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2 Ideas for Profitable Prospecting

January 7, 2009 By Hallie Mummert, Editor-in-chief, Target Marketing
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On the lookout for prospects that resemble your best customers or another coveted segment? Consider the following approaches from Javelin Direct's Eric Tolkin, executive vice president, director of client services and CMO; and Mark Niehaus, director of interactive solutions.

Leverage third-party data. Not only can data enhancement help you build a robust best-customer profile, but it can assist in tracking down more specialized segments. For example, Tolkin and Niehaus point to a cruise line with ocean-view rooms available on 10 different sailings; third-party data can help identify people who fit the profile of prospects most likely to buy ocean-view rooms on a cruise.

Prospect in your best customers' neighborhoods. As Tolkin and Niehaus emphasize, birds of a feather flock together, and so your prospecting efforts could be bolstered by your best customers' word of mouth. Numerous data products with street-level mapping tools rolled out this past year, allowing marketers that sell considered purchases the ability to market into areas with high concentrations of best customers.


 

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Most Recent Comments:
Richard Hren - Posted on January 07, 2009
I am constantly amazed at our collective ability to rediscover ancient marketing truths and react as if we have unearthed a new mother-lode of gold.

I believe that these two ideas were already firmly established when I first became involved with database marketing.. oh, sometimein the early 80's.

Not to say that we should abandon them, but we should recognize that basic core competencies and entry-level capabilities, are neither best-practices nor revolutionary new approaches.

Good tried and true methods can still deliver stellar results.

Click here to view archived comments...
Archived Comments:
Richard Hren - Posted on January 07, 2009
I am constantly amazed at our collective ability to rediscover ancient marketing truths and react as if we have unearthed a new mother-lode of gold.

I believe that these two ideas were already firmly established when I first became involved with database marketing.. oh, sometimein the early 80's.

Not to say that we should abandon them, but we should recognize that basic core competencies and entry-level capabilities, are neither best-practices nor revolutionary new approaches.

Good tried and true methods can still deliver stellar results.