This document discusses the importance of developing a marketing plan that identifies target, secondary, and tertiary customer markets based on demographics like age, gender, income, and consumer behaviors like online shopping. It emphasizes identifying what problem the product solves for customers rather than just the product itself. A successful plan will ensure the product meets the needs and budget of the target market and uses various promotional strategies across social media, print, and traditional outlets. Developing an initial prototype is also an important step before launching.
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How to create an effective marketing plan
2. WHAT IS THE IMPORTANCE OF A MARKETING PLAN?
TARGET MARKET? SECONDARY MARKET? TERTIARY MARKET?
HOW DO WE START THE MARKETING PLAN?
3. TARGET MARKET
TERTIARY MARKET
SECONDARY MARKET
Demographic:
Age: 25-50
Gender: Female
Income: 50,000+
Parents with children
Grades 5 12
Psychographics:
Consumer behavior
Online shoppers
Demographic:
Age: 15-25
Gender: Female
Parents with children
Grades 5 12
Children
Psychographics:
Consumer behavior
Online shoppers
Demographic:
Age: 25-50
Gender: Male
Parents with children
Grades 5 12
Psychographics:
Consumer behavior
Online shoppers
4. WHAT ARE YOU REALLY SELLING??????
What does McDonalds really sell? What does Apple really sell?
5. THE RECIPE FOR SUCCESS
What are you really selling?
Does it reach your Target Market?
Does your pricing strategy meet your Target
Markets willingness to choose your product?
The Where you are selling your products
(brick and mortar store or online store)