1 to 1 marketing: can we see a budget on that, please?
Tuesday, January 16th, 2007 by Hugh KennedyPaul Nunes and Jeffery Merrihue score some great points in the new Sloan Management Review article “The Continuing Power of Mass Advertising” about the significant costs of a 1 to 1 marketing approach versus a mass audience approach in marketing. First and foremost, it costs a lot more to microtarget. You need CRM software packages, clean data and applications to make it cleaner, and the tools to personalize interactions. And unless your whole 1 to 1 strategy is closely tied to corporate strategy, forget it. (more…)

