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7. Scan the title of the following text and try to figure out its contents.

8. Scan the first paragraphs of the text and try to guess about the contents of the proper paragraphs. How to Make a Marketing Plan for a New Product

Marketing is the most important activity for any small business, but especially in launching a new product. The trick to successful marketing is to "focus on what the customer wants". To do that you need to understand your market, create materials that speak to your market and put those materials in front of your market.

Step 1. Develop your unique selling proposition, which identifies the qualities of your product sets you apart from your competition. Uniqueness can come in a variety of ways including price, method or quality of service, size, color and other characteristics or attributes. Being new isn`t unique. Instead, identifying "new" in your unique selling proposition should refer to innovation or something different that sets your "new" product apart from the "old" ones.

Step 2. Turn your business features into benefits. Customers don`t buy your product, and then buy what your product will do for them. When creating your marketing plan, you want to focus on the customers` benefits, not on what your product offers. For example, saying your new product is faster and better doesn`t mean much to a customer. Saying your product gets the work done 50 percent faster without any hassle or mess – means something.

Step 3. Identify your target market, which is the group of people who want or need what you`re selling. List their characteristics such as age, gender, socioeconomic status and other characteristics. Also identify their motivation for wanting your product.

Step 4. Determine the places your target market visits and the media they read or watch. When it comes time to promote your business, you`ll want to put your promotional materials directly in front of your market. To do this you need to know what your target market reads, what places they frequent, which radio stations they listen to, what websites they visit and what groups they belong to.

Step 5. Create marketing materials that speak to your target audience. If you have more than one target group, tailor your materials to fit each of them. For example, if you sell weight loss product, your target groups may be young mothers and people with diabetes. While both want to lose weight, their reasons will be different. A young mother is more likely to want her pre-pregnancy body back whereas some one with diabetes will be focused on better health. Choose materials that fit the group and the medium of promotion.

Step 6. Create a plan to position your marketing materials where your market will see them. Run ads in the magazines or websites members of your target market visit. Put business cards or fliers in locations your potential customer frequent. Create a website or blog that provides current news and information your market will want to stay informed about. The strategies you use should focus on your customers – where they are and what types of marketing to which they respond.

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