Wednesday, 25 July 2012

Tune Your Database to Create Niche Markets (Part2)


Deep inside your million-dollar database are manifold niche markets of intact opportunities. Niche identification–better known as database segmentation, is how you can enhance your sales. Here are 9 different ways to segment your database.



Email
You may think you cannot segment your database if you have only got the email address of your customers. This however is not true, segment your mailing list based on email service providers.

Job Title
Job functions and job titles are critical in most buying processes. After coding each contact’s title, run reports to discover new buyer trends. With so many layoffs and job consolidations, it’s not unusual to find that job roles are expanding. You may find new sales reasons for getting in the door. At the very least, you’ll be able to separate communication methods from one job function to another.

Geography
When capturing opt-in leads, ask for geo-identifier like state or area code. Geo coding allows you to personalize promotions.

Referrals 
Referrals are like a melody. Referral partners tend to be very social and enjoy being in a position to help someone in their network. You must be able to identify these folks to build marketing campaigns that reward their gesture.

Source Code 
How did the customer find you?
By tracking this information, you know where to invest more time and which activities to cut.

Phone Numbers
Phone numbers are a great way to segment your list by location. Organize your database in Excel and sort by phone number, and then determine the contact’s city by looking at the phone number area code.
Networking 
Staying visible costs time and money. Maximize your networking ROI by identifying who you meet where.

Inactive Customers 
Once a quarter, red flag customers who’ve gone silent or you’ve inadvertently ignored. Reach out to them before they go to the dark side, i.e. your competitors.

Email Click-through
Prospects who click on your hyperlinks in your messages are more valuable than those who don’t.

No comments:

Post a Comment