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educhain
◇ Case study · Credential platform
EdTechEduchain · EdTech

Educhain needed a growth strategy and university meetings, fast.

Educhain lets universities issue certificates and degrees securely on blockchain. Its buyers were registrars and heads of admissions at forward-thinking universities.

Educhain's founders needed a growth strategy and a team to run it fast. They chose Growth Rhino for its subject knowledge and its outreach setup.

UAE
◇ Snapshot
  1. 50Meetings booked
  2. 12%Response rate
The brief
Build a growth strategy and execute it fast, in three months.
Who they needed to reach
Registrars and heads of admissions at universities.
Market
Canada and United Arab Emirates.
Channels
Cold email.
Timeline
Three months, 2020.
Before
  • Founders who needed a strategy and execution at the same time
  • Three months to book meetings with university buyers
  • A product registrars needed explained to them first
  • A pandemic pushing universities to look at digital credentials
After
  • 50 meetings booked in three months
  • A target list built from university websites, three contacts per account
  • Emails that explained what Educhain does for a registrar
  • 3% of the 1,800 people contacted replied with interest
◇ What they had

What they needed

Registrars had to understand blockchain credentials before they would take a meeting. Educhain had three months to reach them in Canada and the UAE.

◇ Plays · Target Account Pipeline

What we ran

  1. 01

    Building the list and the message

    We built the list from university websites, where registrars publish their contact details. We targeted 500 universities with three contacts at each. The emails explained what Educhain does for a registrar. COVID had universities looking at digital credentials, so the timing helped.

◇ What changed

50 meetings in three months.

Educhain booked 50 meetings with university registrars and heads of admissions in three months in 2020.

The emails earned a 12% response rate across Canada and the UAE in 2020.

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◇ In their words
"The support and expertise of the Growth Rhino team was essential to securing new leads and continuing our exponential growth. This all led to our recent acquisition by a Canadian Private Equity Firm."
Mark Balonev · FounderEduchain
◇ If this is you

Start with a Growth Sprint.

Today we run this as Target Account Pipeline, one of five plays in a 90-day Growth Sprint, with something live by day 14 and a ship report every Friday. Book a call and we will tell you which plays we would test first.