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Casual Articles - How to Know if Direct Mail Will Work for Your Business
Retail And Industrial Packaging - How Zip Seal Stand Up Pouches Can Open The Door To Higher Profits hey don't like getting "junk" mail. The majority of people who get lots of "junk" mail (and say they don't like it) get on mailing lists after buying something through the mail.Any retailer will tell you that today’s consumer is most definitely a savvy shopper. Manufacturers of consumer products are under more and more pressure to make their products more appealing to shoppers, lest they lose their business to one of the many competitors in the market. As a result, many companies are relying on packaging innovations to make their goods more appealing. One such type of packaging that is having a sizeable impact on the retail industry are standup pouches.Stand up pouches are typically made of high-quality plastic, aluminum, or a blend of the two laminated together. They are available in any number of shapes and sizes, and are completely customizable to your needs. Consumers in particular like standup pouch packag Now … Determine beforehand if a mailing can make money on paper ... then do a live test mailing. If, for example, you get a 16% response rate but your overall mailing costs exceed your net profits then your mailing is a failure. Bottom line … if your net profits from a direct mail campaign are a lot higher than your costs to do the mailing then you’ve got a winner. Some direct mail companies run successful advertising campaigns with less than a 1% response rate. They mail millions of ad pieces. But their mailing costs are low relative to their huge profits - - even with low response rates. Response rates aren't nearly as important as actual profit margins. Small businesses usually can’t keep mailing costs extremely low. If you don’t mail tens-of-thousands of pieces you won’t be able to get letters and envelopes printed in bulk for pennies-a-piece. Don’t let that bother you. If the num Franchising Companies and Growth Strategies Considered Here's a great lesson that applies to direct mail. Ready? Some people say one thing and do the opposite.Franchising companies must have a growth strategy and a franchise development plan and it is best if they stick to this and try not to deviate too much. Of course there will be opportunities in the marketplace, which must be considered as they come along but a smart franchising company will be careful with their growth strategy so they do not spread themselves out too thin and face cash flow issues or the inability to manage franchisees, which are too far away.As a franchisor founder one of the mistakes that I had made was to allow franchisees into our system in regions, which were too far away from our current cluster of franchisees. This made it tough for me to manage franchisees that were 4000 miles away.Of course at the time In other words ... One shouldn’t pay attention to what people say they’ll do as much as what they actually DO. For example, it seems most readers of the National Enquirer don’t want to admit they read it. Just ask people, “You read that tabloid stuff?” "No way! Not me." Maybe they’re afraid of looking silly to others? Maybe their embarrassed to admit buying a paper with headlines like, “Brad Runs To Jen As Angelina Lays Down The Law.” Perhaps they fear people will think they’re too shallow? Un-sophisticated? Doesn’t matter. What matters to the National Enquirer, of course, is that millions of readers each week buy it. Whether folks admit to reading tabloids or not there are a whole lot of those papers being sold. So the old rule applies… Don’t pay attention to what people SAY they do as much as what they DO. What’s this got to do with direct mail? Plenty. If anyone should LOVE direct mail it would be a magazine editor. Direct mail is used to sell millions of magazine subscriptions each year. But check out what William Baldwin - - editor of Forbes magazine - - wrote in the July 4th 2005 issue: “The junk mail industry, says Chana Schoenberger in the story beginning on page 90, is giving a new lease on life to Xerox. This firm sells a $500,000 color printer ideal for customized advertising circulars. Junk is a lucrative sector of the ad business, with a $51 billion annual volume that dwarfs the outlays for magazine advertising. Lucrative, and wasteful. I don’t know if the catalogs I get from Land’s End cost more to make than the shirts, but surely they weigh more. Between printing and mailing it costs at least half a buck to send a first-class pitch to someone. If 90% of the recipients chuck the envelope unopened into a wastebasket, then the pitchman is spending $5 just to get one advertisement read. Isn’t there a better way of getting people’s attention? …” Now… please ignore the fact Mr. Baldwin writes this even as he gets a Land's End catalog in the mail. This means, of course, that either he, or his wife probably bought something from it. Which is why he continues getting a Land’s End catalog in the mail regularly. Also ignore the fact that direct mail sales letters have been used to launch prominent magazine-publishing empires over the years. Mr. Baldwin says direct mail is lucrative (for the “junk mail industry”) yet wasteful (for those using it) at the same time. Am I missing something here? Doesn’t he know much advertising is "wasteful", and direct mail sellers only mail things out over and over again because it’s profitable? How many advertising dollars are spent (and wasted) targeting people who won’t buy because they’re