Top Ten Objectives of Database Marketing by John BotscharowDatabase 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
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
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,
fact that you included them in
decision-making process will carry considerable weight when they decide WHERE to buy!
Number 9: Target Your Marketing More Accurately.
When you explain
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
choir." But you will know who is NOT in
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
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
"scttergun" approach. And when you can combine very targeted marketing with a very low cost, you will easily achieve
primary goal of any guerrilla marketer: profits!