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An 8-step marketing action plan for small businesses
The success of a business depends mainly on how the brand is received and perceived by customers. An influential marketing strategy determines the nature and extent of perception and audience reach, especially for small businesses, and hence forms an integral part of its success. The essence of small-business marketing lies in harnessing channels to garner maximum exposure for products or services. Here are some key components and steps for designing an effective marketing action plan. What does a marketing action plan include? Usually, a startup marketing plan includes the following: Brand strategy: This step establishes the company’s identity and stand-out features in the market, which is why it is often considered the foundation of a marketing action plan. Content: Content in different forms, whether digital or print, sets the tone of the company’s offerings, like products or services, and helps to establish the brand image in the market. Advertising: This step allows the content to reach a wider audience by strategically promoting it through various channels. Tips to develop a small business marketing plan Research the market It’s important to research the market one is planning to enter thoroughly. This step involves a SWOT analysis – strengths, weaknesses, opportunities, threats.
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