The profit on a particular business is always a function of the amount of units the business sells, times the margin made on each unit, less the marketing expense involved, less the direct overhead. Marketing expenses include things such as advertising, promotions and public relations efforts.
slide 4 of 7. Which Comes First An overall business strategy is outlined in the business plan. Since the marketing plan and marketing strategies are a part of the overall plan, they are included in the business plan. Financiers and lenders can use the marketing plan as a pullout from the business plan.
Generally, the ways you can market your products or services can be sorted into two distinct categories: direct and indirect. Direct marketing involves any marketing strategy that targets a demographic for the purpose of making a sale at that time. Indirect marketing refers to marketing strategies that aim to establish a business as an expert in its field and build a following that will convert to sales over time.