Tuesday, August 30, 2011

marketing.co.id-Portal Lengkap Dunia Marketing


Advertising- Fire & Marine by Kim Eung-seon


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A fateful day is coming when there will be no more advertising, marketing, or public relations. Why? Simple: we're killing our industry by being too successful at it.

The communications field keeps finding new ways to send sales messages to target audiences, and by utilizing these new methods to the maximum extent possible, we are strangling the effectiveness of all media. Quite frankly, marketing intrusiveness is out of control.

Ads Beyond Counting.
Some reports claim you'll view 10,000,000 ads in your lifetime, yet with new communication channels and new techniques of marketing, that number is probably under-estimated.

Sponsored data is built into your mail, e-mail, Web sites, video games, online games, magazines, newspapers, newsletters, and media broadcasts. Ads are delivered by TV, radio, phones, outdoor boards, private vehicles, and transit posters. Marketing messages are sprayed on walls, chalked on sidewalks, printed on condoms, acted out in the streets, waiting to ambush you in restrooms, and beamed at you from electronic displays of every shape, size, and description, including sound-emitting urinal cakes.

Viral creations contain ad messages. Word of mouth advertising (WOM) is expanding fast. Channel One delivers commercials to kids in schools.

In stores, RFID (radio frequency identification) chips track your purchases. Watch TV and your selections are tracked. Online, every click is monitored. That information is available for sale, so demographic and psychographic data can be accumulated and you, the targeted consumer, can be more accurately reached.

Sponsormania.
Phrases like this emerge from your radio and TV: "Welcome to the Nextel Halftime Report, brought to you by Toyota." They might reel off a whole string of sponsors for a ten-minute programming segment that features interviews with players and coaches wearing corporate logos while standing in front of electronically shimmering backgrounds displaying other corporate logos. The way we're going, we can soon expect to hear: "Welcome to C-SPAN's coverage of the Halliburton Congress, brought to you by Bechtel."

Ads by the Pound.
Grab the Sunday morning newspaper. Weight: 3.4 lbs. Remove the advertising booklets, inserts, leaflets, flyers, announcements, mini-magazines, and the classified section. Remaining weight of news sections: 1.2 lbs. But each of these sections also contains ads. And some entire sections could be viewed as ad-oriented, such as Entertainment, Style, Food, Real Estate and Automotive.

Most of us don't begrudge the puffery in the movie or TV sections, but we're blurring the line between information and marketing in all other areas of the paper.

In an "article" on a new car were the following phrases: "…unique charm… head-turning good looks along with outstanding usefulness... exceptional headroom… feeling of spaciousness… Definitely a good buy." Mileage was reported to be 22/city and 30/highway. Hardly impressive, yet the article concluded with "attractive gas mileage" as one of the vehicle's features.

I think money changed hands to get that favorable review. Or there was pressure on the writer to state everything in a positive manner so the auto maker as well as their dealers will take out more ads.

We've gotten used to these things in the auto, movie, TV, cooking, lifestyle and home sections. But now they're happening in every section. Indeed, they happen in every aspect of today's communications.

The Pay-To-Say Society.
In advertising, marketing, and public relations, editorial and news coverage are now available for a price. We are in the "pay-to-say" society.

Consider:
* Authors interviewed on TV: the time has been bought and paid for.
* That lighthearted TV show roundup of the best kitchen appliances: the products have been "placed" in the program (just as the clothing, cars, restaurants, cameras, TV sets, furniture, dishware and other products have been placed in movies and TV programming).
* That model/actress/hunk/entrepreneur on a magazine cover: the space has been sold according to a rate card, just like an ad.
* That "news report" on government support of education: the entire mock documentary was written, produced and distributed by the people who want to shape your opinion.

You may be reading this on a Web site that places ads all around the text and/or links to ads embedded in the editorial content, just awaiting your unsuspecting cursor to roll over them.

If you're reading this in a magazine, an RFID may be inside. (For that matter, there may be RFIDs in the lining of your jacket, in your shoes, in your jeans, or in that pack of gum in your pocket.)

