📺 Stream EntrepreneurTV for Free 📺

Market Planning Checklist Use this list to develop your marketing plan.

entrepreneur daily

Before you launch a marketing campaign, answer the followingquestions about your business and your product or service.

  • Have you analyzed the total market for your product or service?Do you know which features of your product or service will appealto different market segments?
  • In forming your marketing message, have you described how yourproduct or service will benefit your clients?
  • Have you prepared a pricing schedule? What kinds of discountsdo you offer, and to whom do you offer them?
  • Have you prepared a sales forecast?
  • Which media will you use in your marketing campaign?
  • Do your marketing materials mention any optional accessories oradded services that consumers might want to purchase?
  • If you offer a product, have you prepared clearoperating-and-assembly instructions if required? What kind ofwarranty do you provide? What type of customer service or supportdo you offer after the sale?
  • Do you have product liability insurance?
  • Is your packaging likely to appeal to your target market?
  • If your product is one you can patent, have you done so?
  • How will you distribute your product?

From Start Your Own Business: The Only Start-Up BookYou'll Ever Need, by Rieva Lesonsky and the staff ofEntrepreneur Magazine (Entrepreneur Press)

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Fundraising

My Startup Couldn't Raise VC Funding, So We Became Profitable. Here's How We Did It — And How You Can Too.

Four months ago, my startup reached profitability for the first time. It came after more than a year of active work and planning, and here's what it took.

Side Hustle

Want to Start a Simple Business That Helps the Planet? After 'One Night's Worth of Research,' He Started an Eco-Friendly Gig And Now Makes $200K a Year

Environmentally-conscious laws are picking up steam across the country. When one went into effect in Zach Cavacas's home state, he saw a lucrative business opportunity. Chances are, a similar law is coming to your state, or is already there.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Jack Dorsey Explains Bluesky Exit: 'Literally Repeating All the Mistakes We Made' at Twitter

Dorsey left the Bluesky board and deleted his account earlier this week.

Business News

McDonald's Is Responding to Sky-High Fast Food Prices By Rolling Out a Much Cheaper Value Meal: Report

The news comes as the chain looks to redirect back to customer "affordability."