Use Key Direct Marketing KPIs to Gird 2018 Plans

The busy year-end holiday season, especially for fundraisers and retailers, should not distract direct marketers from the working on the analytics they need to finalize next year’s marketing plans and ROI. A recent post by the Digital Dog Direct agency helpfully offers a checklist of basic marketing Key Performance Indicators (KPIs).

Spending and Lead Generation

Marketing ROI is about effective spending and requires tracking results by channel and campaign. KPIs use actual annual outlay for direct mail marketing (lists, print, lettershop, creative, postage), digital marketing (e-mail, SEO/SEM, landing pages, social media and creative), as well as spending on PR/events/brand/content marketing.  Marketers must keep a tally of the number of outbound leads attributed to direct mail or e-mail campaigns, as well as the inbound leads generated by efforts such as SEO, blog content or PR. Then a cost per lead acquired can be calculated by dividing annual expenditure by the number of leads generated. Since the ultimate goal is sales not merely leads, the percentage of leads that become paying customers and the dollar sales per lead are key measures.

Multi-channel Performance Rates

Beyond evaluating general performance, marketing planners should use measurement to fine-tune future marketing plans and budgets. This means identifying the response rates and conversion rates for each channel, for each direct mail and digital campaign, and for tests of creative, timing, frequency, lists and segments. Performance rates should be measured not only for campaigns to acquire new leads/customers but also targeting of existing customers and reactivation of dormant customers. Website traffic reports from Google Analytics can not only show online ad and SEM effectiveness but also track spikes around direct mail or e-mail promotions to give a fuller picture of response. A simple ratio of the annual return on marketing investment, or ROI by channel and campaign, can be calculated by adding up incremental sales from marketing and subtracting marketing amount spent, and then dividing the result by amount spent on marketing.

Long-term Growth of High-Value Customers

But remember that a focus on annual or campaign results can be myopic since these do not necessarily deliver long-term growth–for example if attrition is high so more customers are lost than added. Marketers need to look at customer and prospect databases to make sure they are growing year-over-year. Because acquiring a single sale per lead also is less profitable long-term than acquiring a repeat customer, measuring average customer lifetime value is a vital KPI and is calculated by multiplying average dollar sale per customer by the average number of purchases per year and the average retention time in years.

See the full article for the KPI checklist.

 

Nonprofits’ Crucial Year-End Fundraising Drives Have Begun

AccuList USA works with big and small nonprofits on their key year-end fundraising campaigns. With a third of annual giving occurring in December, over half of nonprofits starting year-end plans in October, and direct mail the leading fundraising channel, October often sees final tweaks to direct marketing plans (and mailing lists).

Planning for Year-End Fundraising Success

For example, nonprofit marketers may want to check their current plans against the four-step master plan recently offered by fundraising consultant Gail Perry on her blog. Step 1: Set goals for each donor segment, and don’t forget lucrative leading-donor annual gifts, lapsed donors and board members. Step 2: Select channels for a multi-pronged appeal, integrating direct mail, e-mail, telemarketing, social media, website, and video creative–and design a consistent message for all. Step 3: Gather resources and set a budget. Step 4: Set a timeline and calendar. Read the complete article by Perry for details and tips.

How Small Nonprofits Can Punch Above Their Weight

Of course, smaller fundraisers often bemoan budget limitations at this point. A guest post by Damian O’Broin for the Institute of Fundraising offers a bracing response. Greatness is not a function of size, it’s a function of attitude, he argues, citing donor surveys. The things that matter most to donors don’t depend on big budgets and lots of staff but on good, donor-centric fundraising practices: thanking promptly and properly; showing progress and impact; getting to know supporters and responding to their needs; empowering supporters; and asking consistently. “Because what we found from these surveys is that the best way to improve donor commitment is with great donor service. Responding to e-mails. Dealing effectively with queries when your donors call you. Thanking donors promptly–and just as importantly–making donors feel thanked,” he says. Even modest direct marketing campaigns, assuming they are well targeted, can use these practices to boost response.

