| Answer Upon |
Hubs | Hubbers | Topics | Request |
| #1 in Business | Subscribe Email Print |
|
You are here: Home > Business > Marketing > 10 Insider Tips to Direct Response |
|
Answer Upon - 10 Insider Tips to Direct Response
Article Thieves ain text. For an even better response, offer a free gift instead of a discount. And always lead with the gift first—say “Free scented candle with the purchase of two at regular price,” not “Buy two scented candles at regular price and get the third candle free.”Something happened to me this week that really took me by surprise but made me stop and think. An online acquaintenance of mine “borrowed” an article I had written and posted it on her blog as her own. Needless to say, I was shocked to see my article on her site with no credit given to me, and I felt violated, not unlike how I felt when my home was robbed many years ago. Not only that, her business is in direct competition with mine, so I saw that as a double “slap in the face”. I’m certain that I was not meant to see that blog, but alas, the online community is really not as vast as it appears to be!I feel compelled to write about this because I have a feeling my situation is all too common. Articles are a dime-a-dozen on the net, and what’s stopping anyone from taking something they did not write and posting it on their site or blog as their own? Nothing! Nothing but INTEGRIY, I guess.Those of us who own our own businesses work so hard to promote them and the competition is fierce. Writing does not come easily to everyone, and those of us to do write do so with effort and time invested. So please, if you see something tha 7. Partner for profits. To increase the value and appeal of your offers, find another business that offers complementary services, then cross-promote the services of both merchants through your mailings. If you’re located near a florist, for example, why not join forces? Mail a coupon good for 25% off a music box with the purchase of any qualifying Valentine’s Day bouquet. Art galleries, craft stores, even Christmas tree retailers make good promotional partners. When structuring the deal, make sure your partner gives out coupons for your establishment as well. Why? Because it taps into the confidence of the relationship that business has established with its loyal customers. Make your partner’s customer base work for YOU! 8. Promote even when business is good. Huh? Sounds a bit crazy, doesn’t it. You have all the business you can handle…so why risk turning away customers you can’t accommodate? Waiting for a slow period to promote your store is like waiting until a storm hits to build a roof on your house. You need to constantly develop Crisis Management Tips With the proliferation of media choices available today, marketing to consumers has become more sophisticated—and seemingly more challenging and expensive—than ever before. Especially when some of your direct competitors are on local or even network TV, it can seem like your humble promotional efforts are meager at best.The term crisis management has different connotations. In this article, I will try to provide pointers that can be used in most situations:Is It A Crisis In The First Place?:This question is important to ask, as there are many situations that go wrong because the right person to handle it is not around. You may be in charge of a project until your supervisor comes back and are unable to contact him during a crisis. You have to make your own decisions in his absence and your action is dependent on the level of authority given.The Big Picture:It is not easy to handle a crisis if you are not aware of the all the facts. If your role is a leader, you have to be detached from the emotional side of the crisis and rationally take stock of how to move on. Again, this is not as easy as it sounds as you may have long-time colleagues who are involved in this crisis.The Relevant Team:It is important to be able to meet up with the relevant team to discuss about the situation. This is to ensure that the team is able to analyse and make a united stand about handling this crisis. This team should also comp Don’t believe it for a second. There isn’t any reason why a retailer with a less-than-TV-sized ad budget can’t be amazingly effective in promoting his or her store. In fact, some forms of marketing communications deliver a far higher ROI, on average, than a TV ad campaign. At the very top of the list of under-appreciated media is direct response marketing. As the name implies, this marketing tool is geared for one objective—response. When you need customers in the door, cash registers to ring, and average sale totals to rise, it’s hard to beat a well-conceived direct mail program. Direct response has the ability to help independents go toe-to-toe with better-funded competitors. All it takes is commitment, a dose of promotional imagination—and an insider’s knowledge of what makes a direct mail effort work. With that in mind, here are ten tips the pros use to create a winning