Sunday, September 12, 2010

Pointers for Small Business Marketing Plan

You need a small business marketing plan if you are serious about being an Internet Marketer. You do not venture into a business without a good and well thought of plan. This plan would ensure that you know your objectives from the very start. This would also determine if you are on the right path. Here are some tips for you to adapt. Use the SMART method. SMART stands for S – Simple, M- measurable, A – Attainable, R – Relevant, and T – Time- bound.

Keep the Plan Simple

The simpler the plan, the more you can implement it. What is the use of a grandiose plan if you cannot do it because of its complexity? By providing a simple plan, step-by-step plan, you already started the process. But, before you plan, you have to do some market research about the demand of the market, how to supply that demand sufficiently without spending more than necessary, and how to market the product. So, you plan based primarily on three factors, the customers’ demand, the product, and the marketing procedure. You should also have short term and long term plans so you would know when you have achieved milestones. These will also determine if you are on the right path.

The results should be measurable

How can you know if you have succeeded in your short term and long term goals? You should set some milestones for this. If your goal is to earn $1000 within a month, then your milestone can be, “Having $1000 in your savings account.” If you have achieved this, then you will know that you are slowly fulfilling your goals. A small business marketing plan should have this important aspect.

Set goals that you could attain

Is it possible? Anything is possible to the determined mind, but there are limitations: you cannot include the goal: “After a month, I shall have sold 100 products to Martians.” This is an exaggeration just to give you an idea. That is why you have your short term goals, so you could do it gradually but surely. You can also do it the fastest way, if you are certain it is fail-safe.

Your business should be relevant to the present consumers

Do customers need the product? Can you market the product readily? Your business should be providing the services that the present consumers would prefer over the other brands or models. If you are marketing cell phones then, sell the latest model.

Set your goals within a certain duration of time

You should have a specific time limit. Be clear about what you want to achieve after 5, 10, and 15 years. There should always be an allotted specific duration for a certain goal. Your small business marketing plan must consider all these aspects. Plan wisely and you will succeed.

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