Get All Access for $5/mo

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

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.

Side Hustle

At Age 15, He Used Facebook Marketplace to Start a Side Hustle — Then It Became Something Much Bigger: 'Raised Over $1.6 Million'

Dylan Zajac, now a 21-year-old senior at Babson College, wanted to bridge the digital divide.

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

OpenAI Just Released Its Text-to-Video Generator, Sora. Here's How the New AI Could Impact Small Businesses and Creators.

Sora has a variety of use cases for businesses, from social media campaigns to video creation.

Innovation

These Entrepreneurs Created a League That Turns Gamers Into Pro Race Car Drivers: 'We're Giving Drivers a Sustainable Career Path'

Racing Prodigy's innovative E2Real sports league is lowering the high-cost barrier to entry for drivers to take their passion to the track.

Growing a Business

This Cozy Coffee and Garden Shop Has Become a Staple in Its Community By Following 5 Smart Strategies

Maypop is a combination coffee and garden shop where a blend of community building and customer service creates an unforgettable experience.

Business News

'Faster, Smarter, and More Relevant': Reddit Tests AI That Combs the Site For You

The AI is like a blend of Google and ChatGPT, tailored specifically for Reddit.