Appendix 1: The Marketing Plan

  1. MARKET ANALYSIS
    1. Target Market--Who are the customers?
      1. We will be selling primarily to (check all that apply):

 

Total Percent
of Business

a. Private sector      

______

     

______

b. Wholesalers

______

     

______

c. Retailers

______

     

______

d. Government

______

     

______

e. Other

______

     

______

      1. We will be targeting customers by:

a. Product line/services.
    We will target specific lines:

________________

b. Geographic area? Which areas?      

________________

c. Sales? We will target sales of

________________

d. Industry? Our target industry is:

________________

e. Other?

________________

      1. How much will our selected market spend on our type of product or service this coming year?

$________________

    1. Competition
      1. Who are our competitors?

NAME

________________________________________

ADDRESS

________________________________________

 

________________________________________

Years in Business

___________________

Market Share

___________________

Price/Strategy

___________________

Product/Service Features

___________________

 

      1. How competitive is the market?

High

____________________

Medium      

____________________

Low

____________________

      1. List below your strengths and weaknesses compared to your competition (consider such areas as location, size of resources, reputation, services, personnel, etc.):

Strengths

Weaknesses

1._______________________      

1._______________________

2._______________________

2._______________________

3._______________________

3._______________________

4._______________________

4._______________________

    1. Environment
      1. The following are some important economic factors that will affect our product or service (such as trade area growth, industry health, economic trends, taxes, rising energy prices, etc.):
        ________________________________________________
        ________________________________________________
        ________________________________________________
      2. The following are some important legal factors that will affect our market:
        ________________________________________________
        ________________________________________________
        ________________________________________________
      3. The following are some important government factors:
        ________________________________________________
        ________________________________________________
        ________________________________________________
      4. The following are other environmental factors that will affect our market, but over which we have no control:
        ________________________________________________
        ________________________________________________
        ________________________________________________
  1. PRODUCT OR SERVICE ANALYSIS
    1. Description
      1. Describe here what the product/service is and what it does:
        ________________________________________________
        ________________________________________________
        ________________________________________________
    2. Comparison
      1. What advantages does our product/service have over those of the competition (consider such things as unique features, patents, expertise, special training, etc.)?
        __________________________________________________
        __________________________________________________
        __________________________________________________

2.      What disadvantages does it have?
__________________________________________________
__________________________________________________
__________________________________________________

    1. Some Considerations
      1. Where will you get your materials and supplies?
        __________________________________________________
      2. List other considerations:
        __________________________________________________
        __________________________________________________
  1. MARKETING STRATEGIES--MARKET MIX
    1. Image
      1. First, what kind of image do we want to have (such as cheap but good, or exclusiveness, or customer-oriented or highest quality, or convenience, or speed, or...)?
        __________________________________________________
    2. Features
      1. List the features we will emphasize:
        1. __________________________________________
        2. __________________________________________
        3. __________________________________________
    3. Pricing
      1. We will be using the following pricing strategy:

a. Markup on cost

____     

What % markup?

_____

b. Suggested price

____

 

 

c. Competitive

____

 

 

d. Below competition  

____

 

 

e. Premium price

____

 

 

f. Other

____

 

 

      1. Are our prices in line with our image?
        YES___       NO___
      2. Do our prices cover costs and leave a margin of profit?
        YES___       NO___
    1. Customer Services
      1. List the customer services we provide:
        1. ____________________________________________
        2. ____________________________________________
        3. ____________________________________________
      2. These are our sales/credit terms:
        1. ____________________________________________
        2. ____________________________________________
        3. ____________________________________________

3.      The competition offers the following services:

        1. ____________________________________________
        2. ____________________________________________
        3. ____________________________________________
    1. Advertising/Promotion
      1. These are the things we wish to say about the business:
        ____________________________________________________
        ____________________________________________________
        ____________________________________________________
      2. We will use the following advertising/promotion sources:

1. Internet

________

2. Television/Radio

________

3. Direct mail

________

4. Personal contacts

________

5. Trade associations      

________

6. Newspaper

________

7. Magazines

________

8. Yellow Pages

________

9. Billboard

________

10. Other

________

      1. The following are the reasons why we consider the media we have chosen to be the most effective:
        __________________________________________________
        __________________________________________________
        __________________________________________________