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Write A Marketing Plan
Write A Marketing Plan
Deep-dive business review to Summarize the drivers and inhibitors Use strategic questions to
1 2 3
look at every area of the brand. currently facing brand. Map out the help you frame the key
risks and opportunities for future. issues facing your brand.
• Market: Macro view, economic indicators,
consumer behavior, technology, political 1 What is the core strength your
Drivers Inhibitors brand can win on?
• Consumer: Target, buying habits, trends,
consumer enemies, key insights Factors of strength or Weaknesses or How tightly connected is your
2
inertia that accelerate friction slows brand consumer to your brand?
• Channels: growth channels, major your brand’s growth. down, leak to fix
customers, available tools and programs 3
What is your current
Opportunities Threats competitive position?
• Competitors: Performance, positioning,
innovation, pricing, distribution, perceptions. Changing consumer Competitor launch, 4
How engaged are consumers in
• Brand: Funnel, reputation, tracking results, needs, technologies, trade barriers, the purchase decision?
pricing, distribution, financial analysis. channels, legal, customer preference. What is the current business
5
situation your brand faces?
5
Annual Marketing Plan
Lay out elements of a 1
Brand Vision: Be first ‘healthy cookie’ to generate craving, popularity and sales of a mainstream cookie. $100 Million by 2024.
4
Analysis VisionIssues and Strategies Execution Plans
marketing plan on P&L forecast
• Sales $30,385
Key Issues
1.What’s the priority choice for growth: find
Advertising
• Use awareness to drive trial of the new
Use “where are we” questions to uncover
one page and in a • Gross Margin
• GM %6 $17,148
56%
new users or drive usage frequency among
loyalists?
Grays. Target “Proactive Preventers”.
Suburban working women, 35-40.Main answers that frame the overall strategic plan.
Forecast
• Marketing Budget $8,850 2.Where should the investment/resources
3
Message of “great tasting cookie without the
Analysis
• Low Purchase Frequency among most
loyal.
• Increase penetration from 10% to 12%,
specifically up from 15% to 20% with the
core target. Monitor usage frequency
Innovation
• Launch two new flavours in Q4/15 & Q4/16.
Explore diet claims, motivating and own-
• Key Issues
• De-listing 2 weakest skus weakened our in- specifically up from 45% to 50% within the distribution gaps. At launch, heavy
store presence core target. Drive trial from 15% to 20%. merchandising, locking up key ad dates,
• Legal challenge to taste claims Close distribution from 62% to 72%. BOGO. TV, print, coupons, in-store
• Strategies
Opportunities • Hold dollar share during competitive sampling.
• R&D has 5 new flavors in development. launches. Grow 11% post launch gaining up • Use sales story that any new “healthy”
• Sales Broker gains at Specialty Stores to 1.2% share. Target zero losses at shelf. cookies should displace under-performing
• Use social media to convert loyal following. and declining unhealthy cookies.
• Tactics
We start with our five strategic questions
and transfer over to your marketing plan
Annual Marketing Plan
Questions to ask Planning Elements Brand Vision: Be first ‘healthy cookie’ to generate craving, popularity and sales of a mainstream cookie. $100 Million by 2024.
Forecast 3
• CM% 23% awareness and share needs for Gray’s? health”. Media includes 15 second TV,
Drivers 3.How will we defend Gray’s against the specialty health magazines, event signage,
2. Where are we? 2 Analysis • Taste drives a high conversion of Trial to
Purchase
• Strong Listings in Food Channels
Issues
proposed Q1 2014 ‘healthy cookie’
launches from Pepperidge Farms and
Nabisco?
digital and social media
Sampling
• Drive trial with In-store sampling at grocery,
• Exceptional brand health scores among Strategies Costco, health food stores and event
Early Adopters. Highly Beloved Brand 1.Continue to attract new users to Gray’s sampling at fitness, yoga, women’s
among niche.
Inhibitors
2.Focus investment on driving awareness
and trial with new consumers and building 5
networking, new moms.
Distribution
3. Why are we here? 3 Key Issues • Low familiar yet to turn our sales into loyalty
• Awareness held back due to weak 4a presence at retail.
3.Build defence plan against new entrants to Execution
• Support Q4 retail blitz with message
focused on holding shelf space during the
2
Advertising
• Low distribution at specialty stores. Poor Goals Strategies
defends with consumers and at store level. competitive launches. Q2 specialty blitz to
grow distribution at key specialty stores.
