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Market Planning Checklist

  • Have you analyzed the market for your product or service? Do you know which features of your product or service will appeal to which market segments?
  • In forming your marketing message have you described how your product or service will benefit your customers?
  • Have you prepared a pricing schedule? What kinds of discounts do you offer, and to whom do you offer them?
  • Have you prepared a sales forecast?
  • Which media will you use in your marketing campaign?
  • Have you planned any sales promotions?
  • Have you planned a publicity campaign?
  • Do your marketing materials mention any optional accessories or added services that consumers might want to purchase?
  • If you offer a product, have you prepared clear operating and assembly instructions, if required? What kind of warranty do you provide? What type of customer service or support do 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?
  • Have you prepared job descriptions for all of the employees needed to carry out your marketing plans?
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