Developing a Marketing Communications plan
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Developing a Marketing Communications plan

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Issues to consider when writting a MarCom plan for your startup.

Issues to consider when writting a MarCom plan for your startup.

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Developing a Marketing Communications plan Developing a Marketing Communications plan Presentation Transcript

    • Developing A Successful
    • Marketing Plan
    SRMarCom
    • A successful marketing plan integrates all marketing activities with all other company departments to surround the consumer without them ever knowing they are being inundated with your message.
    • A successful plan is a MarCom Plan
    SRMarCom
  • MarCom is an Integrated Marketing and Communications Plan. MarCom elements serve as the foundation of a company’s business plan. MarCom ensures that all company departments and personnel communicate the same message to the same targeted audience. What Is MarCom? SRMarCom
  • Goals of MarCom
    • Define Market
    • Create A Clear & Concise Message
    • Ensure the Message is Consistent & Accurate
    • Position/Brand the Company/Product
    • Track Responses
    • Forecast
    SRMarCom
  • How To Begin
    • In creating a product, you must first ask
    • “ What can be sold?”
    • If production / engineering / development state “I can do this – it’s really neat!”.
    • The marketer must ask “Is there a market and can it be sold?” If not, as interesting as the product would be, it’s a waste of company resources.
    SRMarCom
  • Developing A Full MarCom Plan
    • Define your goals: What do you want your end result to be? (This should be more than just “King of the World”)
    • Define your market: To whom can you sell to achieve your end goals? (Research, Research, Research)
    • Define your strategy: How will you sell your product? (Do you want to be known for quality – selling at a higher price – or as a mass marketer – selling at a lower price?)
    • Define your tactics: What are the specifics in selling your product? (What avenues / channels will you take to sell your product?)
    SRMarCom
  • Define Your Goals
    • What is it you want out of your work?
    • Sample:
    • “ I want my software to be known as the best CAD product for landscapers in the industry – complete, easy to use and affordable for independents as well as firms.”
    SRMarCom
  • Define Your Market
    • Situation Analysis
    • Market Analysis: Determine market size, market segmentation, and market growth.
    • 2. SWOT: Conducted on the company and product. (Strength, Weakness, Opportunity, and Threat)
    • 3. Competitor Analysis: Conducted on all competitors and competitive products.
    SRMarCom
  • Market Analysis
    • Market Size: What is the best case potential?
      • Surveys
      • Magazine Readership
      • Census Bureau – age, education, business, income, spending, geography
      • List Houses, Schools
      • Competitor Web Sites
    • Market Segmentation: What is your niche?
      • Parse Market Size numbers into targeted populations for your niche market. Where is the best chance of a sale?
      • Behavior Analysis
    • Market Growth: What will the future hold?
      • What are the projections in the field you are selling to?
    SRMarCom
  • SWOT
    • Strength: What are your and your product’s attributes?
            • What can you or your product do better than others?
    • Weakness: Where are your and your product’s short comings
    • Opportunity: What are the market trends?
            • Where can you surpass your competition?
    • Threat: What is it the competitors can do better than you?
    SRMarCom
  • SWOT
    • Analysis must include the company’s history (where it was, where it is and how did it get there).
    • Company growth
    • Product offerings
    • Sales Volume
    • Markets Served
    SRMarCom
  • Competitor Analysis
    • Who are the competitors?
    • What niche markets do they serve?
    • Where do they sell?
    • How do they price their products?
    • What is their financial status?
    SRMarCom
  • Define Your Strategy
    • Who is your market?
    • Why did you choose this market?
    • What behavior of your market can you target?
    • Decide:
      • How will you compare to competitors?
      • What is the pricing structure?
      • What is your positioning?
      • What are your benefits / value?
    SRMarCom
  • Define Your Tactics
    • Define your product
    • Define your price
    • Define your channels of distribution
    • Define your MarCom Plan
      • Advertising Direct Response
      • Press Releases Promotions
      • Public Relations Telemarketing
      • Web Site
    SRMarCom
  • What’s Next?
    • Develop response measurements
    • Assess resources (personnel – monies)
    • Develop budget
    • Develop time line for implementation
    SRMarCom
  • Next Steps
    • For more information or to contact the author:
    Andy Forbes [email_address]