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Showing posts with label Direct Mail Marketing. Show all posts
Showing posts with label Direct Mail Marketing. Show all posts

Tuesday, March 30, 2010

Better Response Rates as a result of Agile

In my podcast yesterday, I had two Agile Development experts from Xerox. Several of the key points that they made was that Agile even though perceptively may be that it is undisciplined, it actually is a methodology that is driven by metrics and therefore very disciplined. They discussed how Design for Lean Six Sigma is applied within the development team to obtain the customer information needed.

This brought my thought process back to the outline by Eric Reiss where he believes that you need both a programming and customer development team. Though I did not ask the question in the podcast directly, I believe that Eric’s explanation and the Xerox definition closely resemble each other.

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The important of gathering the correct metrics and the voice of the customer seems so important in the agile method. Since, I have been testing and applying Agile methods to the marketing process I studied Eric’s diagram in the terms of a marketing funnel seeing his cycle take place as we discover, validate, create the offer and then scale the offer. Taking this approach, I can see developing a marketing campaign around this. For an easy example, I will use just simple direct mail piece.

  1. Customer Discovery: You must decide who the customer is relative to the offering ; A simple procedure of target marketing or building a customer persona.
  2. Customer Validation: If you are planning a 20,000 piece mailing, than you would of course get an adequate sample size and to validate the offering and see if your call to action is strong enough. You may adjust the mailing several times to improve it and see which mail piece performs the best.
  3. Customer Creation: I would propose that you set your demographics tighter and determine the needs stronger for the offering. Maybe, a Mafia offering of sort, something they can’t refuse.
  4. Scale Company: You should have acquired enough knowledge to scale your offering not only to meet the needs of the customer but the resources of your organization. Maybe, it is something as simple as the final number of pieces that will be mailed and/or the material that you have on hand based on the response rate that you have tested.

Nothing earth shattering in this proposal, but the true iterative process will or should change the way you look at this. As Jim Highsmith, a founding member of the Agile Alliance and celebrated author once said: “Deliver the product needed at the end, not the one requested at the beginning.” The purpose of such a relatively small project is not completing the project but the ability to learn how to adapt a process to your customers needs. As you take these relatively small steps they will turn in to large leaps as time goes on.

Usually the biggest argument that people have against a process such as this, is time. However, my argument would be that there is a huge tradeoff between time and effectiveness. Worst case scenario is If your sampling never works and you end up sampling all 20,000 what have you lost, a little time? Another scenario is that you just mailed 20,000 and were happy with a typical return of 1 or 2% because that is what direct mail gets. So if you receive 200 to 400 responses you are entirely happy. But what if you sampled 1,000 and then another 2,000 and another 2,000? If you received 1% just on these and 3 to 5% on the balance, you would have increased your effectiveness from 200/400 to 500/800.

This simple concept should actually become a foundation of your mail system. Presently, I have started to formalize a plan for my own e-mail delivery system and breaking my list into sample sizes that I rotate for feedback. This way I will be delivering the same e-mail practically every day with an adjustment to each one based on the click stream from the day before. It may be nothing more than moving one section to a higher level in the letter. The next day, maybe I would add a picture to the worst performing section and so on. What do you think I will learn? Or not learn?

Related Posts:

  • evaluate your Customer Needs
  • Using Agile Marketing in real life
  • Boyd’s Law of Iteration: Speed beats Quality

  • Friday, January 29, 2010

    Top 10 Reasons to Have an Ezine

    I recently switched e-mail providers to Get Response. Here is an affiliate post that I think you may find interesting on why you should have an Ezine.

    1. Establish yourself as a trusted expert. People search online for information and will look to you, as a subject matter expert, to provide it to them. Every week (or whatever schedule works) provides an opportunity to build on this, while reinforcing your brand.

    2. Build a relationship with the people on your list. It's common knowledge that people like to buy from people they like. By using ezines to connect with readers in their homes, you can develop a relationship of familiarity and trust. Be sure to share a little about yourself or your company in every issue, whether it is an anecdote, event, or employee spotlight.

