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Digg it UP - Targeted, Relevant, Timely: Direct Marketing Success Is About Doing It Right
The Promotional Key Chain - A Simple, Yet Powerful Tool ant.Key chains are a simple, inexpensive, yet effective way to market your company. Keys are an essential part of most everyone’s lives. Giving people an accessory to add to their ring means that they focus on your advertising each time they reach for their set of keys. How many times a day does this happen? Think about your own daily patterns with respect to locking the front door, starting the car, checking the post office box, and unlocking your office. The list goes on.There are so many types of key chains to choose from. When you decide to give this item away as a promotion, do the research to select the one that fits your advertising strategy best. Even such a small piece of How do we capitalize on relevance in the household to motivate a purchase for our product or service? We test hypothesis of relevance based on demographic and psychographic shifting. We look for Hotline information- not necessarily from data but from propensity or profiling. • Timely DM. It’s being instinctual about the art. Now, how can I get timely to figure into a decision? Timely is sometimes the hardest thing to know. How can we predict the trends of a household? Much easier when we know the baby is coming and they’ve registered with everyone and everywhere, giving us delivery dates and sex details. Timely knows that those of a multi-family dwelling unit, who earn high incomes, could or should be able to afford a house and a mortgage. So, it makes sense that new home solicitation targeted to the aforementioned market is timely. And given the right, compelling offer they will ACT. Direct Marketing Success is about capturing the rhythm of interest by instinct & Risky Business: Dealing With Poor Payers is a Business Nightmare I’ve been asked just about every question related to using the mail stream better, smarter and with a greater degree of success. I always lean back on three reactions a direct marketer must trigger, simply to gain opportunities: An action of “Yes, I’ll buy” or “I’m interested in more” or “Not now, but maybe later”… each are about hitting the key emotions to move the mail recipient to act. Yes, action! A.C.T.I.O.N... just like the cheer often witnessed at a sporting event, but for the DM’ers of the world... it’s bliss.As a business owner, it's rarely possible to completely guard against bad debt; after all, the only way to avoid debt would be not to trade at all. Running a small business is not without risk, but there are steps you can take to reduce the risk of debt. All companies have to get paid somewhere along the line, and it is important to be aware of the nature of your customer at the outset of any trading relationship. It is often advisable to carry out a credit check on any potential client before entering into a trading relationship, especially if you have no prior knowledge of the client. Also, give the client a credit limit which reflects the credit rating of the client: if the cr DM euphoria can be achieved by putting timely efforts into a succinct package that compels the recipient to act. So, you might ask yourself, “How can I ensure that I’m covering these elements correctly?” Thanks for asking, I’ll do my best to help you understand its importance and provide benchmarks to set your mind at ease. For starters, pay attention to the things that matter; meaning, those elements you can measure. Doing this ensures you never undermine your hunt for greater ROI. I usually give a few descriptions of good DM. Let me begin with the one we can all relate to. Okay - you accomplish your morning rituals, shower, brush your teeth, use the restroom, and as you complete this last task you are concerned you won’t have enough bathroom tissue (“TP”, in my house) to satisfy your personal hygiene requirements. Get my drift? Move ahead a few hours. You make the trip to the mailbox (a daily ritual that is as sacred as, well, apple-pie and Chevrolet) and low and behold there is a coupon for a free roll of TP when another of same value is purchased. Now, you happen to be a non-brand loyal who is a fairly conscience shopper and you are going to the grocery to acquire this toiletry along with some other, hmm, less important items. The previous example is one every household can understand; whether we loathe the direct marketer or are amazed of “how did they do that?” the business of direct marketing greatly influences our buying patterns and is becoming increasingly refined and more capable of “wowing” the consumer and business mindset. There are over 100 ways to qualify, mend or create direct marketing segmentation. Each of them extends worthy time and energy in pursuit of the DM holy land: ROI that rocks. Let’s look at some key methods: • Targeted DM. It’s making sure the list of folks with whom you are communicating is a properly profiled audience. Not an easy feat, but obtainable through either painstaking soul searching or simple business intelligence. We should all know who our best prospects are but sometimes we don’t. There are many ways to validate, but