direct mail campaign: 1. Focus, focus, focus. One of the most common mistakes gift merchants make is putting too many ideas into one mailer. Focus your piece on a single offer or idea, and drive the point home with crisp, active copy. Better to sell one idea with dozens of powerful words, than a dozen ideas all at once. A related concept is to focus on YOUR advantages, not on advantages anyone in your business can claim. Talk about your extensive selection of Hummels, or your close relationship with Christian Steinbach that makes you one of the best Steinbach nutcracker retailers in the area. Let your recipients know you have a frequent buyer’s club…or that you offer monthly signing events. Specifics set you apart and make you more appealing than your competitors. 2. Pile on benefits, not features. Obviously you want your mailings to have substance. After all, no one wants to spend money on copy that’s all fluff. But in your drive to deliver facts, don’t forget to sell. That means communicate benefits. A feature of your shop may be your membership in the Herend Guild. The benefits, on the other hand, include better selection of Herend products…greater availability of limited designs…or inside knowledge of how to start or grow a Herend collection for maximum value. Transform your advantages using words that energize and entice, and you’ll enjoy greater response. 3. Create “social proof” using testimonials. People never believe testimonials, right? Wrong! Actual experiences from satisfied customers are among the most influential appeals you can make. Psychologists call it “social proof”—people want to know that others have successfully gone before them. Ask your most loyal customers to stay and talk for a few minutes. Offer them a discount if they’ll tell you what they like about your store. Solicit responses from people who have taken part in your special events. These positive experiences can turn mail prospects into customers. (Be sure to get permission before using any attributed quotes.) 4. Think visually. According to a study of 2,000 consumers, print ads that consisted of 50% visuals (photos, illustrations, graphics) were seen and recalled 30% more often than ads with no visuals. This principle holds true in the direct mail world as well. Pictures do indeed speak louder than words alone. Today it’s easier than ever to include great photography in mailers, thanks to new photo capture, editing and printing technologies. However, nothing takes the place of well composed, properly lit pictures. If you haven’t got the knack for it, find someone who does—even if you have to pay. These days there are also many sources of high-quality photos on the Internet. Unless you are willing to pay royalties, however, make sure the shots you use are in the public domain or you may be open for a lawsuit. 5. Don’t neglect color. While a simple word-processed letter printed in black-and-white on a piece of stationary can be very effective, full color mailers (better known in the industry as four-color because of the four inks used) do even better. Research shows that four-color pieces get up to 45% greater readership than black-and-white pieces. If you’re already contemplating four-color, try a “bleed,” where the ink runs to the very edge of all four sides of the paper. Four-color bleeds get 15% higher readership on average than non-bleed four color. To get the most from your use of color, find and use the very best color printer and processing software you can. Or have your pieces printed by a commercial printer if you can afford it. 6. Use coupons! Your customers can make you rich if you give them enough reasons to spend money with you. It’s not enough to say “Come again!” as they head out the door. You must get into their minds with offers that justify another visit. With this in mind, nothing beats a coupon in mailing pieces for generating a response. Coupons featuring even the smallest discounts are strong motivators because they shout, “Take action!” Be sure you put your discounts in a coupon format, rather than simply stating the savings in plain text. For an even better response, offer a free gift instead of a discount. And always lead with the gift first—say “Free scented candle with the purchase of two at regular price,” not “Buy two scented candles at regular price and get the third candle free.” 7. Partner for profits. To increase the value and appeal of your offers, find another business that offers complementary services, then cross-promote the services of both merchants through your mailings. If you’re located near a florist, for example, why not join forces? Mail a coupon good for 25% off a music box with the purchase of any qualifying Valentine’s Day bouquet. Art galleries, craft stores, even Christmas tree retailers make good promotional partners. When structuring the deal, make sure your partner gives out coupons for your establishment as well. Why? Because it taps into the confidence of the relationship that business has established with its