A guide to crafting a compelling marketing plan (with template)

A good marketing plan can work wonders for an organization, but it’s no easy feat to create. As a product manager who works with many talented product marketing managers, a good marketing plan aligns the organization and keeps everyone moving in the same direction.

In this post, we’ll cover how to create a compelling marketing plan (while adding some product manager’s spice to the recipe). The research and discovery behind the writing of this blog included a survey to product marketing experts that I work with. Their feedback and advice is sprinkled throughout the article and helped it more pragmatic and action-driven. As you read, you’ll find some very specific hints and tips from these PMMs who are active in B2B SaaS.

Let’s get started.

What is a marketing plan?

A marketing plan is a structured guide for a company’s marketing activities across a specific period. It includes market analysis, target demographics, competitive landscape, and a SWOT analysis. The plan outlines clear objectives and strategies across product, pricing, distribution, and promotion, and details action plans, timelines, and key performance indicators for effective implementation and tracking.

Important considerations in a marketing plan

Some of the feedback from the PMMs I surveyed highlight some interesting takeaways about what a good marketing plan needs. Common responses included:

• Clear timeline and deliverables leading to action from the marketing plan
• A breakdown of deliverables per channel and owner that, again, focus on execution
• Focus and clarify the target audience to assist with the right set of actions and channels
• An understanding that a marketing plan needs a clear value proposition and an omnichannel approach. Many people misinterpret a go-to-market plan or a product release plan as a marketing plan. The reality is that a marketing plan is something bigger

Benefits of a marketing plan

There’s no debate that a marketing plan requires a lot of work to craft. There is a lot of research and data to get from various teams to build a compelling plan. The creation is half of the effort, and the actual execution and evaluation require more commitment. According to the survey we conducted specifically for this post, all this effort pays off!

Acts as a compass to measure outcomes

Taking into account the craft work needed and the final plan, measuring and following through on the goals of the marketing plan can drive big value to the company. According to one of the survey answers, a well-crafted marketing plan can fully complement a self-served product funneling the right audience into the product.

Acts as an alignment tool for teams in the company

Considering a cohesive story and the role of product managers in the proper execution of a marketing plan, we are talking about collaboration and coordination of actions. These habits built during the execution and evaluation of the marketing plan can have a lasting effect on the whole company as they are inherited in the day-to-day team collaboration.

What are the steps of a marketing plan?

We can now cut to the chase of this post. The components of a good marketing plan include:

1. Executive summary
2. Business overview
3. Product overview
4. Marketing analysis
5. Key value proposition
6. Marketing plan goals
7. Key performance indicators (KPIs)
8. Action plan
9. Method of analyzing results

Let’s go over them all in detail below.

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1. Executive summary

This holds the outline of the marketing plan and a short introduction of what follows. Use this section to share generic information about the business and the specifics of the marketing plan. The executive summary acts as the introduction to the marketing plan.

2. Business overview

This section outlines the company’s business and industry, mission, vision, and any specific marketing branding and styling guidelines to follow. It should act as a compass that the whole marketing plan needs to always keep in mind.

3. Product overview

The product overview is there to provide more clarity, direction, and reminders about the backbone of the marketing plan. With a product overview, all teams acting on the marketing plan have a clear view of what they are actually talking about.

Product walkthrough

This is a sub-section of the product overview to share the specifics of how the product covered in the marketing plan works. Showcase actual screenshots and flows of the product that relate to the marketing plan. It can offer additional clarity to all involved teams working on the marketing plan.

4. Marketing analysis

The purpose of the marketing analysis section is to define the target audience, go through any market segmentation, and add a SWOT and competitive analysis to the report. In general, all the data from this section will define the marketing direction of the whole marketing plan.

5. Key value proposition

A key value proposition is the approach that your marketing plan will take and ultimately set you apart from the competition. It is important to be bold and specific in your description of the key value proposition. Add information about the marketing strategic direction and the basic story supporting it, and relate the products to the strategy and story of your marketing plan.

6. Marketing plan goals

This portion of the marketing plan follows the shared product overview and key value proposition sections. It highlights the specific goals you hope to achieve with the marketing plan. Make sure to specify both the metrics and timeframe of success for a goal.

7. Key performance indicators (KPIs)

KPIs exist to establish more fine-grained metrics around achieving the marketing plan goals. These metrics are indicators of moving toward the marketing goals and help in the team’s implementation in building the proper action items.

