The Sales & Marketing Plan
The Sales & Marketing Plan is a critical step in writing a business plan. This section demonstrates to the reader your ability to perform on the financial forecast you have submitted within the business plan. It consists of a detailed and concrete plan that, once funding has been secured, is ready to take the Company to market swiftly. Items that should be thoroughly detailed include:
- Will you create a Direct Sales force? If so:
- How will you hire?
- Compensation?
- Location. Central or geographically dispersed?
- Lead generation programs?
- Sales Process creation?
- Sales messaging?
- Sales and lead tracking for accountability?
- Marketing support?
- Advertising?
- Where?
- Costs?
- Targeted demographics?
- Expected returns and ROI?
- Direct Mail?
- Where?
- Costs?
- Targeted demographics?
- Expected returns and ROI?
- Partnering Opportunities?
- Channels of Distribution?
Your investor/lender will be looking to see if you have a detailed go to market strategy in place prior to funding.