Professional Documents
Culture Documents
Executive summary
SHINE LED LIGHTS
Making India
brighter
Introduction
Our product meets customer needs for energy
efficient and environmentally friendly overhead lighting .With
energy prices increasing and an increased interest in
sustainability, a market for high efficiency, environmentally
friendly lighting has been created. This need can now be cost
effectively met with LED lighting technology because of recent
advances in LED manufacturing techniques.
LED lighting technology has numerous advantages over
fluorescent lighting, the current industry standard. It is twice as
energy efficient, has a 50% longer lifetime, has less maintenance
requirements, uses no mercury, and contributes to reduced
climate control costs.
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While this product is significantly more expensive up front than
fluorescent lighting, the many advantages of the product cause it
to actually save the customer money over the long term. In fact,
it too has in cost savings over 3 years for the average retail store.
In addition to the cost savings, there are huge intangible benefits
as well.
The LED lights are high quality and customized to meet the
customers aesthetic needs. The Led lights are designed for cost
savings, efficiency, and longer life.
Benefits of LEDs:
High Efficiency, Longer Lifetime,
Environmentally Friendly, Safer Materials
Market summary
TARGET MARKETS
SHINE LEDs
Offers elements: shine light providing offers to a customer buy
way of a customer purchase large quantity of products giving
discounts ,cash price ,gift vouchers etc
Testing elements:
It is great advantages of elements of direct marketing is the
ability to test under real market place conditions, different
elements offer strategy such as products features copy platform
mailer type envelop prices mailings lists.
Catalog marketing:
To providing a customers to an catalogue list
products, feathers ,price list ,differentiate various products price
list and also providing facilities e-catalogue, DVDs and specialty of
consumers catalogues
SHINE LEDs
Direct marketers use all the major in media
.newspapers and magazines carry ads offering books ,clothing
appliances vacations and other goods and services that individual
can order via toll free numbers .radio ads present offers search
ads 24 hours a day Interactive marketing communication options
Display Ads : shine lights provide ads display ads banner ads
are small ,rectangular boxes containing text and perhaps a
pictures that companies pay to place on relevant web sites .larger
audience .higher the cost .some banners are accepted on a barter
basis.
Mobile marketing :
Market demographics
Geographic factors:
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We are targeting area that is first Dharwad afterwards in all over Karanatak with
good quality and service to the customer. But we are not expanding our business to
world because of lack of support.
DEMOGRAPHIC FACTOR:
In demographic factor, we decide the market on variable such as age,
family size, family life cycle, gender, income, occupation, education, religion, race,
generation, nationality and social class. One thing demographic variables are so
popular with marketers is that theyre often associated with consumer needs and
wants. Another is that theyre easy to measure. Even when we describe the target
market in non-demographic terms, we may need the link back to demographic
characteristics in order to estimate the size of the market and the media we should
use to reach it efficiently.
MARKET NEEDS:
The following are the major needs of the three major customer
segments they are
Individuals, households, government, we are trying to fulfill
customer needs with better quality and price.
1. Households.
2. Individuals.
3. Institutes.
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MARKET TREND:
LED lighting is comparatively a new technology with respect to
other conventional lighting sources. Hence, consumers are yet to understand the
benefits of LED lighting and adopt it. However, many are adopting it as they this
technology can change their way of living.
Although the use of LED lighting in domestic applications is picking up slowly,
and may take some more time, it has already started finding its applications in the
commercial, retail, industrial, infrastructure and real estate sectors. Therefore, the
buying trend in LED lighting markets in India is picking up in the metropolitan
cities more than tier II and III cities.
MARKET GROWTH:
The growth of LED lights in the market now a days it increasing. According to
industry experts, the global LED market is experiencing rapid growth across
several applications and will continue to grow throughout the next decade. In
response to this growth, the demand for high-reliability circuit protection
technologies will continue to increase. Circuit protection is needed to safeguard
sensitive LED electronics and circuits from electrical threats and meet industry
standards for safety and reliability. This technology also prevents LED lighting
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from experiencing failures within an investment payback period of five years.
Fuses, varsities, surge protection modules and TVS diodes are designed to protect
LED applications and maximize the lighting investment.
SWOT Analysis:
The following SWOT analysis captures the key
strengths and weakness of SHINE LED LIGHTS and indentifies the
opportunities and threats facing it.
Strengths:
Weaknesses:
Low production.
Low capital investment.
Opportunities:
Boost LED lighting applications across the country expand
our production capacity to meet the demand that is
expected to increase significantly.
Growing the market shares of led light company present and
in future trend.
Good response from the government like subsidies
Threats:
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Strong competitors in the market place.
