Direct marketing, Marketing Management

Assignment Help:

DIRECT MARKETING:

Meaning: direct marketing (DM) is the process by which a firm approaches its customers on one to one basis and markets its products directly to them. In conventional marketing a firm approaches the customer on a mass basic and sells to them directly.direct marketing association of USA has defined direct marketing as "an interactive system of marketing which uses one or more advertising media to effect a measurable response  and\or transaction at any location.an analysis of this definition brings out three key elements namely.

1. interactive system: it is an interactive system in the sense that there is a two way communication between the marketer and his\her target market. The response or non response of the customer completes the communication loop in the direct marketing programme. For example when the customer fills in the response coupon in an advertisement or a catalogue and mails it he\she communicates to the marketer and hence complets the communication loop.

2. Measurability of response: another element is measurability of response as mentioned above the number of coupons received indicates the response rate to the marketer's communication.

3. Transaction at any location: direct marketing activities are not location specific it is not necessary for the customer to physically interact with the marketer he\she can establish a contact through mail phone fax or the internet.


Related Discussions:- Direct marketing

Public relations practitioners, Question : (a) "There are those-usually...

Question : (a) "There are those-usually who have never experienced a crisis- who say that planning for a crisis is a waste of time because it is planning for something that wil

Media Plan., Assessment 2 Written or Oral Questions Base on Samsung Sliding...

Assessment 2 Written or Oral Questions Base on Samsung Sliding PC 7 Series. 1. What are the different media which you propose to choose & why? 2. Mention the budget allocation for

Importance of the positioning, Importance of the positioning or why positio...

Importance of the positioning or why positioning: 1.       To create a distinctive place of a product or service in the minds of potential customers. 2.       To provide a c

Marketing, Read the journal article Lafferty, B. A., & Hult, G. T. M. (2001...

Read the journal article Lafferty, B. A., & Hult, G. T. M. (2001) ‘A synthesis of contemporary market orientation perspectives’, European Journal of Marketing, 35 (1/2), pp. 92–109

Value and satisfaction, Value and Satisfaction Customer value: it is t...

Value and Satisfaction Customer value: it is the difference between the values that the customer achieves from owning and by using a product and the costs of getting the produ

Compute average stock, The following ratios have been compiled relating to ...

The following ratios have been compiled relating to Prince Corporation for the year ended 31st December 2009 together with comparative figures of the average industry. Addi

Identify the brand personality , Parker pens are probably the most extensiv...

Parker pens are probably the most extensively chronicled and avidly collected of vintage pens, and it is easy to see why. Few other pen manufacturers have exhibited such consistent

Write a report on swot analyses for the company, According to the MCCI Busi...

According to the MCCI Business Confidence Indicator (September 2010), the morale of business leaders is morose with a drop to 96.3 of the confidence level index(March 2010=100)

Enumerate about the two stage channel of distribution, Two stage channel of...

Two stage channel of distribution   This is the most commonly used channel of distribution for the sale of consumer goods. In this case, there are two middlemen used, n

Match supply with demand in a profitable manner, Question: By the early 70'...

Question: By the early 70's you realised the market for toys in the US is about to change. What strategies would you recommend for the future (next 10 years) in terms of new produc

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd