4. 1
Mission Statement
"”Growth Through Customer Service"
Situation Analysis
The Industrial Distribution industry was estimated to be $400 billion in 2001, but the industry
has many sub-industries within it, sixteen to be exact. To name a few, Home Improvement
revenues were $73 billion in 2003, $5.1 billion for the Building Materials Wholesale industry,
$61 billion for the Electronic Wholesale industry, $10.4 billion for the Industrial Equipment
Wholesale industry, and $211 billion for the Basic Materials Wholesale Industry. The scope of
competitive rivalry, all of the top ten companies in the industry have a national impact with their
companies, although some have expanded into small international ventures in countries like
Canada, Singapore, Mexico, and Puerto Rico. Some of the smaller but still large companies in
the industry have a regional impact moving toward national. The market growth rate from 2002-
2003 was both up and down for the top 50 companies in the industry. Half of the companies had
declining sales at an average of 11%, 23 of the top 50 companies reported an average of 11.6%
in sales gains, and two companies reported flat rates of growth. The Stage in life cycle in the
industry is at the mature stage. The major competitors have been established for over 25 years,
some dating back as early as the 1920’s. The numbers of companies in the industry are over 100
“big” companies in the industry. The top fifty companies, the “biggest of the big,” range in sales
(2002) from $86.5 million to $4.64 billion and from 20 locations to over 1100. In 2003 the top
10 distributors claimed 13% of the market share, and the next 80 companies following the top
ten claimed 10% of the market share. The thousands of smaller local, regional, and specialty
industrial distributors who in 2001 made up 92% of the industry only had less than 0.1% market
share each.
Over the past 47 years, Fastenal has grown from a small-town fastener shop, to a thriving
regional business, to North America’s largest fastener distributor, to the world’s most efficient
supplier of OEM, MRO, and construction products. Along the way, we’ve never wavered in our
belief that great service starts with being close to our customers, which is why today we operate
nearly 2,700 stores spanning all 50 states and 20-plus nations.
You’ll find Fastenal stores in cities like Houston, Indianapolis, Atlanta, Toronto, and Shanghai.
You’ll also find us in smaller communities like Chowchilla, California; Greenville, Alabama;
and Thompson, Manitoba. But what really matters is that you’ll find a Fastenal store near you –
ready to stock your products, manage your inventory, respond urgently, and provide the kind of
customer service you just can’t get from a catalog or 1-800 number.
5. SWOT Analysis
Strengths
Fastenal’s strengths include strong store network and distribution model and strong service
model. Fastenal offers its products through nearly 2,700 stores where as its closest competitor
W.W. Grainger offers its products through only 709 stores. Fastenal has 14 distribution centers,
which provides them with more than 2.7 million square feet of distribution capacity. This strong
store network and distribution model allows Fastenal to enhance its market position and
consequently increase its revenues.
Weaknesses
Fastenal’s main weakness is its geographic concentration. Fastenal’s business operations are
concentrated in the US. Where Fastenal is at a disadvantage is that since it is highly dependent
on the US market, it makes them vulnerable to negative trends in the customer demand,
economic downturn in the region, and other similar factors affecting the US market. Since
Fastenal has a high geographic concentration, it could affect the overall results of its operations.
Opportunities
Fastenal current opportunities include growing e-commerce sales in the US, strategic opening of
stores, and growing non-residential construction spending in the US. Fastenal sells its products
through an online website. Since they have been successful doing this, they are able to leverage
the growing e-commerce sales in the US. Fastenal has a strategic way of opening its stores.
Fastenal tries to open new stores at a rate of about 7-10% per year. By doing this, it will allow
them to sustain revenues even at a time of economic slowdown. Most of Fastenal’s customers are
in the manufacturing and non-residential construction markets. By growing non-residential
construction spending it will allow Fastenal to increase its revenues.
Threats
The two big threats that Fastenal faces are their intense competition and the volatility in raw
material prices. Fastenal competes with companies such as Ace Hardware, AIT, and W.W.
Grainger. Increased industry competition could lead to pricing pressures, which in return could
unfavorably impact the market share of the company. The primary material used by Fastenal to
manufacture its products is steel. On a global and regional basis, the prices of steel can
experience significant fluctuation due to supply and demand trends. Since these raw materials
can go up and down in price it could materially affect the company’s profits.
