BMM Ch 17 – Flashcard

Unlock all answers in this set

Unlock answers
question
Forms of Direct Marketing (8)
answer
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
question
Direct Mail Marketing
answer
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
question
Catalog Marketing
answer
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.
question
Telephone Marketing
answer
Involves using the telephone to sell directly to consumers and business customers. -Big in business to business sales
question
Direct-response television marketing takes one of two major forms:
answer
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.
question
Kiosk Marketing
answer
Information and ordering machines
question
New Digital Direct Marketing Technologies
answer
Podcasts and Vodcasts Mobile Phone Marketing (increase from 3.1 bill in advertising expenditures to 28 bill in 2013) Interactive TV (ITV)
question
Online Marketing
answer
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
question
Types of websites
answer
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.
question
Forms of online advertising
answer
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.
question
Viral marketing
answer
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.
question
Online social networks or Web communities
answer
Web sites that give consumers online places to congregate, socialize, and exchange views and information (examples include Facebook, YouTube, and Twitter).
question
TRUSTe
answer
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
question
Spam
answer
The unsolicited, unwanted commercial e-mail messages that clog up e mailboxes
question
permission-based e-mail marketing
answer
sending e-mail pitches only to customers who "opt in."
question
Rich media
answer
Ads incorporating animation, video, sound, and interactivity.
question
Business-to-business (B-to-B) online marketing
answer
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
Get an explanation on any task
Get unstuck with the help of our AI assistant in seconds
New