Marketing Plan Outline -

Marketing Plan Outline
In today's very competitive internet market, a strategy that insures a consistent approach to offering products or services that will outsell the competition is critical.

However, in concert with defining the 'marketing strategy', you must also have a well defined methodology or plan for the day to day process of implementing it.

It is of little value to have a strategy if you lack the expertise or resources to implement it.

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The Strategic Marketing Plan

In most organizations, "strategic marketing planning" is an annual process that typically covers just the year ahead. To be most effective, the marketing plan has to be formalized, usually written as a Word document and defined as a "formal marketing plan". The essence of this process is that it moves from generalized information to specific information; from the overall corporate objectives down to the individual department action plans or a part of one marketing program. It is also an interactive and collaborative process, so that the draft output of each stage is gathered, checked and reviewed to see what impact it has on the earlier stages - and then amended accordingly.

At Catanich, we recommend that this plan cover a full two years ahead, updated quarterly and lay the foundation for the Internet Marketing Calendar to be covered later. Like scheduling Trade Shows two years in advanced, you will find that the Search Engines (Google) will have a major affect on the Internet Marketing Calendar. Specifically, their web page "Indexing" schedule and how that will have an affect between a "new product introduction" vs. SE's web site indexing schedule (or what we call a "randomized delay").

The following is a Sample Marketing Plan that we give to our clients and help them fill out. It lays the foundation for furture decisions to be made and helps out with the question, "How does our 'brick & morter' marketing plan integrate with our new 'internet' marketing plan?"

"Or will it conflict?"

Question: Who will get credit for the sale? The web site, the shopping cart, Ebay, Outside Sales, Inside Sales, Technical Support, etc.?

Marketing Plan Outline

Name of company, date, contact information, etc.

Table of Contents

Executive Summary

A high-level summary of the marketing plan.

  • The Challenge
  • Company Analysis
  • Competitor Analysis

    • The Challenge

    Brief description of product to be marketed and associated goals, such as sales figures and strategic goals.

    Situation Analysis

    Company Analysis

  • Goals
  • Focus
  • Culture
  • Strengths
  • Weaknesses
  • Market share

    • Customer Analysis

  • Number
  • Type
  • Value drivers
  • Decision process
  • Concentration of customer base for particular products

    • Competitor Analysis

  • Market position
  • Strengths
  • Weaknesses
  • Market shares

    • Collaborators

  • Subsidiaries
  • joint ventures
  • distributors
  • vendors

    • Climate

    Macro-environmental PEST analysis

  • Political and legal environment
  • Economic environment
  • Social and cultural environment
  • Technological environment

    • SWOT Analysis

    A SWOT analysis of the business environment can be performed by organizing the environmental factors as follows:

  • The firm's internal attributes can be classed as strengths and weaknesses.
  • The external environment presents opportunities and threats.

    Market Segmentation

    Present a description of the market segmentation as follows:

    Segment 1

  • Description
  • Percent of sales
  • What they want
  • How they use product
  • Support requirements
  • How to reach them
  • Price sensitivity

    • Segment 2

  • Description
  • Percent of sales
  • What they want
    • ...

    Segment N

    Alternative Marketing Strategies

    List and discuss the alternatives that were considered before arriving at the recommended strategy. Alternatives might include discontinuing a product, re-branding, positioning as a premium or value product, etc.

    Selected Marketing Strategy

    Discuss why the strategy was selected, then the marketing mix decisions (4 P's) of product, price, place (distribution), and promotion.

    Product

    The product decisions should consider the product's advantages and how they will be leveraged. Product decisions should include:

  • Brand name
  • Quality
  • Scope of product line
  • Warranty
  • Packaging

    • Price

    Discuss pricing strategy, expected volume, and decisions for the following pricing variables.

  • List price
  • Discounts
  • Bundling
  • Payment terms and financing options
  • Leasing options

    • Distribution (Locations)

    Decision variables include:

  • Distribution channels, such as direct, retail, distributors & intermediates
  • Motivating the channel - for example, distributor margins
  • Criteria for evaluating distributors
  • Locations
  • Logistics, including transportation, warehousing, and order fulfillment

    • Promotion

  • Advertising, including which media, with whom, and how much.
  • Public relations
  • Promotional programs
  • Budget; determine break-even point for any additional spending
  • Projected results of the promotional programs

    • Short & Long-Term Projections

    The selected strategy's immediate effects, expected long-term results, and any special actions required to achieve them. This section may include forecasts of revenues and expenses as well as the results of a break-even analysis.

    Conclusion

    Summarize all of the above.

    Exhibits

    Calculations of market size, commissions, profit margins, break-even analyses, etc.