Customer Insight Is Key to Personalization

What’s the secret to personalized printing success? It can be summed up in a single word: relevance. You can “personalize” a document with dozens of variables related to a customer’s gender, income, geographic location and more, but in the end, if the document isn’t relevant to the recipient, it won’t be effective.

How do you ensure that your personalized mailings are relevant to the people you are sending them to? You get to know them.

The industry’s most successful marketers know everything about their customers. They ask questions. They do customer surveys. They conduct focus groups. They collect a variety of customer data that helps them create detailed profiles of those customers. They mine data efficiently.

How does this work? Say you are a marketer of women’s health products. You have been personalizing direct mailings by name, age and stage of life, but the response remains low. To figure out what’s going on, you conduct a survey to learn more about your customers’ lifestyles.

Based on the survey, you find that a high percentage of your customers are home-schoolers. While these customers value natural products, your research finds that their time and finances are restricted by home-schooling costs and activities. You also find that among this group, personal pampering is not a high priority.

Based on this new information, you might change your pitch. Instead of focusing on the appeal of your products to the recipient personally, you might begin to address this demographic’s larger concerns and lifestyle needs. You talk about the cost-effectiveness of natural products in comparison to commercial products. You talk about the ability of these products to boost energy, improve the restfulness of sleep, and provide long-term health benefits for growing children. What do you think will happen to your response rates? 

There is a common saying, “Knowledge is power.” That’s as true in marketing as it is anywhere else.

~ Kelly Mank, President of Time4Printing and The Windham Eagle Newspaper

Kelly@Time4Printing.com
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Switching from Static to Personalized Makes Results Soar

With consumers squarely in charge of product research long before they ever contact your company, content marketing is more important than ever. One of the most important forms of content marketing is the customer newsletter—and more and more are moving to personalized editorial.

What happens to results if you switch from a general-education newsletter to a fully personalized one? One community-based healthcare system found out. After sending a traditional newsletter for years, it began matching the content to what it knew of patients’ health conditions. Personalized content ranged from advances in treatments to schedules for clinical trials.

After about a year, the healthcare system conducted a readership survey to find out how the new approach was being received. The results? 

·          93% of respondents felt the articles were relevant and of interest.

·         73% read the entire newsletter every time it came in the mail.

·         77% said it was easier and quicker to read.

·         95% said they became aware of services that were previously unknown.

Not only did the healthcare system solidify its relationship with existing patients, but nearly every one of those patients learned about some of the provider’s services they didn’t know about before. Imagine the impact on revenues! 

Not every marketer can track to this level of detail, but there are many simple, cost-effective steps you can use to monitor your marketing effectiveness too. Personalized URLs, barcodes (visible and invisible), discount codes, and multiple landing pages for various iterations of the same campaign are all ways to track and measure results.

Talk to us about converting your content marketing into personalized content marketing!

~ Kelly Mank, President of Time4Printing, Kelly@Time4Printing.com
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3 Reasons to Use Direct Mail That You May Not Know

There are lots of reasons to use direct mail, and you may have heard many of them. So here are three statistics on the value of direct mail marketing that you may not have heard.

1. Direct mail has higher value in persuasion.
According to a recent study by Canada Post and True Impact Marketing,  direct mail generates a motivation score that is 20% higher than digital media.  The study found this score to be even higher when direct mail creative uses print enhancements (for example, special coatings, dimensionality, and print-to-mobile technologies).

2. Direct mail is easier to understand.
A wide variety of studies confirm that information provided in print is easier for people to understand and process than information provided in digital form. In the case of the True Impact study, direct mail was found to require 21% less cognitive effort. That means your message is absorbed more quickly and effectively.

3. Direct mail results in higher brand recall.
Not only is information in direct mail easier to process, but it is more likely to be retained. True Impact found that brand recall was 70% higher among participants who were exposed to direct mail ads rather than to digital ones.

Need more reasons to love direct mail? Just ask!

~ Kelly Mank, President of Time4Printing, Kelly@Time4Printing.com
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Targeting High-Value Millennials

Why target Millennials in your prospecting? Because once their loyalty is secured, they are more likely than non-Millennials to share their love of your brand, product, or service with others. Furthermore, once you gain their loyalty, they will often spread the word for you, especially if you help them do it. How do you go about attracting this key customer base?
Use multiple channels. Millennials are multi-channel researchers. One study of their travel planning habits found that Millennials use an average of 10.2 information sources during the planning stage [1].

Don’t provide irrelevant information. Millennials don’t like to be inconvenienced, so target and personalize the message. Know what types of information they are looking for and how they want that information shared before you move them into the sales funnel. Respecting channel preferences is critical to these consumers.

Shorten the timeframe. Millennials use a lot of devices and draw on lots of information sources during the research process, but they make the actual buying decision fairly quickly. If you are selling brick-and-mortar, adding QR Codes to hang tags, product packaging, and in-store displays is a great way to take this audience directly to customer reviews, product comparisons, and feature-rich product videos that can help them make that decision right then and there.

Make it easy to share. According to the Boston Consulting Group, Millennials are twice as likely as non-Millennials to share pictures or experiences online using their mobile phones [3]. So help them do it! Create incentives for social-media sharing such as “Post a picture of yourself in our store on Facebook or Instagram and get 10% off immediately!”