The Truth: On Sale.
I once ghostwrote an article for a coalition of companies that made polystyrene products. Their industry was facing problems over the waste issue and they needed to have an upbeat but corporate magazine story about how dedicated they were to recycling. So I was paid three thousand dollars to state their case.

Since I was supplied with reams of input and interviews, the article was full of facts and figures about the miracles of their recycling process, the enticingly high percentage of re-used product that the industry could accommodate in its manufacturing processes, and on and on.

What wasn't in the article was one teeny tiny little fact: there was no means of collecting the used products in order for any of this recycling to take place. That minor detail negated the underlying point of the propaganda. Oops, I mean informative editorial piece.

With the improprieties of Jayson Blair and Judith Miller came doubts about the print media. These doubts grew after learning that a male prostitute was allowed to penetrate the White House press corps so he could lob softball questions to the president's Press Secretary.

The main problem with all of the "advertorial" placements, made-up stories, and outright lying is obvious. What is left for anyone to believe? With everything becoming an ad, people will start to turn away from ad messages in greater numbers.

The NASCARizing of Everything.
We've all seen and made fun of the maze of logos on NASCAR vehicles but now other sports are mulling the idea of ads on uniforms and equipment. Horseracing, the NBA, all sports are considering it.

The digital age has already enabled ads to be placed where ads don't actually exist. For example, there are continually-changing billboards behind the batter in televised baseball games. That would be distracting to the pitcher, so they don't appear in real life, only on your TV screen.

There's a new magazine called "Other Advertising" dedicated to the new forms of advertising intrusiveness. That's where I read about digital outdoor billboards that sense the FM station playing in your vehicle and change the display to match demographic choices that align with your choice of programming.

American Technology Corporation's HyperSonic Sound system and Holosonics' Audio Spotlight are perfecting the ability to direct audio messages to individuals passing nearby. So, for example, based on the RFID chip in your purchases, each person in a checkout line would hear a different ad. (Full disclosure: there is a message about ATC's HSS system in the song "Paranormal Radio" on my ELECTRO BOP album.)

AdverInfoEduTainment.
When I first wrote about the ways advertising messages were being placed inside almost every activity in the universe, I ended the article with some predictions that many people found outlandish, including:

* Debit card scanners in TV sets, so you can order during a commercial with the flick of your remote.
* Barcodes in songs, so you can download from iTunes or Real Rhapsody by swiping your XM or Sirius player with your Visa or MasterCard.
* Credit cards built into wristwatches.
* Interactive ads, where you get to star in a five-minute escape from reality.
* Holographic projections of commercials from postage stamps, car and house keys, magazine covers, etc.
* Microchips embedded under your skin, so YOU will be the receiver for TV, radio, satellite, telephone, and global positioning system signals

I was interviewed on many morning radio programs about how Big Brother might take over all forms of communication. This made for humorous drive-time banter, but what some people overlooked in my list of prognostications was the fact that every one of them had already come true by the time the article was published. They're not all being used in the marketplace due to high costs, but the announcements of their existence have been made.

Ad Industry Usefulness.
Without advertising, marketing, or PR, vital communication is thwarted and sales suffer. Company payrolls are cut and jobs are lost. Industries like manufacturing, packaging, transportation, and retailing are all hurt. Without us, parts of the economy evaporate like a puddle of water on sun-baked concrete.

So, what do we need to do? First, let's own up to what's going on. We justify things by developing highfalutin' names like "branded entertainment," "product integration," "street teaming," "buzz marketing," "positioned journalism," "secured placement," and the like. But when faced with intrusive technology for your marketing messages, ask yourself if you'd like to be assaulted by it. Let's treat consumers like someone we know. Let's treat them with respect instead of like a mark, a patsy, a rube, or a flock of sheep.

Second, can we attempt to insist on wit, taste and genuine humor in the ads and PR we create?

