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The Fundamentals of Direct Marketing - LOCTR

LOCTR (Lord of the Rings with a C in the middle) stands for - List Offer Creative Time Response

The pillars of Direct Marketing. Just watched a hippoBrain conversation featuring Sandeep Mittal on Direct Marketing & Data Analytics. How he feels everyday is new and there is still lots to learn. Some really thought invigorating points -

- It is not just good to be wrong, you should get wrong once in a while (makes the model stronger)

- Remember past data has biases because of human errors and make predictions biased, so factor it in

- All models are inherently wrong, but useful

- When you start getting it right - audience will reward you

- Make the customer feel it is for them, they will remember it for time to come

- Story Telling in Data is all about creating compelling & purposeful narrative

And most importantly

“You have the power to Nudge a Behaviour”

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