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Marketing strategy is the section of your business plan that outlines your overall game
plan for finding clients and customers for your business. Sometimes marketing strategy
is confused with a marketing plan, but they are different. Marketing strategy focuses on
what you want to achieve for your business and marketing efforts. Marketing
plan details how you'll achieve those goals.
A good marketing strategy incorporates what you know about. How your business fits
into the market and the 5 Ps of marketing to develop the tactics and actions that will
achieve your marketing objectives.
The marketing strategy is created before you start your business. You can't market your
home business effectively without understanding how it fits into the marketplace, your
competition, how you'll compete, and what you need to achieve (i.e. sales numbers) to
reach your financial goals. The information you gather in creating the marketing strategy
is then used to create your marketing plan, and start your business.
When you want to write your marketing strategy, you need to know how your product or
service benefits others and how the unique of your product or service with other
businesses in the marketplace. Then you need to do market research to understand
your competition, your target market, and other factors that will impact your ability to
reach and entice people to your business. Once you have your research, you can write
your marketing strategy incorporating the 5 Ps of your marketing mix: Product, Price,
Place, Promotion, and People.
When you write your strategy, be specific, using detailed steps, visuals, and budget
projections. Keep your brand in mind so that your marketing strategy fits with what you
want the customer to experience when doing business with you. Be sure to refer to your
marketing strategy as you develop, assess, or change your marketing plan.
If you're using a business plan to get a loan or generate angel investors, the marketing
strategy and marketing plan will be essential elements to your success. Along with a
quality product or service, sources of financing also want to see that you understand
and have a plan for reaching your market. If you ever watch Shark Tank, you'll notice
that many of their questions have to do with the market and what's special about the
product/service (USP) especially compared to what already exists (why is your product
or service needed?).
https://www.thebalancesmb.com/marketing-strategy-for-home-business-success-1794314
I. Reading Comprehension
Example: When is the marketing strategy created? The marketing strategy is created
before you start your business.
To remind the students about the change of forms of verbs in English the
following samples of verb forms can be studied to understand how to use them in
sentences.
1. The Forms of Verbs.
Regular Verbs
Irregular Verbs.
1. Opening:
I think the text is interesting to read and study because…….
I found the text interesting (amusing, funny, important, informative, too
hard to understand)…..
In my opinion ….. the reading text is…………………..
As far as I am concerned …
I think….
It seems to me……..
I believe…………
I consider………
Example:
Why are you studying business administration? explain your answer.
I am studying business administration because I want to be an entrepreneur.
To be a good and successful entrepreneur, someone should know how to
manage a business, and on this campus I hope I can study a lot about how to
manage a business.
C. Assignment
1. Make a presentation about one of the subjects which you have studied in the
Study Program ABO.
a. choose one of your lecturing subject which your have studied before for
example. marketing mix, how to be an entrepreneur, international trade,
etc.
b. Prepare presentation slides for your guidance in delivering the
presentation.
c. Make sure that you have learnt to deliver your presentation before telling
in front of class.
d. Make sure that every member has a turn to tell the presentation.
e. Use Google translate if you find difficulties in making sentences.
f. Choose one of the members to be the moderator of the presentation.
2). Video
What does the video tell about?
What is your opinion about the video? the picture, the duration, the
speed of English used. etc.
What does the video tell about?
What is your comment the content of the video?
What lesson can you obtain from the video.?