Improve Marketing Efficiency and Increase Profit
So what can a marketer do about the problem? Chief Marketer provides a few ideas on how to improve marketing effectiveness and demonstrate its capability to influence business results. After going through a detailed discussion of how to use (and not to use) marketing budgets, corporate profit, etc. to measure marketing efficiency, the writer has three suggestions:
Focus on groups of low responders and establish more refined selection filters, thereby eliminating the least responsive customers.
Refine customer segmentation in order to improve targeting and raise response rates.
Test new promotions to boost the accuracy of marketing's perception of the customer.
Finally, the right metrics can also help marketers determine which of their activities are high-return vs low-return. By increasing funding for their high ROI efforts, it may become easier to allocate the existing budget more effectively in order to generate additional marketing dollars.
Posted by Universal Ad






Great post! Thanks for sharing all these insights, tips and resources. I will surely take note of all of these. I have in fact bookmarked this. Thanks!
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