6. Current Media Analysis
Owned
Website- The website contains all of the store locations of all of the Fastenal stores as well as the
ability to order the products online. The customer is also able to make an account to keep up
with their items that they have purchased. They have lists of the services and resources available
to the customer. At the bottom of the website there are more options for the customer consisting
of options to help them and how to get in touch with the company.
Facebook- The Facebook page is for the company as a whole. It tells the consumers about the
seminars and further information about the company by the people who work there. The page
consists of numerous pictures of the employees, the Fastenal NASCAR, pictures from their
seminars, and advertisements.
Stores- Our client has stores located in Nacogdoches, Lufkin, Center, Henderson, Kilgore,
Longview, and Tyler, Texas.
Earned
Newspaper Article - Fastenal has an article written about them in the New York Times.
Radio Exposure- Fastenal has no known advertisements for this section
Paid
Newspaper- Fastenal has no known advertisements for this section
Magazine- Fastenal has no known advertisements for this section
TV- Fastenal has no known advertisements for this section
Website- Fastenal has a website for their whole company not just for our customer.
Outdoor- Fastenal has no known advertisements for this section
Direct Mail- Fastenal has no known advertisements for this section
Target Markets
Primary - General Contractors
Secondary - Sub-contractors
Tertiary - General Public
Contracting work is generally labor intensive and a majority are men.
Typical age for working men ranges from 25-55.
7. Summer is the prime time for contracting work due to the fact that many jobs are done
outdoors and many people are looking to get contracting work done during this time of
year while there is good weather.
Contractors are up and at the job site extra early to ensure maximum daylight for work to
get done.
Since we are targeting contractors in the East Texas area, we assume many of them are
sports-oriented, whether they watch, play, have played, or have family members who
play sports.
List of Licensed Contractors in Designated Market Area
All BBB Accredited Longview Contractors - General
Business Name / Address
Type of Business / Distance
BBB Accreditation
B. L. Duszik Construction Company
108 E Highland Ave
Longview, TX
View BBB Review
Contractors - General
Serving Longview, TX
B Jordan Construction LLC
3631 Lansing Switch Rd
Longview, TX
View BBB Review
Contractors - General
Serving Longview, TX
Breck Thompson Builders
1711 Hyacinth Dr
Longview, TX
View BBB Review
Contractors - General
Serving Longview, TX
Casey Slone Construction, LLC
125 Lacebark Ln
Longview, TX
8. View BBB Review
Contractors - General
Serving Longview, TX
Classic Homes By Sam Clark, Inc.
3239 Sam Page Rd
Longview, TX
View BBB Review
Contractors - General
Serving Longview, TX
Cox Builders, Inc.
4001 Technology Ctr STE 202
Longview, TX
View BBB Review
Contractors - General
Serving Longview, TX
D.J. Johnson & Co., Inc.
331 Turtle Creek Dr
Longview, TX
View BBB Review
Contractors - General
Serving Longview, TX
First General Services of Northeast Texas
PO Box 9712
Longview, TX
View BBB Review
Contractors - General
Serving Longview, TX
Miller Builders
3556 Lansing Switch Rd
Longview, TX
View BBB Review
Contractors - General
Serving Longview, TX
9. PCF Construction
704 Fenton Rd
Longview, TX
View BBB Review
Contractors - General
Serving Longview, TX
Premier Construction
3698 E Marshall Ave
Longview, TX
View BBB Review
Contractors - General
Serving Longview, TX
Prestige Builders
PO Box 2547
Longview, TX
View BBB Review
Contractors - General
Serving Longview, TX
Salter Construction
319 W Harrison Rd Unit 8
Longview, TX
View BBB Review
Contractors - General
Serving Longview, TX
Scott Hamilton Custom Homes
1625 E Loop 281
Longview, TX
View BBB Review
Contractors - General
Serving Longview, TX
10. Shaw Construction
444 Massey Rock Rd
Longview, TX
View BBB Review
Contractors - General
Serving Longview, TX
Butler Construction
511 N Washington Ave
Marshall, TX
View BBB Review
Contractors - General
Serving Longview, TX
Judge Smith Construction Co.
