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Finding Needs and Filling
Them,
the ISSM's premiere article by ISSM founder and Executive Director
John Miglautsch. Marketing is undergoing a global revolution.
The underlying power is coming from our ability to store and
use the mountains of data generated from the very stuff of doing
business. Television took off in the 50's, radio in the 20's,
newspapers in the 18th century, etc. We seem to be accelerating.
However, in this article, John Miglautsch asserts that the changes
of this century in the science of marketing will pale in comparison
with those of the next decade. John believes that we are beginning
an era when the barriers to entry are melting and the communication
costs are shrinking to near zero; we are finally figuring out
how to meld the comfort of our friendly PC with the power of
the massive main frame. Although we do not know exactly where
the future will lead, we do know that things will certainly change.
Click on the name of the article to request it.
The Real Value of the World
Wide Web,
the ISSM's Issue 2 by Charter Senior Fellow Bob Hacker who asserts
his views of what the World Wide Web is good for and what it
probably won't affect. For instance, the web promises to give
control of timing and content back to the recipient. Therefore
the Web probably won't be of much value for new customer acquisition.
Through the Internet, you can get instant access to information!
Information that was considered proprietary only a few short
months ago. You can find people on the Web; you can find sales
prospects; you can refine sales presentations; you can discover
how your competition thinks; there is valuable product and service
information on the Web. It just might be the best way to distribute
data and information. Just log onto a search engine and see what
you can find! Click on the name of the article to request it.
The Growth of Business Groups
and their Impact on Mailing Lists,
the ISSM's Issue 3 by Charter Senior Fellow Ed Burnett. One of
the phenomena of our time is marketing to "groups."
Inevitably people work their way into certain group categories
based on their likes and dislikes, hobbies and interests, demographic
attributes, etc. From a mailing point of view, this helps to
narrow and refine mailings to those most inclined to buy. But
these groups must be classified and integrated into marketing
strategies in order to be of any use. This is ISSM Charter Senior
Fellow Ed Burnett's article on the impact of the growth of business
groups and their impact on mailing lists. Click on the name of
the article to request it.
Powerful Direct Marketing
Arithmetic you can do on a Cocktail Napkin,
the ISSM's Issue 4 by Charter Senior Fellow Bob Hacker. He gives
you the ability to figure costs and expenses through a handy
little cutout you can keep with you always: a "Cocktail
Napkin Crib Sheet" that will enable you to "amaze your
friends and baffle peers" as you whip through difficult
calculations with minimal effort. Get a grasp on things like
Raw Cost-Per-Response, Loaded Cost-Per-Response, Cost-Per-Sale,
etc. Click on the name of the article to request it.
Going Beyond Satisfaction
to Delight,
the ISSM's Issue 5 by Charter Senior Fellow JoAnna Brandi.
What is an internal customer? How can you get the most out of
your employees? Want tips on how to maximize performance and
create a great working environment in the office? Here are some
excellent tips from ISSM Charter Senior Fellow JoAnna Brandi
on how to provide good service to your customers and employees.
Click on the name of the article to request it.
Classification Reform: What
do you do About Direct Marketing?,
the ISSM's Issue 6 by Charter Senior Fellow Ken Culpepper. Many
organizations do not measure the variation in value that their
customers have for its products and/or services. The organizations
that do know about measuring variation in value frequently don't
know how or where to begin to do so. As the marketplace - and
the people in it - changes so does the value of a product or
service; therefore, it is important to measure the variation
of the value. Click on the name of the article to request it.
Selecting Catalog Management
Software,
the ISSM's Issue 7 by Charter Senior Fellow Ernie Schell.
In deciding on a system to meet your needs how can you be sure
you're getting the right one? Here are some guidelines to help
you make the right choices. Click on the name of the article
to request it.
