media plan recommendation for solar energy company
DESCRIPTION
Final exam project for marketing concentration course "Business to Business Marketing". Project included the analysis of solar energy industry, ABX Boston Convention, trade shows as a means of marketing and any alternative marketing methods necessary.TRANSCRIPT
GLAZER CONSULTING LLC.ACCOUNT MANAGER, ALEXANDRA GLAZER
2013 Media Plan Recommendation
Project Overview
Glazer Consulting LLC. has been hired by Solar Energy Industries Association (SEIA) to determine if the company should participate in the 2013 Abx Convention and develop a corresponding media plan for said tradeshow or alternative media tactic.
Company Background
“The Voice of the Industry”Member Company that does research,
manufacture, distribute, finance and build solar projects domestically and abroad
Advocating to make solar energy more mainstream through various methods
Providing solar energy focused companies with the resources and connections to progress this movement forward
Agenda
• Methods of Analysis
• Solar Energy Industry Overview
• Abx Convention Overview
• Key Findings/Implications
• Media Plan Tactics/Rationale• Recommendations/Rationale
Methods of Analysis
Quantitative Research on solar energy industry General trade show knowledge
Qualitative Feedback from Abx booth representatives Observing Abx Convention
Solar Energy Industry Overview
Steady growth, Q2 2012 was best quarter in history for market size growth
Projected industry estimate between $46.3 billion to $96.8 billion by 2014
Low awareness, newer concept for most people Market on long-term benefits
Pros Cons
No pollutionEasy InstallationAccess to energy in
remote locationsLong term benefits
Initially expensiveWeather conditions
can alter successPanels require a lot
of energy to produce
Solar Energy Industry Basics
Abx Convention Overview
“ArchitectureBoston Expo (ABX) is one of the largest events for the design and construction industry in the country, and the largest regional conference and tradeshow. Drawing 95% of its attendance from New England, ABX’s regional status is its greatest strength.” (ABX Website)
Large variety of booths: all aspects of the industry, from big picture construction companies down to smaller details of architecture, such as tiling manufacturers
Simple booths, few large displaysGo Green! trend
One solar energy company: RevoluSunEngaged audience
Not much wandering- planned which booths they would be visiting
Feedback from Abx Booths
“I was surprised that there were not more booths on solar energy at the Abx Expo”
–Triumph Representative
“Because solar energy is a new idea, personal interaction is important”
– Revolusun Representative
“[At trade shows] bigger concepts do better” – Daltile Representative
RevoluSun: Abx Booth
Marketing Techniques: Catchy/Relevant
Branding Built in solar education
to website Less intimidating
presentation of information
Attend trade show to educate & also for networking opportunities
“Boston is a big market”
Key Findings
Interested Audience
Unfamiliar Subject Matter
Untapped Market in Boston
Interested AudienceUnfamiliar Subject Matter
ABX attendees are interested in seeing and learning more about green solutions especially solar energy
Implication: Opportunity to educate engaged audience
Little existing knowledge
Difficult to understand on a deeper level
Customers need push to break normal habits & adopt alternatives
Implication: Need added value to be more explicit, will need to answer a lot of questions/concerns
Key Findings
Unfamiliar Subject Matter
Close, if not actually in the chasm, want to penetrate the early majority and get them on board
Goal is to make solar energy “the norm”
Untapped Boston Market
The market in Boston for solar energy solutions is emerging
High interest but still relatively low penetration
Massachusetts ranks #12 on the State Rankings by Cumulative Installed Solar Electric Capacity (Q2, 2012)
Media Plan Tactics
Trade Show/Convention (Abx 2013)
Tactic Rationale:Trade shows are all about the sales lead which is what the solar energy movement needs to move further, more customers. Because there is already a defined target market, sales representatives won’t be wasting their time but rather further developing relationships. Trade shows provide the opportunity for deeper interaction which is necessary when dealing with such a less familiar topic.
Partnerships with Emerging Solar Based Technology Products
Tactic Rationale: While Abx is a great place to target a defined audience, solar energy is much more than just these industry specific individuals. The ultimate goal is to make solar energy solutions the option for everyone and all businesses, thus integrating a plan where multiple markets are targeted is necessary. By associating themselves with cutting edge solar technologies, they can take advantage of the existing buzz to further educate new audiences on solar energy.
Trade Shows Background
Industry specific exhibition where companies have individual booths to showcase their products/services
83% of trade show visitors are “buying influencers”Ability to demonstrate new products that could be hard
to understand without seeing/asking questionsHigh Target Market Coverage: advertise directly to the
defined target marketHigh Effectiveness of messages: key buying individuals
are at the show, message getting to the right people
Personal Selling
Hands on Experienc
e
Cost Effectiv
e
Defined Audienc
e
Additional
Marketing
Qualified Leads
Recommendations
Trade ShowsFocus on
interactive
education booth
with incentive
s
Master booth with
smaller company stations
Partner with Solar Based
ProductsGenerate high awareness on solar energy
solutions through buzz on cutting
edge solar products
Trade Show: Focus on Education
Solar energy is still a new idea and people need to be educated in order to want to adopt
Education based booth allows for interactive experienceHave quizzes/games to test existing knowledge of solar
energy, thus giving more customized conversation (no repeated information)
Incentives: Contest or discount for future clients
Rationale: Allows for questions & comprehensive information Some people need to be “sold”, one-on-one contact No existing booths focusing on education; Opportunity to enter
niche market
Trade Show: SEIA Booth with Company Stations
The well recognized name SEIA will attract people to the extravagant booth, while helping other small companies get foot traffic to their stations Small companies still support larger cause, everyone counts
Booth would be about the association and the way that the organization works, various companies would have displays and representatives within the master booth
Rationale:People are still learning about how solar energy works but
through the specific ways difficult companies contribute. This would also demonstrate how SEIA works by using their resources and helping to establish connections for the bigger picture, (switch to solar energy)
Booth Set Up Design
Features:Booth master
brand is SEIAInteractive
education barInformational
videosMultiple
company stations
Sample SEIA Booth Design
Partner with Cutting Edge Solar Based Products
Take advantage of product launch buzz/general excitement over new “cool” technology
Use product launch as an opportunity to further educate consumers on solar energy movement
Rationale: Access to many new markets of potential solar
energy users, an opportunity to further educate engaged audience, brand awareness for SEIA
Partnership Example: PowerPad
Testing/opening new markets
Easily ships international
Concerts, festivals, sports events, etc. – so many new venues for SEIA to educate
SEIA representative can travel with PowerPad
Works Cited
http://www.seia.org/research-resources/solar-industry-data
http://blog.helblingsearch.com/index.php/2011/07/07/helblings-renewable-energy-series-part-v-solar/
http://www.triumphmodular.com/powerPAD.php