Cedar Woods is an award-winning residential and commercial property developer known for its projects spanning Western Australia, Victoria, Queensland and South Australia. For over 30 years, Cedar Woods has created vibrant communities that enrich the lives of its customers.
Before engaging Salted Stone, Cedar Woods found themselves in a marketing conundrum.
Their teams struggled to understand their audience and lacked a software solution that presented a 360-degree view of customer interactions. Plus, lead generation strictly relied on industry-standard above-the-line (ABL) marketing tactics such as radio and outdoor advertising. This prevented Cedar Woods from talking one-to-one with their audience, constraining their ability to authentically connect with prospects. The team were also frustrated by limited pipeline visibility and challenges attributing sales to ABL efforts.
With another project launch on the horizon, Incontro of Subiaco, the team sought to revitalise their marketing by testing digital tactics with an inbound approach. Cedar Woods recognised the value of inbound marketing as a proven concept, yet needed expert guidance to implement it effectively.
Salted Stone partnered with Cedar Woods to lead their inbound transition in a 6-month engagement for Incontro (in line with the industry’s sales lead time).
The Incontro development comprises 41 three-bedroom townhouses set within the heart of Subiaco, an affluent inner-city suburb in Perth, Western Australia. Built for modern living, Incontro is described as a connected community that’s stylish and surrounded by nature. Townhouse pricing started at $500,000AU.
Salted Stone created two sets of campaign goals, one each for the ‘Coming Soon’ expression of interest (EOI) phase and a subsequent launch to market. 10 townhouse sales would catalyze development.
Campaign Goals: 480 MQL's, 140 SQL's & 12 Sales
EOI Phase: Sept–Oct 2020 |
Launch Phase: Oct 2020–March 2021 |
|
|
Our team mapped the entire buyer’s journey for all four personas, building our understanding of who we were trying to serve, to customise a strategic program. The focus was to build market awareness and drive sales during the launch via digital marketing tactics. Our agency also recommended Cedar Woods utilise HubSpot Sales and Marketing Enterprise as the core enabler of the Incontro campaign. The platform’s tools would bring our agency’s strategies to life, and tie in with the campaign goals and broader client challenges.
Salted Stone’s robust campaign strategy leveraged several digital tactics to support Cedar Woods’ internally led ATL campaign. The strategy primarily revolved around the creation of a landing page and email workflows using the inbound methodology to generate MQLs, SQLs and ultimately, sales. Those tactics are as follows:
Salted Stone is APAC's largest and most trusted HubSpot Elite Solutions Partner (2021).
EOI Phase
Cedar Woods rapidly accrued outstanding results from Salted Stone’s early campaign activities. The results speak for themselves:
279 MQLs |
87 SQLs |
The EOI Phase was undeniably successful, however, Salted Stone recommended several campaign optimisations to boost the next phase. These recommendations were informed by HubSpot contact activity and heatmap data analysed weekly and at an end-phase performance review.
Launch Phase
Salted Stone maintained momentum into the Launch Phase by continuing to build MQLs and drive SQLs for conversion to sale, optimised by our EOI Phase observations.
Overall, we strongly outperformed our Incontro Campaign goals which culminated in the following outcomes:
1,464 MQLs |
254 SQLs |
15 Sales |
$7,500,000+ |
In our 6-month Cedar Woods engagement, Salted Stone successfully proved the real impact of an inbound approach propelled by HubSpot’s powerful tools.
Our strategic program demonstrated:
In the end, consumer demand drastically outweighed Incontro townhouse supply, with the surplus of leads retargeted for future campaigns. Salted Stone effectively drove results with a bottom-line impact, contributing to the generation of over $7,500,000 in revenue (up 125% on target) — all thanks to an inbound-focused strategy.