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Appendix 1: The Marketing Plan |
- MARKET ANALYSIS
- Target Market--Who are the customers?
- We will be selling primarily to (check all that apply):
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Total Percent
of Business
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a. Private sector
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b. Wholesalers
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c. Retailers
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d. Government
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e. Other
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- We will be targeting customers by:
a. Product line/services.
We will target specific lines:
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b. Geographic area? Which areas?
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c. Sales? We will target sales of
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d. Industry? Our target industry is:
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e. Other?
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- How much will our selected market spend on our type of product or service this coming year?
$________________
- Competition
- Who are our competitors?
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NAME
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________________________________________
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ADDRESS
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________________________________________
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________________________________________
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Years in Business
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___________________
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Market Share
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___________________
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Price/Strategy
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___________________
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Product/Service Features
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___________________
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- How competitive is the market?
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High
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____________________
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Medium
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____________________
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Low
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____________________
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- List below your strengths and weaknesses compared to your competition (consider such areas as location, size of resources, reputation, services, personnel, etc.):
Strengths
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Weaknesses
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1._______________________
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1._______________________
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2._______________________
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2._______________________
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3._______________________
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3._______________________
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4._______________________
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4._______________________
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- Environment
- The following are some important economic factors that will affect our product or service (such as trade area growth, industry health, economic trends, taxes, rising energy prices, etc.):
________________________________________________
________________________________________________
________________________________________________
- The following are some important legal factors that will affect our market:
________________________________________________
________________________________________________
________________________________________________
- The following are some important government factors:
________________________________________________
________________________________________________
________________________________________________
- The following are other environmental factors that will affect our market, but over which we have no control:
________________________________________________
________________________________________________
________________________________________________
- PRODUCT OR SERVICE ANALYSIS
- Description
- Describe here what the product/service is and what it does:
________________________________________________
________________________________________________
________________________________________________
- Comparison
- What advantages does our product/service have over those of the competition (consider such things as unique features, patents, expertise, special training, etc.)?
__________________________________________________
__________________________________________________
__________________________________________________
- What disadvantages does it have?
__________________________________________________
__________________________________________________
__________________________________________________
- Some Considerations
- Where will you get your materials and supplies?
__________________________________________________
- List other considerations:
__________________________________________________
__________________________________________________
- MARKETING STRATEGIES--MARKET MIX
- Image
- First, what kind of image do we want to have (such as cheap but good, or exclusiveness, or customer- oriented or highest quality, or convenience, or speed, or...)?
__________________________________________________
- Features
- List the features we will emphasize:
- __________________________________________
- __________________________________________
- __________________________________________
- Pricing
- We will be using the following pricing strategy:
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a. Markup on cost
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What % markup?
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b. Suggested price
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c. Competitive
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d. Below competition
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e. Premium price |
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f. Other |
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- Are our prices in line with our image?
YES___ NO___
- Do our prices cover costs and leave a margin of profit?
YES___ NO___
- Customer Services
- List the customer services we provide:
- ____________________________________________
- ____________________________________________
- ____________________________________________
- These are our sales/credit terms:
- ____________________________________________
- ____________________________________________
- ____________________________________________
- The competition offers the following services:
- ____________________________________________
- ____________________________________________
- ____________________________________________
- Advertising/Promotion
- These are the things we wish to say about the business:
____________________________________________________
____________________________________________________
____________________________________________________
- We will use the following advertising/promotion sources:
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1. Internet
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2. Television/Radio
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3. Direct mail
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4. Personal contacts
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5. Trade associations
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6. Newspaper
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7. Magazines
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8. Yellow Pages
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9. Billboard
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10. Other
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- The following are the reasons why we consider the media we have chosen to be the most effective:
__________________________________________________
__________________________________________________
__________________________________________________
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