Small Business Marketing Plan Template Learn How to Create a Bootstrapper’s Marketing Plan for Your Home Based Start Up Business
As most small business marketing plan
templates are primarily structured for small companies desiring loan approval,
bootstrapped businesses have very few examples to choose from.
If you’ve decided to forgo hefty business
loans and bootstrap your start up business -- good for you! Here you’ll find a
simple marketing plan template for a home based business.
Small Business Marketing Plan Template
Vision
Create a Mission
Statement
Why does your start up business exist? What
problem do you solve? Define the solutions you provide to your target market
with your products or services.
Establish Your
Identity
Who are you? Create a brief statement which
defines your corporate identity and why you are uniquely qualified to satisfy
your customer’s needs. Discuss your special skills, abilities, education,
expertise and all relevant experience which qualifies you to lead this company.
Market Analysis
Validate Your
Business Idea
A critical component to starting any business
is thorough small business marketing research. You need to be sure the business
idea you have is viable.
Benefits and
Features
Why should your target choose your start up
business over the competition? What makes your offerings stand out from what
other similar companies are selling? Include a comparative analysis of the
features and benefits of your top 3 competitors.
Define Your
Target
Whom Do You Serve? Define your ideal target
by outlining a demographic profile.
Create a
Positioning Statement
Where are you positioned in your market?
Know and communicate your competitive advantage. What segment of the market do
you intend to dominate and serve well.
Marketing Strategy
Outline Your
Pricing Strategy
Why are you offering your service or goods at
this particular price? How does this price compare with your competitors? What
product or service features and benefits support your price point?
Define Your
Method of Delivery
How will you get your products or services to
your customers? What distribution channels have you set in place? What small
business marketing partnerships have you developed to aid in your distribution
strategy (i.e. distributors, wholesalers, retail outlets, eBay store).
Create a Customer
Service Policy
Why should anyone want to do business with
your start up company? What is your customer service plan? How do you intend
to build a solid reputation for keeping customers happy and coming back for
more?
Create a
Promotional Strategy
How do you intend to gain customers? Define
your promotional strategy and the methods of advertising you will use. Create a
12 month promotional calendar and a set a budget. What is your plan for
sustaining your start up business while you are waiting for the sales to start
rolling in?
Feel free to use this marketing plan template
as a starting point for your start up business. To view actual samples of
industry-specific small business marketing plans, check out
www.mplans.com.
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