 

Survey: Mismatches in Event Marketing Channels, Attendee Interest

Where should trade show and conference marketers go fishing for potential audience? In a multi-channel world, it can be challenging to balance online, e-mail, print and social media for best results. Now a recent survey by XING Events, as reported by MarketingProfs, shows interesting gaps between where event marketers are casting their nets and where potential attendees pool to research events.

Event Attendees Are Drawn by Word-of-Mouth & E-mail

According the the XING Events study, which is based on a global survey of 2,621 event attendees and 1,630 event organizers, event attendees most often learn about work-related events through word-of-mouth mention by friends and acquaintances (66%) and via e-mail newsletters (59%). Fewer event attendees (20%) report being influenced by ads for print and online professional publishing. Online search has more impact when the audience is already aware of the event; for example, 49% say they use online search to find details about trade shows or conferences they already have heard about (via word-of-mouth, e-mail or print). Just 22% learn about an event by doing keyword searches. However, an even smaller portion (16%) of event attendees report that they use social media to research events.

Event Marketers Focus on Websites, E-mail & Social Media

Event marketers don’t exactly mirror attendees’ preferences. About 89% of surveyed event organizers say they market their events through their own websites, culling search traffic. Some 76% say they market through e-mail newsletters, which is in line with attendee activity. The surprise is that 73% of event pros say they promote via social media even though it is not where most of the audience is currently looking for event information.  And about 47% use traditional print channels.

Event Planners Foresee Social Media Expansion

Despite its current lower usage among event attendees, social media is the marketing channel that most event marketers plan to grow in future. Some 65% of organizers say they would like to use social media more frequently in the future. The next most popular target for expanded investment is their own websites (48%) and e-mail (41%). Although “influencer marketing” is a trendy topic, only 33% of event pros plan to increase influencer or multiplicator marketing to pump word-of-mouth.

For more study results, see https://www.marketingprofs.com/charts/2017/32765/how-events-are-marketed-to-and-found-by-attendees?adref=nlt091817

 

 

Effective Cross-Channel Marketing Requires New Tactics

AccuList USA embraces multi-channel marketing for broader, deeper and more nuanced audience reach–but we also recognize that, without careful planning, there is a risk of counterproductive ad frequency and confusion.

Untangling Cross-Channel Confusion

At the recent 2017 Google Marketing Next conference, Bill Kee, Google’s group product manager for attribution, is quoted giving a powerful illustration of how a multi-channel campaign can saturate the market: “If I am on three devices, and if I see your ad five times, it means you’ve reached me 15 times….believe me I get it.” So how can marketers improve performance given today’s complex, interconnected channel usage? In a recent Direct Marketing News article, Pierre DeBois, founder of digital analytics firm Zimana, suggests several tactics for better cross-device/cross-channel effectiveness. First, DeBois recommends using cross-channel/cross-device analytics in place of traditional last-click attribution or channel-to-channel comparison. The goal should be to see the complete picture of channel contributions to ROI at each step of the customer journey, he advises. An example is Google’s new Unique Reach report that displays digital ad frequency metrics across devices, campaigns, and formats to measure how many times a person views a given ad. The report combines attribution influences from AdWords, DoubleClick and Google Analytics.

Content Curating and Chatbot Support

It is a new marketing axiom that videos and images are great response-getters for digital media. But multiple cross-channel/cross-device campaigns can visually overwhelm and confuse customers, too. DeBois advises marketers to locate videos and images in a content mapping strategy so they can understand how their media aligns with each step of the customer journey. Plus, they should curate media by carefully selecting and orchestrating images, videos and messages in order to help customers understand products and services. One helpful curating tool is the “image story” feature on social media platforms, including Pinterest Lens, Instagram Stories, and Twitter Moments. Another option for providing a consistent customer story across channels is to employ chatbots, DeBois suggests. Chatbots offer programmable assistance, powered by rules and sometimes artificial intelligence, to interact with customers via a chat interface, auditory or textual. Chatbots are often found in recommendation engines and can increase customer engagement through a series of questions and responses. Among the many chatbot services, DeBois points to those built for Facebook Messenger as most useful for businesses with a strong social media audience. Amazon Lex is another option for building and managing conversation bots. To read his article: http://www.dmnews.com/mobile-marketing/how-to-make-media-more-effective-for-cross-device-marketing/article/669602/  

