Showing posts with label Finishing Your Marketing Plan. Show all posts
Showing posts with label Finishing Your Marketing Plan. Show all posts

Monday, May 24, 2010

The 3 Differences in Your International Marketing Plan

Already have a marketing plan for your household? You need a plan for international marketing? Of course, we can assume that these two marketing plans, will never be the same. There are three differences, you must include in the planning of international marketing.
 
Feedback
When marketing in the foreign markets is necessary to stimulate feedback from the market. Indeed, this must beof your top priorities right from the beginning.
When you first start targeting a foreign country you will need to adjust your communication and your marketing and sales strategies.
It is important to understand how your communication is received in a different culture. And this takes time to understand well.
As you get to know your foreign markets you still need to pay attention. In order to seize business opportunities, and avoid bad decisions, you need to know what is going on.
Place a high priority on stimulating feedback in your international marketing plan.

Flexibility
Again, it is all about getting to know markets that are different from your home market.
As you get to know and understand these new prospects better you will need to adjust your marketing. Simply put:
Your international prospects react differently to your products.
These differences may be very subtle. They can also appear at any stage of your international business. But if you stimulate feedback and listen for these differences you can:
Improve your international results.
Become present in your foreign markets.
A little time spent double checking your strategies can save you time, money and cultural blunders. So, plan for flexibility. Include a process of evaluations, and room for change, in your international marketing

Profitability
In an international marketing plan you need for accountability are even more elements of marketing. The economy may depend on international efforts.
What does this mean? Here is a simple action plan:
Check your international marketing plan
Creating a process
Include measures that can be measured
Review these steps for the relevance
Use this procedure to createaccountability
Review results for viability
This gives your business the tools to make the right decisions to grow in foreign markets. Include a process for marketing accountability in your international marketing plan.

Use Your International Marketing Plan
Incorporate these 3 elements in your international marketing plan and add one more. Next all you need is to:
Put your international marketing plan into action.
Even if you start with the most basic marketing plan, all you really need is to take action and give priority to these 3 differences. Your market feedback, flexibility and viability analysis will guide you through the rest.

Sunday, November 15, 2009

Finishing Your Marketing Plan

Marketing plans can feel like a pain in the neck (not to mention other body parts). Reality is quite the opposite. Small business owners, and others without a boss to impose a due date, often find themselves "too busy" to complete a marketing plan or update the existing one. If this sounds like you, then you are leaving profits on the table and the best thing you can do for your business is finish a 2007 marketing plan. Here are five tips to help you follow through with planning:

Have an Approach To Planning

Before you begin, research different options and tools for writing your marketing plan. There are several correct ways to complete a plan.

Once you have chosen your approach, stick to it. If you begin pulling procedures from several different methods, you may become overwhelmed and never finish. The critical part is completing the plan so you have a strategic document to act from.

Make Time To Finish a Formal Plan

If you do not set aside dedicated time for completing your marketing plan, it will always be pushed to the back burner and never completed. Schedule marketing plan development as you would a meeting. Block time out on your calendar and keep that appointment.

Build in Implementation Timelines and Evaluation Measures

Your marketing plan isn’t worth the paper it’s printed on (or the drive it’s stored on) without strong implementation. Following timelines leading up to and evaluating performance during execution can make for smoother implementation.

You can use specialized project management tools to automate timeline creation or do it manually in a spreadsheet or text document. If you are completing a timeline manually, start with the due date and work backwards. Note each major project milestone leading up to completion and the time needed for each component. This will give you intermediate deadlines, so you will know if you fall behind schedule. Leave room for comments and notations about who is responsible for each aspect of implementation.


Also, know how you will measure success, and set up ways to monitor project results. Problems are easiest to solve early on, before the entire budget has been spent and there is time to adjust for improvement.

Execute Year Round

The place for your marketing plan is "front and center," not in a drawer next to the tax returns. Refer to it often throughout the year as you execute the marketing programs you've planned. This keeps you focused on programs in the plan.

Measure Opportunities Against Strategies

New marketing opportunities present themselves often. Without a visible plan, you may find yourself darting after opportunities instead of following a strategic plan. Whenever a new opportunity arises, refer to your marketing plan and ask yourself if it fits with one of your marketing strategies. If so, decide (1) which program in your plan it will replace and (2) if funds are best spent on the original or new project. By going through this exercise, you will be less inclined to make poor marketing decisions.

Take these tips to heart and you’ll find your business running more smoothly and profitably.

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