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5 STEPS TO CREATING A MARKETING PLAN
THE STEPS IN CREATING A MARKETING
PLAN ARE BROKEN DOWN INTO 3 PHASES.
•Planning Phase
•Implementation Phase
•Control Phase
PHASE ONE: PLANNING PHASE
•Mission of business
•Objectives of business
Step 1
Mission Statement
•Situational analysis
•SWOT
Step 2
Analyze
MISSION AND OBJECTIVES
A mission statement will convey your
company’s objectives and
plans/activities you wish to achieve.
SITUATIONAL/SWOT ANALYSIS
•S – Strengths
•W – Weaknesses
•O - Opportunities
•T - Threats
PHASE 2: IMPLEMENTATION
•Segmentation
•Targeting
•Positioning
Step 3
Identify and evaluate
opportunities
•Product
•Price
•Place
•Promotion
Step 4
Implement 4 P’s
SEGMENTATION, TARGETING , AND
POSITIONING
•Segmentation – Divide market into
groups
•Targeting – Decide which segment to
pursue
•Positioning – Define how product
compares to competing products
4 P’S IN MARKETING
•Product – What you’re offering and value it
creates
•Price – Customers must believe it is fair for what
the receive
•Place – Make readily accessible
•Promotion – Various ways of communicating
product to potential consumers
PHASE 3 - CONTROL
•Evaluate
performance using
marketing metrics
Step 5
MARKETING METRICS
•Compare performance results across
regions, time periods, products, and
strategic business units. These can help
understand why things happen, what can
be done to fix problems, and a look into
possible futures of products or
strategies.

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Creating a Marketing Plan

  • 1. 5 STEPS TO CREATING A MARKETING PLAN
  • 2. THE STEPS IN CREATING A MARKETING PLAN ARE BROKEN DOWN INTO 3 PHASES. •Planning Phase •Implementation Phase •Control Phase
  • 3. PHASE ONE: PLANNING PHASE •Mission of business •Objectives of business Step 1 Mission Statement •Situational analysis •SWOT Step 2 Analyze
  • 4. MISSION AND OBJECTIVES A mission statement will convey your company’s objectives and plans/activities you wish to achieve.
  • 5. SITUATIONAL/SWOT ANALYSIS •S – Strengths •W – Weaknesses •O - Opportunities •T - Threats
  • 6. PHASE 2: IMPLEMENTATION •Segmentation •Targeting •Positioning Step 3 Identify and evaluate opportunities •Product •Price •Place •Promotion Step 4 Implement 4 P’s
  • 7. SEGMENTATION, TARGETING , AND POSITIONING •Segmentation – Divide market into groups •Targeting – Decide which segment to pursue •Positioning – Define how product compares to competing products
  • 8. 4 P’S IN MARKETING •Product – What you’re offering and value it creates •Price – Customers must believe it is fair for what the receive •Place – Make readily accessible •Promotion – Various ways of communicating product to potential consumers
  • 9. PHASE 3 - CONTROL •Evaluate performance using marketing metrics Step 5
  • 10. MARKETING METRICS •Compare performance results across regions, time periods, products, and strategic business units. These can help understand why things happen, what can be done to fix problems, and a look into possible futures of products or strategies.