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25th March 2010 by Rob
Anthony Miller wrote a great article on the Brand Republic website on the 18th March which addressed the research done by academics at Bangor University to determine if the brain acts differently to marketing messages delivered through direct mail in comparison to those shown on screen.
From what he’s written it appears that direct mail enhances a brand’s value for a number of reasons including:
- When a piece of DM was held and read by a participant, their reactions suggested that they were experiencing thought patterns similar to those the brain exhibits when processing memories and emotions.
- It appears easier for the brain to process messages from tangible direct mail compared to digital marketing material, and subsequently easier to remember.
- When asked to keep or discard items, the physical direct mail provoked activity in the right-middle cingulate, a region of the brain that is associated with decision-making connected to emotions and social issues. Therefore the research suggests that direct mail has links to emotion-based decision-making.
Did I mention that the research was funded by Royal Mail by the way? No? Well it is.
However, cynicism aside, I thought about our own experiences between the incoming new business enquiries we generate through a result of our direct mail and email campaigns.
For the most part, our direct mail follows a very simple formula. It tends to be very short (usually no more than a few sentences) with a prompt for action at the end. And, like Marmite, people tend to either love it or hate it. But either way, most of the people who we speak to when we follow up the campaigns by phone (that is our rasion d’etre after all) have one thing in common – and that is they remember it.
I weighed up the pros and cons of the campaigns we sent by post and email and this is how they stacked up:
Email costs next to nothing to send and you can be reasonably sure that, providing you have the correct address in the first place, it is going directly to the in-box of your intended recipient. On top of this, the functionality that exists with our email marketing system allow us to see specifically who has opened it, who has clicked on a link, who has forwarded it, who has deleted without opening, etc. This gives us extremely valuable insight and allows follow-up calls to be targeted to recipients that are most likely to have an interest, even if they didn’t respond directly to the email.
Direct mail by comparison is much more expensive. Paper costs, printing costs, postage costs, the time involved in folding and stuffing, environmentally less friendly and after all that you can never be 100% sure that your intended target received it. Maybe after all the thought, time and effort that went into sending it, some vindictive PA intercepted it and binned it (no doubt a Marmite-hater) before the MD of The Jolly Nice Potential Client To Have Agency got to see it. Or maybe the postman delivered it to the wrong building, which – given the amount of post we get delivered here which is clearly marked for various other addresses – is a very real possibility. Or perhaps Royal Mail were just on strike again.
However, despite the pitfalls in the postal system, a very significant proportion of new business that we win has started with a response to a mailer. And this trend hasn’t shown any real sign of decline, despite our increasing use of email marketing in tandem with direct mail.
Now, I’m no scientist so I don’t know what part of my brain is being activated between the time it takes me to open any direct mail addressed to me and the time it takes me to throw it in the recycle bin 15 feet away from my desk. What I do know that in that time I will have glanced at it for a few seconds and those few seconds need to get the sender’s message across effectively, thus saving it from the bin. So if this applies to me, I’m sure the same rules apply to the very busy people we send Alchemis mailers to. Once you’ve opened the letter, you can’t help seeing the whole page. And if there’s not much on that page aside from one reason why it may be of benefit to you to respond, you could easily end up “accidentally” reading it even if you don’t want to.
The sheer volume of e-marketing shots I receive on the other hand may not even get a few seconds of my time. If the subject line doesn’t instantly grab my interest it’s likely to be deleted unread. If the sender is a company rather than a person, chances are I’ll assume it’s spam of some sort.
So what does the future hold for both mediums?
As far as we’re concerned we’ll continue using both direct mail and e-marketing campaigns whilst they are producing a decent return on investment, but the primary focus will always be on picking up the phone to demonstrate first hand to prospects our amazing telephone marketing skills. After all, you’ve got to practice what you preach.
Tags: art of selling, brand republic, direct mail, e-marketing, new business generation
Posted in Market Trends, Media Commentary, New Business Advice |
1 Comment »
25th February 2010 by Jim Piper
It’s the old cliché of you get out what you put in, but it is all too true when working with almost any supplier, and this is amplified if you engage with a business development agency. You have budgeted for a significant amount of money and taken the bold step of handing over a core business activity to an outside company.
However, it is not that simple. We can’t conjure new business from thin air. Cold new business is a tough process and we, along with any other new business agency, are only as good as the effort both parties put in. There is no doubt that a collaborative approach works the best, not only in terms of results, but also as an enjoyable working experience. Communication and relationship are everything. After working with c.500 marketing agencies over 11 years, these are my top tips for maximising your new business agency:
1. Get off on the right foot:
Set the partnership up from day one. You will have shared some business objectives and goals before making your decision to use us, but be open with your designated New Business Manager. We are genuinely interested in how your business is structured, your core vision for the future and your objectives from the relationship. You would share this with an internal recruit, so why not your agency.
2. Invest time in the briefing process:
Inducting your New Business Manager into your agency is key. Take them around to meet and talk to key personnel as hearing about your company from a number of viewpoints gives a well-rounded picture. Your caller needs to feel part of the team and this undoubtedly helps.