be sure to test all theories and never stop second-guessing yourself. Dig, dig and dig deeper to ensure that your audience is either profiled to match your existing house file or you have studied your direct competition enough and realize your selling horse products to a list of horse owners will work. Hint: Think about targeting down to the minutia. How about, age of the horse, will that help you? I Bet it will. Or, maybe household income of the owner, or, zip codes where you’re having more success than others will enhance results. • Relevant DM. It's knowing when the last piece of “TP” is coming off the roll. How do we know such details? Well, my example is extreme, but really not too. For example, now that POS (point of sale) data is captured at the grocery store, marketers can begin to forecast consumption of product based on the last time of purchase, time before that, and where you purchased the unit. Thus, giving the marketers a fairly good idea of when you’ll be looking to acquire more. On the other hand, relevant DM’ers know that the household of sedan vehicles might be interested in an SUV or minivan. Why? Because our households are ever changing; everyday, each of the 220 million US consumers changes… they get rich, they get poor, they expand and they contract. And as a result, they need to buy new things and that… is… relevant. How do we capitalize on relevance in the household to motivate a purchase for our product or service? We test hypothesis of relevance based on demographic and psychographic shifting. We look for Hotline information- not necessarily from data but from propensity or profiling. • Timely DM. It’s being instinctual about the art. Now, how can I get timely to figure into a decision? Timely is sometimes the hardest thing to know. How can we predict the trends of a household? Much easier when we know the baby is coming and they’ve registered with everyone and everywhere, giving us delivery dates and sex details. Timely knows that those of a multi-family dwelling unit, who earn high incomes, could or should be able to afford a house and a mortgage. So, it makes sense that new home solicitation targeted to the aforementioned market is timely. And given the right, compelling offer they will ACT. Direct Marketing Success is about capturing the rhythm of interest by instinct & Packaging Trends You Cannot Overlook (part #1): r ROI.1) People are buying in smaller quantities. Our busy lifestyle keeps many people from eating at home on a daily basis. Gone are the days of the sit down dinner with the entire family. When these occasions due occur it’s usually a holiday or a special occasion.What this means to you: People are looking for smaller sized packages and are willing to pay a premium. An example is the 3-pack baking potato; quality potatoes in a three pack that can cost as much as a 3lb bag. Why? People don't use three pounds of potatoes before they go bad.2) Time is not on your side. Consumers are looking for the quick fix. The ready to eat or with minimal preparation market is boom I usually give a few descriptions of good DM. Let me begin with the one we can all relate to. Okay - you accomplish your morning rituals, shower, brush your teeth, use the restroom, and as you complete this last task you are concerned you won’t have enough bathroom tissue (“TP”, in my house) to satisfy your personal hygiene requirements. Get my drift? Move ahead a few hours. You make the trip to the mailbox (a daily ritual that is as sacred as, well, apple-pie and Chevrolet) and low and behold there is a coupon for a free roll of TP when another of same value is purchased. Now, you happen to be a non-brand loyal who is a fairly conscience shopper and you are going to the grocery to acquire this toiletry along with some other, hmm, less important items. The previous example is one every household can understand; whether we loathe the direct marketer or are amazed of “how did they do that?” the business of direct marketing greatly influences our buying patterns and is becoming increasingly refined and more capable of “wowing” the consumer and business mindset. There are over 100 ways to qualify, mend or create direct marketing segmentation. Each of them extends worthy time and energy in pursuit of the DM holy land: ROI that rocks. Let’s look at some key methods: • Targeted DM. It’s making sure the list of folks with whom you are communicating is a properly profiled audience. Not an easy feat, but obtainable through either painstaking soul searching or simple business intelligence. We should all know who our best prospects are but sometimes we don’t. There are many ways to validate, but be sure to test all theories and never stop second-guessing yourself. Dig, dig and dig deeper to ensure that your audience is either profiled to match your existing house file or you have studied your direct competition enough and realize your selling horse products to a list of horse owners will work. Hint: Think about targeting down to the minutia. How about, age of the horse, will that help you? I Bet it will. Or, maybe household income of the owner, or, zip codes where you’re having more success than others will enhance results. • Relevant DM. It's