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Suggest You - Direct Mail Marketing - Increase Efficiency & Sales
Windfall Profits Hidden In Your BusinessThere is money hidden in your business. Money that you could be using. Money that, unless you do something about it, will slip through your fingers and vanish without a trace.Where is this money – and how do you get it?Most businesses have many hidden opportunities for discovering “windfall profits” – but I want to focus on just one of those opportunities in this article.That “opportunity pocket” is: marketing and advertising.In my experience, almost every business – whether it be retail, service, professional practice, or “business to business” in its nature – is unconsciously letting profits slip away.Your biggest opportunity most likely lies hidden inside your underperforming sales copy (copy that isn’t selling as many units/contracts/ memberships as it potentially could be).If you want to make more sales without spending a single dime in additional ad costs, this article might be the most important document you read this year.Make Piles of Money With “Upside Leverage”“Upside Leverage” is a concept I learned from marketing genius Jay Abraham.We all know what leverage is trong>response, hit rate, number of sales and effect on revenue
5. ANALYZE the Direct Mail Marketing Test, draw your conclusion and Decide - Did you reach your primary purpose defined under section 1.?
- If your purposes where not reached find our why?
- What communication message and was most effective?
- What print material (flyer, brochure, postcard etc) and was most effective?
- What sales channel was most effective?
- When and how did the customer contact you?
= > Decide on final direct mail marketing message and product offering
= > Decide on the timing for the direct mail marketing campaign. 6. Take very good care of all CONTACTING CUSTOMERS - As a general rule - the more response alternatives your give your customer (Internet, mail, coupons, fax, telephone, SMS, in-person visits) the better is the hit rate.
- Assign responsible person on your company for managing the customer responses.
- Consider server capacity
Don't Cry Over Spilt Toner!Toner Spills, Clean Up and Prevention
Nothing is more aggravating then pulling the tab off of a toner cartridge and having it spill everywhere! In this article, you will learn what to do after a toner spill and what not to do. Also, we talk about prevention. This is really the object of the lesson. Preventing toner spills.Using the Chicopee Stretch and Dust Towel
These amazing yellow towels have a multitude of uses and can be used over and over again. Just stretch it and wipe up the toner spill. Use it to clean dust off of your copier, fax machine or printer, even your computer screen. Note: I am not trying to sell these towels, they just work so well! You can use a regular cotton towel if you would like.Investment
When a business buys a piece of equipment it is an investment. This investment should be cared for and maintained and it will give you many years of trouble-free use. In addition to having a qualified technician perform preventative maintenance on your equipment, I believe that the customer can play a key role in helping a machine run smooth and have a more trouble-free exi Direct mail marketing executed in a professional manner can make wonder for your business in terms of awareness, sales, brand building and customer interest. Here are 8 important factors for a successful direct mail marketing campaign.Marketing Alternatives: - Marketing in Local or national radio stations
- Advertisement in local or national newspaper
- Commercials on local or national TV
- Advertisement on billboards and posters
- Direct Mail marketing via local flyers, postcards, brochures etc
- Direct sales marketing through telemarketing
- Business to Consumer communication via SMS & mobile communication
Direct Mail Marketing – Primary Advantages for your business growth- Target Advertising - most important benefit is the targeting a specific group of customers.
- Personalization of Marketing Message - tailored to your customers specific needs based on previous transactions and gathered data.
- Optimization of Marketing Message - Because of its direct accountability, direct mail marketing can be tested to find the best address list or customer target group; the best product offer; the best timing for your sales or marketing campaign (and many other factors). Then the winning tests can be rolled out to a wider audience for optimal results.
- Secific data collection on customers - Responses (and non-responses) can be added to the database, allowing future mailings to be better targeted.
Successful Direct Mailing Campaign in 8 steps:1. Define PRIMARY PURPOSE of your Direct Mail Marketing Campaign - Information regarding launch of your newly established company
- Increase sales and customer contacts
- Decrease customer churn
- Increase profitability from existing consumers
- Counter on competitor activities and product offerings
- Advertise your company’s new products / services
- Advertise a promotion and limited sales campaign
- Brand building for your existing product line or company
- Others marketing purposes not covered in this article
2. Marketing decisions based on UNDERSTANDING YOUR CUSTOMERS- Marketing Message – What and when do you want to communicate and to whom?
