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Targeted,
Relevant, Timely: Direct Marketing Success Is About Doing It Right
I’ve been asked
just about every question related to using the mail stream better,
smarter and with a greater degree of success. I always lean back
on three reactions a direct marketer must trigger, simply to gain
opportunities: An action of “Yes, I’ll buy” or
“I’m interested in more” or “Not now, but
maybe later”… each are about hitting the key emotions
to move the mail recipient to act. Yes, action! A.C.T.I.O.N... just
like the cheer often witnessed at a sporting event, but for the
DM’ers of the world... it’s bliss.
DM euphoria can be achieved by putting timely efforts
into a succinct package that compels the recipient to act. So, you
might ask yourself, “How can I ensure that I’m covering
these elements correctly?” Thanks for asking, I’ll do
my best to help you understand its importance and provide benchmarks
to set your mind at ease. For starters, pay attention to the things
that matter; meaning, those elements you can measure. Doing this
ensures you never undermine your hunt for greater ROI.
I usually give a few descriptions of good DM. Let
me begin with the one we can all relate to. Okay - you accomplish
your morning rituals, shower, brush your teeth, use the restroom,
and as you complete this last task you are concerned you won’t
have enough bathroom tissue (“TP”, in my house) to satisfy
your personal hygiene requirements.
Get my drift? Move ahead a few hours. You make the
trip to the mailbox (a daily ritual that is as sacred as, well,
apple-pie and Chevrolet) and low and behold there is a coupon for
a free roll of TP when another of same value is purchased. Now,
you happen to be a non-brand loyal who is a fairly conscience shopper
and you are going to the grocery to acquire this toiletry along
with some other, hmm, less important items.
The previous example is one every household can
understand; whether we loathe the direct marketer or are amazed
of “how did they do that?” the business of direct marketing
greatly influences our buying patterns and is becoming increasingly
refined and more capable of “wowing” the consumer and
business mindset.
There are over 100 ways to qualify, mend or create
direct marketing segmentation. Each of them extends worthy time
and energy in pursuit of the DM holy land: ROI that rocks. Let’s
look at some key methods:
• Targeted DM. It’s making sure the
list of folks with whom you are communicating is a properly profiled
audience. Not an easy feat, but obtainable through either painstaking
soul searching or simple business intelligence. We should all know
who our best prospects are but sometimes we don’t. There are
many ways to validate, but be sure to test all theories and never
stop second-guessing yourself.
Dig, dig and dig deeper to ensure that your audience
is either profiled to match your existing house file or you have
studied your direct competition enough and realize your selling
horse products to a list of horse owners will work. Hint: Think
about targeting down to the minutia. How about, age of the horse,
will that help you? I Bet it will. Or, maybe household income of
the owner, or, zip codes where you’re having more success
than others will enhance results.
• Relevant DM. It's knowing when the last
piece of “TP” is coming off the roll. How do we know
such details? Well, my example is extreme, but really not too. For
example, now that POS (point of sale) data is captured at the grocery
store, marketers can begin to forecast consumption of product based
on the last time of purchase, time before that, and where you purchased
the unit. Thus, giving the marketers a fairly good idea of when
you’ll be looking to acquire more.
On the other hand, relevant DM’ers know that
the household of sedan vehicles might be interested in an SUV or
minivan. Why? Because our households are ever changing; everyday,
each of the 220 million US consumers changes… they get rich,
they get poor, they expand and they contract. And as a result, they
need to buy new things and that… is… relevant.
How do we capitalize on relevance in the household
to motivate a purchase for our product or service? We test hypothesis
of relevance based on demographic and psychographic shifting. We
look for Hotline information- not necessarily from data but from
propensity or profiling.
• Timely DM. It’s being instinctual
about the art. Now, how can I get timely to figure into a decision?
Timely is sometimes the hardest thing to know. How can we predict
the trends of a household? Much easier when we know the baby is
coming and they’ve registered with everyone and everywhere,
giving us delivery dates and sex details.
Timely knows that those of a multi-family dwelling
unit, who earn high incomes, could or should be able to afford a
house and a mortgage. So, it makes sense that new home solicitation
targeted to the aforementioned market is timely. And given the right,
compelling offer they will ACT.
Direct Marketing Success is about capturing the
rhythm of interest by instinct & skill. It’s the nose
of the DM expert or CMO who understand that he or she must use the
senses of observation combined with any and all analytical information
that can be added to the formula.
After this soup is stewing, an educated guess is
where targeted, relevant & timely meets ROI. Call it luck; call
it opportunity meets intelligent preparation. Call it whatever you
like, but they are forecasts that go beyond explanation. They just
work. I can help you to manage these issues… another time,
another place, another DM galaxy. |