There’s no denying that 2023 has been a challenging year on many levels for businesses. Thriving in an unpredictable economy can be challenging, but with the right strategies, businesses can not only navigate the challenges more effectively but also thrive.

At Sharp Minds we tend to think outside the box and look for ways to turn a crisis into an opportunity. This has been the case for many of our clients for whom we introduced tactical PR and marketing strategies to boost brand awareness, protect brand reputation and help continue to drive revenue, despite volatile markets. As we all begin the countdown to Christmas, Sharp Minds reflects on 2023 and some of the key highlights for our clients.

55Plus: Rebranding and strategic marketing and PR to meet national ambitions

Background: This year the equity release market contracted hugely, 450 specialist brokers lost their jobs, and the big brokers abandoned business plans, halted marketing, and shrank operations. Despite one of the most challenging years for the equity release market, later life lending specialists 55Plus were one of only a handful of companies that not only survived the past 12 months but grew in size and turnover. This year Sharp Minds implemented a mature marketing and communications strategy at the beginning of the year to help the company navigate the difficult market and turn a market in crisis into an opportunity for 55Plus.

Rebrand: Our starting point was a complete rebrand for 55Plus with a new website to build a more mature and dynamic brand that reflects its national ambitions, captures more clients and appeals to introducers.

Tactical PR: The relaunch was followed by a carefully targeted and tactical PR campaign in the national press, with 55Plus becoming the leading authority on later life lending, helping to educate the general public about the benefits of equity release. This included multiple stories in The Telegraph, Financial Times, Daily Express and a front-page story in the Sunday Telegraph. The PR success was picked up and praised by the Equity Release Council.

Employer brand: Building a more modern brand  and boosting brand awareness helped to attract an additional 16 advisors, enabling the company to meet its goal of going national.

Strategic digital marketing to clients and introducers: Sharp Minds built a strategy for 55Plus to have a more targeted and collaborative way of working with its clients/introducers and provide initiatives for feedback. This included a fortnightly newsletter sent out to introducers, helping to improve engagement and feedback. Two blogs a month to help educate its introducers and clients on equity release and reactive/proactive social media strategy to improve customer engagement and service. 55Plus has also begun analytic deep dives to make sure content is personalised and being shared with introducers to improve and enhance 55Plus’s referral network.

Award success: 55Plus was a finalist in the Mortgage Introducer Awards last month and is also in the running to win the Equity Release Awards in January.

Loch Associates Group: Increasing brand credibility through PR

Background: Whilst having received accolades and recognition within the legal sector, law and HR business Loch Associates Group was an unknown brand nationally, despite having a strong team of dedicated solicitors. The company wanted to progress its reputation from being a law firm, to a multi-service Law and HR medium-sized business. Earlier this year Sharp Minds was appointed immediately following a corporate rebranding.

Media strategy: An internal and external audit was carried out as part of the discovery process, as well as a thorough SWOT and competitor analysis. This was followed by the design and implementation of a clear media strategy to promote the new branding and the corporate division of the law practice.

Media roadshow: A tier-one and trade media roadshow was conducted to highlight new and updated messaging that reflected Loch Associate Group’s new direction, building active relationships with leading business, national and regional press in Kent, Sussex and London.

Expert messaging matrix: A leadership team was formed as go-to commentators on relevant topics, to share media responsibility away from the founder.

Media coverage: Over 70 media articles were generated in the past 12 months, including tier-one publications, such as The Financial Times, The Telegraph and The Sunday Telegraph.

Background: An innovate start-up founded five years ago, Waterlodge have grown their portfolio over the past two years to broaden their reach in the holiday park and marina industry sector and to individual customers interested in floating accommodation on inland waterways or coastal marinas. The brand is leading the way with its luxury floating lodges, and throughout 2023 gained new Partnerships with the likes of the largest Marina owner, AquaVista, as well as Liverpool Marina and Yarmouth Harbour Commissioners. With further partnerships in the pipeline and a busy exhibition and trade fair calendar, Waterlodge continue to use Sharp Minds as an extension to their business for help with their marketing strategy and tactical marketing and PR campaigns.

Marketing strategy: This year, Waterlodge were facing an increasingly difficult market, due to the general UK economic situation. They have continued to adapt their portfolio to appeal to the UK staycation market, offering innovative options that need communicating to a niche industry and consumer market. Sharp Minds reviewed past activity and produced a strategic marketing and PR plan that can be implemented into next year to leverage Waterlodge as an industry leader and specialist in their field.  

Exhibition support: Ongoing advertising review and advice given, plus exhibition support material for product or stand display and marketing literature, adapted and/or developed for new ranges at several large shows in the UK and Ireland, such as Ireland on the Water, Boatlife 2023 and the Southampton International Boat Show 2023. Advising on lead generation and post-show marketing.

Tactical marketing: An ongoing monthly tactical marketing communication plan is created and executed by Sharp Minds through e-newsletters, social media and supported by a robust SEO strategy. Ad-hoc communications were created to promote new partnerships, the two AirBNBs at Yarmouth Harbour and for advertising opportunities.  

Award success: Waterlodge was a finalist at the New Forest Brilliance in Business Awards 2023, for the Royal Lymington Yacht Club Award for Marine and Maritime, selected for their commitment to excellence, innovation and sustainability within the New Forest economy.