Class: Business to Business Promotion
Objective: To rent commercial real estate within a newly renovated shopping mall.
Strategy and Execution: Building on the
natural theme of the newly renovated shopping mall renamed Azalea
Plaza, the slogans, "There is a beautiful flower growing" and Azalea
Plaza-Come Grow with us," were created. These slogans were imprinted
on the specialty items mailed to 400 prospective retailers seeking
commercial property. The first mailing was a custom window greeting
card announcing the opening. A packet of Azalea fertilizer came with
the instructions to keep the packet to be used at a later date. A
business card of the real estate agent was enclosed. Then, for the
second mailing, inside a custom mailing can, was a live baby Azalea
plant. The third mailing was a post card inviting the recipients to
the opening of the mall. Newspaper, radio and outdoor signs were
also used, keeping up the theme. All items kept within the color
scheme of the shopping center.
Results: A total of 25%
renewed rental contracts and 57% newly signed rental contracts was
reported. In four months the plaza became 82 %
occupied.
|