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Chief
Executive Briefing # 18
Where
CEB Members Spend Their Time
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Following
is a compilation of ideas expressed by CEB members on this issue.
Your
offer may be great. Your copy may
sparkle. But if you don’t reach
your target audience, you won’t reach your marketing objective.
Consider the relative importance of these direct mail components to a
campaign’s success: List, 60%; Offer, 20%; Copy, 15%; Format, 5%.
These statistics make it obvious that you need to customize your list to
ensure success. Here’s how.
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Select
the appropriate Standard Industrial Classification Code
The government’s four-digit SIC codes allow you to target specific
lines of business. Using the six- or eight-digit industry designations, you can
target and fine-tune your prospect base even more.
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Define
your geographic coverage
Identify the geographic areas that will help you achieve your
objectives: the entire United States, selected states, Metropolitan
Statistical Areas, cities, counties, area codes or ZIP codes.
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Define
and qualify your list by company size
Assess buying potential by selecting the size of the companies most
likely to respond to your offer. Consider
the number of employees at a location, the total number of employees or
annual sales volume.
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Determine
the sales potential at each location
Assess the buying potential of companies with multiple locations.
Do you want to focus on headquarter locations?
Keep in mind that single-location companies or manufacturing sites
may have a separate need for your product or services.
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Target
your mailings to the decision makers
Identify the executive by name and
title in companies of all sizes – from owners of small businesses to
marketing managers to chief executives.
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Pinpoint
the executives who are most likely to respond
Executives who have responded to direct mail in the past are naturally
more likely to continue to respond to direct mail.
By targeting past responders, your response rate – and your sales
– should increase.
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Utilize
telemarketing in conjunction with your direct mail campaign
You can call a representative sampling of your prospect list to test its
effectiveness. Personal contact
with key decision makers gives you immediate control over your sales
message. Don’t overlook telemarketing as a stand-alone selling
channel. It can be very
effective.
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