Online School Funding Services

October 4, 2019

Online School is the Best Way to Start a Career in HVAC

Online HVAC Training School
Online HVAC Training School. Student studying online. Taking HVAC courses over the internet.

HVAC service-related businesses are some of the most rapidly growing across the country. If you want to start your career as a heating, air-conditioning, ventilation, or even refrigeration specialist, it makes sense to find the best online training for Heating, Ventilating and Air Conditioning that exists.

Why is Internet HVAC School the Best Idea?

Many training centers and community colleges have trade school educational programs. However, these are often cost-prohibitive, held at inconvenient hours, and require considerable disruption to your existing lifestyle. Some people may suggest that online training for HVAC does not provide the same level of education. However, they would be quite wrong. With the right cyber school, you get in-depth and virtually hands-on training about all of the latest equipment, tools, regulations, and requirements to start your new career.

Convenience and Cost Top the List

When it comes to figuring out why online training for HVAC is your best option, the two factors that people go back to again and again includes the high degree of convenience and the relatively low costs when compared with other options.

Internet school gives you the opportunity to study when you are available. The detailed classwork and interactive lessons are there when you are free to concentrate on them fully. You never have to change your work hours, miss special times with your family, or rearrange your schedule extensively to drive to a brick and mortar classroom. All you have to do is sit down in front of your computer and get started.

The cost of attending virtual trade classes makes it possible for you to launch a new and more lucrative career without spending money. In many cases, financial aid or payment plans are available, too. No one wants extensive college or training debt these days, so why not choose a more affordable option? Also, remember that an off-line class also requires you to pay for transportation, possibly meals out due to scheduling issues, and other things that all add up.

Online Training for HVAC Covers It All

Through the power of interactive online coursework, you get both an informational and practical education that covers everything you need to know about getting a job at a heating, air-conditioning company, and related service trades. With these properly designed training sessions, you do not miss out on any of the things you need to know and understand to do the job well in the future.

Online learning offers a wealth of benefits and opportunity for people who are eager to start a new career in HVAC. Forget expensive and inconvenient college or commercial school classes. Enjoy the always available, easily affordable, and comprehensive education you can find with the best Internet training school possible.

September 13, 2009

Timing Your School Promotion to Optimize Success

Filed under: Marketing,Promotion,school — House @ 4:22 am

Each year school marketers are challenged with scheduling the timing and frequency of promotions that will increase their chances of reaching educators at just the right time to buy their products. While it is difficult to cut all promotional timing from the same cloth, there are some time-tested strategies that education marketers can employ to optimize success.

School Budget Cycles

First let’s talk about the three major time periods in the school market. They are linked to established buying cycles that are usually put into three distinct seasons.

Fall (August – November) – As the new school year begins, teachers often look for materials that will help them support their lesson plans. It is important that education companies are prominent in teachers’ minds as they plan out their school year. In my personal experience of selling educational video and software products, this was a critical time to boost “on-approval” orders to create a healthy sales pipeline for the school year.
Winter (January – March) – This is a time of year when several key buying trends take place. School budgets are being prepared for school board approval, teachers are planning second-half activities, and leftover money is being reviewed. Clearly, this is an important time to be in front of your customers to take advantage of the upcoming end-of-year spending as well as be included in the following fiscal year’s spending plans.
Spring (April – June) – During this period, schools often distribute leftover money for administrators and teachers to spend on supplemental materials and replacement items. In fact, April and May are typically the two busiest months of the year for teachers to submit purchase requests. Because many buying decisions are often made in the spring, this is a great time for marketers to promote year-end specials. Marketers with the right product mix can really benefit from increased marketing output during this all-important spending period.
Timing Your Promotions With School Open and Close Dates

Marketers should consider timing direct mail drop dates with actual school start dates. This will prevent promotions from being in the first-day pile if mailed too early, as well as arriving several weeks late and missing important sales opportunities. Marketers also want to be aware of school closing dates to make sure they time spring promotions appropriately and take full advantage of the important spring buying season. End-of-school-year specials can also be effective since many schools must spend leftover money by the end of their fiscal year. School open/close date information is readily available from school list providers and can easily be coded to make staggering drop dates easy for your mail house to execute.

