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CRM _ 1to1 marketing _On Line Marketing _Permission Marketing

CRM _ 1to1 marketing _On Line Marketing _Permission Marketing. Şule Özmen Week 7. Agenda. Importance and value of the customer How to increase the value of customer Relationship and 1to1 marketing involves.. On Line Marketing E-Mail marketing Permission Marketing.

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CRM _ 1to1 marketing _On Line Marketing _Permission Marketing

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  1. CRM _1to1 marketing_On Line Marketing_Permission Marketing Şule Özmen Week 7

  2. Agenda • Importance and value of the customer • How to increase the value of customer • Relationship and 1to1 marketing involves.. • On Line Marketing • E-Mail marketing • Permission Marketing

  3. Long term value of a company depends on the value of the customer • Customer base is an asset for a company Identify most valuable customer Identify most growable customer Identifiy below zero customers • Information about how much the customer spends to what • Information about their loyalty • Information about their feedback

  4. How to increase the value of your company’s customer • While acquiring your customer • Get the profitable customer in. • While retaining your customer • Keep profitable customer longer • Eliminate unprofitable customer • Grow your customer by • Upselling additional products • Cross selling other products

  5. Relationship involves • Relationship involves interaction in both ways • Relationship involves trust like marriage • Relationships are iterative • A context between buyer and seller develops over time and relationship matures • Marketers should continously recover from mistakes in iterative relationship • Interaction in relationship drives change in behavior

  6. 1to1 Marketing involves • Interaction • Individual customer • Individualized • Incentive • Message • Distribuiton • Offering tailored products instead of standard products • Aims to retain profitabe customer rather than to attract all the anonymous customers

  7. On line marketing • Form of direct marketing • Immeadiate • Customized • Interactive • On line marketing channels are • Advertisement banners and links • E-mail and webcasting • Electronic storefront • Participating and sponsoring forums

  8. E-Mail as promotional device • E-mail is a powerful promotional device • Direct communication • Interactive • Lower cost • Allows you targeting qualified lead • Facilitate to interact with the customer and build a 1to1 relationship

  9. E-Mail Design and Content • E-mail can be designed for various purposes and in different contents. • E-mail customer contact cycle • Opt in opt out

  10. E-mail customer contact cycle -1 • Send compelling messages • Keep the message content short • Get to the point (don’t make recipients figure it out for themselves) • Give people an incentive to buy • Include a 'call to action'

  11. E-mail customer contact cycle -2 • Be ready for the questions of prospects • Don't expect your e-mail campaign to work miracles and set reasonable goals • Test, test and test again

  12. Opt-in Opt-out • "Opt-in" means that an Internet user has voluntarily requested toreceive commercial email messages on topics of interest • “Opt-out", means that an internet user is able to getoff the list on request, at any time. • The mail list for e-mail marketing should not be a spam list

  13. Permission marketing by Seth Godin* • Permission marketing is the alternative of Interruption marketing which is the traditional marketing approach. • Permission marketing is asking for permission to customers • Permission is an investment • Permission marketing is like a marriage *First 4 Chapters of the book is received from setgodin.com web page and linked as the doc. file of this week’s lecture notes

  14. Permission marketing • Five Steps to Dating Your Customer1. Offer the prospect an incentive to volunteer2. Offer a curriculum over time, teaching the consumer about your product or service3. Reinforce the incentive to guarantee that the prospect maintains the permission4. Offer additional incentives to get even more permission from the consumer5. Over time, leverage the permission to change consumer behavior towards profits

  15. What is next? • You have a reading assignment this week.Please read the doc file which is the first few chapters of Permission Marketing by Seth Godin. • You can also visit some sites related with the lecture topics • http://www.1to1.com • http://www.setgodin.com • http://crmguru.com • http://www.messagemarketer.com (Turkish Site) • http://w3.netcreations.com/main?page=company • After reading the document and examining the sites we will discuss it in forum.

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