Appendix 1: The Marketing Plan
- MARKET ANALYSIS
- Target Market--Who are the customers?
- We will be selling primarily to (check all that apply):
Total Percent
of Businessa. Private sector ______ ______ b. Wholesalers ______ ______ c. Retailers ______ ______ d. Government ______ ______ e. Other ______ ______ - We will be targeting customers by:
a. Product line/services.
We will target specific lines:________________ b. Geographic area? Which areas? ________________ c. Sales? We will target sales of ________________ d. Industry? Our target industry is: ________________ e. Other? ________________ - How much will our selected market spend on our type of product or service this coming year?
$________________
- We will be selling primarily to (check all that apply):
- Competition
- Who are our competitors?
NAME ________________________________________ ADDRESS ________________________________________ ________________________________________ Years in Business ___________________ Market Share ___________________ Price/Strategy ___________________ Product/Service Features ___________________ - How competitive is the market?
High ____________________ Medium ____________________ Low ____________________ - List below your strengths and weaknesses compared to your competition (consider such areas as location, size of resources, reputation, services, personnel, etc.):
Strengths
Weaknesses
1._______________________ 1._______________________ 2._______________________ 2._______________________ 3._______________________ 3._______________________ 4._______________________ 4._______________________
- Who are our competitors?
- Environment
- The following are some important economic factors that will affect our product or service (such as trade area growth, industry health, economic trends, taxes, rising energy prices, etc.):
________________________________________________
________________________________________________
________________________________________________ - The following are some important legal factors that will affect our market:
________________________________________________
________________________________________________
________________________________________________ - The following are some important government factors:
________________________________________________
________________________________________________
________________________________________________ - The following are other environmental factors that will affect our market, but over which we have no control:
________________________________________________
________________________________________________
________________________________________________
- The following are some important economic factors that will affect our product or service (such as trade area growth, industry health, economic trends, taxes, rising energy prices, etc.):
- Target Market--Who are the customers?
- PRODUCT OR SERVICE ANALYSIS
- Description
- Describe here what the product/service is and what it does:
________________________________________________
________________________________________________
________________________________________________
- Describe here what the product/service is and what it does:
- Comparison
- What advantages does our product/service have over those of the competition (consider such things as unique features, patents, expertise, special training, etc.)?
__________________________________________________
__________________________________________________
__________________________________________________ - What disadvantages does it have?
__________________________________________________
__________________________________________________
__________________________________________________
- What advantages does our product/service have over those of the competition (consider such things as unique features, patents, expertise, special training, etc.)?
- Some Considerations
- Where will you get your materials and supplies?
__________________________________________________ - List other considerations:
__________________________________________________
__________________________________________________
- Where will you get your materials and supplies?
- Description
- MARKETING STRATEGIES--MARKET MIX
- Image
- First, what kind of image do we want to have (such as cheap but good, or exclusiveness, or customer-oriented or highest quality, or convenience, or speed, or...)?
__________________________________________________
- First, what kind of image do we want to have (such as cheap but good, or exclusiveness, or customer-oriented or highest quality, or convenience, or speed, or...)?
- Features
- List the features we will emphasize:
- __________________________________________
- __________________________________________
- __________________________________________
- List the features we will emphasize:
- Pricing
- We will be using the following pricing strategy:
a. Markup on cost ____ What % markup? _____ b. Suggested price ____ c. Competitive ____ d. Below competition ____ e. Premium price ____ f. Other ____ - Are our prices in line with our image?
YES___ NO___ - Do our prices cover costs and leave a margin of profit?
YES___ NO___
- We will be using the following pricing strategy:
- Customer Services
- List the customer services we provide:
- ____________________________________________
- ____________________________________________
- ____________________________________________
- These are our sales/credit terms:
- ____________________________________________
- ____________________________________________
- ____________________________________________
- The competition offers the following services:
- ____________________________________________
- ____________________________________________
- ____________________________________________
- List the customer services we provide:
- Advertising/Promotion
- These are the things we wish to say about the business:
____________________________________________________
____________________________________________________
____________________________________________________ - We will use the following advertising/promotion sources:
1. Internet ________ 2. Television/Radio ________ 3. Direct mail ________ 4. Personal contacts ________ 5. Trade associations ________ 6. Newspaper ________ 7. Magazines ________ 8. Yellow Pages ________ 9. Billboard ________ 10. Other ________ - The following are the reasons why we consider the media we have chosen to be the most effective:
__________________________________________________
__________________________________________________
__________________________________________________
- These are the things we wish to say about the business:
- Image
Copyright © 2019 Kenneth C. Laudon and Carol G. Traver