Pressure
Cooker
By: Andrea Bell |
09.07 |
As marketers, we feel the pressure of bringing in prospects, leads
and sales to the company to
increase revenues and ROI. There are
many things to consider in the evolving realm of marketing
and advertising. Who is the best audience
for your product or service? How do you reach that
audience? What kind of response rate
can you expect? How will your sales team follow-up, or
better yet, will they follow-up? What
media or channels should you use? What offer should you
include in your copy? When should you
do your promotion?
All of these questions can start to build anxiety in any marketer.
Vice Presidents and Chief
Marketing Officers are turning to you
to make these decisions and manage the day-to-day
coordination of these programs for the
company.
The best place to start is with previous campaign history. What has
worked in the past? Why did it
work? Take that building block and create
a test campaign. Timing can change the results or
response of any promotion. Therefore,
you can’t just repeat a direct mailer or online banner that
you ran last September and expect the
same results. Weather, news, events, politics, economic
state among other variables can influence
response.
Take a previous direct mailer you ran that performed well (generated
more leads or sales) and
change something about it. The new mailer
becomes your test and the old mailer becomes your
control. Maybe you change the offer or
reason to respond. Maybe you keep the look the same but
change the tone of the copy. You are
now starting to build a strategy to “beat your control” in
order
to continually increase the performance
or return of your direct marketing efforts.
This builds measurable trend and test history. Over time these efforts
will lead you to receive the
strongest response. If your company hasn’t tracked or measured
direct marketing in the past, now
is a good time to start. There are quick,
easy and cost effective ways to track response for each of
your campaigns. When you track your efforts,
you gain ways to measure and report back to the
top executives. It will help you trend
future performance of your campaigns and allow you to
project revenues and breakeven points
more accurately.
You can avoid the feeling of being thrown into a pressure cooker.
When you have the knowledge
to predict or trend the performance of
future promotions it tends to ease the pressure received from
CMO’s and top executives. You become more in control of your
efforts and that leads you to a
more methodical and thought out campaign
strategy.
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