The Importance of Using Marketing Strategies

Whether you are in a small, medium or large business, you’d do well with a marketing strategy. Companies that want to excel in today’s competitive economy require not just any marketing strategy but the best they can find, whether in-house, customized or out-sourced.

There are many types of strategies to promote your company products or services. There are simple or sophisticated strategies which have been proven, and can be easily applied to most organizations.

Campaigns are different from strategies; a marketing strategy is an approach to market or promote the business products or services to confirm transactions that will keep the company viable. It can also be called a plan which is used to give the company an added advantage or project a more attractive image to its intended buyers of its products or services.

Purpose of Marketing Strategy
A strategy must bring in the sales when implemented; otherwise, it is a failed strategy. Time, effort and money are wasted which are considered losses to the company. Different strategies are employed not only for the different products and services of the company, but also target at different market segment or users. Hence, it is important to identify what the focus of your strategy is.

Marketing strategies Media
Some marketing strategies include print campaigns like advertisements in the newspaper or billboards. These are meant to instill awareness of the company’s products and services to a larger audience. Nowadays, the Internet provides a most conducive platform as part of the company’s strategies. Some companies may choose the television or radio media to execute their strategies if they are focusing on certain types of audience for their goods and services. For example, companies which manufacture household products may choose to market their products through the television medium as a commercial which targets housewives.

Factors involved in Marketing Strategies
Whichever strategy you may choose for your company’s products or services, you will need to consider the item to be promoted, the targeted audience or buyer, the duration of the strategy, the budget and the expected results. At times the company may be able to use a strategy for several of its products and services while at other times, not.

There must be a specific audience identified to that chosen item to be promoted so that, that specific category of buyers will be tuned in on the promotion. A marketing strategy cannot go on and on as the target audience may feel bored with it or develop negative feelings or opinions about the company’s status.

There must be a budget to work on a specific strategy for a specific product or service identified for promotion as there may be other products and services which will demand the same attention and priority for good sales. A specific budget is also necessary to ensure that the strategy does not exceed the expected expenses to promote the identified product as the bottom line is to recoup these expenses and more.

Hence, the most important aspect of a marketing strategy is the expected results. The strategy employed should bring in more revenue to the company which covers the expenses expended on that particular product or service.

Direct Marketing – Proven Ways to Promote Your Products and Services

Direct marketing is a proven success for many organizations to promote their products and services to millions of customers worldwide at once. The major advantage of this kind of marketing is that it can reach a larger amount of customers with the least expense.

Many organizations are using this kind of direct marketing strategies to promote their newly introduced product or the aspiring service that they have come up with. There are many direct marketing networks available today with the high expansion of internet. Many organizations are able to send their emails to a larger number of people through email and advertise their products or services whether the customer likes it or not.

However with these kinds of marketing networks available, it is a known factor that in some countries there are some legal laws which are there to prevent these kinds of direct marketing being used as direct marketing networks. In some email service providers the option of “spamming” is available to report spam of an unwanted advertisement.

There could be some advantages for the customer as well. For instance the advertisement sent to the customer could just be what he/she was looking for and would therefore tend to make an immediate response. There are added advantages for the direct affiliate marketing network as well. For instance, they could keep a track of the responses got from the customers and maintain a database of where they have found the best responses from. They can therefore make a promotion within that state or country to sell their product. This is especially advantageous before spending loads of money to advertise and promote a product.

The most common method of direct marketing networks is junk emails. This is where the marketer will send junk mails regarding their new CD’s or any other product. These mails are of the posted forms. Leaflets could also be sent through this method. The other type of a direct marketing network is the form of telemarketing. This is where the marketer directly calls the customer and promotes the product or service. Then you have email marketing and voice mail marketing as well. These forms are also commonly used in direct marketing networks available today. Some other lesser know forms such as door to door marketing are also involved, which will take more investment on the marketer therefore getting less attention from organizations.

With all the pros and cones from both the organizational aspects and customer aspects, direct marketing networks have increased and expanded in their sizes and are somewhat been able to make an impact in the business world today.

Purchasing a Direct Marketing Mailing List Will Increase Your Company’s Sales

A direct marketing list is a great option to when it comes to growing your business. It is proven that purchasing a direct marketing mailing list will increase your company’s sales. This form of marketing allows you to target your message to people that will have an interest in your product or service. It also allows you to easily focus your marketing efforts to the audience of your choice, whether you are using direct mail, telemarketing and/or email marketing. You can purchase your direct marketing list from any list broker or compiler.

Prior to purchasing a direct marketing list, you will want to gather exact who you want to target and where you want your target to be. You can supply zip codes, counties, states or have a distance radius ran from your location. Along with your geography, you need to come up with your ideal customer. Even if your ideal customer is very specific, it is good to start as specific as possible and work backwards from there.

There are quite a few different direct marketing lists available. These include:

Business Mailing List – this list is able to be targeted by industry, sales volume, employee sizes, and more. It also allows you to target specific decision makers by title within each organization. The database can include business name, address, phone number, contact name and title and more.

Residential Consumer List – this file would be targeting people at their home address. There are many ways to create a targeted consumer list including age, income, gender, and more. You also have the option of simply targeting everyone within a specific geography.

Home Owner Mortgage List- this database would include all individuals that own there home. The majority of this file comes from county tax offices and is selectable by mortgage information including year home was purchased, home value, interest rate, interest rate type and more.

New Movers List – this file is comprised of people that have newly move into an area. This is selectable by anyone moving into an area and can be further segmented into new home owners and new mover renters.

Specialty List – these records would include magazine subscribers, specific professional titles, and other databases created through online surveys and more.