not the right audience for the sales pitch? How much ad money is wasted paying for commercials on T.V. nobody watches? Direct Mail is Targeted Marketing There’s no better… or more cost efficient way… of reaching those most interested (and most likely to buy) your product or service than direct mail. And after you reach the person most likely to buy you’re able to hit all their emotional hot buttons. Give them all the reasons they should buy from you. Tell them your story. Person-to-person. Is there any waste? Sure there is. People live busy lives. Even if your sales pitch reaches the right person it may not reach them at the right moment in time. They might not have time to read it today. Or this week. They might not be ready to buy again. Your pitch might end up in the trash before it even gets read. Overall ... doesn’t matter. Know why? Because if you’ve mailed correctly a certain percentage of prospects are going to read your pitch. They’re going to respond they way you want them to. They’re going to buy ... or call for more information ... or send for the free sample. You’re going to be offering people something they want. Maybe even something that makes their life easier. Or helps them out in some way. Or lets them be more productive. Or enhances their quality of life somehow. So how do you know if direct mail is good for you? Well … despite everything you may have read about response rates … the test is simple. First thing though ... forget about the fact everyone says they don't like getting "junk" mail. The majority of people who get lots of "junk" mail (and say they don't like it) get on mailing lists after buying something through the mail. Now … Determine beforehand if a mailing can make money on paper ... then do a live test mailing. If, for example, you get a 16% response rate but your overall mailing costs exceed your net profits then your mailing is a failure. Bottom line … if your net profits from a direct mail campaign are a lot higher than your costs to do the mailing then you’ve got a winner. Some direct mail companies run successful advertising campaigns with less than a 1% response rate. They mail millions of ad pieces. But their mailing costs are low relative to their huge profits - - even with low response rates. Response rates aren't nearly as important as actual profit margins. Small businesses usually can’t keep mailing costs extremely low. If you don’t mail tens-of-thousands of pieces you won’t be able to get letters and envelopes printed in bulk for pennies-a-piece. Don’t let that bother you. If the numb Business Ethics and Social Responsibility is used to sell millions of magazine subscriptions each year.Business ethics is a form of applied ethics that examines just rules and principles within a commercial context; the various moral or ethical problems that can arise in a business setting; and any special duties or obligations that apply to persons who are engaged in commerce. Generally speaking, business ethics is a normative discipline, whereby particular ethical standards are advocated and then applied.It makes specific judgments about what is right or wrong, which is to say, it makes claims about what ought to be done or what ought not to be done. While there are some exceptions, business ethicists are usually less concerned with the foundations of ethics (meta-ethics), or with justifying the most basic ethical principles, and are mo But check out what William Baldwin - - editor of Forbes magazine - - wrote in the July 4th 2005 issue: “The junk mail industry, says Chana Schoenberger in the story beginning on page 90, is giving a new lease on life to Xerox. This firm sells a $500,000 color printer ideal for customized advertising circulars. Junk is a lucrative sector of the ad business, with a $51 billion annual volume that dwarfs the outlays for magazine advertising. Lucrative, and wasteful. I don’t know if the catalogs I get from Land’s End cost more to make than the shirts, but surely they weigh more. Between printing and mailing it costs at least half a buck to send a first-class pitch to someone. If 90% of the recipients chuck the envelope unopened into a wastebasket, then the pitchman is spending $5 just to get one advertisement read. Isn’t there a better way of getting people’s attention? …” Now… please ignore the fact Mr. Baldwin writes this even as he gets a Land's End catalog in the mail. This means, of course, that either he, or his wife probably bought something from it. Which is why he continues getting a Land’s End catalog in the mail regularly. Also ignore the fact that direct mail sales letters have been used to launch prominent magazine-publishing empires over the years. Mr. Baldwin says direct mail is lucrative (for the “junk mail industry”) yet wasteful (for those using it) at the same time. Am I missing something here? Doesn’t he know much advertising is "wasteful", and direct mail sellers only mail things out over and over again because it’s profitable? How many advertising dollars are spent (and wasted) targeting people who won’t buy because they’re not the right audience for the sales pitch? How much ad money is wasted paying for commercials on T.V. nobody watches? Direct Mail is Targeted Marketing There’s no better… or more cost efficient way… of reaching those most interested (and most likely to buy) your product or service than direct mail. And after you reach the person most likely to buy you’re able to hit all their emotional hot buttons. Give them all the reasons they should buy from you. Tell them your story. Person-to-person. Is there any waste? Sure