A marketing plan is a report that describes your marketing strategy for the coming month or year. Typically, a marketing plan includes:
A summary of your business’s advertising and marketing goals.
A description of your company’s present marketing position.
A document containing when tasks within your strategy will be completed.
KPIs you will be tracking.
A summary of your business’s target market and customer demands.
The marketing plan provides a high-level overview of the business and competitors before diving deep into KPIs, Tactics and specific goals.
Several business owners design a marketing plan and then ignores it. However, your marketing plan is a route to providing you with strategy and direction towards meeting your business goals. It needs to be pointed to and assessed for results frequently.
While some small business owners incorporate their marketing plan as part of their overall business plan, marketing is crucial to success. A detailed plan, having a comprehensive on its own, is fully recommended. If you don’t want to make a short-plan as part of your business plan, you can provide a full marketing plan as an appendix to the business plan.