Preview

Marketing Plan Elements

Powerful Essays
Open Document
Open Document
1000 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Marketing Plan Elements
* Defining your ideal customer (target market) – Think about the characteristics of your ideal customer – what is it you like about working with them and why? * Understanding the competition and what makes you better (differentiation) – There are a lot of people who do what you do so what do you offer that others do not? What do your clients appreciate about what you do? Figure out what it is and lead with that difference in all of your marketing efforts. * Knowing what you want to achieve with marketing (marketing goals) – Write down your marketing goals and make them specific. Pick one or two that are critical and make them the focus of your marketing efforts. According to statistics, if you write them down, you are 95% more likely to achieve them. * Defining how you will reach your target (marketing strategy) – Pricing, packaging and promoting your products and services is the heart of your marketing plan. Look at all types of marketing activities that would most likely reach your target. * Projecting the costs of the marketing activities (marketing budget) – Putting together a quarterly marketing budget for your business helps you keep track of what you need to spend on marketing without it getting out of control.

need to decide who you 're marketing to. Who are you going to sell your product or your service to? Where is it going to go and the process that you 're going to need to take to get you there? Are you going to use one of the three major modes of media? Are you going to advertise on television, radio, newspapers, Yellow Pages, billboards? Will you go on line and you develop a website? They need to know will you advertise in two different modes on line, search engines and what will work best for you depending on your budget

Mission * Every organization exists for a reason. It could aim to produce a superior product, create a unique benefit, or help an underserved population. It is based on the firm 's mission statement, a

You May Also Find These Documents Helpful

  • Better Essays

    Mkt 421 W2 Marketing Mix

    • 1487 Words
    • 6 Pages

    A marketing strategy is the combination of the target market, or the customers the marketing is intended to reach, and the marketing mix. Product, price, place, and promotion are components of the marketing mix, or the four p’s, which create a value for the customer (Perreault, Cannon, & McCarthy, 2009). For this reason, the customer, who is not part of the marketing mix, is the center of the target, surrounded by the elements of the marketing mix. The ultimate goal of a marketing strategy is to create value for the customer, which allows the organization to increase customer satisfaction and results in repeat customers and additional equity for the organization (Armstrong & Kotler, 2009).…

    • 1487 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Firstly, a marketing strategy is a plan that is used in the long term to achieve a business or organisations objectives. Furthermore, a marketing strategy may also be defined as a plan designed to meet marketing objectives. For example, a company may set the following marketing objective: “To be able to satisfy customers through our products.” The next step is the planning procedure otherwise known as the marketing strategy used to meet the business or organisations objectives. It is important that the terms: “marketing strategy” and “marketing technique” are understood clearly. Likewise, the term “marketing technique” may be defined as an overall plan designed to meet the needs and requirements of customers. A business should ensure…

    • 850 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Marketing Plan Management

    • 1738 Words
    • 7 Pages

    No expansion stores are planned during this phase of consolidation and on average the stores achieved $24,680 per week for the year…

    • 1738 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    Describe the characteristics of the customers (your target market) you think will be attracted to your new product range.…

    • 374 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    |Target market |Who are you selling to? Why would they buy your products/services over others? |Visit our Researching your market page. |…

    • 3007 Words
    • 13 Pages
    Satisfactory Essays
  • Satisfactory Essays

    State the primary reasons for the organization’s existence from an analysis of the mission, vision, values, and goals.…

    • 362 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    bus 330 week 5 final

    • 1767 Words
    • 5 Pages

    Once a marketer gets a grip on customers’ needs and wants they must design a marketing strategy. This is done by deciding on target markets and building gainful…

    • 1767 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Marketing Plan Example

    • 3830 Words
    • 16 Pages

    Star Software, Inc., is a small, family-owned corporation in the first year of a transition…

    • 3830 Words
    • 16 Pages
    Better Essays
  • Satisfactory Essays

    Differentiation is the essence of any good strategy — Being different in a manner that allows you to serve customers better than competitors…

    • 391 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Brief description of product to be marketed and associated goals,such as sales figures and strategic goals.…

    • 456 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Marketing Plan Topic

    • 493 Words
    • 2 Pages

    You have several options when choosing a product or service for your marketing plan. Consider choosing a new product for a new company (your own) or creating a new product for an existing company. Perhaps you would want to do a product extension of an existing product. You might consider a different approach to marketing an existing service. You can target consumers or businesses. You may choose a product or service offered by your employer or your own business, or one from another organization. Ultimately, to maximize your learning experience, choose a product or service in which you have an interest and about which you would like to see your product or service come to the marketplace. Make sure there is information available about the industry and target marketing of the product or service you choose.…

    • 493 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Writing your Abattoir Business Plan is a vital task when starting up your Abattoir Business. It will ensure you…

    • 1858 Words
    • 8 Pages
    Good Essays
  • Good Essays

    KFC marketing analysis

    • 2405 Words
    • 10 Pages

    Running a successful business is not like a field of dreams; you can build it but they might not come true. You have to let people know about the product or service you offer, and persuade them to buy or use it. And you have to let people know about your product or service repeatedly. For this, marketing strategy is very important.Your marketing strategy consists of: The "what" has to be done.Inform consumers about the product or service being offered. Inform consumers of differentiation factors.…

    • 2405 Words
    • 10 Pages
    Good Essays
  • Satisfactory Essays

    Briefly describe your ideal customer. What are they like in terms of age, income level, and so on?…

    • 541 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Management Information

    • 2431 Words
    • 10 Pages

     The vision is the starting point of strategic framework.  Where you want to be in future.…

    • 2431 Words
    • 10 Pages
    Satisfactory Essays

Related Topics