BMM Ch 17 – Flashcard
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Forms of Direct Marketing (8)
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1. Personal selling 2. Direct-mail marketing 3. Catalog marketing 4. Telephone marketing 5. Direct-response television marketing 6. Kiosk marketing 7. New digital direct marketing technologies 8. Online marketing
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Direct Mail Marketing
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Involves sending an offer, announcement, reminder, or other item to a person at a physical or virtual address. Characteristics: • Well suited to direct, one-to-one communication • Permits high target-market selectivity • Can be personalized • Is flexible • Allows easy measurement of results • Costs more than mass media per thousand people reached, but the people reached are much better prospects
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Catalog Marketing
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Used to be defined as a printed, bound piece of at least eight pages, selling multiple products, and offering a direct ordering mechanism. With Internet, more and more catalogs are going digital. A variety of Web-only catalogers have emerged, and most print catalogers have added Web-based catalogs.
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Telephone Marketing
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Involves using the telephone to sell directly to consumers and business customers. -Big in business to business sales
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Direct-response television marketing takes one of two major forms:
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1. Direct-response television advertising (DRTV) is television spots which describe a product and give customers a toll-free number or Web site for ordering. Viewers can watch 30-minute or longer advertising programs are called infomercials. 2. Home shopping channels are television programs or entire channels dedicated to selling goods and services.
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Kiosk Marketing
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Information and ordering machines
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New Digital Direct Marketing Technologies
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Podcasts and Vodcasts Mobile Phone Marketing (increase from 3.1 bill in advertising expenditures to 28 bill in 2013) Interactive TV (ITV)
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Online Marketing
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Four Major Domains: Business to Consumer (B-to-C) Business to Business (B-to-B) Consumer to Consumer (C-to-C) =occurs when consumers communicate with companies. (ex consumer online feedback) Consumer to Business (C-to-B) Fastest growing form of direct marketing -Click only companies = operate only on the internet -Click and mortar companies = Retailers who have both traditional store fronts and online interfaces
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Types of websites
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Marketing Web Site= These sites engage consumers in an interaction that will move them closer to a direct purchase or other marketing outcome. Corporate (or brand) web sites are the most basic= These sites are designed to build customer goodwill, collect customer feedback, and supplement other sales channels.
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Forms of online advertising
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The major forms include: • Search-related ads (largest form - 48%) • Display ads • Online classifieds Total U.S. Internet advertising spending reached an estimated $24.6 billion last year and is expected to top $34 billion by 2014, making it the second-largest medium behind only TV.
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Viral marketing
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Internet version of word-of-mouth marketing. Viral marketing involves creating a Web site plus a video, an e-mail or a cell phone message, advertisement, or other marketing event that is so infectious that customers will want to pass it along to their friends.
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Online social networks or Web communities
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Web sites that give consumers online places to congregate, socialize, and exchange views and information (examples include Facebook, YouTube, and Twitter).
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TRUSTe
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a nonprofit self-regulatory organization that works with many large corporate sponsors to audit companies' privacy and security measures and help consumers navigate the Web safely
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Spam
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The unsolicited, unwanted commercial e-mail messages that clog up e mailboxes
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permission-based e-mail marketing
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sending e-mail pitches only to customers who "opt in."
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Rich media
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Ads incorporating animation, video, sound, and interactivity.
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Business-to-business (B-to-B) online marketing
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Using online resources to reach new business customers, serve current customers more effectively, and obtain buying efficiencies and better prices. The internet now influences about 42% of online sales