We advertisers are, at best, invited guests into people's homes or the public space. At worst, we are party crashers or unwanted intruders. And we're overloading everything with annoying messages.

Imagine if we behaved in this manner in our daily lives:

"Hi, Shirley! My good morning message is brought to you by Henderson's Hardware, for all your home improvement needs."

"Thanks, Jim! My Have-a-Nice-Day reply is courtesy Magnum Magnificence, your best choice for a complete line of lighting fixtures. Come to Magnum Magnificence and see the light."

Before it's too late, I hope we all see the light.


Friday, August 19, 2011

Evaluating Granite and Marble Countertops: Which A person Ought to You Choose?

Granite and marble are the two stones which means they're each durable, major, and incredibly difficult. Concurrently, because both these stones can truly previous a life time, they may be the two equally expensive and extremely tough to polish and set up. Because they're both stones, they're naturally patterned, for this reason, you could possibly get granite or surface encounters marble that is certainly not rather comparable to your layout within the catalog that you simply ordered so it will be best to actually see the actual item when choosing the kind of design and style and pattern that you simply want instead of relying only on pictures. The two are heat resistant and they usually do not scorch when positioned even which has a extremely hot product these as iron pots and pans.



Nevertheless, granite is way harder than marble and it truly is a lot more resistant to scratches and heavy impacts compared to marble. At the same time, granite is much more defiant to acids this sort of as vinegar, lemon juice, and tomato juice, and other items with high levels of acidity. That may help you superior realize the strengths of the two stones, permit us just take a nearer appear as to how they had been formed. Marble, and all its stone family members - onyx, travertine, and limestone on the onset were sediments built of shells, plant matter, animal skeletons, and silt which all settled on the bottom of bodies of h2o and immediately after years of currently being soaked in water, they solidify and turn into stones/ Marble’s principal part is calcium and that is the cause why it's got a tendency to react to acids these kinds of as vinegar and other beverages that contain citrus. Granite, on the flip side, is made up of crystallized minerals formed from the earth’s mantle at superior temperature. The final result can be a tough, very resistant stone. Marble can be scratched and etched by acids since it is built of calcium carbonate and that is very much like chalk however the only distinction is surface encounters marble is compressed and in a very crystallized kind. While in the very same way, marble has less designs, in reality it's additional commonly sold in its white shade so stains and mars may possibly stand out more subjected in marble. Granite incorporates a far more complicated pattern which will hide the stains better. Concerning models however, marble contains a finer, far more stylish appear than granite. The crystal formations in marble are more satiny and finer in nature which makes it appear much more luxurious. Granite has more substantial, pea-sized crystals which can be coarser towards the eye.



Ultimately, when it comes to sturdiness, the granite countertop could be a lot more tough and more resistant to stains and scratches although the looks are won by marble. Marble on the other hand is less expensive than granite nevertheless it involves higher routine maintenance. So, it all boils right down to what you truly want as a countertop. Would you settle for the countertop that is really hard-wearing and even though not as rather because the other one particular, or would you trade elegance for durability and strength?

Monday, August 15, 2011

New Hire Criminal Background Examine

An employment online background check is now generally carried out not just to possible workers but to current employees for marketing also. It is generally carried out to validate information found on an employee's resume or software type. It is also done to identify the best suited potential employee amongst the applicants. Also with what has occurred on September 11, 2011, employers are now extremely worried with the kind of employees they hire.

A background investigation consists of criminal, arrest, imprisonment, and intercourse offender documents. This is a kind of examine where state records are examined to research if a possible employee or present employee continues to be convicted or charged with any crime against the state.

Citizenship, immigration and legal working standing checks will also be done because American businesses are barred from employing unlawful employees from the Division of Homeland Safety and its Immigrations and Customs Enforcement Division.

Background Check by crbassett


Litigation records are also checked. Workers who frequently file discrimination cases might be identified as being a danger into a business therefore employers resort to litigation checks. Also, these companies who do company with the government don't wish to hire whistleblowers who file qui tam suits.