Push Your Event Marketing E-mails Ahead of the Pack

During close to 30 years of direct marketing to help trade shows and conferences boost attendance and sell exhibitor space, clients often have asked for guidance on event industry response for e-mail campaigns. Now we can enhance data pulled from our proprietary research and experience with Eventbrite’s new “2017 Event E-mail Benchmarking Report,” comparing survey responses from over 340 event organizers across the U.S. and U.K. for a range of event types and sizes.

Benchmarks to Emulate

If you’re an event marketer with a fuzzy notion of the basic response measure of click-to-open rate (CTOR), you’re not alone. The benchmark report found that 39% of respondents said they didn’t know their average CTOR. That’s an ignorance that these event pros need to remedy if they hope to catch up with even average e-mail results. The rest of the U.S. event organizers surveyed reported an average CTOR of 12%. That was higher than their U.K. brethren, who only cited a 9% average, but far behind the enviable 17% in the U.S. who reported a CTOR of 21% or higher! Festivals scored the best average e-mail CTOR (14%), while classes and workshops had the lowest (9%).

Copy & Design to Boost Click-to-Open Rates

Event marketers who want to improve CTOR can commit to a number of basic creative tactics. First, they can revisit layouts and make sure they direct recipients to a compelling and clear call-to-action. Then, copy should be relevant, personalized and spam-filter avoidant, running from a great subject line that entices opens to copy that wins clicks. Obviously, mobile-optimization is a must now that the majority of e-mails are opened on mobile devices. Note that the most effective e-mails today also include an engaging image. E-mail research has found that e-mail campaigns with imagery have a 42% higher CTOR than campaigns without images, for example. (Don’t forget to comply with CAN-SPAM opt-out and privacy regulations, of course.)

Target, Test, Automate, Integrate

As data brokers, we must remind that response is even more dependent on the quality of targeted opt-in e-mail data, whether house or rental lists, and use of professional software and database support for list segmentation, updating and permission management as well as results tracking, testing and analysis. Indeed, regardless of carefully crafted e-mail creative, results measurement and analytics are essential to a direct marketing basic: testing of creative, lists and targeting to find what works best. Automation of event updates and confirmation/thank-you e-mails has also proven its value in maximizing click-through rates and conversions/registrations. And, finally, e-mail gains the most reach as part of a consistently branded, multi-channel effort, leveraging social media’s e-mail list building strategies, for example, as well as the proven marketing power of direct mail. (Ask us about our Digital2Direct marketing program that matches postal and opt-in e-mail records to send targeted mail and e-mail to the same recipients.)

For more metrics from the new event e-mail benchmarking survey, get the free report at https://www.eventbrite.com/blog/academy/2017-event-email-benchmarking-report/

Harnessing Social Media to Drive Nonprofit Success

At the upcoming Association of Fundraising Professionals (AFP) 2017 Conference, we expect to hear a lot about nonprofit social media strategy and will be offering AccuList USA support with our Social Media Users List of Lists and Digital2Direct program combining highly-targeted direct mail with social media advertising on Facebook. Of course, social media success is a moving target, so we wondered what social media trends will impact fundraising this year. Here are some insights:

Be More Visual, Personal, Responsive

A 2017 Redstart Creative blog post identified several noteworthy nonprofit social media trends. As in the rest of the digital universe, video is the new response-getting must, and now nonprofits can use live video to boost reach and engagement via tools such as new Facebook features allowing live video to be pushed to followers in notifications or timelines. As social media algorithms reduce organic reach and ad competition intensifies, Redstart advises uncluttered “less is more,” quality-over-quantity content that focuses on resonating with the target audience. “Reply and engage” should be a new mantra, too, especially since major platform Facebook began keeping score publicly on all brand pages last year by adding a notification that tells viewers how quickly the page replies to messages. For nonprofits, trying to woo and keep donors today means storytelling content and engaging personality, Redstart stresses; so don’t be afraid to embrace video, memes, emojis and gifs.

