| Atricle Dump |
Hubs | Hubbers | Topics | Request |
| #1 in Business | Subscribe Email Print |
|
You are here: Home > Business > Business > Direct Mail – Not What it Used to Be |
|
Atricle Dump - Direct Mail – Not What it Used to Be
RFID Companies ke a while to figure out what combination works for your specific product. Don’t worry about political correctness when considering whom you should mail to. It is perfectly acceptable to test certain lists that may be considered "stereotypical". Many times these lists will work well. But you never know until you test them.In any rapidly emerging market sector, there are companies that proceed with bold plans but fail to achieve their targets. Then there are those that calmly build lucrative businesses. As far as RFID (radio frequency identification) is concerned, many companies are re-evaluating their policies after disappointment, while others are succeeding.The internet is the best source of searching for RFID companies. Some examples are Baxtek Solutions, Datex Corporation, Kornyk Computer Solutions International, Inc., The L D S Corporation, and Miles Technologies, Inc. Productivity of RFID operations can change by market sector, label frequency, and position in the value chain. In RFID, profitability is not associated with the size of the market, but many people are attracted to the largest markets despite the success rate being low. Also, customer reluctance may cause prices to decrease.Also, technical problems may cause an even graver situation. There is a high probability that companies having good positions with expert technology and business acquaintances will prosper. Some examples of sectors having prevalent RFID activities are airlines and airports, animals and farming, books, libraries and archiving, financial security and safety, healthcare, land and sea logistics, and postal services.There is also an idea of disruptive technology. In management terminology, it is the latest scientific innovation, item, or service that can ultimately capsize the existing technology. No matter how great an idea you have about a certain market, ALWAYS DO A SMALLER TEST MAILING FIRST! Average test mailings run around 1000-1500 names. Once you see acceptable returns on the smaller mailing then you can jump in with the larger numbers. Test, test, test! The purpose of special mailing lists is to target a specific type of customer for your specific type of business. The eventual end result is more customers and a better bottom line. And this is what we all want, right? Repeating Your Message cam•paign n. 1. A series of military operations undertaken to achieve a large-scale objective during a war: Grant's Vicksburg campaign secured the entire Mississippi for the Union. 2. An operation or series of operations energetically pursued to accomplish a purpose: an advertising campaign for a new product; a candidate's political campaign. intr.v. cam•paigned, cam•paign•ing, cam•paigns To engage Do You Have a To Don't List The number of businesses using direct mail marketing now compared to how many used this medium 10 to 15 years ago is staggeringly higher. More and more marketers understand its effectiveness and are on the bandwagon - especially Mortgage Brokers.As a business owner you may struggle with the question of how you will be able to get everything done. This is especially true for independent service professionals and solopreneurs. There are only so many hours in the day, this isn’t going to change. So something else has to.And if you spend almost all of your time working in your business, you don’t have time for the rest of your life. Isn’t it true that some of the reasons you started your own business were so you would have more freedom and fun? If you are stressed out and not able to get the right things done, then your business isn’t serving you in the way you intended.The answer is to only focus on the main drivers of your business. The kind of things that are the most important to the growth of your business. I know, I can hear you saying that your business is different and you have dozens of important things you must do. The truth is that not everything is equally important. It’s really a matter of choice and you are the one who can decide how you choose to spend your time.In many cases, in your heart you may know what the most important things are, but somehow loads of other things seem to get in the way. This is where a “to don’t” list can come in handy. So instead of a long list of things to do, try turning it around and focusing on what you don’t want to do. This will help you stay focused on the right things by default.To get started, make a list of all of the things you are going Years back the novelty of receiving an advertisement in your mailbox was such that any direct mail pieces were not only looked at but mulled over. Not so anymore. The term ‘junk mail’ was coined sometime since then and I’m sure you’ve thrown out your fair share of unread pieces enough to understand why. So, what can you do about it as a marketer? How can you ensure you get the biggest bang for your direct mail dollar? Now more than ever, you have to understand how to put together a direct mail piece. More than ever you have to really target your