EVA: The Real Key to Creating Wealth: Al Ehrbar

• Filed under: Recommended

Editorial Reviews

Al Ehrbar says there’s a more meaningful way to gauge a company’s performance than by quarterly earnings or other traditional yardsticks. It’s called EVA, or economic value added, and it’s helped turn companies like Coca-Cola into great engines of profit for shareholders. In EVA: The Real Key to Creating Wealth, Ehrbar describes how the formula works and how it can determine how efficient your company really is.

Unlike other financial ratios like EPS, or earnings per share, and ROE, or return on equity, EVA takes into account a critical factor: the cost of capital, or how much it costs to produce $1 in profit. Other measurements can be misleading because they show profits without deducting the price of producing them–a company that spends $1 to earn $1 could still appear profitable. As a result, Ehrbar says, those ratios can often show “accounting profits” rather than true profits as does EVA.

Ehrbar, a former editor and writer at such publications as Fortune and the Wall Street Journal, builds a convincing case for EVA. Take Wal-Mart vs. Kmart in the 1980s, Ehrbar writes. By traditional accounting measures, Kmart appeared to be the more profitable company, with an average gross profit margin of about 29 percent, while Wal-Mart’s was only about 23 percent. But over the decade, Kmart’s market value plummeted and Wal-Mart’s surged. “So why was Wal-Mart a winner and Kmart a loser? Because Wal-Mart was using its capital more efficiently,” Ehrbar writes, with higher sales per square foot of space and lower inventory as percentage of sales than Kmart. While EVA is geared for corporate managers, investors also will find a comprehensive method for judging a company’s value. –Dan Ring

From Booklist
Stem Stewart & Company has made a significant contribution to the field of corporate finance through its development of EVA, or Economic Value Added. Ehrbar is a senior vice president of the firm. The research of Nobel laureates Merton Miller and Franco Modigliani provided the original basis for EVA, which measures a company’s true profitability and provides a strategy for creating corporate and shareholder wealth. EVA is a performance measure and the basis for incentive compensation that drives behavior, making management actions and shareholder needs compatible. It forces managers to act like owners by holding monies at risk that are lost to them if improvements in performance are not sustained. Stem Stewart has expanded its application of EVA incentives beyond the executive level, down to workers on the shop floor, and we learn of instances in which the application of EVA has dramatically increased a company’s stock price. Although this book is an infomercial for Stem Stewart, it should be noted that EVA has made an important contribution to modern business thought. Mary Whaley

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Email Marketing By the Numbers: How to Use the World’s Greatest Marketing Tool to Tak Any Organization to the Next Level: Chris Baggott, Ali Sales

• Filed under: Recommended

Editorial Reviews

Review
“I would challenge anyone…not to gain something from reading this book.”  (Marketing Direct, January 2008)

Praise for EMAIL MARKETING by the NUM8ERS

“At last-a book that marketers can use to gain real respect from CFOs and CEOs who care about the bottom line. Baggott, author of the award-winning blog ‘Email Marketing Best Practices,’ clearly explains how to make your campaigns perform measurably better. The secret’s in your test results.”
—Anne Holland, President, MarketingSherpa

“Despite its proven power, email marketing receives a fraction of the attention given to other, fancier media. This week you’ll probably hear far more about mobile videocasting (or some such fashion) than you will about email marketing. You can help correct this imbalance by reading this book.”
—Rory Sutherland, Vice Chairman, Ogilvy Group, London, UK

“Baggott’s wonderful new direct marketing book is loaded with practical advice and recommendations from some of the best minds in the industry. Email Marketing by the Numbers should be read by everyone in the industry who wants to profit from acquiring and retaining customers.”
—Arthur Middleton Hughes, Vice President/Solutions Architect, Knowledge Base Marketing, and author of Strategic Database Marketing

“Amidst the confusion and changing landscape of the Web, Baggott is one of the clear thinkers who can cut through the hype and help you understand how to drive revenues through the use of marketing technology.”
—Scott Burkey, Business Development Executive, Definition 6

“Baggott is the ultimate Web 2.0 entrepreneur who takes Email 2.0 to a new level. In Email Marketing by the Numbers, he gives marketers instructions for creating one-to-one conversations with prospects and customers. This book should be on the desk of every marketer in every company, big or small.”
—Scott Maxwell, founder, OpenView Venture Partners

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Permission Marketing : Turning Strangers Into Friends And Friends Into Customers: Seth Godin

• Filed under: Recommended

Editorial Reviews

Seth Godin, one of the world’s foremost online promoters, offers his best advice for advertising in Permission Marketing. Godin argues that businesses can no longer rely solely on traditional forms of “interruption advertising” in magazines, mailings, or radio and television commercials. He writes that today consumers are bombarded by marketing messages almost everywhere they go. If you want to grab someone’s attention, you first need to get his or her permission with some kind of bait–a free sample, a big discount, a contest, an 800 number, or even just an opinion survey. Once a customer volunteers his or her time, you’re on your way to establishing a long-term relationship and making a sale. “By talking only to volunteers, Permission Marketing guarantees that consumers pay more attention to the marketing message,” he writes. “It serves both customers and marketers in a symbiotic exchange.”