The tendency to look at technology, brand and evaluation of
quality by many potential customers.
As We are beginners in the market so at the initial stage can
cover production cost than the profit
COMPETITION:
As the technology is getting better there are different
companies getting into lighting business. Our competitors are the
leading companies in the lighting business which have a great
hold on the current market shares. The leading companies such
as TOP BRAND OF LED LIGHTS IN INDIA Phillips, SYSKA,
HAVELLS, WIPRO, BAJAJ, ORIENT, OREVA, SURYA and EVEREADY.
Product/Services offerings:
The following are the products that are produced by Shine Led
Company.
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long-lasting that homes and businesses can get return on
their investment usually within 1 year of installation!
Guarantee: 1 Year for Bulbs 100% replacement if product is
defective.
Life Hours: 20000 hrs.
Critical issues:
Bringing out new innovation in the marketing strategies.
Controlling of cost of production so that to produce better
and cost effective lights.
Managing the marketing channels will be an issue to be
handled.
Marketing Strategy:
The key marketing strategy focus on individuals and household
group within a limited geographical area and the emphasis on
customer intimacy, responsiveness, and affordability.
MISSION:
Making India brighter for many years, light meant brightness
nothing more. New technologies, new products and the rapid pace
of development have changed all that. This inspires us to make it
an opportunity in making the India an energy saving country.
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MARKETING OBJECTIVES:
To establish our LED business in India.
Maximizing profit by more sales with attractive marketing
approaches.
Become one of the leading company in the lighting business
in next 5 year.
FINANCIAL OBJECTIVES:
Making a profit of 15% on the capital invested and make the
company organized one.
Become a zero debt organization.
Making Retained Earnings of 1 crore rupees till the end of 5
years.
TARGET MARKETS:
Shine Led will make its product innovative and provide services
which make the customer is happy about our project and services.
We will establish website where we can contact the customer and
get feedback from the customer and improve the product and
service
Households
Colleges / institutes
Government offices
POSITIONING:
Shine Led will make its name as recognized company in the Indian
market by establishing:
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Quality product.
Dependable services.
Innovative company.
STRATEGIES:
We will focus on developing customized relevant, and affordable
product quality providing for our customer. It will promote social
awareness about our product by providing better quality service
to the customer.
MARKETING PROGRAM:
Pricing: shine led will offer superior, value based affordable
pricing to the customer.
MARKETING RESEARCH
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Shine Led will make its product innovative and provide services
which make the customer is happy about our project and services.
We will establish website where we can contact the customer and
get feedback from the customer and improve the product and
service.
FINANCIALS:
Shine led plans to invest about 50 lakhs in land , building and
other accessories. This will funded by partners contributions and
loans from other financials institutions, initial working capital of Rs
10 lakhs and it is also provided by promoters. The operating
margin will help in paying the installments and interest on the
loan with a very small surplus after depreciation in the initial two
year .
Control:
The following areas will be monitored very closely by Shine led
lights.
Implementation:
Plan implementation will be based on a activity-wise execution
schedule, specifying key activities, responsibility, and budgeting,
wherever required.
Marketing Organization:
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All the partners will be responsible for the marketing activities,
and it is supported by all partners of our company and including
employees.
Contingency planning:
Difficulties and Risks
Delay in payment from customers resulting in ratio analysis
problem.
Delay in project execution.
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Introduction
Our product meets customer needs for energy efficient and
environmentally friendly overhead lighting. With energy prices
increasing and an increased interest in sustainability, a market for
high efficiency, environmentally friendly lighting has been
created. This need can now be cost effectively met with LED
lighting technology because of recent advances in LED
manufacturing techniques.
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While this product is significantly more expensive up front than
fluorescent lighting, the many advantages of the product cause it
to actually save the customer money over the long term. In fact,
it too has in cost savings over 3 years for the average retail store.
In addition to the cost savings, there are huge intangible benefits
as well.
The LED lights are high quality and customized to meet the
customers aesthetic needs. The Led lights are designed for cost
savings, efficiency, and longer life.
Benefits of LEDs
High Efficiency
The primary benefit LED products bring to customers is that they
are much more efficient. A typical T8 fluorescent bulb requires 45
watts to operate, whereas LED tubes consume only 17 watts to
produce the same amount of light. This cuts lighting costs by
60%, generating value and paying back the bulb in less than two
years. Another effect of higher efficiency is that ambient heat
from the light source is decreased.
Longer Lifetime
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The average fluorescent bulb will burn out in less than two
years. However, LEDs do not burn out like traditional bulbs.
