The purpose of the market analysis is to set the stage for presenting your marketing strategy.
The purpose of the market analysis is to set the stage for presenting your marketing strategy.Tags: How To Write An Essay On A MovieEssay On Principles Of PopulationFinancial Analysis AssignmentMan In The Water Essay Copy4life Business PlanCreative Writing On New Year ResolutionGeneral Officer AssignmentsLiterature Review Abstract ExampleAppearance Versus Reality Macbeth EssayThe Young Generation Essay
In the marketing strategy section of your plan, you'll address issues such as: You'll find it useful to keep in mind the 4 Ps of marketing (product, price, promotion and place) as you define the scope of your marketing strategy.
Be sure to stress what is unique about your business.
An integral component of any business plan is a strategy for getting your product or service to your targeted customers. One challenge in developing your business plan is selecting the sales channel that is most effective.
For instance, if you're in a business where you provide services personally, your participation in the sales process can be extensive.
In addition to the back office tasks, the contractor will also spend time meeting with potential customers, discussing the job, preparing and submitting bids or estimates, etc.
These are vital sales activities and are essential to keeping work lined up.The market analysis presents your conclusions regarding external market factors that will affect your business.It examines the totality of the business environment in which you will compete.The marketing and sales plan usually includes a calendar that ties marketing and sales activities to specific operational events.For example, an advertising campaign may begin some months before a new product is ready to be sold.Can you afford enough repetition of the ad to make it memorable?How will you assess whether you're getting your money's worth from the radio spots?As the date of the new product introduction approaches, the ad campaign would be stepped up.Once the new product hits the market, additional advertising is used to support specific sales objectives.If you will be the entire sales force, try to quantify the activities and time involved.For example, a remodeling contractor won't spend all of the time actually working on houses.