DocumentCode
3106549
Title
Direct Marketing When There Are Voluntary Buyers
Author
Lai, Yi-Ting ; Wang, Ke ; Ling, Daymond ; Shi, Hua ; Zhang, Jason
Author_Institution
Simon Fraser Univ., Burnaby, BC
fYear
2006
fDate
18-22 Dec. 2006
Firstpage
922
Lastpage
927
Abstract
In traditional direct marketing, the implicit assumption is that customers will only purchase the product if they are contacted. In real business environments, however, there are "voluntary buyers, " who will still make the purchase in the absence of a contact. While no direct promotion is needed for voluntary buyers, the traditional response-driven paradigm tends to target such customers. This paper presents "influential marketing, " targeting only those whose purchase decisions can be positively influenced, i.e. buyers who are non-voluntary. Our novel, practical solution to this problem gives promising results.
Keywords
consumer behaviour; learning (artificial intelligence); business environment; direct marketing; influential marketing; purchase decisions; response-driven paradigm; voluntary buyers; Business; Costs; Data mining; Loans and mortgages; Postal services; Telephony;
fLanguage
English
Publisher
ieee
Conference_Titel
Data Mining, 2006. ICDM '06. Sixth International Conference on
Conference_Location
Hong Kong
ISSN
1550-4786
Print_ISBN
0-7695-2701-7
Type
conf
DOI
10.1109/ICDM.2006.54
Filename
4053128
Link To Document