Direct
advanced search
Advertising | Contact Us | Multichannel Merchant Magazine | DM Buyer's Guide | E-Newsletters | Subscribe
Predictable, But Not Easy
Nov 1, 2006 12:00 PM , BY LARRY RIGGS
buyer's guide
Find any supplier you need - agencies, CRM, fulfillment, lists, e-commerce, paper, printers, telemarketing, and more.
Featured Categories
Lists and Data
Telemarketing
Database Marketing
E-commerce
Web Marketing
Agency & Creative Services
Print, Production & Paper
Lists and Data Processing
:: view all categories
Resource Center
Get free access to more than 50,000 list data cards - one of the most comprehensive databases in the industry.
>> Search Now
This Month in Direct Magazine
Deal With It
Direct had a full house for this year's list roundtable. Considering all the additional responsibilities on brokers' plates, that's impressive...

See Full July Issue


INSTITUTIONS LIKE SCHOOLS, hospitals, government offices and libraries represent a $4.1 trillion annual market. They're mostly recession-proof and very often are predictable product buyers.

But they're not easy to reach, said Mary English, assistant director of strategic alliances at MCH.

Institutional buyers behave differently from businesses because they're governed by a different set of accounting principals, English noted last month during DMA06 in San Francisco.

For example, most companies want to save as much money as possible to improve their bottom-line performance. But institutions must spend their entire budgets within the fiscal year or risk losing that money the next year.

For this reason, it behooves catalogers targeting school districts to mail between April and June, when their fiscal year typically ends. “You're not going to reach a school principal in August,” she stressed.

Institutions also have concentrated buying power, so marketers can spend less money targeting purchase influencers and buyers than they do prospecting to companies. But, English warned, just sending catalogs to purchasing managers isn't likely to result in many sales because they often don't know who in their organizations needs what, and when they need it.

To get at colleges and universities, mailers are likely to do better targeting deans and department heads, English said. Similarly, marketers looking to penetrate elementary and secondary schools should mail to principals and, in some cases, individual teachers.

One of the more trying problems in targeting institutions is the inadequacy of the Standard Industrial Classification code, which she claimed is not sufficiently detailed to uncover the right prospects.

“Institutions are covered by only 50 SIC codes but account for one- third of the gross domestic product,” she said.

One way around this is to investigate the numerous specialized databases that exist in the institutional field.



Back to Top

Browse Issues
Direct Cover Direct Cover Direct Cover Direct Cover Direct Cover Direct Cover Direct Cover
0
July 1, 2007 June 1, 2008 May 1, 2008 April 1, 2008 March 1, 2008 February 1, 2008 January 1, 2008
Browse Back Issues
Browse E-Newsletters
0 0 0 0
0
0 0
0