The Importance of Marketing Strategies for your Small Business

July 9, 2009

You may think that you know enough about your business and the industry you work in, to not have a formal marketing plan or strategy. If you’re lucky enough to not be affected by the recession, and your small business is still performing well, you may take the stance of ‘if it ain’t broke, don’t fix it’ (or from my favourite childhood Disney film Beauty & The Beast ‘If it ain’t baroque, don’t fix it’!!).

However, if I may present another (non Disney) chiasmus quote: Fail to plan and you plan to fail. Even if your small business is doing well right now, you never know what’s round the corner. Small business that are successful at marketing always have a marketing plan. Marketing practices are constantly changing and evolving, so it’s best not to plan too far ahead; a 12 month plan should do it. Who knew 12 months ago that Twitter would suddenly explode into a mainstream marketing tool? If you don’t plan and review your marketing activities and continue to only carry out the marketing activities that you’ve always done, you may end up missing out.

You should ensure that your marketing plan is clear and simple – you need to be able to refer back to it easily, and track your progress against your goals and projections.

If you need assistance in creating a marketing plan for your small business, get in touch with SMEketing. We can help put together strategies for business with budgets large and small!

Filed under: Marketing Planning & Strategy

Tags: Hampshire, lead generation, marketing plan, marketing strategy, Small business, Small Business Marketing, SME