| 1. Write down your objectives or goals |
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Which products do you most need to sell? |
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What promotions do you plan to run? |
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Do you want to promote special events? |
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| 2. Identify your customers |
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Age, income, family size, sex |
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Where they live |
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Lifestyles |
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Motorcycle or ATV experience |
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| 3. Analyze the market situation |
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When do people buy? |
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Why do they buy? |
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Identify your competitors and what they offer |
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What do you offer that your competitors do not? |
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What advertising programs have worked in the past? |
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Analyze past promotions’ records |
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Consider when national ad programs start and end |
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Consider when regional ad programs start and end |
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| 4. Set your budget |
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Set your budget as a percentage of retail sales, such as 5 percent of a season’s or year’s sales |
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Budget a specific amount per unit, such as $25 to $100 |
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Use last year’s budget as a guide: If you were successful last year and don’t raise your goals, last year’s budget — adjusted for inflation — may be fine. However, if your objectives are higher than those achieved last year, you should consider raising your budget by more than inflation |
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Project your co-op fund and take inventory of advertising materials — such as ad slicks and radio scripts — that are available to you |