Godin knows his stuff. He created Internet marketer Yoyodyne and sold it in 1998 to Yahoo!, where he is a vice president. Godin delves into the strategies of several companies that successfully practice permission marketing, including Amazon.com, American Airlines, Bell Atlantic, and American Express. Permission marketing works best on the Internet, he writes, because the medium eliminates costs such as envelopes, printing, and stamps. Instead of advertising with a plain banner ad on the Internet, you should focus on discovering the customer’s problem and getting permission to follow up with e-mail, he writes. Permission Marketing is an important and valuable book for businesses seeking better results from their advertising. –Dan Ring

From Publishers Weekly
Godin, a business whiz kid who does direct marketing for Yahoo!, asks a provocative question: Does advertising work? He cites example after example of recent misguided campaigns, a “waste jamboree” of traditional ads aimed at consumers who no longer care. There’s an “infoglut” out there, he says, of ads in myriad media whose only power is to “interrupt” people’s lives. Godin’s professional journey to his current status as a guru of online promotion began with his work for such industry bigs as Prodigy and AOL. Now, he specializes in direct-mail campaigns online, where he takes advantage of the interactive nature of the technology. Using traditional terms such as reach and frequency to define his efforts, he moves further, into the touchy-feely area of “permission marketing,” his term for developing a personal relationship with consumers, where they actually enjoy receiving correspondence. On tape, Godin’s message is winning because of his youthful attitude: self-assured, at times cocky, but always sensible. Based on the 1999 Simon & Schuster hardcover. (Aug.)
Copyright 1999 Reed Business Information, Inc.
–This text refers to an out of print or unavailable edition of this title.

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order Permission Marketing : Turning Strangers Into Friends And Friends Into Customers: Seth Godin now and save money!

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Internet Direct Mail : The Complete Guide to Successful E-Mail Marketing Campaigns: Robert W. Bly, Michelle Feit, Steve Roberts

• Filed under: Recommended

Editorial Reviews

Product Description

Direct marketing via the Internet is the best way to avoid the rising printing and mailing costs of traditional direct mail. Plus, it’s more effective! An online campaign will often turn a profit even if the entire mailing produces only 1 percent response or less! If you’re ready to try e-mail marketing, or if you’re already doing it and want to know more, Internet Direct Mail has all the information you need. From selecting products and offers to writing copy and incorporating rich media-like video clips or audio into an e-mail, Internet Direct Mail shows you step by step how to create, send, and track a highly successful e-mail campaign. This guide also includes the authors’ carefully compiled, invaluable lists of resources for:

• E-mail list brokers and service bureaus
• Credit card companies and corporations offering merchants accounts
• Books and software on Web marketing
• Online advertising services

Internet Direct Mail offers insight, advice, and step-by-step assistance from seasoned direct-marketing professionals who have experienced great success with Internet campaigns. Their expert guidance will help you make sound decisions about your offer, your creative, your list, your fulfillment, your method of measurement, and many other issues–allowing you to start and run a smooth, professional, results-oriented e-mail campaign.

Book Info
A guide to direct marketing via the Internet, teaching step-by-step how to create, send, and track a highly successful e-mail campaign. Includes lists of resources for e-mail list brokers and service bureaus, credit card companies and corporations offering merchant accounts, books and software on Web marketing, and more. DLC: Internet marketing.

$Order From Amazon and save money$

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Permission Marketing : Turning Strangers Into Friends And Friends Into Customers: Seth Godin

• Filed under: Recommended

Editorial Reviews

Amazon.com
Seth Godin, one of the world’s foremost online promoters, offers his best advice for advertising in Permission Marketing. Godin argues that businesses can no longer rely solely on traditional forms of “interruption advertising” in magazines, mailings, or radio and television commercials. He writes that today consumers are bombarded by marketing messages almost everywhere they go. If you want to grab someone’s attention, you first need to get his or her permission with some kind of bait–a free sample, a big discount, a contest, an 800 number, or even just an opinion survey. Once a customer volunteers his or her time, you’re on your way to establishing a long-term relationship and making a sale. “By talking only to volunteers, Permission Marketing guarantees that consumers pay more attention to the marketing message,” he writes. “It serves both customers and marketers in a symbiotic exchange.”

