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  • Added for You - Testing – the Most Effective Tool for Database Marketing

    Performance Appraisals - The 5 Biggest Mistakes Managers Make And How To Avoid Them
    Performance appraisal.Or, if you prefer, performance review.Whichever term you use, mention it to a dozen of your friends -- whether they typically give or receive performance appraisals -- and notice the responses you get.A grimace?A roll of the eyes?Tension?A satisfied smile?Let's face it, mentioning "performance appraisal" gets such mixed responses because people have such mixed experiences.Which is only to be expecte
    d to the roll out of the campaign as well.

    In a test campaign, alternative offers may be tested, in order to figure out the most efficient approach, yielding higher ROI. In this case, only a single variable should be different between alternative offers (e.g. the level of discount), in order to produce valid results. Two test groups (or more according to the number of alternative offers) are needed, since each Customer should receive a single offer (during a promotion, a Customer should not be asked to choose between alternatives). Again a control group should be set up. After the test campaign is concluded, comparisons between test groups behavior as well as evaluation vis-

    What is the Role of a Nanny in a Family?
    As a general guide, this context will be an account of the work that might normally be expected of a Nanny in private employment and her hours of duty. A Nanny is a person, especially a boy or a girl, employed in a family to take care of children. A Nanny is responsible mainly for the care of the children of the family and the care of their equipment – their clothes and so on – and for any housework that has directly to do with them.She will, for example, do the childr
    Each marketing campaign plan should be tested on a smaller group of Customers, before being deployed. Based on the results of the test campaign, the marketing campaign can be reshaped to achieve better results.

    Testing is essential in every campaign, given that the business environment changes dynamically. Nothing should be taken for granted. Testing can be used not only for the estimation of short term response rates and marketing campaign ROI, but also to monitor the medium term effect (e.g. one year) of a campaign.

    The steps to implement a test campaign, are the following:

    1. identify a group of customers, who are potential buyers of a product, e.g. 20.000 Business Customers to receive an offer developed for the Business segment.

    2. set up a test and a control group (e.g. 2.000 Business Customers each). The test group gets the offer. The control group is treated as usual, but it does not get the offer or any other offer. Ideally, the test & control groups consist of the same type of Customers (Business Customers). The groups can be easily selected by sorting the Customer group and taking the 3rd out of each 10 for the test group and the 5th out of each 10 for the control group. The size of the control group has to be sufficient to provide statistically accurate results.

    3. the test campaign is executed and results (orders made by the 2 groups) are captured.

    4. the effectiveness of the test campaign is evaluated by the difference between orders by the 2 groups (test & control), in the given campaign period.

    In order to exploit efficiently a control group, the following additional rules apply:

    • no other offers should be made to the control group, during the ‘control’ period

    • the control group should not be informed of the offer made to others – this may lead to negative reactions and introduce bias to the evaluation

    The test group is expected to produce increased orders. The comparison to the control group can factor out any market or economy factors, affecting the result. This is why the set up of a control group is so important, in order to evaluate accurately the effect of the test campaign.

    Increased ordering made by the test group (vis-?-vis the control group), can be identified in certain cases on non-promoted products also. This can be attributed to the campaign, since it may increase the visits (or interest for the Business and its products) of the test group. The effect of the campaign can be extended beyond the campaign period. This is attributed to the fact that those Customers who accepted the campaign offering, have increased their recency.

    The same approach to use a control group for evaluation purposes, should be applied to the roll out of the campaign as well.

    In a test campaign, alternative offers may be tested, in order to figure out the most efficient approach, yielding higher ROI. In this case, only a single variable should be different between alternative offers (e.g. the level of discount), in order to produce valid results. Two test groups (or more according to the number of alternative offers) are needed, since each Customer should receive a single offer (during a promotion, a Customer should not be asked to choose between alternatives). Again a control group should be set up. After the test campaign is concluded, comparisons between test groups behavior as well as evaluation vis-a

    Are You Asking Enough Questions?
    Questions are a powerful communication tool that can help you advance your business, gain rapport with friends, and create harmony at home.Yet, many people avoid asking questions. They believe that asking questions implies weakness, reveals ignorance, or shows submission. People also avoid questions because they fear answers that cause change. And so, they prefer to continue making mistakes or to suffer with having less.Actually, asking questions is powerful. Wh
    iness Customers to receive an offer developed for the Business segment.

    2. set up a test and a control group (e.g. 2.000 Business Customers each). The test group gets the offer. The control group is treated as usual, but it does not get the offer or any other offer. Ideally, the test & control groups consist of the same type of Customers (Business Customers). The groups can be easily selected by sorting the Customer group and taking the 3rd out of each 10 for the test group and the 5th out of each 10 for the control group. The size of the control group has to be sufficient to provide statistically accurate results.

    3. the test campaign is executed and results (orders made by the 2 groups) are captured.

    4. the effectiveness of the test campaign is evaluated by the difference between orders by the 2 groups (test & control), in the given campaign period.

    In order to exploit efficiently a control group, the following additional rules apply:

    • no other offers should be made to the control group, during the ‘control’ period

    • the control group should not be informed of the offer made to others – this may lead to negative reactions and introduce bias to the evaluation

    The test group is expected to produce increased orders. The comparison to the control group can factor out any market or economy factors, affecting the result. This is why the set up of a control group is so important, in order to evaluate accurately the effect of the test campaign.

    Increased ordering made by the test group (vis-?-vis the control group), can be identified in certain cases on non-promoted products also. This can be attributed to the campaign, since it may increase the visits (or interest for the Business and its products) of the test group. The effect of the campaign can be extended beyond the campaign period. This is attributed to the fact that those Customers who accepted the campaign offering, have increased their recency.

    The same approach to use a control group for evaluation purposes, should be applied to the roll out of the campaign as well.

    In a test campaign, alternative offers may be tested, in order to figure out the most efficient approach, yielding higher ROI. In this case, only a single variable should be different between alternative offers (e.g. the level of discount), in order to produce valid results. Two test groups (or more according to the number of alternative offers) are needed, since each Customer should receive a single offer (during a promotion, a Customer should not be asked to choose between alternatives). Again a control group should be set up. After the test campaign is concluded, comparisons between test groups behavior as well as evaluation vis-

    Management Development - Micromanagement Works!
    Getting into the detail of everything each of your people does, will really damage your relationships with them. Sure, there are times where their hand needs to be held, and then there are times when you have to be sensitive enough to their needs to back off and let them learn for themselves.Indeed, sometimes you have to brace yourself, but that’s how a child learns, from getting things wrong – so it’s OK to step away and let it happen.However, if
    de by the 2 groups) are captured.

    4. the effectiveness of the test campaign is evaluated by the difference between orders by the 2 groups (test & control), in the given campaign period.

    In order to exploit efficiently a control group, the following additional rules apply:

    • no other offers should be made to the control group, during the ‘control’ period

    • the control group should not be informed of the offer made to others – this may lead to negative reactions and introduce bias to the evaluation

    The test group is expected to produce increased orders. The comparison to the control group can factor out any market or economy factors, affecting the result. This is why the set up of a control group is so important, in order to evaluate accurately the effect of the test campaign.

    Increased ordering made by the test group (vis-?-vis the control group), can be identified in certain cases on non-promoted products also. This can be attributed to the campaign, since it may increase the visits (or interest for the Business and its products) of the test group. The effect of the campaign can be extended beyond the campaign period. This is attributed to the fact that those Customers who accepted the campaign offering, have increased their recency.

    The same approach to use a control group for evaluation purposes, should be applied to the roll out of the campaign as well.

    In a test campaign, alternative offers may be tested, in order to figure out the most efficient approach, yielding higher ROI. In this case, only a single variable should be different between alternative offers (e.g. the level of discount), in order to produce valid results. Two test groups (or more according to the number of alternative offers) are needed, since each Customer should receive a single offer (during a promotion, a Customer should not be asked to choose between alternatives). Again a control group should be set up. After the test campaign is concluded, comparisons between test groups behavior as well as evaluation vis-

    How to Find Customers For a Retail Store - Part 2
    In the last article in this series, we talked about some of the hardest ways that people try to build a customer base for a store. We also talked about why these methods do not normally work well. This article will give some ways of finding new customers for a retail store that can work much better.There are many different ways to find customers for a retail store. The traditional way is to open a store and wait for people to come. If this is not bringing you as ma
    . This is why the set up of a control group is so important, in order to evaluate accurately the effect of the test campaign.

    Increased ordering made by the test group (vis-?-vis the control group), can be identified in certain cases on non-promoted products also. This can be attributed to the campaign, since it may increase the visits (or interest for the Business and its products) of the test group. The effect of the campaign can be extended beyond the campaign period. This is attributed to the fact that those Customers who accepted the campaign offering, have increased their recency.

    The same approach to use a control group for evaluation purposes, should be applied to the roll out of the campaign as well.

    In a test campaign, alternative offers may be tested, in order to figure out the most efficient approach, yielding higher ROI. In this case, only a single variable should be different between alternative offers (e.g. the level of discount), in order to produce valid results. Two test groups (or more according to the number of alternative offers) are needed, since each Customer should receive a single offer (during a promotion, a Customer should not be asked to choose between alternatives). Again a control group should be set up. After the test campaign is concluded, comparisons between test groups behavior as well as evaluation vis-

    How to Choose Your Ideal Career
    They say that most people do complete and total career changes at least once often twice in their lifetimes. Very few people chose the ideal perfect career for themselves when they're in high school and blissfully happily work those same jobs for the rest of their lives. With the way that technology and everything else changes so fast, I think it's ridiculous to expect to stay in one job from the time you leave school until you retire. Even staying in the same company can
    d to the roll out of the campaign as well.

    In a test campaign, alternative offers may be tested, in order to figure out the most efficient approach, yielding higher ROI. In this case, only a single variable should be different between alternative offers (e.g. the level of discount), in order to produce valid results. Two test groups (or more according to the number of alternative offers) are needed, since each Customer should receive a single offer (during a promotion, a Customer should not be asked to choose between alternatives). Again a control group should be set up. After the test campaign is concluded, comparisons between test groups behavior as well as evaluation vis-a-vis the control group, should be carried out.

    Testing comes at a cost. The Business has to assign resources to execute the test and capture & evaluate the results. Moreover it has to delay the campaign roll out, for one or more months. Since roll out of the campaign follows the test campaign evaluation, there is a delay in campaign execution.

    Copyright 2006 - Kostis Panayotakis

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