Consider employing inside sales reps to handle small town or rural markets.
Additionally, establish an advertising budget for your company.
Products can become outmoded because of new technology.
Project when you expect products to enter the maturity stage, where competition can be fierce.
Business-plan marketing strategy includes the sales and promotional methods you will use for procuring customers.
Business-plan marketing strategy should include at least a three-year sales forecast for your company.
Besides revenue projections, factor all business expenses such as labor and production costs.
Subtract expenses from your anticipated revenue to derive annual profit estimates.
All small business owners should create a business plan, essentially a blueprint of your business.
Create your business plan before you even open your doors.