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Marketing Plan: Solar Shades
Iris Chan
Jackie Hing-Pacheco
Vianae Jarrell
Josh Johnson
Akshay Patel
Jessica Redmond
(“Impossible to”)
Concept Sketch
Strengths Weaknesses
Opportunities
❖ Innovative
❖ Sustainable
❖ Convenient and Portable
❖ Practical and Functional
❖ Resources and Connections
❖ Group Diversity
❖ Shallow skill base in solar
energy and eyewear
❖ Weather limit
❖ Technological health hazards
❖ Prototype creation
❖ Balancing multiple industries
❖ Expanding product line
❖ Wearable technology
❖ Eco-friendly
❖ Able to heighten concerns for
eye health
❖ Plano sunglass industry growth
❖ Falling stocks on solar
companies
❖ Difficulty in finding
manufacturer
❖ Consumers not understanding
the need
Threats
Target Market
(“Four Lakes”)
(“Cerro Castillo”)
Importance of Attributes for Ages 18-29
Actual Product
Quality Level: Stylish, durable, and
made with high-quality material
Features: Solar technology in the
lenses and battery storage on the side
with a USB port to charge small
electronics
Packaging: Complimentary leather
case included with purchase
Associated Services
Product Warranty: 18-month warranty
with free repair and product
replacement
Product Support: A customer help line
with technical support to answer
questions or provide assistance to the
customers
Distribution
Strategy
Expectations for Advertisement for Ages 18-29
Push Strategy
Pull Strategy
Financials
Year One Year Two
Sales and Revenue
Budgeted Sales (100%) $5,508,000 5,621,300
Cash (25%) $1,377,000 $1,405,325
Accounts Receivable (75%) $4,131,000 $4,215,975
Number of Units Sold ($100/unit) 55,080 56,213
Number of Units Given Away 550 500
Total Revenue $5,508,000 $5,621,300
Expenses
Operating Expense (65%) $3,580,200 $3,653,845
Cost of Goods Sold $3,580,200 $3,653,845
Other Operating Expenses $1,577,618 $1,593,742
Advertising Expense (2.1%) $115,668 $118,047
Cost of Goods Given Away $35,750 $32,500
Salaries $600,000 $600,000
Other (15%) $826,200 $843,195
Total Expenses $5,157,818 $5,247,587
Net Income $350,182 $373,713
CIGS
Technology

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Marketing plan solar shades

  • 1. Marketing Plan: Solar Shades Iris Chan Jackie Hing-Pacheco Vianae Jarrell Josh Johnson Akshay Patel Jessica Redmond
  • 3.
  • 4.
  • 5.
  • 7. Strengths Weaknesses Opportunities ❖ Innovative ❖ Sustainable ❖ Convenient and Portable ❖ Practical and Functional ❖ Resources and Connections ❖ Group Diversity ❖ Shallow skill base in solar energy and eyewear ❖ Weather limit ❖ Technological health hazards ❖ Prototype creation ❖ Balancing multiple industries ❖ Expanding product line ❖ Wearable technology ❖ Eco-friendly ❖ Able to heighten concerns for eye health ❖ Plano sunglass industry growth ❖ Falling stocks on solar companies ❖ Difficulty in finding manufacturer ❖ Consumers not understanding the need Threats
  • 9. Importance of Attributes for Ages 18-29
  • 10.
  • 11. Actual Product Quality Level: Stylish, durable, and made with high-quality material Features: Solar technology in the lenses and battery storage on the side with a USB port to charge small electronics Packaging: Complimentary leather case included with purchase Associated Services Product Warranty: 18-month warranty with free repair and product replacement Product Support: A customer help line with technical support to answer questions or provide assistance to the customers
  • 16. Financials Year One Year Two Sales and Revenue Budgeted Sales (100%) $5,508,000 5,621,300 Cash (25%) $1,377,000 $1,405,325 Accounts Receivable (75%) $4,131,000 $4,215,975 Number of Units Sold ($100/unit) 55,080 56,213 Number of Units Given Away 550 500 Total Revenue $5,508,000 $5,621,300 Expenses Operating Expense (65%) $3,580,200 $3,653,845 Cost of Goods Sold $3,580,200 $3,653,845 Other Operating Expenses $1,577,618 $1,593,742 Advertising Expense (2.1%) $115,668 $118,047 Cost of Goods Given Away $35,750 $32,500 Salaries $600,000 $600,000 Other (15%) $826,200 $843,195 Total Expenses $5,157,818 $5,247,587 Net Income $350,182 $373,713
  • 17.
  • 18.

Editor's Notes

  1. “Imagine this…” scenario
  2. The problem - your phone dies and you’re not near an outlet to charge it
  3. Introducing Solar Shades…
  4. SWOT - Address Strengths & Opportunities
  5. Target Market - Male & Female Millennials aged 18-29, located in sunny areas in U.S., and view themselves as adventurous and stylish
  6. Segment Statistic
  7. Positioning Map - Similar price range as Oakleys, but Solar Shades differentiates itself based on the added value it has
  8. Product Strategy
  9. Distribution
  10. Promotion
  11. Promotion