If the most important part of any business-to-business
direct mail package is the list, how can you be sure that you have
a good list before you drop your money (and your reputation) in
the mailbox? Answer: Ask the right questions before you rent that
list.
1. Who is on the list, exactly?
Let’s say your potential list is high-tech prospects. Are
the people on the list analysts, network administrators, product
managers, chief information officers or sales managers? Knowing
makes all the difference. So make sure you can select names by
job title or function.
2. What is the source of the list?
Is the list a compiled list, where names and addresses are compiled
into a list from directories, newspapers, trade show registrations
and other public sources? Or is the list an opt-in list (such
as subscribers to a particular trade publication, or buyers from
an online store)? Lists of names that are compiled from phone
books and directories usually age more quickly than names from
opt-in lists and usually produce more undeliverable mail.
3. Are the names on the list known buyers?
The best B2B lists contain names of businesspeople who have bought
your product or service or one like it, regardless of how they
bought it (online, by mail, retail).
4. How recently did they buy?
In the trade, we call this Recency. Prospects who bought a product
or service like yours recently are better prospects than ones
who purchased years ago.
5. How often do they buy?
We call this Frequency—how often someone buys. Naturally,
someone who buys your product or service often is a better prospect
than someone who buys less frequently.
6. How much do they spend?
We call this Monetary value, and it’s the third component
in the standard test of mailing list quality—Recency, Frequency,
Monetary value. Buyers who spend the most are the best prospects
for your mailing.
7. Are the people on the list “direct-mail responsive?”
Sometimes a list owner or list broker will know if the names
on her list respond to direct mail offers. A good example would
be a catalog merchant who would know the percentage of names
on his list who buy through the mail.
8. How fresh are the names?
Some business-to-business lists decay at a rate of 25% a year.
In other words, at any given time, 25% of the names on a given
list will have moved (new address), been promoted (new job title),
undergone a restructuring (new email address) or quit. Ask your
list owner or list broker how often they update their list.
9. When was the list last cleaned?
List owners “clean” their lists by comparing them
against the postal service’s National Change of Address
file. Ask how often this is done.
10. How often is the list rented?
If the list is rented often, it is likely a good list (but one
that contains names of prospects who may have
been inundated with offers like yours). If the list is rarely
rented, it is either no good or it contains a highly specific
group of prospects that no other business except yours wants
to mail to (not likely).
11. How many other mailers tested the list successfully?
You should conduct a test mailing to a list before rolling out
your entire mailing. Ask how many other businesses tested the
list and then declined to rollout, and how many tested the list
and decided to rollout. The answers you get give you an idea
of the value of the list to your business.
12. Who else rents the list?
Do your competitors rent the list? See if you can find out!
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About the author
Alan Sharpe is a business-to-business direct mail copywriter and
lead generation specialist who helps business owners and marketing
managers generate leads, close sales and retain customers using
business-to-business
direct mail marketing. Learn more about his creative direct
mail writing services and sign up for free weekly tips like this
at
http://www.sharpecopy.com.