The main types of media employed in direct marketing are direct mail, direct response advertising, email marketing and telemarketing, however, it can also encompass radio, television, internet banners and billboards, etc.
Direct marketing offers the ability to run a highly targeted marketing campaign particularly with direct mail, telemarketing and email marketing. The recipients of the marketing communication can be selected by specific demographics such geographic location, sex, age, social class, etc. In the business to business environment the criteria for recipient selection may be company size in terms of employee numbers or turnover, geographical location, job title, industr
A successful direct marketing campaign needs to be clear and concise and the ‘call to action' must be relevant and compelling. In the case of printed communication or online marketing the quality of design work and copywriting is key to convincing the recipient to act on the offering.
Another advantage of most forms of direct marketing is that there is less ‘wastage' than with other forms of marketing such as advertising. As for example, direct mail can be targeted at businesses or individuals that are very likely to have a requirement for the product or service. This is much harder with advertising as many people reading a magazine or listening to a radio advertisement will not have the correct profile to have an interest in the product or service.
Direct marketing can be particularly effective for small or medium sized companies, it enables them to reach the individuals or businesses most likely to need their product or service and also offer some incentive to purchase. Results are not only measurable they also tend to be fairly quick which is important particularly for a young company with a fragile cash flow.
Numerous lists are available for purchase to target the correct people or businesses. Lists can be expensive so for a small business it can be an idea to try to develop your own list. For a successful mailing package you do not necessarily need to spend large amounts of money, a simple post card can often be sufficient if well written and designed.
One successful technique in direct marketing is sequential mailings or indeed sequential emailings. In sequential campaigns recipients are sent a series of communications which contain an ongoing theme or message. This can be further enhanced by adding some form of competition mechanic which encourages recipients to keep a look out for future mailings for a chance to win a prize, etc.
Direct marketing can be key to your business if you get it correct, it can drive growth for your business. Media selection, design and copywriting are vital as is the having the correct call to action. When in doubt call for professional help!
Financial Services Direct Marketing
Though technically, each one differs from the other, spam mail, junk mail, and bulk mail have become synonymous with marketing tactics that turn people off more than turn them into prospective buyers. Any information associated with these is often treated with suspicion.
Direct marketing involves eliminating the presence of media agencies during the product transition from manufacturing to sale by precluding costs incurred in a typical factory-to-retailer chain product or service. However, direct marketing often draws criticism for being little more than get-rich-quick schemes.
The following are factors that usually contribute to a negative image of direct marketing from the consumer's perspective.
Customers Cannot Be Forced
However great you may feel your communication blitz is, it cannot make the customer go out and buy your product. If you feel sending out mass mailers over the Internet in sharp salesman language will do the trick alone, you couldn't be more wrong. Forced sales techniques never work. Your efforts might even damage your product or service by creating a negative image in people's minds. A time-tested idea is to identify the market group interested in the product or service for which you are marketing. Thus, if you are selling a five-in-one torch, for example, you could effectively market it as a camping or picnic companion to individuals who enjoy the outdoors on a regular basis.
More is not Always Merrier
You cannot work on the premise that flooding 600 households with information on your product will lead to at least 100 of them responding without clear statistics of your market group. While wider distribution of information is better in the case of marketing and promotion costs, it is better to identify your audience and to tailor the marketing communication towards their needs. While preventing unnecessary outflow of budgets, a tailored promotion also means that you are better reaching those who are in the market for your services. This, in turn, will provide you with more accurate conversion rates from those who receive your advertising to actual sales, which will assist you with forecasting.
Keep Away from Grandiose Announcements
Anything grandiose is generally treated with suspicion in direct marketing . Market in a manner that will convince potential customers instead of leaving them to wonder whether the offer is too good to be true. Choose superlatives such as "best" carefully. If necessary, back up your ads with statistics and/or references. And, as a good rule of thumb, don't market anything that you may not personally approve of.
Generally, most techniques that apply to conventional marketing work well with direct marketing too. Creating a great product, understanding the consumer, and tailoring your communication to his or her needs is what great marketing — and direct marketing — is all about.
Both Carl Roughsedge & Samira1111 Smith11 are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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