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Developing a Concise Marketing Plan

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Updated:  
2016-03-26 20:08:44
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From The Book:  
Getting Started in Business Plans For Dummies, Australian Edition
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Your marketing plan can be an elaborate 50-page business plan or a simple paragraph. In fact, many professional marketers suggest the simple one-paragraph plan because it's focused and identifies the key components. A productive one-paragraph marketing plan has the following elements:

  • Purpose: What's the marketing plan supposed to accomplish?

  • Benefits: How will your products and services satisfy the needs of the customer?

  • Customer: Who's your primary customer, and what's your strategy for building long-term relationships with that customer?

  • Company image: How will the customer see your company? Remember, customers will contribute to positioning your company in the marketplace.

  • Niche: What's the niche in the market that your company has defined and will serve?

  • Tactics: What specific marketing tools will you use to reach customers? You can utilize advertising, promotion, a Web site, publicity, and so on.

  • Budget: How much of your budget will you allocate to this effort?

About This Article

This article is from the book: 

About the book author:

Kathleen Allen, Ph.D., is a professor of entrepreneurship at USC. Her books include The Complete MBA For Dummies and eBusiness Technology Kit For Dummies.

Peter Economy is a Wall Street Journal best-selling business author and ghostwriter with more than 125 books to his credit, including multiple For Dummies titles.