8. Action plan

This is the heart of the marketing plan. Starting from the available budget and key milestones will lead you to the following important subsections within the action plan:

• Marketing strategies and tactics — Describes each specific marketing action and tactics that the marketing team will implement
• Sales strategies and tactics — Describes actions and tactics involving the sales team
• The action plan timeline — Brings all the actions together into an implementation roadmap highlighting dependencies between actions and placing any milestones in the calendar

9. Method of analyzing results

This is where you will measure the impact of your work. In this section, define the tools and events to measure the KPIs and share evaluation standards for each of the metrics.

KPI check-ins are an important part of this section to keep all your KPIs progressing as the marketing plan is put in motion. With this section, all stakeholders should have a clear view of how your defined metrics are evolving along the implementation.

These are the sections of an effective marketing plan. One thing to keep in mind is that you will need to adjust the above sections for your specific use case and needs. There is a chance one or more sections don’t apply to your case and you might need to remove it, but be mindful before you start making cuts to fit your needs. Your marketing plan should tell a consistent story.

Marketing plan template

Based on the steps above, we created a marketing plan template in Google Docs for you to use as your base. In this template, we included more guidelines and descriptions to assist you in writing a compelling marketing plan.

To download the template, go to File > Make a copy:

The importance of telling a story in your marketing plan

The structure detailed above supports a cohesive story. This is very important, as:

• It makes the marketing plan document easy to read and follow
• It makes the key points stand out to the reader
• It leads to a clear conclusion relating to the outcome of all the work needed for the marketing plan

The marketing plan components start from the generic story and steadily dive deeper into the specifics needed for the actual implementation. At the end, you’ll do an evaluation of the actions.

The story structure is something you should strive for when building your action plan. Start from the generic storyline for your target audience and move down into the specifics as your marketing plan unfolds over time.

Tips for tailoring your marketing plan

To properly position your marketing plan on your current needs you need to pay attention to the following aspects.

Provide context to the team reading and executing the marketing plan

Context and information details are vital in defining the differences of a marketing plan approach. Talking about a specific product or line of products means that you should include information about these products in your marketing plan. That information will help build a cohesive and structured story.

Continuously stay close to your audience

Stay close to your audience either through interviews or following their social presence. This part of the marketing analysis will help you define the proper tone, voice, and approach for your marketing plan actions. Pay close attention to how people talk about the product and its landscape. What is the exact language they use? And how are they reacting to the marketing efforts you’ve been doing thus far?

Clearly describe the value proposition

A value proposition differentiates you from the competition. In the marketing plan, share reasoning and ideally, one or two examples of how this value proposition relates to your specific products and audience.

How to create a marketing plan: Advice from experts

As I’ve mentioned, I talked to a number of product marketing professionals and gathered their biggest tips for creating a marketing plan. Here’s what they said:

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• Start by understanding the ideal role your marketing team needs to have in your company — Implementing a marketing plan spans many months. It’s a nice journey for the whole company to re-calibrate around what the marketing team’s position is. Having a long-term plan means that teams collaborate and create new habits to follow
• Don’t overthink it. If things are not perfect, you can just improve them later on — Have several iterations of the same content and see what works better. In general, lean towards action and re-adjustments
• Have a compelling story and something that connects emotionally with your target audience — Cultivate empathy and connection to your audience. As shared many times already, a cohesive story that spans from your target audience all the way to how your action plan unfolds strengthens the whole effort
• Keep it practical and actionable — The marketing plan should drive action and not stand as a theoretical essay
• Stay close to measuring the success at each step — As a direct follow-up of the above insight, your measurements will drive further action in the right direction. Crafting of a marketing plan does not stop when it’s put on paper. Keep updating with your findings
• Add all the content needed to aid in a proper execution — Make sure that your marketing plan includes all the components and descriptions that all of the executing teams can use to act more effectively

Conclusion and key takeaways

In this post, we touched upon many aspects of crafting a compelling marketing plan. We shared some insights from product marketing experts in the field and shared some tips to further assist you in creating a compelling marketing plan.

Crafting a compelling marketing plan has a lot of moving parts and needs a big effort. Still, making the decision to create the marketing plan and act on it is a very deliberate decision that requires commitment for the execution too.

Based on the scale of the marketing plan and the feedback from product marketers, the implementation of a properly crafted marketing plan can have a big impact on the company and products involved, so it’s an effort worth investing in.

I want to close this article with the following. In the survey question, “IRL: Is it worth the investment to build a marketing plan?” one of the answers was “Big yes!” 🙂

Featured image source: IconScout