Driving and car records are also part of the background check, especially when a possible worker is applying for a driver position. Employers look for workers who've clean driving data or those who have no records of vehicular accidents or traffic tickets.

Drug test data will also be becoming checked. An employer wouldn't wish to employ drug addicts in his company because of corporate ethics, worker performance will be impacted and improve of workers' compensation premiums.

Schooling data are also component of the records search investigation. This really is done to confirm academic attainment of the possible worker and occasionally to check if applicant has had misdemeanor records in class.

Previous employment data might also be checked especially in the event the applicant will fill a delicate position in the business. This really is generally carried out verbally.

Monetary info can also be checked particularly in the event the place being crammed demands somebody to handle large amount of cash.

For professionals, licensing records are checked for complaints, disciplinary steps and investigations.

Health-related, psychological and physiological files will also be checked because a potential employee might not be match to function for wellness factors. A created consent in the applicant must be procured prior to heading via the entire procedure.

Social security number examine is also done because identity theft is fairly rampant. A past life might be concealed or an applicant might not have fulfilled the citizenship necessity may be verified through the social safety number.

Even though most the above records are public data and may be procured from different government agencies within the Usa of The united states, it is nonetheless extremely inconvenient for employers to do track record examine on its potential workers and even current employees. There are numerous private investigators who offer the support. Also, you will find 3rd celebration companies who also provide the same type of support. You will find also accessible on-line information financial institutions which can offer the essential information about individuals. What they do is they buy U.S. public data and provide them on-line for a charge.



Time for you to Repair A Low Credit score With a Bad Credit score Loan

Some are even looking at personal bankruptcy within their hard function to get rid of credit card debt. Bank card financial debt settlement could aid a borrower steer clear of that.

7 to ten Many many years

Bankruptcy has a extremely prolonged term damaging impact on the purchaser who uses it to get from debt. But, lots of Us residents are going via bankruptcy. Personal bankruptcy can stay in your credit score report from 7 to ten a long time. That smudge in your credit report will make it pretty difficult to get a residence, or a car, and even a job, within the long term. You will find other alternatives to bankruptcy for these with mind-boggling monetary financial debt, free credit score online or in every other situation.

Credit card debt Settlement a Fantastic Option to get rid of Credit score score Card Credit card financial debt

One these kinds of option that exists is really a tactic identified as financial financial debt settlement. What transpires is that a debtor negotiates having a creditor to pay back a portion of the financial debt. Hunting at the option - missed payments, frequent reminders and cellphone calls, bankruptcy - a creditor might probably extremely properly be eager to go more than a decrease payback quantity or reduce month to month payments. Specifically with so plenty of purchasers facing personal bankruptcy or even the prospect of defaulting, most collectors are delighted to obtain some funds somewhat than none. Forestalling bankruptcy may be an outstanding effective situation for each equally you and your creditor.

Canada Credit Fix - Equifax & TransUnion Credit Report Repair 1-866-530-3646 by www.canadacreditfix.com


Credit score Card Financial debt Settlement Negotiation

Approaching a mortgage company, perhaps a single you've needed to deal with in the past rather than on the most amicable conditions, can be intimidating. There is also a good offer of financial track document awareness the regular purchaser just doesn't have. The typical shopper just does not have a superior hold on their rights and strengths.

Pennies on the Dollar towards Eliminating Bank card Financial debt

Monetary financial debt settlement needs a free credit score negotiator approaching each and every single lender and negotiate a pay-back choice. Generally, this complete can be really important -- as much as 50% or a lot more with the authentic debt. So fairly a couple of people at current are on the brink of individual catastrophe, typically hunting to personal bankruptcy. Because of this, many collectors are relieved to become acquiring anything around the bank card debt somewhat than next to nothing. That can happen quickly have to a borrower declare bankruptcy.

