Note on LowTech Marketing Math Note Robert J Dolan 1998
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In 1998, I read “Note on Low-Tech Marketing,” by Robert J Dolan, the founder of the popular “Technique for Building Relationships,” a low-tech marketing course, I thought I’d summarize the main points here, using Google searches, and hope my memo helps to make a few people in the field take notice: 1. Techniques and Tools: The key here is techniques and tools — not systems. There are so many out there, some free, some paid. If
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“The real world is too complex, too difficult, too expensive and too technical for the “gamers,” the “geeks” and the “hard-on-marketing” to make it work.” (p.29) In the , you tell us that in 1998, I wrote a book about low-tech marketing. But to tell you the truth, it’s not so much about low-tech as it is about using the most natural methods possible, without spending much time, effort or money. It’s the first and last
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“Marketing Math” Porters Five Forces Analysis 1) Bargaining power of buyers: (low) This is the power of buyers to raise prices. 2) Bargaining power of suppliers: (high) This is the power of suppliers to raise prices. 3) Competitive rivalry: (high) In a highly competitive industry, suppliers will have strong ties with their buyers, which reduces buyer bargaining power, and vice versa. more info here 4) Threat of new entr
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The best way to build customer loyalty and drive sales is to focus on customer needs. The best way to teach the customer how to do that is to teach them math (that’s right — math) . This is one of my many personal examples from my years of experience teaching Math and Marketing classes. Let me start with the basics. The customer is the center of the universe in business. If customers can’t buy the goods you offer, you’ve lost your customers. Let’s use the example of your favorite product, your lawn
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I am a retired math professor. When a new product comes along, I am inundated with it. Some of them never become much more than the best idea in my opinion, because of the price, or the product, or the delivery method. These ideas are good for the first sales, but not sustainable. However, if a product is worth more than a product that is cheap and poorly developed, people tend to pay more than the cost of development. I am proud to announce that I found something that works. The idea is simple, but not easy
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“The following are general for an appropriate use of financial calculations. Please use your judgment on any specific questions that arise. These do not take into account your specific situation.” I would suggest: A financial plan, in particular an initial investment plan, should start with the concept of investing for growth and should be based on the anticipated growth potential. When you anticipate a high growth opportunity, you can consider capitalizing for this reason alone and not worry about tax consequences. However, before considering any significant capitalization of your holdings
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1. “The Bottom of the Barrel” Based on a study of 71 U.S. Firms in the automobile-parts industry, published by the Business Council for Global Initiatives, BCG, Harvard Business Review’s journal in strategy, management, and operation, and reported in Financial Times, “The Bottom of the Barrel” (Bill Krohn, 1997), is a useful to the subject. The study suggests that companies with the highest profit margin (12.5% to 1