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Advertising and Promotion
Your advertising and promotion campaign is how you communicate
information about your product or service. This section should
include a description of all advertising vehicles you plan to use
- newspapers, magazines, radio & TV, Yellow Pages, etc. - as well
as your public relations program, sales/promotional materials
(such as brochures and product sheets), package design, trade show
efforts, and the like. If you're using an advertising and/or a PR
agency, be sure to discuss their talents and what efforts they are
contracted to make on your behalf.
Tips
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Make sure that your advertising and promotion tactics
support your sales tactics. For example, if you use sales
reps, you will probably need to discuss with them what kinds of
promotional materials you will supply. If you use
direct mail sales, what kind of direct mail packages will
you be producing?
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Think about using examples or samples to support your
discussion of promotional tactics. If you have a copy of an
ad you've run, or a mock-up of an ad you plan on running in
the future, include it in your business plan. You can place
these samples in a separate "Exhibits" section at the end of
the plan.
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Unique product packaging is also a key promotional tactic.
You probably will want to discuss the benefits of your
package design, and include a sample in your business
plan.
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If you have a public relations plan in place, include a copy
of your press kit, and a list of targeted media in your
business plan. This will further demonstrate that you know
exactly how you plan to reach your target audience.
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If trade shows will be an integral part of your marketing
strategy, be sure to include a trade show schedule outlining
at which expos you'll be exhibiting. And don't forget to
explain why you've chosen those shows.
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If you are providing a business-to-business service, some
areas to cover in this section include: trade shows, trade
magazine advertising, publicity, direct mailings, product
sheets, and other promotional materials. For consumer
products, you should also discuss the types of advertising
and promotion you will do to introduce the product and what
kinds of sales aids will be provided to dealers.
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If advertising or promotion is a critical expense, you
should include an exhibit showing how and when these costs
will be incurred.
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