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When developing or updating a marketing plan, knowing where to start is
often a challenge. To better develop effective marketing strategies, begin
by gathering information about both your business and the larger business
environment (competition, trends, statistics, etc.).
Internally, the amount of information you gather about your own business
will depend on your company size. Information can include business
strategies and plans; company marketing plans; pricing; and income
statements. Employee knowledge is also a valuable resource. As you gather
information, if you at first turn to internal sources then expand your
understanding through external resources you will do fine.
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External information about the business environment often takes the form
of existing research, articles, competitive information, and industry news.
While these are often available in both print and digital formats, the focus
here is finding information online.
Gathering
Information Online - Getting Started
The numerous news sources and billion or so Web pages available on the
Internet make finding information much easier than in pre-Internet days.
Before the Internet, gathering information meant trips to the library,
purchasing expensive publications and reports, and commissioning your own
primary research. Now, it is a matter of knowing where to search.
You can start searching the Internet by looking in each of the general
areas below. Organize useful material as you find it. Purchase, bookmark, or
file each resource so you can draw upon it during marketing plan
development.
These external resources, together with your internal company
information, will be your initial knowledge base as you develop your
Marketing Plan. As you progress along the planning process and the specific
information you need become clearer, these initial resources are likely to
be jumping-off points for gathering more specific information.
Information
Sources
Annual Reports and other SEC Filings. These documents are required by
publicly held U.S. companies and often include statistics and other industry
information.
Books. Books can often provide detailed insight and analysis you cannot
find elsewhere.
The Government. At last count 100 U.S. Federal agencies had statistical
programs, many with data available on the Web. You can find the complete
list at http://www.fedstats.gov/agencies/index.html .
Message Boards and Newsgroups. You can pick up on trends, hot topics in
the industry, and competitor information by following discussions.
News Articles. These often give clues to the business environment and can
lead you to additional information sources.
Newsletters. By reading and subscribing to competitor and industry
newsletters you can get insight into current promotional tactics and other
activities.
Research Sites. Archives, press releases, newsletters, and executive
summaries on these sites can provide relevant research findings and
statistics.
Search Engines and Directories. Search by keyword or drill down into
directory sub-categories to find information.
Subject Sites. There are some general sites - www.suite101.com,
www.about.com, and www.business.com to name three - with numerous
topic-specific pages. Check for pages relating to your industry or product.
Trade Associations and Publications. You will often find industry
information, statistics, and membership lists online.
White Papers and other Company Publications. Companies will sometimes
publish free white papers that summarize the industry trends or other
information.
Planning Resource
- For more on developing a marketing plan, read this how-to guide:
http://www.websitemarketingplan.com/book_information.htm
-- Bobette Kyle has more than a decade of experience in Corporate
Marketing; Brand and Product Marketing; Field Marketing and Sales; and
Management. She is author of the Marketing Plan Guide "How Much For
Just the Spider? Strategic Web Site Marketing", named one of the top 15
books of 2002 by NonFictionReviews.com. Read more about the guide here:
http://www.websitemarketingplan.com/book_information.htm
March 4, 2003
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