Home

What can a
marketing
plan achieve

About
Marketing
Plan Builder

To order
marketing
plan builder

Marketing
Workshops

Complete
 Marketing
 Plan
Development

Marketing
Services

About
Garth Kester

Contact us

Blog

 

 

 

 

 

 

 

 

A ‘marketing makeover’ could take your business to the next level

When you are running a business, time constraints often mean the task of reviewing the overall direction of the enterprise is placed on the ‘back burner’. It takes a concerted effort to step back from day-to-day issues, to make the time periodically, to work on your business instead of in it”.

One consequence of losing touch with changing market conditions is that growth opportunities can ‘slip through the radar’. With imports continuing to place unrelenting pressure on local manufacturers, the need to extract every advantage as a local supplier has never been more critical.

It is almost impossible to run a business effectively ‘in your head’ or ‘on the run’. Most of us would not attempt a major undertaking of any kind without first having a plan in place. Yet the majority of small to medium enterprises operate without a strong sense of direction of any description.

If this sounds familiar, your business could almost certainly benefit from a ‘marketing makeover’ in which the development of a structured marketing plan will give you the framework to evaluate those aspects of your sales and marketing activities in which improvements may be available.

Without a plan, we are merely busily handling random activity. With one, we are adopting a systematic approach to re-examining our products and services, our customers and prospects and to developing effective strategies that achieve realistic goals.

A marketing plan gives us the building blocks to determine the best course of action for our company to pursue and make better use of finite resources.

Time limitations aside, the thought of putting a plan together can be a daunting prospect. Without guidance and a structure in place it can be difficult to know where to start and how to go about it.

One way to overcome this constraint is to outsource the services of a marketing specialist to guide you through all or part of the process.

 ‘Workshopping’ the plan among the key people in your organisation is a good way to kick-start the development of the plan. The time spent in critically examining ‘where the business is at’ and thinking through potentially more profitable options is arguably the most important part of the process.

Involving the management team gathers the broadest cross section of ideas and experience while gaining everyone’s commitment to working toward the same purpose.

After workshopping the basis of the plan, putting the pieces together need not be a complicated process. It simply entails assembling a concise summary of the dynamics of the market in which you are competing, your position within it, a statement of your defined goals and the strategies and the resources you will put in place to achieve them.

Is the market in which you compete growing or shrinking? Is the competition gaining or losing? Are you aiming your products at the right targets and at the right prices? Are your sales and distribution resources efficiently deployed? Are your products relevant and competitive in today’s market? Are you fully utilising the skills that set you apart?  These and other issues should be addressed in the plan.

The completed plan will help you better understand the prevailing dynamics in the marketplace and give you a practical reference to guide you in your daily operations. Once in place, most people are surprised at the extent to which a reference framework simplifies the everyday decision making process.

Don’t be deterred with the thought that ‘you can’t afford marketing’.  A sharper marketing focus can produce improved results without spending a dollar more. It is often more a matter of doing things more cleverly – more strategically. Working smarter will always take you further than working harder. Even minor changes in emphasis can produce vastly improved outcomes.

Some firms shy away from ‘marketing’ due to only a vague understanding as to what marketing actually is and what it can achieve. The term is widely misunderstood and has different meanings to different people.

Individual elements of marketing are often confused with the concept as a whole. Marketing is not ‘advertising’, ‘promotion’, ‘merchandising’, ‘publicity’ or any one of the many other individual functions marketing embraces. These are merely parts of the total process that may or may not be appropriate to be integrated in a fully orchestrated program.  Marketing is coordinating all of the component parts together in such a way that the whole is greater than the sum of the parts.

Marketing is the total process in which goods and services are sold in the marketplace. It is the determination of needs and wants and the satisfaction of these with a profitable outcome.

Typically marketing oriented businesses are customer - not production driven. It is a mindset that flows through the corporate culture from the ‘boss’ down. Not only in the sales department but throughout the entire organisation

It is not about what the factory can produce but what the customer wants. This differentiates marketing driven companies from those that are production orientated.

Maintaining a customer focus is the essence of marketing. It is an attitude – a commitment to delivering value to customers and the development of a sustainable competitive advantage. The customer is pivotal to the entire process.

Customer value may be created in many different ways. A better product, more options in colours and fabrics, a more appealing design, lower prices, higher quality, wider availability, improved service and shorter lead times are all part of the ‘marketing mix’ that need to be considered.

The creation of a competitive advantage, or unique selling benefit, stems from a thorough understanding of customers, competitors, technology and your own organisation’s capabilities, which can only come from a systematic and comprehensive review.

You can never know too much about your customers at both the retail and end-user levels. You need to be constantly in touch with what your customers and prospects want and how their needs can best be fulfilled. Even marginal improvements to the extent to which you meet consumer needs and wants can make a measurable impact on your bottom line.

Giving your company a ‘marketing makeover’ could be just what is needed to sharpen your focus to take your business to the next, more sustainable level.