Mortgage Marketing in the 21st CenturyFor loan officers and mortgage brokers, marketing the benefits of your products to your potential customers is very important to the success of your business. It is also important that you keep up with your competition’s marketing concepts.Marketing can rear its head in many ways. Verbally, through networking. Business cards, mailers, flyers, billboards, radio, television, etc.The point of the above named marketing methods is to get yourself and your products in
list owner or list broker will know if the
names on her list respond to direct mail offers. A
good example would be a catalog merchant who
would know the percentage of names on his list who
buy through the mail.
8. How fresh are the names?
Some business-to-business lists decay at a rate of
25% a year. In other words, at any given time, 25%
of the names on a given list will have moved (new
address), been promoted (new job title), undergone
a restructuring (new email address) or quit. Ask your
Preshow Planning Equals Success : 10 Essential Questions You Have To AskThe early bird gets the worm. The same holds true for trade shows -- the most successful exhibitors are those who start planning at least 12 months prior to the next event. Exhibiting requires a great deal of time, money, and personnel. Make the most of your resources by utilizing them at the show that best meets your marketing needs.But how do you know what show is right for you? Here’s a hint: It’s not necessarily the one with the largest ads in the trades or the one
If the most important part of any
business-to-business direct mail package is the list,
how can you be sure that you have a good list
before you drop your money (and your reputation) in
the mailbox? Answer: Ask the right questions before
you rent that
list.
1. Who is on the list, exactly?
Let’s say your potential list is high-tech prospects.
Are the people on the list analysts, network
administrators, product managers, chief information
officers or sales managers? Knowing makes all the
difference. So make sure you can select names by
job title or function.
2. What is the source of the list?
Is the list a compiled list, where names and
addresses are compiled into a list from directories,
newspapers, trade show registrations and other
public sources? Or is the list an opt-in list (such as
subscribers to a particular trade publication, or
buyers from an online store)? Lists of names that are
compiled from phone books and directories usually
age more quickly than names from opt-in lists and
usually produce more undeliverable mail.
3. Are the names on the list known buyers?
The best B2B lists contain names of businesspeople
who have bought your product or service or one like
it, regardless of how they bought it (online, by mail,
retail).
4. How recently did they buy?
In the trade, we call this Recency. Prospects who
bought a product or service like yours recently are
better prospects than ones who purchased years ago.
5. How often do they buy?
We call this Frequency—how often someone buys.
Naturally, someone who buys your product or service
often is a better prospect than someone who buys
less frequently.
6. How much do they spend?
We call this Monetary value, and it’s the third
component in the standard test of mailing list
quality—Recency, Frequency, Monetary value.
Buyers who spend the most are the best prospects
for your mailing.
7. Are the people on the list “direct-mail
responsive?”
Sometimes a list owner or list broker will know if the
names on her list respond to direct mail offers. A
good example would be a catalog merchant who
would know the percentage of names on his list who
buy through the mail.
8. How fresh are the names?
Some business-to-business lists decay at a rate of
25% a year. In other words, at any given time, 25%
of the names on a given list will have moved (new
address), been promoted (new job title), undergone
a restructuring (new email address) or quit. Ask your
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erence. So make sure you can select names by
job title or function.
2. What is the source of the list?
Is the list a compiled list, where names and
addresses are compiled into a list from directories,
newspapers, trade show registrations and other
public sources? Or is the list an opt-in list (such as
subscribers to a particular trade publication, or
buyers from an online store)? Lists of names that are
compiled from phone books and directories usually
age more quickly than names from opt-in lists and
usually produce more undeliverable mail.
3. Are the names on the list known buyers?
The best B2B lists contain names of businesspeople
who have bought your product or service or one like
it, regardless of how they bought it (online, by mail,
retail).
4. How recently did they buy?
In the trade, we call this Recency. Prospects who
bought a product or service like yours recently are
better prospects than ones who purchased years ago.
5. How often do they buy?
We call this Frequency—how often someone buys.
Naturally, someone who buys your product or service
often is a better prospect than someone who buys
less frequently.
6. How much do they spend?
We call this Monetary value, and it’s the third
component in the standard test of mailing list
quality—Recency, Frequency, Monetary value.
Buyers who spend the most are the best prospects
for your mailing.
7. Are the people on the list “direct-mail
responsive?”
Sometimes a list owner or list broker will know if the
names on her list respond to direct mail offers. A
good example would be a catalog merchant who
would know the percentage of names on his list who
buy through the mail.
