Entrepreneur magazine team has shared the five important ingredients of an effective marketing plan.

The Entrepreneur team says, “Every how-to book on the market has a different take on the essential elements of a marketing plan. Those geared toward the big corporate crowd communicate in a language few human beings understand. However, the words you use are much less important than how seriously you approach the task.

This section outlines the key elements you need to include in your marketing plan. No matter how it’s ultimately organized, your marketing plan should be a straightforward, easily understood company document. It should provide you with a clear direction for your marketing efforts for the coming year, and it should give an incisive look into your company for all readers.

Preparing to Write
Before you begin to write, pull together some information you’ll need. Getting the information first avoids interruptions in the thinking and writing process. Have on hand:

  • Your company’s latest financial reports (profit and loss, operating budgets and so on) and latest sales figures by product and region for the current and the past three years or, if less, for however long you’ve been in business”.

The Ingredients of a Marketing Plan

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