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What is a marketing plan? A marketing plan outlines your intended marketing/advertising activities for a specific period, usually over the next 12 months. It describes how you'll reach, attract and persuade customers to buy your products or services, with clear goals, actions and accountabilities.
Writing a Marketing Plan: The Five (5) Most Important Things You Need to Consider. Situation Analysis. The first thing to do is, to begin with, a snapshot of your brand's current situation. ... Target Audience. ... Marketing Goals. ... Strategies and Measurement. ... Budget. ... Implementation.
And a great approach to take is to implement the 7 Cs- customer, content, context, community, convenience, cohesion, conversion. Customers play a key role in the success of your company, and making them the center of your marketing efforts is the number one requisite for the 7 Cs model marketing to work.
And there's no need to over-think it, Roberts says. For small businesses, it's best to think of a marketing plan as a way to tell a concise story that covers all the key points of your strategy going forward. So keep it brief: The best plans can be told in 15 pages or fewer.
Typically, a marketing plan includes: An overview of your business's marketing and advertising goals. A description of your business's current marketing position. A timeline of when tasks within your strategy will be completed. Key performance indicators (KPIs) you will be tracking.
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These seven are: product, price, promotion, place, packaging, positioning and people. As products, markets, customers and needs change rapidly, you must continually revisit these seven Ps to make sure you're on track and achieving the maximum results possible for you in today's marketplace.
7 Steps for a Successful Marketing Plan Step 1 \u2013 Understand Your Market and Competition. ... Step 2 \u2013 Understand Your Customer. ... Step 3 \u2013 Market Niche Definition. ... Step 4 \u2013 Develop Your Marketing Message. ... Step 5 \u2013 Determine Your Marketing Medium(s) ... Step 6 \u2013 Set Sales and Marketing Goals. ... Step 7 \u2013 Develop Your Marketing Budget.
Having a marketing plan can help you to: identify your target market and how your product or service can benefit it. identify how you might attract new customers. encourage your existing customers to continue purchasing your product or service.
The elements of a plan Set your marketing goals. ... Conduct a marketing audit. ... Conduct market research. ... Analyze the research. ... Identify a target audience. ... Determine a budget. ... Develop marketing strategies. ... Develop an implementation schedule.
A marketing plan is the advertising strategy that a business will implement to sell its product or service. The marketing plan will help determine who the target market is, how best to reach them, at what price point the product or service should be sold, and how the company will measure its efforts.

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