The $9 Million Purl

February 22, 2012

All from increasing fees…

In our business we get to meet a lot of people struggling with how to market their companies. So it is no surprise that as we talked with some retail banks and credit unions, they said one of their greatest challenges was growing deposits and loans since most customers either don’t have the funds or are afraid to increase their exposure in these tough economic times.

Through our conversations with various credit unions and banks we came across a credit union (CU) out West that not only had these issues but the needed increase fees for their members. The approach was a little different. Rather than just notify its 25,000 members of the new fees, why not treat this as a marketing opportunity and target multiple offers at the same time? They already knew a great deal about their members from their customer database. Why not use that data to offer a customized auto loan, an introductory low mortgage rate, or a or rebate if they open a new account to help offset the high fees. Plus at the same time provide an opportunity for the customer to review their financial portfolio and look for ways to enhance and improve it.

What we did: So we printed a Variable self-mailer with a Purl. The Purl (Personalized URL) was secured and needed a password for access. This is a financial institution and we wanted to hold these offers private to the individuals, not just anyone. This alone increased response because who wouldn’t want to see what was behind door number 1.

The CU also maintained a fairly good email database, so we targeted them through that channel as well. This made it easy to make a quick click through to the Purl landing page. This also increased the response and offered a modified version of the offer lead-in.

Members were targeted 3 times. Once with the postcard, and twice with emails, each time adjusting the message and removing those who already responded.

The Results: The CU saw almost a 20% response. From that they gained $4 million in new deposits and $5 million is new loans. A total of $9 million in new business. All starting from a Fee increase.

For those who do not believe in these technologies… Was it the Variable self-mailer? Was it the Purl? Was it the Platform? Start with a winning campaign, add these elements and you can have a successful campaign. When people tell me these technologies don’t bring value to their marketing efforts, it usually can be drilled down to poor execution, not so much the technology.

Moral: Never miss a marketing opportunity. If you have good data, and you know how to use Digital Marketing Technology (or find someone who does), you can run a campaign that offers builds brand loyalty and results in a positive ROI.

I guess the right approach is: When all you have are lemons to offer, find some water and a little sugar and sell them lemonade.

If you would like to know more about this program or how Digital Marketing might help you, give us a call 630-307-7100.


Mobile Up Your 2012

December 23, 2011

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2012 IS ALMOST HERE AND IT IS TIME TO “MOBILE UP” YOUR MARKETING! LEARN HOW TO LEAP OVER THE COMPETITION IN A SINGLE BOUND!

DataMart Direct wants to help you get 2012 off to the right start and to do so we will be hosting a FREE seminar, January 17th, 2012, that examines Marketing in this new digital age.

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Networking and refreshments will follow!

Visit www.MobileUp2012.com to register.  Seats are limited, register today!

RSVP by January 10th, 2012 for a chance to win an iPad2!

Please contact us for more detail! 630-307-7100 or at info@datamartdirect.com


Why My PURL Campaign Failed Miserably (or The 5 Keys To A Successful PURL Campaign)

November 16, 2011

It’s funny how we all have the similar desires to want to please our clients and yet when they truly don’t do the right thing, how we say to our colleagues and others how a struggle it is to work with clients who don’t listen and continue ignoring our good advice. Yet, often the good advice goes unheeded because we are not always willing to put ourselves on the line to not “Suggest” best practices, but rather tell them “Your gonna screw this up if you don’t listen to me…”

Ok, fair enough, I can’t recall when I used that exact expression to a client, but recently I was once again reminded that when you do show the passion of your convictions, a client might pause and take notice of your experience and may actually heed that advice to the betterment of their campaign.

I thought about it and put a process in place to help clients set the right expectations and how to ensure sucess when using this technology. If we break it down to 5 Key factors, we can ensure the PURL campaign has every opportunity to be successful.

First, let’s take a look from a high level. What do we want to get out of this campaign? You’d be amazed how often I ask that question and see that deer in the headlights look starting back at me. And I don’t mean the obvious “to get more clients” but the end goal.

To educate prospects on a service or product?

  • To drive new customers to a website for a quick sale?
  • To showcase a Video on your offerings?
  • To reach out to current customers and learn from them about how they use our product and how we can better serve them?

Bottom line: if it is to use a PURL cause people like to see their name and that will get them to respond to our website, don’t waste their time…

Next, let’s look at the follow-up (as it is the most overlooked part of an interactive PURL campaign). Let’s say for grins, it is successful. Maybe a 15-20% response. Wow! One of the most appealing parts of this marketing technology is that it can be truly interactive. We can interact with the website and respond immediately to that person within moments of them connecting to that site. So…

Who will get those leads? and how? Email?

