By Bill James | October 30, 2007 - 8:37 am - Posted in Marketing Mix, Marketing Plan
Marketing plan serves several purposes:
- Reaching potential customers costs money, so your marketing plan must be carefully thought out and written down. A well conceived marketing plan serves several important purposes:
- It guides you into writing a brief, non-technical description of your company. From this description you can extract your company’s mission statement, which is a short, to the point statement about your company. Once written, it becomes the focal point of all your company’s marketing.
- It unifies your entire organization and gives everyone a common goal by establishing marketing objectives.
- It narrows your marketing effort by defining a target customer.
- It makes you look at your competition and allows you to discover how you are better and how you need to improve.
- It allows you to discover both your strengths and weaknesses and turn them into marketing advantages.
- It stimulates your ability to make wise decisions when it comes to deciding on your communication strategies.
- It forces you to look at a specific marketing timetable. Having a plan is the number one factor in minimizing the cost of marketing your company.
- A goal is a dream with a time limit.