Instead, their lumen output is slowly reduced over time. The LED
tubes will last up to six years, but will only produce 40% of their
original output at the end of their life. After three years, the tubes
will maintain 70% of their output, so we would recommend that
our customers replace them every three years. The longer
lifetime of LEDs reduces maintenance costs, downtime, and
material wastes.
Environmentally Friendly
Simply because they are more efficient, LEDs cut
down on carbon emissions by consuming less electricity. Another
reason why solid-state lighting is better for the environment is
that it eliminates dangerous waste products.
Fluorescent bulbs contain mercury and lead, which generates
toxic waste when they break or are thrown away. Mercury and
lead waste takes a long time to recycle or dispose of, making this
one of the worlds largest environmental issues. LEDs contain no
mercury or lead, removing this impact on the environment.
Safer Materials
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Fluorescent bulbs are fragile and contain mercury gases
that are toxic to breathe in. LED tubes not only eliminate mercury
gas, but are manufactured from an impact-resistant plastic,
making them much safer for anybody who has to handle them.
LEDs lighting is able to absorb larger variances in
voltages before being adversely affected. Rather than shattering,
LEDs slowly dim out without causing any physical damage.
Competition framework
If LEDs are so promising, why are they not yet installed in every
house, skyscraper and city street? Like any new technology, LEDs
need to overcome a number of barriers before they become main
stream.
BARRIERS
Up-front cost
LEDs are already economically attractive in many settings, such
as outdoor environments where energy or maintenance costs are
high. But they face a particular economic disadvantage in their
high up-front costs. At a time of serious financial constraints, this
can limit LED sales even in settings where the long-term
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economic
and
social
benefits
clearly
outweigh
the
costs.
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year 2021 the LED technology will penetrate a whopping 57% per
cent of lighting market in India.
TOP BRAND OF LED LIGHTS IN INDIA
1. Phillips
2. SYSKA
3. HAVELLS
4. WIPRO
5. BAJAJ
6. ORIENT
7. OREVA
8. SURYA
9. EVEREADY
10.
MOSER BEAR
Alternate substitute
The following are the alternate product which can replace our
product in the market based on the competition and breakdown
during production crisis.
1. CFL
2. Fluorescent
3. Incandescent
Environmental challenges
Industrial waste
This is one of the important environmental challenge in front of
our industry.
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The manufactured products create, at some point in the
manufacturing process, manufacturing waste. Environmental laws
and good environmental citizenship prohibit the indiscriminate
dumping of manufacturing byproduct, so businesses must decide
how best to dispense with it. Many implement recycling programs
others sell what they can of the waste to other manufacturers
who use it in their own manufacturing processes as raw material.
Either way, the effect is additional cost to the business in man
hours, procedures, equipment and handling all specific to moving
the waste products out of the business.
Emissions:
Manufacturing processes often generate air and/or water
emissions, which include particle or chemical-filled smoke, ash
and particles and chemicals that seep into ground water through
run-off. Environmental protection laws require businesses to
protect the environment from exposure to these emissions.
Remedial processinclude placing screens of specified gauges over
smoke stacks, filtration of waste water and lining of retention
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ponds with clay and polylines. New regulations are implemented
frequently that require retrofitting of manufacturing facilities with
increased protections, such as screens of even finer gauges and
pond liners of newer and safer materials. All of these measures
are costly to business and affect businesses first by decreasing
profit margins.
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breakdown of revenues along product lines and by market
segments.
An analyst will make estimates based on multiple data points and
base a forecast on the assumptions about forces that change the
market. This makes forecasting an art as much as a science.
Therefore, it should not be a surprise there are as many forecasts
as the number of analysts.
Confidence in a forecast depends on the reputation and track
record of the analyst, the methodology of forecasting and the
logical consistency which is in harmony with previous market
experience. Since there is always limited visibility to predict
market movements, forecasts have to be updated as changes
become visible.
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The ban of the incandescent bulb is one of the policy instruments
used for hastening energy efficient lighting technology adoption.
But there is a large base of sockets that will need to be replaced
with more efficient lighting sources.
Part of the market for incandescent lighting will move to CFL,
especially for ambient lighting applications. But in the case of
directional lighting, LED replacement lamps offer substantial
energy savings and have no competition in terms of
controllability, dim ability and a choice of color temperatures that
can fit in form factors compatible with the existing base of
sockets. Today the cost of LED replacement lamps is high because
they are not mass manufactured; thus, there is a high potential to
reduce the cost of manufacturing over time.
