Thursday, February 28, 2013

What Is Your Marketing Plan?

Marketing is much more than just a web site, advertisement, tradeshow or e-mail. These are just a few of the many components of marketing. These are only the tactical actions that support the strategic nature of marketing. Perhaps the reason that some marketing fails is that the tactical actions are taken without the necessary strategic plan.

Unsure about how to market your small Business?  You are not alone. Marketing is the greatest challenge and biggest concern for small and mid-sized businesses. Marketing is the least understood business function and the most mysterious. Money pit, black art, expense and necessary evil are common perceptions of marketing.

The American Marketing Association defines marketing as, "an organizational function and a set of processes for creating, communicating and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders." Huh? No wonder there is confusion.

As times change and businesses grow, every company reaches a point where marketing becomes a critical business issue. For some, this happens when revenues stall or dip. For others, it becomes an important factor in taking the business to the next level. Either way, the questions of, "What is marketing, what do we do and how do we do it?" arise.

You have probably heard of the four "Ps" of marketing: product, place, price and promotion. When empowered, marketing defines the products offered and the market that they will serve (product). Marketing creates the distribution channels through which products are offered (place). 

Marketing determines the cost to the consumer that yields the largest profit (price). Finally, marketing creates awareness and interest in the product to initiate consumer action (promotion). Above it all, marketing creates the identity of the company that serves as the umbrella under which all products fall.

Marketing creates the opportunities for selling. Marketing builds awareness and understanding of products and services. Marketing provides the tools used to move toward the close of the deal. Awareness, interest, desire and action are the goals of marketing promotion.

You can start by contacting MI Printing for help with you new business flyer or brochure.  Just give Matt or Paula a call at 623.582.1302.

Presented By
MI Printing, LLC
Phone: 623.582.1302