mailing to go to a specific market. And more than ever you need to be patient and learn how to campaign – because that is the key to success. Don’t get me wrong… direct mail is not dead – and I don’t see it dying any time soon. It is still the quintessential part of the largest company’s campaigns. Because it works. In this article I will teach you some of these three topics: A Great Design From this fact it is not a reach to come to the conclusion that the merit of a graphic designer is based on the performance of his or her designs. You may be able to put together the most beautiful ad that the world has ever seen, but if it doesn't make the phone ring it isn't worth the paper that it is printed on. You need to make designs that are not only attractive but, more importantly, that get the response needed to turn a profit. You want to ensure people see your ad and want your services. In short, if the ad doesn't make you any money, it’s not a good ad. To BE or Not To BE Every potential customer is like the monkey. They are going to do whatever they want unless you can persuade them to listen to you. You have to get into their head, think like them, “BE” them. A monkey is a simple animal so you can probably get his attention with the stereotypical banana. Human beings on the other hand are extremely complex. Then you add in the fact that the mailing list is targeted and it can get quite challenging. To help you answer the question of what you should say in your ad, you should use three things: • Reasoning Take an unrelated subject to your own industry – sometimes it’s better learn that way. Pick something. Say you have an upscale Italian women’s shoe boutique. You want to appeal to women that like that sort of thing. Get in her head. What would make her want to buy from you? Remember, she gets bombarded with advertisements every day. What can you say that really draws her in? How about “Tired of Wearing the Same Styles as Everyone Else?” Have a graphic that supports the message - show a fantastic pair of shoes or better yet a good looking woman with a great pair of shoes on. Now pretend you are a family man or woman with a household income of the $75k with revolving debt of $15K and you’ve got two kids! Kids can be pretty expensive. So, why would you like to refinance? Find a Specialized Mailing List As always the first step is to determine who your target market will be. Say you want to market to homeowners. Good, now we have narrowed it down to only 291,324 people in your area. As a minimum, your mailing campaign should send to the same names three times. So all you have to do is send out 873,972 postcards at $0.185 per piece & you get the point. We need to narrow it down some more. So how do you accomplish the narrowing of your list? Many factors can be considered, including age, gender, zip code, annual salary, profession and number of children are some of the more common qualifiers. It may take a while to figure out what combination works for your specific product. Don’t worry about political correctness when considering whom you should mail to. It is perfectly acceptable to test certain lists that may be considered "stereotypical". Many times these lists will work well. But you never know until you test them. No matter how great an idea you have about a certain market, ALWAYS DO A SMALLER TEST MAILING FIRST! Average test mailings run around 1000-1500 names. Once you see acceptable returns on the smaller mailing then you can jump in with the larger numbers. Test, test, test! The purpose of special mailing lists is to target a specific type of customer for your specific type of business. The eventual end result is more customers and a better bottom line. And this is what we all want, right? Repeating Your Message cam•paign n. 1. A series of military operations undertaken to achieve a large-scale objective during a war: Grant's Vicksburg campaign secured the entire Mississippi for the Union. 2. An operation or series of operations energetically pursued to accomplish a purpose: an advertising campaign for a new product; a candidate's political campaign. intr.v. cam•paigned, cam•paign•ing, cam•paigns To engage The BRAVO Formula A Great DesignAccording to Jerry Weissman in his book, “Presenting to Win,” there are over 30 million PowerPoint presentations given every day. Unfortunately, these presentations are not captivating or memorable. Thus, a lack of presentation training in America is creating a business culture that abuses presentation software and the art of public speaking. Let’s get back to the basics and adopt something I like to call the BRAVO formula.