Drew | Editorial content

How to develop an effective commercial plan for your company

Written by Drew's editorial team | Nov 3, 2021 6:20:34 PM

Designing an effective commercial plan is vital for closing sales successfully. It does not only boost profitability but also guarantees the solid growth of your company, as regards the commercial challenges that the current market poses.

 

The commercial plan is a strategic document that describes the activities that will be carried out to achieve the established goals. Developing a commercial plan will allow you to know in advance the possible problems that may arise thanks to the analysis of different possible situations. 

 

Among the factors you need to take into account to develop a good commercial plan, we can find: 

 

  1. Executive summary: a descriptive summary of what your company does.
  2. Description of the company: it describes the goals of your company, its vision, mission, and career path as well as the products and services it offers.
  3. Goals: commercial goals are specific goals established by the executive managers of the company. 
  4. Market analysis: it encompasses sectoral analysis, demand analysis, market projection analysis, competition analysis, and sales and marketing strategies. 
  5. Organization of the company: it summarizes the functions and tasks of the staff. 
  6. Description of products and services: the features, costs, benefits, etc. of the products or services. 
  7. Marketing plan: the actions that need to be carried out to get the expected commercial results.
  8. Finances and projections: it includes the financial information of the company, its current status and if it's convenient or not to execute a particular plan in a specific period. 
  9. Follow-up and monitoring: measures oriented to check if goals are being met, for example, KPIs or key indicators to measure results.

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