504 Plantation Lane
Marshall, TX
View BBB Review
Contractors - General
Serving Longview, TX
Mike Townsend Construction
5072 Highway 42
Kilgore, TX
View BBB Review
Contractors - General
Serving Kilgore, TX
Isaac Design& Construction
PO Box 2315
Henderson, TX
View BBB Review
Contractors - General
Serving Longview, TX
11. Hughes Home Repair, Inc.
2715 County Road 406 S
Henderson, TX
View BBB Review
Contractors - General
Serving Longview, TX
4-G General Construction, LLC
4273 Fm 3310 S
Henderson, TX
View BBB Review
Bridges Custom Homes LLC
PO Box 1546
Carthage, TX
View BBB Review
Contractors - General
Serving Carthage, TX
COMPASS DEVELOPMENT & CONSTRUCTION, INC
506 S 1st St
Lufkin, TX
View BBB Review
2 BAR E CONSTRUCTION
805 SE Stallings Dr Ste 1
Nacogdoches, TX
View BBB Review
Contractors - General
18.0 miles
CORDOVA CONSTRUCTION CO., INC.
320 E. State Hwy 7
Nacogdoches, TX
View BBB Review
Contractors - General
22.0 miles
12. COX CONTRACTORS INC
4720 E Main
Nacogdoches, TX
View BBB Review
Contractors - General
22.0 miles
Competitor Analysis
Some of Fastenal’s top competitors include HD Supply Holdings and MSC Industrial Direct.
With 2,650 stores, 1.4 million products, and approximately 90% of all sales, Fastenal is the
leading provider of all professional industrial products. Fastenal’s sales in 2013 totaled to
$3,326.1 million with net income of $448.6 million compared to $2,457.6 million total sales and
$238 million in net income for MSC Industrial Direct and $8,487 million sales in 2014 and a net
loss of $218 million for HD Supply Holdings. Fastenal has grown exponentially over the past
decade by doubling the store count and more than tripling its sales. Fastenal has a major
advantage by providing their products directly to the end user whereas MSC Industrial Direct
and HD Supply Holdings distribute their products to other firms. Fastenal is able to beat the
competition by the large scale of stores they operate, the wide range of products they offer, and
the option for customization for customers. They take certain steps to cut costs including
bundling where they create certain packages for customers and shipping large orders altogether.
Fastenal has a long list of competitors but is able to beat the competition by having and using
multiple sources of competitive advantage.
Campaign Strategy
Press Release
A press release will be issued telling people of our little league baseball sponsorship, fishing, and
golf tournaments as shown in the appendix.
Banners, Newspaper, Direct Mail, (Proposed Billboards)
With the creative ads made, the team took into consideration what the Fastenal in the East Texas
areas want to accomplish through these advertisements. When looking at the profile at the target
market, east Texas contractors, and the team knew what forms of advertisement would be best.
Billboards, newspaper articles and direct mailing ads would be the most efficient way to grab the
contractors’ attention. With the "hands full" ad, the team wanted to emphasize that Fastenal has
the best customer service and are there any time to lend a helping hand to their customers.
13. Contractors have a lot to do and have their "hands full" most of the time. Knowing that "time
after time, Fastenal is there" will put forth some reassurance to the customers when they feel
swarmed that someone is there to help. With the direct mail ads, adding the Whataburger
coupons was a creative additive in grabbing the contractors’ attention. Also the front consists of
more pictures to grab their attention, rather than having a lot of words. Another feeling the
creative team wanted to emphasize with these ads is East Texas, East Texas, and East Texas! The
creative team placed a picture of Texas predominately on the ad with the star over the East
Texas. The list of the towns is emphasized, and Whataburger is cross promoted, because it is
such a huge East Texas staple that contractors frequent. Thinking of what East Texas men like
and what grabs their attention was crucial with these ads.
Whataburger Promotion
Contractors generally wake up very early in the morning and they eat a lot of fast food. In order
to reach more of these contractors, we came up with the idea of teaming Fastenal with
Whataburger, a fast food restaurant that is open 24 hours a day, making it the perfect place to
team up with to reach these contractors that wake up at 4 and 5 in the morning. There are 2
Whataburger restaurants in Kilgore, 5 in Longview, 3 in Lufkin, 1 in Nacogdoches, 2 in Marshall
and 1 in Center.