Strategies Unlimited offers a market forecast of the replacement
lamp market in its latest report, LED Replacement Lamp Market
Analysis and Forecast, while the LED fixture market has been
analyzed in LED Lighting Fixtures Market Analysis and Forecast
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STRATEGICALLY SPEAKING: Insights Into the LEDs &
Lighting Marketplace.
SHINE LEDs
Strategies Unlimited has been analyzing LED markets for 15 years
and thus has a good understanding of the LED industry, including
applications, technology and market drivers. However, the
adoption of LEDs in the lighting market has few precedents.
Historically, the lighting market has seen the emergence of many
new technologies. But the circumstances around those
introductions were different than what we see in the market
today.
The transition from oil/lamps to wax candles,
to gas lamps and then to electric lamps is a continuous
progression in the efficacy of conversion of energy to photons.
(Even with these advances in lighting in the developed countries,
there is a large part of the world without access to electricity that
to this day uses fuel-based lighting.) Lighting technologies once
discovered take time to find a product design which optimizes
photon production. Because of their high price, new technologies
are initially adopted in the high-end market first, as an exotic
replacement for existing technologies.
The new technologies typically offer higher
energy efficiencies and/or better quality of light, but initial costs
are high; and form factors are not standardized, which further
increases the initial investment in changing sockets and power
management paraphernalia. The new fixtures cannot initially be
mass produced because the volumes demanded by the market
are too small.
As market demand grows, the cost of production
can be reduced by realizing economies of scale. It is only when
the manufacturing scale increases that the technology achieves
broad adoption. There have been no exceptions to this rule. The
speed of adoption depends on how fast the market realizes the
value of the new technology. If left to the market, technology
adoption processes tend to be slow. The market is not necessarily
a good mechanism for quick technology adoption.
In the case of compact fluorescent technology, the
commercial and industrial sectors and regions with high
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sensitivity to energy costs adopted the new technology quickly,
especially in ambient lighting applications. However, market
intervention techniques both demand pull and supply push
methods had to be employed to get the broader lighting
market to adopt CFLs.
Market forces lining up perfectly
What is the forecast for the LED lighting market?
LEDs have come of age at a time when energy issues are of
paramount importance to all governments around the world.
Energy policies are encouraging technologies that can offer
maximum energy savings and LED technology falls in that
category. Although LEDs dont yet offer efficacies as high as some
of the more efficient fluorescent technologies, the development
trajectory of LED technology suggests that in the long run, it has
the potential to offer better efficacies than any other competing
technology.
The ban of the incandescent bulb is one of the policy
instruments used for hastening energy efficient lighting
technology adoption. But there is a large base of sockets that will
need to be replaced with more efficient lighting sources.
Part of the market for incandescent lighting will move to CFL,
especially for ambient lighting applications. But in the case of
directional lighting, LED replacement lamps offer substantial
energy savings and have no competition in terms of
controllability, dim ability and a choice of color temperatures that
can fit in form factors compatible with the existing base of
sockets.
Today the cost of LED replacement lamps is high
because they are not mass manufactured; thus, there is a high
potential to reduce the cost of manufacturing over time.
On the supply side, LED manufacturers are rapidly
increasing their production capacity for lighting quality LEDs.
Moreover, there are a large number of manufacturers worldwide
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ready to invest in mass manufacturing of LED replacement lamps
and fixtures. Market forces have never lined up so perfectly
before for the adoption of any other lighting technology.
Although the worldwide economic recession is certainly a
hindrance to the near-term adoption of LED lighting, the effect is
only to somewhat slow the rate of adoption, not stop it altogether.
Taking into account the factors outlined above, tempered
somewhat by current economic conditions, Strategies Unilmited is
forecasting a compound annual growth rate (CAGR) of over 100%
for LED replacement lamps in the next five years.
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Customers The target customers are rural villagers currently using
kerosene-based lighting for at least 2-4 hours per day. Over 60%
of Indias population live in rural locations; of these, between
150m and 300m are without access to electricity and rely almost
entirely on Kerosene. Our primary target segment is the Kerosene
Replacer a poor household with no alternative to Kerosene
lighting. However, even those homes with a connection to the
electrical grid suffer from an unreliable supply, with frequent
power outages in evenings and at night. These households, which
often have a higher disposable income, are a secondary target;
we name them Light Upgrader.
In order to further segment the target user group, a geographic
segmentation has been made and target regions identified:
Dharwad and surrounding villages. These regions have lowest
reported levels of electrification in rural homes.
The buyers indicated their number-one purchasing criterion when
selecting new lighting fixtures in up to three applications . Quality
of light, which includes CRI, color temperature, color consistency
and light distribution, ranked the highest for all applications
except residential, where it was out-ranked by purchase price. The
second-highest concern was lifecycle cost/energy efficiency for all
applications except residential.
