Discuss the basic components of the marketing process using a product or service of your choice as a

Conduct Your Distribution Planning Note that detailed planning about developing and maintaining distribution channels is often included in the operations or management plans, rather than in the marketing plan.

What size scolor sand so on, should it be? Marketing Plan Basics 1. The simple plans, if researched and implemented effectively, have the greatest impact. What does your market need, what do they currently use, what do they need above and beyond current use?

These additional markets are often where you should focus promotions and additional sources of assistance and revenue. What is the price point at which your competitors are selling, and what segment of the market are they aiming to reach?

When selecting methods, consider what communications methods and media will be most effective in reaching target markets groups of customers and when. However, you should always be willing to enhance or redirect your plan based on what proves successful.

Four Essential Components of a Marketing Plan

What customer needs are you competing to meet? However, the marketing analysis should focus on selecting the methods of distribution that best meet the needs of target markets and the organization.

It can also be used to test your existing marketing strategy. See Managing Media Relations. Do you need to use a sales force? Place Where do buyers look for your product or service? One of the best known models is the 4Ps of Marketing, which helps you define your marketing options in terms of product, place, price, and promotion.

What should be considered when naming a product or service? How does your product relate to the market?

Psychographic factors are another way to determine the target market, such as only marketing a product or service to those with certain lifestyles.

Every business needs to begin with a well structured plan that is based in thorough research, competitive positioning and attainable outcomes. Visit my website for my free ebook, The Art of Sellingto learn how to close your deals.

How does one define a target market? What is intellectual property? Are customers very satisfied with your services?Research is the backbone of the marketing plan.

Your local library is a great place to start, offering reports like Standard & Poors or IBISWorld. Some library cards even allow access to online services from home.

Free Micro-eMBA Module #7: Marketing Your Products/Services and Promoting Your Organization

List Your Target Market(s) for the Product/Service. 2. In the table in Framework for Basic Marketing and Promotions Plan, write a brief description of the major groups of customers who will benefit from your product/service and the major benefits to them.

Remember that the overall strategic goals of the organization very much determine whom you want to. "Marketing mix" is a general phrase used to describe the different kinds of choices organizations have to make in the whole process of bringing a product or service to market.

The 4Ps is one way – probably the best-known way – of defining the marketing mix, and was first expressed in by E. J. McCarthy. The 4Ps are: Product (or. The marketing plan needs to set out a clear line of thinking about what differentiates your product or service from the others on the market and gives it an air of uniqueness.

Last Updated: Nov 10, A marketing plan is the first step in creating a successful marketing program for your business. Fortunately, it doesn't have to be complicated in order to work.

The Marketing Mix and the 4Ps of Marketing

Here are the ten basic components of a marketing plan. Discuss The Basic Components Of The Marketing Process Using A Product Or Service Of Your Choice As An Example [pic] Discuss, with reference to current authors, what is meant by a ‘ marketing orientation’ and/or a “ marketing oriented company.”.

Discuss the basic components of the marketing process using a product or service of your choice as a
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