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Business Articles » Marketing
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What to Include in Your Marketing Plan Write-up
by Bobette Kyle
For those new to marketing planning, the thought of completing a plan from
start to finish may feel daunting. It need not.
The level of detail you choose to include in your marketing plan will depend
on your resources and situation. If you have extremely limited manpower or other
resources, you may be constrained to a "broad brush" approach. If your
plan must support your Websites validity to others in the company, a lot
of back-up detail may be appropriate.
Basic Marketing Plan Content
Include a summary at the beginning. Like any business report, your plan write-up
should begin with a summary. The traditional executive summary is one option.
I prefer to include -- either in addition to or instead of the executive summary
-- a one-page table.
The table makes everyday use of your plan easier. In one glance you can be
reminded of your main challenge, objective, strategies, and tactics as well as
budgets and deadlines. Also, as your plan evolves throughout the year, the table
makes it easier to strategically modify the plan.
Explain Your Reasoning
Make some reference to why you chose the specific objective(s) and strategies
in your plan. This will make it easier to justify the plan to others (if necessary).
It will also help you make smarter, strategic decisions.
Identify Your Target Customers
By doing so, you will be better able to develop effective advertising messages.
Write One or Pore Positioning Statements
In the statement(s), specify the customer needs you are fulfilling, benefits
your products/services offer, and features that deliver those benefits.
Explain Key Issues and Opportunities
These can best be identified through industry and/or competitive analyses.
Include preliminary budgets and timelines for your action plans.
Expanded Content for Your Marketing Plan
You can also expand your marketing plan write-up to include detailed analysis
and arguments to substantiate your plan:
- Describe the strengths, weaknesses, opportunities, and threats your business
and/or Website face (SWOT analysis).
- Explain the online business environment. What are your competitors
Web strategies? How do your customers use your site, competing sites, and the
Internet in general? What potential substitutes are available?
- Include the trends in your industry and how they affect both online and offline
activity.
- Show growth projections.
- Detail the financial aspects.
- Include break even analysis for your site as well as for the tactics included
in your plan.
- Discuss assumptions made when completing your financial analysis.
- Show how implementation of your plan will be profitable to your business.
- Include a calendar of events that shows milestones in the coming weeks or
months.
You can be as detailed or top-line as needed with the final marketing plan
write-up. In any case remember that your marketing plan is always a work in progress.
It may be current, but it is never "done."
Bobette Kyle draws upon 12+ years of Marketing/Executive experience, Marketing
MBA, and online marketing research in her writing. Bobette is proprietor of the
Web Site Marketing Plan Network http://www.WebSiteMarketingPlan.com
and author of the marketing plan and Web promotion book How Much For Just
the Spider? Strategic Website Marketing For Small Budget Business, howmuchforspider.com/TOC.htm.
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