The LED LIGHT product will provide rural families with a reliable,
safe source of light that exceeds the illumination of existing
kerosene lamps inside the home and when outside in darkness.
The light offers considerable economic savings over kerosene and
a compelling proposition for families connected the unreliable
electrical grid.
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LED in Indias product will be a led powered lamp retailing for
around Rs. 400 The lamp will have a White LED (WLED) luminary.
The end user needs addressed by the product are: ??
More usable light in the home for reading, working and cooking ??
Overcome safety and health concerns of kerosene lighting ??
Durable and reliable in extreme conditions ??
Eliminate reliance on regular kerosene or battery purchases
SHINE LEDs
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between white, green, red, blue, pink, orange or even color
changing light.
Benefits of using LED strip lights instead of fluorescent tubes or
capsule type halogen spot lights include
LED strip lighting uses up to 90% less energy than halogen
and 50% less than fluorescent tubes
LED lights last much longer then halogen or fluorescent
lighting
Our latest LED Strip lights give a strong even spread of light
Our LED light strips are available in full range of white colour
temperatures with no UV light emitted.
The amount of heat created by LED strip lights is minimal
compared to halogen lighting
The super slim design of LED strip lighting means you see
the light, not the fitting
Easy, quick installation of LED strip lighting with self
adhesive backing
Our LED strip lights are also waterproof to IP65 or IP68 and
run off 12V low voltage, making them safer in wet areas.
Huge Energy Savings with our Super Bright LED Floodlights
Reduce your lighting bill by up to 90% when using our LED
floodlights instead of traditional lighting technology. Our LED
floodlights are often used as security lighting, indoor flood
lighting, outdoor sports field lighting in fact anywhere that
requires high power flood effect lighting. We offer a selection of
LED floodlights including 10 watt, 20 watt and 50 watt power
outputs. The added benefit with LED floodlights is longevity,
reducing maintenance costs and the inconvenience of changing
bulbs.
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Opportunities
ECONOMIC OPPORTUNITIES
The global lighting market is forecast to grow 60%
by 2020, reaching US$160 billion in value every year. Much of this
growth will occur as markets for conventional lighting
technologies contract and markets for LEDs expand in their place.
Economies that can win advantages in LED technology now will
capture the bulk of the lighting industry in the future, securing
high-value jobs and building expertise in the semiconductor
industries linked to LEDs.
Already this reality has seen cities; regions and nations enter a
race to strategically invest in LED manufacturing.
The complex value chain for LEDs provides
economic opportunities for countries with a range of different
industry specializations. For example, LEDs are produced through
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semiconductor manufacturing, much of which supports
employment and economic development in Asia. And due to the
wide variety of advanced components, the complex design
processes and the marketing of final products, LEDs offer
significant opportunities for job creation in more developed
economies.
Finally, like any other product that needs to be distributed, sold
and installed, LEDs also support local employment wherever they
are deployed.
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Cultural factor:
Cultural ,subculture and social class particularly important
influences on consumer buying behavior .Shine lights provides to
the people various types of lights pattern like. vastu lights ,street
lights ,house lights, decoration lights according to their culture .
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Life styles and values:
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and medium level on income people are they buys medium
quality etc.
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We sell our lights to the different different organization. Led lights
attract the show room advertisement ,designs lights
SHINE LEDs
providing services to the customers like manufacturer to retailer
to customer .customer are generate the sales revenue and
feedback of the our product so we are facilitate also the service
stations .home lights indoor and out door lights,
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B2o:
Business to organization :
B2o it contents all the obligation of affect on industries
according to government policies to produce a product as
well selling price of the product .government supporting
to the led industries .We sell our products to the
organization also because in india 80% of the people
depending on CFL .so the recent Indian government
encouraging the led lights and various subsidies of given
to the led manufacturers as well as peoples opportunity
to the led industries we are attracting one of the
advantage of our product to sell the large quantity. like
street lights for government markets.
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SHINE LEDs
Depressed suppliers
Small businesses
DEMOGRAPHIC FACTOR:
In demographic factor, we decide the market on
variable such as age, family size, family life cycle, gender,
income, occupation, education, religion, race, generation,
nationality and social class. One thing demographic variables are
so popular with marketers is that theyre often associated with
consumer needs and wants. Another is that theyre easy to
measure. Even when we describe the target market in nondemographic terms, we may need the link back to demographic
characteristics in order to estimate the size of the market and the
media we should use to reach it efficiently.
