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Effective marketing strategyQuestion How can I develop an effective marketing plan?
Answer In simplest terms, marketing plans must focus on two things:
1) Your target market (who you're trying to reach) 2) What your market wants. Then develop your products, pricing and delivery strategy around these two fundamentals. Beyond that, form and contents vary widely. Usually a marketing plan includes market analysis, strategy, sales forecast and expense budget.
Brain Trust contributor:
Author of Hurdle: The Book on Business Planning
President, Palo Alto Software
Related Categories: Business Planning, Marketing, Branding, Advertising
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