A Seven Step Marketing Plan
Every small business should have developed a business plan for 2010 by now. If you haven’t set goals, action plans, employee accountability, and timetables, then you’re like the blindfolded archer shooting at a target.
Part of the business plan is a marketing plan that looks back at what worked and didn’t work in 2009. Taking these aspects into consideration, what improvements in your marketing need to be done in 2010 to improve and grow?
You can develop a simple yet definitive marketing plan by answering these 7 questions:
1. Define the purposes of your marketing plan and how are you going to achieve them. Maybe it is to increase awareness of your location. Possibly the marketing plan wants to grow a new niche product you are selling. It can be as specific as to provide awareness and reach a certain dollar sales goal.
2. Determine your target market. Believe me when I say it is not “everyone”. As a small business owner you should have a well defined target market. Even if you just sell on the web, your target market is not everyone on the web. Maybe you don’t ship overseas. Maybe only people who fish want to buy your rods and reels. You have a limited budget, so limit your audience.
3. What is your niche? This can be things like your expertise, efficiency, exclusivity, customer satisfaction, loyalty, or a unique buying experience. A question within a question to help you determine a niche is “We want to be known as…?”
4. What are the benefits and competitive advantages of your product or service? The customer wants to know “What’s in it for me?” A marketing plan should be focused on helping the sales team sell benefits, not features. A self cleaning oven is a feature. You don’t sell features; you sell benefits. So the benefit is convenience.
5. What do you want your identity to be? This is a visual expression of your company including the look, feel, color, and logo. Anything that meets the senses of your customers can convey your company’s identity.
6. What are your marketing weapons? Some examples are print advertising, television, the web, public relations, etc.
7. What is your marketing budget? The total should relate to a percent of sales it is expected to generate. Each marketing weapon defined in #6 should have a budget.
Finally, your business plan and your marketing plan are living documents. Revisit them and refine them. One constant question you and your team will answer in all of this is “What can we do better?”
If you enjoyed this post, make sure you subscribe to my RSS feed!
Related posts:
- Lose Male Boobs – Your 4-Step Action Plan Eliminating your man boobs may seem like an impossible...
- The significance of Direct Marketing Lists Nowadays the definition and concept of advertising has undergone...
- Selling your Business – Step by Step Process So finally the time has come to sell the...
- Four winning strategies to business marketing Business marketing, the simple act of bringing together the...
- Fab Hair: Step by Step with GHD When you want to have fabulous hair, the first...
Related posts brought to you by Yet Another Related Posts Plugin.



