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[SMPS]
Marketing Plan
Muhammad Sabir
Sayed Nasim
Market Summary
A.   PAST         : The demand for smps in lighting was negligible

B. PRESENT           : The demand for smps is inclined upwards

C. FUTURE            : The demand for smps will be very huge since
   the concept of lighting will be totally changed

D.    MARKET SHARE: There is a steep change in market share
     from incandescent to cfl & now to LED

E.   LEADERSHIP :There is no multinational co presence uptill
     now leadership is being distributed among small manufacturers

F.   PLAYERS          : Small Mfg Delhi, Mumbai, Pune, Bangalore
Product Definition

• SMPS A Switched-Mode Power Supply is
  an electronic power supply that incorporates a
  switching regulator to convert electrical
  power efficiently. Like other power supplies,
  an SMPS transfers power from a source,
  like mains power, to a load
Why SMPS ?????
• Not oNly ENErgy SaviNg but alSo !!!!!!!
Global Perspective of Led
Positioning Statement

   SMPS thats “lighting your life”
   And its “The   best of the rest”

   Consumer Promise:
   5 years of exclusive warranty
   on our 2amp & 5amp smps
   “Customer satisfaction throughout life”
Packaging
    Product packaging
•   RETAIL PACK
•   Attractive colorful packaging with individual
    single pc shrinked as for Retail customers
    ECO PACK
•   5 pcs shrink pack for economical buyers at Retail
•   WHOLESALE PACK
•   100 pcs master cartoon pack for Semi
    Wholesale
Launch Strategies
• Launch plan
•   Matching Product Capabilities to Market Needs
•   Clear Positioning and Messaging
•   Setting Clear Launch Goals
•   The Power of Leverage
•   Priming the Pump
•   Timing the Launch to Maximize Sales


                Phase 1
                                        Phase 2
                                                               Phase 3



    Jan   Feb    Mar      Apr   May   Jun   July   Sep   Oct     Nov     Dec
Public Relations
• PR Plan:
•   Overview
•   Goals
•   Strategies
•   Target audiences
•   Key target media
•   Recommendations
•   Next steps
Public Relations
• PR strategies:
• Knowing market
• Identifying the product benefits relevant to
  market
• Establish product as unique
• Source and use testimonials
• Targeting the media used by our target market
• Preparing press release to be printed as is
• Selling release
• Follow up.
• Keep in contact.
• Use a photograph
Other Promotion
• Direct marketing: Personal basis & Mass Media
    Basis
•   PERSONAL BASIS-
     a) Phone calls b) Direct Mailing c) Sms d) Other social
    media
•   MASS MEDIA BASIS- By giving Ads in
    a) Electricals Merchants Associations Magazine
    b) Architects Association Monthly Magazines
    c) Interior Designer s Weekly Magazine etc
•   Overview of strategy
•   Overview of response targets, goals & budget
•   Third-party marketing: By appointing “Third party Marketer”
•   Think “manufacturer’s representative” – a person with specialized
    industry or product experience, with deep roots in a given industry,
    hired by a manufacturer to sell its goods.
•   Third party marketers leverage their industry knowledge, contacts, and
    marketing and sales acumen on behalf of a limited roster of clients.
Pricing
  Pricing: Pricing of SMPS is summarized
  according to these three types of pricing strategie

• Penetration pricing :Shall be used only in
  Wholesale & semi wholesale market

• Price discrimination :Shall be used for Direct
  Marketing only ie. Marketing on….
  a)personal basis
  b) Mass Media basis

• Psychological pricing: keeping price say
  Rs199.99/-
Distribution
• Channels of distribution:
a.   Wholesale
b.   Semi wholesale
c.   Retail
d.   Direct Marketing
e.   Third Party Marketing
Distribution channels by pie chart:
Vertical Markets/Segments
• Vertical market opportunities
   There is a very high scope in
a. Event Management Decorators
b. Mandap Decorators
c. Led fixture manufacturing company's
d. Solar Energy solution providers
e. Led Strip light Importers
f. CCTV camera solution providers
    – Address distribution strategies for those markets or
      segments
    – Address use of third-party partner role in distribution to
      vertical markets
Supply & Value Chain -Products
                                  Grant Road
                                   Grant Road


             Warehouse
              Warehouse
             (Bhiwandi
              (Bhiwandi




                                                   Dealers
                                                   Dealers         Retailers
                                                                   Retailers     End user



             Warehouse
             Warehouse
              (Panvel)
               (Panvel)




Based in   Products             Distributed to   Distributed to   Promotions,    Demo Trials
Bhiwandi   Imported from        Selected Key     Dealers in Key   marketing
           China                Markets          Markets          campaigns


                  Indicative Pricing Structure & Margins (Base 100)

INR: 100   INR: 110             INR: 198         INR: 158         INR: 182       INR: 200
                                                 ( 20%            (15% Margin)   (End User
                                                 Discount)                       Price)
Success Metrics
•    First year goals
a.   Organizing office
b.   Set up a customer relationship management system
c.   Making business planning part of daily or weekly routine
d.   Delegate more
e.   Making marketing business more consistent
f.    Adding social media to marketing plan
g.   Cleaning up website
h.   Streamlining business
i.   Automate and building systems
j.   Learning something new
Measures of success/failure
      We use Quick books to view cash flow, revenues, expenses, and net profit and compare
     those number to the previous year’s. In essence we try to beat last year’s numbers and,
     in my mind, that is a true indication of success, at any given moment in the business’
     present state
•    Requirements for success
•    Customer Satisfaction Score
•    Employee Satisfaction Score
•    Productivity
•    Cost to Acquire Customers (CAC).
•    Lifetime Value of a Customer (LTV).
•    Churn rate
Schedule
• 18-month schedule highlights
• Timing
  – Isolate timing dependencies critical to
    success
        Task 1
                  Task 2

