Unit 4: Building Marketing and PR Plan
Unit 4: Building Marketing and PR Plan
Unit 4: Building Marketing and PR Plan
▣ MARKET DESCRIPTION:
Describing the targeted segments in detail
provides content for the marketing strategies and
detailed action program for the new marketing plan.
▣ BENEFITS AND PRODUCT FEATURES:
It expresses the benefits that product features
will deliver to satisfy the needs of customers in each
targeted segments.
Step 1: Document Your Business Goals
▣ PRODUCT REVIEW:
The product review summarizes the main features
for all of the products that company offers,
organized by product line, type of customer, market
or order of product information.
▣ COMPETITIVE REVIEW:
To identify the key competitors, describe their
market positions and briefly discuss their strategies
Step 2: Develop A SWOT & Set Your
Budget
▣ A SWOT of your current marketing program -
strengths, weaknesses, opportunities, and threats in
terms of your competitive position, target markets,
target audiences, current positioning/messaging, the
maturity of your offerings, channel partners, etc.
▣ Marketing resources and budget - a rule of thumb
for spending on marketing is 6-to-12% of gross
revenue with higher spending in the early phases as
you establish your marketing foundation.
Step 2: Develop A SWOT & Set Your
Budget
Step 3: Define Your Target Personas
Now that you’ve analyzed your past performance, and your competitors PR
efforts, you should already have a list of ideas and PR action plans you’d
like to implement.
▣ Whether or not those action plans and ideas are to be implemented
depends on the long term and short term impact it could have.
▣ This is where SMART goals come in to play. Your PR goals should be
1. Specific
2. Measurable
3. Attainable
4. Relevant
5. Time-bound
▣ Most importantly, your PR goal should tie into your overall all business
goal. Achieving your PR goal should contribute to archiving your
business goal.
3.Define your target audience
▣ As a marketer, you’ve probably heard or read about the
importance of defining your target audience.
▣ The success of a business depends greatly on the market.
Successful businesses know who their target audience are, so
they’re able to tailor their message to them.
▣ You can find out who your target audience is by asking yourself
these questions
1. Who would be interested in hearing about my business?
2. Who could have the greatest impact on my business outcome?
3. Where would they learn about positive and negative news about
my business? On social media? Television?
4. Who would take action and purchase my products and services?
5. Is my message family-friendly? Should it be?
4. Analyze the macro and micro
environment affecting your business
▣ A Macro environment is major external and
uncontrollable factors that influence an
organization’s decision making, and affect its
performance and strategies.
▣ These factors include the economic factors;
demographics; legal, political, and social conditions;
technological changes; and natural forces.
4. Analyze the macro and micro
environment affecting your business
▣ Micro environment refers to the environment which is in
direct contact with the business organization and can affect
the routine activities of business straight away. It is
associated with a small area in which the business functions.
▣ Factors that influence your business micro environment are:
▣ Customers
▣ Competitors
▣ Suppliers and distribution channels
▣ Employees (workers and their unions)
▣ Stakeholders
▣ Media
5. Identify key messages
▣ Now that you know the factors affecting your industry and
your business, who your target audience is, and what your
goals are, you should have a better idea of what to do.
▣ Your message is one of the most important aspects in
crafting a great PR strategy. To come up with your key
messages, start by asking this questions:
1. What do I want the public to know about my business?
2. What is my company’s vision or mission?
3. What is my elevator pitch?
4. Why should the public care about me rather than my
competitor?
6. Select PR Tools
▣ Now that we know what our message is, it’s time to think
about how we’d get our message out there. This is where PR
tools come in to play.
▣ There are lots of amazing PR tools out there, but if you’re
new to PR or if you’re working with a limited fund, then it’s
best to start cheap.
There are several amazing free PR tools in the market for you to
start with such as:
▣ Muck Rack
▣ Source Bottle
▣ Help A Reporter Out (HARO)
▣ A News Tip
7. Plan PR tactics