there is. People live busy lives. Even if your sales pitch reaches the right person it may not reach them at the right moment in time. They might not have time to read it today. Or this week. They might not be ready to buy again. Your pitch might end up in the trash before it even gets read. Overall ... doesn’t matter. Know why? Because if you’ve mailed correctly a certain percentage of prospects are going to read your pitch. They’re going to respond they way you want them to. They’re going to buy ... or call for more information ... or send for the free sample. You’re going to be offering people something they want. Maybe even something that makes their life easier. Or helps them out in some way. Or lets them be more productive. Or enhances their quality of life somehow. So how do you know if direct mail is good for you? Well … despite everything you may have read about response rates … the test is simple. First thing though ... forget about the fact everyone says they don't like getting "junk" mail. The majority of people who get lots of "junk" mail (and say they don't like it) get on mailing lists after buying something through the mail. Now … Determine beforehand if a mailing can make money on paper ... then do a live test mailing. If, for example, you get a 16% response rate but your overall mailing costs exceed your net profits then your mailing is a failure. Bottom line … if your net profits from a direct mail campaign are a lot higher than your costs to do the mailing then you’ve got a winner. Some direct mail companies run successful advertising campaigns with less than a 1% response rate. They mail millions of ad pieces. But their mailing costs are low relative to their huge profits - - even with low response rates. Response rates aren't nearly as important as actual profit margins. Small businesses usually can’t keep mailing costs extremely low. If you don’t mail tens-of-thousands of pieces you won’t be able to get letters and envelopes printed in bulk for pennies-a-piece. Don’t let that bother you. If the num Why You Should Be A Coach, Not Just A Manager , or his wife probably bought something from it. Which is why he continues getting a Land’s End catalog in the mail regularly.As an outstanding manager, you won't just "manage" people; you'll also assist the members of your team develop to their true potential.This means helping team members utilize their talents, develop new skills and knowledge, overcome fresh challenges, become more and more productive, become happier, and in all respects grow as employees and people.To fulfill these responsibilities you'll need to develop coaching -- as well as -- managing skills.The essence of being a coach is to help someone reach beyond his or her own perceived limitations and achieve his or her full potential. (I'll now interchange the male and female pronouns for the purpose of readability.)Unlike other aspects of managing, when you coach someone Also ignore the fact that direct mail sales letters have been used to launch prominent magazine-publishing empires over the years. Mr. Baldwin says direct mail is lucrative (for the “junk mail industry”) yet wasteful (for those using it) at the same time. Am I missing something here? Doesn’t he know much advertising is "wasteful", and direct mail sellers only mail things out over and over again because it’s profitable? How many advertising dollars are spent (and wasted) targeting people who won’t buy because they’re not the right audience for the sales pitch? How much ad money is wasted paying for commercials on T.V. nobody watches? Direct Mail is Targeted Marketing There’s no better… or more cost efficient way… of reaching those most interested (and most likely to buy) your product or service than direct mail. And after you reach the person most likely to buy you’re able to hit all their emotional hot buttons. Give them all the reasons they should buy from you. Tell them your story. Person-to-person. Is there any waste? Sure there is. People live busy lives. Even if your sales pitch reaches the right person it may not reach them at the right moment in time. They might not have time to read it today. Or this week. They might not be ready to buy again. Your pitch might end up in the trash before it even gets read. Overall ... doesn’t matter. Know why? Because if you’ve mailed correctly a certain percentage of prospects are going to read your pitch. They’re going to respond they way you want them to. They’re going to buy ... or call for more information ... or send for the free sample. You’re going to be offering people something they want. Maybe even something that makes their life easier. Or helps them out in some way. Or lets them be more productive. Or enhances their quality of life somehow. So how do you know if direct mail is good for you? Well … despite everything you may have read about response rates … the test is simple. First thing though ... forget about the fact everyone says they don't like getting "junk" mail. The majority of people who get lots of "junk" mail (and say they don't like it) get on mailing lists after buying something through the mail. Now … Determine beforehand if a mailing can make money on paper ... then do a live test mailing. If, for example, you get a 16% response rate but your overall mailing costs exceed your net profits then your mailing is a failure. Bottom line … if your net profits from a direct mail campaign are a lot higher than your costs to do the mailing then you’ve got a winner. Some direct mail companies run successful advertising campaigns with less than a 1% response rate. They mail millions of ad pieces. But their mailing costs are low relative to their huge profits - - even with low response rates. Response rates aren't nearly as important as actual profit margins. Small businesses usually can’t keep mailing costs extremely low. If you don’t mail tens-of-thousands of pieces you won’t be able to get letters and envelopes printed in bulk for pennies-a-piece. Don’t let that bother you. If the num Entrepreneurs – Grow Your Small Business into a Large Business ld buy from you. Tell them your story. Person-to-person.So you have a small business just making a profit, but you really want a bigger and more profitable business. How do you make the jump from small to large?Business Plan and Strategy1. Revisit your business plan and update it to reflect recent changes. 