Strategy Alternative Prospecting Methods (1,424 words)
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It costs money to prospect. Very few catalogers can prospect above the incremental break-even point. Catalogers won't see a profit from that buyer until he or she purchases multiple times. The goal should be to generate new buyers with the most lifetime values at the lowest possible costs. This can be achieved only through testing.
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- Companies:
- Lett Direct Inc.
- People:
- Stephen R. Lett
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