The Importance of a Marketing Plan

There aren't many things in life that you would100% deliverability - but they should guarantee at
get into with out a plan. Marketing is no different.least 90%.iii) How often do they update their
Your overall marketing plan should cover about ainformation? They should be able to answer this
six month period, and should be made up ofquestion and should be updating their information
weekly and monthly marketing schedules.This ismonthly.You can get burnt on mailing lists - it is
how you do it:1. Figure out how much money is inthe most expensive part of your campaign. Ask
your budget.As we all know, marketing of anyfriends who own businesses. Don't just purchase
kind costs money. How much money you arefrom the first person that tries to sell you mailing
willing to commit to the cause is going tolists. Do your research.3. Select what media to
determine some key factors about how thatuse. (i.e., Direct Mail, Television, Radio, etc.)This
money can be best spent. Remember, you wantdecision will depend on both your budget and your
to be economical but you also need to be realistictarget market. If you have not done a good deal
on what it will take to pull in the leads you needof marketing in the past we recommend picking
to close new and repeat business.2. Determineone media to start. This is much easier to keep
your target market.Who is most likely to buytrack of and you will better be able to tell
your product? Are they married? Are theywhether or not it is working. Also, since repetition
business owners? What is their income level?is the key to marketing success, using one media
These are the people that you want to target.to begin with will help you reach the same people
One of the most common mistakes in marketingmultiple times. If you run a
is answering "Everyone" to the question "Who isnewspaper ad and send out a postcard, you run
your target market?" It may be that you havethe risk of the majority of the people only seeing
more than one target market, but there is noyour ad once. However, if you send out the
product in the world that appeals to each andpostcard twice you can guarantee that you get
every person. Even Coca-Cola targets differentyour message to the same people twice and you
people with different messages. Decide who iswill start to build recognition.Once you are getting
MOST LIKELY to buy what you have to sell andthe returns that you want from the first media,
target them. Your message to teenagers will beor if you decide that it is not working for you,
different than your message to housewives evenyou can branch out into another form of
if the product is exactly the same. Differentadvertising. Over time you will build up a very
markets may require different mail pieces ordiverse marketing plan.4. Make a Schedule and
advertisements.2a. Using the Right Mailing List.InStick with It.Figure out how many people you
making sure that your message is getting acrosshave in your target market. For this example we
to the right people - people who are in thewill use Direct Mail Marketing. If you have a mailing
market for what you're offering usually comeslist of people in your target market that has 1500
down to finding the right mailing list.There is anames, figure out how many times per month
great deal to know about mailing lists. There areyou can mail a postcard to them and still stay
pointers you could follow when buying a mailing listwithin your monthly budget. Once you come up
that tell you what to watch for in a mailing listwith this number, do it!The importance of having a
company to make sure they're reputable. Theymarketing plan cannot be stressed enough. Create
are:i) Get references. Talk to other people thatone and follow it and you'll start seeing the
have purchased mailing lists from that company.ii)benefits.Joy Gendusa founded PostcardMania in
Do they guarantee on delivery? That means due1998; her only assets a computer and a phone. In
to the inevitable number of bad addresses there2004 the company did close to $9 million in sales
are in a list, can they still guarantee a highand employs over 60 persons. She attributes her
percentage of deliverable addresses. That numberexplosive growth to her ability to choose incredible
should be 90% or better. People move all thestaff and her innate marketing savvy. Now she's
time so a mailing list company cannot guaranteesharing her marketing secrets with others.