loyal customers. Make your partner’s customer base work for YOU! 8. Promote even when business is good. Huh? Sounds a bit crazy, doesn’t it. You have all the business you can handle…so why risk turning away customers you can’t accommodate? Waiting for a slow period to promote your store is like waiting until a storm hits to build a roof on your house. You need to constantly develop The High Cost of Turnover er. Focus your piece on a single offer or idea, and drive the point home with crisp, active copy. Better to sell one idea with dozens of powerful words, than a dozen ideas all at once.Turnover issues can affect your company’s profitability, customer loyalty, sales, productivity, and employee morale. Below are examples of turnover costs from some reliable sources:1/3 of a new hire’s annual salary or wage Department of Labor Nonprofessional position - 1.5 times the person’s annual salary Professional position - 2.4 times the person’s annual salary Rutgers University - Graduate School of Business $500 for a fast food employee HR Focus§ $3,000 - 5,000 to replace a truck driver HR Focus · $2,000 teller position Credit Union Magazine 38% of an employee’s annual salary U.S. Chamber of Commerce (average for all jobs) There are many ways to calculate turnover A related concept is to focus on YOUR advantages, not on advantages anyone in your business can claim. Talk about your extensive selection of Hummels, or your close relationship with Christian Steinbach that makes you one of the best Steinbach nutcracker retailers in the area. Let your recipients know you have a frequent buyer’s club…or that you offer monthly signing events. Specifics set you apart and make you more appealing than your competitors. 2. Pile on benefits, not features. Obviously you want your mailings to have substance. After all, no one wants to spend money on copy that’s all fluff. But in your drive to deliver facts, don’t forget to sell. That means communicate benefits. A feature of your shop may be your membership in the Herend Guild. The benefits, on the other hand, include better selection of Herend products…greater availability of limited designs…or inside knowledge of how to start or grow a Herend collection for maximum value. Transform your advantages using words that energize and entice, and you’ll enjoy greater response. 3. Create “social proof” using testimonials. People never believe testimonials, right? Wrong! Actual experiences from satisfied customers are among the most influential appeals you can make. Psychologists call it “social proof”—people want to know that others have successfully gone before them. Ask your most loyal customers to stay and talk for a few minutes. Offer them a discount if they’ll tell you what they like about your store. Solicit responses from people who have taken part in your special events. These positive experiences can turn mail prospects into customers. (Be sure to get permission before using any attributed quotes.) 4. Think visually. According to a study of 2,000 consumers, print ads that consisted of 50% visuals (photos, illustrations, graphics) were seen and recalled 30% more often than ads with no visuals. This principle holds true in the direct mail world as well. Pictures do indeed speak louder than words alone. Today it’s easier than ever to include great photography in mailers, thanks to new photo capture, editing and printing technologies. However, nothing takes the place of well composed, properly lit pictures. If you haven’t got the knack for it, find someone who does—even if you have to pay. These days there are also many sources of high-quality photos on the Internet. Unless you are willing to pay royalties, however, make sure the shots you use are in the public domain or you may be open for a lawsuit. 5. Don’t neglect color. While a simple word-processed letter printed in black-and-white on a piece of stationary can be very effective, full color mailers (better known in the industry as four-color because of the four inks used) do even better. Research shows that four-color pieces get up to 45% greater readership than black-and-white pieces. If you’re already contemplating four-color, try a “bleed,” where the ink runs to the very edge of all four sides of the paper. Four-color bleeds get 15% higher readership on average than non-bleed four color. To get the most from your use of color, find and use the very best color printer and processing software you can. Or have your pieces printed by a commercial printer if you can afford it. 6. Use coupons! Your customers can make you rich if you give them enough reasons to spend money with you. It’s not enough to say “Come again!” as they head out the door. You must get into their minds with offers that justify another visit. With this in mind, nothing beats a coupon in mailing pieces for generating a response. Coupons featuring even the smallest discounts are strong motivators because they shout, “Take action!” Be sure you put your discounts in a coupon format, rather than simply