Finding a Negotiator

Credit card financial debt negotiators know how to tactic loan companies along with other collectors. They've an in-depth know-how of financial markets, economic developments, and the fluctuation of curiosity charges and currencies. This info may be priceless when it arrive to negotiating a monetary debt settlement. Also, just following preliminary negotiations, the negotiator will be prepared to provide you the conquer shopper as to their rights and option pertaining to the bank card financial debt.

Payment Because of

Once all of the negotiations have taken area, and this can obtain weeks, particularly when you have much more than one or two creditors with whom you're making an try to get rid of bank card financial debt, the payments will probably be produced to the negotiator and he or she will maintain track that the conditions they've negotiated are kept. The debtor will end up doing one particular cost-effective payment the moment a month, to one particular place, at one rate of interest.

Wednesday, August 3, 2011

Help Making Money

Last August I wrote an article that highlighted the wide spread between the earnings yield on the S&P500 and the yield on treasury bonds. At the time the S&P 500 was in the 1,050-1,100 range which produced an earnings yield of around 7% based on consensus earnings expectations.


Meanwhile 10 year treasury yields had plunged below 3% in anticipation of QE2, producing a net spread between the two of more than 4%. Stocks were a better investment than bonds back then, and soon afterwards the equity market began a rally that took it some 25% higher before today’s list of concerns induced a pull-back. Treasury yields also rose over than time though in recent weeks they’ve dipped back below 3%.


Which brings us to today’s comparison. This morning The Wall Street Journal noted that 2011 full year earnings estimates provided by equity strategists are around $95. Consensus earnings using bottom-up forecasts are higher, which was the point of the article but that’s another story. $95 in earnings on today’s S&P500 of 1,280 is 7.4%, compared with 10 year treasuries of 2.9%. The spread between the two is back to where it was last Summer, in fact it’s even wider. Bonds are once again an unattractive investment.


This is not to ignore the risks currently facing investors. U.S. GDP growth has been disappointingly weak, and the headwinds from high gas prices as well as continued soft housing are weighing on the near term outlook. In addition the European debt crisis meanders on, with the entire world acknowledging Greece’s inability to satisfy its obligations while the EU and IMF persist in throwing good money after bad.


This week’s vote on austerity in the Greek parliament will usher in another round of tax revenue and privatization targets that are unlikely to be met. For this reason the Euro looks vulnerable, and if there are any surprises they’re likely to be negative ones.


Our equity accounts remain fully invested. We think there are good values to be found in selected stocks. One of our biggest positions in Microsoft (MSFT). It’s been a value trap for many investors, but they’ll likely earn $2.58 a share this year and $2.77 next (their fiscal year end is June), and with cash net of long term debt of $38 BN or $4.50 per share the stock is at a P/E of 7.5.


We have also been adding to positions in retailers – specifically we like Family Dollar (FDO). Their low-income customer base will benefit from cheaper gas, and slower growth tends to help this sector as cash-strapped consumers trade down. But FDO also has the opportunity to improve its margins; their sales revenue per square foot is only $163 whereas Dollar General (DG) manages $194. FDO’s operating margin is only 7.3% compared with 10.7% at Dollar Tree (DLTR). Improving these metrics should allow FDO to grow earnings faster than its peers. Holders of their stock include a number of value-seeking investors such as Pershing Square, Lone Pine and Paulson. Nelson Peltz offered $55-60 for the company earlier this year, and management’s rejection suggests they should have some concrete plans to raise the stock price themselves.


In Fixed Income we continue to focus our interest rate risk around the two year sector of investment grade bonds. We don’t like the risk of longer maturities – yields are way too low given the U.S. fiscal position. We continue to have some exposure to emerging market currencies where inflation, interest rates and growth are higher. However, we have trimmed this back recently as we think the EU/IMF/ECB management of Greece’s unsustainable debt  load is looking more likely to induce a crisis before the inevitable restructuring. This would be negative for the Euro, and therefore positive for the US$ against most currencies including emerging markets.


