A great
idea isn’t going to get off the ground without people knowing about it, wanting
it and making a purchase. If a company cannot persuade its customers to give it
their business, then nothing else that company may be able to accomplish can
save it.
This is why marketing is so
essential to business. Marketing is what informs customers about the products
or a service offered by a business and persuades them to use it. And for
marketing to be most effective, it has to re-inform and re-persuade customers
new and old alike again and again, time after time.
Use these 4 easy steps to create a
marketing plan that will help drive sales goals:
Step 1: Set Realistic and Measurable
Objectives
First off, businesses need to drill down on what they want their marketing initiatives to accomplish for them. It’s
important to set realistic and measurable objectives so that you’ll be able to
reach them and know it when you do. Gaining one new major client every month or
increasing monthly sales by 25 percent are both good examples. These will act
as motivational benchmarks by which to measure your success.
Step 2: Get Specific on How to Achieve These Objectives
This is the hardest part of the
marketing planning process. You want to write down as many things as you can,
as specifically as you can, about how you can achieve each of your specific
marketing objectives. The more work you do here in this step, and the more
specific you get, the more effective your marketing plan will ultimately be.
For example, “placing some ads”
is not a specific enough plan to reach an objective of increased sales.
Instead, businesses need to go into detail about the type of ad being placed,
where it is going, what it is promoting, and so on.
Step 3: Check This List Against Marketing Objectives
Once you’re finished
brainstorming your list of potential activities, review it. Check each activity
against the marketing objectives that you’ve set and see how they measure up.
Choose those activities that will best target your potential customers and
clients.
Step 4: Decide the What and When
In addition to specific details
of what to do, businesses also need to keep a detailed time frame in mind when
crafting a marketing plan. This means getting out a calendar and deciding not
only which activities to pursue but also when to initiate them. Additionally,
include in your marketing plan, calendar notes on estimated budget allocations
for each activity as well as which objective each activity is related to.
Part of the planning process may
be driven by budget availability and or phasing. Put your time and budget investment in to
initiatives that you feel can do the most for your business in the immediate
term. Use a “test budget” on each activity and monitor results. Once you gain
an understanding of what your customers are responding to, continue to scale
your budget in to those activities that return the most sales.
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