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How to Use Direct Mail
Direct Mail has a number of
unique attributes that make it the marketing medium of choice for
many commercial finance consultants. This is especially true
for those operating from a more rural setting and without the
opportunities and availability of networking. For brokers
and intermediaries, direct mail...
•
generates an immediate and measurable response •
can pay for itself rapidly • can be tested and then
rolled out quickly • speaks directly to a
prospect's problems and concerns • is personal •
can be used by those on a tight budget
Direct Mail, Offers, Telephone Follow Up
Offers
are a critical part of direct mail. In fact, providing the
targets of your direct mail campaign with an enticing offer will
easily account for 50% or more of the success of your direct mail
campaign. The other 50% will be
the result of telephone follow up. What we are saying here
is that direct mail is a powerful, lead generating tool.
Just make sure it includes an enticing offer and always follow up
your mailings with a telephone call to the prospect. With
postage rates at 44 cents, it can easily cost $50 to get a single
"good" lead. Make sure you follow up. With this approach, direct
mail can be very cost effective and literally the medium of choice
for your marketing efforts.
Format Dynamics For direct mail to be an
effective lead generating medium, it first must be opened.
This is the important job of the envelope. So the rule here
is, if possible, avoid using a standard #10 envelope for your
mailings. A recommendation is to use a 6x9 envelope with
your sales letter simply folded in half. Design a quality
stuffer that includes an offer and your well on your way to having
a successful mail package.
Never use labels for your mailing if at all possible. If you
want to increase your viewing (open) rate, the way to do it is to
hand address each envelope. An alternative is to use a
"handwriting" font style when printing your envelopes. Also,
never use a postage meter for direct mail for lead generation.
Always use a stamp and preferably a "commemorative stamp" of some
kind. Good choices are stamps that feature famous people or
those that deal with historical events such as World War II.
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Direct Mail and Your Website One of the most
unique formats we have seen used in highly successful direct mail
programs is the use of an "invitation". With this campaign,
you simply use a small white card and envelope similar to what you
would receive for a wedding or a party invitation. The
envelope is hand addressed to the business owner and mailed using
a commemorative stamp. There is NO SALES LETTER. The
inside simply contains a card that says, "A special invitation for
___________________. Visit:
www.______.com. Handwrite in the business owner's name
where the line is. Have a special landing page on your
website
www.website.com/invitation.htm. On this special page,
you will have your sales message and your FREE offer of a booklet
or report.
The advantages of this campaign are many. First, 100% of
your envelopes will be opened. No one, and I mean no one,
will throw away what appears to be a wedding or party invitation.
Second, the curiosity of receiving such a unique mailing will
simply be too great. The vast majority, probably well over
90%, will visit your website to explore what your "invitation" is
all about. Third, when making your follow up telephone
contact, no one will say..."I don't remember getting your mail."
You will easily be able to begin a conversation with the business
owner discussing his/her ability to download your FREE booklet or
white paper and whether your services might be required for their
company now or in the future.
The bottom line here is that
direct mail should always be used to "support" some other medium.
Use direct mail to...
• soften
prospects for your cold calling • invite business
owners to a workshop on factoring • drive business
owners to your website for a FREE booklet • invite
the recipient to an event where they can meet you
Measuring Your Mail Campaign's Success If
properly formatted and rolled out, success rates of direct mail
are relatively easy for you to gauge. In virtually all
cases, you will use direct mail as a "response" medium. this
means you expect a response and this is usually through your
website where the recipient will go to request your FREE offer.
One of the first measures of the success of your mail will be,
therefore, the number of business owners that visit your site and
download your report or booklet.
The second measure will
be more difficult to obtain. This will be through your cold
call follow up and will be gauged by those that readily admit to
receiving your mail, remember it, and have an opinion as to
whether it was or was not of interest to them and their business.
Do not depend simply on your mailings. For direct mail to be
effective in today's environment, it
must be followed up with a prospecting cold call. |