stating the savings in plain text. For an even better response, offer a free gift instead of a discount. And always lead with the gift first—say “Free scented candle with the purchase of two at regular price,” not “Buy two scented candles at regular price and get the third candle free.” 7. Partner for profits. To increase the value and appeal of your offers, find another business that offers complementary services, then cross-promote the services of both merchants through your mailings. If you’re located near a florist, for example, why not join forces? Mail a coupon good for 25% off a music box with the purchase of any qualifying Valentine’s Day bouquet. Art galleries, craft stores, even Christmas tree retailers make good promotional partners. When structuring the deal, make sure your partner gives out coupons for your establishment as well. Why? Because it taps into the confidence of the relationship that business has established with its loyal customers. Make your partner’s customer base work for YOU! 8. Promote even when business is good. Huh? Sounds a bit crazy, doesn’t it. You have all the business you can handle…so why risk turning away customers you can’t accommodate? Waiting for a slow period to promote your store is like waiting until a storm hits to build a roof on your house. You need to constantly develop Stockbroker Salary r believe testimonials, right? Wrong! Actual experiences from satisfied customers are among the most influential appeals you can make. Psychologists call it “social proof”—people want to know that others have successfully gone before them.One of the questions we get frequently is what are the salary or earning possibilities for a stockbroker?That can really be 2 different questions. Firms of all types look for stockbroker trainees or licensed stockbrokers from other companies. For the new trainees, smaller companies will look to pay a training allowance during the training period. This can be anywhere from $250-$750 a week. This "salary" when working for smaller or independent firms may be temporary.The people that own or run these stockbroker firms have a mindset that this is a commission business. Meaning, the clients you get will ultimately make you the money. This is largely true. No Stockbroker got rich on salary. They earn their money by selling stock for commission. The firm will normally pay out 50% or so the the broker. The more clients you have, the more money you can/will make.The larger firms will be more particular who they hire, but will usually offer more guaranteed salary. These firms will take on a new employee and will invest 6 months or a year paying a better guaranteed salary, but the commission percentage (if there is any during t Ask your most loyal customers to stay and talk for a few minutes. Offer them a discount if they’ll tell you what they like about your store. Solicit responses from people who have taken part in your special events. These positive experiences can turn mail prospects into customers. (Be sure to get permission before using any attributed quotes.) 4. Think visually. According to a study of 2,000 consumers, print ads that consisted of 50% visuals (photos, illustrations, graphics) were seen and recalled 30% more often than ads with no visuals. This principle holds true in the direct mail world as well. Pictures do indeed speak louder than words alone. Today it’s easier than ever to include great photography in mailers, thanks to new photo capture, editing and printing technologies. However, nothing takes the place of well composed, properly lit pictures. If you haven’t got the knack for it, find someone who does—even if you have to pay. These days there are also many sources of high-quality photos on the Internet. Unless you are willing to pay royalties, however, make sure the shots you use are in the public domain or you may be open for a lawsuit. 5. Don’t neglect color. While a simple word-processed letter printed in black-and-white on a piece of stationary can be very effective, full color mailers (better known in the industry as four-color because of the four inks used) do even better. Research shows that four-color pieces get up to 45% greater readership than black-and-white pieces. If you’re already contemplating four-color, try a “bleed,” where the ink runs to the very edge of all four sides of the paper. Four-color bleeds get 15% higher readership on average than non-bleed four color. To get the most from your use of color, find and use the very best color printer and processing software you can. Or have your pieces printed by a commercial printer if you can afford it. 6. Use coupons! Your customers can make you rich if you give them enough reasons to spend money with you. It’s not enough to say “Come again!” as they head out the door. You must get into their minds with offers that justify another visit. With this in mind, nothing beats a coupon in mailing pieces for generating a response. Coupons featuring even the smallest discounts are strong motivators because