+ All Categories
Home > Documents > The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold...

The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold...

Date post: 20-Mar-2018
Category:
Upload: voquynh
View: 214 times
Download: 1 times
Share this document with a friend
45
Transcript
Page 1: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING
Page 2: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

The Transformation of Global Franchise Group

Page 3: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

In 2014, Global Franchise Group Was Ready To Make Some Major Changes to

Franchise Development.

The Entire Landscape of Franchise Development had Changed…But We Had

Not….

Page 4: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Our Goal Was To Completely Revamp Our Franchise Development Process.

After Many Brainstorming Sessions, Meetings With Team Members and Franchisees, We Determined There

Were Five Key Strategic Initiatives We Wanted To Accomplish…

Page 5: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Our Five Key Strategic Initiatives Were1. Rebuild Relationships by Helping Our Existing Owners Expand

Their Businesses

2. Revamp Our Sales Process to be Franchise Sales Driven vs Real Estate Driven

3. Find Innovative Ways to Market and Sell to Today’s Consumer

4. Find Non-Traditional Avenues to Grow our Business

5. Develop Incentive Programs to Incentivize These New Strategies

Page 6: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Helping Our Existing Owners Expand Their Businesses

Page 7: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

We Asked Our Owners What

They Needed to Grow.

Here is What We Learned.

They Wanted:

Lower Fees

Better Incentives

New Avenues of Growth

Better Development Support

Page 8: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Plan:

• Incentive Programs: We introduced

incentives for (New Markets, Current Markets,

Co-Branding Opportunities, and Owner

Referrals)

• Development Agreements: To encourage

multi-unit growth, we lowered our fees for

those interested in area develop agreements.

Allowing Owners to “lockdown” markets they

chose while also paying a smaller upfront fee.

• Development Support: Development fees

allow us to be proactive in real estate and

construction activities.

So Here’s What We Did:Outcome:

• Long-Term Pipeline: With more area

development agreements, we were able

to turn our “year-to-year” pipeline into a

“3-5 year” growth pipeline

• Sustained Growth: Our incentive

programs allowed us to focus franchise

growth in target markets allowing us to

allocate resources to real estate

development more efficiently.

• Build Trust: It was key that everybody

had skin in the game.

Page 9: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

We aligned our awarding process across all four brands.

We made our franchise fee the same for all brands

Incentive programs were made available to all four brands

We Included Operations in the approval process

We focused on “Consistency”

Page 10: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Our Next Area of Focus Was Our Sales Strategy

Page 11: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Revamping Our Sales Process

Page 12: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

• One of our core strategies was changing our methodology from a

real estate driven awarding process to a sales driven awarding

process.

• Our goal was to have franchisees sign development agreements

for markets before real estate was secured.

• The big advantage of this strategy is that when ideal locations

become available, we have franchisees in place ready to take

them. Ending the headache of losing prime real estate and

straining landlord relationships.

Don’t Put The Cart Before the Horse

Page 13: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Having Learned What Our Owners Needed along with

Developing a New Sales Strategy, We Needed to

Revolutionize the Way We Marketed to our Prospects, So

We Did…

Page 14: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Our Switch To Inbound Marketing

Page 15: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Instead of buying ads, buying email lists,

or cold calling, inbound marketing focuses

on creating educational content that pulls

people toward your website where they

can learn more about what you sell on

their own accord.

WHAT IS INBOUND MARKETING?

Page 16: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

INBOUND IS AN APPROACH TO MARKETING THAT REACHES TODAY’S CONSUMER.

Understand what

content pulls your

buyers through the

sales funnel, and

use that context to

personalize your

marketing at scale.

Get found by

qualified leads online

with content (website

pages, blog articles,

social messages)

optimized for search

and social media.

Page 17: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Inbound Marketing

in a Nutshell:

Market with a Magnet, not a Sledgehammer.

Page 18: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

THE PHILOSOPHY:

WHY INBOUND WORKS

Page 19: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Inbound marketing is a philosophy

based on the truth that consumers buy

differently today than they did 10 years

ago.

INBOUND AS A PHILOSOPHY.

Page 20: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

PRE-INTERNET.

• Buyer: Relatively uninformed.

• Buyer Journey: Linear.

• Marketing Playbook:

Interrupt (cold calls and

advertising).

THINK ABOUT IT.

TODAY.

• Buyer: Well-informed.

• Buyer Journey: Fluid and

random. Starts with Google.

• Marketing Playbook:

Thought leadership through

content creation.

Page 21: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

By aligning the content you publish with

your customer’s interests, you can earn

permission to market to prospects that you

can convert into leads, close into

customers, and delight to the point they

come promoters of your brand.

THAT’S WHY PERMISSION BECAME MORE EFFECTIVE THAN INTERRUPTION.

Page 22: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

The inbound philosophy is backed

by a methodology that helps brands

attract, convert, close, and delight

visitors, leads and customers

through a variety of channels such

as social media, blogging, SEO,

landing pages, forms, and email.

