A utility company active in the electricity, solar power and natural gas distribution businesses also provides products to support smart metering. The management team turned to Cerved in order to effectively position these products on foreign markets. Cerved’s analyst began by analysing the specific aspects of each product to be marketed abroad. The second step was to determine in which countries these products would have the greatest appeal, by factoring in numerous variables in each market related to energy consumption and prices, the number and concentration of energy-hungry companies, as well as the types of distributors and importers of electrical goods. Of the countries identified as the most attractive, the customer selected the UK, Germany, Spain and Scandinavia. The analyst then pinpointed a set of 500 suspected prospective customers; these companies were then interviewed in order to evaluate their effective potential. In this way, the client company obtained contact info for 170 contacts that fit the target profile.
“With marketing services, we acquired a better understanding of how the market is segmented in each country, and learned about the specific characteristics and needs of various customers, which substantially improved the global skills of our export marketing team.”