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MARKETING YOUR BUSINESS FOR SUCCESS
WORKSHOP INTRODUCTION
MARKETING YOUR BUSINESS FOR SUCCESS
WORKBOOK
Training Module - 3
Workshop Objectives
By the end of this workshop, you should be able to:
* Determine the purpose of the marketing plan
- Identify strategies for conducting market research
- Identify advantages of market research
* Determine what the marketing plan contains
- Target market
- Competition
- Product/service
- Marketing budget
- Location
- Pricing strategy
- Promotional strategy
* List
- advantages of developing a marketing plan
- disadvantages of developing a marketing plan
* Prepare a marketing plan outline
* Develop an effective marketing strategy
- Advertising strategy
- Promotional strategy
MARKETING YOUR BUSINESS FOR SUCCESS - THE MARKETING PLAN -
UNDERSTANDING THE MARKETPLACE
Marketing plays a vital role in successful business ventures. How
well the plan you develop markets your business, along with the
management and financial management plans, will ultimately
determine your degree of success or failure. The key elements of
a successful marketing plan are to 1) know your customers --
their likes, dislikes and expectations, and 2) to know your
competitors -- their strengths and weaknesses. By identifying
these factors, you can develop a marketing strategy that will
allow you to arouse and fulfill customers needs, better
understand competitors and identify changes in the marketplace
that can affect your bottom line.
The purpose of the marketing plan is to define your market, i.e.,
identify your customers and competitors, to outline a strategy
for attracting and keeping customers and to identify and
anticipate change. Your business will not succeed simply be
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