Polish the Art of Engaging

Need some tips for donor engagement on social media? A recent NonProfitPRO post by Dale Nirvani Pfeifer, founder of Goodworld, cited three basic steps–and she included images of real-life digital successes. Step No. 1: Respond quickly. As Pfeifer notes, 83% of Twitter users and 71% of Facebook users expect a brand to respond to their posts within 24 hours, and more than half of Twitter users expect a brand to respond within 2 hours! Social-media monitoring tools like Google Alerts and Mention can help keep track of responses to supporters. Step No. 2: Get personal. Responses can include a personal touch, but less time-consuming tactics include tagging supporters in thanks, or a simple “like” or “share” of comments. Step 3: Honor your donors. Even if thank-yous can’t be personalized, you can make donors feel special on social media by posting a “thank you” message after a successful fundraising post. Plus, part of honoring donors is transparency, Pfeiffer adds. Post organization news, fundraising goals and impacts; making donors part of the success story will build engagement, loyalty and a desire to give more.

Tap the Power of Social Influencers

“Influencer marketing” is a buzzword at the top of marketers’ agendas in 2017. A recent post on npENGAGE by Jeanette Russell, marketing director of the social engagement platform Attentive.ly, underscores the power of influencers to greatly extend the reach of fundraising campaigns.  Attentive.ly evaluated 90 of its nonprofit customers and found that the top 5% of influencers on a nonprofit’s e-mail list of 140,000 can reach an average of 34 million people, or 85% the total reach of e-mail and Twitter combined. Wow! So how do you identify influencers? You use a social scoring methodology, such as Klout’s algorithm, to assign a score based on measurable factors: reach/number of followers, engagement of followers, relevancy, post frequency, and relationship with the organization. Then you segment the influencers and their messaging into three main categories, Russell advises: VIPs (such as entertainment stars or politicians) who need high-touch, major-donor-style treatment; Media (Blogger) Influencers who can be recruited to post or Tweet to pools of followers, either on their own or as part of investment in a blogging program/network; and Everyday Influencers, who form the largest group and are already on nonprofit e-mail lists so they can be quickly energized by e-mails asking them to share or post easily accessible content.

For examples of successful nonprofit influencer efforts, as well as tips on crafting effective influencer e-mail campaigns, see the the full article at https://npengage.com/nonprofit-marketing/socialmediainfluencers/

Innovative Media Tactics Offer Ideas for Growing 2017 Circulation

Helping circulation pros and media owners grow print and digital audiences with targeted direct mail and e-mail lists has been a long-time focus at AccuList USA, as seen by our many business publication and consumer publication clients.  But today’s challenges in reaching new subscribers, boosting event attendance and promoting content engagement require strategic innovation, and we would point to some great lessons in Editor & Publisher‘s annual feature “10 Newspapers That Do It Right,” which spotlights ideas for 2017 circulation, revenue and engagement growth with applications beyond the newspaper world. Below are just a few of the winning strategies highlighted.

