A marketing plan is like a roadmap for your business. It helps to identify markets and measures the effectiveness in getting new customers. They are more informal than business plans and are written for internal use. Before you put together a marketing plan for your business you have to understand the market you are involved in. Study where it’s been, where it’s going, and how you fit into it. I’ve personally never had a business plan for any of my businesses. I’ve only put together a marketing plan so I can hit the ground running and have a clear focus about where the business is going.
Marketing plan for your business
The one thing I’ve discovered with all of the businesses I’ve started is that the marketing plan will always change. With my first invention (the wrist water bottle) I thought I knew exactly what market I was going into. I invented it for runners, like myself, but I never imagined that the product would be sold in the alcohol industry, which is about 25% of my sales now.
You’ll want to know how companies before you have done business and whether you want to follow that strategy, or do something totally different. You need to factor in things such as the economy, technology, government regulations and the competition, because anything can change your business.
Here are some questions to ask yourself before you put together a marketing plan for your business.
Step 1: Define Your Business Goals
Every solid marketing plan starts with clear business objectives. Ask yourself:
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What do I want to achieve in the next 6 to 12 months?
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Do I want to increase sales? Build brand awareness? Enter a new market?
Your marketing goals should directly support your business goals. For example:
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Business Goal: Increase revenue by 20%
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Marketing Goal: Generate 1,000 qualified leads per quarter through digital campaigns
Step 2: Know Your Target Audience
Your marketing efforts will fall flat if you don’t know who you’re trying to reach. And trust me, that audience could easily change as you go along. I started out thinking my wrist water bottle was just for runners and the fitness industry. But through a little serendipity I found out that there were other even better markets out there. I sell most of them in the promotional products market now. And I also sell in the alcohol industry.
Create detailed buyer personas that include:
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Demographics (age, gender, income, education)
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Psychographics (values, beliefs, motivations)
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Buying habits and preferred channels (social media, email, events)
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Pain points and challenges your product or service solves
But keep your mind open to other possibilities, and always be searching for new markets.
Step 3: Conduct a SWOT Analysis
Understanding your current situation helps you build a more effective plan. Use the SWOT framework:
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Strengths: What are you doing well? (e.g., strong personal brand, loyal audience)
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Weaknesses: Where do you need improvement? (e.g., low social media presence)
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Opportunities: What market trends can you leverage? (e.g., rising demand for women keynote speakers)
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Threats: What could hurt your growth? (e.g., competitors with bigger ad budgets)
This analysis helps you stay grounded in reality and plan accordingly.
Step 4: Identify Your Unique Selling Proposition (USP)
What makes you different—and why should people care? Your USP is the foundation of your messaging. I speak on the topic of competitive advantage. You need to find out what yours is and differentiate yourself from the competition.
Ask yourself:
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What problem do I solve that others don’t?
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Why should a client choose me over the competition?
Example USP: “I’m one of the few female inventors and manufacturers in the speaking industry, delivering hands-on creativity and innovation strategies with real-world application.”
This clarity will guide all your marketing content, from website copy to social media posts. Coming up with a slogan would be helpful too.
Step 5: Choose Your Marketing Channels
Now it’s time to decide how you’ll reach your audience. Not every platform works for every business, so prioritize based on where your audience spends time.
Top marketing channels to consider:
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Website: Your digital storefront. Invest in SEO and clear calls-to-action (CTAs).
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Email marketing: Great for nurturing leads and retaining customers.
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Social media: Ideal for engagement, visibility, and brand building.
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Content marketing: Blog posts, white papers, and videos can establish authority and drive organic traffic.
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Paid ads: Google Ads, Facebook, or LinkedIn can bring in fast, targeted traffic.
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Speaking and events: Live appearances build credibility and generate leads.
Tip: Use a mix of inbound (content, SEO) and outbound (ads, cold email) marketing for balance.
Step 6: Develop a Budget
You don’t need a massive budget to market effectively. But you do need one. Allocate funds to each channel based on past performance and ROI expectations.
Example monthly breakdown:
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Content marketing: $500
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Email marketing tools: $100
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Paid ads: $1,000
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Graphic design & branding: $300
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Social media management tools: $50
Be flexible, and adjust based on what’s working.
Step 7: Create a Marketing Calendar
Consistency is key in marketing. A calendar keeps you organized and accountable. Map out:
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Blog post topics and publishing dates
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Email newsletters
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Social media posts
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Promotions or product launches
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Events and speaking engagements
Use tools like Trello, Asana, or Google Sheets to stay on track. Batch content creation when possible to save time. If you don’t do it regularly, believe me, you will forget.
Step 8: Track Metrics and Adjust
You can’t improve what you don’t measure. Set up systems to track:
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Website traffic (via Google Analytics)
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Conversion rates
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Email open/click rates
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Social media engagement
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Ad performance
Compare your results to your SMART goals. If something isn’t working, pivot. Marketing plans are living documents. Adjust them based on what the data tells you.
Step 9: Leverage Partnerships and Publicity
Look beyond your own channels. Strategic partnerships can amplify your reach:
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Cross-promote with complementary brands
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Pitch yourself to podcasts, media outlets, or blogs
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Consider affiliate or referral programs
The goal is to tap into other people’s audiences to grow your own.
Step 10: Review Quarterly and Refine
A marketing plan is not set in stone. Set aside time quarterly to:
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Review performance
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Analyze what worked and what didn’t
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Test new ideas or channels
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Reallocate budget as needed
Successful marketers test, learn, and optimize continuously.
Final marketing plan for your business
Putting together a marketing plan might sound intimidating, but it doesn’t have to be. Break it down into manageable steps. From setting goals to choosing channels and tracking performance. You will create a roadmap for sustainable business growth.
Remember, marketing isn’t about being everywhere at once. It’s about showing up in the right places, with the right message, at the right time. When you do that consistently, the results will follow.
Whether you’re launching a new product, growing your client base, or positioning yourself as a thought leader, a well-crafted marketing plan is your secret weapon. Start now, and you’ll be miles ahead of competitors still trying to figure it out as they go.
Remember, a marketing plan should be a living document that evolves along with your business and the market. Regularly revisit and update your plan to ensure it remains aligned with your goals and reflects the changing landscape of your industry. It will change many times during the life of your business.