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The Key to Marketing: The Marketing Plan

Part 2: Developing a Marketing Plan

By Susan Ward, About.com

If you were going to drive from Vancouver to Halifax, would you really just glance at a globe and then head out? Expecting to implement a marketing strategy without developing a marketing plan is just like this analogy. The more detailed information that's been collected beforehand, and the more planning that's been done ahead of time, the faster and more pleasant the trip - and the more effective your marketing plan will be.

The first step in developing a marketing plan is to create specific marketing objectives and write them down. What do you want your promotion efforts to do for you?

If you're selling herbs, for instance, perhaps you want to increase your monthly sales by 25 percent. If you're a realtor, a good marketing objective might be to get 10 new listings each month. My own marketing objective is to gain a new client each month. Whatever marketing objective you set, be sure it's realistic; you need to be able to achieve the marketing objective if it's going to motivate you or serve as a good benchmark to evaluate your success.

Now the hard part. Under each marketing objective, write as many specific things as you can that you are going to do to achieve the objective. If I want to increase my monthly sales by 25 per cent, one thing I might do is place some ads. But when I'm working on my marketing objective list, I need to take the time to think it through so I'll be able to follow through effectively.

 

Just "placing some ads" isn't specific enough to serve as a marketing objective. I have to consider what type of ads and where I might place them to increase my monthly sales. For instance, I might write, "place an ad describing specials in the local newspaper" as a marketing objective, or "put ad on local TV station".

Then I have specific actions to follow that will help me achieve my marketing objective rather than just a vague idea. If you're having trouble with coming up with these specific activities, or seeing how each marketing objective fits in with your marketing plan, reading "The Advertising and Promotion Plan" will help you fit all the pieces together.

Go over the list of specific activities you've brainstormed and check them against your marketing plan. Choose the ones that fit best with your marketing objectives and do the best job of targeting your potential clients or customers.

Then, using your calendar, decide which promotional activities you're going to do when. You can break your marketing plan down by month or by quarter, but be sure you include not only a description of the activity or event, but also a reference to which marketing objective the promotion activity or event is related to, and a cost estimate.

Once you set up your marketing plan, remember that it needs to be an organic, living document, not something you put into a nice folder and file somewhere and never look at again. Take fifteen minutes every day to review your goals and specific activities; what did you do that particular day to help you achieve the marketing objectives you've set?

What do you need to do tomorrow? Too often we make plans or list objectives and then get so enmeshed in all the things we have to do to run our businesses that we shunt them aside. Taking fifteen minutes a day to review your marketing objectives, marketing plan, and marketing activities goes a long way towards helping you stay focused and on track and market your products or services effectively.

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