10 Things to Put in a New Marketing Plan for Your Company

marketing plan

It’s no secret that putting a new marketing plan together for your company can take a lot of time and require a lot of effort. The long-term benefits are definitely worth it, but is there any way you could possibly reduce the overall time that needs to be spent on it?

Actually, you can. All you need to do is make sure you have a foolproof marketing plan before anything else. Here are the 10 most important aspects you need to make sure are implemented:

  1. The target for the marketing plan

This is pretty much a no-brainer. Still, it’s important to mention it. Defining who your target consumers are is the first thing you need to do, since the rest of the marketing strategy will be tailored according to the target audience.

Overlooking this aspect can result in having to make costly changes down the road.

  1. The competition

It goes without saying that you need to check out the competition on the segment of the market you want to exploit. You need to know what they are selling, what pricing they are using, and what makes their products/services different from yours.

This way, you will know how to develop a marketing plan that will take advantage of their weaknesses in order to propel your products/services to success.

  1. Market-related details

If you want to be successful when expanding on a market, then you need to know it inside out. Analyze the behavior of the target consumers, the variables in pricing and the overall size and growth rate of the market. Don’t forget to take potential risks into account as well.

  1. The way your brand is seen

It’s not just enough to analyze the market you want to expand on. It’s also highly important to see how your brand is perceived by the market as well. Make sure you adjust your marketing plan according to what feedback you have received so far to increase your chances of achieving success.

  1. The budget

This is a must, especially if you are just starting out. Calculate exactly how much you can afford to spend each month and set a clear budget limit for the marketing team. This will allow you to better manage your resources.

  1. Quantifiable goals

Yes, achieving success and growing your business sound like great aims. However, you need to focus on more palpable results. For instance, set an exact goal for the number of leads you want to convert into clients, like 40 or 50 for instance.

  1. Implementable surveys

Surveys are still a useful tool in today’s market. Customer feedback is your best source of information when it comes to knowing whether or not your marketing plan is efficient.

  1. Tracking results

Tracking sales, online traffic and the number of people who come to your website is also something you cannot overlook. It will give you all the information you need to design and make changes to your website and marketing plan to ensure they are as efficient as possible.

  1. A brand statement is a must

Think of it as a welcome message to your future customers. A great brand statement will help you stand out from the crowd and inspire trust in your clients. Try to be original, warm and professional as much as possible.

  1. Mobile optimization

Don’t forget that the majority of people now use mobile devices to access the Internet as opposed to PCs or other systems. Make sure the ads you implement in your marketing plan are mobile-friendly. Also, make sure you optimize your website for mobile devices as well.

Need more help with your marketing plan?

Then make sure you check out the rest of our blog, since you will find plenty of information-rich articles that will surely come in handy. Remember to also see which of our services would best fit your needs and help you achieve your marketing goals in the fastest way possible.