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	<title>Wymbs Marketing Blog &#187; myblogg</title>
	<atom:link href="http://blsciblogs.baruch.cuny.edu/wymbs/author/myblogg/feed/" rel="self" type="application/rss+xml" />
	<link>http://blsciblogs.baruch.cuny.edu/wymbs</link>
	<description>Brought to you by Blogs@Baruch</description>
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			<item>
		<title>Mix of product, testing, evaluation and feedbacks</title>
		<link>http://blsciblogs.baruch.cuny.edu/wymbs/2008/12/17/mix-of-product-testing-evaluation-and-feedbacks/</link>
		<comments>http://blsciblogs.baruch.cuny.edu/wymbs/2008/12/17/mix-of-product-testing-evaluation-and-feedbacks/#comments</comments>
		<pubDate>Wed, 17 Dec 2008 10:30:23 +0000</pubDate>
		<dc:creator>myblogg</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://blsciblogs.baruch.cuny.edu/wymbs/?p=965</guid>
		<description><![CDATA[two classes had been selected to test out the MS ZUNE MP3 player. It is hard to distinguish where this article would fall but it is interesting in selection due to the fact that MS uses their potential customers to test out the product and be able to retrieve their feed backs&#8230;
relating to CUSTOMER SERVICE?
http://www.wiredzune.com/2008/02/eighth-graders-test-zune/#more-402
]]></description>
			<content:encoded><![CDATA[<p>two classes had been selected to test out the MS ZUNE MP3 player. It is hard to distinguish where this article would fall but it is interesting in selection due to the fact that MS uses their potential customers to test out the product and be able to retrieve their feed backs&#8230;</p>
<p>relating to CUSTOMER SERVICE?</p>
<p><a href="http://www.wiredzune.com/2008/02/eighth-graders-test-zune/#more-402">http://www.wiredzune.com/2008/02/eighth-graders-test-zune/#more-402</a></p>
]]></content:encoded>
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		</item>
		<item>
		<title>Which are more valuable? Brand VS Customer?</title>
		<link>http://blsciblogs.baruch.cuny.edu/wymbs/2008/12/17/which-are-more-valuable-brand-vs-customer/</link>
		<comments>http://blsciblogs.baruch.cuny.edu/wymbs/2008/12/17/which-are-more-valuable-brand-vs-customer/#comments</comments>
		<pubDate>Wed, 17 Dec 2008 10:19:01 +0000</pubDate>
		<dc:creator>myblogg</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://blsciblogs.baruch.cuny.edu/wymbs/?p=963</guid>
		<description><![CDATA[ 
As Professor mentioned in previous class that branding is important, it helps interact the mind of a customer and helps set a template for customers when they make a purchase for a product. He also stated that Customer service is important as well. So when you compared the two&#8230;who one is more essential? this articles [...]]]></description>
			<content:encoded><![CDATA[<p> </p>
<p>As Professor mentioned in previous class that branding is important, it helps interact the mind of a customer and helps set a template for customers when they make a purchase for a product. He also stated that Customer service is important as well. So when you compared the two&#8230;who one is more essential? this articles states the facts  which is quite interesting to read&#8230;enjoy</p>
<p><a href="http://www.brandingasia.com/columns/015.htm">http://www.brandingasia.com/columns/015.htm</a></p>
]]></content:encoded>
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		</item>
		<item>
		<title>Interactivity example among bestbuy/national association of broadcasters and consumers</title>
		<link>http://blsciblogs.baruch.cuny.edu/wymbs/2008/11/19/interactivity-example-among-bestbuynational-association-of-broadcasters-and-consumers/</link>
		<comments>http://blsciblogs.baruch.cuny.edu/wymbs/2008/11/19/interactivity-example-among-bestbuynational-association-of-broadcasters-and-consumers/#comments</comments>
