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Answer Upon - Get Better Results with Direct Mail - Make the Call!
The Real Guide to Management w many sales you’ll need to make in order to break-even on the campaign.Chances are you’re not very smart. That’s not an insult, just statistics. With intelligence, as is true with most things in life, there is a natural bell-shaped distribution. In other words, there is a small number of morons in the world, a small number of geniuses, and a lot of people in between. That works out for me because this article doesn’t target the morons (sorry, no hope for you), nor does it target the very smart people (you don’t need this article). It does target those in between, which is almost everyone. In this article, I’m going to explain how average managers can become great managers and a Response Medium – Make it easy for your customer’s to respond. Provide a telephone number, fax number, email address or a Web site. Let customer’s contact you in the way they prefer. Adding a toll-free number to your direct mail piece makes it easier for a prospective customer to call and can double your response rates. It will also allow you to better track your campaign for messages and the effectiveness of your offer so the campaign can be fine-tuned along the way. Personal Follow Through – For an even greater return on your marketing dollars, follow up your mailing with a personal follow up call. Many business lists include phone numbers for your target customers. Whether you do it yourself, or hire an outside company, recent studies show that a personal follow up call can increase re Unique Live-Auction Fundraising Strategies and Ideas Over the past 50 years, American businesses have sent billions of pieces of mail with an eye towards growing sales. Everything from simple letters and postcards, to CD’s, three dimensional brochures and boxes of cereal have found their way into mailboxes across the country. Needless to say, billions of dollars are riding on the success or failure of these mailings.In general fundraising scenario a live auction raises at least 30% more money than a silent one.There is no inherent magic in it but normal human tendency to “get on with something” and the professional touch in identifying your worthwhile “cause” that brings forward this huge difference.Around the country we can see a lot of schools and other non profit organizations are arranging this or that event like bake sales, car washes, candle sales etc. now and then to raise fund. But auction specialist David Lind suggests that, a single live auction fundraiser per year can pull more funds then these round What’s the key to success? Talk to them! The best way to guarantee the success of your direct mail campaign is to personalize it with a call, make it easy for customers to respond and measure the results. Campaign success is measured as return-on-investment (ROI) – or how many total sales were generated compared to the cost of the marketing campaign. If you are running a long-term campaign, try testing your mailing on a small-scale first. When conducting a test mailing, decide how many pieces you want to send. Make sure you send out enough responses to accurately determine your response rate and the effectiveness of your message. A good rule of thumb is to test between 1,000 and 5,000 pieces to start. Your response rate will vary depending on your product, industry, target market and other factors. To increase the response of your mailing, you will want to pay attention to these factors: Campaign Goal – What is the goal of your campaign? Do you want to build brand awareness, generate leads, or make an immediate sale? Once you have decided on your goal, determine how many responses you need to make the campaign successful and then track the results. The Mailing List – Make sure your list is targeted at your actual buyers. Identify who your customers are, and build a list based on those criteria. What unique characteristics do your customers share? Are they business customers or consumers? Where are they located? How affluent are they? These questions are unique to your business and need to be answered in advance of the list building process. The Offer – Having a good offer is one of the most important parts of the mailing. Whether it’s a discount, a free gift or rebate, the offer needs to be so tempting it is too good to refuse. Also, make sure the offer has an expiration date. Time and time again, it’s been proven that more people respond to an offer when there’s a limit on the amount of time they have to respond. The Benefits – Highlight the benefits of what your product or service will do for your prospective customer. Don’t dwell only on the features of your offering. Focus on what your service or product can do for the customer: Double your sales performance; receive a 50 percent time savings; lose 10 pounds in 10 days. Try to quantify the benefits available to make them more concrete and credible. If you have an important, valuable benefit, you may also want to use it in the headline with the offer. Lifetime Customer Value – Know what each new customer is worth. This usually boils down to understanding Lifetime Customer Value (LCV), or the actual profit (sales price less direct cost of goods sold) associated with each new sale. How often will a new customer purchase from you over the next two to three years. Multiplying these two numbers produces LCV. This is the maximum amount you can afford to spend to acquire a new customer. Campaign Costs – Understand at the outset how much you need to invest in your campaign. Take the total cost of your mailing, including creative, printing, postage and labor, and divide that figure into the LCV. This will tell you how many sales you’ll need to make in order to break-even on the campaign. Response Medium – Make it easy for your customer’s to respond. Provide a telephone number, fax number, email address or a Web site. Let customer’s contact you in the way they prefer. Adding a toll-free number to your direct mail piece makes it easier for a prospective customer to call and can double your response rates. It will