Marketing strategy and marketing vehicles

Week 4 Discussion – Marketing Strategy Context Why is this important? Identifying marketing vehicles and their costs is essential for a startup because it helps allocate limited resources effectively, ensuring the highest return on investment. This process allows startups to focus on the most impactful marketing channels, avoiding unnecessary expenses. Post a Response Provide a one sentence company description (company name and what you are selling) before each discussion response to remind everyone of your chosen startup. For this week’s discussion, you will complete the marketing vehicles table below. In addition, in the Company Financials Excel Template you will complete the following worksheets: company information, sales projections, and marketing expenses worksheets. You will include the marketing vehicles table in the discussion window and attach the Excel file. Part 1 Complete the Marketing Vehicles table. Identify the marketing vehicles you will use to reach your customers, and their cost per month, and record your answers in the Marketing Vehicles Table [DOCX].Download Marketing Vehicles Table [DOCX]. Think about how you can best promote what you are selling to your target market. Some items can have a one-time cost (e.g. website development cost) Copy the table from the Marketing Vehicles Table [DOCX] Download Marketing Vehicles Table [DOCX]and paste the content in the discussion window. Part 2 Complete the Company Financials Excel Template. Download the Company Financials Excel Template [XLS] Download Company Financials Excel Template [XLS]. Review the first worksheet “Instructions”: Guide to Complete the Company Financials Excel Template. Complete the following worksheets. “CompanyInfo” worksheet. “SalesProj” worksheet. Project sales for years one and two. “MarketingExp” worksheet. Enter the marketing costs from the marketing vehicles table into the appropriate areas of the Marketing Budget worksheet. Only the costs from the table should be reflected in the marketing budget worksheet in the Excel document. The information in the table and marketing budget worksheet must align. Attach the entire Company Financials Excel Template to the discussion thread before selecting Submit. Click on Insert/Document in the discussion menu to attach your document. Respond to a Peer Read a post by at least one of your peers and provide a substantive response. Make sure to extend the conversation by asking questions, offering rich ideas, or sharing personal connections. Notes All responses must follow the required formatting, using headings with indented paragraphs beneath each, and must not include bullet points. Use of artificial intelligence tools is encouraged to support the development of this portion of the business plan; however, all work must reflect ethical use, including original thought, proper attribution, and alignment with academic integrity standards. See the SWS Standards on Using Artificial Intelligence Ethically for more information ( ). Textbook Chapter 10, “Marketing Plan & Sales Strategy,” pages 163194, provides additional detail about this topic. You will use the marketing vehicles information from this post in your Week 5 assignment, Marketing Plan. You may also find Stephanie Morrow’s article on how to set up a marketing budget, Cost of Marketing: What Is the Average Budget?Links to an external site., helpful to complete this discussion and your Week 5 assignment.