It's interesting how things change gradually and then when you look back, you appreciate that an enormous change has occurred. There are lots of examples of this, but I was reminded of a specific one the other day when I logged onto my computer, glanced at the 47 promotional emails in my in-box and and then noticed the two pieces of direct mail on my desk. Interesting, almost 50 emails and yet only two pieces of direct mail!
My point of course is that in these recessionary times.. and indeed in any time, as well as learning and experimenting with new channels and technologies, an existing way of doing things can often be looked at with new eyes and reinvented for a new audience.
Here's an example of someone who did just that, taken from the world of marketing magazine subscriptions - a world I know well. Before the web (BTW)..if such a time existed..the majority of new magazine subscribers signed up after receiving a piece of well targeted direct mail. This approach usually took a month to execute and the cost of acquiring new customers was quite high. Nonetheless, given the right proposition and a strong focus on detail and measurement, these campaigns worked and resulted in thousands of new subscribers signing up - and then signing-up again year after year.
Then came the web and we were suddenly able to email our messages directly into the in-boxes of recipients at a fraction of the cost of
direct mail ..and, on top of that, responses came in that same day! Direct mail's days looked numbered - and it had to change. So, in terms of magazine subscription campaigns, the creative changed - colourful leaflets were replaced with
invoice style statements, frequency changed and the number of people who could be reached also changed in a downward direction.
However, today, direct mail is still an important route to market that continues to work for b2b audiences who's email boxes are increasingly cluttered. This year, the team at RBI for example, have been able to reduce costs further by consolidating the production and distribution of mailings across multiple markets. In other words, through good planning and the creation of a standard template; fulfillment, data processing and postage costs have been saved and that money has been used to reach 30% more people and reduce the cost of sale by 50%. The channel is used very differently to the past, directing users to the web to order or more information.
On a similar topic, here's another example of an old idea reinvented for a new age. I've noticed that
advertorials
are starting to appear more frequently in magazines of all types,
allowing a marketer to get their message across in quite an effective
way often than other types of creative. As a marketer myself, I'm
always on the look-out for tactics that work on me - so when i found
myself reading an advertorial about a new pair of running shoes
recently, it made me think - 'that could work' to help guide
prospective customers. A couple of
examples for reference.