How to create a Successful Marketing Plan
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What is a Marketing Plan ?
A marketing plan is the blueprint or the map you intend to follow in order to achieve your goals. If you are planning for existing programs, the plan will incorporate the strengths of your current effort with needed changes and improvements. If the plan is for a brand new product or service, it will pull all the elements together for an effective start on marketing.
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Why have a marketing plan?
To find out where you are To know where you’re going How to get there
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Some considerations
See it as a process Form a team Keep it simple Develop a time-frame Give it a life Get feedback Have a simple revision process Consistent with mission statement
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What does the process involve?
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Components of a marketing plan
Mission Statement Marketing Strategies Identify Resources Implementation Plan Marketing Budget Evaluation Methods
Executive Summary Internal Analysis External Analysis Objectives
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Mission Statement
A clear, concise description of:
The organizational identity What business is the organization really in Results the organization wants to accomplish
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Some considerations
A mission statement describes who the organization is and what business it’s really in. It’s what makes the organization go–reflects its internal and external perception. It must be understood by everyone. It drives the organization and dictates how things are done. It should be kept simple.
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Mission Statement
McDonalds Restaurants “Quality, Consistency, Cleanliness, Service.”
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Executive Summary
An overview Readable and concise Summary of main objectives of the plan
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Internal Analysis
Background Current status Future directions Current resources Strengths and weaknesses
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External Analysis
Economy Demographics Trends Competition Target market
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Opportunities and Threats
Environment produces both Estimate probability Severe, not severe Very likely, very unlikely
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The Competition
Who they are Product/service features Pricing, packaging, promotion Competitor strengths/weaknesses How are you different?
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Customers and Target Markets
Current and potential customers Customer requirements Market clusters
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Marketing Strategies
Customers/target markets Programs and services Packaging Pricing Promotion
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Implementation Plan
Steps
Responsibility
Deadlines Budget
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Marketing budget
Advertising/media Direct mail Databases Printing/production Mailing
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Evaluating the marketing plan
Success measures Completion of action dates Accomplishment of goals and strategies Results New/repeat customers Win rate on sales Average size of contracts Revenue
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Summary
The marketing plan
It’s a process!
It has discipline It results in a positive ROI
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Reasons to join
To get FREE marketing content
To get free downloads
To get discounts on our services To get access to our resource centre Many other Powerpoints in this series in the members area
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