“B” is for Bold Boldness is about taking ownership. It’s about being courageous. You need to take control and own your content. No faking is allowed. The harsh reality is that faking it will not work in the public speaking arena. Audiences are far more perceptive than you think. Here are a few tips to help make sure you don’t come across as a faker:Start strong It sounds straightforward, but it is harder than it sounds. By taking a strong initial stance, it shows that 1) you are credible, 2) you are passionate, 3) you have a game plan. Be creative with your approach, and stay away from humor. It can get you in trouble.Don’t memorize Most public speaking amateurs make the big mistake of memorizing their presentations. This can be deadly, especially when questions arise during the middle of your presentation. Memorization kills spontaneity and your conversational ability. Stay away from it.Become an expert Creating credibility is the most important component of presentations. Many people think that the quality of any graphic design is determined by how aesthetically pleasing it is: Although making the card look good is important, this couldn't be further from the truth. The only true measure of any design, at least commercially, is "How well does it pull?". By pull we mean what type of response does it elicit? Does it pull in calls, or pull people into the store? In essence, does the design accomplish what it set out to do? From this fact it is not a reach to come to the conclusion that the merit of a graphic designer is based on the performance of his or her designs. You may be able to put together the most beautiful ad that the world has ever seen, but if it doesn't make the phone ring it isn't worth the paper that it is printed on. You need to make designs that are not only attractive but, more importantly, that get the response needed to turn a profit. You want to ensure people see your ad and want your services. In short, if the ad doesn't make you any money, it’s not a good ad. To BE or Not To BE Every potential customer is like the monkey. They are going to do whatever they want unless you can persuade them to listen to you. You have to get into their head, think like them, “BE” them. A monkey is a simple animal so you can probably get his attention with the stereotypical banana. Human beings on the other hand are extremely complex. Then you add in the fact that the mailing list is targeted and it can get quite challenging. To help you answer the question of what you should say in your ad, you should use three things: • Reasoning Take an unrelated subject to your own industry – sometimes it’s better learn that way. Pick something. Say you have an upscale Italian women’s shoe boutique. You want to appeal to women that like that sort of thing. Get in her head. What would make her want to buy from you? Remember, she gets bombarded with advertisements every day. What can you say that really draws her in? How about “Tired of Wearing the Same Styles as Everyone Else?” Have a graphic that supports the message - show a fantastic pair of shoes or better yet a good looking woman with a great pair of shoes on. Now pretend you are a family man or woman with a household income of the $75k with revolving debt of $15K and you’ve got two kids! Kids can be pretty expensive. So, why would you like to refinance? Find a Specialized Mailing List As always the first step is to determine who your target market will be. Say you want to market to homeowners. Good, now we have narrowed it down to only 291,324 people in your area. As a minimum, your mailing campaign should send to the same names three times. So all you have to do is send out 873,972 postcards at $0.185 per piece & you get the point. We need to narrow it down some more. So how do you accomplish the narrowing of your list? Many factors can be considered, including age, gender, zip code, annual salary, profession and number of children are some of the more common qualifiers. It may take a while to figure out what combination works for your specific product. Don’t worry about political correctness when considering whom you should mail to. It is perfectly acceptable to test certain lists that may be considered "stereotypical". Many times these lists will work well. But you never know until you test them. No matter how great an idea you have about a certain market, ALWAYS DO A SMALLER TEST MAILING FIRST! Average test mailings run around 1000-1500 names. Once you see acceptable returns on the smaller mailing then you can jump in with the larger numbers. Test, test, test! The purpose of special mailing lists is to target a specific type of customer for your specific type of business. The eventual end result is more customers and a better bottom line. And this is what we all want, right? Repeating Your Message cam•paign n. 1. A series of military operations undertaken to achieve a large-scale objective during a war: Grant's Vicksburg campaign secured the entire Mississippi for the Union. 2. An operation or series of operations energetically pursued to accomplish a purpose: an advertising campaign for a new product; a candidate's political campaign. intr.v. cam•paigned, cam•paign•ing, cam•paigns To engage Avoid Common Business Start-Up Mistakes ion: How do you catch a monkey? You have to get into his head, think like him. You have to “BE” the monkey to find out what is going to bring him close enough for you to catch him.If you are considering starting up a business, you are facing both an exciting and stressful time. To succeed, you should avoid the common mistakes many new business owners make.The motivation to start a business is usually derived from a dream. You envision something of interest that you think you can make money off of. You probably have been sitting on the idea for some time and something has motivated you to finally have a