knowing when the last piece of “TP” is coming off the roll. How do we know such details? Well, my example is extreme, but really not too. For example, now that POS (point of sale) data is captured at the grocery store, marketers can begin to forecast consumption of product based on the last time of purchase, time before that, and where you purchased the unit. Thus, giving the marketers a fairly good idea of when you’ll be looking to acquire more. On the other hand, relevant DM’ers know that the household of sedan vehicles might be interested in an SUV or minivan. Why? Because our households are ever changing; everyday, each of the 220 million US consumers changes… they get rich, they get poor, they expand and they contract. And as a result, they need to buy new things and that… is… relevant. How do we capitalize on relevance in the household to motivate a purchase for our product or service? We test hypothesis of relevance based on demographic and psychographic shifting. We look for Hotline information- not necessarily from data but from propensity or profiling. • Timely DM. It’s being instinctual about the art. Now, how can I get timely to figure into a decision? Timely is sometimes the hardest thing to know. How can we predict the trends of a household? Much easier when we know the baby is coming and they’ve registered with everyone and everywhere, giving us delivery dates and sex details. Timely knows that those of a multi-family dwelling unit, who earn high incomes, could or should be able to afford a house and a mortgage. So, it makes sense that new home solicitation targeted to the aforementioned market is timely. And given the right, compelling offer they will ACT. Direct Marketing Success is about capturing the rhythm of interest by instinct & How Can a Voice Over Artist Help You? oming increasingly refined and more capable of “wowing” the consumer and business mindset.Even though they hear them all the time, in many surprising places, many people may not be aware just how prevalent professional voice talent is in this world of ours. There is simply a lot of need for professional speaking to make certain projects happen. It's just that we are so used to hearing it, we hardly even notice it. But if you have a project that could benefit from professional voice talent, it is in your best interest to consider the many ways that voice over artists can be useful.You may have already considered advertising jingles and TV promotions. Those are difficult to forget about. But a lot of people don't consider using professional vocal talent to help create a podc There are over 100 ways to qualify, mend or create direct marketing segmentation. Each of them extends worthy time and energy in pursuit of the DM holy land: ROI that rocks. Let’s look at some key methods: • Targeted DM. It’s making sure the list of folks with whom you are communicating is a properly profiled audience. Not an easy feat, but obtainable through either painstaking soul searching or simple business intelligence. We should all know who our best prospects are but sometimes we don’t. There are many ways to validate, but be sure to test all theories and never stop second-guessing yourself. Dig, dig and dig deeper to ensure that your audience is either profiled to match your existing house file or you have studied your direct competition enough and realize your selling horse products to a list of horse owners will work. Hint: Think about targeting down to the minutia. How about, age of the horse, will that help you? I Bet it will. Or, maybe household income of the owner, or, zip codes where you’re having more success than others will enhance results. • Relevant DM. It's knowing when the last piece of “TP” is coming off the roll. How do we know such details? Well, my example is extreme, but really not too. For example, now that POS (point of sale) data is captured at the grocery store, marketers can begin to forecast consumption of product based on the last time of purchase, time before that, and where you purchased the unit. Thus, giving the marketers a fairly good idea of when you’ll be looking to acquire more. On the other hand, relevant DM’ers know that the household of sedan vehicles might be interested in an SUV or minivan. Why? Because our households are ever changing; everyday, each of the 220 million US consumers changes… they get rich, they get poor, they expand and they contract. And as a result, they need to buy new things and that… is… relevant. How do we capitalize on relevance in the household to motivate a purchase for our product or service? We test hypothesis of relevance based on demographic and psychographic shifting. We look for Hotline information- not necessarily from data but from propensity or profiling. • Timely DM. It’s being instinctual about the art. Now, how can I get timely to figure into a decision? Timely is sometimes the hardest thing to know. How can we predict the trends of a household? Much easier when we know the baby is coming and they’ve registered with everyone and everywhere, giving us delivery dates and sex details. Timely knows that those of a multi-family dwelling unit, who earn high incomes, could or should be able to afford a house and a