Instructor:
Mr. Joe.
Damato
Business Communications 128
PURPOSE: The purpose of this website is
to help you complete a business communication research or a business
paper. To examine an advertising plan, follow the numbered outline
below.
1. What is the company's mission statement?
The mission statement clearly and succinctly describes the nature of
the business, services offered, and markets served—usually in a few
sentences. Sometimes for larger companies it’s combined with a
vision statement that can be two to three paragraphs in length.
2. What is the target or niche markets?
In this section, list and describe potential groups of users or
clients. After you create the list, identify various segments of a
market. For segmenting the consumer market, consider age
groups. In addition, niche markets are an integral part of
marketing.
3. Can you describe services and products?
As mentioned above, it’s necessary to conduct research to understand
a company's market and to identify the services they require.
4. Can you
identify the
marketing and promotional strategies?
Various strategies work better for different target markets and,
therefore, several may be required to triumph. The key for
successful marketing is understanding what makes someone want to use
or buy services and what type of marketing strategy they respond to.
This requires you to learn needs, problems, industry trends.
Basic marketing strategies can include the following:
- Network, either in person or electronically, by
participating in discussion groups online where your target
markets congregate.
- Direct marketing involves sending out sales
letters, capability brochures, flyers, or special offers on a
regular, repeated basis to the same group of prospects. Direct
marketing can only work if you speak the language of your target
market and contact them regularly.
- Advertise in print media or directories, often
with a specific offer to reap the benefit of an immediate response
or sales. Advertising lends credibility (image advertising) and,
like direct marketing, must be continuous.
- Direct or personal selling is the one-on-one
selling, often on site at a prospect’s office or company. Direct
sales are a particularly costly form of marketing since you only
reach one person at a time. However, if you present your services
to a group of people at a company, such as people from a
particular department or several department heads, direct sales
can be beneficial.
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