THE HOW.

Page 23: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

There are Several Major Themes of Inbound, Permission-Based Marketing.

Let’s talk About Them.

Page 24: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

CONTENT CREATION• You create targeted content that answers your customer's basic questions and needs, and you share that

content far and wide.

LIFECYCLE MARKETING• You recognize that people go through stages as they interact with your company, and that each stage

requires different marketing actions.

PERSONALIZATION & CONTEXT• As you learn more about your leads over time, you can better personalize your messages to their specific

needs.

A MULTI-CHANNEL PRESENCE• Inbound marketing is multi-channel by nature because it approaches people where they are, in the channel

where they want to interact with you.

INTEGRATION• Your publishing and analytics tools all work together like a well-oiled machine, allowing you to focus on

publishing the right content in the right place at the right time.

Page 25: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Blog

Social Media

Keywords

Pages

Calls-to-Action

Landing Pages

Forms

Contacts

Email

Workflows

Lead Scoring

CRM Integrations

Social Media

Smart-Calls-to-Action

Email

Workflows

Attract Convert Close Delight

Strangers Visitors Leads Customers Promoters

Trust The Process

Page 26: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Tools to attract strangers to your site

include:

• Blogging

• Social Media

• Keyword Optimization

• Site Pages

STEP 1: ATTRACT STRANGERS AND TURN THEM INTO WEBSITE VISITORS.

Blog

Social Media

Keywords

Pages

Attract

Strangers Visitors

Page 27: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Tools to convert visitors into leads

include:

• Calls-to-Action

• Landing Pages

• Forms

• Contacts Database

STEP 2: CONVERT WEBSITE VISITORS INTO LEADS.

Calls-to-Action

Landing Pages

Forms

Contacts

Convert

Visitors Leads

Page 28: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Tools to close leads into customers

include:

• Lead Scoring

• Email

• Marketing Automation

• Closed-Loop Reporting

STEP 3: CLOSE LEADS INTO CUSTOMERS THROUGH LEAD NURTURING.

Email

Workflows

Lead Scoring

CRM Integrations

Close

Leads Customers

Page 29: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Tools to delight your customers

include:

• Smart Calls-to-Action

• Social Media

• Email and Marketing Automation

STEP 4: DELIGHT CUSTOMERS TO TURN THEM INTO PROMOTERS OF YOUR BRAND.

Social Media

Smart-Calls-to-Action

Email

Workflows

Delight

Customers Promoters

Page 30: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

• Building trust, not skepticism among

your prospects.

• Being loved, not ignored by your

customers.

• Outsmarting, not outspending your

competitors.

IN SUMMARY, INBOUND MARKETING IS ABOUT ...

Page 31: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

New Growth Strategies

Page 32: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Part of our New Strategy Was Identifying New Channels of Growth for our Franchisees

Page 33: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Malls

AirportsCollege

CampusesMilitary Bases

Sporting Arenas

The Mall Landscape was Changing Rapidly. Increasing Rent in Malls Forced us to Weigh New Options for Growth Outside of Malls.

We Identified Alternative Venues To Offer Our Owners New Formats to Grow Their Business

Page 34: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

So How Did We Drive Franchisees to These New Areas of

Development?

Page 35: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Incentive Programs

Page 36: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

We Offered Four Incentive Programs for New and Existing Franchisees

New Market Incentive

(Incentives New Franchisees)

Current Market Incentive(Incentivizes Existing

Owners Opening New Stores)

Referral Incentive(Incentivizes Existing Owners For Brining In

New Owners)

Co-Branding Incentive(Incentives for New and Existing Owners to Build Co-Branded Locations)

Incentive offers exist to help drive our key development initiatives. Remember, we want to be a magnet, not a sledgehammer.

Page 37: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

So How Has This Strategy Benefited Global Franchise

Group?

Page 38: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

Through Our Marketing Efforts, We’ve Increased Our Website Traffic Substantially.

In 2014, we were averaging 1,000 visitors

per month.

In March 2017, we saw over 23,000 visitors.

1,000 Visitors 23,196 Visitors

Page 39: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

More Visitors

More Potential Leads

Page 40: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

From Inception, We’ve Seen Incredible Increases in Leads Generated. We Stopped Using Portals in 2014.

In 2014 we generated under 500 non-portal leads

In 2016, we generated over 2,500 non-portal leads.

For 2017, we are trending to generate over 3,000non-

portal leads

500 2,500 3,000+

Page 41: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

We Also Saw Our Quality of Leads Increase

In 2014, we saw an average of 27% qualified leads.

We are now averaging nearly 50% qualified

leads.

27% 49%

Page 43: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

QUESTIONS?

Page 44: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

THANK YOU.

Page 45: The Transformation Franchise Group · PDF fileIn 2014, Global Franchise Group Was ... or cold calling, inbound marketing focuses ... LIFECYCLE MARKETING

SourcesHubspot.com


Recommended