they shout, “Take action!” Be sure you put your discounts in a coupon format, rather than simply stating the savings in plain text. For an even better response, offer a free gift instead of a discount. And always lead with the gift first—say “Free scented candle with the purchase of two at regular price,” not “Buy two scented candles at regular price and get the third candle free.” 7. Partner for profits. To increase the value and appeal of your offers, find another business that offers complementary services, then cross-promote the services of both merchants through your mailings. If you’re located near a florist, for example, why not join forces? Mail a coupon good for 25% off a music box with the purchase of any qualifying Valentine’s Day bouquet. Art galleries, craft stores, even Christmas tree retailers make good promotional partners. When structuring the deal, make sure your partner gives out coupons for your establishment as well. Why? Because it taps into the confidence of the relationship that business has established with its loyal customers. Make your partner’s customer base work for YOU! 8. Promote even when business is good. Huh? Sounds a bit crazy, doesn’t it. You have all the business you can handle…so why risk turning away customers you can’t accommodate? Waiting for a slow period to promote your store is like waiting until a storm hits to build a roof on your house. You need to constantly develop Bartending Pro Tips Part 1: How to Make Money and Have Fun With a Career in Bartending! n the public domain or you may be open for a lawsuit.In a bar, you will find an interesting and diverse community of people who will seek out fine bartending, not only for the relaxation and camaraderie, but also for a familiar and comfortable environment where they are recognized and accepted. For many people, in this competitive and aggressive world, a bar may be a sole source of sustenance for those basic things that are so essential to us all as humans. We are, after all, social beings.Who doesn't recall an episode of the television series "Cheers" when every time one of the leading characters would walk in, the entire bar would erupt in the chorus of "Hey Norm?"Few of us are entitled to such a universal form of recognition and instant acceptance from bar patrons, but an excellent bartender can provide almost the same sort of experience for customers.I bartended to work my way through both undergraduate and graduate school, and have gone back to it several times when I grew weary of corporate life. The money (if you do it right) is about the same anyway, and, admittedly, it is tiring and demanding, like any job, but it is a heck of a lot more fun!Every bar i 5. Don’t neglect color. While a simple word-processed letter printed in black-and-white on a piece of stationary can be very effective, full color mailers (better known in the industry as four-color because of the four inks used) do even better. Research shows that four-color pieces get up to 45% greater readership than black-and-white pieces. If you’re already contemplating four-color, try a “bleed,” where the ink runs to the very edge of all four sides of the paper. Four-color bleeds get 15% higher readership on average than non-bleed four color. To get the most from your use of color, find and use the very best color printer and processing software you can. Or have your pieces printed by a commercial printer if you can afford it. 6. Use coupons! Your customers can make you rich if you give them enough reasons to spend money with you. It’s not enough to say “Come again!” as they head out the door. You must get into their minds with offers that justify another visit. With this in mind, nothing beats a coupon in mailing pieces for generating a response. Coupons featuring even the smallest discounts are strong motivators because they shout, “Take action!” Be sure you put your discounts in a coupon format, rather than simply stating the savings in plain text. For an even better response, offer a free gift instead of a discount. And always lead with the gift first—say “Free scented candle with the purchase of two at regular price,” not “Buy two scented candles at regular price and get the third candle free.” 7. Partner for profits. To increase the value and appeal of your offers, find another business that offers complementary services, then cross-promote the services of both merchants through your mailings. If you’re located near a florist, for example, why not join forces? Mail a coupon good for 25% off a music box with the purchase of any qualifying Valentine’s Day bouquet. Art galleries, craft stores, even Christmas tree retailers make good promotional partners. When structuring the deal, make sure your partner gives out coupons for your establishment as well. Why? Because it taps into the confidence of the relationship that business has established with its loyal customers. Make your partner’s customer base work for YOU! 8. Promote even when business is good. Huh? Sounds a bit crazy, doesn’t