Let's take a look at social media in 2010: We continually hear about brands that have a half-million or million Facebook fans. Well, that’s wonderful. That’s validation that social media provides a channel for consumers to interact with a brand. It isn’t, however, validation that social media creates orders.
Kevin Hillstrom
When you evaluate customer spend on an incremental basis, you quickly find that new channels provide little incremental value in the early stages of development. What happens is that brand loyalty counts for so much more than does the excitement of new channels.
Focus on the data points that directly lead to profit as your top priority. Focus on customer actions as your second priority. Everything after that contributes much less value.
Should my marketing team offer personalized marketing materials to customers, based on how far the customer lives from a store?
My boss thinks that free shipping and 20 percent off promotions are the key to competing with brands online. My team thinks we're giving our business away for free. Who's right?
Dear Dr. pROfIt: My CEO thinks we’re failing with our multichannel initiatives. We recently ran a report that showed that 15 percent of
There are very simple methods for evaluating file strength. Maybe the easiest is to grade your customers.
New purchase channels can achieve success if marketing and merchandising are aligned to the interests of customers.
Loyalty programs are frequently evaluated on the basis of biased metrics, which lead companies to believe that the programs are more effective than they really are.
How do I convince my boss that affiliate marketing is necessary and important, providing a significant return on investment?




