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| In
today’s ever competitive market it is becoming increasingly
difficult to find profitable marketing venues that are cost
effective and responsive. Postage, print advertising, and
even Internet marketing have become so highly priced, that
many view these medias as reserved for only the biggest of
corporations.
Most
businesses need to stretch their marketing dollar to the fullest
extent possible and that is where target marketing comes in.
Simply advertising to the public at large will most likely
result in a hole in your budget. By finding those potential
customers most likely to be interested in your product or
services and by marketing only to that select segment of the
market, you not only save a lot of money, but exponentially
increase your potential.
But
finding that target market may not be as simple as it appears.
It may involve doing considerable marketing research whether
through focus groups, surveys, interviews, or database analysis.
To further complicate matters, the wording of surveys, the
mediator of the focus group, and the crunching of data needs
to be done in such a manner to avoid contaminated or invalidating
your efforts. Unless you have specific training in these areas
you are most often better off hiring a professional to assist
you with your research.
After
determining likely market segments, you still aren’t
out of the woods yet. While it may be tempting to immediately
roll out marketing campaigns to your newly discovered market
segments, the veteran marketer knows that this is only the
beginning. |
|
| Now,
testing is a must. By using small sample sizes, but large
enough to acquire the desired statistical significance, you
can begin testing the different lists and analyzing results.
And in order to test your results you better have adequate
tracking measures in place to record your results.
Although
the 3 rules in direct marketing are list, list, list you will
also need to test such things as timing, pricing, copy and
other components of your marketing collateral. Tests must
be done in such a way that only one component should be different
from your control piece. In statistical terms, this is referred
to as all other things being equal.
Good
marketers will tell you that they are never done testing,
even on campaigns that have had years of solid response. For
instance, what works by phone, may not work in the mail. What
works in the mail might not work on email. You get the picture
and a very important question you will be faced with is what
marketing media do you wish to use. Again, testing will help
you answer these questions.
In
some cases a stand alone effort such as mail or print advertising
may not work as individual campaigns; however, combining a
mail effort with print advertising or an email campaign with
a follow up phone call may work quite well. Test, test, test.
Finding the right mix of list, offer, timing, media, etc.
will take time and effort but will vastly increase your marketing
efforts.
International
Club Management can assist you will all aspects of your marketing.
Click
on the navigation bar to the left to find out more details
about specific aspects of marketing. |
|
Target
Marketing: Marketing to select or predefined group
or segment that would be most likely to purchase
your product or service.
Surveys: A Marketing Research tool to gather data
and insights to assist in target marketing.
Statistical Analysis: Mathematical calculations of
data used to best analyze specific customer behavior, demographics,
and other relevant marketing statistics and information.
Direct Email: Email directed at the target market
or customers requesting further information.
Email Campaigns: A full campaign designed to email
your target market taking into consideration the timing, behavior,
and demographics, and analyzing the feedback and success of
the email campaign.
Internet Programs: Marketing campaigns designed to
analyze the competition's use of the Internet and to market
using the Internet via your company website, banner ads, search
engine listings, and other Internet marketing tools.
Newsletters: Newsletters designed and assembled for
mailing and emailing. |
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