		<pubDate>Wed, 19 Nov 2008 08:52:49 +0000</pubDate>
		<dc:creator>myblogg</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://blsciblogs.baruch.cuny.edu/wymbs/?p=531</guid>
		<description><![CDATA[Best Buy® and the National Association of Broadcasters Team Up to Educate Consumers on Digital TV Transition
Minneapolis – November 11, 2008 – Best Buy, in partnership with the National Association of Broadcasters (NAB), will roll out in-store workshops about the transition to digital television (DTV) at Best Buy stores in the 25 largest cities across [...]]]></description>
			<content:encoded><![CDATA[<h3 class="sIFR-replaced"><span class="sIFR-alternate">Best Buy® and the National Association of Broadcasters Team Up to Educate Consumers on Digital TV Transition</span></h3>
<div>Minneapolis – November 11, 2008 – Best Buy, in partnership with the National Association of Broadcasters (NAB), will roll out in-store workshops about the transition to digital television (DTV) at Best Buy stores in the 25 largest cities across the country. These workshops will take place on Monday, November 17, 2008, starting at 10 a.m., marking the three-month countdown to the DTV transition.</div>
]]></content:encoded>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>XBOX DROPS ITS PRICE BELOW $200, should increase in sales</title>
		<link>http://blsciblogs.baruch.cuny.edu/wymbs/2008/11/19/xbox-drops-its-prices-below-200-should-increase-in-sales/</link>
		<comments>http://blsciblogs.baruch.cuny.edu/wymbs/2008/11/19/xbox-drops-its-prices-below-200-should-increase-in-sales/#comments</comments>
		<pubDate>Wed, 19 Nov 2008 08:36:49 +0000</pubDate>
		<dc:creator>myblogg</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://blsciblogs.baruch.cuny.edu/wymbs/?p=527</guid>
		<description><![CDATA[Industry Milestone
&#8220;We are thrilled to be the first next-generation console on the market to reach $199, a price that invites everyone to enjoy Xbox 360,&#8221; said Don Mattrick, senior vice president of the Interactive Entertainment Business at Microsoft. &#8220;Xbox 360 delivers amazing performance at an extraordinary value with the leading online service and best lineup [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Industry Milestone<br />
</strong>&#8220;We are thrilled to be the first next-generation console on the market to reach $199, a price that invites everyone to enjoy Xbox 360,&#8221; said Don Mattrick, senior vice president of the Interactive Entertainment Business at Microsoft. &#8220;Xbox 360 delivers amazing performance at an extraordinary value with the leading online service and best lineup of games, downloadable movies and TV shows available from a console. The majority of consumers make the decision to buy consoles once the price falls to this mark, making this an important milestone for consumers and the industry.&#8221;</p>
<p><a href="http://www.xbox.com/en-US/community/news/2008/xbox360pricedrop.htm">http://www.xbox.com/en-US/community/news/2008/xbox360pricedrop.htm</a></p>
]]></content:encoded>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>another la la la day…</title>
		<link>http://blsciblogs.baruch.cuny.edu/wymbs/2008/10/14/another-la-la-la-day%e2%80%a6/</link>
		<comments>http://blsciblogs.baruch.cuny.edu/wymbs/2008/10/14/another-la-la-la-day%e2%80%a6/#comments</comments>
		<pubDate>Tue, 14 Oct 2008 19:09:50 +0000</pubDate>
		<dc:creator>myblogg</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://blsciblogs.baruch.cuny.edu/cwschin/?p=37</guid>
		<description><![CDATA[polo ralph lauren (weekend only thru columbus day)
adv: encourage exposure + limit liability to only a cetain time.  allow you to study purchasing habits.
getting people to search, creates brand awareness + recognition.
