
Creating a Marketing Plan
-by Tim Magwood
How effective is your marketing strategy? Do you have one? How often do you revise it?
In the past few weeks in client and prospect meetings, I have had more conversations than usual about Marketing. It’s likely because of the time of year.
In November and December in particular we think about our priorities and where we are spending our time and energy.
The purpose of this article is to cause you to reflect about how you approach marketing, how it supports your sales and business development efforts and to outline a process for creating a Marketing Plan.
This process can be used for an organization, a team, or an individual.
First, here is a conceptual model that can help drive the process:

Here are the specific steps that support this model:
Step 1 – Expand Current Perspective Through Analysis
The purpose of this step is to reflect on current practices in order to learn from the past.
One of the biggest challenges I have found in helping professionals and groups devise a marketing plan is the “dive-in” syndrome.
A lot of professionals want to “dive-in” to the plan and the action steps before doing any analytical work first.
This thinking step is critical to developing insights that will inform future direction. Here are some analysis activities to include with this step:
a/ SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats) – this analysis will help you to step back and look at the big picture.
b/ Competitive Analysis – What are three of your core strengths you can leverage?
c/ Network Analysis – What are Centres of Influence (friends, colleagues, customers etc.) you can connect with?
Here are some other questions to consider in this step:
• How do you currently market?
• What is the balance between nurturing current clients and creating new ones?
• What marketing activities created new business leads in the past year? Which activities should you stop?
Step 2 – Establish 3 Year Vision
The purpose of this step is to craft a vision or overall objective that is descriptive, motivating and that can be expressed in one or two sentences.
Here are some questions to consider in this step:
• What is the 3 year vision for your business or team?
• Is it something that can be communicated to clients or prospects?
• How is it better or different from today?
Step 3 – Assemble Plan
Keep your plan simple. The simpler it is, the easier it is to execute! Here are some key elements to consider for your marketing plan:
a/ Insights from Analysis Activities (step 1)
b/ 3 year vision (step 2)
c/ Differentiators – what sets you apart?
d/ Target Markets & Criteria – what are the business segments and geographies to focus on?
e/ Key Goals
f/ Priority Marketing Activities (ie. events, articles, networking, materials, etc.)
g/ Marketing Schedule
h/ Resources Required
i/ Budget
j/ Action Plan – what/who/when?
Here are some questions to consider when assembling your marketing plan:
• Is this a collaborative or individual effort?
• Would it help to have someone facilitate the process?
• How can you engage “front of line” professionals in the process?
Step 4 – Engage Key Stakeholders
A plan needs buy in and momentum from key players.
Here are three questions to consider with this step:
1. Who needs to be engaged to ensure success of the plan?
2. What are the roles and responsibilities of each team member?
3. How should you engage stakeholders in analysis (step 1)?
Step 5 – Execute and Refine
A plan is a blueprint for future actions. Many of us fall down in the follow up and ongoing refinement of the plan.
Meet with key stakeholders on a quarterly basis to track progress and refine the plan based on what is working and what is not.
We hope this gives you some food for thought!
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