Disclosure: Author is Long MSFT, FDO



In one scene of the movie, Wall Street: Money Never Sleeps, big time capitalists, Bretton James and Louis Zabel, are negotiating a stock bailout for Zabel’s firm, Keller Zabel Investments. In doing so, they reveal two powerful negotiating techniques that can help you secure the best deal.


James offers Zabel a measly $2 per share. “Under these conditions”, starts off James, “… [James and co] are prepared to risk $2 a share”.


“2 bucks?”, questions Zabel, breaking out in a nervous laughter shocked by the ridiculously low offer. “You're out of your mind. The stock was trading at 79 a month ago. Our building alone is worth more than 2 bucks a share. My board will never accept this. There is no way I'm going to sell for 2 bucks a share.”


The government representative steps in to back up James, telling Zabel that the government could never justify a high price for his firm and that he has no other option. If he doesn’t sell then he faces bankruptcy.


But Zabel remains unmoved. “I'll take my chances in bankruptcy court before I sell to that barracuda” angrily responds Zabel.


A blanket of silence falls over the room. It looks like the deal is off. Neither party is willing to pay the price the other is wanting.


The Defining Moment


Realising that the negotiation has reached stalemate, James decides to do something completely unexpected. While he really wants to buy Zabel’s firm and knows he is getting a great deal, he decides to walk away.


“Then we have nothing more to talk about” says James as he gets up out of his chair and turns to walk away.


But just as James reaches the door, Zabel calls out "6". It’s a counter offer.


“3 and that's it” responds James.


“5”


“3”


“Alright, we'll call it an even 4. So we don't look so god damn pathetic.”


James pauses for a moment, looks at his colleague for confirmation, who nods back at him in agreement, before taking a step forward. “3, and not a dime more,” says James and locks in the deal.


There are two key negotiation techniques used in the scene above.


Negotiation Technique 1: Use Anchoring and Adjustment


James started at $2 and Zabel started at $6. In what is called Anchoring and Adjustment (see Those Clever People at Wikipedia and a little phenomenon called anchoring) initial values, regardless of how extreme, have a strong affect on final values. In this case, James used a $2 anchor, not because he thought he would get it for such a low price but because he knew it would get Zabel to start thinking low values. To counter that effect, Zabel used a $6 counter anchor to get James to start thinking higher values.


If you are selling, start by asking a high price. If you are buying, start with a low price. The technique will subtly but strongly influence the figure the other party has in their mind, therefore allowing you to get the best price.


Despite the effectiveness of the technique, however, many people will not feel comfortable asking for an excessively high or low figure because they don't want to appear unreasonable. That is, they don’t want to risk the Zabellian response, ‘are you out of your mind?’


For those people, negotiation technique two provides for a more comfortable approach.


Negotiation Technique 2: Walk Away


Who wins in a negotiation? The one who is willing to walk away.


Guess what? Be willing to walk away. Even if you are willing to pay the asking price, pretend like you can walk away. This technique is especially useful for people who don’t see themselves as hard line negotiators.


Why? Because you do not have to haggle, you do not have to offer unreasonable figures, and you do not have to have a big mouth to use this technique. All it requires is that you risk not making the purchase on that very day, which, for most purchases worth negotiating for, is worth risking for.


Here’s How You Do It:


Next time you are negotiating with a business supplier, nicely tell the person:


“Thanks for your help but the price you’re offering is beyond my budget” (or whatever reason you want to give).


“But I’ll tell you what I’ll do. I’ll leave you my name and number and if you can do me a better deal, then give me a call and we can take it from there."


Now if that is the best price the salesperson can do then you probably will not get a phone call, in which case you can just go back the next day or so and buy the product. But if they can do you a better deal then they will call you. After all, you have already proved to them that you are not willing to pay their asking price.


What is more, 9 times out of 10 you will not even have to come back. If the salesperson is able to do a better deal, they will usually offer it to you on the spot. It will probably be along the lines of, “alright let me try asking my manager again and see if we can do you a better deal”.