Synchronizing Your E-Mail Campaigns With Your Direct Mail to Optimize
Response Rates

It’s been well established that marketers can significantly increase response rates by employing a multi-channel marketing approach. By highlighting special offers, new products, and increasing awareness of your forthcoming catalog in an e-mail message, you can pique the interest of potential customers to be on the lookout for your promotion piece. This approach can be used to customize incentives to various customer segments. For example, e-mail a coupon for a free gift to your best customers or offer prospects a special discount for first-time orders. You can also follow up with a second e-mail reminder about an offer deadline or promote a last-minute special.

Special Timing Opportunities

A process that often pays dividends for school marketers is to look for products that link to specific holidays and known curriculum events. Examples of these are Veterans Day, Black History Month, Thanksgiving, Halloween, Columbus Day, and Election Day. Developing targeted promotions that tie to these specific holidays will likely lift response rates if timed properly.

School Marketing During the Summer?

Many marketers aren’t aware that they can reach educators at home over the summer via direct mail. The summer provides a great opportunity to promote a wide range of products before the school year begins and when teachers have time to read about and review new products. Educators at home lists that target educators by job function, grade level, and even the type of products they have purchased in the past are readily available. Also, many district administrators work during the summer months. So if you sell your product to district-level personnel, the July/August time frame can be a great time to send special promotions. As with any promotional campaign, individual marketers need to test timing and offers and make future decisions based on their specific results. The better marketers are at tracking their direct mail results, the better they will be at eliminating waste and building upon their success.

Educational E-Marketer’s Guide to Working Effectively With Outlook 2003

Filed under: E-Marketer,Educational,mdrdbs,school — House @ 4:18 am

By Christopher Ziemnicki, MDR Analytical and Data Services Product Manager

Outlook 2003 has been available since late 2002 and has gained significant market share. Increasingly, schools and businesses are upgrading their software, and Outlook 2003 is now a force that educational marketers must be ready to deal with when sending e-mail promotions.

When Outlook 2003 first surfaced with a new feature that automatically prevents graphics from being downloaded when an HTML e-mail from an unknown sender is opened, a lot of people in the e-mail marketing space sat up and took notice. The obvious concern: This was going to decrease open rates and dilute the marketing message, thus affecting conversion rates as well.

Right from the start, a number of strategies were devised, and best practices were created to address the issue. The industry as a whole showed that it could meet the challenge. So why is it today, over two years later, that so many marketers are not dealing with the issue?
Answering the doorbell to find no one there—don’t let this happen to your message!

Click here to view larger image.

Getting Your Message Across

E-mail marketers have a lot to consider when planning a campaign—the list selection, the offer, the associated Web landing pages, the subject line, the “from” line, and more. With all that to tackle, many marketers scramble to get their message content (i.e., text and graphics) created leaving little time to think about how the message will look and work in Outlook 2003.

Let’s step back for a moment. What is the issue with Outlook 2003? When installed with its default settings, Outlook 2003 automatically blocks the downloading of images when an HTML e-mail from an unknown sender (an e-mail address or domain that is not in the recipients’ address book or on their “safe senders” list) is opened. Instead of the actual image, the recipient sees a box outline of the image with Outlook-inserted text explaining how to view images, followed by the image description tag (a technical HTML term) if one exists. See the example below:

The image box size and spacing varies, depending on how the HTML e-mail is formatted, the use of tables, and image-size specifications. What was once a very well laid-out and attractive message is now misshapen, misaligned, nearly impossible to read, and missing all of its images.

Myth Revealed: But you may ask, “I created a multi-part message, won’t my text version appear if Outlook 2003 blocks the images from being downloaded?”

