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Basic Methods of Marketing
Even though
there are many different forms of advertising,
it boils down to two basic methods: direct
response or image.
Most companies believe
that direct response is the only method you
would ever want to use, period, unless you're
Nike or McDonalds and have spent many millions
on building your brand. Image advertising, many
think, is a great waste of both time and money.
Examples of image advertising include soft,
feel-good ads that link the production of
chemicals with the beauty of nature, white doves
with the cost of funerals, eternal life with
soap, and car dealership financial specialists
smiling while shaking hands with a happy,
satisfied customer. It won't work, some say;
stay clear.
Direct response, on the other hand, is a call to
action. It may be a time-limited pizza coupon,
haircut special, or oil change discount. It is
designed to send consumers running to your front
door, cash in hand. The offer has to be
exceptional, or at least very good, and targeted
to the right consumers. It has to contain an
original selling proposition and be attractive
enough to draw interest.
Direct response is inherently fast. It is also
quickly measurable. You know right away if you
got it right. You don’t have to wait until some
indeterminate point in the future to find out
how it went. Whether a coupon arrives by e-mail,
snail mail, or some other method of
distribution, you either have new customers or
you don't. You can test your message on small
groups and take immediate corrective action if
something you’re doing isn't working. You don’t
have to waste a lot of time or money.
The process in direct response advertising is to
plan, execute, test, and refine. The wrong
message to the wrong audience in a direct mail
or e-mail campaign can result in a 0 to 1
percent response rate, but a well-planned and
implemented campaign can get a 10 percent
response rate or higher. You can go where the
results are higher by starting with a strong
direct response marketing campaign and you’ll
see a significant increase in your bottom line.
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