Thursday

Marketing Databases

GOOGLE ADSENSE Marketing database gathers and presents in an anlyzable form data related to the customers, the leads and prospects. All such data is gathered and stored in database marketing is crucial for targetted marketing.

Once the data is stored it can be used at different levels, including strategic and tactical or contacting level to focus marketing efforts and achieve better results.

Companies use database marketing to gather and analyze data about their customers, their buying history, prospects, past marketing efforts, demographics, etc.

They analyze the data and draw lessons for their marketing and sales programs. They tailor their marketing efforts based on teh data collected starting from the customers of different catagories down to the individual level.

Database marketers use the information related to the customers to send targeted promotions to any specific group of customers or mailing lists.

Database marketers also measure the value of their campaign and the responses of the individual customers. The collecting knowledge gained from the marketing strategy and what worked and what did not work, marketers can make plans for the future.

GOOGLE ADSENSE Marketing database is also useful for tracking promotional efforts and measuringresponses.

Based on the purchases the return on investment for every dollar spent on their promotional efforts can be calculated using the marketing database.

With software for database marketing becoming available easily and economically it has become possible for smaller companies to use database marketing strategies withing their budget. Earlier on the Fortune 500 companies could spend millions of dollars on their marketing efforts and could use database marketing.

For example a kid's toy shop wants to sell a new barbie doll and a new set of clothes for barbie. They send a mail only to those customers who have bought a barbie from them and those who have shown an interest in collecting different barbies.

Or they can have two lists: One, a special offer for those who have already bought barbies. Second, an introductory offer to those who have never bought a barbie doll but have bought other toys for kids.

A sporting goods company has a web site and announces special offers on Golf equipments. People sign up and receive the special offers. Customers are also give a choice to receive offers through email or other methods. Then the company can use their database marketing info to prepare different lists.

Customers who have already purchased once and prefer email offers.

Customers who have already purchased once and singed up for newsletters. They do not prefer direct mail offers.

Customers who have searched for products but not made any purchase. They have indicated their preference to get offers through email contacts.

Customers who are only interested in golf clubs and offers related to them.

In short, database marketing helps marketers make intelligent marketing decisions based on the marketing database. Marketing database improves Return On Investment and saves time, effort and money if the data is used to make the right marketing decisions.

No comments: