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7. Implementation and control: consist in series of activities that must be performed in order to run marketing plan in accordance to objectives set by marketer. At this stage, it is critical to gain support of all members if organization, especially when marketing plan is due to affect organization from its grounds.
8. Performance measurement: constitutes last but not less important stage of marketing plan, since we can achieve only what we can measure. In order to measure performances achieved through marketing plan, we need to constantly monitor each previous stage of plan.
The marketing plan that has a feedback cycle, from 8th stage back to 4th. That is because sometimes during planning process, we might need to perform stages 4 to 8 several times before final plan can be written.
III. The e-marketing plan
The e-marketing plan is built exactly on same principles as classical plan. There is no different approach, but there might be some formal differences given by uniqueness of internet environment. Many of these differences come from necessity to ensure a high rate of responsiveness from customers, since e-world is moving faster and requires faster reaction from its companies, compared to traditional offline marketplace.
Even though it is perfectly acceptable and is a common practice to use 8-stage classic model for e-marketing plan as well, you might want to consider simplified version proposed by Chaffey, who identifies four major steps to build e-marketing plan:
1. Strategic analysis: consists in continuous scanning of macro- and micro-environment. The accent should fall on consumers' needs that change very rapidly in online market, as well as on surveying competitors' actions and evaluating opportunities offered by new technologies.
2. Defining strategic objectives: organization must have a clear vision and establish if media channels will complement traditional ones, or will replace them. We must define specific objectives (don't forget to check if they are SMART!) and we must also specify contribution of online activities to organization’s turnover.
3. Formulating strategies - we do that by addressing following essential issues:
- develop strategies towards target markets;
- positioning and differentiating strategies;
- establish priorities of online activities;
- focus attention and efforts on CRM and financial control;
- formulate strategies for product development;
- develop business models with well-established strategies for new products or services, as well as pricing policies;
- necessity for some organizational restructuring;
- changes in structure of communication channels.
4. Implementing strategies: includes careful execution of all necessary steps to achieve established objectives. It could refer re-launching of a website, promo campaigns for a new or rewritten site, monitoring website efficiency and many more.
Note: a common strategy to achieve e-marketing objectives is communication strategy. The steps to built a coherent communication plan will be presented within a further article.
IV. The e-marketing plan (sample titles)
1. Executive Summary a. overview upon present conjuncture; b. key aspects of strategic e-marketing plan.
2. Situational Analysis a. characteristics of e-market; b. possible factors of success; c. competitors’ analysis; d. technological factors; e. legal factors; f. social factors; g. possible problems and opportunities.
3. The e-Marketing Objectives a. product profile; b. target market; c. sales objectives.
4. The e-Marketing Strategies a. product strategies; b. price strategies; c. promotion strategies; d. distribution strategies.
5. Technical Issues a. website content; b. website "searcheability"; c. logging security (for customers and staff); d. customer registration procedure; e. multimedia; f. autoresponders; g. order forms and feedback forms; h. access levels to online resources; i. credit card transactions; j. website hosting; k. website publishing; l. technical staff (size, requirements)
6. Appendix
7. Bibliography
Otilia is a certified professional with expertise in e-Marketing and e-Business, currently working as independent consultant and e-publisher. She developed and teach her own online course in Principles of e-Marketing and can be contacted through her Marketing portal Tea with an Edge of Marketing