    3. Keep in touch with prospects and clients. Consideration should be given to eventually developing two ezines: one for prospects and one for clients, as each require different information. This is a great way to notify your readers of weekly specials or upcoming product launches, offer new articles or customer stories, and provide links (or urls) to updated FAQs, blogs and splash pages.

    4. Drive traffic to your website or blog. As noted in #3, remember to call attention to new blog posts or other changes to your website with links directly to those pages. Remind readers of your online newsletter archives. Promote special sales (maybe with discount coupon codes only for subscribers) with a link to the sales page. Use links to turn your ezines and newsletters into "silent salespersons"– driving traffic to your website and building your lists around the clock.

    5. Build content on your website. Make a habit to adding your ezines and newsletters to your website in an archive area. This serves a several important purposes:

      • Visitors can read an issue or two to determine if your ezine will be of interest to them, which could help to increase sign-ups and potential sales.

      • If you optimize your article placements, you will not only make your website "meatier", but you'll also bring new traffic from the search engines.

    6. Get feedback from your readers. Make it easy for you to stay in touch with prospects and customers and vice versa. Ask them to take action and comment on your articles and offers. Conduct polls and surveys. Start a "Letters to the Editor" column in your ezine. Feedback allows you to fine tune your messages, target your marketing, and expand your product line. It's also great for relationship building!

    7. Develop an information product. If you deliver your newsletter once a week and include two articles, at the end of a year you'll have 104 well-researched articles in your portfolio! Pick the best-of-the-best and turn them into a bonus ebook for opting-in to your list, submit to download sites to build your list, or sell in PDF-format!

    8. Grow your mailing list. Let your ezine subscribers work for you. Be sure to remind your readers that it's okay to forward your newsletter to anyone they'd like. In addition, it's important to include sign-up instructions for those who received your ezine from viral marketing methods. A simple line titled, "Get Your Own Copy of XXXXXX", with a link to your squeeze or opt-in page is all it takes!

    9. Gather demographic data. By offering surveys, feedback forms, and niche reports, you'll be able to get valuable information about your prospects and customers. Learn what makes your readers tick, how to better serve them, and how to give them what they want. Make sure they become repeat customers!

    10. Save money! All of the above benefits of publishing an ezine are free or almost free. The small cost of a top-rated ezine publishing system is nothing compared to the cost of brochures, business cards, advertising, direct mail, pay-per-click or other means of promotion. Not only that, but someone has to manage that production! Because your newsletter is delivered online, you can grow your list to be as large as you want without worrying about the expense. Bottom line − it's proven that email marketing is the most cost-effective marketing solution for companies just like yours!

    Would like to learn more about Get Response?

    Tuesday, February 5, 2008

    Direct Mail using Postcards

    Recently, I worked with a company and as part of their Lead Generation Machine we developed a direct mail program using postcards. Not novel, but in the process I wrote the following e-mail which I thoguht was worth sharing. They were convinced that 65% of postcards were read...maybe, but by who? The person bringing in the mail? Here was my response:

    My Postcard Thoughts:

    1. 65% is a postcard publisher's dream. If it was that high, you would never receive junk mail any other way. However, a high percentage of junk mail comes that way, so there is some truth.
    2. More important does it get to the right person. If the message is not direct, postcards may not even reach who it is addressed to, especially if that person has a secretary or someone determines that it should go to somebody else. You could end up in engineering, purchasing, service, maintenance or?
    3. Bottom line is the more generic the mailing lists and message the lower the response.
    4. With that said, I see no problem using that venue over mail as long as your message is specific and we can get a response out of it.
    5. I would design the postcard to solicit a response with maybe a message that is time based. Though I am not suggesting this, I hate discount programs, but as an example “10% off panel work on orders received in November.” Most fax programs and mailings that work are time specific and sell a particular item.
    6. People like events or openings.
    7. The next question is I think the postcard has to be part of an overall plan that includes follow up and what response you are looking for.
    8. Steps in postcard:
      1. Determine market(who, where = mail list, OK)
      2. Determine message(What do they want and Why will they respond?)
      3. Decide what if someone responds to it, what you are going to do or send. (How, when = will you follow up?)