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EDDM is Every Door Direct Mail. This goes by zip code or neighborhood within a zip code.
Mailing Lists are another type of Direct Mail Marketing that uses the demographics to target specific aspects. For example, rather than targeting neighborhoods you know likely fit your target market, you can target married homeowners aged 30-40 who have kids and shop online, or choose one or more aspects to target and only mail to those people who meet the criteria for that campaign.