Find us elsewhere
Join Now Member Login

Guide to your first marketing plan

 
New Topic
Post Reply
Follow Topic
Page of 2 Next »
  • Author
  • Message
 
BYTRADE

posts: 368

Nov 28, 2011 12:58 AM ET    Quote  Report Abuse
Points: 0   Vote

Here is a structure that will fit for most, if not all, marketing plans:

Vision

By definition a vision must be visionary. It is about the "what" not the "why" or the "how". It should be over at least a five year horizon and is concerned with the big picture about where the business wants to be. It should be brief one short sentence will do.

Mission

The mission is about the "why" the reason the business exists. It should inform all stakeholders in the business employees, shareholders and customers exactly what the purpose of the business is.

Target Audiences

Sometimes referred to as stakeholders but basically all of the groups of individuals that the business reacts with or wants to react with in the future. The different audiences should be clearly defined in terms of their size, socio-economic profile, geographic location and purchasing behaviour (if appropriate).

Objectives

Objectives often get confused with strategies. Objectives are the "what"; strategies are the "how". Objectives should contain precise statements of intent in terms of the business growth and profits that will accrue as a result of the marketing plan being implemented. The SMART method of writing objectives is a good discipline to adopt: Specific; Measurable; Achievable; Realistic; Timebound.

Strategies

There can be any number of strategies to support the objectives but ideally there should be no more than five or six. The strategies will define what broad actions are going to be taken to achieve the objectives. It is useful to allocate the strategies to each particular target audience.

Product Pricing

What price will the consumer pay for the product(s) or service(s)? What is the sales margin?

Product Distribution

Where will the consumer buy the product(s) or service(s)?

Promotional Plan

This is where the nuts and bolts of the plan are outlined. The promotional plan cannot stand alone; it has to be borne out of the marketing plan to enable it to have its proper context. The promotional tools that are

deployed will depend on the nature of the target audiences, the objectives and the strategies. However, it is likely that some or all of the following may be considered: Advertising; Direct Marketing (including online); Public Relations; Sales Promotions; Merchandising; Internal Communications.

Customer Market Research

In larger businesses customer research will exist but it may be spread amongst various disciplines and locations within the business. If there is a market research specialist employed in the business then it is his or her job to a) collate all of the customer data and research that exists and b) instigate new research, where appropriate.

Promotions Tracking or Marketing Research

The other key function of research is to track the effectiveness of the marketing/promotional activity. Again, this is probably best dealt with in partnership with a specialist. The Market Research Society can assist in this area.

Budget

The budget is either set in advance by the business and the plan works within its constraints or the budget is borne out of the plan. The latter course is the most effective as it allows the marketing function to propose what is really needed financially to realise the vision and objectives of the business. However, in reality, the marketing plan, more often than not, has to work within the financial constraints imposed on it by the business as whole



-------------------------

Global buy sell B2B trade marketplace

macthomas01

posts: 20

Nov 28, 2011 8:43 AM ET    Quote  Report Abuse
Points: 0   Vote

A good marketing strategy is really required for marketing of any product or services in the market. First of all marketer must check the competition and according to that he should make any marketing plan. Compare your product facilities and services with other best competitors, and then focus more on the facilities which other competitors don’t provide.

how to trade currency | Forex Tips | Trade FX Market



-------------------------

StartUpCoachFL

posts: 54

Nov 29, 2011 5:25 PM ET    Quote  Report Abuse
Points: 0   Vote

I always enjoy your work. You are on track with all your advise. Entrpeneurs have to keep focused on many prizes at the same time. Having a clear marketing plan like the one you outline is a great base to start with. Good job



-------------------------

Entrepreneurial Coach, Ken Esrig http://www.mistproductions.net
StartUpCoachFL

posts: 54

Nov 29, 2011 5:25 PM ET    Quote  Report Abuse
Points: 0   Vote

I always enjoy your work. You are on track with all your advise. Entrpeneurs have to keep focused on many prizes at the same time. Having a clear marketing plan like the one you outline is a great base to start with. Good job



-------------------------

Entrepreneurial Coach, Ken Esrig http://www.mistproductions.net
sallya121

posts: 64

Nov 29, 2011 7:31 PM ET    Quote  Report Abuse
Points: 0   Vote

GOOD article.Doing business needs plan well ,then can do better and better .

 

 

Elite Art & Craft Factory

www.fashionelitebag.com



-------------------------

Elite Art&Craft Factory ----sell bags http://www.fashionelitebag.com MSN:sallya121@hotmail.com SKYPE:huangmeiqing111
firzakhan

posts: 3

Nov 30, 2011 8:13 AM ET    Quote  Report Abuse
Points: 0   Vote

wow



-------------------------

http://www.businessideas.pk/
Dec 01, 2011 6:35 AM ET    Quote  Report Abuse
Points: 0   Vote


-------------------------

Dec 01, 2011 6:35 AM ET    Quote  Report Abuse
Points: 0   Vote

Marketing plan is the crux of any business; you laid down all the points perfectly.



-------------------------

daniel9075035

posts: 2

Feb 11, 2012 7:29 AM ET    Quote  Report Abuse
Points: 0   Vote

Hello,

Welcome to this site.This is Daniel Paul. I read your issue. I would like

to suggest you Please contact your friends for this problem.

 

-----------

[url=http://www.alladsclassified.com] Top Ten classified website [/url]



-------------------------

adamsmith111

posts: 3

Feb 14, 2012 6:29 AM ET    Quote  Report Abuse
Points: 0   Vote

According to my views today before we go for business try to have a presence in social media such as Facebook, Twitter and LinkedIn etc

 

This is helping me lot than any other else...



-------------------------

Business Transcription, Business Transcription services
Page of 2 Next »
Post Reply
 
.
Advertisement

Keep the Community Clean!

  • StartupNation forums should be used as a platform to learn, educate others, share stories, tips & tricks and to provide constructive feedback.
  • Please do not use the Forums for advertising & blatant self-promotion.
  • Please be respectful to other members and refrain from personal attacks and vulgar language.
  • StartupNation reserves the right to delete any message, reply, and/or member who violates our terms of use.
Read full terms of use
Advertisement
Advertisement
Advertisement
Advertisement