go at it. Maybe your finances are such that you can comfortably devote your time to it. Maybe you got laid off. Regardless, a vision is not enough to ensure your success! Over the years, I’ve seen many businesses based on good ideas crash and burn. Here are some of the common mistakes they make and you should avoid.A vision for a business is vital, but it fails to take in the details of running a business. If you start a business without preparing for the details, you are probably going to be frustrated. The key to launching a business is to prepare, prepare, prepare. Research your business area. More importantly, research the potential competitors in the industry. Know everything. Read everything you can get your hands on. Knowledge is power when it comes to starting a business, and you must obtain as much as possible if you want to succeed.The second biggest mistake is failing to understand the requirements of running the day-to-day business. The single biggest complaint you will hear from new business owners is they have to spend so much t Every potential customer is like the monkey. They are going to do whatever they want unless you can persuade them to listen to you. You have to get into their head, think like them, “BE” them. A monkey is a simple animal so you can probably get his attention with the stereotypical banana. Human beings on the other hand are extremely complex. Then you add in the fact that the mailing list is targeted and it can get quite challenging. To help you answer the question of what you should say in your ad, you should use three things: • Reasoning Take an unrelated subject to your own industry – sometimes it’s better learn that way. Pick something. Say you have an upscale Italian women’s shoe boutique. You want to appeal to women that like that sort of thing. Get in her head. What would make her want to buy from you? Remember, she gets bombarded with advertisements every day. What can you say that really draws her in? How about “Tired of Wearing the Same Styles as Everyone Else?” Have a graphic that supports the message - show a fantastic pair of shoes or better yet a good looking woman with a great pair of shoes on. Now pretend you are a family man or woman with a household income of the $75k with revolving debt of $15K and you’ve got two kids! Kids can be pretty expensive. So, why would you like to refinance? Find a Specialized Mailing List As always the first step is to determine who your target market will be. Say you want to market to homeowners. Good, now we have narrowed it down to only 291,324 people in your area. As a minimum, your mailing campaign should send to the same names three times. So all you have to do is send out 873,972 postcards at $0.185 per piece & you get the point. We need to narrow it down some more. So how do you accomplish the narrowing of your list? Many factors can be considered, including age, gender, zip code, annual salary, profession and number of children are some of the more common qualifiers. It may take a while to figure out what combination works for your specific product. Don’t worry about political correctness when considering whom you should mail to. It is perfectly acceptable to test certain lists that may be considered "stereotypical". Many times these lists will work well. But you never know until you test them. No matter how great an idea you have about a certain market, ALWAYS DO A SMALLER TEST MAILING FIRST! Average test mailings run around 1000-1500 names. Once you see acceptable returns on the smaller mailing then you can jump in with the larger numbers. Test, test, test! The purpose of special mailing lists is to target a specific type of customer for your specific type of business. The eventual end result is more customers and a better bottom line. And this is what we all want, right? Repeating Your Message cam•paign n. 1. A series of military operations undertaken to achieve a large-scale objective during a war: Grant's Vicksburg campaign secured the entire Mississippi for the Union. 2. An operation or series of operations energetically pursued to accomplish a purpose: an advertising campaign for a new product; a candidate's political campaign. intr.v. cam•paigned, cam•paign•ing, cam•paigns To engage How About Printing Your Own Business Cards? pair of shoes or better yet a good looking woman with a great pair of shoes on.Business cards do not have to be boring. In fact, the more exciting and unique your business card is the more likely it is to be noticed. Since fifteenth century China business cards have been used as a tool for marketing, advertising and promotion.Although there is no definition for combined phrase “business card” in Webster's or Oxford's Dictionary there is a general explanation for the word “card”, which is defined as (a) thick, stiff paper or thin cardboard, (b) a piece of card for writing on, especially a postcard or greetings card, and (c) a business card or visiting card. From that definition we know that business cards are simply "an imprinted advertising message of one's name and type of business they are engaged, on small pieces of stiff papers or thin pasteboards, usually rectangular in shape and measuring 3-4 inches long by 2 inches wide."What we know as