The team proposes Fastenal offer Whataburger a deal where with every meal, customers receive
a coupon for Fastenal products at a discounted rate and we would pay Whataburger a
commission rate for every person they reach. We could also sponsor Whataburger in
commercials and advertisements in exchange for recognition or sponsorships for Fastenal
products. The more people hear about Fastenal, the more likely they will buy from them.
In order to reach contractors that get their tools and equipment from our competitors, we have to
get their attention and I think teaming with Whataburger (or any other fast food place that serves
breakfast) will get contractors to notice Fastenal, and also give them an opportunity to get
Fastenal tools at a discounted price.
Goal
The goal of Fastenal's Supplier Diversity Program is to increase purchases with small, diverse
and local businesses by creating close, long-term relationships that strengthen our customer base.
Key Performance Indicators
Increase in Sales
Increase in Customers
14. Increased Company Goodwill
Sponsoring Little League Baseball (Corporate Social Responsibility)
Sports, and especially little league baseball, are a big deal in East Texas. Sponsoring a little
league baseball team is a good way for a company or organization to help out and get involved.
It is also a marketing and advertising tool for some companies to get their name out to the public
to promote their business. The Little League Baseball Association offers a few different
packages for sponsors to buy through the season. Also, purchasing additional banners to put
kid’s names on as well as Fastenal’s logo and some small information is another great way to get
their name out but also let the community know that they care about the youth and enjoy helping
out.
We picked “The Double” - $500
o Team sponsorship (name of business on jersey)
o Outfield banner
o Plaque with team picture given to the sponsor at the end of the season
o Recognition at Opening Day Parade/Ceremony
o Website sponsorship banner on the league’s site with company name, phone
number and website information
Banner design - www.buildasign.com
o Any size banner ranging from: 2’x2’ – 10’x3’
o Advertise team name, kids name, Fastenal logo, Fastenal saying
o Numerous colors and font options
Key Performance Indicators
Increase in Sales
Increase in Customers
Increased Company Goodwill
Fishing Tournament
1st Annual Fastenal Invitational
March 21, 2015
We are excited to announce Fastenal will be hosting their first annual tournament!
guaranteed 75-80% payback based on entries
15. Tournament Waters: Lake Sam Rayburn, Jasper, Texas
Competition Dates: March 21, 2015
Launch and Weigh-In: Umphrey Family Pavilion, CR 255 Jasper, TX 75951
Off Limits: must be off the water by 3p.m. Friday the 20th of March
Registration & Mandatory Pre-tournament Meeting: Registration will begin at 5:00 p.m.
Friday, March 20, 2015 followed by the meeting at 6 p.m. at the Umphrey Family Pavilion.
Entry fee and entry form will be completed at this meeting for all participants.
Tournament Checklist:
Properly insured, licensed, and registered boat
Texas fishing license
Entry Fees:
Team: $150/team
Big Bass: $40 for all -one award for the entire event
Payment methods:
Cash
Checks: payable to Fastenal
How it will work:
Boat numbers will be assigned at the pre-tournament meeting on the 20th.
Takeoff first day:
Take off time will be determined when safe light is.
Check-in time will be 3:00
2015 Fastenal Invitational Rules
1. RULES - All decisions made by the tournament director and or the tournament officials will
be final. The tournament director can make a change at his discretion or when the safety of
anglers is in question. Interpretation of these rules will be left exclusively to the tournament
director.
2. ALCOHOLIC BEVERAGES AND DRUGS - Anyone consuming alcoholic beverages or
drugs (other than prescription) during tournament hours will be disqualified. If you feel you may
have big bass or your fish may put you in the money, do not consume alcohol or drugs until
16. weigh in has concluded and polygraphs have been determined. NO alcohol or drugs allowed in
boat during tournament hours.
3. SPORTSMANSHIP - All contestants are expected to practice courtesy, safety, and follow
local and state game laws. Anyone displaying poor sportsmanship or violating local and state
game laws will be disqualified.
4. ELIGIBILITY – ALL: must have valid Texas fishing license, properly registered boat in
accordance with U.S. Coast Guard Laws as stated below (rule 9.)
Must present valid driver’s license at time of registration
5. BAITS AND TACKLE - Only artificial lures may be used with the exception of pork rinds
and liquid bait attractants. No live bait. No trolling with the main engine. Only one rod at a time
may be used. A cast must be fully retrieved before another rod is picked up. You may not snag or
foul hook bedding fish.