also allow you to better track your campaign for messages and the effectiveness of your offer so the campaign can be fine-tuned along the way. Personal Follow Through – For an even greater return on your marketing dollars, follow up your mailing with a personal follow up call. Many business lists include phone numbers for your target customers. Whether you do it yourself, or hire an outside company, recent studies show that a personal follow up call can increase res Graphical LED Display nt to send. Make sure you send out enough responses to accurately determine your response rate and the effectiveness of your message. A good rule of thumb is to test between 1,000 and 5,000 pieces to start. Your response rate will vary depending on your product, industry, target market and other factors. To increase the response of your mailing, you will want to pay attention to these factors:Graphical LED Displays utilize high-resolution graphics and video to transmit the information. You will find them sited in world’s great cosmopolitan cities. These impressive electronic signs towering over the streets displays graphic and video to broadcast important information or to advertise themselves.There are many companies that use these displays to broadcast their product in the open world and these displays help them a lot to expand their business or industry. In this digital world, the use of Graphical LED Displays gives new sleek to the tradition of marketing department also. Not only in the i Campaign Goal – What is the goal of your campaign? Do you want to build brand awareness, generate leads, or make an immediate sale? Once you have decided on your goal, determine how many responses you need to make the campaign successful and then track the results. The Mailing List – Make sure your list is targeted at your actual buyers. Identify who your customers are, and build a list based on those criteria. What unique characteristics do your customers share? Are they business customers or consumers? Where are they located? How affluent are they? These questions are unique to your business and need to be answered in advance of the list building process. The Offer – Having a good offer is one of the most important parts of the mailing. Whether it’s a discount, a free gift or rebate, the offer needs to be so tempting it is too good to refuse. Also, make sure the offer has an expiration date. Time and time again, it’s been proven that more people respond to an offer when there’s a limit on the amount of time they have to respond. The Benefits – Highlight the benefits of what your product or service will do for your prospective customer. Don’t dwell only on the features of your offering. Focus on what your service or product can do for the customer: Double your sales performance; receive a 50 percent time savings; lose 10 pounds in 10 days. Try to quantify the benefits available to make them more concrete and credible. If you have an important, valuable benefit, you may also want to use it in the headline with the offer. Lifetime Customer Value – Know what each new customer is worth. This usually boils down to understanding Lifetime Customer Value (LCV), or the actual profit (sales price less direct cost of goods sold) associated with each new sale. How often will a new customer purchase from you over the next two to three years. Multiplying these two numbers produces LCV. This is the maximum amount you can afford to spend to acquire a new customer. Campaign Costs – Understand at the outset how much you need to invest in your campaign. Take the total cost of your mailing, including creative, printing, postage and labor, and divide that figure into the LCV. This will tell you how many sales you’ll need to make in order to break-even on the campaign. Response Medium – Make it easy for your customer’s to respond. Provide a telephone number, fax number, email address or a Web site. Let customer’s contact you in the way they prefer. Adding a toll-free number to your direct mail piece makes it easier for a prospective customer to call and can double your response rates. It will also allow you to better track your campaign for messages and the effectiveness of your offer so the campaign can be fine-tuned along the way. Personal Follow Through – For an even greater return on your marketing dollars, follow up your mailing with a personal follow up call. Many business lists include phone numbers for your target customers. Whether you do it yourself, or hire an outside company, recent studies show that a personal follow up call can increase re Problem-Solving Success Tip: Look For Sponsors And Solution Owners hey business customers or consumers? Where are they located? How affluent are they? These questions are unique to your business and need to be answered in advance of the list building process.Look for sponsors and solution owners rather than problem owners.Everyone participating in the situation owns the problem, like it or not—and nobody likes it. However, if one person is designated as the problem owner, that gives everyone else involved implicit permission to step away and essentially pretend that they don’t have an ownership role in the problem. In other words, appointing a problem owner gets in the way of solving a problem.A much better term for what is usually expected of the “problem owner” is “sponsor.” A sponsor is the person who champions the problem-solving project by a The Offer – Having a good offer is one of the most important parts of the mailing. Whether it’s a discount, a free gift or rebate, the offer needs to be so tempting it is too good to refuse. Also, make sure the offer has an expiration date. Time and time again, it’s been proven that more people respond to an offer when there’s a limit on the amount of time they have to respond. The Benefits – Highlight the benefits of what your product or service will do for your prospective customer. Don’t dwell only on the features of your offering. Focus on what your service or product can do for the customer: Double your sales performance; receive a 50 percent time savings; lose 10 pounds in 10 days. Try to quantify the benefits available to