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Increase the project’s selling speed by more than three times using cluster analysis and ensure consistency in marketing and sales.

Background / Objectives

  • The client is a Thai public company focused on low-rise property development.
  • The company is located in an area that recently saw many big developers come in and create new projects, resulting in oversupply.
  • The company used a mass-market strategy in the area as it had always done, however, the product’s common variables such as price and location were relatively weak, resulting in the product not selling well.
  • Based on the above, the client wanted a strategy that would allow it to compete with bigger companies with strong common product variables.

Result creation process

Result

[Financial Performance]

  • Sales speed increased from an average of 1.5 units per month to 5 units per month.
  • The average unit price increased by nearly 10%.

 

[System]

  • Established the process and internal mechanisms to create a product that can win in a competitive market.
  • The market was segmented by needs, such as a focus on location, house design, and the nature of the project. In contrast to the traditional segmentation of the market only by characteristics, i.e. income, product type, and location.

 

[Employee Development]

  • People in the marketing department learned a new work process, including statistical analysis.