2. Start thinking bigger – look at what you want to become in say three years and then work backwards to see what you have to do to meet these targets. 3. Add these to goals, activities etc to your business plan.Finances4. Fine tune your turnover to ensure that it is running at its maximum capability. 5. Ensure that you are financially stable and able to borrow enough to fund your expansion.Operational Structure6. Is there any waste? Sure there is. People live busy lives. Even if your sales pitch reaches the right person it may not reach them at the right moment in time. They might not have time to read it today. Or this week. They might not be ready to buy again. Your pitch might end up in the trash before it even gets read. Overall ... doesn’t matter. Know why? Because if you’ve mailed correctly a certain percentage of prospects are going to read your pitch. They’re going to respond they way you want them to. They’re going to buy ... or call for more information ... or send for the free sample. You’re going to be offering people something they want. Maybe even something that makes their life easier. Or helps them out in some way. Or lets them be more productive. Or enhances their quality of life somehow. So how do you know if direct mail is good for you? Well … despite everything you may have read about response rates … the test is simple. First thing though ... forget about the fact everyone says they don't like getting "junk" mail. The majority of people who get lots of "junk" mail (and say they don't like it) get on mailing lists after buying something through the mail. Now … Determine beforehand if a mailing can make money on paper ... then do a live test mailing. If, for example, you get a 16% response rate but your overall mailing costs exceed your net profits then your mailing is a failure. Bottom line … if your net profits from a direct mail campaign are a lot higher than your costs to do the mailing then you’ve got a winner. Some direct mail companies run successful advertising campaigns with less than a 1% response rate. They mail millions of ad pieces. But their mailing costs are low relative to their huge profits - - even with low response rates. Response rates aren't nearly as important as actual profit margins. Small businesses usually can’t keep mailing costs extremely low. If you don’t mail tens-of-thousands of pieces you won’t be able to get letters and envelopes printed in bulk for pennies-a-piece. Don’t let that bother you. If the num The Secret Of Succcess hey don't like getting "junk" mail. The majority of people who get lots of "junk" mail (and say they don't like it) get on mailing lists after buying something through the mail.What’s your definition of success? You’ve probably heard it all before about the secret of success. The majority of people would say that having lots of money would be their definition of success. Success means different things to different people. Success can come in the form of happiness, developing quality relationships, goal achievements or a healthy lifestyle.So how do you become successful? First, you need to ask yourself, what does success mean to you and what will it bring? You need to have a clear target in mind of exactly what you want. If you say I want to own a house; you need to state exactly what type of house. How many bedrooms? Where would it be?Is it big or small? If you visualize it, your goals will become more realisti Now … Determine beforehand if a mailing can make money on paper ... then do a live test mailing. If, for example, you get a 16% response rate but your overall mailing costs exceed your net profits then your mailing is a failure. Bottom line … if your net profits from a direct mail campaign are a lot higher than your costs to do the mailing then you’ve got a winner. Some direct mail companies run successful advertising campaigns with less than a 1% response rate. They mail millions of ad pieces. But their mailing costs are low relative to their huge profits - - even with low response rates. Response rates aren't nearly as important as actual profit margins. Small businesses usually can’t keep mailing costs extremely low. If you don’t mail tens-of-thousands of pieces you won’t be able to get letters and envelopes printed in bulk for pennies-a-piece. Don’t let that bother you. If the numbers work … and your product or service is priced right … then maybe only a few orders out of every 100 sales letters will make money. So what are you waiting for? Sit down. Work the numbers. Do a test mailing. I bet if you think about it hard enough you’ll be able to figure out a way to make direct mail work for you. If you need some help contact me. And don't worry about what people say. Pay attention to what they do.
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