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PSYCHOGRAPHIC FACTOR:
Psychographic is the science of using psychology and
demographic to better understand consumers. In psychographic
factor, buyers are divided into different group on the basis of
psychological/personality traits, life style or values. People within
the same demographic group can exhibit very different
psychographic profiles.
Consumers tastes will be differ according to their personality.
SHINE LEDs
When the total market expands, the firm usually
gains the most. At standard, we strive to work with our customer,
embrace each unique need and recommend lighting solutions
that respond to these needs. Our goal is to service and strengthen
our customer and to promote efficiency with our line of economic
and energy savings lighting solutions. We also seek to encourage
you to think energy efficiency first when making lighting solution
choices. We work with customers to reduce costs, harmful carbon
emissions and preserve the earth for future generations.
Service
Our customers have come to rely on standard for our
quality lighting products, quick delivery, competitive prices, and
most of all, for our personalized service. We provide that service
through our different departments: sales, marketing, purchasing,
shipping and receiving, and quality control, all structured to work
together to provide prompt. Efficient and courteous service our
customers have come to expect, no matter how big or small the
company, or the request.
Because all our customers are important, satisfaction is standard's
number one priority. Our regional offices are staffed with professionals
who are dedicated to making your experience a pleasant one and help
you find the right solution to your lighting needs. Your needs are our
personal responsibility. At standard we are committed to providing our
customers with the best quality service. Other lighting providers talk
about great customer service at STANDARD, we actually deliver.
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Attention to detail and quality of work, paired with years of industry
experience, make us the perfect choice to partner with to produce the
right lighting solution.
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QUALITY CONTROL
Quality is top of mind at standard. Our customers benefit from our quality
advantage,
which includes: Internal quality control laboratory
Random testing of our suppliers shipments
Technical assistance on job site if issues arise
Close cooperation with our partnering manufacturers to continuously
improve product quality.
Every product shipment that goes into our inventory is thoroughly
inspected to assure meeting specifications. Any item that is not totally up
to specification will be rejected.
TECHNICAL EXPERTISE
In house engineers and sales staff can help solve all lighting challenges.
Our inside and outside sales people undergo extensive technical training
in order to maintain our high level of service to our customers. Keeping
our sales people at the cutting edge of technology enables them to
provide the best lighting solutions responding to your needs. If you have
any questions about lighting we invite you to contact our friendly
customer service staff for a quick and easy to understand response.
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BRAND MANTRA
To further focus the intent of the brand positioning and the
way firms would like consumers to think about the brand, it is
MAKE INDIA BRIGHTER
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Identifying competitors
A good starting point in defining a competitive
frame of reference for brand positioning is to determine category
membershipthe products or sets of products with which a brand
competes and which function as close substitutes. It would seem
a simple task for a company to identify its competitors.
Our competitors are Philips, Bajaj, Havells, syska ,surya
etc. So these are main competitors for our company.
Analyzing competitors
Bajaj Electronics Ltd is one of the oldest business
conglomerates in India Focusing on lighting solutions and
domestic appliances. It is a strong player in the lighting sector.
Products manufactured: Lighting solutions, appliances.
Havells India ltd is a billion dollor electrical equipment
company with its own global LED brands. Product manufactured:
compact fluorescent lamps, LED lights.
Philips India ltd is a subsidiary of royal Philips, which is based
in the Netherlands. With over 120 years of experience, Philips is
among the leaders in the lighting industry product manufacturing:
accent/effect lights, flood lights, led lamps, contour lights, solar
led street lights etc.
Marketing strategy
Marketing Strategy Our strategy for development of
our brand will primarily occur through customer satisfaction and
success stories. A successful product introduction with led
luminaire for example will raise our brand equity significantly
amongst retail buyers. Marketing of the product itself will mostly
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occur through sales calls, referrals, retail industry trade shows,
and advertisements in industry trade publications. Other ideas
include:
Ecofriendly events such as Green Star.
Lighting trade shows
LED fixture design contests such as Next Generation Luminaires.
Competitive Dynamic:
To be a long-term market leader is the goal of any marketer.
Todays challenging marketing circumstances, however, often
dictate that companies reformulate their marketing strategies and
offering several times. Economic conditions change, competitors
launch new assaults, and buyer interest and requirements evolve.
Different market positions can suggest different market
strategies. This helps us examines the role competition play and
how marketer can best manage their brands depending on their
market position and stages of the product life cycle.
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Brand Equity:
Brand equity is the added value endowed on
products and services. It may be reflected in the way consumers
think, feel, and act with respect to the brand, as well as in the
prices, market share, and profitability the brand commands.
