Your marketing plan needs (a) a market-product grid to focus your marketing efforts and also (b) leads to a forecast of sales for the company.
Use these steps: - Define the market segments (the rows in your grid) using the factors in Figures 9–4 or 9–7.
- Define the groupings of related products (the columns in your grid).
- Form your grid and estimate the size of market in each market-product cell.
- Select the target market segments on which to focus your efforts with your marketing program.
- Use the information and the lost-horse forecasting technique to make a sales forecast (company forecast).
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