What a Marketing Plan Can Do for Your Business
Is your lack of a marketing plan keeping you from moving forward with your business goals? Perhaps you have a plan, but the real challenges of running your business prevent you from devoting the time needed to implement it. Or, perhaps, your plan is outdated, say, from 1991 when you first opened your business. This year, commit to creating a winning plan for your business and putting it into action—you’ll see your business flourish!
First, the basics. A good marketing plan establishes the objectives that will accomplish your business goals.
- Do you want to grow revenue?
- Increase your number of customers?
- Get more repeat customers?
- All of the above?
Next, a classic SWOT analysis should be performed, identifying the strengths, weaknesses, opportunities and threats facing your business. Having a clear picture of where you stand in the marketplace helps you determine the best strategies for your business and allows you to set realistic, specific steps to reach your goals.
Conducting market research is integral to an effective marketing plan, though all too often, companies skip this important step in the process. Without the proper research to better understand who your customers are and whether your product or service is in demand, the effectiveness of your marketing plan quickly diminishes.
Implementation. Once your marketing plan is established, it’s time to put it into action. That means you need a “plan” for your plan.
- What tasks need to be done and when?
- What resources will you allocate to help you reach your goals?
And don’t forget, your marketing plan needs to be reviewed regularly to ensure you’re meeting your original goals. Ideally, a marketing plan should be updated and revised annually.
Exceed Your Expectations, Improve Your Business
Call or email us today to learn more about creating the best marketing plan for your business. And take advantage of our special offer: $1,000 off our marketing planning service.