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5.Potential product- Which encompasses all the possible augmentation and
transforms the product or offering might undergoing the future. We are
searching for decreasing the size of bulb with new technology and cost
effective.
2. Differentiate products(companies):May products can be differentiate in form of the size shape and
physical structure of product. Or most products can be offered with varying
features that supplement their basic function and identify by surveying
recent buyers and then calculating customers value. And differentiate by
performance quality, conformance quality, durability, style.
PRODUCT CLASSIFICATION:
Marketers classify products on the basis of durability, tangibility, and
use(consumer or industrial).
DURABILITY AND TANGIBILITY products fall into three groups
according to durability and tangibility.
OUR PRODUCT is Durable goods are tangible goods that normally survive
longer life.
Services are intangible, inseparable, variables, and perishable products that
normally require more quality control, supplier credibility, and adaptability.
Design is the totality of features that affect how a product looks, feels and
functions.
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Maximize our profits.
The following are the points which we have considered for
building price for led light:
2) DETERMINING DEMAND
The second objective to be considered while fixing for price is
determining the need for demand of our product in the market.
As the product is existing in the market and it has many
substitutes bulbs such as Philips, havells etc. It is necessary for us
to find out the competitors strength and weakness which act as
opportunity for us to exist in the market.
3) ESTIMATING COSTS
Cost is the most important factor for manufacturing a
product. If the cost of raw materials is high and the price of the
product will be high and it will be inverse if cost of raw material is
low.
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Due to this we are going to purchase raw material direct from the
foreign so that the price of the raw material goes at a minimum
rate. This results to benefit to our company as it reduces more
and more of cost and it will good for charging penetration pricing .
Applications:
Housing purpose
Guarantee
1 Year for Bulbs.
Life Hours: 20000 hrs
SHINE LED Price list:
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Products
MRP
LED Bulbs
Type
Rs.
50
2.5-Watt LED Bulb (Warm White and Cool Day Light)
Rs. 100
4-wattLedBulb(warm white)
Rs.150
5-watt Led Bulb(cool Day Light )
Rs.
250
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Our company is looking at our suppliers suppliers upstream and
at our distributors customer downstream. We are looking at
customer segments and considering a wide range of new and
different means to sell, distribute, and service our offerings.
MARKETING CHANNELS
For selling our physical product and services might require
channels.
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2.Internet: We will promote our product through social websites.
Channel Levels
The producer and the final customer are part of every channel.
Well use the number of intermediary levels to designate the
length of a channel.
Zero-level channel
(also called a direct-marketing channel) consists of a producer
selling directly to final customers through door-to-door sales,
Internet selling, mail order, telemarketing, home parties, TV
selling, manufacturer-owned stores, and other methods. A onelevel channel
contains one intermediary, such as a retailer.
Two-level channel contains two intermediaries that is
wholesaler an retailer.
Three-level channel contains three intermediaries. From the
producers perspective, obtaining information about end users
and
exercising control becomes more difficult as the number of
channel levels increases.
We are using two level marketing channels. Because it is more
appropriate to market our product.
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Retailing includes all the activities involved in selling goods or
services directly to final customers for their personal, non
business use. A retailer is any business enterprise whose sales
volume comes primarily from retailing.
Wholesaling
All the activities involved in selling goods or services to those who
buy for resale or business use.
They are also called distributors.
Pay less attention to promotion, atmosphere & location.
Transactions are larger than in retailing.
They are used whenever they perform one of the following
more efficiently: selling & promoting, buying & assortment
building, bulk breaking, warehousing, transportation,
financing, risk bearing, market info & management services
& counseling.
We are having wholesalers to market our product.
Market Logistics
Involves planning, implementing & controlling the physical flows
of materials & final goods from points of origin to points of use to
meet customer requirements at a profit. Info systems play a
critical role in managing market logistics.
Our company involves several activities: sales forecasting,
distribution, production & inventory levels.
MARKETING COMMUNICATIONS MIX
The marketing communications mix consists of eight major
modes of communication
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awareness, improve image, or elicit sales of products and
services.
This could be done by the launching of the website. This also
includes the feedback option which will be available in
website that enables our consumer to leave a feedback
about the product.
6. Word-of-mouth marketingIt helps us get the People-to-people oral, written, or
electronic communications that relate to the merits or
experiences of purchasing or using products or services.
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CREATIVE STRATEGY
Informational appeal:
An information appeal elaborates on product or services
attributes or benefits.
In our product the benefit the customer is gets on buying. Like for
bulbs benefit is providing quality light, brighter lighting
opportunities to the customer and durability.
Transformational appeals
It elaborates on a non-product related benefit or image.
