Marketing Plan Builder - ATB Financial

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MarketingPlan Builderatb.com

Marketing Plan BuilderATB Marketing Plan BuilderA good marketing plan is the first step towards growing anybusiness. ATB’s Marketing Plan Builder will help you createa strategy for raising awareness of your business, findingthe right customers, and bringing them in the door, too.Phase 1Phase 2ResearchStrategiesYearPricing and positioning strategyExecutive summaryDistribution strategyMarketing goalsMarketing materialsCore brand elementsPromotional strategyBrand statementsOnline marketing strategyTarget marketSocial media strategyCreating a Unique Selling Proposition (USP)Lead conversion planCompetitionRetention planMarketing scheduleFinancial projections2

Marketing Plan BuilderPhase 1ResearchThe more you know about your own business, the market and the competition,the better your marketing will be. That’s why the first step towards effectivemarketing is research.YEARYour marketing plan should be created one year at a time and reviewed every three months tomake sure that it’s on track.EXECUTIVE SUMMARYA quick elevator pitch that summarizes your company’s marketing goals. Complete thislast using the work your complete in the rest of the templaate.3

Marketing Plan BuilderMARKETING GOALS1.Goals should be Specific, Measurable, Attainable, Realistic and Timely—in other words, SMART.2.For example, increase Twitter followers by 500 by July of this year.3.4.5.CORE BRAND ELEMENTSThe ideology of your company’s brand and the feelings that it inspires. If this makes youscratch your head, try imagining your brand as a person—an individual with their owntastes, history, dreams and fears. Try writing some notes about them with details like:-Favorite foods, bands or hobbies-Demographic information like age, gender and occupation-Consumer habitsOnce you’ve developed a sense of your brand’s core elements, it is time to create brandstatements.4

Marketing Plan BuilderBRAND STATEMENTSOne-sentence manifestos of your brand. For example, Fiasco Gelato, an ATB client,communicates its mission with simple, powerful statements like “Quality means doing itright when no one is looking,” “Enriching people’s lives one tiny spoonful at a time,” and“Simple, honest and filled with passion.” Brand statements that faithfully reflect thevalues of your business will be the most useful.TARGET MARKETWho is your marketing plan aimed at? This is divided into primary and secondary markets.PrimaryThe people most likely to buy your products and services right now. They will account for mostof your revenue. The more specific your primary market, the better you can target them withmarketing. Include the following information:Demographics: who is your target market? Think of things like age, gender, race,education, occupation and income.5

Marketing Plan BuilderGeography: where is your target market? Think of things like country, province, city,or even neighbourhood, and where they spend their time offline and online.Psychology: what does your target market think? Think of things like their values,their passions and what they refuse to put up with.Consumer habits: how does your target market shop? Includes factors likepreference for online shopping, what influences their purchase decisions, how oftenthey will shop and their brand loyalty.SecondaryThese people are your future primary buyers and those who influence your current primary buyers.Demographics: who is your secondary market? Think of things like age, gender, race,education, occupation and income.6

Marketing Plan BuilderGeography: where is your secondary market? Think of things like country, province,city, or even neighbourhood, and where they spend their time offline and online.Psychology: what does your secondary market think? Think of things like their values,their passions and what they refuse to put up with.Consumer habits: how does your secondary target market shop? Includes factors likepreference for online shopping, what influences their purchase decisions, how oftenthey will shop and their brand loyalty.CREATING A UNIQUE SELLING PROPOSITION (USP)With your target market and brand statements defined, you’re ready to create your USP, whichis a statement that explains what sets you apart from your competitors.1. Start with the three most important things that make your business unique.2.3.7

Marketing Plan BuilderCOMPETITIONWho else is trying to market to the same people that you are?Competitor1.Name of businessWhat do theyoffer?Competitorproduct/serviceWhat is theirmarket share?How much of themarket are theydominating? Thismight take somework from you tofigure out.For example if yourcompetition ownsan ice cream shopyou can figure outtheir market shareby figuring out thetotal number of ice2.cream shops in thesame area and thenumber that theyown.3.4.5.8StrenghtsThese are internalfactors working infavour of theirbusinessWeaknessesThese are internalfactors workingagainst theirbusiness

Marketing Plan BuilderANALYSIS OF TOP COMPETITIORSDetailed analysis of your top two competitors is also helpful. Research the following questions foreach competitor:What types of media do they use for marketing?How frequently do they use each type of media?How much of this do they pay for (for example, online ads)? How much do they getfor free (for example, customers Tweeting about a good experience)?What types of media do they use for marketing?How frequently do they use each type of media?9

Marketing Plan BuilderPhase 2StrategiesNow that you know your USP and how it relates to the marketplace, you’re ina good position to create smart, effective marketing strategies. The followingare some proven approaches you can use. They won’t all apply equally to everybusiness, but each is worth thinking about.PRICING AND POSITIONING STRATEGYWhere do you want your brand to be positioned in the market place? How does yourprice align with this? What percentage of market share do you expect to acquire?DISTRIBUTION STRATEGYHow will your customers get your product or service? Is it available online, in person,delivered to their house? How do your competitors deliver to their customers? List thedifferent distribution options available to you.10

Marketing Plan BuilderMARKETING MATERIALSWhat are you using to promote your business to current customers? Include a list ofeverything you have or are planning to create over the next year.PROMOTIONAL STRATEGYHow will you reach potential new customers? This could include trade shows, televisionor radio ads, events and online marketing.ONLINE MARKETING STRATEGYWhat are you doing to maximize your online presence? This should include whichkeywords you want to optimize on your website, any paid online programs that allow youto target your customers and search engine optimization.11

Marketing Plan BuilderSOCIAL MEDIA STRATEGYWhich platforms are you going to use? How frequently are you going to post? What areyou going to post? Who will deal with client interactions on social media? What does yoursocial media “voice” sound like? This should also include hashtags that you want to use.For more information on social media, check out our Entrepreneur’s Guide to Starting aBusiness.LEAD CONVERSION PLANHow you will turn a prospect customer into a paying customer? What is the customerexperience with your company like?RETENTION PLANHow are you going to keep your customers coming back? This could include things likemonthly newsletters or VIP cards.12

Marketing Plan BuilderMARKETING SCHEDULEJanMarketing schedule: Include key monthly milestones and any applicable themes.FebMarAprMayJunJulAugSepOctNovDec13

Marketing Plan BuilderFINANCIAL PROJECTIONSInclude projected costs for all the aspects of this plan. Edit as you need and as you go! Make sureyou capture everything to help you track your ROI on your investment.ProjectStart DateEnd DateProjected CostActual CostAdvertisingTotal AdvertisingBudgeted amount 0.00Total amount 0.00Social MediaTotal AdvertisingBudgeted amount 0.00Total MarketingBudgeted amount 0.0014Total amount 0.00Total amount 0.00

Marketing Plan BuilderThe follow throughNow that you’ve taken the time to make this plan, it is important to follow through.Who in your business is accountable for executing this strategy? How will you trackreturn on your marketing investments?Remember: Rome wasn’t built in a day. Neither was Google, for that matter.Patience and persistence are some of the most valuable assets for any businessowner. If you need more help, check out ATB’s Entrepreneur Centre or book anappointment with one of our experts.15

Marketing Plan Builder 12 SOCIAL MEDIA STRATEGY LEAD CONVERSION PLAN RETENTION PLAN. Marketing Plan Builder 13 MARKETING SCHEDULE Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec. Marketing Plan Builder 14 FINANCIAL PROJECTIONS Include projected costs for all the aspects of th

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