Answer: No. This action to block the image downloading by Outlook 2003 has nothing to do with it “auto-sensing” and displaying HTML or text. Outlook 2003 is displaying the HTML version of your creative, so your text version—if you have one—is not going to be seen.

Steps to Combat the Outlook 2003 Issue

Many solutions to the Outlook 2003 issue center around building a relationship with your recipient so they expect your e-mail and take action to make sure that they can view it correctly. You may want to instruct them how to add the domain or e-mail address to their safe list or address book as this will solve the Outlook 2003 issue and help your e-mails get past their spam filters consistently.

While the stragegy described above usually works best when you have some type of relationship with your customer, what should you do if you are using e-mail to prospect new customers?

It all starts with the creative. The number one culprit and contributor to the Outlook 2003 issue are message creatives that rely on a graphic-centric presentation, especially those that are repurposed print or Web site creatives rather than HTML e-mails created from the ground up.

You’ve been hearing about the benefits of creating HTML messages from scratch for some time. But many marketers still use an existing creative and repurpose it into a graphic-centric e-mail creative. This is the critical design flaw that creates the Outlook 2003 disconnect; when the graphics are turned off, the message cannot stand on its own. For this reason alone, in my opinion, it is well worth the extra time and effort to design an optimized-HTML creative.

Admittedly, there are some marketers who argue that their graphic-rich HTML presentation looks much better than an e-mail message that uses text with a few supporting graphics. They accept the risk that there will be a percentage of recipients who will not see the image-rich message with Outlook 2003. I do not believe this to be true. As good as full-image creatives look, with thoughtful design you can craft HTML text/graphic messages that look appealing and will perform better across all users whether the graphics are turned on or off.

Tips to help you survive the Outlook 2003 “no image” issue:

1.Design your e-mail creative from the ground up—do not rely on a graphic-centric presentation to convey your message.
2.Keep your value proposition concise. Place it at the top of the message in text so that even without images, your message will still impact the reader and hopefully prompt them to turn on the graphics.
3.Host the e-mail creative locally on your server. Include a link at the very top of your message that uses the following description: “Click here if you are having trouble viewing this message.” This link will open up the identical HTML message hosted on your server in their Web browser unfettered by Outlook 2003.
4.Optimize your HTML layout to keep the formatting intact with the images turned off (such as setting images sizes, etc.).
5.Use the image description tags to either identify yourself (i.e., a brand lead) or give a clear, concise reason to turn the graphics on.
6.Always test your messages by sending them to a computer running Outlook 2003 with the images turned off so you can preview them prior to deployment.
No images—no problem! Example of a great-looking e-mail sans the images.

Click here to view larger image.

Designing your messages without considering Outlook’s 2003 “no-image issue” is leaving money on the table. Here’s the bottom line: Your customer or prospect received your e-mail in their in-box, and they were compelled enough to open it, so you need to make sure you create a message that is effective whether or not they’re using Outlook 2003.

May 13, 2009

30 Tips in 60 Minutes to Boost Your Sales and Marketing

Filed under: Marketing,Sales — House @ 4:20 am

1. “You don’t have to be a Hollywood actor to role play.”: Kathleen Brantley or a Las Vegas headliner.

Make sure each and every message that your customer sees from you – promotional, sales, informational — focuses on how your product or service benefits them. Put yourself in your customer’s shoes and ask “what’s in it for me?”. Review your messaging and ask yourself – if I were an educator, why should I care about this? What does this do for me? How does this make my job easier? How does this allow me to do my job better? By taking this critically important step, you will always be demonstrating your value to both existing customers as well as prospects that you are trying to convert. (Topic: Value-added selling)

2. “Higher margins are a good thing” said Kevin Thompson, McNair CPA Accounting firm in Las Vegas.  “Simply put, the margin on selling a digital product is much higher than the sale of a similar physical product. Digital products cost nothing to print, require no warehouse space, do not need to be counted at inventory time, and are never shipped. They are also never damaged and returned by retailers.”
(Topic: Profit margins on digital product)

