A good goal
of marketing is to identify the individuals who are
most likely to purchase your product and attract them
to do so by developing appropriate market messages delivered
to them in places they frequent. Easy?... I wish!
Traditional Segmentation
Working out the best target audience has almost reached
the point of a science. For example we might use customer
segmentation techniques that use data about demography
(age, gender, lifestyle, income...), about the behavior
of your potential customer towards your product (price
sensitivity, impulsive or rational, light or heavy user,
frequency of purchase...), if you're targeting business
then company information (number of employees, turnover,
growth, ownership...) and so on. Given the right data
and a good data analyst we can target our prospects
brilliantly.
The only problem is that there's almost never 'enough'
data or data of right kind, let alone a good marketing
data analyst. Fortunately direct response marketing
through the internet gives us an additional approach
- a rapid feedback, test driven approach.
Test Driven Marketing
By combining three specific approaches with the rapid
feedback of the internet we get another marketing option.
The three approaches are keyword or search based advertising,
split testing and permission marketing.
Search based advertising: This completely turns
traditional advertising on its head. Rather than working
out where you're prospects 'hang-out', your prospect
type keywords into a search engine and they find you.
You don't have to segment your user base and painstakingly
seek out the right place to advertise in order that
they will see your ads. They type in the keywords for
a search and if your product is relevant to them, your
advert appears - amazing!
This is why Google AdWords and Yahoo Search Marketing
(previously Overture) have been such an incredible hit.
Well, that plus the pay-per-click model so you only
pay for the adverts a prospect clicks, plus the advertisement
split testing, plus the.. well it goes on. Suffice to
say, this model is worth using!
Split Testing: Google AdWords gives you the
ability to split test your adverts. That is, create
three adverts and see which one gets clicked the most.
Of course you can use split testing on your web site
too. Use it to work out which pages sell the best or
which pages generate the highest number of prospect
enquiries - dynamically discovering what your audience
responds to.
The challenge with a traditional approach that relies
on data collected at some point in the past, is its
age. If you haven't gathered it yourself at best it's
only months out of date. Split testing web pages can
give you instant feedback that you can react to hourly
if you want to!
Permission Marketing: In traditional advertising
you pay for advertising space where you think your prospects
will hang out, or send mail-shots to names on a targeted
list you've bought. Both of these are examples of no-permission
marketing. What if your prospects told you they were
interested in your product and invited you to market
to them? Well that would be permission marketing. The
idea certainly isn't a new one, but the medium of the
internet gives it new legs.
The best example is opt-in email lists; they work.
Almost every internet marketer I've heard speak agrees
that the 'the money is in the list'. Building a list
of names and email address (and ideally other data you
can use to segment them) through opt-in, permission
based email marketing is, like the other two methods
mentioned here, cheap and effective.
Finally
In direct response marketing there's a saying that goes
"there's no such thing as failure, only testing." If
your adverts aren't working, your opt-in page isn't
gathering prospects and your splits aren't effective
- you've learned something valuable about how not to
target your audience and you learned it quickly. Now
you can tweak and change your messages instantly and
almost for free, continually circling in on the perfect
customer or client.
ValuedClientSystem.com provides permission marketing
and split testing tools for effective online marketing.
Try the 30 day test drive for just US$3.95 (approximately
£2.40 or 3.40€). You can also get an email permission
marketing short course, for free while you're there!
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