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MARKETING	
  PLANNING	
  
FOR	
  SMEs	
  
	
  
A	
  model	
  for	
  success	
  
	
  
	
  
CONSULTING	
  *	
  PLANNING	
  	
  *	
  ACTIVATION	
  
INSPIRED	
  THINKING	
  
SME	
  
Introduc@on	
  to	
  marke@ng	
  for	
  SME’s	
  
	
  
	
  
	
   	
   	
   	
   	
   	
  	
  
1.  Where	
  is	
  my	
  business	
  now?	
  
2.  Where	
  do	
  I	
  want	
  it	
  to	
  be?	
  
	
  
3.  How	
  do	
  I	
  get	
  it	
  there?	
  
4.  What	
  ac<vity	
  will	
  get	
  it	
  there?	
  
5.  Who’s	
  doing	
  what	
  &	
  when?	
  
6.  How	
  do	
  I	
  stay	
  in	
  control	
  &	
  make	
  
informed	
  decisions?	
  
Success	
  is	
  in	
  the	
  planning	
  
This	
  deck	
  is	
  designed	
  to	
  help	
  you	
  create	
  successful	
  plans	
  
•  Star@ng	
  a	
  business	
  is	
  a	
  big	
  step	
  and	
  
good	
  planning	
  will	
  protect	
  your	
  
brand	
  and	
  help	
  you	
  spend	
  your	
  
marke@ng	
  budget	
  wisely	
  
	
  
•  Don’t	
  jump	
  in	
  &	
  make	
  costly	
  
decisions	
  on	
  websites,	
  design	
  or	
  
printed	
  materials	
  un@l	
  you	
  have	
  
created	
  a	
  plan	
  
•  This	
  deck	
  will	
  help	
  you	
  	
  create	
  a	
  
marke@ng	
  plan	
  to	
  answer	
  these	
  6	
  
ques@ons……………….	
  
GeTng	
  started	
  
	
  
	
  
	
   	
   	
   	
   	
   	
  	
  
1.  Situa@on	
  Analysis	
  
	
  
2.  Objec@ves	
  
3.  Strategy	
  
4.  Tac@cs	
  
5.  Ac@ons	
  
6.  Control	
  
Use	
  the	
  6	
  easy	
  step	
  SOSTAC	
  plan	
  to	
  create	
  a	
  brand	
  and	
  
marke@ng	
  plan	
  to	
  help	
  your	
  SME	
  grow	
  	
  
  	
   	
   	
   	
   	
  	
  
Is	
  there	
  a	
  need	
  or	
  demand	
  for	
  your	
  idea?	
  Are	
  you	
  crea@ng	
  something	
  new?	
  
Is	
  there	
  a	
  clear	
  market	
  opportunity?	
  
Where	
  is	
  the	
  business	
  now?	
  
•  Is	
  there	
  a	
  gap	
  in	
  the	
  market	
  for	
  your	
  
idea?	
  	
  
•  Are	
  there	
  compe@tors?	
  What	
  are	
  
they	
  doing?	
  What	
  is	
  different	
  or	
  
unique	
  about	
  your	
  idea?	
  	
  
	
  
•  Where	
  will	
  you	
  get	
  it	
  made	
  &	
  how	
  
will	
  it	
  be	
  distributed	
  
	
  
•  How	
  much	
  are	
  people	
  prepared	
  to	
  
pay	
  and	
  can	
  you	
  make	
  a	
  profit?	
  
•  Road	
  test	
  your	
  idea	
  with	
  people	
  who	
  
are	
  in	
  your	
  target	
  audience	
  
•  Do	
  your	
  research	
  &	
  talk	
  to	
  as	
  many	
  
people	
  in	
  the	
  industry	
  
•  Find	
  out	
  where	
  your	
  audience	
  hangs	
  
out	
  online	
  
•  Where	
  will	
  you	
  sell	
  your	
  product	
  
•  Have	
  you	
  got	
  a	
  brand?	
  
SITUATION	
  
  	
   	
   	
   	
   	
  	
  
Set	
  objec@ves	
  you	
  can	
  measure	
  to	
  be	
  sure	
  you’re	
  spending	
  
your	
  budget	
  wisely 	
   	
   	
   	
   	
   	
  	
  
Where	
  do	
  you	
  want	
  it	
  to	
  be?	
  
	
  
•  What	
  are	
  the	
  brand	
  objec@ves?	
  
	
  
•  What	
  are	
  your	
  marke@ng	
  
objec@ves?	
  
-­‐  Increase	
  social	
  media	
  fans	
  
-­‐  Lead	
  genera@on	
  
-­‐  Direct	
  website	
  orders	
  
•  What	
  are	
  your	
  sales	
  objec@ves?	
  
-­‐  Distribu@on	
  in	
  retailers	
  
-­‐  No.	
  of	
  units	
  
-­‐  Margin	
  %	
  
	
  
	
  
Set	
  objec<ves	
  for	
  all	
  
marke<ng	
  ac<vity	
  to	
  	
  
determine	
  what	
  works	
  
	
  
Be	
  SMART	
  
Specific	
  –	
  with	
  numbers	
  
Measurable	
  –	
  monitor	
  performance	
  
Ac@onable	
  –	
  Can	
  you	
  do	
  it	
  
Reasonable	
  –	
  Is	
  it	
  realis@c	
  
Timed	
  –	
  Can	
  you	
  do	
  it	
  within	
  your	
  
@melines	
  
OBJECTIVES	
  
  	
   	
   	
   	
   	
  	
  
Answer:	
  A.	
  Define	
  your	
  audience	
  
	
   	
   	
   	
   	
   	
  	
  
How	
  do	
  you	
  get	
  there?	
  
•  Who	
  are	
  they?	
  What	
  do	
  they	
  do?	
  
What	
  do	
  they	
  like?	
  What	
  are	
  their	
  
preferences?	
  What	
  do	
  they	
  buy?	
  
Where	
  do	
  they	
  hang	
  out?	
  What	
  do	
  
they	
  earn?	
  The	
  list	
  goes	
  on…	
  
	
  
•  Why	
  will	
  they	
  be	
  interested	
  in	
  your	
  
product?	
  What	
  gap	
  does	
  it	
  fill?	
  How	
  
does	
  it	
  make	
  them	
  feel?	
  Why	
  will	
  they	
  
buy	
  it?	
  Why	
  would	
  they	
  buy	
  it	
  again?	
  
	
  
	
  
STRATEGY	
  
•  Organise	
  your	
  target	
  audience	
  into	
  
different	
  groups	
  based	
  on	
  this	
  
informa@on.	
  	
  
•  Create	
  personas	
  to	
  help	
  you	
  understand	
  
your	
  different	
  audiences	
  beaer
hap://knowledge.hubspot.com/contacts-­‐user-­‐guide/how-­‐to-­‐
create-­‐personas	
  
	
  
•  Work	
  out	
  how	
  to	
  create	
  an	
  emo@onal	
  &	
  
psychological	
  connec@on	
  with	
  your	
  
audience	
  
  	
   	
   	
   	
   	
  	
  
Answer:	
  B.	
  Create	
  a	
  brand	
  
	
   	
  	
  	
  	
   	
   	
   	
   	
  	
  
How	
  do	
  you	
  get	
  there?	
  
•  Build	
  a	
  brand	
  NOT	
  just	
  a	
  product	
  or	
  
service	
  
•  Brands	
  are	
  difficult	
  to	
  copy	
  &	
  there’s	
  
huge	
  equity	
  in	
  those	
  who	
  make	
  it	
  big	
  
•  People	
  buy	
  a	
  brand	
  for	
  lots	
  of	
  reasons	
  
-­‐  How	
  it	
  makes	
  them	
  feel	
  
-­‐  How	
  it	
  makes	
  them	
  look	
  
-­‐  The	
  benefits	
  
-­‐  The	
  promise	
  
-­‐  What	
  it	
  stands	
  for	
  
Use	
  this	
  model	
  to	
  work	
  out	
  your	
  brand	
  
……	
  It’s	
  harder	
  than	
  you	
  think………	
  
	
  
STRATEGY	
  
  	
   	
   	
   	
   	
  	
  
Answer:	
  C.	
  Define	
  clear	
  messages	
  &	
  tone	
  of	
  voice	
  
	
   	
  	
   	
   	
   	
  	
  
How	
  do	
  you	
  get	
  there?	
  
•  Be	
  clear	
  about	
  your	
  market	
  posi@on	
  
•  Have	
  clear	
  messages	
  to	
  reinforce	
  
benefits	
  and	
  audience	
  needs	
  
•  Use	
  languages	
  and	
  highlight	
  things	
  
you	
  know	
  will	
  resonate	
  with	
  your	
  
audience	
  
	
  
	
  
	
  
	
  
Sense	
  check	
  this	
  meets	
  your	
  business	
  objec<ves	
  
And	
  that	
  you	
  can	
  make	
  the	
  desired	
  claims	
  
	
  
•  Highlight	
  the	
  quali@es	
  and	
  added	
  
value	
  of	
  your	
  brand’s	
  proposi@on	
  or	
  
marke@ng	
  deals	
  
•  Tweak	
  your	
  messages	
  for	
  different	
  
target	
  audiences	
  where	
  necessary	
  
	
  
	
  
STRATEGY	
  
  	
   	
   	
   	
   	
  	
  
What	
  types	
  of	
  marke@ng	
  ac@vity	
  do	
  you	
  use?	
  
