Thursday, February 7, 2013
Improve Marketing Effectiveness
Improve Marketing Effectiveness
Did you know that you can economize on your print marketing and increase your marketing effectiveness simultaneously?
You might equate saving money with choosing less expensive paper or printing less, but it is about targeting and optimization. Here are ways you can save marketing dollars while actually improving your results.
1) Clean your database. Yes, get rid of all those dead end names, out of business companies, people who have lost or left their jobs. Throw them out. Then try to make sure all the addresses are correct both email and physical addresses. There is no sense spending the time emailing something to someone that has no chance of getting there. Even an email blast has a cost. As for mail? Mail, even if you print it yourself has a cost to print and mail it out but the name is not quite as important because it might go to the new person who took your old prospects place. When your mail gets to the place you want it to go, your response rates go up!
What percentage of a direct mailing you do actually gets delivered? Do you have any idea? According to the United States Postal Service, 30% of all bulk mail never gets to its location because the addresses are undeliverable.
So work hard to keep your mailing list up to date if you are going to use it, it is money you don’t waist. The USPS can and wants to help you. They don’t like all that junk mail they can’t deliver either. So they have a service called the United States Postal Service CASS certification to confirm that addresses in your list are deliverable. Run your list through the NCOA (National Change of Address) every six months and keep that list scrubbed.
Next best thing you can do with your list is to break it down into segments. Not all prospects are created equal or should get the same message. Break down your database to pin point accuracy by targeting your message to different demographic groups within your larger target audience. This will not just decrease your print runs and postage but because your message is more relevant you will increase your response rates.
2) Divide in to target markets. By dividing your audience in to groups, you can speak to each more specifically. You might tailor your message by sic code. You might offer different products to businesses falling in to different levels of number of employees or sales. You might send different offers and incentives to current customers versus your past customers.
If you don't have demographics that you can pull out of in your database, and they do really help, demographic direction is very cost-effective. Talk to us about adding different variables into your market segment that will help to increase the pointed direction you want your marketing to attack or be directed to. The tighter your direction and offer the better your return on investment (ROI) will be.
Then think about your overall push. Be it direct mail, email blast or a telemarketing campaign, if you are still printing and mailing bulk if your email mail is not pointed if your telemarketing secret is one size fits all just to economize, it might be time to rethink. Get off the merry-go-round of marketing nonsense. Today's channels no matter what you are working in from Social Media Marketing to Direct Mail can be tailor made to fit your target. Offset and digital technologies let you print on demand (POD) and/or in time (JIT) so why not use that mentality in the rest of your marketing. As you do, your marketing gets stronger, your return goes up, you get more leads and you make more money.
3) Print on demand. A recent article, Target Marketing suggested evaluating the cost-effectiveness of POD models in the following categories:
Generic documents with annual usage of less than 5,000 pieces
More complex documents with annual usage of less than 1,000 pieces
New pieces for which no shelf life or usage history has been established
Items that change often
Materials about to enter back-order status
These are simple steps, but they can have profound results. Even in case you are in the rare minority of those not looking to economize on print marketing, keeping your database up to date, segmenting and targeting your marketing messages, and moving to a real-time stock and print management model ought to be part of the best practices of every company's marketing program.
Larson Notes & Satire: Clean database, dividing up your list to its proper demographics, then use it. Yes use it, run it hard and run it fast.
That, if nothing else is what we do best. We use what you got and do it day in day out consistently.
Now if there was a number 4 to that list that would be to be consistent. Outsource your marketing lead generation work to a company like ours and that is what you get. Day in day out consistency. We don’t get too busy. We don't to run out on an appointment or any of the distractions that get in the way of self marketing or self prospecting so we don’t have time to do the work. We don’t get to busy to mail sort your direct mail piece and get it out. We get it done.
Then 5. We know how to use the tools and the systems that make them work. We don’t have to learn on your time and your dollar. That college kid who works for an hour? You think he knows how to work social media and SEO for business? We already know what they only dream of knowing.
So you might want to think about your next step. We put it all together with a powerful knowledge and experience base.
If you want your business to be more, call us for an appointment.
Larson & Associates
Target Marketing & Telesales Professionals for new account acquisition
Making good businesses great and great businesses even better
P.S. We make telesales for small business affordable by offering programs down to only 15 hours a week. Maybe you could add telesales into your marketing mix call today and find out.