8. How fresh are the names?
Some business-to-business lists decay at a rate of
25% a year. In other words, at any given time, 25%
of the names on a given list will have moved (new
address), been promoted (new job title), undergone
a restructuring (new email address) or quit. Ask your
Overview on Qualitative Data Collection Techniques in International Marketing ResearchThis article is meant to be a brief review and reminder of some valuable yet often bypassed techniques to collect data on international markets and consumers.When thinking of market research, surveys are most likely the first technique that comes to ones mind. However, surveys are a quantitative research and, in order to understand customer behavior and the social and cultural context in which our business will operate, we will need to perform some qualitative research
ts and
usually produce more undeliverable mail.
3. Are the names on the list known buyers?
The best B2B lists contain names of businesspeople
who have bought your product or service or one like
it, regardless of how they bought it (online, by mail,
retail).
4. How recently did they buy?
In the trade, we call this Recency. Prospects who
bought a product or service like yours recently are
better prospects than ones who purchased years ago.
5. How often do they buy?
We call this Frequency—how often someone buys.
Naturally, someone who buys your product or service
often is a better prospect than someone who buys
less frequently.
6. How much do they spend?
We call this Monetary value, and it’s the third
component in the standard test of mailing list
quality—Recency, Frequency, Monetary value.
Buyers who spend the most are the best prospects
for your mailing.
7. Are the people on the list “direct-mail
responsive?”
Sometimes a list owner or list broker will know if the
names on her list respond to direct mail offers. A
good example would be a catalog merchant who
would know the percentage of names on his list who
buy through the mail.
8. How fresh are the names?
Some business-to-business lists decay at a rate of
25% a year. In other words, at any given time, 25%
of the names on a given list will have moved (new
address), been promoted (new job title), undergone
a restructuring (new email address) or quit. Ask your
How to Build Customer RelationshipsBuilding a lasting relationship with your customers is a vital marketing strategy in ensuring the existence of your business. Making your customers unhappy even once can impact their likelihood of ever revisiting.Small, local stores, retailers, and companies, can sometimes offer more personable service because of their focus on the quality and uniqueness of their products not sold anywhere else. Honoring the customers' needs is what brings them back for more. The custo
y?
We call this Frequency—how often someone buys.
Naturally, someone who buys your product or service
often is a better prospect than someone who buys
less frequently.
6. How much do they spend?
We call this Monetary value, and it’s the third
component in the standard test of mailing list
quality—Recency, Frequency, Monetary value.
Buyers who spend the most are the best prospects
for your mailing.
7. Are the people on the list “direct-mail
responsive?”
Sometimes a list owner or list broker will know if the
names on her list respond to direct mail offers. A
good example would be a catalog merchant who
would know the percentage of names on his list who
buy through the mail.
8. How fresh are the names?
Some business-to-business lists decay at a rate of
25% a year. In other words, at any given time, 25%
of the names on a given list will have moved (new
address), been promoted (new job title), undergone
a restructuring (new email address) or quit. Ask your
Recruitment In The Automotive SectorIf you are a job seeker looking for a new challenge, where do you start your search?Take Accountants, for example. There are Financial Recruitment Agencies out there who are major players with high street branches and well known names. They market extensively and enjoy a good reputation so surely they deal with the full range of employers. If not why not?The big players often do deal across the board, but we are all familiar with the old adage "jack of all tr
list owner or list broker will know if the
names on her list respond to direct mail offers. A
good example would be a catalog merchant who
would know the percentage of names on his list who
buy through the mail.
8. How fresh are the names?
Some business-to-business lists decay at a rate of
25% a year. In other words, at any given time, 25%
of the names on a given list will have moved (new
address), been promoted (new job title), undergone
a restructuring (new email address) or quit. Ask your
list owner or list broker how often they update their
list.
9. When was the list last cleaned?
List owners “clean” their lists by comparing them
against the postal service’s National Change of
Address file. Ask how often this is done.
10. How often is the list rented?
If the list is rented often, it is likely a good list (but
one that contains names of prospects who may havebeen inundated with offers like yours). If the list is
rarely rented, it is either no good or it contains a
highly specific group of prospects that no other
business except yours wants to mail to (not likely).
11. How many other mailers tested the list
successfully?
You should conduct a test mailing to a list before
rolling out your entire mailing. Ask how many other
businesses tested the list and then declined to
rollout, and how many tested the list and decided to
rollout. The answers you get give you an idea of the
value of the list to your business.
12. Who else rents the list?
Do your competitors rent the list? See if you can find
out!
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