As a prominent global consulting firm, X regularly pitches to top consumer brands, achieving conversion rates of approximately 12-15%. X has been at the forefront of providing strategic consultancy services to renowned brands.
In response to the evolving industry landscape, brands now prefer project-focused pitches over long-term retainerships, necessitating a frequent cycle of pitching engagements throughout the year. This shift in pitching dynamics underscored the firm's need to adapt and innovate its approach to secure projects and deliver tailored solutions to meet the diverse needs of clients in the competitive market environment.
Before discovering Clootrack, consulting firm X faced several critical issues. Each pitch demanded 200-300 man hours, posing significant resource and time management challenges. The urgent nature of pitch requirements created a high-pressure environment, straining resources and requiring rapid team mobilization. Additionally, client expectations shifted towards impactful and actionable insights, making the need for substantive, strategic pitch content crucial over superficial details like company ethos
To tackle its challenges, consulting firm X turned to Clootrack, a platform that accelerates qualitative research by 10X, saving over 300 hours in pitch preparation. Clootrack gathered customer conversations from online channels like e-commerce sites, social media, and blog comments regarding the category and brand of interest. This data was analyzed to identify key market trends and drivers. Clootrack provided X with unbiased customer insights rapidly, detailing key priorities. These AI-powered insights enabled X to come up with data-driven, convincing ideas. Additionally, brand equity analysis highlighted the client's strengths and weaknesses, enhancing the impact of X's pitches.
Clootrack’s detailed report helped X optimize its pitch process for major consumer brands, improving efficiency and increasing conversion rates for pitches.
Here are some major impacts the Clootrack platform and insights generated from it brought to the consulting firm X’s business:
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