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Friday, March 12, 2010      
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Files - Main Page


    MARKETING STRATEGIES


    Database Marketing

    Art of collecting data and using it:

       Learn who clients are; which are best; and
          where to find them.

       Track product / services used by each client.

       Target new promotions to appropiate client
          profile.

       Deterine characteristics of those who
          purchase.

       Analyze clients' habits and identify ways to
          make the purchase process easier.

       Apply data to identifying and finding new
          clients.

       Target promotions (old and new) to lists of
          prospects who fit the profile(s).

       Positive prospect / client response will be
          greater if time is invested to discover
          individual needs/requirements.

         Personalize promotional letters.
         Strategically time promotions,
            mailings, etc...

       Your database will allow you to:

         Note trends and habits.
         Remind clients when they need / are
            due to purchase.
         Target promotions to segments of your
            market.
         Offer discounts and rewards to top
            clients.
         Identify top 20% of clients and target
            them for additional products / services
            and special attention.

    Setting Up A Database

       Basic contact information needed:

         Name and Title
         Company and address (plus alternate
            addresses)
         Phone, fax, email and Web site
            addresses
         Meeting dates and related information
         Relevant personal information

       Track:

         Purchase dates/history
         Frequency of purchases
         Quantity of purchases to date
         Number of purchases to date
         Types of purchases to date
         Total sales to date

       Customize target segments

          Track by:

         Type code
         Product / service code
         Anticipated date next needed
         Miscellaneous information

       To determine future prospects:

         Source of lead
         Demographic information such as:

          company type / size
          title of decison maker
          age / sex / geographic location

       Reports can be generated for various
          informational needs.

       Eliminates of assumptions and poorly
          informed planning.

       Many personal information software packages
          are available.

    Broadcast Fax Marketing

       Can be done for less than cost of postage.

       Response rate for broadcast faxing is often
          greater than from direct mailings

       Avoid the image of sending "junk" faxes.

       For more professional faxes:

    1. Only broadcast for important events
      (e.g. limited offers, special pricing offers, newsletters with breaking news.
    2. When collecting fax numbers, inform prospects and customers what you may be sending.
    3. Keep fax short in length - usually 1 never more than 3 pages.
    4. Keep fax free of photographs or gray "screens" since they slow down the transmission.
    5. Use legible lettering / fonts for readibility.
    6. Provide toll free number for customers who want to be removed from your list.

   Fax Guidelines

       Do not fax to prospects - only fax to
          your customers.

       Telephone Consumers Protection Act
          (TCPA) bans unsolicited advertisement
          transmissions in USA.

       U.S. Federal Communications (FCC)
          requires that the following printed on
          first page of the transmission:

        Date and time transmission is
           sent
        Identity of sender
        Telephone number of sender

       Make sure to offer recipients an
          easy way to delete their name / fax
          number from the fax distribution list.
          Protocol:  Create a "Do Not Fax" list.

Fax-on-Demand  (FOD)

   Customer or prospect calls to request
      documents by entering numbers on their
      touch-tone phone.

   Documents requested are sent directly
      person's fax machine.

   The system is available year round, 24 hours
      a day.

   No need for phone operators.

   No problems with different time zones.

   Allows testing of various types of marketing
      ideas.

   Sending out marketing pieces by fax-on-
      demand allows tracking of successes
      per number of responses / number sent by
      fax-on-demand.

   Fax-on-demand service bureaus are available
      or with additional phone lines and with a
      reliable computer system, -or-  you can run
      your own fax-on-demand.

Ordering By Fax  (FOD)

   Every extra step/effort required to make an
      order, only decreases the response rate.

   Fax orders save business time and phone
      lines.

   Cuts down on human error since order is in
      customer's own handwriting.

   Establishes service orientation by offering
      additional options for ordering.

   Designate a fax machine(s) for these orders.

Ways to Increase Fax Orders

   Include:

  1. Provide toll-free number.

  2. Print fax number on top of order form.

  3. Create a 1-page order.

  4. Make sure that fax machine is in secure site and assure buyer that the machine is secured for credit card ordering/purchasing.

  5. Make sure that order form is dark type on light paper.

  6. Make sure the spacing on the order form is workable for large handwriting.

  7. Create a confirmation procedure to confirm receipt of the faxed order.




    These "Management Files" are mainly for Middle & Senior Management and Business Owners. The various topics are meant to remind and to stimulate management thought.

    Please note: Our firm does not carry-out or furnish research in these areas. This area of the Select, Assess & Train Web site is available only as a public service to foster thought and better management in today's fast-paced environment when the human factor of business is often taken for granted and/or even overlooked.   We are not a source of facts.

Select, Assess & Train
38 Fendall Avenue
Alexandria, VA 22304 USA
Tel:  (703) 823-1968

info@selectassesstrain.com


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