Growth Formula Adds Print Frequency Flexibility to Smarter Retention

Editor & Publisher cites how the Albany Times Union grew its print subscription base by offering more frequency flexibility with a Thursday through Sunday and/or Sunday-only print delivery as primary options. “As consumers continue to downsize their subscriptions to fit into a busier and more digital audience, this change in tactics presented the consumer with flexibility,” Brad Hunt, circulation sales and marketing manager, explained to E&P. The strategy helped the paper secure an additional 5,067 new print starts versus the previous year. With lower frequency delivery options as the primary offer, kiosk and telemarketing vendors wrote an additional 3,907 subscriptions over the previous year, and digital efforts, such as e-mail and online, also secured 714 additional starts versus the previous year.  Then, by restricting discounted offers to 50% with limited exceptions through the year, the paper also countered the past deep introductory discounts that had created higher churn and/or downgrades rates. The paper further cut subscription churn by using data analysis of starts and stops to develop more efficient retention and engagement touch points. As a result, starts increased by 7% and stops decreased by 18%, giving the paper a net gain of more than 1,200 starts over stops for the year.

Unique Content and Multimedia Delivery Capture Audience and Ads

San Antonio’s Express-News is wooing subscribers and boosting ad revenue via multimedia publication of unique local content. For example, in October 2015, the paper launched a 48-page, all-color tabloid magazine, Spurs Nation, about its local NBA team, the Spurs. Full of original and exclusive reporting on the team (80,000 subscribers currently), the tabloid is inserted in the Sunday paper and sold on newsstands. Four months after the magazine launched, a half-hour “Spurs Nation” television show debuted on the local NBC affiliate. Plus, on game days, the paper began publishing a double-truck with a scouting report and feature story. Content was accessible on the paper’s premium subscriber website, ExpressNews.com, and on a niche site, SpursNation.com. So, in a single buy, advertisers can get magazine, newspaper, TV show and website ads. Plus, the paper added book publishing this past holiday season, with a Spurs Nation book about major moments in San Antonio basketball. The paper will replicate its winning formula when it launches a new series of daily historical articles, with ad sponsorship, leading up to celebration of the city’s 300th anniversary in 2018. There will be a companion book, covering the first 150 years of San Antonio’s history, and production of daily Tricentennial Minutes on local TV stations next year, too.

Social Media and Event Engagement Target Millennials

Hoping to woo millennials to its print, digital and mobile platforms, Singapore’s Straits Times decided to create Singapore’s first coffee festival to get its brand message to a younger crowd. Over the course of four days last June, the event hosted more than 100 vendors, ranging from cafes and coffee roasters to stalls selling books and home décor. “We wanted to target a millennial crowd in particular, and much of the publicity was specifically created for maximum impact on social media,” Managing Editor Fiona Chan told Editor & Publisher. Since the goal was to get millennials engaged with the publication, the paper’s designated Reading Room at the festival gave guests the chance to interact with reporters, columnists and editors at the Times through a series of hour-long Q&A sessions. “Readers are increasingly looking for more than just commoditized news that they can get for free anywhere. What they want is to engage with journalists and newsmakers, to ask specific questions about the issues that interest them and to obtain detailed answers,” Chan advised. By the end of the festival, the total number of guests was twice the turnout originally expected, so the paper plans on bringing back the event this year at a larger location to accommodate a bigger crowd and more sponsors.

For more ideas from the article, read http://www.editorandpublisher.com/feature/10-newspapers-that-do-it-right-2017-achieving-growth-in-circulation-revenue-and-engagement/

 

Direct Mail Woos Millennial Shoppers by Embracing Their Digital Side

With the millennial generation, roughly those aged 18-35, now outnumbering boomers, most marketers want to keep this big batch of younger purchasers in their crosshairs. Yet direct mailers sometimes report frustration that response does not match assumptions and expectations from mailing lists and creative.  One cause of lower than desired response may be failure to take into account how millennial shopping and buying habits differ from those of other generational groups.

Yes, Millennials Shop Differently (and Digitally)

A recent article by eMarketer, drawing from its “US Millennial Shoppers 2017” survey report, cited three shopping habits that should be of interest to direct marketers. First, millennials tend to prefer digital shopping, even while in stores. Second, millennials are very comfortable with mobile shopping. And third, millennials have a strong presence on social platforms yet also respond well to direct marketing via e-mail. (See more on the report.)

