| Over the next few months you will see more direct-marketing
companies running and launching e-mail advertising campaigns.
The reason; they have discovered that it works!
You can discover this too, for almost no cost and
low risk -- A hallmark of most of my marketing ideas.
E-mail marketing works because:
1. It is inexpensive. In fact in many cases
it is free. If you calculate the cost of everything from creative
to fulfillment, e-mail marketing is definitely the cheapest medium.
When you look at it in terms of cost per lead or cost per dollar
of sales it exceeds every other medium.
2. It is immediate. You begin to find out
if your campaign is working almost as soon as it goes out. I have
had responses within 5 minutes of sending out an e-mail broadcast.
3. It is usually highly targeted,
unless you are a spammer. You can deliver a personalized e-mail
right to the individual you want to connect with and you can tailor
your offers to meet the needs of very small specific segments.
4. The "sent by" name is the biggest single
predictor of opening rates. If you send to your house list, your
customers will know your name, recognize it and will almost
certainly open your message.
In addition, over the last year or two, I have
seen several research reports, that found salespeople make between
7 and 12 contacts per customer to close a sale. If you consider
that many salespeople give up after one or two attempts, the cost
of developing rapport with a prospective customer is astronomical.
E-mail marketing can also help you overcome this problem.
Start small by sending offers of free information
to your customer base. This information is best if it is not
about you, but is of value to your customers. Provide information
that can protect them from the horrors of dealing with typical
suppliers in your industry or unwitting mistakes they might
make as un-informed buyers. Track click through rates to determine
which information has been the most useful to your target customers.
As your base grows more confident with your advice, gradually introduce product and service announcements. Then
watch what happens.
With regular e-mail communications, before you know
it, you and your customers will have spent a lot more time
together -- and that will translate into more sales.
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