Customer Acquisition
-&#62;CRITICAL EMAIL PRINCIPLE
relevance- interactivity between customers and vendors create relationship. companies need to know customers characteristics, so they can target and understand them [...]]]></description>
			<content:encoded><![CDATA[<p>polo ralph lauren (weekend only thru columbus day)<br />
adv: encourage exposure + limit liability to only a cetain time.  allow you to study purchasing habits.</p>
<p>getting people to search, creates brand awareness + recognition.</p>
<p>Customer Acquisition<br />
-&gt;CRITICAL EMAIL PRINCIPLE<br />
relevance- interactivity between customers and vendors create relationship. companies need to know customers characteristics, so they can target and understand them better.<br />
Respect-(customers) what they want and when, agreement to sell their names and blast emails<br />
receipt control- more likely to read emails sent which would result to a better quality list&#8230;emails are sent to the right people who value the site that responds. those who dont respond gets taken off the list or maybe given a second try. </p>
<p>Usually people dont read the fine print because they dont find relevance withint the email unless you create relevance in what they are expose too.</p>
<p>Companies can find out different customers buying habits and use them to target a specific group at times. they also use forms or A/B test to see customers reactions and put them into different groups to target segments. (A/B test is when companies have 2 groups to test and see their response over time). The best strategy  to use is to know what customers whan liek and give best offeres to them at the right time and according to their preferences.</p>
<p>advs: email marketing<br />
-develops quickly, content is flexible, rich media and video, distribution is controllable, can be tested for effectiveness, measureable and inexpensive.<br />
-&gt;getting  good opt-in list on issue.<br />
                  best getting a good list is throught internally.</p>
<p>-&gt;start ups-&gt;value propositions-&gt;target segmetns-&gt;demographis-&gt; income-&gt;then ur able to find where these targets are at.</p>
<p>level of permission<br />
      -&gt; opt-out (dont send me anythign anymore: where you UNCHECK THE BOX)<br />
      -&gt; Opt- in (checkingthe  box like subscribing for more exposure)<br />
                       -&gt;double Opt in (ex: are you sure you want to&#8230;.)<br />
                       -&gt;confirm Opt in</p>
<p>email process-<br />
1) value proposition- what makes a company unique, what th4ey have to offer and sell  and who their target market is. then it goes to demographics and age (secondary info). then search list-&gt; information product (critical info)-&gt;<br />
2) dervied email insight-<br />
3)suggest product<br />
4) evaluate</p>
<p>other techniques-<br />
-events, publicity, affiliates, Portal relationship and viral</p>
]]></content:encoded>
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		</item>
		<item>
		<title>loads of information pt2</title>
		<link>http://blsciblogs.baruch.cuny.edu/wymbs/2008/09/24/loads-of-information-pt2/</link>
		<comments>http://blsciblogs.baruch.cuny.edu/wymbs/2008/09/24/loads-of-information-pt2/#comments</comments>
		<pubDate>Wed, 24 Sep 2008 16:45:27 +0000</pubDate>
		<dc:creator>myblogg</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://blsciblogs.baruch.cuny.edu/cwschin/?p=28</guid>
		<description><![CDATA[How websites make money?

Advertising 
Paid subscription 
Sponsorship 
Link to stores where they can get a commission 
Sell data about customers  
Community on i-village.com


Polls 
Trailers of movies that you can’t access else where 

Fresh content 



Colors are important for a website

Cultural sensitivity 
Positive and negative effects 
Also want to be a global brand 

Seven design elements [...]]]></description>
			<content:encoded><![CDATA[<p class="MsoNormal"><strong><span>How websites make money?</span></strong></p>
<ul type="disc">
<li class="MsoNormal"><span>Advertising </span></li>
<li class="MsoNormal"><span>Paid subscription </span></li>
<li class="MsoNormal"><span>Sponsorship </span></li>
<li class="MsoNormal"><span>Link to stores where they can get a commission </span></li>
<li class="MsoNormal"><span>Sell data about customers  <br />
<strong><span>Community on&nbsp;<a href="http://i-village.com" title="http://i-village. " target="_blank">i-village.com</a></span></strong></span></li>
</ul>
<ul type="disc">
<li class="MsoNormal"><span>Polls </span></li>
<li class="MsoNormal"><span>Trailers of movies that you can’t access else where </span>
<ul type="circle">
<li class="MsoNormal"><span>Fresh content </span></li>
</ul>
</li>
</ul>
<p class="MsoNormal"><strong><span>Colors are important for a website</span></strong></p>
<ul type="disc">
<li class="MsoNormal"><span>Cultural sensitivity </span></li>
<li class="MsoNormal"><span>Positive and negative effects </span></li>
<li class="MsoNormal"><span>Also want to be a global brand </span></li>
</ul>
<p class="MsoNormal"><strong><span>Seven design elements of customer interface</span></strong></p>
