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How To Develop Marketing Strategy
How To Develop Marketing Strategy
When it comes to marketing, strategy and planning are closely linked. Developing a marketing strategy
leads to creating a plan, and neither is complete without the other. For both, it’s necessary for a company
to look both internally and externally, considering your brand, customers, and ways to connect them. Here
are the steps to help you get started:
1. Start with a goal that aligns with your overall business objectives.
2. Conduct a marketing analysis to understand the market conditions and your strengths and
weaknesses.
3. Focus on your customers and create customer personas to inform your marketing efforts.
4. Understand your product/service and its unique features using the '4 Ps of the marketing mix':
Product, Price, Promotion, and Place.
5. Define measurable objectives that align with your goals, ensuring they are SMART (Specific,
Measurable, Achievable, Relevant, and Timely).
6. Outline marketing techniques and channels that can help you achieve your objectives.
7. Set a budget that ensures you allocate sufficient resources for your marketing activities.
8. Create a detailed marketing plan.
9. Develop a system to analyze and measure the performance of your marketing campaigns using
web analytics and other relevant data to continually improve your strategy.
WHAT ARE THE PROCESS AND TOOLS OF DEVELOPING COMMUNICATION PLAN?
A communication plan is a strategic blueprint for delivering consistent, coordinated, and targeted
messaging to achieve specified goals. We all know the importance of effective communication.
Developing a communication plan is one way to help ensure your communication efforts are strategic,
coordinated, and consistent. A strong communication plan can help you get your message out and achieve
your goals.
1. Specify Goals:
Begin by clearly defining the specific goals you want to achieve through your communication efforts.
These goals should be specific, measurable, achievable, relevant, and time-bound (SMART). For
example, your goal might be to increase brand awareness by 20% within the next six months.
2. Identify Target Audiences and Objectives:
Identify and segment your target audiences. Each audience may have different needs, interests, and
communication preferences. Determine the objectives you want to achieve with each audience. For
instance, if you're a healthcare provider, you may have different communication objectives for patients,
medical professionals, and the general public.
3. Craft Key Messages:
Develop clear and concise key messages that align with your goals and resonate with your target
audiences. These messages should highlight the benefits or value of your product, service, or initiative.
Ensure that your messages are consistent across all communication channels.
4. Determine Communication Strategies:
Select the most appropriate communication channels and strategies to reach your target audiences
effectively. This may include digital marketing, social media, email campaigns, public relations,
advertising, or community engagement. Tailor your strategies to match the preferences and habits of your
audiences.
5. Develop a Dissemination and Outreach Plan:
Create a detailed plan outlining how you will disseminate your messages. Consider the timing, frequency,
and sequencing of your communications. Determine which channels you will use for each message and
audience. Allocate resources and responsibilities for executing the plan.
6. Create a Timeline:
Develop a timeline that outlines when each communication activity will take place. This timeline should
include milestones, deadlines, and checkpoints to ensure that your plan stays on track. Be flexible and
prepared to adjust the timeline as needed based on real-time feedback and changing circumstances.
Project Overview:
The proposed commercial development project encompasses the following key elements:
Lot Area: 30,000 square meters
Project Name: Lipaya Square
Location: Cebu City, Philippines
Project Type: Commercial
Building Types: Office Spaces, Retail Outlets, Restaurants.
Parking Facilities: Surface Parking: This is the most common and cost-effective parking solution. It
involves the creation of parking lots with designated spaces on the ground level of the property. It is
suitable for smaller developments and businesses with moderate parking demands.
Green Spaces: Landscaped Courtyards, Pocket Parks
Objectives:
Our primary objectives for this project include:
Creating a vibrant and economically viable commercial center.
Providing a diverse range of commercial spaces to attract businesses from various industries.
Fostering a sense of community by offering amenities and gathering spaces.
Ensuring compliance with local zoning regulations and environmental standards.
Contributing to the local economy and job creation.
Project Phases:
The development of Lipaya Square will be divided into several phases, including site preparation,
infrastructure development, building construction, and landscaping to ensure efficient execution.
Design and Architecture:
Our team of experienced architects and designers will focus on creating a visually appealing and
functional commercial space. The design will incorporate modern architectural elements, energy-efficient
features, and innovative design concepts to enhance the project's attractiveness.
Amenities and Public Spaces:
Lipaya Square will feature a variety of amenities and public spaces, such as outdoor seating areas,
landscaped courtyards, and communal spaces, to encourage social interaction and collaboration among
businesses and visitors.
Sustainability and Environmental Considerations:
We are committed to sustainable development practices, including energy-efficient building design, waste
recycling, green roofing, and water conservation measures to minimize the project's environmental
impact.
Budget and Financing:
A detailed budget estimate for the entire project is available upon request. We are open to discussing
financing options and potential partnerships to secure the necessary funds for the successful completion
of Lipaya Square.
Timeline:
The estimated timeline for the project will be provided after a detailed feasibility study. We aim to
complete the development within a reasonable timeframe while maintaining the highest quality standards.
Community Engagement:
We believe in involving the local community and potential tenants in the development process. We will
conduct meetings and gather feedback to ensure that the project aligns with the community's interests and
expectations.
Conclusion:
We are excited about the opportunity to collaborate on the development of Lipaya Square and create a
thriving commercial center that will benefit businesses, the community, and all stakeholders involved.
Please let us know if you have any questions or would like to schedule a meeting to discuss this proposal
in more detail. We look forward to the possibility of working together on this exciting project.
Sincerely,
Ar. Aivan Magsino
ABC Construction Company
123 Main Street
Rizal, 1920
Magsinoaivan18@gmail.com
09094685729
Reference:
https://ies.ed.gov/ncee/rel/regions/southwest/publications/pdf/5.2.10-comm-plan-508.pdf
https://www.futurelearn.com/info/blog/how-to-create-a-marketing-strategy
https://www.forbes.com/sites/forbesbusinesscouncil/2021/06/15/how-to-build-authentic-business-
relationships/?sh=624e49573604
SUBMITTED BY:
MAGSINO, AIVAN DAVE D.
SUBMITTED TO:
AR. ADRIAN TOISA
Date of Submission
Oct 03, 2023