Analysis
coverage. • Increase penetration from 10% to 12%, Innovation
• Low Purchase Frequency among most specifically up from 15% to 20% with the • Launch two new flavours in Q4/15 & Q4/16.
Goals
• Legal challenge to taste claims Close distribution from 62% to 72%. BOGO. TV, print, coupons, in-store
5. What do we need to do? 5 6 Execution/Measures Opportunities
• R&D has 5 new flavors in development.
• Hold dollar share during competitive
launches. Grow 11% post launch gaining up
sampling.
• Use sales story that any new “healthy”
• Sales Broker gains at Specialty Stores to 1.2% share. Target zero losses at shelf. cookies should displace under-performing
• Use social media to convert loyal following. and declining unhealthy cookies.
Beloved Brands
The playbook for how to build a
brand your consumers will love.
✓
✓
How to think strategically
Write a brand positioning statement
The playbook for how to create a
✓
✓
✓
Come up with a brand idea
Write a brand plan everyone can follow
Write an inspiring creative brief
brand your consumers will love
✓ Make decisions on marketing execution
✓ Conduct a deep-dive business review
✓ Learn finance 101 for marketers
Annual Marketing Plan
Brand Vision: Be first ‘healthy1cookie’ to generate craving, popularity and sales of a mainstream cookie. $100 Million by 2024.
Vision
Analysis Issues and Strategies Execution Plans
P&L forecast Key Issues Advertising
• Sales $30,385 1.What’s the priority choice for growth: find • Use awareness to drive trial of the new
• Gross Margin6 $17,148 new users or drive usage frequency among Grays. Target “Proactive Preventers”.
• GM % Forecast 56% loyalists?3 Suburban working women, 35-40.Main
• Marketing Budget $8,850 Key Issues
2.Where should the investment/resources Message of “great tasting cookie without the
• Contribution Margin $6,949 focus and deployment be to drive our guilt, so you can stay in control of your
• CM% 23% awareness and share needs for Gray’s? health”. Media includes 15 second TV,
Drivers 3.How will we defend Gray’s against the specialty health magazines, event signage,
• Taste drives a high conversion of Trial to proposed Q1 2014 ‘healthy cookie’ digital and social media
Purchase launches from Pepperidge Farms and Sampling
• Strong Listings in Food Channels Nabisco? • Drive trial with In-store sampling at grocery,
• Exceptional brand health scores among Strategies 5 food stores and event
Costco, health
Early Adopters. Highly Beloved Brand 1.Continue to attract new users to Gray’s sampling at fitness, yoga, women’s
Execution
among niche. 2.Focus investment
4 on driving awareness networking, new moms.
Inhibitors and trial with new consumers and building Distribution
• Low familiar yet to turn our sales into loyalty
Strategies
a presence at retail. • Support Q4 retail blitz with message
• Awareness held back due to weak 3.Build defence plan against new entrants to focused on holding shelf space during the
Advertising defends with consumers and at store level. competitive launches. Q2 specialty blitz to
2 at specialty stores. Poor
• Low distribution Goals grow distribution at key specialty stores.
coverage. Analysis • Increase penetration from 10% to 12%, Innovation
• Low Purchase Frequency among most specifically up from 15% to 20% with the • Launch two new flavours in Q4/15 & Q4/16.
loyal. core target. Monitor usage frequency Explore diet claims, motivating and own-
Risks among the most loyal to ensure it stays able.
• Launch of Mainstream cookie brands steady. 5 Competitive Defence Plan
(Pepperidge Farms and Nabisco). • Increase awareness from 33% to 42%,
Goals • Pre Launch sales blitz to shore up all
• De-listing 2 weakest skus weakened our in- specifically up from 45% to 50% within the distribution gaps. At launch, heavy
store presence core target. Drive trial from 15% to 20%. merchandising, locking up key ad dates,
• Legal challenge to taste claims Close distribution from 62% to 72%. BOGO. TV, print, coupons, in-store
Opportunities • Hold dollar share during competitive sampling.
• R&D has 5 new flavors in development. launches. Grow 11% post launch gaining up • Use sales story that any new “healthy”
• Sales Broker gains at Specialty Stores to 1.2% share. Target zero losses at shelf. cookies should displace under-performing
• Use social media to convert loyal following. and declining unhealthy cookies.
GRAY’S
Annual Marketing Plan Cookies
Brand Vision: Be first ‘healthy cookie’ to generate craving, popularity and sales of a mainstream cookie. $100 Million by 2024.
