Measuring and Improving Marketing Effectiveness
   
Professional Marketing Development Series



Over $750 Billion trained !

 
 
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Do you have trouble justifying your marketing budgets?

Can you easily determine which marketing activities are working better than others?

In an ideal world we would know how every customer and consumer makes their purchase decisions, how they respond to our (and our competitors’) marketing and how they develop preference for our products and services. At the other end of the spectrum it would be great to be able to know how our marketing budget is being spent. How much is spent on coupons, how much on direct mail or how much is spent on any our of our media options.

This white paper discusses several of the key marketing decision support tools to help provide the support marketers need in order to deliver increased profit at lower risk, for the same level of budget. It talks about cutting edge tools, such as:

  • Agent-Based Modeling – A bottoms up model of the consumer including choice, segmentation, equity and competitive differentiation
  • Marketing Mix Modeling – A statistical approach deriving ROMI coefficients between marketing drivers and consumer/customer response
  • System Dynamics – A top down approach to determining relationships along the purchase funnel
  • Conjoint Analysis/Discrete Choice Modeling – A consumer oriented approach based on how consumers make choices between product features, brands and price

Get ready to take your marketing planning process to the next level!

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The author, Guy R. Powell, has been both on the client side as VP of Marketing, VP of Sales and is now providing consulting services to both small and large companies alike to help them improve the effectiveness of their marketing.

Since beginning this consulting practice he has provided training to help thousands of marketers representing over $1 Trillion in revenue.

For business-to-business marketers he wrote the book Return on Marketing Investment: Demand More from Your Marketing and Sales Investments. His upcoming book will provide similar level of structure to the problem of improving marketing effectiveness for consumer marketers.