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Why Marketers Need External Research And Analytics To Measure Customer Response

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neemamanjunath
Why Marketers Need External Research And Analytics To Measure Customer Response

Information marketers are the digital "silent sales people" of the digital world. If you want to be a digital "silent sales person" it is important to understand the difference between being an information marketer and a salesperson. Salespeople are able to close sales, whereas information marketers are primarily or wholly reactive in nature. Being an information marketer often involves creating and distributing electronic newsletters, business newsletters, or trade publications with the intent to inform rather than sell. Information marketers have the ability to provide insight, recommendations, or even turn that information into selling.

There are three basic categories of information marketers who use information products to help them make more informed decisions about potential customers and clients. There are two major types of information products: physical products and information products delivered over the Internet. There is a distinct difference between physical and information products, which makes the difference between an information marketer and a salesperson. Physical products such as printed books, CDs, DVDs, or other information products must be shipped to the potential customer. Selling information products over the Internet does not require the potential customer to leave their homes, so information marketers can reach potential customers at any hour of the day or night from anywhere in the world.

Information marketers typically create and distribute a variety of data products. They may create webinars, newsletters, or data packs that provide tips on various topics and share company information systems. Webinars are interactive demonstrations that allow marketers to discuss various topics in a friendly manner. Newsletters often contain links to external websites and reports, but information systems may also include manuals, books, technical manuals, newsletters, and database products.

Marketing professionals should always attempt to create a product that is of value to the reader. In order to develop valuable information products, marketers need to have a solid knowledge of the market, which ideally includes a thorough understanding of the competition, what potential customers are looking for, and how they search the Internet. Once marketers have a good understanding of their target audience and a good understanding of how the Internet works, they can begin to develop information products that provide the reader with a better understanding of their industry. This will increase the chances that the reader will purchase the product or service. A better understanding of one's market ensures that marketers will be more effective in terms of identifying new trends and creating new strategies.

Marketers also rely heavily on competitive intelligence to understand how competitors are marketing and determine what tactics they may use to maintain or increase market share. Competitive intelligence includes studying how competitors interact online, examining competitor marketing and advertising techniques, reviewing the pricing structure, researching competitor pricing structures, and studying customer preferences. All of this research will lead marketers to establish a better understanding of who their target audience is and how to reach them. Additionally, research conducted on competitors will provide marketers with a better understanding of how to price their products or services to gain an advantage over competitors.

Marketers also rely on internal data to maintain information about current trends and consumer behavior. For example, if a marketer believes that current television advertising is too costly, they will want to gather more data on current television viewers to increase their understanding of how consumers feel about it. If a marketer has a strong opinion that younger audiences are more likely to purchase their products and services, they will want to gather information from prospective customers as well. All of these internal pieces of data will contribute valuable information to marketers who use them to determine whether there is a need to re-target their marketing campaigns or whether they should simply keep existing campaigns going. Internal customer data will also help marketers create compelling advertisements that successfully capture the attention of prospective customers.

External research can provide marketers with another great source of information. The research done by competitors and third parties allows marketers to get an inside look at what competitors are doing to improve their businesses. Having this insight can help marketers create better strategies to take advantage of competitors' mistakes and shortcomings while also identifying opportunities for improvement.

Marketers have many tools at their disposal to help them succeed in their businesses. Marketers should use all of these tools to make sound decisions that will maximize return on investment. Creating effective marketing analytics and information systems is a critical part of doing so. Creating effective internal data and external research helps marketers take advantage of these tools to create a successful business.

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