Brand Vision: Be the lighting brand Broadway directors see as essential to their show. Make Gray’s a $100 Million brand by 2022.
Analysis Issues and Strategies Executional Plans
P&L forecast Key Issues Content Marketing
• Sales $30,385 1. How do we shift Gray’s from a product-led • White Papers on the impact of lighting.
• Gross Margin $17,148 launch into an idea-led brand to own “magic”? • Video story telling of our case studies, using
• GM % 56% 2. How do we use loyal advocates to establish our loyal directors to tell story.
• Marketing Budget $8,850 Gray’s in the production house buyer’s mind? • Video interviews of patrons to highlight the
• Contribution Margin $6,949 3. How do we defend against entry of impact of the lighting.
• CM% 23% mainstream lighting (GE, Philips) into the high- Influencer Program
Drivers end stage lighting segment? • Use key influential directors
• In theater tests and director’s brand Strategies • Tell story through social media
satisfaction converts trial to purchase. 1. Content marketing to get Broadway directors • Film one of the demos
• Strong support from the Broadway directors— to book a demo program and trade up Distribution
creates key influencers to go to new markets. 2. Use demo program to sign up highly • Support Q4 sales blitz with message focused
• Exceptional brand health scores among Early motivated theater directors and drive share on holding shelf space during the competitive
Adopters. Highly Beloved Brand among niche. 3. Use high performance claims to defend launches. Q2 contractor blitz to grow
Inhibitors against new entrants with most loyal high distribution at key contractor stores.
• Awareness weak—especially with production volume directors to hold onto key customers.
Social Media
houses—who are more focused on price. Goals • Social Media program
• Low distribution at product houses segment • Increase penetration from 10% to 12%, • East coast sales blitz
due to poor sales coverage. specifically up from 15% to 20% with the core • Direct mailer nationally
• Low repeat frequency, even among loyal. target. Monitor usage frequency among the
Directors need to re-sell each new order. most loyal to ensure it stays steady. Competitive Attack Plan
• Increase awareness from 33% to 42%, • Pre Launch sales blitz to shore up all
Risks distribution gaps. At launch, heavy
• Launch of Mainstream lighting brands (GE, specifically up from 45% to 50% within the
core target. Drive trial from 15% to 20%. Focus merchandising, locking up key buyer dates,
Philips). BOGO. In-theater demo.
• De-listing 2 weakest skus in contractor for sales is to close contractor gaps going from
62% to 72%. • Claims data vs competitors
segment weakens overall presence • Industry advisory panel
• Legal Challenge to competitive claims • Hold dollar share during competitive launches
and continue to grow 11% post launch gaining Innovation
Opportunities up to 1.2% share. Target zero losses at shelf. • Building new product pipeline.
• R&D has 5 new designs in development. • Explore lighting options for social media
• Sales Broker create gains at contractors • New face recognition claims.
• Explore social media to convert loyal following.
Annual Marketing Plan
Brand Vision: Apple wants everyone in the world to be part of the future and be the world’s first. $1 Trillion brand valuation
1
Strategic What
consumers
What
your brand 2
Positioning
Thinking want does best Statement
What your
competitor
does best
Annual Marketing Plan
Brand Vision: Be first ‘healthy cookie’ to generate craving, popularity and sales of a mainstream cookie. $100 Million by 2024.
4"
• Low distribution at specialty stores. Poor Goals grow distribution at key specialty stores.
coverage. • Increase penetration from 10% to 12%, Innovation
• Low Purchase Frequency among most specifically up from 15% to 20% with the • Launch two new flavours in Q4/15 & Q4/16.
4x"per"year" loyal. core target. Monitor usage frequency Explore diet claims, motivating and own-
2" 45"
Risks
• Launch of Mainstream cookie brands
among the most loyal to ensure it stays
steady.
able.
Competitive Defence Plan
5
Analyze 3
Marketing
Performance Plans
4
Marketing
Execution
Beloved Brands
The playbook for how to build a
brand your consumers will love.
✓
✓
How to think strategically
Write a brand positioning statement
The playbook for how to create a
✓
✓
How to think strategically
Write a brand positioning statement
The playbook for how to create a
✓
✓
✓
Come up with a brand idea
Write a brand plan everyone can follow
Write an inspiring creative brief
brand your consumers will love
✓ Make decisions on marketing execution
✓ Conduct a deep-dive business review
✓ Learn finance 101 for marketers
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