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The Importance of a Marketing Plan

There aren't many things in life that youinformation? They should be able to answer
would get into with out a plan. Marketing isthis question and should be updating their
no different. Your overall marketing planinformation monthly.You can get burnt on
should cover about a six month period, andmailing lists - it is the most expensive part
should be made up of weekly and monthlyof your campaign. Ask friends who own
marketing schedules.This is how you do it:1.businesses. Don't just purchase from the
Figure out how much money is in yourfirst person that tries to sell you mailing
budget.As we all know, marketing of any kindlists. Do your research.3. Select what media
costs money. How much money you are willingto use. (i.e., Direct Mail, Television,
to commit to the cause is going to determineRadio, etc.)This decision will depend on both
some key factors about how that money can beyour budget and your target market. If you
best spent. Remember, you want to behave not done a good deal of marketing in the
economical but you also need to be realisticpast we recommend picking one media to start.
on what it will take to pull in the leads youThis is much easier to keep track of and you
need to close new and repeat business.2.will better be able to tell whether or not it
Determine your target market.Who is mostis working. Also, since repetition is the key
likely to buy your product? Are they married?to marketing success, using one media to
Are they business owners? What is theirbegin with will help you reach the same
income level? These are the people that youpeople  multiple  times.  If  you  run  a
want to target. One of the most common
mistakes in marketing is answering "Everyone"newspaper ad and send out a postcard, you
to the question "Who is your target market?"run the risk of the majority of the people
It may be that you have more than one targetonly seeing your ad once. However, if you
market, but there is no product in the worldsend out the postcard twice you can guarantee
that appeals to each and every person. Eventhat you get your message to the same people
Coca-Cola targets different people withtwice and you will start to build
different messages. Decide who is MOST LIKELYrecognition.Once you are getting the returns
to buy what you have to sell and target them.that you want from the first media, or if you
Your message to teenagers will be differentdecide that it is not working for you, you
than your message to housewives even if thecan branch out into another form of
product is exactly the same. Differentadvertising. Over time you will build up a
markets may require different mail pieces orvery diverse marketing plan.4. Make a
advertisements.2a. Using the Right MailingSchedule and Stick with It.Figure out how
List.In making sure that your message ismany people you have in your target market.
getting across to the right people - peopleFor this example we will use Direct Mail
who are in the market for what you'reMarketing. If you have a mailing list of
offering usually comes down to finding thepeople in your target market that has 1500
right mailing list.There is a great deal tonames, figure out how many times per month
know about mailing lists. There are pointersyou can mail a postcard to them and still
you could follow when buying a mailing liststay within your monthly budget. Once you
that tell you what to watch for in a mailingcome up with this number, do it!The
list company to make sure they're reputable.importance of having a marketing plan cannot
They are:i) Get references. Talk to otherbe stressed enough. Create one and follow it
people that have purchased mailing lists fromand you'll start seeing the benefits.Joy
that company.ii) Do they guarantee onGendusa founded PostcardMania in 1998; her
delivery? That means due to the inevitableonly assets a computer and a phone. In 2004
number of bad addresses there are in a list,the company did close to $9 million in sales
can they still guarantee a high percentage ofand employs over 60 persons. She attributes
deliverable addresses. That number should beher explosive growth to her ability to choose
90% or better. People move all the time so aincredible staff and her innate marketing
mailing list company cannot guarantee 100%savvy. Now she's sharing her marketing
deliverability - but they should guarantee atsecrets with others.
least 90%.iii) How often do they update their



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