6. POLYGRAPH - Each contestant agrees to submit to a polygraph examination by entering this
tournament and must abide by its conclusion. All polygraphs must be passed in order to receive
cash or product. If you have ever failed for any form of cheating you cannot participate in
Fastenal tournament.
7. PERMISSIBLE WATERS - No fishing within 50 yards of an operating gas pump, within 25
yards of a non-anchored boat without permission or 50 yards of an anchored or tied boat with
troll motor up on deck without permission. Contestant must be able to drive into all fishing areas.
Contestant cannot leave boat to land a fish. No fishing within the no-wake buoy (in the cove of
the ramp).
8. LATE PENALTY - You will be penalized one pound per minute and after 15 minutes late you
will be disqualified.
9. BOATS AND MOTORS - No engine shall exceed the maximum horsepower rating for the
boat on which it is used. All boats shall meet U.S. Coast Guard and state regulations. All boats
must have an emergency shut off device. All boats must have aerated live wells in working
order, unless other aerated setups are approved by director.
10. SAFETY - Coast guard approved life vest must be worn and secured, and the shut off device
attached to driver while main engine is operating. This is suggested at all times and will be
enforced on competition days. Cell phones may be used for emergency, or break downs only
during tournament hours. In case of breakdown, you may get into another contestant’s boat to
come to weigh-in.
11. SCORING FISH - A maximum of five fish per team or individual will be weighed per
tournament. A dead fish penalty of .50 (one half pound) per fish will be deducted from total
17. weight. Penalty of .50 will be deducted off of any dead Big Bass weighed. Only largemouth,
Kentucky spotted, or smallmouth bass will be weighed. Any team or individual bringing in more
than five fish to weigh-in will be disqualified. All fish must measure at least 14 inches in length
on. Short fish - you will lose the short fish plus a 1 lb. penalty.
12. CULLING - No team or individual may have more than five fish in their live well at any one
time. You must cull after you are in possession of the sixth bass. Dead fish cannot be culled.
13. TIES - Ties will result in splitting the money between the teams.
15. REGISTRATION - Teams must register in person at the MANDATORY rules meeting on
Friday, March 20 by 7 p.m.
16. PROTESTS - All protests must be submitted in writing within 15 minutes after weigh-in to
the tournament director.
17. No tournament angler shall leave the boat for any reason other than an emergency.
Key Performance Indicators
Increased Brand Awareness
Increased Company Goodwill
Increased Sales
Golf Tournament
Elements:
Planning (6-8 months prior)
1. Set a tentative date to hold your event. Include a secondary date in case of rain the day
of the event and you cannot play. Also, decide your final registration date to allow
sufficient time to commit to suppliers of food, prizes, etc.
2. Contact a golf course. Make sure to sign a contract with the course so you know what to
expect when it comes to fees and what the course will provide (advertising, beverages, and food).
The course manager can help you in your tournament planning and can tell you which holes will
work best for specialty challenges. Specialty holes may include Closest to the Hole, Longest
Drive, or Hole in One. Have a female and male winner for each and present prizes at ceremony.
3. Decide the fee you will charge participants (contractors and subcontractors) and sponsors
(Bud Light). Set the fee at an amount that will cover money to go toward the event and charges
for using the course and food.
18. 4. Assemble sponsor packets and send to area businesses. Sponsors can be companies or
individuals who donate money or items to your fundraising event. In return, the sponsor's name
is advertised on a banner or marker at one of the golf holes.
Publicity (3-4 months prior)
5. Design a media kit and send to various radio, television, and newspaper outlets to promote
your golf tournament. Include general fliers and registration forms. If you have an established
presence on social media, it is a good idea to use such platforms as Facebook, Twitter or other
niche social networks, to promote your golf tournament.
6. Make copies of the flier and form to disperse to the golf course as well as friends and
family who can spread the word. Information can also be sent via email.
Preparation (1-2 months prior)
7. Keep track of the groups and payments as they sign up. Typically, groups consist of four
players. You may pair individual participants with other single players or groups who do not
have enough players. Finalize your order for trophies, prizes, and memorabilia based on your
final registration date numbers.
8. Contact food vendors. Most golf tournaments conclude with a meal and ceremony. Any
food provided between the 9th and 10th hole of play usually comes from the golf course. This is
key because you want your players to be happy and by providing them with food
9. Create banners or signs for sponsor holes. Make sure they are aware you will be using their
logo so there are no copyright conflicts. By having these banners and signs it will make the
sponsors feel like you really care about them and will in return make them want to sponsor again.
