Thursday, July 11, 2019

20A- Growing your social capital

Industry
  • I went to Lowes because they sell solar panels where I met a guy named Josh and we ended up talking a lot about solar panels and the industry and how far they have come in the last few years. Josh mainly focuses on selling solar panels there. He would be considered the expert at the store on solar panels. 
  • They would be the domain expert because they know a lot about the product or service of solar panels.
  • I just went to Lowes and went to the solar panel section in the store saw him there and then started talking to him about solar panels such as different kinds and what not. 
  • The favor they did for me was just explain more about the industry such as the best kinds of panels and where you really start to save money.
  • Hopefully by knowing him I now have a contact on where to buy solar panels in bulk.
Market
  • I met a guy named Andrew who works for Solar Investments Inc. He helps people compare prices between diy solar panel projects and paying someone to install everything. Works for a solar company in Australia. 
  • The market expert because he is up to date with all market prices and how these prices make homeowners react tp buying solar. 
  • I found a website of his and on the website he had his linkedin so I mesaged him on that and told him my story and asked a few questions pertaining to the assignment. 
  • They clarified some grey areas I had about the market and hopefully one day do business with him everything works out. 
  • Its one more person I can turn too for advice.
Supplier
  • I went online and contacted wholesale solar. I spoke to a lady name Cindy about the company and what sorts of discounts they may offer if buying in bulk or if they contractor discounts. 
  • They would be the supplier part. Since they sale in wholesale. 
  • I found their website online and found contact information on the website and just called the number. 
  • She was able to give me pricing for some general solar panels based on the amount of kilowatt a house would usually use. The return would be me buying solar panels from their company to install.
  • I now have someone to call and order solar panels from for a reasonable price. 
After working on this assignment I found it very useful because I focused on my opportunity and was able to get more information on the opportunity that I see. I plan now to reach out to more people and get more information hopefully.

5 comments:

  1. Hello Clayton,

    It is great that you were able to make business connections with people related to your business plan. Also, getting feedback about your idea from these people is very good, because they are in that industry and know lots of valuable information related to solar energy we may not know. I hope you continue to network, because the more people you know, the better!

    ReplyDelete
  2. Hello Clayton,

    I think you did a really good job at generating connections from your field. Connections, whether it is a supplier or simply someone that can give you a hand or advice, will only result in positive for your business. Your research and conversations with them reminded me of how committed you are to this project and how good of a job you are doing so far. Information is key and it is just a question to others away!

    ReplyDelete
  3. You found the best ways to find the experts in the area out of people I have seen. Utilizing people that you do not know personally is very smart. I should have done that myself. Do what you said and keep reaching out to more people and with that rep optimizing your product and you may be on to something. Who knows, years from now, you might be a billionaire because of your idea. Keep working and good job.

    ReplyDelete
  4. Hey Clayton,
    I think it was a great idea to go check out the Lowes store and be able to see for yourself how much competition you have. By viewing the prices and see how much energy each can produce will be a great way for you to really be able to create a significant price point that is profitable for you and economical for your consumers.

    ReplyDelete
  5. Great post, Clayton. It immediately caught my attention when I read that one of your experts resided in Australia. That is honestly super cool that you were able to find someone that far away but that just goes to show what the internet can do for us. Your networking definitely seems like it gave you a good source of new information about your product and the industry. Hopefully these people could also help you out in the future if you pursued this opportunity.

    ReplyDelete