Module 1: SME Market Size
- Introduction and overview
- Market size definitions
- Sources of information
- SME population definition
- Number of establishments and attributes
- SME survival rates
- Market sizing methodology
- Defining segmentation, segmentation benefits and limitations
- Methods of segmentation
- Estimating segment size
- The dynamics of the SME market
Module 2: Market Potential and Marketing Mix
- Defining segment potential
- Projecting market revenue and profits
- Evaluating potential per business
- Practical tips
- Cost consideration
- The 5 Ps of marketing
- Voice of the customer
- Product mix by segment
- Determining product features
- Product bundling
- Delivery channels alternatives
- Price considerations
- Positioning SME operation
- Sales promotion alternatives
- Getting the message to SME owners
- Measuring promotional success
Module 3: Structuring SME Sales Efforts
- What is relationship management?
- Why relationship management?
- The relationship manager
- Benefits to the bank and benefits to the client
- Deciding who should be managed
- The relationship review
- Measuring relationship costs
Module 4: SME Information Technology
- SME data organization
- Unit of measurement
- Existing SME customers and SME prospects
- Digital marketing and its applications
- Digital marketing benefits and drawbacks
Module 5: The Profile of an Entrepreneur and SME Client Education
- What is the entrepreneurial personality?
- Who is more likely to start a business?
- Which SMEs will grow?
- Owner’s characteristics that drive business growth
- The power of networking
- The need for client education
- Client education tools
- Importance of client education
Case Study – Marketing Plan for SME Proposition by Trade International Bank plc.