Godin knows his stuff. He created Internet marketer Yoyodyne and sold it in 1998 to Yahoo!, where he is a vice president. Godin delves into the strategies of several companies that successfully practice permission marketing, including Amazon.com, American Airlines, Bell Atlantic, and American Express. Permission marketing works best on the Internet, he writes, because the medium eliminates costs such as envelopes, printing, and stamps. Instead of advertising with a plain banner ad on the Internet, you should focus on discovering the customer’s problem and getting permission to follow up with e-mail, he writes. Permission Marketing is an important and valuable book for businesses seeking better results from their advertising. –Dan Ring

From Publishers Weekly
Godin, a business whiz kid who does direct marketing for Yahoo!, asks a provocative question: Does advertising work? He cites example after example of recent misguided campaigns, a “waste jamboree” of traditional ads aimed at consumers who no longer care. There’s an “infoglut” out there, he says, of ads in myriad media whose only power is to “interrupt” people’s lives. Godin’s professional journey to his current status as a guru of online promotion began with his work for such industry bigs as Prodigy and AOL. Now, he specializes in direct-mail campaigns online, where he takes advantage of the interactive nature of the technology. Using traditional terms such as reach and frequency to define his efforts, he moves further, into the touchy-feely area of “permission marketing,” his term for developing a personal relationship with consumers, where they actually enjoy receiving correspondence. On tape, Godin’s message is winning because of his youthful attitude: self-assured, at times cocky, but always sensible. Based on the 1999 Simon & Schuster hardcover. (Aug.)
Copyright 1999 Reed Business Information, Inc.
–This text refers to an out of print or unavailable edition of this title.

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Internet Direct Mail : The Complete Guide to Successful E-Mail Marketing Campaigns: Robert W. Bly, Michelle Feit, Steve Roberts

• Filed under: Recommended

Editorial Reviews

Product Description

Direct marketing via the Internet is the best way to avoid the rising printing and mailing costs of traditional direct mail. Plus, it’s more effective! An online campaign will often turn a profit even if the entire mailing produces only 1 percent response or less! If you’re ready to try e-mail marketing, or if you’re already doing it and want to know more, Internet Direct Mail has all the information you need. From selecting products and offers to writing copy and incorporating rich media-like video clips or audio into an e-mail, Internet Direct Mail shows you step by step how to create, send, and track a highly successful e-mail campaign. This guide also includes the authors’ carefully compiled, invaluable lists of resources for:

• E-mail list brokers and service bureaus
• Credit card companies and corporations offering merchants accounts
• Books and software on Web marketing
• Online advertising services

Internet Direct Mail offers insight, advice, and step-by-step assistance from seasoned direct-marketing professionals who have experienced great success with Internet campaigns. Their expert guidance will help you make sound decisions about your offer, your creative, your list, your fulfillment, your method of measurement, and many other issues–allowing you to start and run a smooth, professional, results-oriented e-mail campaign.

Book Info
A guide to direct marketing via the Internet, teaching step-by-step how to create, send, and track a highly successful e-mail campaign. Includes lists of resources for e-mail list brokers and service bureaus, credit card companies and corporations offering merchant accounts, books and software on Web marketing, and more. DLC: Internet marketing.

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Email Marketing By the Numbers: How to Use the World’s Greatest Marketing Tool to Take Any Organization to the Next Level: Chris Baggott, Ali Sales

• Filed under: Recommended

Editorial Reviews

Review
“I would challenge anyone…not to gain something from reading this book.”  (Marketing Direct, January 2008)

Product Description
Praise for EMAIL MARKETING by the NUM8ERS

“At last-a book that marketers can use to gain real respect from CFOs and CEOs who care about the bottom line. Baggott, author of the award-winning blog ‘Email Marketing Best Practices,’ clearly explains how to make your campaigns perform measurably better. The secret’s in your test results.”
—Anne Holland, President, MarketingSherpa

“Despite its proven power, email marketing receives a fraction of the attention given to other, fancier media. This week you’ll probably hear far more about mobile videocasting (or some such fashion) than you will about email marketing. You can help correct this imbalance by reading this book.”
—Rory Sutherland, Vice Chairman, Ogilvy Group, London, UK

“Baggott’s wonderful new direct marketing book is loaded with practical advice and recommendations from some of the best minds in the industry. Email Marketing by the Numbers should be read by everyone in the industry who wants to profit from acquiring and retaining customers.”
—Arthur Middleton Hughes, Vice President/Solutions Architect, Knowledge Base Marketing, and author of Strategic Database Marketing

“Amidst the confusion and changing landscape of the Web, Baggott is one of the clear thinkers who can cut through the hype and help you understand how to drive revenues through the use of marketing technology.”
—Scott Burkey, Business Development Executive, Definition 6

“Baggott is the ultimate Web 2.0 entrepreneur who takes Email 2.0 to a new level. In Email Marketing by the Numbers, he gives marketers instructions for creating one-to-one conversations with prospects and customers. This book should be on the desk of every marketer in every company, big or small.”
—Scott Maxwell, founder, OpenView Venture Partners

See all Editorial Reviews

See all Editorial Reviews&order

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