This document outlines key steps for developing a successful direct marketing plan. It emphasizes the importance of thoroughly addressing major plan elements in strict sequence, such as identifying objectives, obstacles, strategy, tactics, and financial projections. It also stresses the need to conduct predictive yield analysis and review the entire written plan with various stakeholders. Following the outlined 10 key questions can help guide the development of an effective direct marketing plan.
2. 2 38 percent of marketers say new marketing campaigns are rushed to market based on the limited intuition of a few people. “Marketing ROI and Measurements Benchmark Report,” Lenskold Group & MarketingProfs.com, 2005
3. 3 Counterproductive top management pressure Overloaded line operating staff Lack of experience in strategy development
6. 6 The plan identifies concrete strategy and corresponding direct response tactics developed to overcome specific obstacles that would otherwise block agreed-upon objectives.
7. 7 This type of plan development, valuable to any form of marketing, is crucial in direct response marketing.
8. 8 Identification of each project's specific objective, market segment to be penetrated, and priority, is essential.
10. 10 Customer Profiles and Buying History Buying Process Description and Benefits of Products Market Position, Sales History & Competition Distribution and Sales Financials
17. 17 1. Did we use, and stick with, the task method?
18. 18 2. Have all major direct marketing disciplines participated in creating the plan?
19. 19 3. Have you established one final decision maker as a Project Leader responsible for overall development and completion of the marketing plan?
20. 20 4. Has sufficient marketing plan development time been allocated for the planning group?
21. 21 5. Has the entire marketing plan been committed to writing?
22. 22 6. Did you address major plan elements in strict sequence throughout the planning process?
23. 23 7. Did we stop the planning process whenever essential data was not known?
24. 24 Customer Profiles and Buying History The Buying Process Product Benefit Sales History Competitive Situation Market Position Distribution and Sales Methods Manufacturing and Marketing Margins
25. 25 Stopping the market planning process does not mean 'scrapping' the project.
26. 26 8. Did we complete predictive yield analysis and format our yield reports as an integral part of our written marketing plan?
27. 27 9. Has each individual involved in creating the plan (plus some who were not) reviewed, studied, and critiqued the entire written plan?
28. 28 10. Did we meet, as a group, for final review and agreement on the entire plan?
30. Since 1982, DWS Associates has helped clients in a variety of industries increase sales by improving sales and marketing performance. A solid foundation in direct marketing, database management, business intelligence and analytics drives our lead generation, lead management and nurturing, customer relationship management, offer optimization, retention and referral efforts. The bottom-line is that our work consistently delivers highly profitable results. And our fee is always a small percentage of the results we produce for our clients. To learn exactly how DWS Associates can help your organization generate profitable sales, call 651-315-7588 today. About DWS Associates CONTACT INFO 651-315-7588 info@dwsassociates.com www.dwsassociates.com 30
Editor's Notes
If you are searching for ways to better leverage your existing resources in order to improve marketing and sales performance, the best place to start is with a direct marketing plan.Over the next few minutes, you will learn of the importance of planning and how you can develop a successful direct marketing plan for your business.
Almost as much lip service is given to the critical importance of creating a direct marketing plan as the lip service traditionally accorded God, Motherhood, and the Boy Scouts. Yet, only a small percentage of the direct response programs produced each year are preceded by effective market planning. A pessimist might say that the marketing plan is your most effective tool to avoid disaster. A positivist might say that no other single factor has as much impact on your level of profit (or loss) as does the quality of the marketing plan.