The LED lights are eco-friendly which dont create warming and
doesnt emits harmful radiations.
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other venues such as art museums, zoos, and ice shows to
entertain clients and employees.
INTEGRATION OF COMMUNICATIONS CHANNELS
Although personal communication is often more effective than
mass communication, mass media might be the major means of
stimulating personal communication. Mass communications affect
personal attitudes and behavior through a two-step process. Ideas
often flow from radio, television, and print
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Informative advertising aims to create brand awareness and
knowledge of new products or new features of existing products.
Our product has the new features like the tuning of the brightness
of the light. More energy efficient.
Persuasive advertising
We persuasive advertising uses comparative advertising, which
makes an explicit comparison of the attributes of two or more
brands. We can compare
Attributes are like the durability and the cost efficient.
Reminder advertising
Advertising in the television and the magazines are used for the
regularly reminding for the customers of the product.
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This is the cheapest way of advertisement. It help us to attract
the consumers of rural and also the urban in local shops like
barber, grocery etc.
ESTABLISHING OBJECTIVES
SELECTING CONSUMER PROMOTION TOOLS
Coupons:
Scratch coupons that will be given to the customer on purchase of
our product in bulk quantity. It would include the definite
discounts.
Price packs:
This gives customer an extra benefit that is if they buy a 5 watt
bulb they will be getting a 0.5 watt bulb free. This will benefit the
customer and in turn help us in attracting the consumers.
Product Guarantees:
Product guarantee is given by us that if the product is defective or
doesnt work for the specified time then we will replace it.
SELECTING TRADE PROMOTION TOOLS
Allowances
An advertising allowance compensates retailers for advertising
the manufacturers product. A display allowance compensates
them for carrying a special product display.
Free goodsOffers of extra cases of merchandise to intermediaries who buy
certain quantity or who feature a certain flavor or size.
Major Business and Force Promotion Tools
Sales contest-
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We will conduct a sales contest that makes sales forces and
dealers to increase the sales over a period, with prices (money,
trips or points) going to those who succeed.
Specialty AdvertisingCommon items like ball pen, calendar, key chains etc. labeled the
name of our company can be used for specialty advertising.
Deliverer
Order taker
Missionary
Technician
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Demand creator
Solution vendor
Our Sales force objectives and strategy
Prospecting
Targeting
Communicating
Selling
Servicing
Information gathering
Allocating
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companies to make much a greater than investment sales
training
products selling
Pre approach:
By giving approach to a customers by comparing other products
advising our products giving facilities, advantages, service
warranties, pricing strategy, social welfares of products.
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Presentation and demonstrate:
Providing demos presenting public place attracting various
methods of sales promotions remembering massages thoughts
.displaying feedback of people,and their satisfactions.
Overcoming objection:
before providing presenting or pre approaches analysing people
objection before preparing presentation giving solution which way
and how way of they are convincing different customers different
objections understand critical situations .
Closing :
it is an important factor of selling products ,like ending the
situations and like what product order will be ,by giving
perquisites.
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or not. We are having the opportunity to develop our
product into the market and we introduced bulbs with
good and better quality.
Organizational support. The new product may not mesh with the
corporate culture.
2.Idea screening:
In screening ideas, we must avoid two type of error. A DROP
error occurs when the company dismisses a good idea. It is
extremely easy us to find fault with other peoples ideas.
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The new product manager will develop a preliminary three
part strategy plan for introducing new product into the
market. The companys brand will be positioned at the
higher price, higher quality. It can evaluate the proposals
business alternative.
5.Business analysis:
We need to prepare sales, cost, and profit projections to
determine whether they satisfy company objectives. The
cost and profit are estimated from research and
development department. If any new information comes in,
the business analysis will undergo revision and expansion.
7. Market testing:
After management is satisfied with the functional and
psychological performance, the product is ready to be
branded with a name, logo, and packaging, and go into a
market test. When we develop a new product, say an
improved liquid makeup, we know its going to sell because
we were familiar with the field.
8. Commercialization.
Communication incurs the companys highest costs to
data.We will need to contract for manufacturing or build or
rent a full scale manufacturing facility. To introduce a major
new consumer packaged goods into the national market can
cost 25% in advertising, promotion, and other
communication in the first year.
Our company selecting the geographical area that is
Dharwad and afterwords we want to expand all over
Karnataka. To whom means at starting to households after
we will plan to produce to industries.
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BIBLIOGRAPHY:
1. THE BOOK PRINCIPLE OF MARKETING- PHILIP KOTLER
2. WWW.ENTREPRENUERSHIP.COM
3. WWW.STUDYMODE.COM
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