The Opportunities and Pitfalls
of Performance Measures in Database Marketing,
the ISSM's Issue 8 by Charter Senior Fellow John Alfred
Lewington. Many believe that an important activity of management
is improving control systems. Greater control over marketing
costs and results are major benefits used to justify the implementation
of database marketing (DBM) systems. The development and implementation
of performance measures provide feedback upon which effective
control is based. Feedback from measures of performance may assist
managers in improving the productivity of marketing mix decisions,
data collection, segmentation, and modeling. Measuring the results
of alternative marketing programs is also an important feature
of DBM. Enlightened direct marketers use DBM to support their
marketing research, because it is, "characterized by measurability
and accountability." Accurate measurement provides feedback
about the responses of different customer segments to alternative
marketing mix scenarios which may supply information to improve
DBM productivity. Click on the name of the article to request
it.
How to get Positive Benefits
by Incorporating Negatives and Quiet Understatements in your
Advertising Copy, the ISSM's Issue 9 by Charter Senior
Fellow Rene' Gnam who shows how understatement can sell your
product or service. He says that just being honest and stressing
realism can appeal to a prospective buyer. Here's how you can
test your ad copy to see if it's helping your cause or just over-promising
and scaring people away. Click on the name of the article to
request it.
Why High-tech will Come to
Love Low-tech Direct Marketing, the ISSM's Issue 10 by
Charter Senior Fellow Bob Hacker. Here he discusses the difference
between the Feature, Advantage, and Benefits (FAB) approach to
marketing and the classic offer-driven approach to direct marketing.
In this article he includes numerous examples and a case study
to make his point. Click on the name of the article to request
it.
Meeting Customers' Needs
by Meeting Your Own,
the ISSM's Issue 11 by Charter Senior Fellow JoAnna Brandi who
suggests ways to improve business relationships. First, recognize
with whom you have relationships, such as yourself! Your attitude
and outlook affect your business performance. Also, be aware
of the image you create in the eyes of others with your letters
and faxes. Click on the name of the article to request it.
Being Digital,
the ISSM's Issue 12 by Charter Senior Fellow Ed Burnett. According
to him, bits are replacing atoms as the basic commodity of human
interaction. It is the rise of the importance of data and the
information superhighway that will define the future of technology
and human interaction. Here, Mr. Burnett explains the meaning
and importance of bits. He also discusses "open systems,"
a concept that exercises the entrepreneurial part of our economy
and challenges both proprietary systems and broadly mandated
monopolies. In the "open system" of the future we will
compete with our imaginations, resulting in greater success for
the imaginative and more choices for the consumer. Click on the
name of the article to request it.
You Can't Shoot What You
Can't See; Some Thoughts on Targeting the SOHO Market,
the ISSM's Issue 13 by Charter Senior Fellow Brent Bissell. They
may not be easily recognizable on a mailing list, but small or
home offices (SOHO) are an important market worth exploring.
Here are some thoughts on reaching this large and growing market.
A logical hypothesis and a sound strategic approach can combine
to make this seemingly invisible target become visible. Click
on the name of the article to request it.
Strengthening the Patient/Physician
Relationship
the ISSM's Issue 14 by Charter Senior Fellow Keneth Culpepper.
Traditionally antagonistic towards the idea of "advertising,"
convincing physicians of the value of marketing has not been
easy. A recent development has been the use of computer telephony
- the integration of the telephone and computer systems. What
makes it so attractive is the use of Interactive Voice Response
(IVR). Click on the name of the article to request it.
The ABC's of Modeling for
Business-to-Business
the ISSM's Issue 15 by Charter Senior Fellow Ed Burnett.
Modeling of a Business-to-Business Customer file proceeds on
two levels. This Ed Burnett article covers the steps necessary
for the production of a penetration analysis. Wondering what
kind of differences it pay to analyze? Here is your answer, given
in numerous examples with detailed explanations. You will read
how penetration is figured and analyzed in various SIC circumstances,
and how to make use of levels of data. And review what advantages
can acrue to a large Business-to-Business model.
