Module 2: Why Do You Need a Marketing Plan?
There are many benefits to creating and maintaining a working marketing plan. Once you have one, you’ll wonder how you ever got along without it.
It’s often said that all who wander are not lost.
And it’s true. Having an open mind to what’s possible and new terrain is key when it comes to creativity, innovation, and developing your marketing skills.
But where wandering is less useful is when it comes to consistent, dependable results. And, if you are like most service providers, you’re depending on your marketing campaigns to actually deliver.
To drive this home, consider these specific reasons why a good marketing plan is so essential.
If you have a good marketing plan in place, it’s easy to alter your marketing strategy and tactics when required. Every market and industry changes, and you may have to tweak your strategy in order to keep up with these changes.
With a solid marketing plan, you can also more easily evaluate new opportunities that emerge. A marketing plan allows you to shift your strategy accordingly and stay on track toward your business goals.
This flexibility is important to keep at the top of your mind. Your marketing plan is just that: a plan. When strategies don’t pan out or someone develops a promising, well-grounded tactic, you can adjust a crystal clear plan accordingly with your goals in mind. That’s much more effective than muddling through changing circumstances.
Your marketing plan also offers a rallying point for those involved, including your employees and investors. A good map inspires the crew of your ship and gives them faith in their captain. They can easily understand what you’re trying to achieve and how you’re trying to achieve it.
Your marketing plan gives you a view of the big picture, and thus more control over your business’s marketing. It’s absolutely essential for any type of business, whether large or small. So, let’s get started writing your marketing plan.
Start your Marketing Plan by using the worksheet provided to list your long-term and short-term business goals.
If you don’t already have business goals, think of them in terms of revenue, costs, operations, and overall business growth. You’ll be identifying the marketing strategies you want to use as part of achieving those goals a little later in this course.
We’ve filtered through the best of what is available to provide you with actionable advice in our Deep Dive recommendations that are from the most trusted resources and are designed specifically to promote professional practices like yours.
As we touched on above, it’s important to remember that your marketing plan does not need to be set in stone.
Or, as Forbes put it in an article we recommend reading:
“This is your marketing plan, not the Declaration of Independence.” – Jim Joseph
You can dig into why flexibility is so important and how to bake it into your marketing plan in the full article here.