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As you develop your
2006 marketing plan, it might be good to revisit the term “marketing.” It’s
a word that is commonly misused. Is it advertising? Is it public
relations?
Is it your web site? In fact, it includes all three, but it in addition
it touches on research and product/service development, targeting,
positioning, distribution, pricing, customer service and much more.
It’s not unusual for people to confuse marketing strategy
with communication tactics. Many times these tactics are the more
visual side of marketing – catchy taglines, flashy web sites,
media stories, promotional giveaways, multi-piece direct mail campaigns
and many others. While these are tactics or elements of marketing,
they only play a supporting role. |
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What needs to come first
is an integrated marketing plan. This document should do more than determine
how to spend your company’s advertising
dollars and how to communicate a message. The marketing plan should address
your company’s business goals, breaking them down into marketing
goals and objectives – more attainable, measurable steps.
“The marketing plan gathers and analyzes all the information possible about
the organization and reports it in one document that recommends strategies
and tactics to achieve the organization’s marketing goals and objectives,” said
Brian Miller, a partner in MillerWhite, LLC.
Miller said the discovery portion of the process looks first to the business
itself for answers to questions like:
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• What is your economic and business environment? |
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• What opportunities and threats does your business face? |
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• What exactly are you selling? |
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• Who are your customers? |
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• Does your culture support the sales efforts? |
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• How will you communicate your product or service to your
customers? |
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• How are you going to measure your results? |
Then along with client discovery,
strategies are developed that take into account the company’s “Fusion
of Influence” – key areas of influence
that can affect positive outcomes – industry standards and benchmarks,
gatekeepers, possible marketing partners, the competition, product and/or
service price and promotion and influencers such as culture and communication
outlets. Where necessary, additional research is performed to “fill
in the holes.”
While this process
may sound involved, it can be easily implemented no matter how large or
small the company. To create integrated marketing plans for
its clients, MillerWhite uses its proprietary formula, MW Fusion .
This formula
results in a detailed, manageable and measurable plan or blueprint, which,
when implemented, will help your company achieve your originally outlined
business goals. Recommended tactics can include those catchy taglines and
multi-piece
direct mail campaigns that most people call “marketing,” but
they can also include less flashy but equally important steps like customer
service/sales
training, media training and crisis management. The budget for these integrated
marketing recommendations is determined tactic-by-tactic, and can be fine-tuned
based on your company’s available resources.
As you consider planning
for 2006, MillerWhite recommends asking yourself this question:
"What
will NOT having a strategic integrated marketing plan cost the company
in targeting the right audiences with the right benefits, strategies
and tactics to generate the desired sales?”
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