In simple terms, a strategy plan is a type of a marketing plan which is formulated by the company or the organization to fulfill some business objectives. Some of the key objectives of a strategy plan are to identify and reach the target audience, decrease the cost of production, earn good profits and also sustain the market in the long run. In this age of competition, almost all companies and business organizations are putting their emphasis on strategy planning to stand above the rest.

According to business experts, a marketing or business plan without proper strategy planning is of no use as it does not show the way in which a company needs to direct and grow its business. The main factor on which a marketing strategy should be based is the marketing mix; that is price, place, product and promotion. While making a strategy plan, a company should try to look into these aspects with great importance to have a solid business objective. In addition, a marketing strategy plan should look into some other related factors such as the change in the customers’ tastes and preferences, the pattern of the market, the overall economic situation of the country and so on.

By formulating a proper marketing strategy plan, a company can not only earn profits but it will also be able to reduce the cost of production significantly. Once the revenue becomes more than the expenditure, it will be able to diversify its business plans and objectives which will help to sustain the market in the long run.

Some of the main segments of a marketing plan are situational analysis of the success factors and the target market, technology consideration and its usage, identifying the problems and the opportunities, formulating a proper pricing strategy and its distribution, and so on. The strategy plan should also put importance on the promotional factors required to market a product or a service.

Through a proper market strategy plan, companies can strengthen their position and enjoy long term profits and market growth.

What are the advantages ?
Though human needs are unlimited, resources are limited. It is significant for the marketers to employ the resources in an efficient way without misuse as well as to attain the objective of the organization. It is proved that green marketing is unavoidable. The customers will easily be able to see the ‘greenness’ of that particular product or service. It is growing rapidly. The interest of the consumers is also growing all over the world to save the environment.

What are the marketing mix of Green Marketing ?

• Product : The products should be made in such a way that it can help the customers who like environment-friendly products. It can be made from recycled materials or from used things.
• Price : You have to careful about green pricing.
• Place : Green place is all about handling logistics to bring down on transportation emissions.
• Promotion : It includes several things such as advertising, marketing objects, signage, white papers, web sites, videos and presentations.

What are the elements required for Green Marketing ?
3 basic elements are required for a thriving green marketing campaign

• Credibility : It is the key element in the field of marketing. You have to acquire credibility from your target audience. You don’t have to do away with all the environmentally unfriendly practices; you should unveil them sooner or later. While trying to create your credibility, you should look for a convincing third-party certification. It can come from private or non-governmental organizations.
• Address a requirement : This is the key objective of any business. Your product or provided services should tell about its necessity. Green products and services do not obtain a pass as they have environment-friendly features. Most of the customers are reluctant to pay more for these types of products or services. If you are going to include any green feature into an existing product, you have to be confident of your claims. If you are making a new green products or services, first make out the need and then address it in an environment-friendly way.
• Converse using eco-friendly channels : You have to be inventive while you are going to promote your product or service. Look into new channels like solar power billboards or street advertising.

Green marketing covers more than the marketing claims of an organization. So what are you waiting for ? Go green with green marketing.