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Are You Ignoring These Marketing Principles?
In marketing as in science there are basic principles that govern the movement of bodies in space, or prospects and clients. Just as people instinctively know the law of gravity, they are aware of the fundamental principles of marketing. Unlike...
Autoresponse Plus, The Email Marketing Solution To Increase Sales
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How Much Is Your Popcorn Worth?: Powerful Lessons In Marketing & The Psychology Of Selling - Part 4
To read the beginning of this special report, you can download it here:
http://www.trafficstrategiesonsteroids.com/popcorn.pdf
Let's continue to discuss the various marketing principles that are involved in "popcorn marketing":
4....
Is Electronic Marketing Effective?
As we've heard from countless people trying to sell us Advertising, Internet advertising is cheaper and faster. But is it really better? Is it the right kind of advertising for your company? There are some things that we should all do when it comes...
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Top Ten Objectives of Database Marketing
Top Ten Objectives of Database Marketing by John Botscharow
Database marketing depends on you creating a pool of information about your individual customers and prospects. Thsi data is taken from order forms, information requests, customer service contacts, questionnaires, etc. You use this information to analyze what your customers are buying, what they want, what they need, what they are interested in.
You can then combine this analysis with the opportunities offered by your database t contact individual customers or prospects using a variety of methods (email, telephone, letter, fax). This allows you to achieve a number of possible objectives. Here are the top ten objectives you can achieve with database marketing:
Number 10: Design New Products That Meet Identified Needs.
It's a whole lot easier to sell your customers something THEY want, rather than what you might want. Also, the fact that you included them in the decision-making process will carry considerable weight when they decide WHERE to buy!
Number 9: Target Your Marketing More Accurately.
When you explain the beinefits of your products or services in terms of needs that your customers have expressed, it makes it easier for them to buy. Also, your efforts become more efficient because you aren't "selling iceboxes to Eskimos." The people you market a particular product to are those you have already identified as having a need or use for that product. These prospects will be much more receptive.
Number 8: Promote The Benefits Of Brand Loyalty.
This is true especially with those customers you have identified as being at risk for going to your competition. No need to "preach to the choir." But you will know who is NOT in the choir.
Humber 7: Identify Those Customers Most Likely To Buy New Products Or Services.
Based on past buying records as well as other data, you should be able to tell who is a likely prospect for a new idea or new product. Some people are more willing to try something new than others. your data analysis should help you identify them. Then, when you release a new product, include them in your marketing efforts!
Number 6: Increase sale effectiveness.
When you feel the need for a sale, your data analysis will help you decide what kind of sale to have, what products would be most appropriate, etc.
Number 5: Support Low-Cost Alternatives To Traditional Sales Methods.
Database marketing, when done correctly, gives you a very high return on your advertising investment. Targeted advertising in general is better than the "scttergun" approach. And when you can combine very targeted marketing with a very low cost, you will easily achieve the primary goal of any guerrilla marketer: profits!
Number 4: Make Your Marketing
More Accountable.
Because your marketing is targeted and is designed to elicit a direct response from your prospects, you know exactly how well your marketing is working. You can also do very precise cost anaylsis for new customer acquisitions. With database marketing, your calculations of your ROI will be much more precise. This will allow you to eliminate the ocstly and ineffective methods of marketing you may be using. ab
Number 3: Improve Communications Internally Between Your Marketing People And Product Development.
This ties back to number 10. The efforts of the marketing people will assist the product development people in their decisions about what new products to develop. The analysis will also provide areas of improvement for products. The fact that it is the marketing staff that is gathering and analyzing this data will help them to communicate better with the technical people. This will help the marketing people better understand the products and thereby improve their ability to market these products. When there is close cooperation between the marketing aspects and the technical aspects, a company flourishes. One of the best examples of this was App;e Computers during the early days of MacIntosh!
Number 2: iMprove Customer Care.
This one is really important. The happier and more satisfied your customers are, the more likely they will buy from you again. This goes back to the whole trust issue. You satisfy a customer and they will trust you explicitly! Because database marketing is so interactive, it makes it almost impossible not to satisfy your customers, as long as you use the information you are collecting in a positive and constructive manner.
AND THE NUMBER 1 OBJECTIVE THAT DATABASE MARKETING WILL ACHIEVE FOR YOUR BUSINESS IS THAT IT WILL COORDINATE THE DIFFERENT ASPECTS OF HOW YOUR MARKETING AND HOW THEY AFFECT THE INDIVIDUAL CUSTOMER.
