chapter sixteen Relationship Building: Direct Marketing, Personal Selling, and Sales Promotion McGraw-Hill/Irwin Essentials of Contemporary Advertising Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved. Objectives_1 Discuss the importance of relationship marketing and IMC Define direct marketing and discuss its role in IMC Explain the importance of databases to direct marketers Discuss the role of personal selling in an IMC program 16-2 Objectives_2 Describe the advantages and drawbacks of personal selling Define sales promotion and discuss its importance as a communications tool Identify the benefits and drawbacks of sales promotion Explain the difference between push and pull strategies 16-3 Direct Marketing Any direct communication to a consumer or business recipient that is designed to generate a response in the form of an order, a request for further information, and/or a visit to a store or other place of business for the purchase of a specific product(s) or services. 16-4 Largest Direct-Response Agencies Draft Worldwide Rapp Collins Wunderman Ogilvy One McCann Relationship Marketing Brann Grey Direct Targetbase Marketing Devon Direct Protocol Marketing Services 16-5 Database Marketing The development and maintenance of a data pool on current and prospective customers used to target, segment, and grade customers 16-6 Databases and Direct Marketing Enables calculation of customer lifetime value Utilizes loyalty programs to build customer relationships Includes response to offers and offer details as new data points in database Enables use of RFM formula to identify best customers 16-7 Exhibit 16-2 RFM Formula The RFM formula is a model that provides marketers with a method for determining the most valuable customers in a database based on recency, frequency, and monetary value. The larger a customer’s cumulative point score, the more likely they are to make additional purchases. 16-8 Advantages of Direct Marketing Development of a good database Relationship approach to marketing Segmentation Highly targeted messages Accountability Measurability Efficient Unlikely to draw competitive attention 16-9 Drawbacks to Direct Marketing Bad reputation No physical store experience Lack of prestige associated with medium Cost per contact Clutter Privacy concerns Lack of information control for consumers 16-10 Types of Direct Response Advertising Direct Mail Interactive Broadcast Catalog Sales Print 16-11 Profile of Buyers from Infomercials Female Middle aged Caucasian Employed full-time Married with children Suburbanite $55,000 mean household income 16-12 Personal Selling The interpersonal communication process by which a seller ascertains and then satisfies the needs of a buyer to the mutual, long-term benefit of both parties 16-13 Advantages of Personal Selling Personal nature Persuasion power Ability to deal with objections Instant feedback Tailored marketing messages Demonstration ability Relationship-based Ability to ask for the close Effectiveness 16-14 Drawbacks of Personal Selling Labor intensive High cost per contact Low reach Few economies of scale Poor reputation Dependence upon salespeople 16-15 Functions of Salespeople Information Gathering Information Providing Order Fulfillment Relationship Building 16-16 Sales Promotion A direct inducement that offers an incentive anywhere along the marketing route to enhance or accelerate the product’s movement from producer to consumer 16-17 Sales Promotion Elements May be used anywhere in the marketing channel (trade and consumer) Involves a direct inducement for the target to take some specific action Designed to change the timing of a purchase or to shift inventory another channel member Used as a value-added tool 16-18 Effective Sales Promotions Set specific objectives Set a relevant theme Involve the trade Coordinate with campaign Understand roles of basic techniques Use simple copy Use contemporary graphics Clearly communicate concept Pretest and measure response Reinforce brand message and image 16-19 Sales Promotion Strategies Push Strategy Producer Marketing communications Marketing communications Producer Reseller Marketing communications End user Pull Strategy Request product Reseller Request product End user 16-20 Types of Trade Sales Promotions Slotting allowances Trade deals Display allowances Buyback allowances Ad allowances Co-op advertising Dealer premiums Conventions/ meetings 16-21 Types of Consumer Sales Promotions POP materials Coupons Convenience cards Cents-off promotions Refunds/rebates Premiums Sampling Combination offers Contests/sweepstakes 16-22 Key Terms_1 Advertising allowance Buyback allowance Catalog Cents-off promotion Combination offer Company convention Consumer sales promotion Contest Convenience card Cooperative advertising Coupon Customer lifetime value 16-23 Key Terms_2 Database Database marketing Database management Database query Dealer meeting Direct marketing Direct-response advertising Direct sales Direct selling Display allowance Diverting Electronic coupon Forward buying 16-24 Key Terms_3 Freestanding inserts Game In-store sampling Linkage media Loyalty program Personal selling Point-of-purchase materials Polybagging Premium Pull strategies Push money Push strategies Rebate RFM formula Sales promotion 16-25 Key Terms_4 Sampling Slippage Slotting allowance Spiff Sweepstakes Telemarketing Trade advertising Trade concentration Trade deal Trade promotion 16-26