¶ … direct marketing help companies deliver their objectives?
The principles of direct marketing help companies deliver their objectives
Times are changing, the economies, laws and rules are also changing, however, the principles of marketing remain the basic driving factor of success for any business. The marketing strategies are changing, from manual to digital. Nonetheless, the challenge in understanding and executing the principles of direct marketing remains with the business enterprises. Marketing strategy becomes incoherent when the target audience changes from customer to another business; what represents the Business to Business, and Business to Consumer marketing (Ferrell & Hartline, 2011, p. 13).
Literature review
Direct marketing entails getting to the basics and drilling on the fundamentals of marketing to ensure that the business meets its objectives. There are many proclaimed principles to implement in direct marketing. However, the essential principles of direct marketing entail the following practices. The first principle to have in mind is the quality of the products and services business is offering. In practice, this may sound remarkably obvious. However, research indicates that, over time, the initial product launched in market deteriorates in quality due to the belief that the business has effective marketing techniques (Krafft, Hesse, Hofling, Peters & Rinas, 2010, p. 19). Additionally, some businesses in enterprises venture into the market without evaluating the quality of the product they are offering since some other business deals in the same product. Thus, they compromise on the quality of the product they are merchandising. Selling of low quality product and services that do not meet the quality standards requires immense hard work input. The poorer quality of product, the more technique the business will require marketing it. However, with products with good quality, meeting standards, the product marketing is easy and cheap. Therefore, in direct marketing, consider the quality of product or service presenting to the market.
Second principle, is to understand the target group of the business in presenting the product or service. Direct marketing does not have the responsibility of creating new markets, but rather that of identifying the existing and available markets. Therefore, this marketing principle emphasizes on the marketing structure focusing on the things that people want. Direct marketing establishes the significance of a direct business to buyer channel of selling in creating streamlined, efficient and profitable business, when the product presented to the market is what the buyers want. For instance, in the past few decades, computer never seemed to have such high demand. However, today, there exists a broad market for computers, due to the demand (Ferrell & Hartline, 2011, p. 32). Thus, this principle borrows from the law of supply and demand in business. When the business identifies what the customer wants, then they identify the market and its needs, hence supplying products that meet the demands of the customers. This makes direct marketing successful in its objectives.
The third principle of direct marketing according to studies is to identify the willing person to buy. It is next to impossible to have a product that has a hundred percent demand in the market. Therefore, in direct marketing, when engaging the customers, out of hundred people and there is one person who, has an interest in the product, the marketing procedure should focus on that single person (Ferrell & Hartline, 2011, p. 57). This is because; it is from this one person that the business will make sales. Thus, if the remaining ninety-nine do not have an interest in the product, then it is clear they will not buy. Thus, spending time on these people is wastage of time and resources. This necessitates the need for establishing database marketing, and creating targeted messages and offers targeting the buyer and not just any other person in the market. Therefore, this principle entails identifying the willing buyers and making the marketing strategy that focuses on aiding creating the interest in the buyer to buy.
The following principle of directing marketing entails understanding direct marketing as a strategy in marketing. It features understanding the practice in direct marketing, and features that will make the business achieve its target in the marketing campaign. This principle emphasizes on the business to ensure that it is using direct marketing as a strategy of marketing. The principle defines the basic elements in a direct marketing message (Ferrell & Hartline, 2011, p. 44). These elements include, offer, in which the campaign makes an offer to the buyer that gives the buyer interests in the product. This is showing the...
Marketing Mix Principles of Marketing Summer 2012 Anthony L. Hamilton Sr. Dr. Kay Green Establishing a New Business The business name will be "Bird Wise" and provides a pet-related service. It will be located in Florida with the plan to expand services to new markets in the regional area as well as to develop a national online presence. The mission statement of the company is: "To help people improve their relationship with their companion birds by
This is why those service providers to other businesses often stress customer results in the core industries they compete in. These customer successes show the depth of expertise in a given area. These success stories make services tangible to customers. Marketing strategies used to support this approach include the widespread use of video and interactive online materials to show the problems solved and results delivered with a service. The
Marketing Report for Ms. Janet Bradley Keeping in view the increasing obesity rates in Australia and finding the spicy and high-calorie fast foods as the major reason for it, Ms. Janet Bradley has planned to establish a low-calorie fast food restaurant chain that will serve as an alternative to McDonald's, Red Rooster, KFC, and other fast food chains. This paper presents a comprehensive analysis of the micro and macro environment for
Marketing Coined by marketing guru Jay Conrad Levinson, guerrilla marketing is marketing that is unconventional, nontraditional, not by-the-book, and extremely flexible. The nine major differing factors from conventional marketing provided in "360 Degree Internet Marketing - Think Outside the Box for Minimum Cost, Maximum Results," (2001), are: Instead of investing money, you invest time, energy and imagination. Instead of guesswork, you utilize our expertise and experience. Instead of measuring your success in terms of
3.2 Segmentation The DKNY perfumes are divided into two segments, based on the consumer types they target -- perfumes for women and colognes for men. The main segment is represented by perfumes for women. 3.3 Targeting The main market targeted by Donna Karan New York is constituted by above the average income women. 3.4 Positioning The positioning strategy used by Donna Karan New York is a dual one. On the one hand, the DKNY perfumes
Marketing Integrated Communications and Direct (Digital) Marketing (Chapter 14, 15 and 17) 1. Define/compare the five elements of the promotion mix. Give examples of each. What is AIDA? In designing a promotion mix strategy, discuss when in the purchase behavior cycle (using AIDA) it is best to use each of the promotion tools The five elements of the promotion mix are: i) advertising – raising awareness such as through mass media adverts; ii)
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now