What	
  is	
  cost	
  effec@ve	
  and	
  delivers	
  results?	
  
	
   	
  	
   	
   	
   	
  	
  
What	
  ac@vity	
  will	
  get	
  it	
  there?	
  
•  By	
  now	
  you	
  know;	
  
-­‐  Your	
  audience	
  
-­‐  The	
  opportunity	
  
-­‐  Your	
  unique	
  brand	
  benefits	
  
-­‐  Brand	
  messages	
  
•  Select	
  the	
  right	
  marke@ng	
  channels	
  to	
  reach	
  	
  
your	
  audience	
  
	
  
•  If	
  you’ve	
  done	
  your	
  research	
  you’ll	
  know	
  
where	
  your	
  audience	
  gets	
  informa@on	
  &	
  
where	
  to	
  spend	
  your	
  budget	
  
	
  
•  Map	
  each	
  £	
  you	
  spend	
  to	
  specific	
  outcomes	
  
so	
  they	
  can	
  be	
  measured	
  
	
  
TACTICS	
  
  	
   	
   	
   	
   	
  	
  
Learn	
  new	
  skills	
  to	
  find	
  and	
  engage	
  audiences	
  
	
   	
  	
   	
   	
   	
  	
  
What	
  ac@vity	
  will	
  get	
  it	
  there?	
  
•  Get	
  the	
  basics	
  right;	
  
-­‐  Website	
  
-­‐  SEO	
  
-­‐  Google	
  analy@cs	
  
-­‐  Social	
  media	
  
	
  
•  Learn	
  how	
  to	
  use	
  social	
  media	
  &	
  create	
  a	
  blog	
  to	
  release	
  content	
  
•  Make	
  it	
  easy	
  for	
  customers	
  to	
  find	
  your	
  business	
  
•  Provide	
  transparent	
  &	
  authen@c	
  content	
  to	
  support	
  your	
  brand	
  stories	
  
	
  
	
  
TACTICS	
  
  	
   	
   	
   	
   	
  	
  
	
  Be	
  disciplined	
  and	
  decisive 	
  	
   	
   	
   	
  	
  
Who’s	
  doing	
  what	
  and	
  when	
  
	
  
	
  •  Priori@se	
  ac@ons	
  &	
  ac@vi@es	
  
	
  
•  Allocate	
  tasks	
  based	
  on	
  experience	
  &	
  
capabili@es	
  
•  Do	
  a	
  budget	
  &	
  keep	
  track	
  of	
  what’s	
  being	
  
spent	
  &	
  what	
  return	
  you’re	
  geTng	
  
	
  
•  Focus	
  on	
  your	
  strengths	
  and	
  don’t	
  try	
  
and	
  take	
  everything	
  on	
  yourself	
  
•  Get	
  to	
  know	
  other	
  small	
  businesses	
  in	
  
your	
  area	
  and	
  work	
  together	
  
	
  
Know	
  when	
  to	
  outsource	
  to	
  experts.	
  
	
  
ACTION	
  
  	
   	
   	
   	
   	
  	
  
Monitor	
  your	
  ac@vity	
  and	
  progress	
  to	
  determine	
  
decisions 	
  	
  
Stay	
  in	
  control	
  
•  Marke@ng	
  is	
  an	
  ongoing	
  process	
  
•  Review	
  your	
  metrics	
  to	
  see	
  if	
  you’re	
  mee@ng	
  your	
  objec@ves	
  
•  be	
  afraid	
  to	
  abandon	
  underperforming	
  channels	
  
•  Take	
  calculated	
  risks	
  &	
  try	
  new	
  things	
  
•  Stay	
  abreast	
  of	
  market	
  changes	
  and	
  audience	
  preferences	
  
•  Join	
  communi@es	
  within	
  your	
  markets	
  to	
  share	
  informa@on	
  
CONTROL	
  
  	
   	
   	
   	
   	
  	
  
Helpful	
  links	
   	
   	
   	
  	
  
