For example if your target audience

is active on Instagram and you want to municate with your customers on that platform, then it is important to increase Instagram followers as a primary goal. This means you should add this step to your marketing plan and consider appropriate spending. Without clear estimates, strategy building, KPI formulas, and metrics, you won’t be able to plan for the future of your business.

 

 Of course, you can analyze

the market and roughly calculate the growth scale of turnover, revenue, and profits. But recognition and other marketing metrics are equally important to sustainable business operations. to be smooth sailing, perform all the calculations we’ve written in this article. This has significant implications for managers, investors, partners, employees and customers.

 

 ANALYSIS OF CURRENT MARKETING

SITUATION When you create a marketing plan, you’ll see the r Bulgaria Email List ealities of your pany and the industry as a whole. A pany’s success depends on how well its products or services meet customers’ basic needs. Therefore, you need the most reliable, objective, plete and relevant data on market developments and consumer behavior.

 In particular, identifying

effective marketing strategies and tactics. Marketing plans al A Free Directory Challenge low potential and existing panies to study possible development directions and choose the most promising and optimal ones.

Here, customer segmentation is performed

target market segments are selected, consumer portraits are established based on parameter analysis, and behavioral characteristics are studied. The subject of the analysis is the motivations and determinants of consumer behavior in the market.

 

 In addition, when formulating

a marketing plan, it is also necessary to study the consumption structure, customer demand trends, and the extent to which buyers satisfy specific product needs. If you develop a detailed branding plan, you will learn more about corporate PR and advertising. IN CONCLUSION A marketing plan is part of a pany’s business plan.