Analyze This – Why Using Analytics With Direct Marketing is a Smart Idea

Does your company gamble with your direct marketing strategy? Do you have any idea if you are connecting with the right customers or is it all a crap shoot? If you are not sure exactly how your direct marketing idea is working, implement an analytics program.

Web analytics requires a long view providing a memory of how your site performed on a given day. Precise, proficient analysis of your web presence is essential to be competitive in your specific market. The association between your website and a search engine must be measured and re-measured against strategic performance indicators. Direct marketing benefits from using this tool.

Web analytics is the process of tracking and improving the measurable results of any website marketing program. The idea is for analytics in helping to understand where traffic comes from, where they go, and more importantly the company’s return on investment (ROI). Otherwise you are simply wasting your money.

The Getaway Bed and Breakfast is a perfect example of how to use analytics to direct their marketing in the most efficient way. At first the idea of spending a lot of time going over even more reports was crushing to the management of the organization. Unfortunately for The Getaway, previous marketing campaigns had lukewarm results at best. Something needed to be done.

Their direct marketing was based on informing all and sundry about the amazing amenities and plentiful services the B&B had to offer. That type of marketing only succeeded in information overload. Instead of concentrating their advertising efforts on one or two areas at a time drawing in the most reservations, The Getaway tossed it all in the air hoping something would come up a winner.

After instigating a proper web analytics program, management found that the web page visited most frequently concerned romantic weekend packages. Repeat visitors were more apt to be from the northeast. Keyword searches were practically non-existent indicating they were choosing the wrong ones. Click-through rates were a shocking.08%. All this information and a lot more confirmed that the direct marketing The Getaway was using was ineffectual. They needed new ideas.

By combining testing and analytics, The Getaway was eventually triumphant in seeing a profitable return on investment with their new direct marketing ideas. They were no longer gambling with their marketing budget but instead using every cent wisely.

When it comes to implementing a marketing campaign or strategy, marketers want to know if the websites being used are attracting visitors and whether or not the investment is paying off. With web analytics, you can identify website trends and direct your marketing ideas with the right course of action. You will also understand how visitors interact with your website. You can identify the navigational bottlenecks that prevent visitors from completing your conversion goals.
Successful analytics happens only with careful planning, timely execution, persistent monitoring, and ongoing improvement of the results you achieve.

Next time you set up a website, remember not to gamble your company’s future business like you would a game of chance. Guarantee yourself a win by using analytics software.

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.

Stock Market Strategies – 3 Great Ways to Get the Edge on the Market

When it comes to share market investing, many traders are only familiar with the old “Buy and Hold”‘ strategy. Little do they know that there are many Stock Market Strategies that can be easily learnt, that can increase their probability of success in the share market.

Whether you are an investor or a speculator of the share market, below are some handy stock market strategies that can improve your overall performance.

Market Timing Strategies

Timing the share market is a strategy that’s purpose is to identify ideal times to invest money in the share market, to buy stock and when to sell. It is true that if the overall share market is strongly trending, that your probability of successfully investing your capital in a stock which is also strongly trend is much greater.

By investing your money in the share market during conducive market conditions and preserving your capital when the market conditions are not, it stands to reason that you can side step some costly trading losses and greatly increase your overall profits.

Stock Option Strategies

One way that a stock trader can either increase or decrease the leverage and risk in his/her trading investments, is to use Stock Option Strategies. One misconception of options is that they are a risky investment because of the leverage they can provide. But the truth is stock options were originally created to remove some of the risk involve in holding stock, and if used correct, they certainly do provide that.

A trader can choose from a range of option combinations, or stock and option combinations, for a range of desired effects. Depending on which option strategy chosen, a trader has the ability profit when the asset rises in value, remains the same or declines in value. There are also stock option strategies to protected the value of your stock assets.

Stock Market Investment Strategies

There are many stock market investment strategies that a trader can use to both take advantage of conducive market conditions, and also to preserve investment capital. Some of the more common strategies are:

  • Portfolio Management Strategies > Capital Allocation, Portfolio Diversification.
  • Position Entry Strategies > Progressive Position Entry, Re-test Entry.
  • Position Management Strategies > Profit Taking Strategies, Free Trade Strategies
  • Position Exit Strategies > Stop Loss, Systems Exit.

Choosing the Right Strategies