contemporary business cards have been in use for over two centuries in the United States. As a tool to tell who they were and what area of industry or trade they were skilled in early immigrants would imprint their name and vocation on a calling card and hand them out to others. With modern technology reducing the costs to print business cards, there are few, if any, valid reasons for a person not to have a business card.When you are just starting out, managing costs is imperative to maintaining and sustaining your business success. If you start-up finances are minimal or if you are a do-it-your Now pretend you are a family man or woman with a household income of the $75k with revolving debt of $15K and you’ve got two kids! Kids can be pretty expensive. So, why would you like to refinance? Find a Specialized Mailing List As always the first step is to determine who your target market will be. Say you want to market to homeowners. Good, now we have narrowed it down to only 291,324 people in your area. As a minimum, your mailing campaign should send to the same names three times. So all you have to do is send out 873,972 postcards at $0.185 per piece & you get the point. We need to narrow it down some more. So how do you accomplish the narrowing of your list? Many factors can be considered, including age, gender, zip code, annual salary, profession and number of children are some of the more common qualifiers. It may take a while to figure out what combination works for your specific product. Don’t worry about political correctness when considering whom you should mail to. It is perfectly acceptable to test certain lists that may be considered "stereotypical". Many times these lists will work well. But you never know until you test them. No matter how great an idea you have about a certain market, ALWAYS DO A SMALLER TEST MAILING FIRST! Average test mailings run around 1000-1500 names. Once you see acceptable returns on the smaller mailing then you can jump in with the larger numbers. Test, test, test! The purpose of special mailing lists is to target a specific type of customer for your specific type of business. The eventual end result is more customers and a better bottom line. And this is what we all want, right? Repeating Your Message cam•paign n. 1. A series of military operations undertaken to achieve a large-scale objective during a war: Grant's Vicksburg campaign secured the entire Mississippi for the Union. 2. An operation or series of operations energetically pursued to accomplish a purpose: an advertising campaign for a new product; a candidate's political campaign. intr.v. cam•paigned, cam•paign•ing, cam•paigns To engage The Monetary Value of Education ke a while to figure out what combination works for your specific product. Don’t worry about political correctness when considering whom you should mail to. It is perfectly acceptable to test certain lists that may be considered "stereotypical". Many times these lists will work well. But you never know until you test them.The value of education is hard to define. We have heard from parents, teachers and employers that education is a pathway to a better life. Yet we must wonder how far we must go to achieve the lifestyle that we want. Whether we finish high school and start to work or go to our doctoral degree before entering upon an occupation is a personal choice about your own feelings of self-worth. It is important to look at the statistics.Over the last couple of decades the children born to parents who do not have a college education are increasingly impoverished (1):1. The percentage of children in low-income families of parents who do not hold a high school diploma increased from 68% to 73%.2. The percentage of children in low-income families of parents who have a high school diploma but no college increased from 38% to 43%.3. The percentage of children in low-income families of parents who have some college decreased from 18% to 15%.We thus find that the education that we hold has a direct effect on the lifestyles of our children. The lower your education the more chance your children are poor and the higher education you have the lower chance that your children will be poor. Education then becomes paramount to raising children with a chance to succeed.Adults between the age of 25 and 64 earned an average of $34,700 per year (2). Consider the following statistics (2):1. High school dropouts earned on average $18,900 per year.2. High school No matter how great an idea you have about a certain market, ALWAYS DO A SMALLER TEST MAILING FIRST! Average test mailings run around 1000-1500 names. Once you see acceptable returns on the smaller mailing then you can jump in with the larger numbers. Test, test, test! The purpose of special mailing lists is to target a specific type of customer for your specific type of business. The eventual end result is more customers and a better bottom line. And this is what we all want, right? Repeating Your Message cam•paign n. 1. A series of military operations undertaken to achieve a large-scale objective during a war: Grant's Vicksburg campaign secured the entire Mississippi for the Union. 