Mailing Smarter
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Transcript of Mailing Smarter
Mailing SmarterMaking Business and Promotional
Direct Mail More Relevant
Curtis Roberts, Maine Printing Company/MPX
Today’s Discussion
• Touch Point Marketing Process • Opportunities by Reformatting Statements • Key Factors in Direct Mail Creative• New Technologies for Mail Measurement• Variable Data Printing Advancements
Keep the Big Picture in Mind
• Mailing Purpose must be defined• Not just an event but dynamic
process.• Who are my best prospects and
where do I find them? • What are my customer touch points?
Touch Point Marketing ProcessCharting Communication Timing for Better Results
Newspaper Industry Case
Size & Shape MattersStatements and Business Mail
• It all starts with your Transactional processing system
• Investigation reformatting all your direct mail
• Know the impact on postage, you may be wasting big dollars
• There are major promotional opportunities for reducing format sized
Factors for Redesign Opportunities
Look closely before You Change Formatting• Understand your system and data limitations• Look at overall postage impact. • Are your statements user friendly?• Can you increase sales with inserts?• Are you a community driven business?
Main Factors for Reformatting
• Impact on Internal Operations (Financial/Human)• Current Inventory Supplies• System Limitations• Cost/Benefit Analysis
– Data/Programming– Print production– Customer satisfaction of current system– Operations Impact– Postage Implications: automation, size, weight, density, volume – Promotional philosophy and opportunity
Paper Weight Example Paper Weight/24lb Cut Sheet
7.00 x 11.00 size1 pg = .172 pg = .343 pg = .51 4 pg = .68 5 pg = .85 6 pg = 1.02
8.5 x 11.00 size1 pg = .22 pg = .43 pg = .6 4 pg = .8
5 pg = 1 oz.
Postage Impact on Redesign
Redesign Example
• Chris working with Wise ON EXAMPLES
Value of Using Inserts
• Promotional Inserts Can Work for Your Company– New Technology allows “Selective Inserting”– Offset operational costs with co-op insert programs– Great way for an extra cost-effective “Touchpoint” – Reformatting creates the extra space to enhance your results
Your Salesperson in the MailKeys to Good Creative
AIDA: Your Quick Success Test• Attention: 2-3 sec. to engage or trash the piece?• Interest: Enticing enough to learn or want more? • Desire: Is the offer tempting?
• Action: Does the prospect feel like they will miss
out if they don’t respond now?
Oxford Networks Example
What Makes a Good Offer
1. Customer believes there is a “perceived value” 2. It is simple: Make small type clear. 3. Make it easy to redeem4. Call out the limited time 5. Dollars over Percentages6. Doesn’t have to be a discount7. Test, test, test! (A/B, side, three-way)
Offer Example #1
Offer Example #2
Offer Example #3
If you can’t measure it, forget it.
• Poor measurement #1 tactical error• Create mail metrics standards
– Response Rates: – CPM: Cost per Thousand– ROI: Revenue to sales expense– CPS/CPO: – Cost/Profit per Touch
Measure the Event & Process
Event MethodQty Mailed: 100,000RR%: 2%Orders: 2,000Avg. Order: $25.00Total Revenue: $50,000Less Mailing CPM: $350/m
Event Contribution: $15,000
Cost/Order: $17.50
Profit by PeriodOrders for the period: 12,000Contact Revenue/period $250,000Contacts for Period: 600,000 Period Contact Cost: $102,000Avg. Revenue/contact: $2.40Avg. Cost/contact: .17Margin/contact: $2.23
Period Margin Revenuefrom contacts: $1,338,000
New Measuring Technologies
• PURL: Personal URL– Creates web-page tailored to the person– Tracks exact clicks from mailing– Collects information when web form is used– Great for online surveys, calculators– Action device that enhances response– Can be used in concert with broadcast microsites
Biddeford Case Study
New Measuring Technology
• Variable Barcode Scanning– Retail locations have troubling track mail– Usually “generic” barcode scan– Variable inkjet barcode tie in specifics– Track promotional traffic by retail location– Allows tracking with large runs, and multiple locations
Orvis Retail Stores
New Measuring Technology
• Web Interactive Tool– The Web challenge is to convert clicks to orders– Customers like easy search tools to manage content– Custom web pages create a more personal relationship– Allow business to capture information into a relational database– Closed loop system pushes out custom e-mail and direct mail– Allow business to follow up with relevant information– Proven to covert more web inquiries into sales
CMCC Case Study
Advances in Variable Printing
• Speaking to the individual Pays Off Big Time!– One-to-One direct mail enhances Response Rates and Average Order– Integrates text and images with print streams– Very cost effective on short runs– Look at ROI not CPM– Programming costs & data platforms are key to success– Use variable data that will impact response– Prices will range widely among suppliers, look for deals
Bowdoin Case Study
Hebron Case Study
Intelligent Mail Overview
• Mailing Unlimited Content
FROM THIS
TO THIS
Letters and Flats
Today’s OneCode Confirm™
40+ subscribers approved & activated (represents many different mailers) - continuing to gain new subscribers
As of July 2007 - more than 20 million mailpieces weekly - more than 50 million scans weekly - and growing
Your Vision
Power to:Track that importantmailpiece in near real-time