Professional Documents
Culture Documents
Chapter 15 Ouline
Chapter 15 Ouline
Advantages
-Allows collection of relevant information from customers
-Makes it more convenient
-Marketer controls product, not a wholesaler or retailer
-Advertising is easier to comprehend
-Allows flexibility in form and timing
Disadvantages
-People don’t want to buy something without seeing it (clearly changing now)
-Too many magazine and phone calls can get annoying
-Unable to reach everyone in a market (improving with improvement of databases)
5 STEPS
1. Objectives and Strategies
a. Identify potential customers
b. Motivate customers to come to an event
c. Illicit the ordering of products
2. The offer
a. Buy-one-get-one-free
b. Supported by more advertising
2.5 Message and Media Strategy
c. Show comparisons between other products
d. Personal feel
e. One-step versus two-step offer
3. The Response/Order
a. Main aim is for people to take action – namely buy
b. This part makes that easy and clear as possible
4. Fulfillment and Customer Maintenance
a. Getting product to customers
b. Maintain customer relationship
5. Relationship Building/Evaluation
1. Lists
a. Lists based on demographics, psychographics and geographic
breakdowns
b. Can merge lists to target more and more specific audiences
c. House List – Already buyers
d. Response List – those who respond
e. Compiled List – specific categories
2. Data Driven Communication
a. Communicating to already established list of object buyers
b. COMPUTERS + HISTORY SEARCHERS
3. Customer Relationship Management
a. Find links between customers transactions and characteristics
b. Allows identification and good treatments for most loyal/most
profitable customers
Key Players
1. The Advertisers
a. More than 12,000 firms
2. The Agencies
a. Advertising Agencies
b. Independent Agencies
c. Service Firms
d. Fulfillment Houses – Making sure consumers receive things on time
3. The Media Companies
a. Mail
b. Phone
c. Internet
d. Email
4. The Customers
a. Believe it can be annoying yet convenient