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How to write your Marketing Plan! Half the money that 90% of the non-profits are spending today goes right down the drain. Half the money you spend will be wasted too, and in many cases without a comprehensive marketing plan and proper tracking systems in place… you won't know which half it is either. 1. Marketing Plans Sharpen Your Vision Because you are looking to find out what people's needs are so you can link your message to them, you are forced to meet real needs. This keeps you constantly refining and refreshing your vision to reach the lost. Research into your community reveals where your ministry is most needed and you can stay on target by doing what God called you to do. 2. Marketing Plans Help you Efficiently Allocate Limited Resources Face it; you don't have the money most companies have to spend on communication. Your not G.M. or Microsoft. You have to be frugal. The only way to avoid waste is to carefully plan and prioritize your media money. If you don't plan--you may be tempted to spend more money with last minute media buys. This is perhaps the worst testimony for a church of Christian ministry when they wait until the last minute to purchase media and spend extra money for rush jobs needlessly. 3. Marketing Plans Help You Know to Whom you are Talking When you practice strategic marketing planning, you are constantly concerned about your target audience because you want to get people's attention. You need to know who you are talking to so you can buy ads or spots in the right media, i.e. the right newspaper, or the right radio station, etc. Plus, it's just easier to speak to people when you have a specific audience to reach in mind. 4. Marketing Plans provide the necessary required disciplines to reach your Target Market and better understand your community needs. As you continue to get feedback and learn more about your market, you become an expert on your community. Rick Warren says "The average McDonald's manager knows more about the community than the average pastor or C.E.O." Executive Directors and Ministers who use marketing correctly, use research to learn more about the needs of the people they want to reach. A marketing plan should be part of your planning just as much as your budget is. But far too often, ministries do not think through the marketing side of their work. Developing a Marketing Plan! It's not as hard as you may think! There are many helpful web site, books, along with marketing planning seminars to help you:
And close the loop (follow-up, get feedback and evaluate results). SUMMARY A great marketing plan should have the following elements. Strong creative concepts, be strategically sound and have the right message, to the correct audience. The five major components to a sound "Marketing Plan" must be addressed thoroughly. These are five elements to address. Refer to them as the "Five Stars" of marketing, they are:
Gathering information is important, and correct information is vital to this process. If you have half the information right that means you have half the information wrong, and strategies can't be built on myth. Marketing is a broad discipline in that many decisions must be made…
The advertising done by your organization and any communications used should persuade and influence your audience in your community at large. It should move people to action. Marketing research isn't just to prove that you're right… It just helps you find out who your best potential donors are, and how best to reach them. This then would be your target market. Often organizations think of marketing as using one or two components, however, target marketing is designed to hit the bulls eye … and hit it the first time. Target Marketing is comprehensive and within it lays all the necessary components to have a winning strategy. HOW MUCH INFORMATION DO I NEED? Information is costly but it reduces the risk. Organizations that are willing and able to pay the cost often find that marketing information pays for itself. The cost of good information must be balanced against its probable value to management. Faced with the risky decision, the marketing manager should only seek help from research for problems where the risk can be reduced at a reasonable cost. Everything that goes into this plan is designed to meet objectives, from defining who, where, what, how, when, and help to determine the amount of advertising and promotional dollars assigned to the budget Marketing research should be guided by these methods:
Elements of good "Target Marketing Strategy WHAT IS MARKETING RESEARCH? Marketing research develops the right tools that will build a bridge to your Donors. Marketing concepts are set in place to meet the needs of your donors. WHO DOES THE WORK? Most large organizations have a Donor Developing Department and/or an agency
to help them with marketing. These larger organizations often use outside
specialists including interviewing and tabulating services to handle technical
assignments. EFFECTIVE RESEARCH USUALLY REQUIRES COOPERATION Good marketing research must keep both marketing research and marketing management in mind, be sure that your research is focused on the real problems. This is a lot of hard work but if you are in this for the long haul it is not only necessary… it's essential for your future success. To come out on top of the pile in this extremely competitive world, you must have a written plan…. a marketing plan is a must. If you are serious about either starting up a new ministry or moving an existing ministry forward, marketing is the engine that will take you where you want to go. Tracking and keeping Accurate Records You will need a computer and software for tracking response information. This tracking system and information is usually referred to as "Data". To put together any successful marketing strategy you must first complete a comprehensive "business review" A business review requires marketing database information generally referred to as the "situation analysis", or information analysis report system. It should include:
TACTICAL MARKETING- MIXED TOOLS This step develops the correct media and blend of media to accomplish your tactical goals. This tactical plan will allow you to meet your marketing objectives and fulfill the overall marketing strategies and communication guidelines established earlier. Each marketing mix tool should have its own objective, strategy, and individual plan of execution. NEWS PAPER
Radio
Television
Magazines
Yellow Pages
Direct Mail
Billboards, Outdoor Media
Telecommunications: Telemarketing, Fax, E-mail, Web site.
Example! If you had a son or a daughter who had been away for a long time and you hadn't heard from them for a year or so. Would you rather they send you a letter or give you a phone call? You get the point. I know that telemarketing has gotten a black eye, but when it come to the non-profit arena, people don't mind hearing from those who need help, and those they are helping. FAX
Start by collecting e-mail address.
BUDGETS, CALENDAR & PAYBACK ANALYSIS Budgets: See: How to write a Business/Ministry Plan The budget is the cumulative monetary cost of implementing the plan. Calendar: The calendar is a schedule of the marketing plan's tactical execution. Payback Analysis: The payback analysis projects revenues in excess of expenses to show break- even data, and project future profitability of the Thrift Store operation. EXECUTION Execution is all about having the right mix of people, and the right talent
to craft, and formulate a fool-proof plan. The team of people assembled must us
"techniques", and technology to their advantage in putting together this
process. "To weave, to build, the study of principles to technology, or art of applied science used in ones professional craft". The tactical execution in this marketplace is developed once the Marketing Plan is prepared. Getting your product and services ready for the market and executing the market mix tools, such as promotion, advertising, merchandising, seasonal selling, and publicity. Your marketing strategy must always keep in mind that… People give to people. People generally give to people locally… and people give to people who are persistent. Finally, execution includes staying on top of all the detail in the process and assuring your position in your marketplace. Will the challenges of staying on top of target markets on both sides of the fence, (donor response) and (merchandising your products… "ministry") you will need quality people to accomplish this mix of tasks. Written Procedures need to be assembled to include the Strategies, Tactic's, Techniques used to enforce your Marketing Plan. EVALUATION Evaluation is one of the most important steps, because it is a learning tool, which will lead to improving your future marketing plans and help you execute better marketing strategy and programs in the future. While evaluation is the last step in the process, it signals a new beginning to the whole disciplined approach. Evaluation becomes a major part of the marketing background section in the preparation of the next year's marketing planning session. Various disciplines must be created and developed then these elements will be a part of any future evaluating. You also must include all the research and the testing components in this step. The methods used to help determine the level of success of the overall marketing plan are created to "test and evaluate" … then "re-test and re-evaluate". Research is included because it is a means to evaluate, and testing is a component of this step because it is a learning experience. For example, you might evaluate the effectiveness of a single plan element, such as advertising, or the entire plan in test markets on a limited scale before full implementation. Reports that are designed must focus on key points. This information must provide usable facts, provided to the right people, to make future decisions. Decisions that your organization must make in spending its valuable resources in the right way to grow, improve, and prosper.
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