Data

An ABC Introduction to Data Mining for Dollars: Slicing and Dicing Your In-House List for Profit (Part 2 of 2)

Headshot of Wendy Montes de Oca
By Wendy Montes de Oca

In my last post, I introduced the RFM method, an effective direct response strategy to slice and dice your list for better conversion rates.

The “R” represented recency—how long your customers have been with you.

Today, I’m going to talk about the other components of frequency and monetary:

Frequency
This segmentation tactic is another way to break down your house list: by how frequently customers have bought from you. So once you’ve divided your list based on recency, you look at it in terms of your customers’ purchase behavior.

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Headshot of Wendy Montes de Oca

Wendy Montes de Oca

Often referred to as the 'marketing maven' by industry peers, Wendy Montes de Oca, MBA has nearly 20 years of experience in marketing, media, and publishing with expertise in multichannel, direct response, and Web marketing. Wendy has generated more than million in total revenues for Fortune 500 companies, top publishers, consulting clients, and her own firm, Precision Marketing and Media, LLC. She is the creator of the groundbreaking SONAR Content Distribution Model and author of the best-selling book Content Is Cash: Leveraging Great Content and the Web for Increased Traffic, Sales, Leads and Buzz [Que Publishing, Paperback].

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