The client was looking to scale up their business, which was restricted to a few geographies and a few customer segments.
However, the target market was made up of several kinds of businesses with varying needs and complexity of operations, based on volumes, frequency, size, value and nature of business which made it crucial to identify segments that would be lucrative for the startup and develop specific feature sets & product positioning for them. In addition, being a traditional service running in-house operations cost-effectively and scaling the business was a challenge.
NorthSide helped re-position the business as a SaaS solution for the industry
Increase focus on customer needs by providing a technology solution
The re-positioning improved the overall efficiency and utilisation of capital
NorthSide led a 3-month in-depth research, analysis and problem-solving exercise to reveal needs-based segments who felt underserved within the B2B industry. This helped identify potential groups of customers who were similar along one dimension of unmet needs.
We are NorthSide. A strategy and execution company that partners with young businesses in their start-up and scale-up journey to help build robust brands, develop differentiated products and transform business models.