- Total cost for the campaign; e.g. marketing material, advertisement costs, purchase of address information, distribution costs, and follow up costs such as telemarketing.
- Sales targets – What is the total number of shipments, the number of responses, and the average order value per response?
- Effect on churn levels on existing customer base – before the direct mail marketing campaign and after the direct mail marketing activity.
- Hit rate, i.e. number of customers that you expect to respond
- Break even for this campaign, i.e. what sales revenues are required in order for your direct mail marketing campaign to become positive.
3. Consider the following CUSTOMER CHARACTERISTICSA very important aspect of effective direct mail marketing is understanding which customers to contact. Logical starting point for understanding how to construct your customer target group is to analyze your current customers. When you understand existing customer base you can effectively expand your customer target group by identifying similar companies that are not your customers today. - What revenues do different customer groups generate to your business?
- Which of your products shall the customers purchase?
- What industry segments are your customers active in?
- Geographical distance from the customer to your stores?
- Your potential customers turnover and sizes?
- Timing - when should you activate your campaign? When is this customer group most likely to accept a sales proposal?
4. TEST your direct mail marketing assumptions – GO LIVE- Test group - order or collect approximately 500-600 customer addresses
- Divide these customers into 2-3 small target groups
- Test different marketing messages or product / service offerings on each group of customers
- Observe customer response, hit rate, number of sales and effect on revenue
5. ANALYZE the Direct Mail Marketing Test, draw your conclusion and Decide- Did you reach your primary purpose defined under section 1.?
- If your purposes where not reached find our why?
- What communication message and was most effective?
- What print material (flyer, brochure, postcard etc) and was most effective?
- What sales channel was most effective?
- When and how did the customer contact you?
= > Decide on final direct mail marketing message and product offering
= > Decide on the timing for the direct mail marketing campaign.6. Take very good care of all CONTACTING CUSTOMERS - As a general rule - the more response alternatives your give your customer (Internet, mail, coupons, fax, telephone, SMS, in-person visits) the better is the hit rate.
- Assign responsible person on your company for managing the customer responses.
- Consider server capacity f
Considering a Career Change?Are you thinking about a career change? Many people do this because of specific problems or difficulties. Others want to make such a change because of some growing, generalized dissatisfaction. A career change is becoming more common. A few decades ago this kind of change was considered inappropriate. People were thought to be "job-hoppers" when they moved from job to job. People with this behavior were thought to be unstable and without loyalty. But now, changing your job or changing your career is generally considered to be a normal way to advance in work.There are some interesting reasons that people are motivated to make this kind of change: one is that the person's situation changes and a job or career change is required. For instance, maybe the spouse moves away, and the person must move with the family. Or, maybe the company goes out of business. It could be that the person's physical or mental capabilities change and they cannot perform that job or career.A common motivation is that the person was never happy with the job or career and the situation never improved. So, over time the person has grown a dissatisfaction wi d the best address list or customer target group; the best product offer; the best timing for your sales or marketing campaign (and many other factors). Then the winning tests can be rolled out to a wider audience for optimal results. - Secific data collection on customers - Responses (and non-responses) can be added to the database, allowing future mailings to be better targeted.
Successful Direct Mailing Campaign in 8 steps:1. Define PRIMARY PURPOSE of your Direct Mail Marketing Campaign - Information regarding launch of your newly established company
- Increase sales and customer contacts
- Decrease customer churn
- Increase profitability from existing consumers
- Counter on competitor activities and product offerings
- Advertise your company’s new products / services
- Advertise a promotion and limited sales campaign
- Brand building for your existing product line or company
- Others marketing purposes not covered in this article
2. Marketing decisions based on UNDERSTANDING YOUR CUSTOMERS- Marketing Message – What and when do you want to communicate and to whom?
- Total cost for the campaign; e.g. marketing material, advertisement costs, purchase of address information, distribution costs, and follow up costs such as telemarketing.
- Sales targets – What is the total number of shipments, the number of responses, and the average order value per response?
- Effect on churn levels on existing customer base – before the direct mail marketing campaign and after the direct mail marketing activity.
- Hit rate, i.e. number of customers that you expect to respond
- Break even for this campaign, i.e. what sales revenues are required in order for your direct mail marketing campaign to become positive.
