Posted on 16/04/2015, 10:03
Marketing is often defined as the process responsible for identifying, anticipating and satisfying customer requirements profitably – how to get your service or product in front of your target customers and persuade them to buy it.
Your marketing strategy serves as the foundation of your marketing plan – it delivers a clear aim and set of goals to be achieved. The marketing plan defines the way in which you are going to achieve your goals using a combination of specific marketing actions and initiatives.
It is essential to have a formalised marketing plan so that marketing activity is proactive and deliverable. Without a plan, marketing becomes solely reactive to opportunities arising. The plan, consisting of actions or marketing initiatives, should therefore be programmed, costed and measurable. It should, however, retain the ability to react to opportunities – dynamic and interactive.
Marketing in the digital age offers small business owners a vast toolbox; but which ones are best for you when you have limited resources?
Answer: Only those that align most closely with your marketing strategy. If you don’t have a clear strategy prepare waste a lot of time, effort and cash on the latest ideas that promise the world and don’t deliver; not because they are bad ideas, but because they are bad ideas for your company.
Here are three guidelines for assessing your marketing options.
Remember: Your plan should dictate the solution; the reverse is a recipe for failure. Planning is all about the results, not the plan itself
It’s not only Hagrid’s three headed beast of Harry Potter fame that goes by the name Fluffy. Marketing has been “accused” of being ‘fluffy’ by which it is meant that it is not measurable, not accountable and it is unclear how it impacts the business.Read More
So you have your marketing plan sorted out (if not, see our previous blog in this series for some useful pointers). Now you just need to make it happen.Read More
Those that plan … win! A good marketing plan dovetails with your business plan. Together they act as a navigation system for your business: assessing the conditions and setting the strategic direction.Read More