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Secondary Marketing Data

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Presentation on theme: "Secondary Marketing Data"— Presentation transcript:

1 Secondary Marketing Data
2.05 Secondary Marketing Data

2 Internet as Source of Secondary Info
Government statistics (Census Bureau) SEM information studies Trade associations Journals/periodicals Shank, p

3 Frequently Accessed Databases
Database: collection of information retrievable through a computer LexisNexus Data Resources, Inc. Dow Jones News Dialog The Source Boone/Kurtz; p164

4 Pros/Cons of Databases
Lot of information Easily searchable Cons Info can be overwhelming May not know what to look for

5 Online Service Providers
Search engines Metasearch engines Subject directories

6 Steps to Develop Search Strategy
Analyze the topic Pick a starting place Vary your approach Don't get bogged down

7 Techniques for Monitoring Internal Records
Keep records: receipts, contracts, payroll Regular reporting Audit records

8 Internal Records Invoices: customer profiles
Accounts receivable: profit margins Quarterly sales reports: sales territories Sales activity reports: salesperson tactics Comment cards: customer satisfaction

9 Guidelines for Monitoring Internal Records
what records to monitor who will monitor them how often they will be monitored Analyze product performance

10 Ways to Use a Competitor Database
Note competitors’ advertising media Note competitors’ customers Note competitors’ price lists Find trends in competitors’ business activity

11 Components of Competitor Database
monitoring the press and journals for article, press releases and job openings monitoring and collecting promotional materials monitoring for company reports and analyst reports monitoring patents maintaining regular searches and reports on the Internet


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