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The Marketing Best Practices
Newsletter
More Info?
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How to Get Started on Your Marketing Plan
Strategy
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By: Bobette Kyle
www.websitemarketingplan.com
When developing or updating a marketing plan strategy, knowing where to start
is often a challenge. To better develop effective marketing
strategies, begin by gathering information about both your business
and the larger business environment (competition, trends, statistics,
etc.).
Internally, the amount of information you gather about your own
business will depend on your company size. Information can include
business strategies and plans; company marketing plans; pricing; and
income statements. Employee knowledge is also a valuable resource. As
you gather information, if you at first turn to internal sources then
expand your understanding through external resources you will do fine.
External information about the business environment often takes the
form of existing research, articles, competitive information, and
industry news. While these are often available in both print and
digital, the focus here is finding information online.
Gathering Information Online - Getting Started
The numerous news sources and billion or so Web pages available on the
Internet make finding information much easier than in pre-Internet
days. Before the Internet, gathering information meant trips to the
library, purchasing expensive publications and reports, and
commissioning your own primary research. Now, it is a matter of
knowing where to search.
You can start searching the Internet by looking in each of the general
areas below. Organize useful material as you find it. Purchase,
bookmark, or file each resource so you can draw upon it during
marketing plan development.
These external resources, together with your internal company
information, will be your initial knowledge base as you develop your
Marketing Plan. As you progress along the planning process and the
specific information you need become clearer, these initial resources
are likely to be jumping-off points for gathering more specific
information.
Information Sources
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Annual Reports and other SEC Filings. These documents are required by
publicly held U.S. companies and often include statistics and other
industry information. |
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Books. Books can often provide detailed insight and analysis you
cannot find elsewhere. |
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The Government. At last count 100 U.S. Federal agencies had
statistical programs, many with data available on the Web. You can
find the complete list here:
www.fedstats.gov/agencies/index.html |
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Message Boards and Newsgroups. You can pick up on trends, hot topics
in the industry, and competitor information by following discussions. |
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News Articles. These often give clues to the business environment and
can lead you to additional information sources. |
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Newsletters. By reading and subscribing to competitor and industry
newsletters you can get insight into current promotional tactics and
other activities. |
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Research Sites. Archives, press releases, newsletters, and executive
summaries on these sites can provide relevant research findings and
statistics. |
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Search Engines and Directories. Search by keyword or drill down into
directory sub-categories to find information. |
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Subject Sites. There are some general sites - www.suite101.com,
www.about.com, and www.business.com to name three - with numerous
topic-specific pages. Check for pages relating to your industry or
product. |
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Trade Associations and Publications. You will often find industry
information, statistics, and membership lists online. |
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White Papers and other Company Publications. Companies will sometimes
publish free white papers that summarize the industry trends or other
information.
For more on developing a marketing plan strategy, read Bobette's marketing plan
guide.
About the Author
Bobette Kyle draws upon 10+ years of Marketing/Executive experience,
Marketing MBA, and online marketing research in her writing.
Her book, "How Much for Just the Spider? Strategic Web Site Marketing
for Small-Budget Businesses", shows how to better find, target, and
attract Web customers.
Read about it at WebSiteMarketingPlan.com - http://WebSiteMarketingPlan.com
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