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Freelance
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Career & Business Development Help





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How to Create an Effective Marketing Plan
by Yuwanda Black
The
following was adapted from the e-book,
The Small Biz Owner's
Complete Marketing Kit!
Order
here.
To sell your product/service, you must have an
effective, consistent marketing plan in place.
Most
small business owners don't market consistently because
they say they can't afford to. However, if you combine
one low-cost method with one free method, you will never
have an excuse NOT to market.
Following are the exact steps you need to take to
create an effective, automatic marketing plan:
1. Choose two marketing methods you can implement all
the time.
Why two? Four reasons. First, marketing
requires variety; second, your business will grow
faster; third, you can use one method to target existing
customers and another to generate new leads; and fourth,
you can combine one low-cost with one free method.
To make it easy, choose two
that are within your skill set and price range.
For
example, if you don't have strong writing skills, you
might not want to start with a sales letter.
Two that I started with
were: 1) e-mail campaigns (because they're low-cost and
target existing customers); and 2) article distribution
(because it's free and they garner publicity, which
generates new leads).
2. Work the Numbers:
Decide on a financial goal. How much do you want to make
this month, quarter, year? Make it a number you can
realistically achieve. If you are new, you may feel a
little bit in the dark here. But if you are starting a
business, you should at least have a rough draft of a
business plan. Go to the financial portion of this plan
and pull out some figures.
Pretend your goal is
$25,000/year. Breaking it down by day, that's roughly
$68.50/day, or $480 week (7-day week).
Looking at the
price of your product/service, how many pieces do you
have to sell/hours you need to bill to reach this goal?
How many prospects do you have to convert to reach your
goal?
This exercise forces you to
see in black and white what you need to be doing on a
daily, weekly, monthly basis to reach sales goals.
3. Write a Schedule:
Now that you have chosen two plans to implement and know
how many sales you need to generate, you need to write
out a schedule to meet these sales goals. You are much
more likely to accomplish goals if you write them down.
RECOMMENDATION: At the beginning of every
quarter, write out a marketing schedule.
Literally
break it down by weeks, then days. This way, you will
know what marketing tasks need to be accomplished every
day.
As with any new task, adhering to a
strict schedule in the beginning is crucial because the
habits have to become ingrained.
Your schedule might looking
something like this:
Monthly
Goal: 2 Email Campaigns; 4 Articles
Week 1:
**Design and Schedule E-mail Campaign for January 15th
**Write
and Distribute One Article 25
media outlets
Week 2:
**Write
and Distribute One Article 50
media outlets
Week 3:
**Design
and Schedule E-mail Campaign for January 30th
**Write
and Distribute One Article 25 media outlets
Week 4:
**Write and Distribute One Article to 50 media outlets
It seems so simple once it's
written out, you'll wonder why you didn't do it
beforehand!
Tip:
A constant part
of marketing is finding new places to pitch your
product/service. You can outright buy a direct mail list
to get started.
If you can't afford to
purchase a media/customer list list from a broker, scour phone books,
the Internet, membership directories, etc. for the
contact information of any person, place or organization
you can think of that uses your product/service.
Your
local library is a good place to start. Add names and
addresses to your database.
In no time, you will have put together your own in-house
list -- the best kind.
4. Follow Your Written Plan:
Don't write it and put it away. Put it in a place where
you can see it every day — all day, if necessary. In
fact, finish your marketing objectives first, then
tackle other responsibilities. After all, if you don't
market, there won't be anything else to attend to.
Good luck!
*********************************
The
Small Biz Owner's Complete Marketing Kit!
a complete "how-to, shoe
string" marketing guide for entrepreneurs
- specifically geared for those who are
serious about growing their small business
and want to get a handle on marketing -
now! It will show you how to increase
sales, generate leads, and save time &
money. A must-have if you are truly serious about growing your business.
May be reprinted with inclusion of the following:
©2000-2050, Yuwanda Black. InkwellEditorial.com
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