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VAEKST helped a leading Nordic management consultancy close +10m DKK in revenue by delivering 527 SQLs across the Nordic countries.
A leading management consultancy in the Nordics needed an external Outbound Sales team to execute their growth strategy through generating new business opportunities for the consultancy’s partners to close and win new long-term clients. The consultancy’s internal resources were used on network-based selling and nurturing existing client relationships which resulted in a diminishing pipeline of new Sales Qualified Leads (SQLs). The consultancy evaluated that establishing an internal outbound sales team was too risky, complex and expensive. This lead to a partnership with VAEKST to generate SQLs, build a pipeline of prospects and deliver commercial insights through a low-risk and personalised sales approach.
VAEKST analysed the consultancy's brand and service offering to design a personalised salesmessage, generate qualified leads and execute outbound sales through telemarketing, email marketing and social selling. The initial market segmentation included CEOs in companies with +200 million DKK in revenue and +200 employees, and relevant use cases were developed to create a targeted message to the segment.
During the first months, VAEKST tested different subsegments through an agile split-testing approach and found that conversion rates were highest with companies in the Industrial Goods and Service and Transportation and Logistics industry where there had been a recent CEO change and a profitability decrease of min. 2% over a 2-year period.
Based on the insights generated from VAEKST, the consultancy could optimise their own segmentation strategy to create more targeted sales and marketing campaigns. Equipped with new intelligence, VAEKST was able to increase conversion rates over time and create 527 SQLs. A year later, the collaboration is still ongoing and the consultancy has closed several deals worth +10 million DKK and with several more in the pipeline.