mortgage. So, it makes sense that new home solicitation targeted to the aforementioned market is timely. And given the right, compelling offer they will ACT. Direct Marketing Success is about capturing the rhythm of interest by instinct & Lend Your Name To Your Marketing For Better Results age of the horse, will that help you? I Bet it will. Or, maybe household income of the owner, or, zip codes where you’re having more success than others will enhance results.Have you read Claude Hopkins' book "My Life in Advertising?" It was written nearly a hundred years ago, yet its principles are just as important today as they were then.Life was different - simpler, yet harder in many ways. But people wanted then what we still want now. We want to buy products that live up to their promises. We want to buy services that do the same. And we want some assurance that there is a person in charge in case something goes wrong.Look how frustrated we all feel when we try to deal with some large corporation where no one seems to have any authority to help with problems. And even worse - where no one seems to give a darn.One of his chapters talks • Relevant DM. It's knowing when the last piece of “TP” is coming off the roll. How do we know such details? Well, my example is extreme, but really not too. For example, now that POS (point of sale) data is captured at the grocery store, marketers can begin to forecast consumption of product based on the last time of purchase, time before that, and where you purchased the unit. Thus, giving the marketers a fairly good idea of when you’ll be looking to acquire more. On the other hand, relevant DM’ers know that the household of sedan vehicles might be interested in an SUV or minivan. Why? Because our households are ever changing; everyday, each of the 220 million US consumers changes… they get rich, they get poor, they expand and they contract. And as a result, they need to buy new things and that… is… relevant. How do we capitalize on relevance in the household to motivate a purchase for our product or service? We test hypothesis of relevance based on demographic and psychographic shifting. We look for Hotline information- not necessarily from data but from propensity or profiling. • Timely DM. It’s being instinctual about the art. Now, how can I get timely to figure into a decision? Timely is sometimes the hardest thing to know. How can we predict the trends of a household? Much easier when we know the baby is coming and they’ve registered with everyone and everywhere, giving us delivery dates and sex details. Timely knows that those of a multi-family dwelling unit, who earn high incomes, could or should be able to afford a house and a mortgage. So, it makes sense that new home solicitation targeted to the aforementioned market is timely. And given the right, compelling offer they will ACT. Direct Marketing Success is about capturing the rhythm of interest by instinct & Options Backdating: Restatement: Meaning, Types, Impact ant.Had a good discussion with a few analysts (financial) and accounting on the question around differences between Restatement and Recertification of results - what are they, what is the difference etc.?1. Restatement: It will effectively rewite a company's books. Dr. Min Wu of New York Univ of Business has a great paper on Review of earnings restatement. Here are some highlights:a) Restatements typically occur when a company, often in consultation with its auditors or the SEC, determines that the company's financial statements contained either "errors" resulting from "mathematical mistakes, oversight, or misuse of facts at the time the financial statements were ori How do we capitalize on relevance in the household to motivate a purchase for our product or service? We test hypothesis of relevance based on demographic and psychographic shifting. We look for Hotline information- not necessarily from data but from propensity or profiling. • Timely DM. It’s being instinctual about the art. Now, how can I get timely to figure into a decision? Timely is sometimes the hardest thing to know. How can we predict the trends of a household? Much easier when we know the baby is coming and they’ve registered with everyone and everywhere, giving us delivery dates and sex details. Timely knows that those of a multi-family dwelling unit, who earn high incomes, could or should be able to afford a house and a mortgage. So, it makes sense that new home solicitation targeted to the aforementioned market is timely. And given the right, compelling offer they will ACT. Direct Marketing Success is about capturing the rhythm of interest by instinct & skill. It’s the nose of the DM expert or CMO who understand that he or she must use the senses of observation combined with any and all analytical information that can be added to the formula. After this soup is stewing, an educated guess is where targeted, relevant & timely meets ROI. Call it luck; call it opportunity meets intelligent preparation. Call it whatever you like, but they are forecasts that go beyond explanation. They just work. I can help you to manage these issues… another time, another place, another DM galaxy.
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