Really take the time to give a full briefing on your company. We know you have been through it a thousand times before, but we haven’t. It is new and exciting and we want to hear about why you set the company up and the ethos and philosophy behind it. Often there are gems, which can work wonders on the phone. Give us as much as you can and we will take the relevant “sales” parts from it.
3. Case studies, case studies, case studies:
These are the most important sales tools we have. We will guide you as to the ideal format, and as always, quantifiable results are gold dust. It is well worth spending time in creating great looking case studies, which can be used as a sales tool for your caller and also by you in new business meetings.
4. Be passionate:
All our clients are passionate about their work and achievements and this really filters through to your New Business Manager. It is a requirement of both parties, but getting the enthusiasm you feel for your company and your work to manifest itself in your caller can only come from you. They need to leave that initial briefing feeling inspired to sell your business.
5. Communicate:
The briefing is the starting point. We will keep you updated of progress, but you need to commit to do the same. It is rare, but occasionally we have worked with agencies who have been “too busy” to take our calls for weeks on end. We can’t work effectively like that. We never lose sight of two things.
- You are paying us to do a good job
- We are taking responsibility for your business growth and frankly, personal success
6. Keep your agency updated:
It is the hardest thing to do. You have just finished a great project and moved onto the next. The former is confined to history. Take time to tell us about it and write up a case study. We love going back to prospects with something fresh to say and it gives your agency the air of vibrancy and success.
7. Feedback:
It is not always 100% positive, but we need to know in order to change or develop our approach. Once you have been on a meeting, let us know straight away if it was good, bad or ugly. Let us know why and let us know what the next step is. A good meeting needs to be followed up on and we need to agree when and by whom. That way we can drive the process.
More importantly, your New Business Manager likes a pat on the back for a job well done, so make sure you send that email or make that call after a great appointment.
8. Honesty:
We give you total permission to be honest with us (you are paying us after all), but we need the same. If you have concerns, we want to nip them in the bud. If something is not working on the phone, we want to let you know and agree a new strategy or direction. We don’t like surprises, so please tell us if something is keeping you awake at night.
We don’t always get it right first time, but if we don’t know, we can’t fix it.
9. Manners:
It costs nothing. Treat us, and your caller as you would treat your own staff. Rudeness and disrespectful behaviour will not get the results you are looking for. It adds an additional pressure that can only be detrimental. As previously mentioned, if things aren’t going as well as they might, one thing you can be assured of is that we will die trying to change that. Work collaboratively with us and we will both reap the rewards.
10. Enjoy it:
We create a fun and rewarding environment at Alchemis and a big part of that is the quality of the clients we work with. We enjoy working with a diverse range of interesting clients and we want you to enjoy working with us. If together we ensure all points above are covered, I assure you that will be the case.
Tags: better sales results, building relationships, case studies, collateral, new business agency, new business managers, new business strategy
Posted in New Business Advice |
2 Comments »
23rd February 2010 by Dan
Now I have always been a great believer in harnessing new platforms like mobile marketing and social media sites to promote your brand or company. Hence setting Alchemis up on Twitter.
In my view it’s more than a wise step to get out there, even if a Twitter account doesn’t result in immediate new business, your brand and company name is out there in the “Twittersphere” for all to see, which can only be a good thing.
The common perception with social media sites is that people go there to socialise and not to buy. True, but brand visibility is the key, and with Twitter having over 18 million users, and Facebook a staggering 400 million active users, it’s hard to see why some companies still stick to their guns and use more traditional methods of marketing.
On the same note, with the introduction of more and more mobile devices, surely the place to be is in the mobile web? Well you would be shocked at the lack of brands I speak to on a daily basis that are yet to fully appreciate the benefit of mobile marketing.
That’s why when one of my clients that I call on invited me to a seminar based on their predictions for paid search in 2010, it was refreshing to listen to someone promoting the idea of harnessing the mammoth power of social media, and the importance of the growing number of consumers available to be targeted through mobile devices today.
Now I am not about to give away my client’s top tips for mobile or social media search (sorry), but what I will say is that the seminar really drove home the constant developments in social media and mobile technologies that companies just aren’t making full use of.
I read an obvious but probably not widely registered fact in an article some time ago that text messages are usually read by a user within 20 seconds, which means brands can start seeing results almost instantaneously, versus hours or days for a similar email marketing campaign. Now if brands can harness this to generate new business and get results that fast, then they should be getting onto it before these spaces are flooded, and their brand becomes a needle in a haystack.
The moral of the story is if you’re not using the power of social media, do it. And if you’re not mobile marketing, do it.
I can’t recall the last time I had a clever, well-targeted marketing text message sent to me, in fact I’m not even sure I’ve even had one! Aside from my mate John texting “Dan, get down to the Royal George, they are giving out free Tequilas!” Now that was well targeted.
Tags: branding, facebook, mobile marketing, new business opportunities, social media marketing, soft sell, twitter
Posted in Market Trends, New Business Advice |
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