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Craft a winning sales and marketing plan

Like a business compass, a sales and marketing plan determines your venture\\\'s direction. Here, 4 sure-fire steps to craft a sales and marketing plan that works
By Rafael Santos |
<>"The problem with that thinking is it doesn\\\'t take into account that there is always competition. That is why creating a marketing plan, even a simple one like distributing flyers to announce your business, is very important. Pricing strategies must also be tied to the plan, because even if you have the lowest price or the best product, if there is no visibility to customers, it doesn\\\'t exist. Building up your products, in his case his cupcakes, really helps you become recognized in the market," he said.

3. Decide where you will bring in each client: This refers to your product funnel in conjunction with the ideal client profile. It may make sense to bring in some clients to purchase your lowest-priced product in order to gain trust, and then move them up in price. With other clients, you may market to them so they come in straight to purchase higher-priced products.

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"This is where customer service comes in. Customer service means you must consistently deliver what you promise, and therefore earn the trust of the client. I had a client that ran a drugstore, which is a very trust-oriented business. We improved the service quality of his front liners and sold clients on the relative merits of patronizing his store. This move led to more credibility for the drugstore, and now it has started franchising already," Juinio said.


4. Devise a consistent marketing strategy
. You must put processes in place to ensure that your business generates a steady buzz no matter the season. Being consistent in trying to communicate with target customers is key to building trust, and encouraging them to choose your business over the competition.

 

"When you are constantly out there marketing and using the right channels, chances are your target customers will retain your message. Every business should make it a goal of becoming top-of-mind when it comes to their respective industry, and when you start getting more customers, always try to maintain the quality of your service to increase your chances of repeat business," Juinio said.

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The heart and soul of every business is sales and marketing; whether you are running a dry-cleaning service, soap-making business, food cart, carpentry, or any other kind of business, the process of getting the message of your products and services out to the marketplace is critical to the long term success of your venture. Companies that spend money and time to go through a strategic marketing and sales plan are usually the ones that exhibit good growth numbers.

“Most entrepreneurs are good at what they do, but have no formal training in sales and marketing. This is something that a business should always work on, because it is the lifeblood of the company. Try to focus on specific products, clients, and industries because a shotgun approach to marketing turns people off and generally doesn’t deliver the desired results,” Juinio said.



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