Everyone says, donâ€™t just start marketing, you need to have a plan. But where do you start? Before you start writing a marketing plan for your new business there are a few things to consider.
Figure out your business plan:
Before you do anything you need to determine or review your business plan. You cannot move forward with marketing without knowing where the business is going. Using your business plan you can determine how your marketing strategy will work.
Find your businessâ€™s target market:
You need to identify your target audience and research the strategies that will work with that demographic. Some demographics will respond best with social media and blogging, while some require more tangible methods such as flyers and billboards. Before you throw all your eggs in one basket, research the best strategy for your specific target audience.
Determine your marketing budget:
Before you can spend any money on marketing you need to determine the allotted budget for marketing. Businesses starting out can start small and cheap. If you have a bigger budget you can focus on some bigger more expensive strategies.
List your companyâ€™s strengths and weaknesses:
If you are honest with what areas your company is successful in and the areas it isnâ€™t as successful in you can better determine where your marketing plan should go. You can better highlight your strengths and figure out how to improve your weaknesses.
Create an action list:
Like all good plans, there needs to be some action. Create a list of specific, identifiable things that you will do to put your plan into action. Donâ€™t leave out anything. The more specific your action list is, the more likely you will actually accomplish them.
Creating a plan can be tricky, but if you think about these things before you start writing, the process will go much smoother. Donâ€™t forget to look at all angles and possibilities before you nail down a plan.