Emerson
Direct Response Marketing and it's relationship to Data Base
Marketing as it pertains to you and your business
Over
the years, Emerson Direct has seen a surprising number of
companies who fail to use their "back-end"(their data base)
to up-sell and cross-sell their customers
following
the initial
sale. This is almost a given for any online direct
response marketing campaign that Emerson Direct Marketing undertakes.
The last thing you want to do is allow the customers to purchase,
and then allow them to disappear. As a marketer we urge our
clients be
making
a list
of all
the
people
who
buy, or even
inquire, about your product or service, then attempt to sell
them related products, services and/or upgrades. We do this
in a myriad of ways, which we will now discuss.
At Emerson
Direct we brainstorm with you and your salespeople and
office staff to find related products. These related products
figure into the direct response marketing model due to the
fact that are considered cross promotional items. The thinking
here is, If you don’t
want to sell the related items you come up with yourself, make
a
deal
with someone
who
does. One option is to Give them the names of your customers
in exchange for some sort of profit-share deal. Though we suggest
that you protect that data since it is the lifeblood of your
company and business. But don’t
be afraid to ask for as much as hald in regards to the sale
commission. That's how valuable your database is! After all,
it’s
a sale they probably would never have made without you.
The ability to go back and replace what you sold your customers
in the first place is another obvious, but often overlooked,
sales opportunity. It's no so much replace as it is "re-sale".
You are going back to your valued customer with another product
to sell.
The
truth is that you don’t necessarily need to make
a profit on your initial sale. If you can figure that each
customer is worth X amount of dollars in profit to you in the
long run, you could
afford
to
lose
almost that much to get them as a customer. Think of it this
way. How much did it cost you to get the customer as a customer?
You must keep in mind the lifetime value of each customer.
Otherwise,
you
may
be throwing away thousands of dollars in lost profits. We at
Emerson Direct look at this business model as a cost per aquisition
deal, so to speak.
Database Marketing
If we haven't told you already, or you have forgotten already,
your database is the key to your survival in bad times. Bad
times being a major lull in your business. To the extent that
you call on a direct
response marketing specialist like Emerson
Direct. Your database is also
the key to maximum profits in good times. The goal of your
database should beto maximize customer value through conversion,
retention and repeat sales. And, it allows you to create new
marketing opportunities.
In today's web 2.0 world, the value of your data cannot be
underestimated. Everyone is collecting data on who is, or should
be, buying their products
or services.
This
data
does
not just
consist
of names and addresses. It includes buying history: what people
bought, when they bought, and how much they bought. It also
includes birth dates, anniversary dates, marriage status, number
and age of children, likes and dislikes. It opens up new ways
to market more products and services for consumers,
business-to-business marketers, B to C marketers, as well as
any and all online marketers and consumers.
Direct
Response Data Base Marketing means that there are:
• New
ways to market smarter to your customers and reduce the costs.
• New
ways to market additional products or services to your customers.
• New ways to keep customers—through
extended product usage.
Think
of the 80/20 rule. 80% of your business is going to come
from 20% of your customers, so you need to know what they
are all about and how best to treat them right, The business
market today is changing rapidly and it's an eat or be eaten
world. Those who properly master the understanding
of how, what and why
customers
make
purchases, and those who are able to influence buying decisions
with highly targeted direct marketing efforts— like direct
mail, infomercial, telemarketing, etc.—are going to come
out on top. Now you can appreciate the importance of thge database.
Whats your database?
Your
database is not just a collection of names. It’s
a collection of individualized, consumer behavioral information,
isolated to each customer and collected by you. The database
concept inputs data and generates information that allows
for you to selectively
target them from a marketing perspective. Your dbase provides
you with comprehensive, up-to-date and relevant information
about your prospects and/or
clients,
and will pay for
itself quickly with visible, measurable sales.
Below is a list Database points that you should be collecting
in some or fashion:
• Name(including
all personal data)
• Service needs
• Source of original inquiry
• Job function/title
• Potential profitability
• Sales materials supplied
• Company name
• Readiness to buy
• Cumulative billing
• Company address
• Promotion medium (mail, video, etc.)
• Prospect/customer/friend
• Company phone
• Decision-maker or influential
• Salutation
• Home address
• Data record entered
• Record of contacts by phone
• Home phone
• Data of last order • Total number of promotions received
• Market/industry code
At Emerson
Direct, our goal is to help you ultimately develop a high-quality,
long-standing relationship of repeat business.
With the help of our data base experts in house, we can provide
you with proper analysis of your
database, which in turn help us to create predictive models
to ensure that your direct mail campaign for instance is done
selectively and with the right frequency.
The ultimate result for the Emerson Direct customer is that
you can provide your customers with what they really
want and when
they
need it. With Emerson Direct's guidance, and
properly
implemented,
you can increase your response rate and lower your cost-per-order.
The result for you as a client, is higher profits.
Emerson
Direct Examples
of what can be derived from a proper database:
The Up-Sell: One of the major benefits of a database is that
it enables Emerson Direct to create for you an aggressive
up-sel campaign to hit your customer base with What this does
is you can: Sell them more of the same product.Sell them a
more expensive version of the product. Create continuity or
automatic purchases. Our Emerson Direct Interactive Marketing
group can show you how effective this can be if it is properly
implemented.
The Cross-Sell: Marketing Other Products
Another important feature of database marketing is cross-selling.
The Emerson Direct line of thinking is, "What other product
can be marketed to your database which can help you secure
your relationship with
your customer?"
An offshoot of this is that a database also allows you to
develop new products, based upon analysis of product/category
strengths
and buying
patterns
of brand merchandise and how it pertains to your niche customers
that fit the profile.
What
Emerson Direct would like to stress to you as a potential
client
is that Database marketing can be an efficient marketing
tool, if it's properly implemented. Why? Because it’s
completely accountable. Allowing Emerson Direct Marketing to
handle your database marketing needs will increase your
profitability. And, it will give you
an edge on your competition in the ever expanding global marketplace.
For
a free consultation on your direct response marketing business
needs and what Emerson Direct can do for your business, you
can
go
to our Emerson Direct
Contact page or call us at 239-254-0175. Click here,
To find out more about why direct
response marketing is important and why it should include
Emerson Direct. |