Posts Tagged ‘marketing plan’

The Action Plan

In the Marketing Mix Part 2

If you have not looked at your marketing mix lately (or ever), then now is the time! Whether it is the beginning of the year and you updating your business plan or it is the end of the quarter and you are reviewing numbers, writing down and assessing your marketing mix is essential to creating an action plan and to reaching your goals.

Let’s get started. Download our Marketing Mix Worksheet to follow along with the steps below. And if you do not know what the heck is a marketing mix—it is not a cocktail—then read Part 1: How Do You Slice Your Marketing Pie?

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How Do You Slice Your Marketing Pie?

In the Marketing Mix Part 1

I have recently become a little obsessed with obscure holidays. While researching the topic, I learned that February was National Pie Month. As a person with a huge sweet tooth, I immediately made plans to celebrate. In my pie musings, it occurred to me that marketing is a like serving a pie. When you eat pie at a nice restaurant, it is cut up and served in perfectly proportioned pieces that are all exactly the same size. But in the real world, your kitchen or office depending if we are talking about business or an actual dessert, it is hard to divide the pieces so perfectly. (There is always that one person who just wants a taste.)

When serving pie, all this unevenness can be messy and certainly won’t get you on the cover of Gourmet. However, when it comes to marketing, it is a good thing to not divide your pie into perfectly equal pieces. Not all marketing activities are created equal—depending on your industry, audience, and goals some are much more effective than others. Those activities should be given a large slice of the pie i.e. time and money. As your business grows and evolves, the divisions (or your marketing mix) must change to match your new industry, audience, or goals.

OK, I Get It. Now what? Read Part 2: The Action Plan for instructions and a worksheet. Or if you want to make a delicious dessert, check out the recipe for the Chocolate Fudge Pie featured in this article.

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