10. Collect items for auctions. Auctions are great for fundraising events to increase the total
amount of money collected. Purchase a large roll of raffle tickets that participants can buy
individually for the auctions or a raffle. The raffle divides money from ticket sales with 50%
going to the raffle winner and the rest toward the event.
11. Set up your event. Have a registration table for participants (the contractors) to sign in and
purchase tickets. Also, have a table set up with auction items. Place a container next to silent
auction items in which participants (contractors) can put their tickets. Draw tickets to determine
winners at the ceremony.
19. Key Performance Indicators
Increased Brand Awareness
Increased Company Goodwill
Increased Sales
Fundraising profits from Auction
Media Budget Explanation
Our team decided to use the Local Morning/Evening News Ad Commercial because contractors
typically watch the news early in the morning to check the weather and since they are up early to
go to different job sites throughout the day and in the evening times after they are done with their
job.
The team chose to use different newspaper outlets throughout the different locations that Cooper
Terry has in his designated market area to have advertisements. This will be very beneficial to
his district so that his advertising isn’t just running in once newspaper, it will be running in
multiple ones to make sure he can get as much word out as possible. This will, in turn draw in
more customers than he had before.
Sponsoring Little League Baseball’s teams in Longview and Lufkin will increase goodwill
within the community and promote our brand to customers with families and that are interested
in sports. We chose those two areas because they are the central locations that all of Cooper
Terry’s locations. Sponsoring these teams will allow him to put the Fastenal logo on the jerseys
as well as display banners at the baseball field. This will be beneficial in drawing attention to his
company and considering the fact that many contractors have families and there is a chance that
their kids would be playing little league and see these logos.
The team thought that through a sponsorship of a golf tournament and a fishing tournament it
would really expose the Fastenal brand to customers that the company would really like to
attract. Golf tournaments and fishing tournaments are great ways to attract potential consumers
because it appeals to the target market they are looking for. By appealing to these people it will
allow Fastenal to grow and reach markets that have not been targeted in the recent past.
Another expense that the team thought was relevant for Fastenal was direct mail. This is very
relevant because it allows them to get the word out to everyone possible and cuts out the areas
where people fell through the cracks. Direct mail is something that a lot of companies do and if
Fastenal is trying to increase brand recognition then we need to reach out to these potential
customers.
Lastly on our list of expenses the team set aside money for a social media intern for Cooper
Terry. We believe that this is an expense that is very important to the success of him growing
20. sales and getting the word out about Fastenal to the public. Social media is a very common form
of communication in today’s world so having someone on your team that can take care of
anything on the social media platform is necessary.
Social Media
General Rules: Try to get the people to engage with the page the more people who see it the
more likely we are to find the general contractors. Do not post a times when they will be at work,
they are probably busy. Best times to post are during lunch hours and after work hours/ night
time. Try to keep the theme for that day and add any other interesting things at a different time.
Make sure the slogan “Time after time, Fastenal is there”, is in every post so people will start to
remember it. Try to post around the same time of day so people can count on it being there. If the
intern in not available they can schedule the post to go out at the time they want it to. Make sure
the inter reviews the activity and performance of the page so that they may make any changes to
better help the word get out.
1. Sundays: Every first Sunday the schedule will be posted for the whole month. Have the
intern post and tweet before and during the race.
Ex: Like/ Tweet to support Fastenal racer Carl Edwards in the Sprint Cup.
#TimeAfterTime #FastenalIsThere
The Sundays after will have the schedule for the upcoming week.
2. Mondays: Merchandise Monday! Post something that Fastenal has in the inventory that
would help General Contractors and their subcontractors do their job and possibly the price.
Ex: Post a specific part or service Fastenal has that not a lot of other distributors have or focus
on. This may give an edge to Fastenal in that many distributors either don’t have or lack and can
benefit from this and give them an edge in the industry.
3. Tuesdays: Talk back Tuesdays! Like, share, or re-tweet for an incentive. Reward the
customer with small gift as a token of appreciation.
