We don’t recommend dumpster diving or rifling through your neighbor’s trash cans, however you could find plenty of potential leads for new VDP business that way. It’s far cleaner and less hazardous to simply ask a dozen or so family members and friends to save the direct mail they might otherwise throw away and give it to you. But, what do you do with this “trash”? It might be a treasure trove of competitive information and market intelligence…if you look at it in the proper perspective. What you can glean from it includes details such as:
- Who produced the VDP direct mail (the mail permit may tell you)
- What businesses or industries are using VDP for direct mail
- How (and to what level of detail) they are using personalization
- Who is doing a lousy job of VDP personalization, and
- Who isn’t using personalization in their direct mail (the static postcards and self-mailers).
Once you’ve collected your trash over a number of weeks or months, separate it by business or product type. Let’s say that you end up with 15 unique pieces promoting jewelry – six different pieces from one local jeweler, three pieces each from two smaller, local jewelers and three pieces from mass marketers or national retailers. You see that the three pieces from one of the smaller jewelers used personalization, so your first effort might be to contact that jeweler to offer your VDP and other services. Here you have a lead already sold on using VDP so your approach is probably based on better solutions, such as service.
Next, you can target the two other direct-mailing local jewelers about upgrading to VDP. You already have a sample of their competitor jeweler using VDP to use as part of your pitch. You might also take the jewelers’ static mailers and mock them up to show they could be improved with some eye-catching personalization. Selling in these cases would be on the value of personalization with VDP (i.e. ROI, customer acquisition costs, etc.).
Finally, you have all the other local jewelers that aren’t doing any direct mailing. If they had poor experience with direct mail using static pieces, then the competitors VDP mailing and some snappy personalized samples might just renew their interest in direct mail. The sales pitch could include the fact that they would be one of the few jewelers using personalized advertising.
Repeat the process for other businesses and look for ways of migrating ideas from one type of business to another. A further benefit of collecting this type of trash is that you build up a library of VDP samples, ideas and best practices (such as what not to do). Former GE CEO, Jack Welch, said, “An organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage.” Start taking your trash more seriously to generate new opportunities.
