Revisiting Postal Direct Mail, Part 2: Holding Down Costs: Frugal Marketing Tip, Nov. '09
Postal direct mail isn’t cheap, and if you only have a two percent response (considered pretty good, believe it or not), that means a mailing that costs you one dollar per envelope costs you fifty dollars per sale! A one percent response costs $100 per sale. Big ouch!
Here are a few ideas to bring down the costs of those mailings:
- Organize your own Val-Pak-style co-op—get a few other businesses to share the cost, and postage drops dramatically (hint: Your response rate will be much higher if the offers are related in some way, and the list is targeted—so, for instance, a florist, caterer, and DJ could mail together to a list of couples that registered for an upcoming bridal show)
- Use postcards instead of envelope-mailings, and give your URL prominently on the postcard (with a reason to visit)
- Let your own computer do some of the postal processing (sorting, bar-coding, etc.) and take advantage of postal discounts
- Enclose a flier when you’re mailing something else already (such as filling an order)
- Partner with others to enclose your fliers when they mail, and vice versa
- Trade lists with others who reach a similar customer profile
By the way, I have an extensive section on how to implement these and other postal mailing cost-savers in my fifth book, Grassroots Marketing: Getting Noticed in a Noisy World (which was a Finalist for Foreword magazine’s Book of the Year Award)
About the timing of this article
In October, 2008, I devoted this newsletter to thinking strategically about when to use postal direct mail—and I promised a part 2, on reducing direct-mail costs. And then I guess I forgot to look at my notes the following month. I never lack for ideas, so I went on and wrote about a bunch of other things. Today, I went to the archives and saw that Part 1 staring at me, with no Part 2. But I try to keep my promises, so here, a year later, is the long-awaited article.
Successful Tips for Successful Internet Marketing | Internet Marketing Bits said,
Wrote on November 21, 2009 @ 12:07 pm
[…] Shel Horowitz's Monthly Newsletters » Blog Archive » Revisiting … […]
Tim Markaity said,
Wrote on January 11, 2010 @ 12:58 pm
This is a really great post, I’m glad that you put this content out there for everyone, and I’m sure that others feel the same way!