Take the time to get to know Millennials and refine your strategies to woo them.  After all, what could be better than attracting customers who, once their loyalty is secured, will turn around and attract more of the same type of customers for you?

[1] http://hotel-online.com/News/PR2013_2nd/Apr13_MillennialTrends.html
[3] http://mashable.com/2012/04/16/millennial-consumers-study/


~ Kelly Mank, President of Time4Printing, Kelly@Time4Printing.com
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Response Rate, Cost Per Lead, Cost Per Sale

When you are evaluating the success of your print and multichannel marketing campaigns, how do you know which channels are most effective? How do you know which channels (or combination of channels) are delivering the most bang for the buck?

To answer this question, marketers often look at response rate, cost per lead, and cost per sale. What’s the difference between them?

Response rate is how many people responded to your campaign. If you mailed 5,000 postcards and 500 people responded, your response rate is 10%. Those 500 people then become leads.
Cost per lead is how much it costs you to get that lead. Let’s say that direct mail campaign cost you $5,000. With 500 responses, each response (or lead) cost you $10 ($5,000 / 500).

Not every one of these leads will turn into a sale. Let’s say you were able to convert 30% or 167 of those leads.  When you divide $5,000 by 167, you find that your cost per sale is $30.

Which one of these numbers is most important? All of them! Why? If your average sale is $35, you have barely broken even on this campaign. To improve your results, you could lower the costs next time or you could try one of these three things:

1. Increase the response rate to bring more sales into the funnel, lowering your cost per lead
2. Increase the conversion rate, lowering your cost per sale
3. Tweak the offer or incentive to increase the average revenues per sale to lower your breakeven point.

There are lots of ways to evaluate the success of a marketing campaign and improve your results. Let us analyze your results and brainstorm ideas to get the most out of your marketing dollars!

~ Kelly Mank, President of Time4Printing, Kelly@Time4Printing.com
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Survey Results: Direct Mail on the Rise for Customer Acquisition & Retention

Every year, Target Marketing conducts its Media Usage Survey. In this survey, the magazine asks how readers are allocating their budgets, which channels are increasing and decreasing, and which channels its readers prefer for a variety of marketing activities.

While digital, social, and mobile media continue their astronomic growth trajectory, this year’s survey finds that direct mail is holding its own, and strongly. In particular, direct mail is growing for customer acquisition and retention. 

•    In 2015, 54% of Target Marketing respondents were using direct mail for their customer acquisition efforts. In 2016, this rose to 58%.
•    In 2015, 51% of Target Marketing respondents were using direct mail for their customer retention efforts. That has risen to 55% today. 

Why is direct mail growing for acquisition and retention, even in the face of consumers’ love affair with digital and mobile media? 

1. Email addresses go out of date very quickly, and mobile phone numbers are not always easy to get. Once you have a physical address, however, you can maintain contact with that customer for a long time. Even if people move and don’t provide a new address, you can get address updates from the U.S. Post Office through the National Change of Address (NCOA) service.

2. Even when someone has opted out of phone, email, and mobile contact, you can still reach them by postal mail. Direct mail is powerful and proven effective for re-engaging customers who have dropped off your email list.

3. In a world of electronic media, the physical mailbox is a powerful open door. When a well-designed mail piece shows up in a customer’s or prospect’s mailbox, it doesn’t get lost the way emails in the saturated and highly filtered inbox do.  It gets noticed right away—and nearly always read.

Want help using direct mail to break through the clutter and get attention? Give us a call at 207-894-5600!

 ~ Kelly Mank, President of Time4Printing, Kelly@Time4Printing.com
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how readers are allocating their budgets, which channels are increasing and decreasing, and which channels its readers prefer for a variety of marketing activities.

Don’t Ditch Your Data — Fix It!

Think you don't own enough data to do personalized marketing? That might not be the case. Often

The first step is to figure out exactly where you are and what you need to do. This often involves contacting a data specialist who can analyze your data. While this sounds daunting, it’s really no different than taking your car to a repair shop. The mechanic hooks up the car to a machine that spits out a report telling you where the problems are. Data specialists do much the same thing.

One data specialist gives the example of a data profile it created for a Canadian retailer. The retailer had plenty of data and wanted to use it for 1:1 print marketing, so the data specialist ran a data audit. One of the most glaring challenges that immediately came to light was that the retailer had addresses for only 50% of its customers. It did, however, have phone numbers. The data specialist contacted a list house that maps phone numbers to names and addresses provided the retailer with the missing information.

In another example, the data specialist found that each one of the retailer’s stores was gathering customer data in isolation. Each retail customer might have two, three, even five different customer IDs, one for each store in which they shopped. Once again, telephone numbers came to the rescue. The data specialist used each shopper’s telephone number as a common point of contact to consolidate each shopper’s data from each store into a single marketing database.

Seemingly overwhelming problems often have simple solutions. A basic diagnostic test is often half the battle. So if you think your data needs a check-up, don’t panic. Let us coordinate the project so that you get just the solution you need.

marketers do own enough data, but that data is not centralized or is incomplete or inaccurate. If you fall into the latter category, the answer isn’t ditching your dreams of personalization. It’s fixing the problems in your data.

 ~ Kelly Mank, President of Time4Printing, Kelly@Time4Printing.com
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