A marketing plan will include not only the marketing mix but also a SWOT analysis, marketing objectives, the target market, marketing strategies and details on implementation, monitoring and controlling the plan. Developing a marketing plan involves determining the type of selling the business wishes to use wether it be customer orientated or conquest marketing. The business also must conduct extensive research before developing its marketing mix and ultimately its marketing plan.
The marketing mix is commonly defined as "the four P's" for product, price, promotion and place. These four elements determine how a business will structure a large proportion of its marketing plan. These elements are also strongly determined upon the influences of the market in which the product or service is to be sold such as psychological, sociocultural, economic and government factors. As the marketing mix takes into account these factors, the business's goals both long and short term and tailors the business's marketing plan to its target market it is the most important element when developing a marketing plan.