3. “(Selling) Process makes perfect.”: Dennis DeCock
Just as it’s difficult to achieve success unless you have a formal plan, you also have to have a process in place to manage the selling process in your organization. A sales plan, by channel, by product line or service, is essential to insuring that your sales operation will function smoothly and be in sync with your customers’ buying patterns. Include in the plan strategies for each channel, including whether you need to use direct sales reps (company employees or independent reps), third parties such as wholesalers, distributors, jobbers, etc., ecommerce on your website, and/or telemarketing. (Topic: Sales organization planning process)

4. “Eat 5 meals a day (You get to eat more often).”: Jim McVety
You’ll need to figure out a way to feed more information to your customers/prospects more often. Use multiple channels to multiply sales. Smart companies use a proper combination of inside sales, outside sales, forums, user conferences, webinars.
(Topic: Providing customers with information)

5. “What planet are we on anyway?”: Victoria Porras
The essential building blocks of a business are the skills, knowledge and courage of the explorer, the founder – the entrepreneur. The strength of the gravitational magnetism that holds these blocks in their right orbit is derived from the manner in which the entrepreneur positions the business within the perception of the market population. (Topic: Creating an atmosphere of trust)

6. “I can see clearly now.”: Lisa Schmucki
How much do you know about your customers? If you don’t have a clear picture, consider working with one of the education data providers to create a profile of your customer file. By matching your customer file against a data warehouse, you can develop a profile of your different market segments that is a powerful tool to identify specific market segments for more targeted marketing and sales campaigns.
(Topic: Creating customer profiles)

7. “Rome was not built in a day, nor is your customer list.”: Kathleen Brantley
It takes planning, commitment to that plan, and some hard work to create a truly powerful customer list. Once you do, it’s golden—it’s your bread and butter. It will always outperform other lists. Use a CRM system, identify and maintain important customer data such as products purchased, purchase date, purchase dollar amount, name and job function. Then use that data to identify purchasing patterns in order to both mine your customer file (e.g. cross sell, upsell) and to locate prospects that look like your customers. Segment the schools and districts according to their propensity to buy your products. Clean your list regularly using list hygiene software or a vendor who specializes in education data. (Topic: Creating a powerful customer list)

8. “Selling all or some.”: Kevin Davies
As digital products do not take up any warehouse or inventory space, selling variations of products is another way to generate additional revenue from the same material. Publishers can sell portions of books or compilations from a variety of books at little cost. Custom versions for large customers are also a unique opportunity in the area of digital distribution. (Topic: Digital product distribution)

9. “Good public relations can be (almost) free.”: Dennis DeCock
Develop your own “media or press list” of key personnel at educational trade magazines, educational newsletters, educator organizations in disciplines in which you operate, education editors at major city newspapers, key industry experts, key customers, and internal staff. Then create and distribute press releases on a frequent basis highlighting key events, awards, new products, etc. to this audience. Make sure the messages are newsworthy—magazines, newsletters and newspapers are always looking for good copy to fill pages. The cost: your marketing manager’s time (if you use email the cost is negligible), and some business letterhead and postage.
(Topic: Public relations/press releases)

10. “Yeah, I work out.”: Jim McVety
Successful sales organizations train their people, and give them a chance to exercise their selling skills on a regular basis. Being a former educator, or even a seasoned veteran, is not enough. Markets continue to change at a rapid pace, and the people we’re selling to seem to change just as fast. Invest in developing your sales and relationship people, and focus on Skills, Relationship Management, Presentations, and Coaching. (Topic: Sales organization training)

11. “Are we animal, vegetable or mineral-or just a lot of hot air?”: Victoria Porras
Developing product knowledge starts at home, but expands outward indefinitely. As important as self-knowledge (the big bang) is, product knowledge goes far beyond—far beyond our own story.
(Topic: Developing product knowledge)