Having been on both sides of the negotiation table (as a salesperson and as a buyer), I have seen this technique work over and over for all deals great and small. It is not only one of the most powerful negotiation techniques, but also one of the easiest and comfortable to use, which makes it all the more useful in securing yourself the best deal. 




personal reputation management

NASCAR - CUP: BREAKING <b>NEWS</b> – Keselowski Hurt

Brad Keselowski was injured today at Road Atlanta…

NASCAR - CUP: BREAKING <b>NEWS</b> – Keselowski Hurt

Fox <b>News&#39;s</b> Twitter Keywords: Crime, Murder, Casey Anthony - Peter <b>...</b>

Fox News Twitter followers click on links about scary stuff. New York Times followers pay attention to basketball. And Economist readers are interested in yogurt.

Fox <b>News&#39;s</b> Twitter Keywords: Crime, Murder, Casey Anthony - Peter <b>...</b>

Great <b>news</b>: Service industry now slowing down, too « Hot Air

Great news: Service industry now slowing down, too.

Great <b>news</b>: Service industry now slowing down, too « Hot Air

Monday, August 1, 2011

Making Money on Internet


Australian ISP Internode today released its pricing for plans running on the National Broadband Network, the nation-wide government fibre-optic broadband network that intends to bring lightning-speed Internet to 97% of Australian premises.


But Internode managing director Simon Hackett said that these prices are “vulnerable to upward pressure” due to flaws in the way NBN Co’s wholesale program is structure and the ACCC’s decision to require 121 points of interconnect.


The plans are slightly superior to Telstra Bigpond’s current unbundled ADSL2+ in value for money, and more expensive than iiNet’s current offerings, provoking mixed feelings as to whether the NBN is really fulfilling the goal of making broadband more affordable for everyday Australians.


The NBN is in the very early stages of rollout, with parts of Tasmania and a few rural mainland towns currently having access to the network, which offers potential top speeds of 100Mbps downstream and 40Mbps up.










Banks Cashing In On Data



If a person's primary method of payment is some type of credit or debit card, the banks know everywhere that person goes, what they spend their money on, what their preferences are, what locations they frequent and so on.



Selling that data is an interesting method of making money for banks. Federal regulations are strict on what customer data banks can share and with what entities. According to the Tribune story, the bank's system is set up in such a way that the deals are coming from the bank, not from the merchant. Data is processed between the merchants and the banks through intermediaries, such as Cartera or Cardlytics. Personally identifiable information is randomized and customers are given numeric codes, of which only the bank will know who the user truly is.



According to the Tribune, 58% of customers have redeemed at least one deal. The incentive programs are opt-out, which 2% of customers have chosen to do. Merchant funded incentive programs could be a $1.7 billion vertical for the banking industry by 2015, even with the banks only taking 25% of the fee for the incentive.



Privacy, Data, Money = Advantage Banks



Opt-in or opt-out is a tricky question when it comes to data and privacy. Companies like Facebook have gotten into hot water with privacy advocates by making changes to their privacy policy and settings opt-out in a way or place that a lot of users will not notice or check. Think of it this way - are you getting offers from your bank? Did you remember the bank asking you if it could share your information or was it in the fine print of your cardholder's agreement somewhere?



When it comes to the Internet, money is inextricably tied to user data. The companies with the most data about their users tend to make the most money. Banks are the perfect avenue for incentivized deals because they can offer merchants exactly what they are looking for.



For instance, a 29-year-old male with an income above $40,000 that purchases shoes three times a year would be a perfect target for a deal from Designer Shoe Warehouse or Footlocker. Groupon cannot give merchants that level of granular information.



What will this mean for the fledgling daily deals industry going forward? Groupon had a litany of risk factors in its filing for its initial public offering and "inability to stave off competition and clones" was one of them. Facebook and Google are secondary players in this market. Both have created various types of deals and "offer" campaigns, and they both pose a problem to the primary players since they already have significant amounts of user data.



Yet, the banks have more information about customers than any Internet company ever could. If the financial industry starts muscling into deals, do the likes of Groupon and LivingSocial stand a chance?












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