Marke@ng	
  resources	
  for	
  SMEs	
  
hap://www.websitebuildertop10.com/	
  
	
  
hap://www.sage.co.uk/business-­‐advice/business-­‐growth/social-­‐media-­‐small-­‐business-­‐guide.html	
  
	
  
hap://www.constantcontact.com/	
  
	
  
haps://www.youtube.com/watch?v=bSxA7M6snBE	
  
	
  
haps://find.icaew.com/pages/bas	
  
	
  
haps://econsultancy.com/blog/62574-­‐introducing-­‐the-­‐modern-­‐marke@ng-­‐manifesto/	
  
	
  
hap://www.luvtribe.com/	
  
	
  
www.startuploans.co.uk	
  
	
  
  	
   	
   	
   	
   	
  	
  
Help	
  to	
  create	
  a	
  brand,	
  plan	
  your	
  marke@ng	
  or	
  reach	
  new	
  
customers	
   	
  	
  
Want	
  to	
  know	
  more	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
SME	
  Marke@ng	
  
Michelle@LuvTribe.com	
  
07703	
  744446	
  

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Marketing planning for SMEs

  • 1. MARKETING  PLANNING   FOR  SMEs     A  model  for  success       CONSULTING  *  PLANNING    *  ACTIVATION   INSPIRED  THINKING   SME  
  • 2. Introduc@on  to  marke@ng  for  SME’s                     1.  Where  is  my  business  now?   2.  Where  do  I  want  it  to  be?     3.  How  do  I  get  it  there?   4.  What  ac<vity  will  get  it  there?   5.  Who’s  doing  what  &  when?   6.  How  do  I  stay  in  control  &  make   informed  decisions?   Success  is  in  the  planning   This  deck  is  designed  to  help  you  create  successful  plans   •  Star@ng  a  business  is  a  big  step  and   good  planning  will  protect  your   brand  and  help  you  spend  your   marke@ng  budget  wisely     •  Don’t  jump  in  &  make  costly   decisions  on  websites,  design  or   printed  materials  un@l  you  have   created  a  plan   •  This  deck  will  help  you    create  a   marke@ng  plan  to  answer  these  6   ques@ons……………….  
  • 3. GeTng  started                     1.  Situa@on  Analysis     2.  Objec@ves   3.  Strategy   4.  Tac@cs   5.  Ac@ons   6.  Control   Use  the  6  easy  step  SOSTAC  plan  to  create  a  brand  and   marke@ng  plan  to  help  your  SME  grow    
  • 4.               Is  there  a  need  or  demand  for  your  idea?  Are  you  crea@ng  something  new?   Is  there  a  clear  market  opportunity?   Where  is  the  business  now?   •  Is  there  a  gap  in  the  market  for  your   idea?     •  Are  there  compe@tors?  What  are   they  doing?  What  is  different  or   unique  about  your  idea?       •  Where  will  you  get  it  made  &  how   will  it  be  distributed     •  How  much  are  people  prepared  to   pay  and  can  you  make  a  profit?   •  Road  test  your  idea  with  people  who   are  in  your  target  audience   •  Do  your  research  &  talk  to  as  many   people  in  the  industry   •  Find  out  where  your  audience  hangs   out  online   •  Where  will  you  sell  your  product   •  Have  you  got  a  brand?   SITUATION  
  • 5.               Set  objec@ves  you  can  measure  to  be  sure  you’re  spending   your  budget  wisely               Where  do  you  want  it  to  be?     •  What  are  the  brand  objec@ves?     •  What  are  your  marke@ng   objec@ves?   -­‐  Increase  social  media  fans   -­‐  Lead  genera@on   -­‐  Direct  website  orders   •  What  are  your  sales  objec@ves?   -­‐  Distribu@on  in  retailers   -­‐  No.  of  units   -­‐  Margin  %       Set  objec<ves  for  all   marke<ng  ac<vity  to     determine  what  works     Be  SMART   Specific  –  with  numbers   Measurable  –  monitor  performance   Ac@onable  –  Can  you  do  it   Reasonable  –  Is  it  realis@c   Timed  –  Can  you  do  it  within  your   @melines   OBJECTIVES  
  • 6.               Answer:  A.  Define  your  audience                 How  do  you  get  there?   •  Who  are  they?  What  do  they  do?   What  do  they  like?  What  are  their   preferences?  What  do  they  buy?   Where  do  they  hang  out?  What  do   they  earn?  The  list  goes  on…     •  Why  will  they  be  interested  in  your   product?  What  gap  does  it  fill?  How   does  it  make  them  feel?  Why  will  they   buy  it?  Why  would  they  buy  it  again?       STRATEGY   •  Organise  your  target  audience  into   different  groups  based  on  this   informa@on.     •  Create  personas  to  help  you  understand   your  different  audiences  beaer hap://knowledge.hubspot.com/contacts-­‐user-­‐guide/how-­‐to-­‐ create-­‐personas     •  Work  out  how  to  create  an  emo@onal  &   psychological  connec@on  with  your   audience  
