Targeting Ideal Prospects in the "New" Economy
An Interview with Paul Sobel, President of Dataline
Today's economy has presented a number of new challenges to marketing and sales managers – not the least of which are changes in consumer buying behavior. Finding the right database and the right prospects isn’t so easy anymore. Job losses, relocations and the plunge in retail spending have vastly affected the profile of today’s consumer.
So how do you make selections when you need a target audience with the right characteristics to respond to your offer?
Veteran data marketer Paul Sobel, president of Dataline, says this uncertain environment calls for a combination of tools called "modeling and analytics." These tools can help companies better select viable prospects and eliminate the guessing game. "In these perilous times, you need to not only look for prospects that fit your ideal profile, but also understand their current buying behaviors," Sobel says. Modeling enables direct marketers to analyze the attributes of their best customers and then target more of them. Identifying prospects that are likely to respond to your sales and marketing message is essential for today's marketer. The key to a successful model is the data used. Dataline specializes in consumer marketing information and houses a proprietary database of over 235 million individuals. Updated on a monthly basis, Dataline’s file incorporates over 110 million consumer transactions. "We know who is responding and who is purchasing," Sobel says. It's the most comprehensive, up-to-date information on the market today. The modeling process uses marketing information to analyze your current customer base. At Dataline, statisticians use an information-rich consumer file to match and model your data. The goal is to predict a person's likelihood to buy. Once the model is created and those variables are identified, the selection processes begins. Perhaps the best news is that modeling and analytics can uncover who your true buying public is. That knowledge is power – modeling can act as the eyes and ears in today’s ever-changing marketplace, providing the advantage on who to target. It's a tool that today's marketers should consider as they wrestle with identifying who their best prospects are in this "new" economy. Dataline is a leading provider of consumer information and custom modeling solutions. To discuss your customized data solution, call one of our Direct Marketing Professionals at (866) 360-DATA or to email us, click here.
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