4/23/2024 0 Comments Budget tracking template plannerWhat are your competition’s weaknesses? How can you use those weaknesses to your advantage?.Is your geographic location a positive or a negative?.Does the competition within this market leave room for you to be competitive?.The current location of your competition:.Do the local trade organizations endorse your product?.Is your product or service already well known?.Does your business benefit from any distinct marketing advantages?.How much of a profit will you need to make for your business to pay off?.Is there enough money to be made with your product or service in your target market?. Does the market want or value your service or product? Why?.Are there sections of you target market that are underserved and will your product or service fill that void? If so, write a brief explanation of what this market is like and how your products are going to get the attention of the consumer.A description of your market or business environment:.A description of your business - What products or services do you offer?.Your plan needs an introductory section – a description of where your business stands today and how you intend to put your marketing plans in place (or change them) and what this will mean to your business the next 12 months. Use this guide to develop a 12-month marketing plan and integrate it into your company’s business plan. A well-designed marketing plan can help you raise awareness of your business, attract more customers and boost sales.
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