<p class="MsoNormal"><span>1. <span>Context</span>: site’s layout and design</span></p>
<p class="MsoNormal"><span>2. <span>Content</span>: text, pictures, sound and video that website contains</span></p>
<p class="MsoNormal"><span>3. <span>Community</span>: way site enable user-to-user communication</span></p>
<p class="MsoNormal"><span>4. <span>Customization</span>: ability to self-tailor to different users or to allow users to customize the site</span></p>
<p class="MsoNormal"><span>5. <span>Communication</span>: site enables site-to-user communications or two-way communication</span></p>
<p class="MsoNormal"><span>6. <span>Connection</span>: degree site is linked to other sites</span></p>
<p class="MsoNormal"><span>7. <span>Commerce</span>: site’s capabilities to enable commercial transaction</span></p>
<p class="MsoNormal"><strong><span> </span></strong></p>
<p class="MsoNormal"><strong><span>Why shopping carts are abandoned?</span></strong></p>
<ul type="disc">
<li class="MsoNormal"><span>Too many steps, takes too much time </span></li>
<li class="MsoNormal"><span>Just want final price </span></li>
<li class="MsoNormal"><span>Have to create an account </span></li>
</ul>
<p class="MsoNormal"><strong><span>What determines the look-and-feel of design?</span></strong></p>
<ul type="disc">
<li class="MsoNormal"><span>Context </span></li>
<li class="MsoNormal"><span>Dimensions of context: function and aesthetics </span></li>
<li class="MsoNormal"><span>Aesthetics: color scheme and visual themes</span></li>
</ul>
<p class="MsoNormal"><strong><span>What are the dimensions of content?</span></strong></p>
<ul type="disc">
<li class="MsoNormal"><span>Any digital information </span>
<ul type="circle">
<li class="MsoNormal"><span>Audio, video, images, and text </span></li>
</ul>
</li>
<li class="MsoNormal"><span>Dimensions </span>
<ul type="circle">
<li class="MsoNormal"><span>Offering mix </span></li>
<li class="MsoNormal"><span>Appeal mix </span></li>
<li class="MsoNormal"><span>Multimedia mix </span></li>
<li class="MsoNormal"><span>Content type </span></li>
</ul>
</li>
</ul>
<p class="MsoNormal"><strong><span>Why community?</span></strong></p>
<ul type="disc">
<li class="MsoNormal"><span>Encourage customers to return to a website primarily because: </span></li>
<li class="MsoNormal"><span>Create attractive content </span></li>
<li class="MsoNormal"><span>Makes activities possible or easier, thus satisfying needs not attainable individually </span></li>
</ul>
<p class="MsoNormal"><span> </span></p>
<p class="MsoNormal"><strong><span>Lever used to customize site?</span></strong></p>
<ul type="disc">
<li class="MsoNormal"><span>Customization </span>
<ul type="circle">
<li class="MsoNormal"><span>Personalization </span></li>
<li class="MsoNormal"><span>Tailoring </span></li>
</ul>
</li>
</ul>
<p class="MsoNormal"><strong><span>Communication</span></strong></p>
<p class="MsoNormal"><span>1. broadcast</span></p>
<p class="MsoNormal"><span>            Mass mailing, FAQ’s, email newsletter</span></p>
<p class="MsoNormal"><span>2. interactive</span></p>
<p class="MsoNormal"><span>            Customer service, user input</span></p>
<p class="MsoNormal"><span>3. hybrid</span></p>
<p class="MsoNormal"><span>            Combo of broadcast and interactive</span></p>
<p class="MsoNormal"><span> </span></p>
<p class="MsoNormal"><strong><span>Connect with other businesses (dimensions)</span></strong></p>
<ul type="disc">
<li class="MsoNormal"><span>Links to sites </span></li>
<li class="MsoNormal"><span>Homesite background </span></li>
<li class="MsoNormal"><span>Outsourced content </span></li>
<li class="MsoNormal"><span>Percentage of homesite content </span></li>
<li class="MsoNormal"><span>Pathway of connection </span></li>
</ul>
<p class="MsoNormal"><strong><span>Dimensions of commerce</span></strong></p>
<ul type="disc">
<li class="MsoNormal"><span>Registration </span></li>
<li class="MsoNormal"><span>Shopping cart </span></li>
<li class="MsoNormal"><span>Security </span></li>
<li class="MsoNormal"><span>Credit card approval </span></li>
<li class="MsoNormal"><span>One-click shopping </span></li>
<li class="MsoNormal"><span>Orders through affiliates </span></li>
<li class="MsoNormal"><span>Configuration technology </span></li>
<li class="MsoNormal"><span>Order tracking </span></li>
<li class="MsoNormal"><span>Delivery options </span></li>
</ul>
]]></content:encoded>
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		</item>
		<item>
		<title>loads of information</title>
		<link>http://blsciblogs.baruch.cuny.edu/wymbs/2008/09/22/loads-of-information/</link>
		<comments>http://blsciblogs.baruch.cuny.edu/wymbs/2008/09/22/loads-of-information/#comments</comments>
		<pubDate>Mon, 22 Sep 2008 17:39:13 +0000</pubDate>
		<dc:creator>myblogg</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://blsciblogs.baruch.cuny.edu/cwschin/?p=25</guid>
		<description><![CDATA[Google is coming out with a new phone called the G1. this device is incorporated a new platform called ENJOY. This phone has wifi and expanded keypad. It includes GPS and Google utensil such as GMAIL and GTalk. Competition against the Iphone but at a lower price.