Going Global
the ISSM's Issue 16 by Associate Fellow Savinder Mattu.
There are many mailing lists available in the list marketplace.
Staying local or going to the better known international files
will need to be considered in light of the countries being mailed
and the product offered. Each has advantages and disadvantages.
Here are some helpful thoughts on using mailing lists globally.
How to Write a Sales Letter
That Brings in Sales Leads
the ISSM's Issue 17 by Associate Fellow Ron Davis. What
makes a good sales letter? Here are some thoughts on that and
several formulas to consider when composing a sales letter. You
need to think about what will appeal to your prospects and how
to get his attention quickly, then move into action and seal
the deal.
Field Sales Automation
the ISSM's Issue 18 by Charter Senior Fellow Tracy Emerick.
He believes the Internet provides the first opportunity for practical,
satisfying field sales automation. Using Internet communication,
FSA is functional, valuable, and inexpensive. And unlike current
FSA software/hardware solutions in use, Internet-based FSA is
workable.
Direct Mail - Truth with Words
Considering the common use of Direct Mail marketing, it's
amazing that more people haven't considered what makes for good
copy and formatting on Direct Mail sales letters. Here are a
whole bunch of proven tips on how to create better Direct Mail
letters.
How to
Save Money on Postage & How to Work With Your Local Post
Office
This article covers how to save money on postage, the different
classes of mail, and self-mailing formats. It also addresses
how to work with your local post office to minimize your postage
costs. Though written with costs from 1996, it's other tips are
still valuable and worth noting.
Five
Defining Trends in the Catalog Industry
Don Libey contends that the Web-based, E-commerce construct
described herein is the single most significant event of commerce
since the Industrial Revolution, and that it will alter forever
the catalog industry of the past and change it irretrievably
into the massive scale, digital, transaction fee-based, operations
and fulfillment consolidated, procurement infomediary construct
for the future.
The Life
of a KISSer
Here we learn Senior Fellow Bob Stone's deep, dark secret: he
is a certified, lifetime, card-carrying member of KISS. All members
worldwide start each day by uttering the four magic passwords:
Keep-It-Simple-Stupid. This article extols the virtues of keeping
it all simple and understandable.
Fight
Brand Tyranny!
Charter Senior Fellow Bob Hacker urges us to "fight brand
tyranny." He proposes that the singular emphasis on brand,
at least for direct marketers, is at best simplistic, at worst
heresy.
Sony Shifts
Sales to Cyberspace Further Unwinding Japan, Inc.
Sony Corporation said it would be the first major manufacturer
to sell products directly over the Internet. Sony estimates it will
eventually do more than a third of its business online. If Japanese
retailers hope to survive they must give up their reliance on a political
solution and learn to fight back in the marketplace.
Fix Problems. . .Fix Relationships. . .
Build Loyalty
In Issue 26, Senior Fellow JoAnna Brandi stresses looking beyond the sale
itself to achieving and maintaining good customer relations and customer loyalty.
If you'd like your customers to 'rave' about your business read this!
CRM? Where'd That 'C'
Come From, Anyway?
Senior Fellow Herschell Gordon Lewis discusses direct mail and
prospecting, among other things, in this article on Customer Relationship
Management and Customer Acquisition.
Thoughts on RFM Scoring
ISSM's Executive Director shares his thoughts on Recency, Frequency, and
Monetary (RFM)scoring and other marketing techniques, e.g. weighting, life-to-date,
and quintiles.
Spinning Straw into Gold
Direct marketing is extremely concerned with data and information and
information gathering. How do we as direct marketers use all this information?
Using a story from The Brothers Grimm, John Miglautsch draws a comparison that
illuminates the situation, and explains how to overcome the inherent problems.
People Do Not Like To Be Sold, But They
Sure Do Like To Buy!
Using two personal experiences - one traveling and one shopping - Ray Jutkins finds
and explains some principles of loyalty and frequency in Issue 30.
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