make them more concrete and credible. If you have an important, valuable benefit, you may also want to use it in the headline with the offer. Lifetime Customer Value – Know what each new customer is worth. This usually boils down to understanding Lifetime Customer Value (LCV), or the actual profit (sales price less direct cost of goods sold) associated with each new sale. How often will a new customer purchase from you over the next two to three years. Multiplying these two numbers produces LCV. This is the maximum amount you can afford to spend to acquire a new customer. Campaign Costs – Understand at the outset how much you need to invest in your campaign. Take the total cost of your mailing, including creative, printing, postage and labor, and divide that figure into the LCV. This will tell you how many sales you’ll need to make in order to break-even on the campaign. Response Medium – Make it easy for your customer’s to respond. Provide a telephone number, fax number, email address or a Web site. Let customer’s contact you in the way they prefer. Adding a toll-free number to your direct mail piece makes it easier for a prospective customer to call and can double your response rates. It will also allow you to better track your campaign for messages and the effectiveness of your offer so the campaign can be fine-tuned along the way. Personal Follow Through – For an even greater return on your marketing dollars, follow up your mailing with a personal follow up call. Many business lists include phone numbers for your target customers. Whether you do it yourself, or hire an outside company, recent studies show that a personal follow up call can increase re Increase Sales With Travel Incentives pounds in 10 days. Try to quantify the benefits available to make them more concrete and credible. If you have an important, valuable benefit, you may also want to use it in the headline with the offer.Today’s business environment has changed dramatically over the past 10 years, it can be a tough task to make a sale. Just being aggressive doesn't cut it any longer. Sales skills alone aren't enough to compete when so many new products and services become everyday commodities. Consumers nowadays are being smart. You've got to distinctively separate your business from the competition and lead each of your prospects and customers to think, 'I would have to be a complete idiot to do business with anyone else... regardless of the price.' They are shopping for the best bargains and they all seem to want more than what Lifetime Customer Value – Know what each new customer is worth. This usually boils down to understanding Lifetime Customer Value (LCV), or the actual profit (sales price less direct cost of goods sold) associated with each new sale. How often will a new customer purchase from you over the next two to three years. Multiplying these two numbers produces LCV. This is the maximum amount you can afford to spend to acquire a new customer. Campaign Costs – Understand at the outset how much you need to invest in your campaign. Take the total cost of your mailing, including creative, printing, postage and labor, and divide that figure into the LCV. This will tell you how many sales you’ll need to make in order to break-even on the campaign. Response Medium – Make it easy for your customer’s to respond. Provide a telephone number, fax number, email address or a Web site. Let customer’s contact you in the way they prefer. Adding a toll-free number to your direct mail piece makes it easier for a prospective customer to call and can double your response rates. It will also allow you to better track your campaign for messages and the effectiveness of your offer so the campaign can be fine-tuned along the way. Personal Follow Through – For an even greater return on your marketing dollars, follow up your mailing with a personal follow up call. Many business lists include phone numbers for your target customers. Whether you do it yourself, or hire an outside company, recent studies show that a personal follow up call can increase re The Top Ten Ways to Get Beyond Networking And Generate Cash-Building Exposure w many sales you’ll need to make in order to break-even on the campaign.Gain the exposure you need to succeed with these ten tips:1. Present yourself as a specialist and/or an authority in your field. Identify where you excel and use your skills, core competencies, knowledge and experience to become a valuable resource.2. Be clear on the services you provide, the target markets you serve and the kind of results you can deliver. Create an effective oral introductory message and printed business card that clearly provides this information.3. Demonstrate confidence. You can say whatever you want, but if your interpersonal skills, communication abilities, and overall Response Medium – Make it easy for your customer’s to respond. Provide a telephone number, fax number, email address or a Web site. Let customer’s contact you in the way they prefer. Adding a toll-free number to your direct mail piece makes it easier for a prospective customer to call and can double your response rates. It will also allow you to better track your campaign for messages and the effectiveness of your offer so the campaign can be fine-tuned along the way. Personal Follow Through – For an even greater return on your marketing dollars, follow up your mailing with a personal follow up call. Many business lists include phone numbers for your target customers. Whether you do it yourself, or hire an outside company, recent studies show that a personal follow up call can increase response rates by nearly 50 percent. When calling consumers, though, be aware of the Do Not Call list. Of course, the results produced by any campaign are dependant on the general economic environment, the market, the product, the list, the offer, and other factors. So, if you have a product or service you’d like to sell, direct mail, combined with personalized services such as a toll-free number or follow up call, may be just the marketing tool you need to take your business to the next level.
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