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To start a business and be successful, in addition to the business plan , you need to design a marketing plan, which must be in perfect harmony with your business objectives . Unfortunately, the majority of Spanish SMEs fail in marketing. Only 55% have a marketing and communication department as entrepreneurs do not consider it important, according to a study by Oak Power . computersmarketing
What is the marketing plan of a company?
The marketing plan is a basic tool in any company that intends to
be competitive in the current market. It contains
the marketing objectives, the different strategies to achieve them and the
evaluation indicators . It provides a clear vision of
the end goal and the way forward, allowing you to calculate how long it will
take to achieve certain goals and what resources will be required. hollyhealthfitness
What are the advantages of the marketing plan
for SMEs?
Without proper planning, all the actions you take in your SME
involve a higher level of risk or can waste resources and energy. Instead,
having a marketing plan for your business will allow you to: webtechgalaxy
- Know the market better and
differentiate yourself from the competition by providing unique value.
- Have clear marketing goals
that lead to increased sales.
- Identify the most profitable
marketing strategies for your SME, so that you can intelligently allocate
the budget obtaining the highest possible return on investment. healthbeautystudio
- Improve the positioning of
the products, gain market share and increase the recognition of your
brand.
How to make the marketing plan of a company?
Do a market analysis
The
first step in designing your SME's marketing plan is to assess the market, to
decide if it is worth investing in that sector or if you should slightly change
course. Analyze the competition to discover neglected niches and new
business opportunities . With all the data collected, perform a
SWOT analysis where you summarize the strengths, weaknesses, threats and
opportunities of the company . This way you can
have a broader and more objective view of the position of your SME in the
sector. answerhop
Profile your buyer persona
The
marketing strategy must start from a deep knowledge of the target audience. It is not
enough to segment according to age, gender and socioeconomic level, you must go
deeper to know their needs, desires, preferences, values and purchasing habits . Create
your buyer persona, or different profiles that allow you to design tailored
offers aimed at satisfying different needs.
Set your marketing goals
What
are the marketing goals that you set yourself to achieve in the short and long
term? Those goals will guide you along the way, so you can know where you
are and how much you are missing. The fundamental thing is that they are SMART
objectives; that is, specific, measurable, achievable, relevant and
framed within a specified period of time .
Define your unique sales proposition
Based
on the market analysis and the marketing objectives that you have set for
yourself, you must create a unique sales proposal that differentiates your SME
from the competition. What makes your business special? Why should
customers choose you? That unique sales proposal
can range from a special product or service to a story, but it must reflect the
corporate identity and, above all, it must be relevant and attractive to your
buyer persona . Federal Express, for example, succeeded with a clear
value proposition: deliver overnight.
Design marketing strategies
The
marketing plan of your SME must contain the necessary steps to achieve the
objectives. Ideally, you should go from general actions to more specific
tasks. Do you need to make packaging changes ,
strengthen branding or
include complementary services? Are you going to implement up-selling and cross-selling strategies ? Do
you have to improve customer service? In addition to determining marketing
strategies, you must choose the communication channels that you will use to
convey your message. Remember that the best advertising campaign,
transmitted by the wrong channels, can turn into a fiasco since it will not
reach your target audience.
Establish KPIs and evaluate results
Many
company marketing plans skip this step, but if you don't evaluate the results,
you won't be able to correct course, optimize your budget, or refocus
your advertising campaigns . Before starting any
action, you must establish the key performance indicators (KPIs), which
will help you check if you are achieving the expected results . It
is also important that you review the accounting to see the income and expenses
that you are facing and to know if the campaigns are really being profitable.
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