Cost Results
Cost evaluation the prototype includes; the cost of production and material used in making in implementing the preliminary design. The cost of preliminary design solar is tabulated below
Table 1: cost details of a solar panel prototype
S.no Material description Budgeted cost Actua...
Cost evaluation the prototype includes; the cost of production and material used in making in
implementing the preliminary design. The cost of preliminary design solar is tabulated below
Table 1: cost details of a solar panel prototype
S.no Material description Budgeted cost Actual cost
1. Solar panel + 20ft 100 129
wires
2. 2 motors 250 300
3. 3 wheels Donated Donated
4. Shaft 50 50
5. 2 Roller blades Donated Donated
6. Rails 50 50
7. Wattage Sensor 100 100
Totals $ 550 $ 629
2.10 Commercialization Plan Summary
In order to deliver the product to the market, one has to use the following strategies:
, Solar panels 3
a. Plan for effective marketing
Most of the small companies fail in this department because they are understaffed. There proper
planning need to be given priority when doing the marketing of the product. Assign enough
people to work on executable strategies on getting as many clients as possible. Finances to do
this activity should be enough. Marketing outlets include; physical involvement such as road
shows and media e.g. newspapers, Radio stations, social networks – Facebook, Myspace, twitter,
linked in etc.
b. Take time to analyze
Marketing involves giving what you have for the users of the product to respond. Start by doing
market research of the current customers of the product. Tools to be used in the survey are
Zoomerang and Survey Monkey.com. After proper and effective marketing one has to look at the
fed back of the inputs. Using closed loop analysis, amendments of marketing channels has to be
made whenever necessary. Do compare the different types of marketing used and concentrate on
the one that tends to yield a substantial output. While maintaining the rest of the channels active.
c. Identify your market cycle.
Marketing should be a continuous process. It doesn’t matter the season. All tools used in
marketing like internet blogs should always be active when other channels are affected by
weather conditions. Campaigns about product adoption should help a great deal in self-
establishing in the natural marketing cycle.
d. Set budgets and calendars
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