12. “Add to your To Do List: Test new lists.”: Lisa Schmucki
It’s easy to keep going back to the same well, especially when it’s working. But in the education market there are many different resources: compiled lists, association lists, response databases, product buyers’ lists. There are a surprising number of unique names, even across comparable compiled databases. And always review all the segmentation options. Using a select that complements your customer profile, or a recency select, can make the difference between a profitable and unprofitable list. (Topic: List management)

13. “Come on in, the water is fine.”: Kathleen Brantley
If you have not already established an e-marketing strategy for your company, don’t wait. Not doing so will put you behind the curve. E-mail has been proven to work in the education market for a variety of applications including driving traffic to your website, creating leads for sales reps, creating brand awareness and generating orders. It is fast and cost effective and is great for a variety of offers. If you need help, go to MDR’s website and read our E-Marketing Techniques and Tips or contact your MDR rep and dive on in! (Topic: Developing an eMarketing strategy)

14. “Printing outside of the box”: Kevin Davies
Most print publications are restrained by the rule of four—you can only add pages four at a time. But digital products have no such limitations and as such, you can add single pages as required. Additional single pages can advertise other products and services from your company. Including these “extra” pages does not require you to sacrifice any of the other content found in the book. (Topic: Digital advertising)

15. “They want their independ(ence)ents.”: Dennis DeCock
If you have a small, niche’ product offering, if you know you can’t afford to establish and support a company employee sales rep operation, have a start up business, or have limited capital, an independent sales rep force may be the answer. Many educational publishers utilize independent sales reps for the obvious reasons—you only pay them if they sell something, there is very little overhead, and you don’t have to lay out large amounts of cash in the form of salaries, benefits, and bonuses up front. But beware; independents are called independents for a reason! You need to insure that you provide adequate financial incentives for them to spend the time selling your line; you need to provide ample promotional materials for them to distribute; effectively train them; and be prepared for them to want to operate totally on their own. (Topic: Sales force management)

16. “…like John Smith from Texas.”: Jim McVety
Politicians relate to voters by conveying global issues with very personal examples. Sales people need to do the same. Prospects want to know that the product is being used in a school they know personally, or in a setting they know looks and feels like their own. (Topic: Personalizing sales calls)

17. “Are we all extra-terrestrials?”: Victoria Porras
Using all our standard tools (doing our homework) to define the universe in which we do business, we discover the directional decisions we need to make. Being informed, we must be practical and selective. We must map it—and remember that we always have the right to change our minds.
(Topic: Identifying your market)

18. “”: Lisa Schmucki
Information about your company and your products is changing daily. Make sure this is reflected on your website with the most current information, new product announcements, and press releases. It’s easier said than done! But this is the most important communication tool you have. It’s especially important that your marketing messages and special offers are consistent across ALL media channels. Many customers will jump from a print offer directly to your website, so make sure all the info is there, too. (Topic: Website currency)

19. “Are you keeping up with the latest and greatest?”: Kathleen Brantley
Keep current to keep ahead. Take time to learn about market trends that will, make no doubt about, will impact your business. From market demographic shifts, to advances in technology that impact the new products you develop and how you produce, market and sell all your products. These advances can create growth or can spell decline. It’s your job to stay informed by doing a variety of things like attending this AEP Summit and interacting with industry peers, to reading the latest market insight reports from sources like MDR and NCES and publications like Education Week and eSchool News to listening to what your customers tell you are their issues and needs. (Topic: Market knowledge)

20. “Everything old is new again.”: Kevin Davies
In the world of digital distribution, nothing needs to be out of print. If a product is still viable but the annual sales volumes do not warrant space in your warehouse, sell it as a digital product. It becomes very low maintenance and can still generate revenue. (Topic: Digital distribution)