Ex: Like to win free Whataburger coupons for the month
#FastenalIsThere and
4. Wednesday: Wish list Wednesday! What the customers are specifically looking for (their
desires) what can Fastenal as your distributor does better to cater to you (the customers). This
is about the one-on-one feedback. Making sure our customer service stays close and personal
that way making every customer a priority.
Ex: Customer and distributor direct communication. “How can we assist you” They are talking
to a real person and not a robot. Makes them feel important and gives them that reliability and
personable factor.
5. Thursday: Thirsty Thursday! Post something about Fastenal for the customers who thirst to
know more about the company.
Put the message on what looks like a Fastenal Water Bottle.
21. Ex: Take the opportunity to educate customers on the company and reliability of
Fastenal. The more a customer trusts you, the more likely they will use you and refer
others.
6. Friday: TGIF: Thank Goodness its Fastenal! Talk about one of the many services that
Fastenal provides for their customers (especially ones that would help General Contractors)
Ex: Like their contractors that require kitted parts (which Fastenal offers) Fastenal can do
the pre-packaging for you, allowing contractors to free up time, labor resources, and
production space.
7. Saturday: See Us Saturday: Tell about the sponsors and collaborations where their
advertisement may be seen
Ex: Look for us at the Longview Football Game
Goals
Increased brand awareness
Increased customer base
Increased sales
Increased company goodwill
22. Appendix
Press Release
Cooper Terry For Immediate Release February 2015
Fastenal Inc.
903-753-4458
cterry@fastenal.com
Fastenal Inc. Celebrates Their Community Outreach Program
Little league baseball, golf tournament, and fishing competition help gain notice.
East Texas district: Today, Fastenal, a one of a kind hardware service company specializing in
contracting consumer goods, announced that they have started a community outreach to give
back to their community as well as promoting their brand. After many contractors for the
company talked about what activities they enjoy on the weekend, the company decided to put
together its first fishing tournament, and golf tournament. The fishing tournament will be co-
sponsored by Bud Light, providing food and beverages, with Fastenal using its hardware to put
up the stands and tents for the events.
Fastenal will also be sponsoring a little league baseball team with uniforms, bat bags and dug out
banners. By getting contractors, families, and the community involved, Fastenal will continue to
spread the company’s good will as well as promote their continued excellence in service.
To gain this community outreach, Fastenal planned and executed the following tactics:
Allowed $500 to sponsor Longview Little League baseball as noted in media budget.
Allowed $500 to sponsor Lufkin Little League Baseball as noted in media budget.
Allowed $500 to co-sponsor golf tournament as noted in media budget.
Allowed $1,500 to hire a social media intern to promote little league baseball events,
fishing and golf tournament, and continue to service Fastenal’s customer at the highest
level possible, as noted in media budget.
Allowed $140 in Direct mail with partial flyers promoting fishing and golf tournament
and little league baseball games and schedule.
About Fastenal Inc: Fastenal is an American company based in Winona, Minnesota. Distributing
goods used by other businesses, it has over 2,600 branches throughout the US, Canada, Mexico
and Europe along with 13 distribution centers. Fastenal resells industrial, safety, and construction
supplies and offers services including inventory management, manufacturing, and tool repair.
23. Fastenal refers to itself as an industrial supply company, and Reuters calls it an industrial
distributor.
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27. References
1.Hoover’s Company Profile, Westlaw Campus, Fastenal Company Profile,
http://campus.westlaw.com.steenproxy.sfasu.edu:2048/result/default.wl?mt=CampusNew
sBus&origin=Search&tempinfo=HOOVCP-PROF, information received 11/9/2014
2. Hoover’s Company Profile, Westlaw Campus, HD Supply Holdings,
http://campus.westlaw.com.steenproxy.sfasu.edu:2048/result/default.wl?mt=CampusNew
sBus&origin=Search&tempinfo=HOOVCP-PROF, information received 11/9/2014
3. Hoover’s Company Profile, Westlaw Campus, HD Supply Holdings,
http://campus.westlaw.com.steenproxy.sfasu.edu:2048/result/default.wl?rs=WLW14.10&
ssrc=0&qtrcc=QueryTemplate&method=ConcordTemplate&service=Search&db=HOOV
CP-PROF, information received 11/9/2014
4. Forbes, “How Fastenal Wins,” www.forbes.com,
http://www.forbes.com/sites/panosmourdoukoutas/2013/04/10/how-fastenal-wins/,
11/9/2014