Business Resource Center
Subscribe

KIPLINGER RECOMMENDS

Home > Growing Your Business
 
 

EXECUTIVE POLL

Bernard Madoff, convicted of running an $65 billion Ponzi scheme, was sentenced to 150 years in jail. What’s your take on his punishment?

Too heavy. There’s no point having him die in jail.
About right.
Not nearly heavy enough.
Not sure
 
   view results
Compare Price Quotes 100+ Services
ADVERTISEMENT
 
 

OUR PREMIUM CONTENT


The Kiplinger Letter
 
 
 

CURRENT LETTER

 
The Kiplinger Washington Editors
July 2, 2009
 

Overhauling
Financial Regs

By year-end or so, Congress will give the nod to a major rewriting of the nation's financial regulatory system. This week’s Kiplinger Letter explores whether the package will do more harm than good and what lawmakers are likely to include.
 
CORRECTIONS

TRY THE LETTER:

Subscribe
| See Sample
 
YOUR FEEDBACK
SUBSCRIBERLOG: Got a topic you'd like to discuss? Or a problem or question? Please join our exclusive forum for Letter subscribers only.
 
ASK US: A Kiplinger Letter editor will promptly answer subscriber questions.
 
 
OPEN FORUM: Share your insights and analysis with other visitors.
 
I just attended a franchise seminar. The speaker represents a few hundred franchises that (he says) are hand picked. He has the prospect (aka victim?) answer some questions about themselves then he makes recomendations - based on your personality, capital situation, etc.. If you pick a franchise, then he does some due dilligence for you. If you both decide it's a good idea, he helps you get started. He says he offers this service free of charge, which means he gets a commission if he's able to sell you a franchise. Has anyone done this? Successfully? Unsuccessfully?
-- fender
 

9 1/2 Ways -- To Get Customers to Open Your Direct Mail

Direct mail may sound dated, but it can be surprisingly effective -- if you can get people to read it. This month's "9 1/2 Ways" column tells how.
 
 
David Ward
Fuel




"9 1/2 Ways" is a column on how to reach, sell to and keep customers that appears bimonthly in the marketing newsletter Fuel, published by The Pohly Co. consulting firm. This month's author is California-based David Ward, who writes frequently about marketing, technology and the media for such publications as PR Week and Popular Science. He is a former correspondent for the London Daily Mail.

Despite the push in recent years to move direct marketing out of the mailbox and into the in-box, traditional direct mail pieces still remain surprisingly effective. A recent study by the Direct Marketing Association found that nearly 70% of consumers prefer to receive announcements and information on new products from companies they are familiar with via conventional mail, versus less than 20% who prefer e-mail pitches. But with so many companies sending out direct mail, even a carefully culled and targeted mailing list is often not enough. Here are some ways to ensure that your direct mail gets opened:

1. Get personal. Using the recipient's name as often as you can in a direct mail piece -- provided it's spelled correctly -- can make all the difference. "The closer you get to something that resembles a personal letter, the higher your response rate is going to be," notes Wilson Zehr, CEO of Cendix, a leading provider of Web-to-print applications for direct marketers based in suburban Portland, Ore.

2. Leverage all you know. One of the biggest mistakes direct marketers make is not using all the data they've been collecting on a potential customer, says Lois Willingham, vice president of sales and marketing at Huntington Beach, Calif.-based Think Ink Marketing. "You can include information such as recent transactions or amount of [charitable] donations or even the city and state where they live and what's going on in their area," she says.

3. Play the match game. Just as important as having the right direct mail list is making sure you match the right envelope and package to the right audience, says David Nelson, senior vice president at Walter Karl Inc. in Pearl River, N.Y. "Every niche audience you mail to has a different level of sophistication and gets exposed to different levels of direct mail, so you have to adapt your envelopes to who you're talking to," he says.

4. Pique their interest. The right teaser printed on a direct mail envelope can intrigue potential customers and raise response rates, says Dennis Bass, deputy executive director for the Washington, D.C.-based Center for Science in the Public Interest. He has built the subscription levels of his organization's Nutrition Action Healthletter largely through direct mail. "Our most successful teaser for the past 15 years has been '10 foods you should never eat,'" he notes.

5. Test and test again. If your piece doesn't get opened, it doesn't matter what you're selling. "That's why you need to do a lot of creative testing on the outer envelope," Nelson points out. "Right now the big thing at the post office is 'repositionables,'" replicas of sticky notes on the outside of the envelope.

6. Get bulky. One way to increase response rates and create a sense of reciprocity is by including a small gift in a direct mail package. "It will pique people's curiosity and make them want to open the package," Zehr says. "But you do have to look at the return on investment of those gifts because it is going to raise the costs."

7. Lend a hand. It may be labor intensive, but Willingham says many of her clients take the time to handwrite the address of each recipient. "There isn't a single business out there that shouldn't at least test this method," she says.

8. Go first-class. Most direct marketers, unless they're representing high-end products and services, can't afford first-class mail. But Bass says a creative postage design can do a lot to make direct mail look more appealing. "We have preprinted indicia for third-class or standard A postage, but it looks like metered postage," he says.

9. Make it inviting. Everyone likes to be invited to a party or events, so take that into account when designing your direct mail envelope. "Envelopes that look like an invitation tend to work really well," Willingham says. "Especially if you use a live stamp and no return address, because that gives the piece the look of personal correspondence."

1/2. Think blue. "As far as I know, the only [hard-and-fast] rule is that a signature should be in blue ink," Nelson says. "If you look at a two-color or four-color letter signed in black, that's a really stupid mistake."

For more marketing insights, click here to read the Fuel blog.

READER COMMENTS

Post a comment
 | 
Read all comments (8)


SAVE, SHARE & DISCUSS:    |   |   |   |   |   |   |   |   
ADD HEADLINES: