The rise of the database marketing function is something we’ve all been a part of, whether we’re aware of it or not. Back in the day, marketing departments would get bombarded with sales material from various sources, and in order to stay relevant, they’d have to figure out a way to make the most of this information overload. What they came up with was the database, a place where companies could store key information about potential clients, and where they could find the contact details for that perfect person who could become their best friend, or worst enemy.
We’re not judging; it’s a fairly common practice, and it certainly worked. When you have hundreds or thousands of documents to manage, spreadsheets and databases are the next best thing to magic. The rise of the database marketing function brought with it all the perks and responsibilities that come with such a role, which is why so many big businesses have adopted it, and so many talented marketers have risen through its ranks.
Why Do I Need to Approach My Database Marketing Strategy With Strategy?
You might be wondering why you should approach your database marketing strategy with strategy. The short answer is because there are so many variables at play. Your database might contain information about clients you’ve already met with, as well as prospects you’ve never even heard of. Your objectives for the campaign might be to get in touch with a set number of new people, or to update a particular group of existing ones. There are a million different scenarios, and when you don’t have a strategy in place, it’s difficult to know where to start.
How Do I Approach My Database Marketing Strategy?
As the name would suggest, a database marketing strategy is something you develop in conjunction with your sales and marketing teams. The best place to start is with the creation of a solid foundation – one that will serve as the platform for the rest of your strategy. This foundation should include things like industry analysis and market sizing, as well as the identification of key performance indicators (KPIs).
Once you’ve got your foundation in place, you can start to flesh out the rest of your strategy. Begin by determining the goals you’re trying to achieve, and then map out a plan of action. This plan should include all the different steps you’ll need to take in order to get from Point A to Point B. Be sure to think of everything you might need along the way, and leave no stone unturned. There should be a plan for everything – something that will help you stay organized and avoid any unnecessary stress or anxiety along the way. If you’ve never done this before, it might be a good idea to break down the strategy into a series of tasks – something that will help you focus on the important stuff and not get distracted by the little insignificant details. If you’re looking to take your database marketing to the next level, sit down with your team and map out a plan – one that will serve as the blueprint for your campaign. You might also want to get out there and meet some of your target audience – face to face if possible, and through phone calls or emails if not. By doing this, you’ll be able to determine what’s working and what’s not, and you’ll be able to adjust your strategy accordingly.
What Should I Watch Out For?
While you’re developing your strategy, be sure to keep an eye out for any problems that might arise. This is especially important if you’re using outside agencies to help with the campaign – they might not have your best interests at heart, or they might try and take advantage of you. Look out for situations where they could potentially over-bill you, or where there’s a chance they might not deliver on their promises. It might be a good idea to have some sort of contingency plan in case things go wrong. Unfortunately, sometimes things do go wrong – plans do not always work out as expected, and that’s when you find yourself in a bit of a pickle. When this happens, it might be difficult to find an agency that wants to be your friend – they want your business, and they’re not afraid to show it. In these situations, you’ll need to be very wary of anyone trying to curry favor with you – especially when it comes to billing. Watch out for these types of behaviors and situations. If you see something amiss, take a few moments to talk to your agency about it. They might be able to shed some light on the situation, and if not, perhaps it’s time to find a new agency.
If you’re looking for a one-stop-shop for all your database marketing needs, check out Midland Marketing. The experts there can help you build a solid foundation for your database marketing strategy, and they can help you get the most out of your existing database. For more information, visit www.midlandmarketing.com or call (888) 888-1443. Like most things in life, it’s important to be picky with whom you deal with – especially when it comes to your finances. If you’re not careful, you could end up in a bit of a pickle.