  • 7.               Answer:  B.  Create  a  brand                       How  do  you  get  there?   •  Build  a  brand  NOT  just  a  product  or   service   •  Brands  are  difficult  to  copy  &  there’s   huge  equity  in  those  who  make  it  big   •  People  buy  a  brand  for  lots  of  reasons   -­‐  How  it  makes  them  feel   -­‐  How  it  makes  them  look   -­‐  The  benefits   -­‐  The  promise   -­‐  What  it  stands  for   Use  this  model  to  work  out  your  brand   ……  It’s  harder  than  you  think………     STRATEGY  
  • 8.               Answer:  C.  Define  clear  messages  &  tone  of  voice                 How  do  you  get  there?   •  Be  clear  about  your  market  posi@on   •  Have  clear  messages  to  reinforce   benefits  and  audience  needs   •  Use  languages  and  highlight  things   you  know  will  resonate  with  your   audience           Sense  check  this  meets  your  business  objec<ves   And  that  you  can  make  the  desired  claims     •  Highlight  the  quali@es  and  added   value  of  your  brand’s  proposi@on  or   marke@ng  deals   •  Tweak  your  messages  for  different   target  audiences  where  necessary       STRATEGY  
  • 9.               What  types  of  marke@ng  ac@vity  do  you  use?   What  is  cost  effec@ve  and  delivers  results?                 What  ac@vity  will  get  it  there?   •  By  now  you  know;   -­‐  Your  audience   -­‐  The  opportunity   -­‐  Your  unique  brand  benefits   -­‐  Brand  messages   •  Select  the  right  marke@ng  channels  to  reach     your  audience     •  If  you’ve  done  your  research  you’ll  know   where  your  audience  gets  informa@on  &   where  to  spend  your  budget     •  Map  each  £  you  spend  to  specific  outcomes   so  they  can  be  measured     TACTICS  
  • 10.               Learn  new  skills  to  find  and  engage  audiences                 What  ac@vity  will  get  it  there?   •  Get  the  basics  right;   -­‐  Website   -­‐  SEO   -­‐  Google  analy@cs   -­‐  Social  media     •  Learn  how  to  use  social  media  &  create  a  blog  to  release  content   •  Make  it  easy  for  customers  to  find  your  business   •  Provide  transparent  &  authen@c  content  to  support  your  brand  stories       TACTICS  
  • 11.                Be  disciplined  and  decisive             Who’s  doing  what  and  when      •  Priori@se  ac@ons  &  ac@vi@es     •  Allocate  tasks  based  on  experience  &   capabili@es   •  Do  a  budget  &  keep  track  of  what’s  being   spent  &  what  return  you’re  geTng     •  Focus  on  your  strengths  and  don’t  try   and  take  everything  on  yourself   •  Get  to  know  other  small  businesses  in   your  area  and  work  together     Know  when  to  outsource  to  experts.     ACTION  
  • 12.               Monitor  your  ac@vity  and  progress  to  determine   decisions     Stay  in  control   •  Marke@ng  is  an  ongoing  process   •  Review  your  metrics  to  see  if  you’re  mee@ng  your  objec@ves   •  be  afraid  to  abandon  underperforming  channels   •  Take  calculated  risks  &  try  new  things   •  Stay  abreast  of  market  changes  and  audience  preferences   •  Join  communi@es  within  your  markets  to  share  informa@on   CONTROL  
  • 13.               Helpful  links           Marke@ng  resources  for  SMEs   hap://www.websitebuildertop10.com/     hap://www.sage.co.uk/business-­‐advice/business-­‐growth/social-­‐media-­‐small-­‐business-­‐guide.html     hap://www.constantcontact.com/     haps://www.youtube.com/watch?v=bSxA7M6snBE     haps://find.icaew.com/pages/bas     haps://econsultancy.com/blog/62574-­‐introducing-­‐the-­‐modern-­‐marke@ng-­‐manifesto/     hap://www.luvtribe.com/     www.startuploans.co.uk    
  • 14.               Help  to  create  a  brand,  plan  your  marke@ng  or  reach  new   customers       Want  to  know  more                         SME  Marke@ng   Michelle@LuvTribe.com   07703  744446