Hi
In previous newsletters I've mentioned marketing several times!
Here is a formal definition of the difference between
marketing and advertising according to Laura Lake in her
article at:
http://marketing.about.com/cs/advertising/a/marketvsad.htm
Advertising: The paid, public, non-personal
announcement of a persuasive message by an identified
sponsor; the non-personal presentation or promotion by a
firm of its products to its existing and potential
customers.
Marketing: The systematic planning, implementation
and control of a mix of business activities intended to
bring together buyers and sellers for the mutually
advantageous exchange or transfer of products.
(You can click on the above link and read more about
marketing.)
Besides calling people on the phone, sending them letters
with our software and our demo, sending an email newsletter,
maintaining a web page with the latest information about our
product, answering the phone with a human being, one of the
things we don't do often enough is send out a flyer or a
postcard via snail mail.
Why don't we do it often? It costs money! You don't get
near the ROI (return on investment) that you get with email
letters (in the short run).
But, every time we've ever sent out a postcard, we've at
least broken even on our investment. It is much harder to
measure your ROI with a postcard, at least for us, because
we don't get to actually see our customers.
But, you can measure your ROI by offering something on
your postcard that they bring back into your store. You
know, "10% off your next purchase" or "free movie rental
when you bring this postcard back to the store."
Assuming for a minute that you are collecting Email
addresses, you can bet that you probably don't have more
than 50% of your customers emails (and that is a high
figure). So if you're sending out emails, you're only
reaching a small percentage of your customers... (which you
need to do on a regular basis because these are probably
your bread and butter customers).
But you need to put your business in front of all of your
other customers once in a while. Let them know you're still
there!
Sure it's going to cost you more than you're used to. And
if it's the first time you've done it, pay close attention
to the numbers. And if you just break even, you're doing
great, because even though some of those customers may not
purchase much from you on the first go around, you should
get some repeat business later.
And you don't have to send to all your customers at once.
For instance, you could just select the customers that
haven't rented in the last 3 months or select customers by
zip code. You or your clerks could just print out labels and
send 10 postcards a day. Make it part of your daily routine.
And if you make just $3.60 out of those 10 postcards,
you've broken even! Postcards cost $.26 for first class mail
and about $.06 to $.10 a piece. By using an online company
(we recommend below), you can have postcards printed in a
small quantity, something you can not have done at your
local printer. And these are high quality glossy 4 color
cards.
See, that's marketing. You're sending out an
advertisement that will cause your customers to come into
the store for a discount or free movie. Then, while they're
there, you get their email address, they get to see your
wonderful store, enjoy the friendly environment and friendly
staff. You probably have a movie playing on the DVD. Perhaps
the wonderful smell of popcorn. (If you don't have popcorn,
perhaps you could give them some free popcorn jelly beans,
they're great!) You give them reasons to come back again.
They need to "experience" your store and love it. Combined
together, that is marketing.
We've setup a link on our website so you can get a
discount on ordering postcards here:
http://www.vmtsoft.com/supplies.htm
Click on the Vista Print Banner.
You can also go to our web site and look under SUPPLIES.
We've ordered from these folks several times before and
we've always been happy with their work. There is a setup
process to figure out what kind of graphic you want on your
postcard, what you want to say, etc. It might take 10
minutes to an hour to place the order. It takes me about 45
minutes because I keep changing things. It's kind of fun
really.
Well, there's my tip of the week for you. Hope it helps.
If you have any tips you'd like to share with other people
on this newsletter, write me at
support@vmtsoft.com.
Thank you.
Do
something everyday to gain at least one more customer.
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