This means that, when it is done effectively, database marketing will allow you to PERSONALIZE your marketing efforts. You cna quite literally tailor your marketing to each customer. In the Web Street Journal, we will show you how to do that.
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This article is copyrighted by 3R Marketing. All rights reserved. You may use this article in your newsletter as long as the article is left intact and that the author information and this disclaimer are invluded.
Please send me a courtesy copy of your newsletter if you do use this article. Send it to: mailto:reprints@3r-marketing.com
About the Author
John Botscharow is editor of the Web Guerrilla Journal and the R Market Daily. He is also one of the partners in 3 R Marketing. Visit them at http://www.3r-marketing.com and subscribe to one or more of their marketing newsletters.
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KnowThis: For Marketing, Market Research, Internet Marketing ... |
KnowThis.com offers a wealth of information, forums, and resources for professionals, academics and students in traditional and internet marketing, ... |
www.knowthis.com |
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Marketing - Wikipedia, the free encyclopedia |
Marketers depend on marketing research, both formal and informal, ... The next big thing is a concept in marketing that refers to a product or idea that ... |
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Marketing - Marketing Strategy - Marketing Plan - Marketing ... |
Learn about marketing careers, the stages of developing a marketing plan, how to begin marketing research, create a marketing strategy, and how to market ... |
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Marketing.org - Home of the Business Marketing Association |
Serves the professional, educational and career development needs of business-to-business marketers. |
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Welcome - American Marketing Association - www.marketingpower.com |
Dedicated to serving the educational and professional needs of marketing executives. |
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Advertising, Marketing, Media and PR News - Brand Republic |
Find the latest Advertising, Marketing, Media and PR news from Brand Republic, the online resource for up to the minute advertising and marketing news and ... |
www.brandrepublic.com |
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Marketing Magazine - Marketing News - Brand Republic |
Marketing Magazine - Marketing News - Brand Republic. |
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Marketing (Canada) |
Offers a Canadian source of news and articles on marketing, advertising and media. |
www.marketingmag.ca |
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BidVertiser - Pay Per Click Advertising On Sites Of Your Choice. |
Pay per click advertising - online advertising directly on sites of your choice, internet marketing solution for online advertisers. |
www.bidvertiser.com |
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Online Behavioral Contextual Advertising and Marketing. |
Promote your business with today's most effective online advertising technology, contextual advertising at a cost effective metric of CPC, PPC, CPM or CPV. |
www.clicksor.com |
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Sales Jobs / Marketing Jobs / Advertising Jobs - MarketingJobs.com |
Employment site for marketing and sales professionals. |
www.marketingjobs.com |
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The Chartered Institute of Marketing |
The Chartered Institute of Marketing is the world's largest international marketing professional body and helps with career support and information ... |
www.cim.co.uk |
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Marketing: See what people are saying right now on Technorati |
See all blog posts tagged with marketing on Technorati. |
www.technorati.com |
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Marketing Profs - Marketing Concepts and Strategies: Expert ... |
Marketing knowhow from professionals. Newsletter, articles and how-to's. |
www.marketingprofs.com |
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Guerrilla Marketing Online - The Official Site |
Guerrilla Marketing Online is anonline magazine for small business, entrepreneurs, sales people and marketers of all kinds. |
www.gmarketing.com |
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Business Marketing - Small Business Marketing |
Business marketing - Read everything your need to know about small business marketing. |
www.entrepreneur.com |
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All About Marketing |
Adapted from Field Guide to Nonprofit Program Design, Marketing and Evaluation ... Inbound Marketing Includes Market Research to Find Out: ... |
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Pages tagged with "marketing" on del.icio.us |
USA Network Announces a NASHVILLE STAR Marketing Partnership With ... - Yahoo! ... Direct Marketing Association: Telephone, Mail & Internet Marketing ... |
del.icio.us |
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ClickZ Internet Marketing Solutions for Marketers |
Includes columns with commentary and analysis on a wide variety of internet marketing subjects ranging from B2B marketing to search engine marketing. |
www.clickz.com |
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Direct Marketing Association: Telephone, Mail & Internet Marketing |
Trade association for users and suppliers in the direct, database and interactive marketing fields, offering seminars and resources, and lobbying for ... |
www.the-dma.org |
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