21. “You can’t achieve a goal without setting a target.”: Dennis DeCock
Every marketing organization needs a marketing plan, even if it’s a rudimentary document. It’s a start, and you need to be able to document all of your marketing support activities. Include in the plan answers to what you are doing, how you are doing it, when you are doing it, how much it will cost, and how you know if you’ve been successful. Be sure to cover topics such as a vision statement, market summary, SWOT (strengths, weaknesses, opportunities and threats) analysis, competitive analysis, marketing strategy, pricing analysis, implementation plan and projected budget. (Topic: Marketing planning)

22. “We’re Number 3!”: Jim McVety
Many sales plans center on large, well funded, high-profile customers, or Tier I Prospects. With the right message and sales infrastructure, historically underserved/undersold customers (Tier III) can actually become significant contributors. (Topic: Serving underserved/undersold customers)

23. “Are we finding the brightest stars to light up the Universe?”: Victoria Porras
Creating brand awareness starts well before Marketing gets a hold of the specs. The real story starts in engineering and research. It begins with ideas and builds by meeting needs. It’s about quality and core expertise. It’s the gravitational pull that moves the tides of business and makes our brand the brightest star.
(Topic: Creating brand awareness)

24. “A penny for your (customers’) thoughts.”: Lisa Schmucki
Qualitative research may cost more than a penny, but it’s worth it! Use focus groups, one-on-one interviews, any method that can help you listen to your customers talk about the market, their needs, your products, your competitors’ products. And don’t just read the report. Sit in on the focus groups, listen to the interview tapes. Talk with the educators who are using your products. You’ll gain invaluable insight for brand positioning, marketing strategy, product development, and often your best copy lines. (Topic: Qualitative research)

25. “Two really is better than one.”: Kathleen Brantley
Multi-channel marketing in the education space works—pure and simple. Sending an email message just before or just after a direct mail piece has been proven to boost ROI. We’ve all seen the large consumer marketers do this well, and it works in our space too. Make sure you have an orchestrated campaign, not just a thrown together e-mail message and promotion piece; they need to be in concert. Also, make sure to honor CAN SPAM regulations or use a vendor such as MDR to keep you on track. (Topic: Multi-channel marketing)

26. “The bottom line is your bottom line.”: Kevin Davies
All businesses are constantly looking for new sources of revenue that will eventually improve their profitability. As the margins for the sale of digital products is so much higher than for physical products, the proceeds from the sale of digital products goes directly to your company’s bottom line. And this is a good thing!
(Topic: Digital product profit margins)

27. “To advertise or not to advertise.”: Denny DeCock
Everyone knows that print advertising is expensive, difficult to measure response, needs to be frequent and repetitive, and yet is a necessary component of any good marketing plan. At least the exercise to determine whether you should advertise or not. The best way to begin is to analyze the major trade magazines which are targeted to your audience. Understand where/how/when your competition and other non-competitors in the same space advertise, and obtain rate cards/cost and schedule information from each of the magazines. Then, it’s time to determine whether the money you want to or think you’ll need to spend will get you a better return than a new product brochure, a trade show promotion, a direct mail campaign, or other promotional vehicles. If the answer is yes, and you have already determined how much budget money you can spend, weigh all the factors above and develop an annual advertising plan that minimizes your investment yet maximizes your exposure. (Topic: Advertising planning)

28. “If 40 is the new 30, 40/10/50 is the new 80/20.”: Jim McVety
As much as we like to spend time on the showroom floor, the real value of any conference hinges on what you do before and after the show. Oh, but that doesn’t mean you should stop wearing sensible shoes. (Topic: Trade show pre/post-planning)

29. “My way or the highway.”: Lisa Schmucki
When sending email messages, give your customers more than an opt-out option (the highway). Put the power of email in your customers’ hands. Let customers give you their preferences on the products and services they are interested in, how frequently they want to hear from you, the information they need. Instead of opting out, you may find them opting for a more personalized service.
(Topic: Gathering customer email information)

