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Creating your Marketing Roadmap to Success

Category: Marketing & PR Strategies You Might Try

Published: Wednesday, June 17, 2009

How can creating your "Roadmap to Success" help you in marketing evaluation?

Your business marketing strategy is essentially a map of your targeted destination. Ideally, it gets you from your starting point to your goal from your basic business concept to a healthy successful business. It gives you a clear idea of the obstacles that lie ahead and points out alternative routes.

The business planning process is an opportunity. While creating your business strategies, you have a chance to:

  1. Learn about your industry and market
  2. Gain control over your business
  3. Obtain a competitive edge

To clarify your company's focus, as part of your business strategy process, you should redefine your mission and goals annually.

What image are you trying to portray? Remember that stationery, signs, business cards, etc. all contributes to the image of the company. Everything from the receptionist to furnishings creates an impression.

The following for strategies are important in defining your target market:

  • Definable: It should have specific characteristics to identify what the potential customers have in common. Where do they live? What's their income level? What Sex? Age?

  • Meaningful: The characteristics must meaningful relate to the decision to purchase.

  • Sizeable: It must be large enough to sustain your business.

  • Reachable: Both the definition and size must lead to affordable and effective ways to market to potential customers.

Is your pricing consistent with what your customer's view as the service values? How did you decide on these prices? Have you considered other pricing options? Will you provide discounts or other incentives?

How mature is the overall marketplace into which you are introducing products/services? Are you the first? Are you one of a few? Many?

How reliable is your product or service? What level of quality are you trying to portray? Remember, not all products are sold on the basis of top quality and reliability, since price can then become prohibitive.

Have you taken time to truly look at your company's sales and marketing strategies? Do you have a marketing plan in place? If yes, when was the last time you updated it.

A poll by a major CPR firm showed that when the question was asked, "what needs improving in your business" 1300 executives (70% of them at small firms) indicated marketing and sales capability.

In a variety of training classes that I conducted this past year, I was amazed to find that when I asked the question, "how many of you have marketing plans in place," very few hands were raised. In questioning them further, I found that many had a business plan, yet they had no idea they needed an additional marketing plan for their business.

Important that you take the time to know your products/services, your customers, prospects, and to understand what your competitors are up to. Only then can you develop effective strategies to achieve your sales and marketing goals.

To begin the process of developing your marketing plan, you need to take time to ask yourself some questions that will help you define the answers needed for your outline preparation.

Here are some of those questions:

  • What business are you in?
  • What do you sell?
  • Who are your target markets?
  • What are your marketing goals for next year? Your sales and profit goals?
  • Who might keep you from achieving those goals?
  • What is your marketing budget?
  • What are the benefits of your products and services?
  • What is the unique selling proposition of your products and services?
  • What product or services is the best contributor to your overhead and profits? You're worst?
  • Who are your current customers?
  • What are their buying habits?
  • Why do they buy your products/services?
  • What are your best customers and prospects? Why?
  • What is your market share? – Is your market share growing, shrinking, or stable?
  • Who are your competitors?
  • What do your competitors do better than you?
  • What do you do better than your competitors?
  • What is your competitive position?
  • How do you establish prices?
  • What are you business strengths?
  • What are your sales practices?
  • What are your business weaknesses?
  • What is your advertising and promotion budget?
  • What are your promotional and advertising objectives?
  • How do you promote your business?

You are probably thinking, "there are just too many areas for me to look at, and I just don't have the time to deal with it."

The key to creating your marketing plan and achieving your roadmap to success is to take one area at a time. Think about the question and take time to review and answer each one. Once you have answered it, go back over it again and have others in your company also look at the question and give their input.

The next step is to implement the plan, setting up periodic reviews to see if it is working. If not, go back through the questions again and see if you overlooked something of if there have been any changes that are impacting the sales process.

Remember, your marketing plan is not locked in concrete it is a roadmap to guide you to your company's success in achieving your sales and marketing objectives.

Now more than ever it is key to have a marketing plan in place with the economy being what it is. It will quickly help you target areas that need improvement and the end result will be that you will increase sales which will reflect your bottom line.

Robbie Motter is the owner of Contacts Unlimited and specializes in Marketing/PR Consulting, speaking/training and Coaching. She also is a partner in the ASLA/Contacts Unlimited Speakers Bureau, and serves as the Western & Mid Atlantic Regional Coordinator for NAFE the largest global business women's network with over 66,000 members. She can be reached by calling 888-244-4420 or email rmotter@aol.com her website is http://www.rmotter.com

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