A marketing strategy shows how you will reach
customers and encourage their future loyalty.
It focuses on the best opportunities for increasing
sales and rising above the competition by focusing on
the company’s strengths.
Your marketing plan should be
straightforward and provide a clear
direction for your marketing efforts.
It should outline the
• The products and services you
• Your pricing, channel and
• Financial projections
marketing plan build the
course of action for a
To help yousucceed,we have
put togetherthe key
components of a successful
Want to quickly create your marketing plan? Get the ultimate Marketing Plan Template here!
Want to quickly create your marketing plan?
Get the Ultimate Marketing Plan Template here!
Your executive summary should sum up your
entire marketing plan and includes and overview
of the following:
• Target customers
• Value proposition
• Distribution strategy
• Promotional methods
• Customer conversion strategy
• Online marketing strategy
• Key financial projections
Provide a detailed summary of who your
target customers are and their needs and
Without this understanding, your
marketing ROI (return on investment) will
Also note the 80/20 rule-20% of your
customers will generate 80% of your
Unique Selling Proposition
A strong Unique Selling Proposition (USP) is one of the
most important elements of your marketing plan. It will
lower your lead cost and increase your conversion rates.
Your USP separates your product or service from your
competitors and makes it a “unique, must have” item.
Your pricing strategy should reflect your
branding strategy- How would you like
customers to think about your business?
These questions will help determine your
• What prices do/will you charge for each of
your products and/or services?
• How do/will these prices compare to your
Your distribution plan details how
customers will buy from you. You
need to determine both your
direct distribution methods (retail
location, company website, direct
mail, catalog) and your indirect
methods (distributors and other
retailers & partners).
Craft powerful offers that you
promote to customers in
order to make your product
and/or service offerings more
irresistible to them.
Good offers will drive more
new customers to you, and
also drive past customers
back to you.
Every business needs professional marketing materials,
• Business Cards
• Print Advertisements
• Promotional products/giveaways
• Article Reprints
• Case Studies
• Customer Testimonials
• Employee shirts/uniforms
Your promotions strategy details
how customers will learn about
your company and its products
Consider how your target market
acts and/or prefers to receive
Your goal is to find the
promotional strategies that will
reach the largest number of target
customers at the lowest cost.
Online Marketing Strategy
This section of your marketing plan details
your online marketing strategy, mainly the
ways you will promote your company online.
There are four key components to your online
• Keyword strategy
• Search engine optimization strategy
• Paid online advertising strategy
• Social media strategy
This strategy will help you increase your
conversion rates, or the percentage of
prospective customer who you interact with
who end up buying from you.
Note that increasing your conversion rates
can dramatically increase your profits, as
your big marketing costs are typically used to
get customers in the door.
Joint Ventures and Partnerships
Joint ventures and partnerships can be used
• Obtain new prospective customers
• Increase the revenues you generate from
A referral strategy uses leverage to inexpensively gain
new customers. The referral strategy leverages your
While referral systems are a great way to inexpensively
use your existing contacts to gain new clients, optimizing
your referral system is key.
Strategy for Increasing Transaction Prices
While your primary goal is typically to close the
sale, your secondary goal is to maximize the
price of the sale, or the transaction price.
You can maximize your transaction price by:
• Raising prices
• Offering packages
• Upselling and cross-selling
• Selling continuity programs
• Increasing the order size
Your retention strategy focuses on maximizing the
lifetime value of these customers.
The goal is getting customers to buy from you again
and again and again.
Cost of developing marketing
Cost of promotions
Lead and revenue
Based on the marketing strategy outlined in
your plan, provide the financial results:
entrepreneurs, business owners
and executives create plans to
grow their organizations.
To learn more about our
marketing plan template,