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Why
should Marketing Analysis be used?
- Competition
is trying even harder to capture market-share from other companies
- Customers
expect to be serviced better and more precise
- Marketing
resources (i.e. the budget) are cut down to the very minimum required
- Mass-Marketing
no longer works: customized and individually-tailored Marketing efforts are
necessary
- ROI-calculations
are getting more and more important: Marketing as an investment
Why
is Marketing Analysis Needed?
- Get
to know your customers a lot better
- Evaluate
your customers value
- Learn
how to distinct between valuable customers and not that valuable ones
- Service
your customers better
- Select
target-markets for your marketing-activities more carefully
- Calculate
your customers life-time value
- Evaluate
diverse propensities indicators
- Calculate
the potential of new markets / new target-groups / new products within your
database
Standard
methods often cannot answer the most relevant questions of a Marketer, nor do
they provide a point-and-click GUI interface for ad-hoc queries of information,
that even can be handled by the primarily creativity- and certainly less
systems-orientated Marketing managers.
Database Marketing interfaces between the ad-hoc needs and the existing systems
environment with all its data. It gives the marketers the unique chance to pull
down information with only few mouse-clicks.
How
do clients profit from this information?
- Being
more precise with one's activities saves time and resources.
- Targeting
your market-segment more precisely saves money.
- More
precise targeting increases customer-satisfaction (providing the right
information at the right time to the right customer). Increasing
customer-satisfaction improves business-performance in the long run.
- Response-rates
from direct-mailings will dramatically increase <=> returns will
considerably decrease.
- Costly
market-researches can often be pulled down from internally available
information
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