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

What are the strategic benefits in e-commerce, What are the strategic benef...

What are the strategic benefits in e-commerce? Strategic Benefits: This helps to reduce labour cost and delivery time and also the cost incurred within the given areas:

Shopperstop, draw the Typical Profiles Of Shoppers Stop Customer Segments ....

draw the Typical Profiles Of Shoppers Stop Customer Segments .

Describe the importance of television advertising, Question 1: The term...

Question 1: The term "Below the Line Media" refers to the non-commission paying advertising media like direct mail, sales literature, point of sale display material, exhibition

Define the concept of marketing information system, Define the concept of M...

Define the concept of Marketing Information System. Meaning of Marketing Information System : Marketing Information system is systems which consist of people, procedu

Buying situation, #questexplain buying situation change in the purchase of ...

#questexplain buying situation change in the purchase of following products and services ?a computer system ion..

What are the three stage channel of distribution, Three stage channel of di...

Three stage channel of distribution When number of wholesalers used is large and they are scattered throughout the country, manufacturers often use the services of mercant

Value delivery process, What is difference between value proposition and po...

What is difference between value proposition and positioning

Explain bases for market segmentation, Question 1: (a) What is "consum...

Question 1: (a) What is "consumer behavior"? (b) List 7 characteristics of consumer behavior. Question 2: (a) Define "market segmentation". (b) List 4 bases for m

Calculus, a) Use the simplified difference quotient method to find g''(x) f...

a) Use the simplified difference quotient method to find g''(x) for g(x)= (2)/(1+2x) b) Determine an equation for the tangent line to the graph of g in part a) at x=0 c) Give th

What is residual or affordable method, Q. What is Residual or Affordable Me...

Q. What is Residual or Affordable Method? Affordable Method: - This method is as well known as all you can afford, Residual Method, Available-fund-Approach. As the company do

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