Showing posts with label marketplace. Show all posts
Showing posts with label marketplace. Show all posts

5/22/2014

Mining a Mailing List for Gold



Most people see a mailing list as a simple collection of names and addresses. We see a mailing list as an opportunity to know your customers or recipients better. This knowledge makes it possible to focus your message, promotions or appeals to match and provide more value to the recipient. And, making your communication valuable is key to increasing response rates, selling more products and services, receiving more donations, acquiring new customers…whatever your communication goal might be. In the following, we explore some of the “gold” you can get from your mailing list.

Geographic Location – The town or city and street addresses provide you details such as the school district, local schools, voting district, fire and tax districts, cable, water, sewer and utility companies, etc. for those addresses.

Location Demographics – While a town/city and street addresses provides specific information about locations they also give a reasonable idea about the demographics of those living at those locations. For example, it’s easy to identify the relative affluence of neighborhoods or different areas. This information then suggests with reasonable certainty characteristics such as minimum annual income, typical education level, home value, etc. Regardless the business, this if often very valuable to identify target audiences or target areas.

Residence type – Residence type (apartment versus single family home) often provides good clues about a person’s lifestyle. For example, apartment dwellers typically do not own lawn mowers or have need for landscaping, roofing, plumbing or electrical services. The opposite is true for those living in single family dwellings. Addresses that include “Apt.”, “Bldg.”, “Unit”, etc. are most likely apartments and may be identified as such by the USPS address processing software.

Prefixes – Prefixes can tell you about the recipient’s gender, likely marital status, education level and occupation. “Mr.”, “Mrs.”, “Miss” and “Ms.” are dead giveaways for gender and potential indicators of marital status for women (don’t take the marital status as a certainty, however). “Rev”, “Fr” (Father), “Dr”, “Atty”, “Prof”, Hon (Honorable) and the whole gamut of military ranks provide good clues about occupation and possibly education level.

Suffixes - Suffixes are sometimes called post nominal letters meaning “letters after the name”. They might start to look like alphabet soup, but they can tell you a lot about the recipient. Some common suffixes include “J.D.” and “Esq. (lawyers), “MD”, “OD”, “DO” and “DMD” (doctors), “CPA”, “CMA” and “ABA” (accountants)…and there are hundreds more! Suffixes provide very specific detail about occupation and education level which can be assumed to a relative gauge of income level and other characteristics.

Gender – Having a gender field (male/female or M/F) in a mailing list is a huge benefit since gender is a major differentiation for many communications. It might be sexist, but very few men like to shop for women’s undergarments. Similarly, not many women shop for hi-performance truck accessories. If your mailing list doesn’t have a gender field, there are techniques for creating one from the addressees’ names.

Do you ask customers about their mailing lists? Some of them might be quite interested to know more about their customer base or their market. This information helps determine if they are sending the wrong message, sending to the wrong audience or missing a key element to get more attention or business. You simply can’t know without mining the gold from a mailing list.

We can help you with this. PrintShopMarketing.com

3/03/2014

Print Shop Survival Tips

Here's a summary of a piece we created based on our interaction with many struggling print shops. See all 10 tips...
 

Small and Quick Print Shop Survival Tips


Live in the digital age – There’s no future living in the past. The printing process, market, customers and competition...

Know the competition – Digital technology enables your competition. Electronic media competes...


Be careful about commodities – Products are commodities when only price and delivery drive the buying decision. Competing for low-price...


Forget the “magic bullet” – There’s no software, hardware, gadget or gizmo that will miraculously improve your business. If there were a magic bullet...


Use small & quick to your advantage – Large competitors are limited to offering cookie-cutter products and solutions. Leverage your knowledge...


Head for your blue ocean – A thousand print shops go out of business each year because they were swimming in a red ocean. Understand why...


Break the rules for products & services – You’re in the communications solutions business: printing is just one of your tools. Skip convention...


Embrace data (information) – Data is crucial for your customers: communicating, analyzing audiences, spotting trends, etc. Simply talking...


Market your print shop – Customers can't buy anything from you if they don't know you exist. Market your print shop to make it easy for potential...


Make selling fun – Selling commodity print work is painful. Selling communication solutions like a consultant, however, can be fun. Learn...

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10/12/2013

Stop Stupid Marketing



Stupid Marketing: The process of trying to attract business while accomplishing just the opposite.

You'd be amazed how many print shop owners are quite good at stupid marketing. They aren't actually stupid but they aren't professional marketers, either. Stupid marketing mistakes are often obvious and can be disastrous.

One classic example of stupid marketing is: 

A print shop owner looking to expand his business finishes some lessons and decides to identify himself as a marketing services provider. As a good marketer, he knows he must let all of his customers know about his new services. He designs a very clever direct mail postcard campaign and adds some personalization to impress his audience. 

The campaign is hugely successful as evidenced by the print shop’s website experiencing a 45% increase in traffic immediately after the postcards are delivered. However, no phone calls, emails or any other communications are forthcoming. In fact, business overall seems to turn down rather than up! 

What’s the problem? Stupid marketing, of course!

As happens too often, the print shop owner failed to stand back and look at the image he was projecting to the marketplace. What’s that?

The owner did a great job announcing his new services and pushing his customers to his website…but, his old, ugly website delivered a totally different message to his customers:
  • He does/did a lousy job of marketing himself
  • He doesn’t keep his own marketing up-to-date
  • He’s not particularly good with details
  • He doesn’t have much sensitivity to image or brand
  • If he’s this sloppy in his marketing, what else suffers?
Ouch! If you think the “stupid marketing” label is too harsh, consider this: the printer spent time and money to deliver a very negative message about his capability, image and brand to a large portion of his customer base. More to the point...he paid to drive away his existing customers! What do you call that?

We make this point intentionally edgy because we continue to see print shop owners doing this. But, now the good news!

We also see many other businesses doing exactly the same thing.

If your print shop does website design, you may have just learned a new trick for identifying and selling website opportunities.