Testing process
1. Why? Reasons for conducting a test
- standard [...]]]></description>
			<content:encoded><![CDATA[<p class="MsoNormal"><strong><span>Google</span></strong><strong><span> is coming out with a new phone called the G1. this device is incorporated a new platform called </span></strong><strong><span>ENJOY</span></strong><strong><span>. This phone has wifi and expanded keypad. It includes GPS and Google utensil such as GMAIL and GTalk. Competition against the Iphone but at a lower price.</span></strong></p>
<p class="MsoNormal"><strong><span>Testing process</span></strong></p>
<p class="MsoNormal"><span>1. Why? Reasons for conducting a test</span></p>
<p class="MsoNormal"><span>- standard practice (test all market programs)</span></p>
<p class="MsoNormal"><span>- strategic question (reactivate lapsed customers)</span></p>
<p class="MsoNormal"><span>- tactical questions (which incentive to use)</span></p>
<p class="MsoNormal"><span> </span></p>
<p class="MsoNormal"><span>2. Design a test</span></p>
<p class="MsoNormal"><span>- what market variables (price, etc.)</span></p>
<p class="MsoNormal"><span>- type of test (a/b, control/a)</span></p>
<p class="MsoNormal"><span>- samples (population size)</span></p>
<p class="MsoNormal"><span> </span></p>
<p class="MsoNormal"><span>3. Establish test metrics</span></p>
<p class="MsoNormal"><span>- significance</span></p>
<p class="MsoNormal"><span>- cut off date</span></p>
<p class="MsoNormal">
<div class="MsoNormal"><span> </span></div>
<p><span></p>
<p><span>When looking at panel data you have make sure the people are not predisposed to constant testing.  You might get a different result if you do random testing</span></p>
<p><span> </span></p>
<p><span>Customer data can be collected</span></p>
<p class="MsoNormal"><span><span>        1.<span>   </span></span></span><span>Purchases </span></p>
<p class="MsoNormal"><span><span>        2.<span>    </span></span></span><span>Census </span></p>
<p class="MsoNormal"><span><span>        3.<span>   </span></span></span><span>Associations </span></p>
<p class="MsoNormal"><span><span>        4.<span>   </span></span></span><span>Research firms </span></p>
<p class="MsoNormal"><span><span>        5.<span>   </span></span></span><span>Purchase data </span></p>
<p class="MsoNormal"><span><span>        6.<span>   </span></span></span><span>Survey/questionaire </span></p>
<p class="MsoNormal"><span><span>        7.<span>  </span></span></span><span>Focus group </span></p>
<p class="MsoNormal"><span><span>        8.<span>  </span></span></span><span>Interviews </span></p>
<p class="MsoNormal"><span><span>        9.<span>  </span></span></span><span>Websites &#8211; clickstream data </span></p>
<p class="MsoNormal"><span><span>        10.<span>   </span></span></span><span>Acct Data </span></p>
<p class="MsoNormal"><span><span>        11.<span>   </span></span></span><span>Calls center </span></p>
<p class="MsoNormal"><span><span>        12.<span>  </span></span></span><span>Customer inquiries </span></p>
<div></div>
<p><span></p>
<p class="MsoNormal"> </p>
<p> </p>
<p></span></span></p>
<p class="MsoNormal"><span>4. execute and monitor results</span></p>
<p class="MsoNormal"><span>5. analyze and report test results</span></p>
<p class="MsoNormal"><span>6. make marketing decision</span></p>
<p class="MsoNormal"><span>            *start off by asking yourself this question, then figure out what data you will need to gather</span></p>
<p class="MsoNormal"><span> </span></p>
<p class="MsoNormal"><strong><span>Data</span></strong><span>: (360 degree view of customer) purchase, census, associations, research firms, survey, focus groups, interviews, click stream (website), accounting, call center, customer acquisition.</span></p>
<p class="MsoNormal"><span> </span></p>
<p class="MsoNormal"><span>Why they can’t be linked? Format, what to do with it, cost</span></p>
