¶ … 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...
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