The passing of Steve Jobs, The Greatest Innovator of All Time, two weeks ago prompted me to reflect on innovation. I think of Steve Jobs as the Thomas Edison of our time. The light bulb changed the way we live and so did the innovations that Apple produced. Specifically, I began to reflect on new ideas and innovations that have benefited our specialty catalog market. Read the rest of this entry »
POINT OF VIEW: Where Have All the Innovators Gone?
Tuesday, October 18th, 2011 by Rod FordPosted in Newsletter, Point of View | No Comments »
FEATURE ARTICLE: A Primer on Analyzing Campaign Response: Tips for Balancing Accuracy with Opportunity Cost
Tuesday, October 18th, 2011 by Al BessinAs I try to unravel complex issues, I find that there is significant value in going back to the basics, boiling the complexity down to the simplest elements, and taking a fresh view. This is the case with trying to untangle the myriad results of different marketing campaigns across a mixture of media. Read the rest of this entry »
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CASE STUDY: In Search Of a More Accurate Response Matchback
Tuesday, October 18th, 2011 by Todd MillerRegular readers of Strategy Insights, I am certain, are familiar with response matchbacks. Whether these processes, aimed at allocating demand to prior promotions, are performed by a data processing services provider, by ChannelView (Epsilon/Abacus), or internally, the rate at which transactional records match promotions files, in our experience, runs anywhere from 35% on the low end (for multi-channel retailers that have a particularly strong and established brand and Internet presence, especially with respect to new customer acquisition, this percentage is not atypical) to 90% on the high end. For retailers that advertise primarily via direct mail (e.g., print catalogs, flyers, solo mailers), this percentage usually lands between 65%–80%. Read the rest of this entry »
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CIRCULATION TIP: The Importance (or Not) of Finding Completely New Prospects
Tuesday, October 18th, 2011 by Alexandra SingerA new client recently brought up an interesting question—is it really worth it to mail previously mailed prospect names? Their thinking was that in such a big market as the US and their particular niche, there must be good names available that we just haven’t found or contacted yet because we’ve been concentrating our prospect circulation on top round co-op models and a few select lists. And the overlap between said top round co-op models is extremely high. Read the rest of this entry »
Posted in Circulation Tip, Newsletter | No Comments »
MULTICHANNEL TIP: Hitting the Wall
Tuesday, October 18th, 2011 by John LenserLast week I had conversations with a “pure play” ecommerce retailer, a “flash discount” email-marketing firm, and a traditional catalog company. While the marketing approach of all three companies could not be more different, they all had one common problem—while they had initially experienced rapid sales growth, sales were leveling off and their profits were declining. Read the rest of this entry »
Posted in Multichannel Tip, Newsletter | No Comments »
EMPLOYEE SPOTLIGHT: Allison Baumhefner
Tuesday, October 18th, 2011 by adminWhen Allison Baumhefner finished graduate school in Arizona, she returned back to her childhood home of Santa Cruz and immediately began working at West Marine. She reported to Michelle Farabaugh (now an EVP at CognitiveDATA) who says of Allison, “She is one of those extraordinary people who you always want to have on your team. Her attention to detail and dedication to drive continuous improvement in results through database marketing is a valuable asset. A new challenge or problem sparks her creativity in looking at database marketing in new ways.” Read the rest of this entry »
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NEWS BRIEFS
Tuesday, October 18th, 2011 by admin• The NCDM (National Conference for Database Marketers) is hosting its annual conference in Las Vegas this year at the Caesar’s Palace Hotel! Want to meet up with a CognitiveDATA team member? Email Lydia Miner-Voigt to schedule a meeting.
Posted in News Brief, Newsletter | No Comments »
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