3. Consider the following CUSTOMER CHARACTERISTICSA very important aspect of effective direct mail marketing is understanding which customers to contact. Logical starting point for understanding how to construct your customer target group is to analyze your current customers. When you understand existing customer base you can effectively expand your customer target group by identifying similar companies that are not your customers today. - What revenues do different customer groups generate to your business?
- Which of your products shall the customers purchase?
- What industry segments are your customers active in?
- Geographical distance from the customer to your stores?
- Your potential customers turnover and sizes?
- Timing - when should you activate your campaign? When is this customer group most likely to accept a sales proposal?
4. TEST your direct mail marketing assumptions – GO LIVE- Test group - order or collect approximately 500-600 customer addresses
- Divide these customers into 2-3 small target groups
- Test different marketing messages or product / service offerings on each group of customers
- Observe customer response, hit rate, number of sales and effect on revenue
5. ANALYZE the Direct Mail Marketing Test, draw your conclusion and Decide- Did you reach your primary purpose defined under section 1.?
- If your purposes where not reached find our why?
- What communication message and was most effective?
- What print material (flyer, brochure, postcard etc) and was most effective?
- What sales channel was most effective?
- When and how did the customer contact you?
= > Decide on final direct mail marketing message and product offering
= > Decide on the timing for the direct mail marketing campaign.6. Take very good care of all CONTACTING CUSTOMERS - As a general rule - the more response alternatives your give your customer (Internet, mail, coupons, fax, telephone, SMS, in-person visits) the better is the hit rate.
- Assign responsible person on your company for managing the customer responses.
- Consider server capacity
Think of Franchising Your Company?If you are thinking about franchising your company you might wish to know the statistics on franchisor success, it is not pretty and you need to know the risks. Franchisee Success it is a really good number there on that side of the franchising game, so buying a franchise is not as risky as franchising your current company the success of franchising companies is problematic. Franchising companies have a 5:1 failure rate, mostly due to over regulation and the litigious-ness of the franchising industry.Here is a thought for you. If we have 400,000 franchise outlets in the US and we have 5:1 failure rate for Franchisors, then aren't we missing 2 million small business franchised outlets? Not that every business should be automatically successful mind you, but if the failure rates for franchisors are that high, we have a problem with regulators and lawyers. What recessions, all we need to do is get rid of the over regulation and lawsuits and suddenly we are recession proof next business cycle? Here is a story that illustrates what happens to first time franchisors; who go charging off:http://ezinearticles.com/?Entrepreneurship-Stor
2. Marketing decisions based on UNDERSTANDING YOUR CUSTOMERS- Marketing Message – What and when do you want to communicate and to whom?
- Total cost for the campaign; e.g. marketing material, advertisement costs, purchase of address information, distribution costs, and follow up costs such as telemarketing.
- Sales targets – What is the total number of shipments, the number of responses, and the average order value per response?
- Effect on churn levels on existing customer base – before the direct mail marketing campaign and after the direct mail marketing activity.
- Hit rate, i.e. number of customers that you expect to respond
- Break even for this campaign, i.e. what sales revenues are required in order for your direct mail marketing campaign to become positive.
3. Consider the following CUSTOMER CHARACTERISTICSA very important aspect of effective direct mail marketing is understanding which customers to contact. Logical starting point for understanding how to construct your customer target group is to analyze your current customers. When you understand existing customer base you can effectively expand your customer target group by identifying similar companies that are not your customers today. - What revenues do different customer groups generate to your business?
- Which of your products shall the customers purchase?
- What industry segments are your customers active in?
- Geographical distance from the customer to your stores?
- Your potential customers turnover and sizes?
- Timing - when should you activate your campaign? When is this customer group most likely to accept a sales proposal?
4. TEST your direct mail marketing assumptions – GO LIVE- Test group - order or collect approximately 500-600 customer addresses
- Divide these customers into 2-3 small target groups
- Test different marketing messages or product / service offerings on each group of customers
- Observe customer response, hit rate, number of sales and effect on revenue
5. ANALYZE the Direct Mail Marketing Test, draw your conclusion and Decide- Did you reach your primary purpose defined under section 1.?
- If your purposes where not reached find our why?
- What communication message and was most effective?
- What print material (flyer, brochure, postcard etc) and was most effective?
- What sales channel was most effective?
- When and how did the customer contact you?
= > Decide on final direct mail marketing message and product offering
= > Decide on the timing for the direct mail marketing campaign.6. Take very good care of all CONTACTING CUSTOMERS
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