Technology & Data
Social Change Agent Survey: Passion, Skill Set, and Persistence Lead to Career GrowthSandy Carter's 6 Social Business Lessons to Learn from Candy Crush5 Tips for Creating a Company Culture that Connects with Your Sweet Spot ClientsWhy Leadership Should Be a Collaborative Exercise
8 Internet User Statistics Every Small Business Should Know AboutCan't Find Time for Social Media? This Approach Will Help6 Ways to Turn Your Small Business into a Media Hub
- Social Organization
Beyond Engagement: Why Advocacy Is Always About the PeopleFormer IBM Senior Advisors Launch Brands Rising to Build Employee Advocacy ProgramsPerformance and Risk Management Through Social Media TrainingEmployee Advocacy Summit: Advocate Stories from the Field
- Customer Service
Join us September 15th in Atlanta for The Employee Advocacy Summit and learn how to unleash the power of your employees.
Post your event here and we'll share it with our community. If one of our members is featured, we'll promote as well on their profile.
- Marketplace & Webinars
The SMT Marketplace
Your resource for exclusive content and insights from Social Media Today, and opportunities to reach our community of professionals.
The Social Business Book Club brings you books, discussions, and insights from today's to business thought leaders.
Join interactive talks and and panel discussions with leading thinkers and practitioners on social media and networked business, or browse the catalogue of recorded sessions - all completely free.
Reach Social Media Today's community of marketing and communications professionals in an editor-approved context with a native advertising package.
10 Reasons to Create a Simple Marketing Plan
Posted on July 19th 2013
A simple marketing plan that outlines all the important pieces needed to successfully and consistently market your business is something every small business should create. Whether you want to focus solely on inbound marketing or you want to integrate online with off-line marketing activities, there are 10 important reasons why your small business needs a realistic but simple marketing plan.
- To specify a vision for your business
To solidify your mission
- To outline what you want to accomplish
- To describe your ideal client
- To articulate what makes you different
- To provide a road map for achieving your goals
- To help you focus on what is important
- To create an action plan for what you need to do and when
- To track your progress
- To remind you that this is your business and not a hobby
Let’s take a look at the key parts of your marketing plan that needs your attention:
Your business vision
Your vision statement is a vivid description about what you want your business to be such that it inspires and motivates you and helps you create a mental picture of the business you want.
There are benefits to having a clear vision statement:
- Serves as a compass to keep you heading in the right direction.
- Enables you to assess the many opportunities that are presented to you and make decisions based on whether the opportunity helps you get closer to your vision.
- Helps you measure your progress, set goals, establish priorities, and know when to say no.
- Enables you to focus on what needs to be done to get there and eliminate anything that wastes time and takes energy away from what is valuable to achieving your dream.
Your mission statement
Your mission is a concise statement of what your business does, developed from the customer’s perspective, and aligned with the vision for the business. It should answer these three questions:
- What do we do? Specifies what you deliver to your customers, not in terms of process, but by the real needs that are fulfilled for your customers when they do business with you.
- How do we do it? Defines the type of products and services you sell and deliver to your customers.
- For whom do we do it? Identifies the target market that is most likely to buy your products and services.
Knowing the answers to these questions provides focus for your business and helps you move from the present into the future.
What you want to accomplish
Research has shown a direct link between setting goals and the probability of success. By setting goals and writing them down you are forced to be specific about what you want to achieve, how you will get there and by when. Your marketing goals should be:
- Focused on achieving your vision.
- Prioritized and tackled 2 or 3 at a time.
- Monitored and measured.
It’s common to reassess goals quarterly and adjust the time frames and priorities based on what is happening around you. Life happens and you need to give yourself room to change.
Your ideal target client
Defining the unique group of people or businesses that you want to work with, who want or need what you have to offer and are willing to spend money to satisfy that need have several benefits, such as:
- Identifying whether there really is a market need for your products and services.
- Clearly communicating the value you offer and why your target should work with you.
- Discovering opportunities to provide additional services that have been overlooked by others.
- Establishing yourself as an expert in serving that market.
- Providing a target for all of your marketing efforts.
Being focused on one particular market enables you to make better choices for all of your marketing efforts, saving you time and money on activities that don’t make sense for your business and the clients you serve.
What makes you different
The Internet levels the playing field for small businesses, but in turn, it creates a very crowded market place. Those who can describe how they are different have a competitive advantage over those who cannot.
So how do you make your business stand out from the rest?
The secret to defining what makes your business different is to understand what your ideal client really wants and make sure you deliver it better than anyone else. What do you uniquely offer that your clients find amazing? Do you:
- Find simpler ways of doing things?
- Serve a niche market better than anyone else?
- Bring a new perspective to challenges that offer unique solutions?
- Package your services in a way that appeals to your ideal client?
- Create systems that help clients learn how to do things more effectively?
Usually what makes us different may not be a complicated process or service but in fact, it may be something that is simple but has the effect of wowing our clients. We are taught to believe that things of value have to be hard or complex. Just because these things we do are easy for us does not mean they are easy for others. You need to become consciously aware of this value you provide and use it to your benefit.
Your marketing road map for achieving your goals
You wouldn’t take a trip without planning your route. Marketing your business is no different – you need a plan to guide you towards your destination. This plan defines the marketing strategies and the tactics within each strategy that you will use to achieve a particular goal. Marketing strategies and their associated tactics to consider are:
|Blogging / guest blogging||Develop and publish search-engine friendly, quality content regularly – schedule based on your resources|
|Social media marketing||Determine which social networks are relevant to your business then develop a plan to build your visibility and expert reputation|
|Content Marketing||Define your content marketing plan for topics then use email marketing, blog comment strategy or blogging to communicate your expertise and message to your target audience. Repurpose your content using different media – eBook, podcast, video, presentation, infographics|
|Search engine marketing||Define your top 10 keywords and optimize your website, directory listings, and social media profiles to increase visibility in the search engines. Sign up and take advantage of the Google Authorship program to increase visibility for our original content.|
|Event marketing||Host webinars, tele-clinics or virtual conferences. Publicize the event through your blog and social media outposts. Consider using sponsored posts on Facebook & Twitter|
|News / media /Public Relations||Become an expert resource for the media, gain visibility through newsworthy activities. Send out press releases, write bylined articles, write and publicize a book|
|PPC advertising||Create and manage pay-per-click advertising on Google, Bing, Facebook or Twitter.|
To create an action plan for what you need to do and when
A marketing action plan eliminates random activities that create haphazard results. It takes your road map one step further and assigns dates, topics and other activities to each activity so that it eliminates the guess work – you always know what you’re doing and when you’re doing it.
To remind you that this is your business and not a hobby
Most of us built our businesses around our passion and in doing so enjoy our work every day. However, if you are in business to be successful, then you need to view marketing as an investment and take the proper steps to ensure you are maximizing your resources. A simple marketing plan that is well defined with an action plan to help you be consistent ensures you are focusing on the success of your business.
Have you created your simple marketing plan?