Developing a Strategic Marketing Plan for Small Businesses

Post on 28-Oct-2014

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Marketing can be overwhelming for any small business owner. Learn where to start and how to determine what tool is perfect for your business. We review the most common tools and the pros and cons or each.

Transcript of Developing a Strategic Marketing Plan for Small Businesses

Strategic Marketing Kristin Slice, MA

Marketing Stats • 60% of small business plan on increasing their

use of networking, speaking and tradeshows in 2012.• In 2010, use of print advertising dropped by

33%; use of print Yellow Pages declined 18 %; and use of direct mail decreased 26 %. • 51 percent of local merchants get at least one

online marketing sales call a week, with 10 percent getting called almost on a daily basis.

Everything I learned about marketing…

A Different World

• Relationship Building • People Purchase Differently • Value Based

43% of consumers report doing some type of research before they buy (AMP Agency)

• Leveraging Tools and Resources• Creating System • Not focused on Pure Lead Generation

Inbound marketing-dominated organizations experience a 61% lower cost per lead . (Hubspot, 2012)

Watcha got there? I’ll take it!

Marketing versus Sales

Marketing Strategy

What is the purpose of your car ?

Where are you going?

Engine- Sales

Marketing – The Body

Marketing Strategy

Engine- Sales

Without the proper strategy your marketing could look more like this….

Marketing Strategy

• Goals• Target Audience • Unique Value Message• What tools are going to be the most effective? • Do all of the tools work together?

Example: Guille

• Background• Problem• Goal • Solutions • Results

Marketing Tools

Advertising

• Definition • When it is the most

effective? • Common mistakes

Marketing Tools

Direct Mail• Definition • When it is the most

effective? • Common mistakes

Marketing Tools Website

• Definition • When it is the most

effective? • Common mistakes

Marketing Tools Social Media • Definition

• When it is the most effective?

• Common mistakes

Good Marketing / Bad Marketing

Good Marketing / Bad Marketing

Good Marketing / Bad Marketing

Good Marketing / Bad Marketing

Good Marketing / Bad Marketing

Results

• Create a Strategy • Find Resources and

Research • Execute Campaign

(6-7 touches) • Call to Action / Ask for

Business • Monitor and Repeat

Conclusion

Conclusion