30. “Beam me up, beam me over, beam me anywhere, Scottie, but just beam me.”: Victoria Porras
Where do we reside in the minds of your customers? How do we get there? Can we establish our place and lock on? (Topic: Creating a presence)


Presented by:

Kathleen Brantley
Director of Strategic Alliances
MDR – A Company of D&B

Kevin Davies

Dennis DeCock
Vice President, Sales & Marketing

Kevin Thompson
McNair CPA Accounting Firm
4955 S Durango Dr Suite 207
Las Vegas, NV 89113
(702) 646-0888

Jim McVety
Director of Business Development
MarketingWorks Inc

Victoria Porras
President and Owner
Victory Productions

Lisa Schumucki
Chief Marketing Officer
MKTG Education Services

June 13, 2008

Myths in Database Marketing

Filed under: Database,Educational,funding,Marketing — House @ 4:23 am

You’ve probably heard them—reasons not to implement a database marketing strategy. “It’s hard to do,” “it’s expensive,” “our customer file is in great shape”—the list goes on. But here are the facts proving that these myths hold no weight:

1. It is too difficult to create and maintain useful customer information in the education market. The purchase order may not always contain the name of the end user of the product, but that does not mean that it is impossible to acquire or effectively use information from the order. A lot of information can be gleaned from a purchase order. Plus, customer files can be augmented with external information to round out what is not included on a purchase order.

2. Our customer file does not contain useful information. Many education marketing databases are very lean. Some only contain minimal product and sales information. However, with just an address, you can obtain a lot of information about your customer, from grade level and type of neighborhood in which the school resides to expenditure information per student.

3. Our customer list does not need improvement. It has the best response rate of all the lists. The customer file should have the best response rate. However, that does not mean that all customers have the same potential. Typically, the customer list response rate will be 3% to 5% overall in the education market. However, there are segments or groups of customers that will have a 6% to 9% response rate, while others will have less than 1%. Marketing to some segments in a customer file can be unprofitable!

4. Database marketing is a one-time effort. Some marketers will clean up their customer file or profile their customer database one time and assume that they are done. Database marketing is an ongoing process that should continually be part of the marketing strategy. The education market is dynamic and constantly shifting. The customer marketing database should be designed to reflect these changes. Database marketing can help you keep up with changes and direct your efforts. Database marketing is a necessity, not an option.

5. It is too expensive. Database marketing costs are often viewed as added expenses. Instead, they should be viewed as an investment that will return value over time. A good database marketing strategy has a very short pay-back period and can pay for itself through increased profitability of the direct marketing effort.

March 13, 2007

mdrdbs intro

Filed under: funding,mdrdbs,school — House @ 4:03 am

An Introduction to Database MarketingBy Susan Keipper Meell and Chuck Romans © MMS Education and Market Data Retrieval

What Is Database Marketing?

Database marketing is a process of identifying, collecting, and analyzing significant information from all sources, internal and external, about your customers, leads and prospects to drive strategic marketing and sales decisions.

All database marketing starts with customer information that is organized into a single, retrievable marketing database. The database is usually compiled from internal sources, such as orders, catalog inquiries, email requests for information, trade show leads, warranty cards, and other promotional efforts. It is not enough just to build a database of names and add external demographic information. Database marketing takes advantage of information in the marketing database to develop and implement action plans to enhance marketing results. There are many objectives and goals—from strategic planning to cost reduction—that database marketing can accomplish. The primary goal is to increase the profitability of the marketing investment.

Database marketing is not a means in and of itself. It is an integral part of the direct marketing effort. Database marketing is interactive and begins with the sale. The key behind database marketing is building the relationship with the customer. Developing and understanding this relationship is the cornerstone of database marketing. Developing this relationship can improve customer retention, increase lifetime customer value, and drive product development. Understanding the relationship will dramatically improve the efficiency of acquiring new customers.

What Are the Benefits? / Why Database Marketing?

