MagnetStreet: From real estate to bridal customers, lessons learned . . .

[Cross-posted from the Google Retail Advertising Blog]

In 2005, MagnetStreet, a custom magnet developer, was 80% reliant on its Real Estate customers. Although Real Estate customers kept MagnetStreet employees busy from August to November, the rest of the year was stagnant. In order to resolve this staffing and seasonal production slump, to acquire new customers and to expand its product portfolio, MagnetStreet looked to Google and its suite of free tools.

MagnetStreet realized they were not utilizing an SEO or SEM strategy. So they leveraged Google's Keyword Tool to learn more about terms such as “magnets” and “promotional magnets", and how they could expand their keyword selection to be in front of actively searching magnet customers.

David Baird, Vice President of Marketing at MagnetStreet, was surprised to find out that “save-the-date wedding magnets” stood out as keywords of rapidly growing interest. This new product keyword trend spurred an information-gathering project that started with understanding what a save-the-date magnet was, and ended with a solution regarding how to enter the wedding market.

MagnetStreet was also pleased to learn, via Google Trends and Insights for Search, that this new venture revealed an interest peak in January, with a more consistent level of interest throughout the year than the real estate market. These Google tools also offered geographic data that gave MagnetStreet the opportunity to intelligently market to the local areas that showed the most interest in their product suite.

MagnetStreet continues to use Insights for Search to help them expand into new markets, discover additional product offerings, and to inform design, staffing and media decisions. They have expanded into selling wedding invitations and programs in addition to various occasion invitations and announcements.

When looking back at his business’ success, Mr. Baird credits Google’s tools with helping him to make smarter, low risk decisions and giving him the opportunity as a small business owner to compete with Big Box players.

Click here for more information on this success story.

Posted by Keri Overman, The Google Retail Team