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MARKETING PLAN AUDIT QUESTIONNAIRE 1. List the products and/or services which comprise 80% of your total sales and indicate the gross profit margin for each. 2. For each market segment what is your.

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How to fill out the MARKETING PLAN AUDIT QUESTIONNAIRE - Teik Oh online

Filling out the Marketing Plan Audit Questionnaire - Teik Oh is an essential step for businesses seeking to gain insights into their marketing strategies. This guide provides a clear and structured approach to completing the questionnaire effectively.

Follow the steps to complete the questionnaire successfully.

  1. Click the ‘Get Form’ button to access the questionnaire and open it in your preferred online editor.
  2. Begin with the first section by listing the products and/or services that account for 80% of your total sales, along with the gross profit margin for each item. Ensure that you are as accurate and detailed as possible.
  3. In the next section, provide insights into your current and potential market share for each market segment you operate in. This demonstrates your market position and opportunities for growth.
  4. Identify the best marketing opportunity available to your business. Be specific about potential strategies or areas to focus on based on market trends.
  5. Describe the selling process for each market segment, detailing how sales are generated. This should include various methodologies and approaches applied in each segment.
  6. List sources of business, detailing where your sales originate. This may include direct sales, referrals, and online channels.
  7. Provide information about the key customers who generate 80% of your total sales, and indicate the percentage of sales associated with each one for clarity.
  8. Report the average sale amount for a customer, including average gross profit margin, frequency of purchases, and projected client retention duration.
  9. Discuss client acquisition costs and the worth of a new client in your business context, vital for assessing financial aspects of client relations.
  10. Answer questions about your client database, including its comprehensiveness and systems in place to track interactions with clients.
  11. Outline the referral generation system, including how much of your business comes through referrals; understanding this is crucial for evaluating marketing effectiveness.
  12. Identify mechanisms for re-engaging clients who have not made recent purchases, maintaining long-term relationships is key.
  13. Articulate your business's competitive advantage and any unique features of your products or services to highlight in the market.
  14. Detail your advertising strategies, including spend and effectiveness evaluation, which are important for measuring ROI on marketing expenses.
  15. Explain how you generate new customers, including specific methods and strategies you currently employ.
  16. If applicable, document any sales staff performance incentives and monitoring systems for inquiries leading to sales conversions.
  17. Discuss the frequency of communication with customers and how you monitor these interactions, as customer engagement is crucial.
  18. Categorize clients based on importance and the services provided to them, which can help tailor marketing efforts effectively.
  19. Identify factors influencing purchase frequency and the strategies implemented to enhance repeat purchases.
  20. Indicate whether you obtain testimonials or conduct surveys to enhance understanding of customer satisfaction and preferences.
  21. Conclude by addressing methods your business uses to manage customer complaints and educate clients about your offerings.
  22. Once all sections are completed, review your answers for accuracy. Save changes, and decide whether to download, print, or share the completed form as needed.

Complete the Marketing Plan Audit Questionnaire online to optimize your marketing strategies today.

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An effective marketing audit examines the business's strategies, goals, internal marketing system(s), marketing activities, and marketing environment, in a consistent step-by-step process.

This is a seven stage process. The stages in this process are Marketing Audit, Task Environment Audit, Marketing Strategy Audit, Marketing Organization Audit, Marketing System Audit, Marketing Productivity Audit, Marketing Function Audit, Macro Environment Audit.

Conducting a Marketing Audit: The 5 Essential Questions Does the marketing plan match up with the overall goals of the business? ... Do the individual marketing tactics or campaigns support the overall marketing plan? ... What are we measuring and why?

7 Steps to Conducting a Marketing Audit Step 1: Select what you want to audit first. ... Step 2: Collect the facts. ... Step 3: Gain insights. ... Step 4: Document your methodology. ... Step 5: Create a report of the results. ... Step 6: Analyze your findings and make decisions. ... Step 7: Repeat.

Frequently Asked Questions about Marketing Audit The three elements of a marketing audit are SWOT analysis, market research, and competitor analysis.

A good marketing audit is systematic, comprehensive, independent, and periodic.

Once scope has been established, the following steps can serve as a guide for conducting your own marketing audit. Step 1: Confirm Marketing Goals and Objectives. ... Step 2: Determine Current Performance and Gaps. ... Step 3: Confirm Key Marketing Processes and Procedures Are Documented.

Here are some items that marketing audits should include: Outlined plan of marketing program and marketing audit goals. Specified target audience, including target customer personas. Record of all the social media platforms used. Active accounting for followers, engagement rates, shares, etc.

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