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Here are 14 more questions I'm often asked about the different phases of
marketing. Starting with direct mail - getting your package opened:
Direct Mail
Q. What does it cost to mail 1,000 to 5,000 pieces of mail. A. Unless
you're in the direct mail business and mail all the time, figure the costs
between 45 cents and 55 cents per envelope. This includes postage, envelope,
letter, and brochure.
Q. What's a good response to a mailing? A. Anything that makes money.
If you're selling a 12 million dollar airplane and get one inquiry from your
100,000 piece mailing - and he buys a plane, you were successful. But I usually
figure 1/2 to 1% as pretty good, and try to calculate if my clients will show a
profit at one half of one percent.
So the real question is "Will you be profitable if one person out of 200
buys? Or, if one out of 100 buys?" You have to work out your numbers from the
back end first, to see what conversion ratio you need to break even or - heaven
forbid - make money.
That's why products selling for $15 or $20 bucks aren't successful - you
need too high a percentage response to make money in direct mail. At a cost of
$500 per thousand pieces mailed, with a 1% response - or 10 calls - you need to
sell enough to cover a $500 cost, or $50/order after product and processing
costs - just to break even.
Q. Should you use teaser copy on your envelope or not? A. Yes, and no.
A great teaser line - if it's clever - will overcome a bulk mail stamp (now
called standard mail) and can drive the recipient to open the envelope. On
the other hand, if you want more a of a professional look, and don't want to use
a teaser line, the next best way to get recipients to open your letter: design
it to look like it's a personal letter - put a live, first class stamp on it and
hand write or ink-jet the address. Then use your name (with no company name)
and your business address in the upper left hand corner. Now it looks like a
personal letter, and most everybody will open it. It's important to have the
recipient's address imaged directly on the envelope - no label.
Q. What's the best way to come up with great teaser copy for your envelope?
A. It's the Jeff Dobkin 100 to 1 Rule: Write 100 lines, go back and pick
out your best one. Yep. This technique, as first reported in my book, Uncommon
Marketing Techniques, also works to create a headline for an ad or a press
release; or the first line of your letter or the body copy of an ad. I didn't
say you'd like it, I just said it works.
Q. OK, Dobkin - what's your own best teaser copy to get an envelope opened?
A. My favorite teaser copy for envelopes is "Gift Certificate Enclosed!"
Everyone will open because... if only to see what it is. Also - they're 1.
cheap to print and 2. light to ship (on only 1/3 or 1/4 of a sheet of paper), 3.
have no cost at all until redemption, 4. can be directed at high margin or
excess merchandise, and are 5. naturally easy to track. Any arguments?
Copywriting
Q. What's your best trick for writing when you can't seem to come up with
anything good? A. Start anywhere, then go back and cross out your first
sentence. Having a really bad day? Go back and cross out your first
paragraph. This will pull you right into the heart of your copy.
Q. Give two of your favorite headline formula A. New Product Offers
Benefit, Benefit, Benefit (New lightweight tennis racquet is faster to swing,
easier to control and hits harder); and Free Booklet Offers Valuable
Information; for example: Call for Free Booklet "How to Pack China for Moving!"
The strength of the booklet title determines the response.
Marketing Questions
Q. What is the objective of the "marketing function"? A. To narrow the
prospect list to "only the people who are the very most likely to purchase, when
they are ready to purchase" and delete everyone else.
Q. How do you find all the magazines that go to any industry? A. There
are excellent magazine directories at the library. You can find any industry
and the magazines that serve that industry in under 5 minutes. The best
directories are Bacon's Magazine Directory, Burrelle's Magazine Directory,
Oxbridge Communication's Directory of Periodicals, and the SRDS Directory of
Magazines.
Q. How can I get a sample copy of any magazine to see if it has a good
profile audience for me to market to? A. As a potential advertiser, call the
publisher and ask for a "Media kit." Sample copies will be sent along with
advertising rate information by first class mail. Their response will be very
prompt. Be sure to ask for any annual directory issue at that time, too.
Directory issues are usually only available once a year when they come out -
unless you request them with a media kit. Nice trick, huh? My publisher friends
are gonna' hate me for this one.
Q. Where can I buy a mailing list? A. Sources for lists include: List
brokers (these can be found in the phone book), List compilers as found in the
direct marketing trade journals, magazine publishers (who usually sell their
lists), associations, on the web, catalog publishers; also check out the SRDS
Directory of Mailings Lists and the Oxbridge Communications Directory of
Mailings Lists at the library. These reference journals contain over 10,000
mailing lists with all the pertinent list data such as who owns the list, the
cost, number of records, etc.
Q. What's the most valuable sheet of paper in all of direct marketing?
A. A letter. If you don't include a letter in your direct mail package you
could be losing up to 40% of your response. Make it look like a letter. At a
printing cost of 1-1/2 cents, it's cheap insurance to make your package work
harder.
Q. If a letter is so strong in direct mail, do I need a brochure? A. You
should have a brochure or better yet a booklet. This is used to build
credibility for your letter and offer. The brochure tells, the letter sells.
Show the features your products have in the brochure, and the benefits of those
features in the letter.
Q. What's the most effective $100 campaign in direct marketing? A. That
would be mailing a series of 6 to 12 letters to your top 100 prospects.
Press Relations
Q. What's the most valuable sheet of paper in all of marketing? A. A
Press Release is the single most effective single sheet of paper in all of
marketing. A press release is a one page, double spaced, typed sheet of paper
with a description of your product or service written in a crisp, concise
newspaper-style of writing. It is sent to editors of newspapers and magazines
and - if selected to be published - it is printed as editorial.
Q. Should I send a letter with my press release? Why should I say "Enclosed
is a press release..." they can see it's a press release when they open it.
A. Does Captain Hook have a wooden leg? You bet! A letter builds
credibility, subtly explains why the press release should be published, and
supplies additional material you might not be able to say your release that an
editor can also pick up and use if your press release is published.
Q. How many press releases do I send out in a medium-sized campaign? A.
At our small firm (2 of us) we send out a medium-sized campaign to about 100
newspapers and magazines. We try to do this every week - we don't always meet
this goal, but we always try.
Q. What are the chances of our press release being published? A. Small
trade magazines: 10 to 20%. Larger trade magazines: 5 to 10%. Consumer
magazines: 1% It's like shaking hands with the Pope - it can happen, but not
without a lot of effort.
Q. How can I increase my chances of having my press release published?
A. Call the editor. When you call the editor, you increase your chances by
50%. When you place an ad, your chances of having a press release run can as
high as 90% - if you go about it the right way. ("If I place this ad, do you
think I can have a press release run in the next issue?")
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