How Direct Mailers Can Woo Millennials

Millennials are not averse to direct mail–but it depends on the direct mail. Target Marketing magazine’s Summer Gould recently cited five reasons direct mail may flop with millennials–and three come back to the clear digital preferences identified by eMarketer. First of all, a direct mail offer that does not include an online purchase option is missing sales, Gould points out. And, per eMarketer reporting, mailers may be losing sales in a big way considering that 90% of millennials, 93% of Gen Xers and even 84% of boomers said they bought online in a June 2016 Berkeley Research Group survey. Next, since millennials clearly embrace mobile shopping, every aspect of the shopping experience should be mobile-friendly (website, landing pages, shopping cart), Gould advises, and it is certainly key if the direct mail includes mobile-scanned QR codes to connect digitally. Then, since social media matters to millennials and is where they do research before they buy, a direct mailer lacking a social presence is also snubbing millennial shoppers. But not just any social outreach will do; millennials want authentic, informative, humanized interaction.

Friendly, Authentic, Tech Savvy

Regardless of digital messaging, printed content also needs to seem authentic and friendly if the mailer wants millennials to make a connection with the offer and the brand, per Gould. Millennials value companies that make them feel good, she points out, so mailers should review their creative and remove the phony or impersonal. Finally, millennials expect a company to be up-to-date with technology and to integrate marketing, shopping and sales with technology–whether in-store, in direct mail, or on the website. Millennials can relate to direct mail offers–but not if they are tied to a company that lacks the technological savvy to make interaction easy, seamless and personalized. Do millennials’ digital and tech preference mean that direct mailers can only succeed by stuffing technology into print pieces–QR, AR, video, etc.? Not necessarily, answers Gould. As with any marketing effort, just test what makes sense for enhancing audience experience and boosting response.  For Gould’s article, see http://www.targetmarketingmag.com/post/how-to-get-millennials-to-respond-to-your-direct-mail/

 

Creating Powerful Synergy With Paid, Owned & Earned Media

When budgets are tight, it’s tempting to focus on earned and owned media over paid media promotion. But marketers need to know the growth penalty of that strategy. Brands that use paid media typically grow three times faster than those that rely on owned and earned media alone, according to recent international research from the Institute of Practitioners in Advertising (IPA), as reported by The Drum.

Synergy From Paid, Owned & Earned Media

At the same time, paid media is more effective when coupled with earned and owned media. IPA research shows that owned media, which includes brand websites, blogs and social media sites, typically increases the effectiveness of a paid ad campaign by 13%. Meanwhile,  earned media, which includes online mentions, shares, re-posts and reviews, increases the effectiveness of a paid campaign by a larger 26%.

The Emotional Power of Video

The IPA examination of media marketing further finds that emotion is a vital ingredient to success, and that television advertising continues to be the most powerful in delivering emotional engagement. Researchers report that adding television advertising increases a promotional campaign’s effectiveness by 40% and is also the best for generating  the top-line growth that drives profit, with a 2.6% average market share point gained per year when using television advertising. The growing use of video-on-demand and online video has turbocharged video impact: IPA’s research shows a 54% increase in the average number of “very large” business effects from adding television and online video together, versus 32% for television only and 25% for online video only.

Finding the Golden 60:40 Balance

When it comes to the optimal combination of paid, earned and owned media, and the best balance of brand-building vs. targeted sales ads, IPA results show that the most profitable campaigns have a 60:40 ratio of long-term brand-building (broad reach, highly emotive) to short-term sales activation (tightly targeted and information rich). For help with media strategy tailored to your budget and market, don’t hesitate to call on AccuList USA’s multi-channel marketing expertise, from social engagement and online ads to e-mail and pay-for-performance TV. And for more on IPA research, see http://www.thedrum.com/news/2016/10/31/brands-use-paid-media-grow-three-times-faster-those-just-rely-earned-and-owned-finds