Wednesday, September 12, 2007

What Offers Work Best In Direct Mail Campaigns

Latent Semantic Indexing (LSI) And SEO
Good Improvements News
The offer you make in a direct mail package needs to be carefully thought out and matched as closely as possible to the interest, needs, and motivations of the list. And as a general rule of thumb the more specifically matched the offer and list are the higher the response rate.

Here are two simple examples to help you understand this idea.

Example one, John's Sporting Goods Store mails a brochure about his upcoming sale on skiing and hiking equipment to every resident in his store's neighborhood. His offer may be great, 25% to 50% discounts, a free gift for everyone who comes in, but his response will still probably be very low because of a high waste factor in his mailing.

Let's say John mailed 10,000 brochures. As few as 15 to 25 people may come in. A response rate of only one half of one percent or slightly worse but that's deceptive because of the waste factor. Of the 10,000 residents mailed only 1,000 of them maybe interested in skiing or hiking. If that's true and fifteen people come in that may represent one and a half percent response rate, which is usually acceptable.

Example two, John's Sporting Goods Store mails the exact same offer as in example one but he only mails a thousand brochures to a list of people in his store's neighborhood who are subscribers to Skiing, or Hiking, or Field and Stream Magazine.

In example two John's list acquisition cost will be much higher than example one. In example one the resident list may cost only $35 to $40 per thousand names. $350 to $400 for the 10,000 names. In example two the list may cost a $150 or even $200 for just the thousand names and in example two the cost of printing the brochures will go up dramatically per unit.

In example one the 10,000 brochures may cost only a nickel each, $500 total. In example two, the thousand brochures may cost twenty cents each, $200 total. However, in example two John saves almost two thousand dollars in postage by calling the waste factor out of his mailing. Overall he spends about 2,500 dollars less with the sophisticated approach in example two and gets the same results as he would with the costlier, less sophisticated example one.

Most small businesses and many big businesses waste substantial sums of money by taking the less sophisticated, easier approach. If the typical small business like John's Sporting Good Stores conducts just four direct mail campaigns a year and there's a $2,500 differential available each time that's $10,000 a year that can be wasted or saved.

$10,000 is a lot of money to a small business. Part of the magic of the sophisticated approach is the list to offer match. But to be successful you must also develop a very good attractive offer.

Dedicated To Multiplying Your Income

Dan Kennedy, http://www.dankennedy.com/


Right Diet's Tips
Placement of Adsense Ads - Location, Location, Location

Labels: , , , ,

Monday, June 25, 2007

On Unsolicited Advice


An Unlikely Entrepreneurial Inspiration

Once you start your own business, the advice pours in from all sides: Your sister has a great idea for a marketing campaign. Your brother thinks you should get a franchise. Your father wants you to be tougher on your employees. And your mother, who's worried about you, suggests that maybe you should really be looking for a job.

Unsolicited advice doesn't just come from family members. Friends, lawyers, accountants, even strangers you meet at networking events or soccer games suddenly become experts when they learn that you own your own business.

It's a jungle out there. Of course, you could just ignore them all and go your own way. But some people have good ideas and insight. How do you know who to listen to and who to ignore?

Here's a handy guide for determining what advice to pay heed to, and who you should politely thank and say, "Could you pass the cheese plate please?"

• Experienced businesspeople in your industry: Listen hard to these folks! Novice entrepreneurs often believe they know better than those who've been around a long time. But the realities of an industry don't change quickly. You can learn a lot from those who've been in an industry. So listen closely even if you don't follow their advice to the letter.

• Customers: You'd better be listening to your customers, because they're the ones who determine whether you stay in business. It's tempting to dismiss the advice of customers because it often comes in the form of complaints. Instead, look for ways to gather as much insight and suggestions from customers in positive situations. Ask for their feedback.

• Employees: Your employees can be a rich vein of insight and advice for your company. Seek it out, listen to it carefully, and use it when you can. Create an environment where employees know their advice is welcome, valued, and given a careful hearing. Employees often know the ins and outs of some aspects of a business better than the owner.

• Investors: Your investors are, in essence, your partners, so the advice-giving and advice-taking process is a two-way street. It's part of your job to help your investors know enough about your business so that when they give you suggestions, it can be informed and well-reasoned.

• Board and advisory committee members: In most cases, people serve on your board of directors or advisory committee because you've asked them to, so their advice should be given great respect. Board members (of corporations) have legal authority, so board decisions must be followed.

• Friends and family: Your family's support is often essential for major business decisions, especially financial ones. If you're taking a home equity loan, for instance, you certainly must have your spouse's approval. In which case, they have a right to have their suggestions listened to with respect.

But on other decisions, remember, people close to you have their own motivations and their own fears coloring their advice. When your spouse suggests you'd be a lot more productive if you didn't work in the living room, he or she may just want to get your stuff out of the way.


SnoBear Snow RVs7 Tips to Speak With Ease
Especial del Humor - Claudio, Autori y el Chorri

Labels: , , , ,