An energy management platform gets empowered by data
10
The team tested product launch messages for multiple modules across 10 industry verticals.
86%
In audience testing, 86% of revised messages scored a four or more on a five-point “level of influence” scale.
30%
The company has seen a 30% increase in site traffic, pre-sales activity and lead conversion performance.
At a glance
Client
Wholesale energy provider
Industry
Energy
Our role
Help launch a new product
Our solution
Data-driven, market-ready content
Scenario
Data to drive a multifaceted message
To launch a new product, you need the power of data.
A large energy provider wanted to promote an expansive new energy management platform. The platform infused real-time data into analysis, forecasting, planning and asset optimization to help customers reduce their costs and carbon impact. “The company recognized that they had a powerful product, but they were unclear about how to represent that product,” said Grant Thornton Business Consulting Managing Director Adam Bowen.
“Their platform delivered a range of solutions with different modules — like many SaaS products that do a range of things,” Bowen said. However, the company struggled to convey the value of the platform and its modules together, targeting a client base with varying needs and complexity. Even managing internal communications about the broad solution and targeted customer base sometimes became confusing or inconsistent.
Each module provided tailored value for power-intensive industry verticals like manufacturing, retail or technology — and the company’s marketing and sales functions had not promoted these capabilities to these audiences before. The company wanted buyer-validated market research to guide how it represented the needs and solutions in its lead generation and sales enablement content.
“Rather than just talking in platitudes and hyperbole about an effective energy management solution, they wanted to speak more convincingly and persuasively about each of the particular capabilities,” Bowen said — and they wanted data to drive their approach. “They needed to ensure that the key messages were informed and verified by research and message validation.”
Approach
The words that work
The company asked Grant Thornton to provide advice, research and reasoning on how to represent the platform, with validation to support the approach.
“The challenge was that this was a sophisticated, multi-module product, purchased in multiple industries by buyers at different levels of tech maturity,” Bowen said.
“We felt the only way to know the most powerful way to position this product, and speak about it, was to truly understand the needs of the people who were going to buy it," Bowen said. "So, rather than just take a surface-level approach of generating a series of value propositions, we took the time to talk to buyers and go deep on those need-states, because that’s where we were going to find the insights necessary to create a compelling go-to-market message plan.”
To identify and analyze buyer needs, behaviors and target personas, the Grant Thornton team recruited energy solution buyers from across 10 industry verticals, including energy managers, facilities operators and chief sustainability officers.
Bowen explained, “We did research up front to understand why the individuals who buy these types of solutions buy them. What are they looking for? What are the problems that they’re trying to solve in their organization or on their facility floor? We also took the time to speak to their competitors, to understand how they position their energy management solutions.” These discussions were the beginning of a four-stage process:
1. Interviews and panels
The Grant Thornton team worked with subject matter experts to uncover insights from buyers, former employees and sellers across the energy industry. Respondents didn’t share trade secrets, but they did talk about the market positioning and core strengths of competitive products. “Our job was to document these strengths, and then do the strategic analysis to understand how the product compared to competitive products and identify the positioning white space to highlight crucial points of differentiation,” Bowen said. “Once we knew that, then we knew how to position the product, with key areas to bring to life in marketing and communications.”
2. Message creation
“After we gathered all of that information, the next step was to start developing messaging frameworks,” Bowen said. Rather than just a mirror of buyer needs, the team created messages that reflected perspectives on buyer need-states while also differentiating the new platform from its competitors. Once the Grant Thornton team developed these messaging frameworks, it held workshops with the company’s business leaders to refine the technical nomenclature for messages that would resonate with buyers.
3. Message testing
Next, the team applied research again. “We developed a series of quantitative survey instruments, using different methodologies, to test the framing language and verify that the primary and secondary messages were not only effective, but also differentiated from their competitors,” Bowen said. Then, the team ran a factor analysis on the survey results for each message, to test its credibility, differentiation, ease of use, partnership and security.
The team used the testing to determine the overall “level of influence” for primary and secondary messages about each of the platform’s components, finding that 86% of the messages scored four or more on a five-point scale.
“That gave us more robust insight,” Bowen said. “We make a point of going several steps further to understand not only how and what people think, but why they think that way.”
4. Expanded materials
Once the team had researched, developed and validated the messaging frameworks, it created a messaging architecture of value propositions and differentiators, with solution-specific messaging about the platform’s highest-performing features, actions and solutions. “We created a whole host of go-to-market materials which, when implemented through their marketing team, led to significant increases in site traffic, lead generation and other marketing metrics,” Bowen said.
Bowen explained, “The current website reflects market-validated messaging, for a positioning and powerful product differentiations that resonate with the buyer audience. These go-to-market materials were then translated into sales enablement playbooks to enable the highly effective marketing and sales handoffs.”
How we can help you
INDUSTRY
SERVICE
INSIGHT
Ready to talk? We’re ready to listen.
Request a meeting -->
Result
The buyer’s language
The Grant Thornton team ultimately delivered a comprehensive framework of data-driven “words that work,” identifying how to describe the platform, build sales enablement, frame case studies and more. “We wrote several case studies, and we went above and beyond to characterize what they did in a way that reinforces the kinds of language that you would see in the market,” Bowen said.
“We created messaging frameworks, pitch deck frameworks and even content that appeared on billboards,” Bowen said. “It was comprehensive — in meeting their needs, and also in what we did to verify how they should talk about the product.”
“It’s about identifying the white space where others are not speaking, or in ways that others are not speaking, and then it’s also making sure that the buyers can see themselves in the messages,” Bowen said. Now, buyers can recognize that the company is speaking their language, in the way it configured this solution and in the way it talks about the solution.
After applying the team’s work, the company has seen a 30% increase in site traffic, pre-sales activity and lead conversion performance. “The work was effective enough that it generated more leads than the sales team could initially address,” Bowen said. “We were asked to develop an automated solution that would help keep leads engaged until sellers could respond.”
Related Resources
Connect with our team
Head of Energy Industry
Grant Thornton Advisors LLC
Partner, Audit Services, Grant Thornton LLP
Managing Director, Business Consulting
Grant Thornton Advisors LLC
Adam is a Managing Director in the Business Consulting practice. He has over 20 years of experience in strategy and consulting with consumer and corporate brands.
Chicago, Illinois
Industries
- Life Sciences
- Manufacturing, Transportation & Distribution
- Media & Entertainment
- Technology, Media & Telecommunications
Service Experience
- Advisory Services
- Commercial and Growth
- Business Consulting
Content disclaimer
This Grant Thornton Advisors LLC content provides information and comments on current issues and developments. It is not a comprehensive analysis of the subject matter covered. It is not, and should not be construed as, accounting, legal, tax, or professional advice provided by Grant Thornton Advisors LLC. All relevant facts and circumstances, including the pertinent authoritative literature, need to be considered to arrive at conclusions that comply with matters addressed in this content.
Grant Thornton Advisors LLC and its subsidiary entities are not licensed CPA firms.
For additional information on topics covered in this content, contact a Grant Thornton Advisors LLC professional.
Ready to talk? We’re ready to listen.
Request a meeting and a member of our team will be in touch to see what we can do to meet your needs.
Want to submit an RFP? Please submit your request through our RFP submission page.
Trending topics
No Results Found. Please search again using different keywords and/or filters.