Do Your Research - Understanding the Green Market

According to a recent ImagePower Green Brands Survey, 80 percent of consumers believe it is important to buy from green companies, most responded they would spend more on green products. Word of mouth also leads as the way 50 percent of Americans learn about green products and services. Online search engines and television also remained popular channels for learning about green, according to a recent quarterly update from the Green Confidence Index.

Findings such as these provide valuable information to business owners when developing and executing a plan for marketing their eco-friendly products and services. Before rushing into executing your marketing ideas, it is important to take a step back and focus on the strategic direction of your efforts to ensure your message is reaching the correct target audience through the appropriate channel in a format they can easily understand.

Through our strategic analysis process, Marketecture™, we help clients identify and analyze relationships between marketplace competitors and the criteria used by target audiences in making buying decisions. Also through this process, we can provide primary and secondary research to help clients better understand their market, in this case, the green market, to gauge how their target audience feels about sustainable products and services.

Consider the benefits of conducting market research:

1. Understanding your current position in the marketplace
2. Identifying your main competition and analyzing how you stand up against them
3. Determining your products or services’ role in the strategic direction of your company
4. Analyzing your company’s strengths and weaknesses as well as opportunities to grow your business
5. Evaluating market forces that influence your target audiences’ buying decisions, helping to determine how you can overcome these challenges and remain profitable

Conducting market research is an important element in the promotional process and will truly help you develop the best strategic marketing plan for your company, enabling you to effectively reach your target audience and produce the highest results.

Let CMA utilize our strategic marketing expertise to help point your marketing efforts in the right direction.

Jeffrey Barnhart
President and CEO
jbarnhart@cmasolutions.com