what are pros and cons of database marketing?
TRANSCRIPT
What are pros and cons of
DATABASE MANAGEMENT
A CUSTOMER DATABASE is an organised collection of comprehensive information about individual customers .
DATABASE MANAGEMENT is the process of building, maintaining and using customer database to contact, transact and build customer relationship.
CUSTOMER DATABASE
Contact detailsFamily
Birthdays, anniversariesInterests, hobbies
DATABASE WAREHOUSES where can capture,query and analyse data to draw inference about individual customer’s needs
Through DATA MINING marketing statisticians can extract from mass of data useful information about customers.
PROS OF DATABASE MARKETING
Identify prospects
To give particular customers special offers
To deepen customer loyalty To reactivate purchases
To avoid serious customer mistakes
CONS OF DATABASE MARKETING
Some situations are not conductive
Building and maintaining database require a large investment
Not all employees are customer oriented and not all customers want a relationship with company
Assumptions may go wrong.
Created by:
Saumya GuptaNIT SuratIntern under Prof. Sameer Mathur, IIM Lucknow.
www.IIMinternship.com