Adding the "P" (Product Category) to RFM (1,079 words)
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3. Product category can be used along with RFM as a segmentation tool in determining future mailing, bounce-back promotions, special Internet offers, etc.
4. Internet promotional opportunities are ripe with opportunity based on product category.
The bottom line: Product category may be a hidden key in your database that unlocks a future revenue and profit stream. Track it and test it as part of a new RFMP database tool.
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- Companies:
- J. Schmid & Assoc.
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