it. You have all the business you can handle…so why risk turning away customers you can’t accommodate? Waiting for a slow period to promote your store is like waiting until a storm hits to build a roof on your house. You need to constantly develop Communication in a Changing World ain text. For an even better response, offer a free gift instead of a discount. And always lead with the gift first—say “Free scented candle with the purchase of two at regular price,” not “Buy two scented candles at regular price and get the third candle free.”The Advertising, Marketing and Broadcast community currently reside in a tramline society, a society that has got used to its ruts and its blinkers and prefers its own ways, however dreary, to untrodden paths and new ways of looking at things.An analogous story is of the Peruvian Indians who, seeing the sails of their Spanish invaders on the horizon simply put it down to a freak in the weather and went on about their business having no concept of sailing ships in their limited experience.Likewise Advertising Agencies have absolutely no understanding of the communication process. Similarly they pay only lip service to the much-needed concept of accountability!The huge changes about to engulf this community need not be painful, however these changes are inevitable because the old ways of marketing and advertising have gone…forever. They have been exposed as having failed the needs the whole community.Marketing applies advertising to the selling of goods or services, so, what is advertising? It is nothing more than a form of learning, the advertiser is saying to his audience, learn about my product/servic 7. Partner for profits. To increase the value and appeal of your offers, find another business that offers complementary services, then cross-promote the services of both merchants through your mailings. If you’re located near a florist, for example, why not join forces? Mail a coupon good for 25% off a music box with the purchase of any qualifying Valentine’s Day bouquet. Art galleries, craft stores, even Christmas tree retailers make good promotional partners. When structuring the deal, make sure your partner gives out coupons for your establishment as well. Why? Because it taps into the confidence of the relationship that business has established with its loyal customers. Make your partner’s customer base work for YOU! 8. Promote even when business is good. Huh? Sounds a bit crazy, doesn’t it. You have all the business you can handle…so why risk turning away customers you can’t accommodate? Waiting for a slow period to promote your store is like waiting until a storm hits to build a roof on your house. You need to constantly develop your customer base so that slow periods diminish and busy times become more profitable. Consistent year-round promotion through direct response is the key. Find ways of increasing average sales during busy times of the year, or leverage your traffic by providing add-on birthday or anniversary offers. That way you’ll have the goodwill and strong customer base to sustain you when things slow down. 9. Turn loyal customers into mailing lists. This tip dovetails with Number Eight. It’s especially important during busy periods to gather names and addresses from your customers. No purchased mail list is as valuable as the one under your nose. To make it easier for customers to leave their name and address, offer them an incentive, like a chocolate or gourmet cookie. Have a weekly drawing and give away something free…or reward them with a certificate good for a two-for-one deal on their next visit. 10. Test and track. This is perhaps the most important rule of all. The reason direct response campaigns have such a high return on investment is because they are so measurable and can therefore be constantly be refined and improved. Yet amazingly, many direct marketers don’t take the time to adequately test and track their efforts. To test a mailer, send it to a subset of your mailing list—perhaps 500 names—before sending it to your full list. You can do a split run, e.g., 250 names get one offer and 250 more get another, to test the validity of an idea. Test only major ideas ($45.00 versus $50.00 for a Bernardaud Votive is hardly a test) and never test more than one variable at a time. When customers redeem coupons, track the gift line and total receipt amount. It’s easy to quickly mark down the information by the cash register. If an offer is scoring great results, keep at it! There’s no reason to discontinue a program until it is no longer working. Finally, remember that 40% of a mailer’s effectiveness comes from the offer, 40% from the list you use, and only 20% from the design and copy. Make sure you’re sending the right deal to the right people, and you’re 80% of the way to a successful direct response campaign.
HTTP = HTML link (for blogs, profiles,phorums):
Related Articles:Planning for Succession in a Family-owned Business Supplier Sees 53% Reduction in Out-of-Spec Orders Case Study
|