Enhancing Your Mailing List Increases Your Campaign Effectiveness - VR Business Sales Blog

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Tuesday, May 5, 2009

Enhancing Your Mailing List Increases Your Campaign Effectiveness

JoAnn Lombardi
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Getting the mailing list right is vital. Basic mailing lists simply include names, addresses, job titles, and telephone numbers of customers and prospects. The basic list can be refined by adding information about buying patterns, lifestyle, and many other factors. This will provide a comprehensive picture of customers and prospects.  
 
Verify All Internal Sources of Information  
 
Your customer records are probably your most valuable asset as they invariably generate the highest response rates when they are mailed with relevant information.  
 
The most important sources are:
  • Customer records;
  • Customer correspondence, including records of complaints;
  • Warranty records;
  • Service records;
  • Sales prospect files;
  • Sales force reports;
  • Records of lapsed customers.  
Simple segmentation of your internal lists might give you categories such as:
  • Customers who have bought in the last six months;
  • Lapsed customers;
  • Customers who spend over $X a year.  
Add External Sources of Information  
 
Your internal lists are likely to yield high response rates. However, if you are moving into new market sectors, internal lists may not provide the information that you need. External lists are available from a number of different sources, including list brokers, magazine publishers, directory publishers, trade associations or professional institutes, commercial organizations, and retailers. To achieve a high response rate, check how closely the list matches your customer profile.  
 
Contract a Special List  
 
Standard lists may not give you the degree of match that you need. The successful preparation of a tailored list is directly related to the quality of the brief, and you should provide the supplier with a detailed description of your target audience.  
 
Keep Refining Your Lists  
  • Make sure that the list is kept up to date with new customer and prospect data.
  • Include coupons and other reply mechanisms with every form of communication, and add the responses to your lists.
  • Encourage the sales force to provide up-to-date customer and prospect information.
  • Maintain an active search program in appropriate Web sites, magazines, and newspapers to identify new prospects for your list.  
Check the Accuracy of Lists  
 
To improve response and reduce waste in your mailing campaigns, it is important that your lists are regularly checked for accuracy.   
 
The two main problems are:
  • Duplication, where the same individual appears several times on the same list, possibly in different guises;
  • Out-of-date information, where the original recipient has move, or, for business mailings, changed jobs.  
Use Personalized Letters  
 
Personalized one-to-one mailings are an ideal form of communication for companies with detailed information about their prospects. The letter reflects the individual’s main interests and concerns with the offer tailored to that person’s prospects. Subsequent mailings can build an individual relationship with the prospect.  
 
If the database or mailing list holds complete names and other information, direct mail letters can be personalized in a number of ways – name in the address and greeting or throughout the text.  
 
Use Telemarketing  
 
Direct mail response levels can increase significantly when telemarketing is used. It offers a wide rang of benefits, being:
  • Selective: contact can be initiated and maintained with a selected group of customers and prospects;
  • Precise: the calls can be targeted;
  • Flexible: the offer and message can be varied;
  • Fast: calls can be made immediately, provided that the contact is available;
  • Responsive: telemarketing is interactive; therefore, it encourages response;
  • Measurable: the effectiveness of a telemarketing campaign can be measured precisely.

Comments

Response to: Enhancing Your Mailing List Increases Your Campaign Effectiveness
Katherine Parker says
There are seemingly endless options for buying prospect lists out there. For my software company, we found some that were a lot better than others and obviously priced as such. We found as we were starting one campaign earlier this year that we found some decent lists internally that actually has been effective for us. Sure we'll check for outside sources later on, but it does pay to check out what you have in-house for your business.

Response to: Enhancing Your Mailing List Increases Your Campaign Effectiveness
Alexander Dyson says
We used one business that had a well-organized telesales effort that included 5 sales assistants identifying and contacting a minimum of 10 new prospects a day. This resulted in 250 new prospects added to the database every week. In most cases, these prospects weren’t ready to buy immediately, so the sales assistants made a note to re-contact the prospect in a few months. More often than not, the second phone call never took place. When our business became involved, the database contained over 15,000 prospects who were in the right positions and the right companies to be potential buyers.

Response to: Enhancing Your Mailing List Increases Your Campaign Effectiveness
Wilson Allen says
Everyone in your business is a potential source of prospect names. These could be people that they’ve met at industry events, contacts who’ve sent in technical questions, suppliers and partners, friends and neighbors. It’s worth the effort to ask everyone to check their own lists and forward all potential prospects to the marketing department. Be sure to carefully define a “prospect” when you do this.

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