<p class="MsoNormal"><span> </span></p>
<p class="MsoNormal"><strong><span>Data mining</span></strong><span>: a set of statistical routines that permit pattern detection in large data sets</span></p>
<p class="MsoNormal"><span> </span></p>
<p class="MsoNormal"><strong><span>Hierarchy of customer-focused marketing strategies</span></strong></p>
<p class="MsoNormal"><span>Customization</span></p>
<p class="MsoNormal"><span>Personalization</span></p>
<p class="MsoNormal"><span>Transaction</span></p>
<p class="MsoNormal"><span>Interaction</span></p>
<p class="MsoNormal"><span>Information</span></p>
<p class="MsoNormal"><span> </span></p>
<p class="MsoNormal"><strong><span>What do you do on the net?</span></strong></p>
<p class="MsoNormal"><span>            Task: pay bills, entertainment, purchase, communication, research</span></p>
<p class="MsoNormal"><span> </span></p>
<p class="MsoNormal"><strong><span>2004 survey</span></strong><span>:</span></p>
<p class="MsoNormal"><span>- search played a role in ½ of purchases</span></p>
<p class="MsoNormal"><span>- early searches used generic keywords, not brands</span></p>
<p class="MsoNormal"><span>- closer to purchase used brands</span></p>
<p class="MsoNormal"><span>- most concluded search well before purchase (few searched and purchased in one session)</span></p>
<p class="MsoNormal"><span> </span></p>
<p class="MsoNormal"><strong><span>Customer satisfaction</span></strong></p>
<p class="MsoNormal"><span>-         word of mouth (electronic): tell people about your purchase</span></p>
<p class="MsoNormal"><span>-         CLV</span></p>
<p class="MsoNormal"><span>-         Hard to know if customers are really satisfied</span></p>
<p class="MsoNormal"><span> </span></p>
<p class="MsoNormal"><strong><span>Segments of internet users</span></strong></p>
<p class="MsoNormal"><span>-         rural residents less likely to be online</span></p>
<p class="MsoNormal"><span>-         teenagers are heavy communicators</span></p>
<p class="MsoNormal"><span>-         seniors are less online</span></p>
<p class="MsoNormal"><span>-         usage segments include connectors, simplifiers, routiners, surfers, bargainers and sportsters</span></p>
<p class="MsoNormal"><span>-         broadband access in the home is key behavioral segmentation</span><span></p>
<p><span>How do you know if you’re successful in completing the tasks</span></p>
<p><span> </span></p>
<p><span>Customer satisfaction &#8211; viral marketing &#8211; word of mouth</span></p>
<p><font face="Arial"></p>
<p class="MsoNormal"> </p>
<p></font></span></p>
<p class="MsoNormal"> </p>
<p class="MsoNormal"><strong><span>Conventional market research</span></strong></p>
<p class="MsoNormal"><span><span>Primary research</span></span><span>                       <span>Secondary research</span></span></p>
<p class="MsoNormal"><span>Quantitative                              </span></p>
<p class="MsoNormal"><span>Qualitati</span><span>         <em><span>Customer/prospect</span></em></span></p>
<p class="MsoNormal"><span><span>Internet usage</span></span><span>                           <span>site use and transactional data</span></span></p>
<p class="MsoNormal"><span><span>data from 3<sup>rd</sup> party</span></span></p>
<p class="MsoNormal"><span> </span></p>
<p class="MsoNormal"><span> </span></p>
]]></content:encoded>
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		<title>interesting facts pt2</title>
		<link>http://blsciblogs.baruch.cuny.edu/wymbs/2008/09/17/interesting-facts-pt2/</link>
		<comments>http://blsciblogs.baruch.cuny.edu/wymbs/2008/09/17/interesting-facts-pt2/#comments</comments>
		<pubDate>Wed, 17 Sep 2008 18:28:15 +0000</pubDate>
		<dc:creator>myblogg</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://blsciblogs.baruch.cuny.edu/cwschin/?p=19</guid>
		<description><![CDATA[-about $30 million is spent on motion picture but 20% of that amt is spent mostly on internet marketing.
business models:
ex: Amazon
-traffic aggregator
-allows diversity of products
-goal is to have their viewer&#8217;s eyes fixed on their site.
ex: Wall Street journal (online)
-provides content, news and info
-online subscription= less traditional hassle
other examples:
ASP – Corio                                                               
Fundraiser – Red Cross                                               
Marketplace – Ebay
Multichannel [...]]]></description>
			<content:encoded><![CDATA[<p class="MsoNormal"><span>-about $30 million is spent on motion picture but 20% of that amt is spent mostly on internet marketing.</span></p>
<p class="MsoNormal"><strong><span>business models:</span></strong><strong><span><br />
</span></strong><span>ex: Amazon<br />
-traffic aggregator<br />
-allows diversity of products<br />
-goal is to have their viewer&#8217;s eyes fixed on their site.<br />
ex: Wall Street journal (online)<br />
-provides content, news and info<br />
-online subscription= less traditional hassle<br />
other examples:<br />
</span><span><span>ASP – Corio                                                               <br />
Fundraiser – Red Cross                                               <br />
Marketplace – Ebay<br />
Multichannel – Staples<br />
Open source – Linux, Apache<br />
Peer to peer – Kazaa<br />
Portal – Yahoo<br />
Infomediary – Stockgroup Media<br />
Machine to machine – Otis elevator<br />
</span></span><strong><span>Revenue models:</span></strong><strong><span><br />
</span></strong><span>-advertising<br />
-e-commerce<br />
-associates<br />
ex: internet models, internet accessing</span></p>
<p class="MsoNormal"><span><strong><span>Direct response medium (internet):</span></strong><span> call to action, interactive, provides information, acquire, convert, and retain customers. </span></span></p>
<p class="MsoNormal"><span><strong><span>Critical strategy elements from direct-response perspective:</span></strong><span> offer, email list, media, service and support, and creative execution</span></span></p>
<p class="MsoNormal"><span><strong><span>Landing page</span></strong><span>- home page; people being abled to easily remember</span></span></p>
<p class="MsoNormal">
<div class="MsoNormal"><span><span><strong>main question in order to be successful in internet marketing=Why do you want people on your site?<br />
</strong></span></span></div>
<p><span><span></p>
<p class="MsoNormal"><span>Because they are not on anyone else’s site, they are able to explore your site, and they could possibly purchase something. </span></p>
<p class="MsoNormal"><span><strong>CLV (customer lifetime value):</strong> loyalty, brand recognition, cheaper to keep existing customers then to find new ones, need good customer service, have to determine which customers are most valuable (look at them over time). </span></p>
<p class="MsoNormal"><span><strong>Switching costs:</strong> the cost you pay by switching to something different. Changing email accounts (have to transfer your contacts), changing internet providers. This effects retention. </span></p>
<p class="MsoNormal"><span><strong>Testing:</strong> 2 products and 2 exposures.</span></p>
<p class="MsoNormal"><span>Who are you targeting? Who are you giving exposure to? How random? Who is your control group?</span></p>
<p><font face="Arial" color="#000000"><font size="3"></p>
<p class="MsoNormal"><span>Statistically compare the results. </span></p>
<p></font></font></span><font face="Arial" color="#000000"></p>
<p class="MsoNormal"> </p>
<p></font></span></p>
<p class="MsoNormal"> </p>
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