                                         Milestone
                                              Task 3
                                                              Task 4



  Jan    Feb     Mar   Apr   May   Jun     July   Sep   Oct    Nov     Dec

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Business plan for smps marketing

  • 2. Market Summary A. PAST : The demand for smps in lighting was negligible B. PRESENT : The demand for smps is inclined upwards C. FUTURE : The demand for smps will be very huge since the concept of lighting will be totally changed D. MARKET SHARE: There is a steep change in market share from incandescent to cfl & now to LED E. LEADERSHIP :There is no multinational co presence uptill now leadership is being distributed among small manufacturers F. PLAYERS : Small Mfg Delhi, Mumbai, Pune, Bangalore
  • 3. Product Definition • SMPS A Switched-Mode Power Supply is an electronic power supply that incorporates a switching regulator to convert electrical power efficiently. Like other power supplies, an SMPS transfers power from a source, like mains power, to a load
  • 4. Why SMPS ????? • Not oNly ENErgy SaviNg but alSo !!!!!!!
  • 6. Positioning Statement SMPS thats “lighting your life” And its “The best of the rest” Consumer Promise: 5 years of exclusive warranty on our 2amp & 5amp smps “Customer satisfaction throughout life”
  • 7. Packaging Product packaging • RETAIL PACK • Attractive colorful packaging with individual single pc shrinked as for Retail customers ECO PACK • 5 pcs shrink pack for economical buyers at Retail • WHOLESALE PACK • 100 pcs master cartoon pack for Semi Wholesale
  • 8. Launch Strategies • Launch plan • Matching Product Capabilities to Market Needs • Clear Positioning and Messaging • Setting Clear Launch Goals • The Power of Leverage • Priming the Pump • Timing the Launch to Maximize Sales Phase 1 Phase 2 Phase 3 Jan Feb Mar Apr May Jun July Sep Oct Nov Dec
  • 9. Public Relations • PR Plan: • Overview • Goals • Strategies • Target audiences • Key target media • Recommendations • Next steps
  • 10. Public Relations • PR strategies: • Knowing market • Identifying the product benefits relevant to market • Establish product as unique • Source and use testimonials • Targeting the media used by our target market • Preparing press release to be printed as is • Selling release • Follow up. • Keep in contact. • Use a photograph
  • 11. Other Promotion • Direct marketing: Personal basis & Mass Media Basis • PERSONAL BASIS- a) Phone calls b) Direct Mailing c) Sms d) Other social media • MASS MEDIA BASIS- By giving Ads in a) Electricals Merchants Associations Magazine b) Architects Association Monthly Magazines c) Interior Designer s Weekly Magazine etc • Overview of strategy • Overview of response targets, goals & budget • Third-party marketing: By appointing “Third party Marketer” • Think “manufacturer’s representative” – a person with specialized industry or product experience, with deep roots in a given industry, hired by a manufacturer to sell its goods. • Third party marketers leverage their industry knowledge, contacts, and marketing and sales acumen on behalf of a limited roster of clients.
  • 12. Pricing Pricing: Pricing of SMPS is summarized according to these three types of pricing strategie • Penetration pricing :Shall be used only in Wholesale & semi wholesale market • Price discrimination :Shall be used for Direct Marketing only ie. Marketing on…. a)personal basis b) Mass Media basis • Psychological pricing: keeping price say Rs199.99/-
  • 13. Distribution • Channels of distribution: a. Wholesale b. Semi wholesale c. Retail d. Direct Marketing e. Third Party Marketing Distribution channels by pie chart:
  • 14. Vertical Markets/Segments • Vertical market opportunities There is a very high scope in a. Event Management Decorators b. Mandap Decorators c. Led fixture manufacturing company's d. Solar Energy solution providers e. Led Strip light Importers f. CCTV camera solution providers – Address distribution strategies for those markets or segments – Address use of third-party partner role in distribution to vertical markets
  • 15. Supply & Value Chain -Products Grant Road Grant Road Warehouse Warehouse (Bhiwandi (Bhiwandi Dealers Dealers Retailers Retailers End user Warehouse Warehouse (Panvel) (Panvel) Based in Products Distributed to Distributed to Promotions, Demo Trials Bhiwandi Imported from Selected Key Dealers in Key marketing China Markets Markets campaigns Indicative Pricing Structure & Margins (Base 100) INR: 100 INR: 110 INR: 198 INR: 158 INR: 182 INR: 200 ( 20% (15% Margin) (End User Discount) Price)
  • 16. Success Metrics • First year goals a. Organizing office b. Set up a customer relationship management system c. Making business planning part of daily or weekly routine d. Delegate more e. Making marketing business more consistent f. Adding social media to marketing plan g. Cleaning up website h. Streamlining business i. Automate and building systems j. Learning something new Measures of success/failure We use Quick books to view cash flow, revenues, expenses, and net profit and compare those number to the previous year’s. In essence we try to beat last year’s numbers and, in my mind, that is a true indication of success, at any given moment in the business’ present state • Requirements for success • Customer Satisfaction Score • Employee Satisfaction Score • Productivity • Cost to Acquire Customers (CAC). • Lifetime Value of a Customer (LTV). • Churn rate
  • 17. Schedule • 18-month schedule highlights • Timing – Isolate timing dependencies critical to success Task 1 Task 2 Milestone Task 3 Task 4 Jan Feb Mar Apr May Jun July Sep Oct Nov Dec