2. An operation or series of operations energetically pursued to accomplish a purpose: an advertising campaign for a new product; a candidate's political campaign. intr.v. cam•paigned, cam•paign•ing, cam•paigns To engage in an operation planned to achieve a certain goal: campaigned through the jungles of Vietnam; campaigned for human rights. [French campagne, from Italian campagna, field, military operation, from Late Latin camp nia, open country, battlefield, from Latin campus, field.] Definition number 2 above is the one we’re using. But from studying the entire definition along with the derivation (the word origin) you can see how all the definitions tie together. Campaigns for marketing are, in a nutshell, a series of advertising steps including repeat mailings that are strategically planned so that there is maximum benefit (more new customers) for your business. Nota bene (that means “take note” in Latin – and I do mean take note): If you are not doing repeat mailings then you are flushing money down toilet. Sorry, I know. The truth sometimes hurts. Why is this true? One mailing of one postcard once is barely going to get anyone’s attention for more then the minute they see it. Think about it. How many times have you seen the same TV commercials over and over? A one shot in the dark postcard mailing is not going to change your business, your bottom line, your life or your anything. So, if you are not up to confronting that you need to do a campaign then maybe you shouldn’t be in business. And that may sound harsh – it is harsh. It’s a harsh world. And I want you to succeed in it. There is another reason. Credibility. In some cases people will hold onto your postcard for a while. They can hold onto your postcard for six months. They may even hold on to your card for three years. But in most cases they’ll think “Oh, I may need that some day” and then while tidying up they’ll throw it away. When you repeat your mailings to those same people and they see your image, logo, slogan, message over and over you become credible to them. Your chances of them responding just got greater. Repeat mailings cannot be repeated enough. To give you an example, I call it the ‘Trickle Down Effect’: Say you send out 5000 postcards. Out of that 5000, 150 hang onto your postcard. Out of that 5000, so many call the 1st week. Out of that 5000, so many call the 2nd week. Out of that 5000, so many call the next month. Out of that 5000, so many call in 6 months. Out of that 5000, so many never call… There is a dwindling inflow from that first mailing and therefore can give a false impression of what occurs from one mailing. Someone sends out a postcard and says, “I only got four responses from my mailing!” But there is a whole dynamic that is going on that is continuing from that one mailing way after the person who sent the mailing expects things to happen. Think about it. Do you jump at every single advertisement that you get bombarded with that you think is a good idea? If you do, you are either a millionaire or broke. But most likely, you see some advertisement that catches your interest and say to yourself that you’d like to check that out some day. Then, you see it again and remember that you wanted to check that out one day. And then, you see it again and this time you decide to check it out. You want continuous and consistent growth. So what do you do? Look at this scenario: What if, You send out 5000 postcards one week and you have all that going on that I mentioned above. You send out 5000 the next week and you have all that going on that I mentioned above. You send out 5000 the next week and that dwindling flow chart is going on, on each one of those outflows. What is going to happen? Eventually it is going to snowball – it’s coming in from all different places! You are really putting your communication out there consistently in a big way. And yes, it costs a lot of money to do it. (Once you have your list which you’ll use over and over – only paying for it once – postage is more then 55% of your costs) So, FIND THE MONEY. If you are going to borrow money to do a business, spend that borrowed money on marketing! Start with a list and mail to one list one week, another list the next week and another list the following week. Then you rotate those lists – again. And again. And again. Now you ask - what if you only have one list? You can still rotate one list. And it is always good to put it on a spreadsheet or a flow chart to track what you are doing and what you have already done. For instance: You get one list of 6000 identities. You can mail to 2000 one week, 2000 the next week and 2000 the third week. Then you rotate. There are your three different lists! A campaign is mailing to the same people over and over and over again. The point is you want to hit your prospects with different communication about the same thing or hit them with different products with the same look and feel or both. The rest will come. Because what you are building with a marketing campaign is credibility. You are building your business through communication. You are communicating consistently, so much that people will believe you (credibility) and t
HTTP = HTML link (for blogs, profiles,phorums):
Related Articles:The Sign of a Great Leader - Consideration of Others How to Benefit from a Power Team
|