Database marketing can vastly improve the economics of the marketing process through targeting the right message to the appropriate audience. But database marketing must have well-conceived and implemented plans. Building a marketing database and using the information effectively is not an easy task. It takes commitment from the whole organization to be truly effective. Commitment is needed from top management and sales and marketing personnel as well as the order entry staff.

There are four primary reasons to begin implementing database marketing—to improve profitability, to increase sales, to improve communications with your customers and prospects, and to improve product development. Strategies to meet these goals include:

1. To improve profitability: One of the benefits of database marketing is the ability to target marketing efforts and allocate resources in a way that improves efficiency and increases profit margins.

2. To increase sales: There are a number of database marketing techniques that are intended to save money by reducing waste and limiting unprofitable market segments. The primary goal of database marketing is usually to increase sales and take advantage of new market opportunities.

3. To improve communications: You may be communicating with your customers through direct mail, invoices, renewal letters/forms, advertising, conventions, customer service letters, new product announcements, and product updates. It is worthwhile to gather all of these communications together at least once a year and review everything that a customer or prospect may receive from you to see if the quality and content of the message are consistent with your customer profile and with what your customers have told you they want and need.

4. To improve product development: With a customer database, you should be able to communicate with your customers on a regular basis to gather information about the type of improvements they would like to see in your products or programs. Likewise, if you have a prospect database, it is important to talk with these potential customers to determine why they may not be purchasing your products or services. You should be able to conduct phone and mail surveys on a regular basis.

How Can I Use Database Marketing?

  • Design targeted, customized communications for customers.
  • Identify best customers and develop programs to reward them. Assign best customers to reps to work with them.
  • Increase renewal or repeat business that will improve lifetime value.
  • When doing direct mail, suppress educators/administrators like those who never buy from your mailing.
  • Use customer database for market research: surveys, sampling, focus groups.
  • Identify non-customers from universe and use for market research.
  • Compare best customers with the universe to identify new opportunities.

Keys to Successful Database Marketing

Start any database marketing plan by evaluating the customer information. Ask questions such as:

  • What is contained in the customer file?
  • What internal information is available that can be appended to the customer file?
  • How up to date is the information?
  • How can the customer file be enhanced/improved before undertaking the project?
  • What information is available from external sources?
  • What do I need to execute my plan?

What You Need

  • Commitment from management. One way to get commitment is to view the task as an investment rather than an expense, regardless of the size of the project.
  • A champion within the organization who acts as a general manager to optimize all of the company’s resources that are involved. The champion has to fully understand the marketing goals, the plan and its importance to the overall organization. He or she must also be empowered with a certain level of responsibility and accountability to implement the plan.
  • Internal and external resources. Most education marketers do not have unlimited internal resources. Be very aware of how much you expect from internal resources. Rely on dependable external resources in areas that are outside of your internal resource capabilities. It is usually much less expensive in the long run to use external vendors than to learn new technology, whether it is hardware or software.

How to Begin Database Marketing

Once your company has made the commitment, begin by asking all the questions that will help you determine exactly what information you will need. Some suggestions:

  1. Work backwards.
    • Evaluate your needs and what you want to know before you design your database.
    • Try to isolate what will be the most useful information, determine why it will be useful, and then design the database to capture it.
    • Think about what information will be truly useful versus what would be nice to know.
  2. Begin small. Build a database of your best customers and test the database design. Work with the database for six months and refine it as you work with it.
  3. Develop, test, enhance, and improve the design of your database.
  4. Words of caution:
    • Building a database takes total commitment from management (resources).
    • Maintaining a database can get complex very easily.
    • Test assumptions.
    • Validate results.
    • Retest.
    • Use outside resources to supplement internal efforts.

Developing a Database Marketing Strategy

As mentioned previously, to get the most from a database marketing system, there needs to be a champion to function as a general manager. The champion’s responsibility is to coordinate all the activity generated by the database marketing team. When developing a database marketing system or program, don’t forget the most important element: The management staff of the program.

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