  • Do the sales team have access to their email 24/7?
  • What will be the workflow of the response?

Too often we have ran campaigns that failed because there was no foresight and the company simply didn’t follow-up on the leads they got. One we learned after a large project, the Marketing Dept never told the sales Reps across the country of the campaign so no one followed up on any of the 18% response they received… ouch…

Ok, we have the reason for the project and the plan for a successful follow-up. Nuts and Bolts time as we look at the 5 Keys to a Successful PURL Campaign:

1. Your Audience: Sounds obvious, but many times people forget how important the data is. Is it properly targeted? How will we communicate? Direct Mail Piece only, or is there an option of also reaching them via email for a multi media approach? Will they be touched once, or a few times over a period of time (this is greatly effective especially with email where the second and third touch can be very cost effective.

2. Piece or Email Design: Tough love for designers… The piece you developed may be beautifully laid out, the colors were so vibrant and enticing, the information so complete… but…  “Uhm, where’s the PURL?” Buried in the upper right corner like the return address… or lost in the design? Remember, design is very important, but so is the engagement. If it is the interaction of the recipient we are looking for. Let’s not clutter the message. One of the most effective and Successful campaigns I’ve seen was a simple postcard with a QR Code and a Purl on one side, and a line of text, “Are they Crazy? You gotta check this out!” Depending on our Goals, sometimes less can result with more.

3. PURL Site Layout: Imagine… I went to a purl website and hit a Landing Page that said Thanks Scott for visiting the landing  page. I then clicked to a Survey Page where I was asked to answer a few questions to better serve them. Next was my contact page. All of my contact info (which they must have had since they sent me a mailer??? And once through that I was led to a thank you page where I then was guided to a client side default website… Real World Gut Check: We are all real busy. If we’re lucky enough to people to actually login to your site, let’s keep the experience as easy as possible…

In general, we want to respect the valuable time of our visitors. Try a landing page that says thanks, can you answer these few questions, and confirm you Name, Phone, Email (these are usually the only pieces of info we need to reach out to them-Don’t ask for more info you already have). Then a thank you page with a follow-up Thanks you email. Instead of a 4 or 5 page site, we now have 2. Much more appealing from a visitor standpoint.

4. Interaction: We once worked with a client where they literally had 90 questions to ask about their product. They also only wanted 10 questions on a page. I offered them a deal. I said I would pay for a purl campaign where we ask one question. “Would you answer a 90 question survey about our company? If the Yes’s won, I’d comp the Survey. If the No’s won, they’d pay me a bonus for saving them a ton or programming money on a Purl that no one would interact with. Although we really want information from our clients, we also should respect their time. Keep the questions to around 5. That should be enough to let you know they’re are interested in you reaching out as a follow-up.

5. CALL TO ACTION: Can’t stress it enough. Think about it, we are selfish. We have much to do and little time to do it. If you want your audience to interact with you, make it worth their while. If you do, so will they. Whether it is a gift, sweepstakes, giveaway, there has to be a reason for your audience to engage. Think about what would make you respond, they might too. And remember, everyone will love your product or service, you just need to let them know about it.

Follow-up: I know I mentioned it before, but this is The Most Important Step.

That’s it. Really, not that difficult. A few simple steps will ensure you have the best opportunity to have a successful campaign.

 Last bit of advice, remember to have some fun with it if you can. If you have the right approach, that is to show your customers or prospects the value in your company, you can’t lose.

 Good Luck!

 Scott


Get it Opened!

July 15, 2011

What gets consumers to Open and Read YOUR direct mail?? Here is what the consumers said in 2009…

50% From a brand/company that I know

47% Personally addressed to me

38% Can see it contains a free sample/voucher

42% Interested in the product or service

21% Local services or events

19% Because it’s a competition

15% Interesting package

8% Looks fun/humorous

4% Attractive envelope

3% The design

1% The color

14% Other

Source: CCB fast. Map 2009 Marketing-GAP Research

Have these statistics changed in two years? Although there maybe be some different techniques being used in direct marketing, I don’t think what drove the majority of consumers to respond two years ago has changed much.  What do you think?


Fun Monthly Trivia – Travel!

June 15, 2011

Take yourself around the world and test your worldly knowledge with our fun travel trivia! When you complete the quiz you will be entered to win a $25 Restaurant.com gift card!

http://dmdmonthlytrivia.com/June2011

Congratulations to Judy Devoe with Spare Wheels for winning May’s Trivia Quiz. Enjoy!

Must complete quiz before July 1st, 2011 to be eligible for gift card.


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