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Rangefinder Magazine
Archives
January 2000
Marketing StylesA Glossary of Terms fromTodays Marketplace
by Richard G. Ensman, Jr.
Once upon a time, marketing was, well, marketing. This art and science
consisted of relatively uniform, commonly held principles, based
on the few prevailing theories of consumer behavior.
Today, multiple theories of behavior and motivation abound, and
technology has given marketers the ability to analyze and segment
the marketplace in an amazing variety of ways. The result: a variety
of marketing styles, each designed to capitalize on a unique facet
of consumer behavior.
Here's a summary of the more common marketing styles today. Use
it to familiarize yourself with the approaches your colleagues are
using-and to identify the steps you can take to boost your marketing
success in the future.
* After-marketing Activities designed to "upsell" customers
after an initial sale. After-marketing usually focuses on goods
and services related to the initial purchase, and may attempt to
give customers greater value for the initial purchase. An individual
purchasing a computer, for instance, might be persuaded through
after-marketing to purchase a service contract or computer accessories.
* Business-to-Business Marketing Marketing to the trades and professions,
as opposed to the general consumer population.
* Cause Marketing Marketing efforts designed to benefit a business
as well as a charitable cause. Can include a wide range of activities
such as charitable coupons, fund raising events, charitable traffic-building
promotions, and a variety of other programs sponsored by a business
firm on behalf of a charity.
* Cohort Marketing A specialized form of direct marketing that attempts
to match marketing messages to some significant event or stage in
a prospect's life. A marketing program designed to sell vacation
real estate to affluent senior adults just prior to their retirement
might be an example of cohort marketing. These marketing programs
often make use of historical events or imagery common to the lives
of the prospects they influence. For example, the vacation real
estate promotion might reference events or experiences prospects
encountered in the years following World War II.
* Continuity Marketing Activities that build response through a
"subscription" or "negative option" program.
Historically, continuity marketers included book and record clubs
and companies that sold collectibles by mail.
* Cooperative Marketing Promotional and advertising programs designed
by a manufacturer or distributor, usually on behalf of local retailers.
* Cyber-Marketing A slang term referring to marketing via computer
or the internet. Costs are often split between the two driven by
computers and technology.
* Database Marketing Catch-all term that includes programs driven
by a database-a computer-stored collection of biographic and purchasing
data and, perhaps, buying and lifestyle preferences. Database marketing
is often used as the basis for direct response marketing programs.
* Desktop Marketing The variety of marketing efforts that can be
initiated within an office, on a computer, without the aid of outside
marketing consultants. Desktop marketing can encompass the production
of materials, marketing research via on-line services and the World
Wide Web, and communication with prospects and customers through
e-mail.
* Direct Marketing Marketing efforts geared directly toward individual
consumers, usually by telephone or mail and sometimes, in this high-tech
age, by electronic means.
* Direct Response Marketing Pretty much the same as "direct
marketing," except that direct response attempts to motivate
the individual consumer to take some positive action in response
to the marketing appeal, such as sending back an order form or requesting
more information by telephone.
* Electronic Marketing Also termed "e-marketing." Describes
the range of promotional vehicles, ordering options and prospect
service programs offered via the Internet, diskette, audio, video,
CD-ROM, and other electronic tools. Increasingly, the term "electronic
marketing" is used synonymously with "interactive marketing."
* Image Marketing Generally refers to advertising designed to foster
a specific perception of a business, or "position" a product
in the minds of consumers.
* Integrated Marketing A series of marketing activities systematically
designed to complement each other. For example, a mass media ad
campaign might prompt consumers to recognize an upcoming direct
mail offer which, in turn, might stimulate the use of a retail sales
promotion.
* Interactive Marketing Another catch-all term, this one describing
marketing activities that engage the prospective buyer. Traditional
interactive marketing might involve such activities as contests.
Today's interactive marketing involves sales-oriented CD- ROM material,
diskette-based material, and open-ended customer response forums
on the World Wide Web. Increasingly, the term "interactive
marketing" is associated with the electronic tools being used
to promote products and services.
* Intercept Marketing Efforts to introduce products or services
to people while they're performing some other activity or traveling
somewhere. A colorful kiosk promoting yard supplies located near
the door of a mall, for instance, might be used to intercept mall
visitors and motivate them to learn more.
* Lifestyle Marketing Marketing efforts which attempt to match products
and services with the hobbies, ideologies and personal interests
of prospects. While lifestyle marketing may include advertising
in special-purpose periodicals, it often makes use of sophisticated
databases containing psychographic information on prospects. Today's
lifestyle marketing relies heavily on computer technology.
* Mass Marketing One of the most traditional forms of marketing.
Attempts to influence consumer behavior through advertising in mass-circulation
newspapers, periodicals or broadcast media. Sometimes includes related
sales promotional efforts.
* Network Marketing Most often used to describe the sales efforts
of a chain of independent distributors who purchase sales rights
and products within assigned territories. Network marketing has
been used in recent years to sell a wide variety of items, most
notably personal care items and household goods.
* Niche Marketing Marketing efforts directed toward a very specific
group of people, such as "upwardly-mobile suburban homeowners"
or "craft hobbyists between the ages of 40 and 60." Niche
marketing can, at times, be used to promote general consumer products.
For example, an insurance firm using a niche strategy might try
to convince hobbyists or affluent senior adults why they need insurance.
* Outdoor Marketing Typically refers to billboard advertising, but
occasionally refers to road signs or air advertising.
* Relationship Marketing A term closely related to database marketing.
Describes the use of database technology to track the buying preferences
and activities of individual customers in great detail, maintain
close and personal contact with them, and keep individual customers
abreast of product offerings of unique interest to them.
* Saturation Marketing An attempt to blanket a particular geographical
area or prospect constituency with a product message. By engaging
prospects with "multiple impressions" of the message,
the marketer fixes an image of the product in the minds of consumers
and attempts to position the product as the only logical buying
alternative.
* Strategic Marketing Catch-all term used to describe marketing
activities based on a carefully-crafted marketing plan. Often involves
marketing outreach directed toward specific constituencies.
* Target Marketing A term often used in different and ambiguous
ways. Frequently refers to database or niche marketing geared toward
a highly specific audience, but sometimes used to describe mass
media activities directed toward a particular geographic area. Sometimes
used to describe promotional efforts leading to increased brand
awareness of a newly introduced product.
* Teaser Marketing A gradually unfolding marketing campaign that's
intended to tantalize the reader, viewer or listener. A series of
newspaper advertisements that bring increasingly complete parts
of the message with each passing ad is an example of a teaser campaign.
* Telemarketing Usually refers to the selling of goods and services
over the telephone. Can include "outbound" telemarketing
(calls are directed toward prospects) or "inbound" telemarketing
(calls come from prospects who are motivated by some other form
of advertising). Telemarketing includes activities ranging from
cold calling to customer follow-up calls on large accounts.
* Test Marketing Term used to describe "market tests,"
often involving product introductions. Generally, test market programs
are conducted by national firms in geographical areas which are
believed to be broadly representative of the target market or the
population as a whole.
Richard G. Ensman, Jr. is a business writer and consultant based
in Rochester, NY.
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