IBTimes.com

Search

  Marketing/Sales
Marketing and sales is the livelihood of any company. Find out how to increase sales and optimize your marketing budget.
 
 
Sub Categories
- Market Research and Reports
- Marketing Plans
- Trade Shows and Exhibitions
   Tips for writing a marketing plan  
From : Business Link
Marketing/Sales >

A good marketing plan:

sets clear, realistic and measurable targets - for example, increasing sales by 10 per cent includes deadlines for meeting targets
provides a budget for each marketing activity specifies who is responsible for each activity Poorly thought-out objectives will cause problems. For example, you might set a target for the number of new enquiries. But if none of these enquiries turn into sales, you will have increased costs without any benefits.

Link to your strategy
Assess the business environment to identify the opportunities and threats that you face. Look for where you can capitalise on your strengths or where you need to overcome a weakness.

Every part of your business must work together. For example, if you have limited cashflow you should avoid seeking large orders from customers who demand extended credit or that will involve you in heavy up-front costs.

Remember to focus on your long-term strategy. Reducing customer service might boost short-term profits, but next year you might not have any customers left.

Make it happen
A plan will not happen by itself. You need to make someone responsible for monitoring progress and chasing up overdue activities. Reviewing progress will also help you learn from your mistakes so that you can improve your plans for the future.

 
Keywords
 
tips , good , plan , marketing
 
Advertisement
 
Toolbar | Bizdir | Bizquiz | Calendar | Today's History | Classifieds | Web Directory | E-Library IBTimes.com
 © 2006 The IBTimes Company. All Rights Reserved.