Direct Marketing 101 Workshop 3
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Part 3 in a series of 5 presentations providing an overview of direct marketing.

Part 3 in a series of 5 presentations providing an overview of direct marketing.

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  • Offers In addition to the benefits of product usage, consider the offer you are going to make. These other components of the offer might include a free gift, an introductory discount or low rate finance, to name but a few. Offers can impact very positively on response. Beware however that your offer meets your objective! If response in droves is what you are after then a really generous offer will secure you that response. If you actually want to attract qualified leads from really interested prospects then a lesser offer will prevent dross applicants. The balance needs to be struck. Check that your offer is relevant to both your target audience and the product in question. If you mismatch the offer to the audience it will not be attractive and may dissuade fence sitters from responding. Before working up your offer look at what your competitors do. Draw up a checklist to compare your proposition with those of your competitors . If you can make offers that do not obviously reduce the price of your product, it is worth trying to do so. If you bring a customer on board at a reduced margin and a special price, there is every chance that they will expect the same come renewal time. Do not forget to look to the future.
  • You want to keep your cost-per-order or cost-per-inquiry and increase response without increasing your fixed costs which raise your cost-per-order or cost-per-inquiry. If the response increase is great enough to offset these costs then you’ve succeeded.

Direct Marketing 101 Workshop 3 Presentation Transcript

  • 1. Direct Marketing 101 Workshop 3 Direct Marketing Appeal & Offer Development (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 2. What is the Offer? It’s simply your proposition to the prospect or customer. (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 3. Why is the Offer Important?
    • Because the right offer can sell almost anything.
    • The offer is one of the simplest and most dramatic ways to improve direct marketing results.
    (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 4. The Offer is Crucial
    • All other things being equal, it’s the most crucial of the three parts of response creativity.
    • It’s important to think of your market as you are structuring your offer.
      • What’s their sex, age, educational level, special interests, and social-economic status?
    • How you state the offer counts.
    • It both selects and involves the prospects.
    • It determines the quality of the customers who respond.
    • It’s an important aspect of creativity to find new ways of stating an existing offer.
    • It’s important to find new offers.
    (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 5. What’s Makes Up the Offer?
    • The products/services
    • The price of the product/services
    • The payment terms
    • The way the offer is worded or pictured
    • Any incentives, bonuses, extras, premiums
    • Any time limitations or restrictions
    • Any free literature or booklets
    • Any special fulfillment options – free shipping
    (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 6. Planning Your Offer
    • The 1 st step in planning your offer is to think about your objective.
      • Are you trying to get orders by mail?
      • Produce more sales leads?
      • Sell subscriptions?
      • Raise funds?
    • The more attractive your offer, the better the response to it will be.
    • Goal – come up with the most attractive offer you can afford to generate immediate action.
    (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 7. Are all good offers expensive?
    • Economics of your offer:
      • You have fixed costs
      • You have variable costs
    • Sweeten your offer and make it more attractive without increasing your fixed costs.
    • Your objective:
      • To increase response more than enough to offset the added costs involved in improving your offer.
    (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 8. Types of Offers
    • Basic offers
    • Free gift offers
    • Other free offers
    • Discount offers
    • Sales offers
    • Sample offers
    • Time limit offers
    • Guarantee offers
    • Guarantee offers
    • Build-up-the-sale offer
    • Sweepstakes offers
    • club & continuity offers
    • Specialized offers
    • A final offer
    (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 9. Basic Offers
    • Right price
    • Free trial
    • Money-back guarantee
    • Cash with order
    • C.O.D.
    • Charge card privileges
    • Bill me later
    • Installment terms
    (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 10. Free Gift Offers
    • Free gift for an inquiry
    • Free gift for a trial order
    • Free gift for buying
    • Multiple free gifts with a single order
    • Your choice of free gifts
    • Free gifts based on size of order
    • Two-step gift order
    • Continuing incentive gifts
    • Mystery gift offer
    (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 11. Other Free Offers
    • Free information
    • Free catalog
    • Free booklet
    • Free fact kit
    • Send me a salesman
    • Free demonstration
    • Free talent test
    • Send me a salesman
    • Free demonstration
    • Free “survey of your needs”
    • Free cost estimate
    • Free dinner
    • Free film offer
    • Free house subscription
    • Gift shipment service
    (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 12. Discount Offers
    • Cash discount
    • Short-term introductory offer
    • Refund certificate
    • Introductory order discount
    • Trade discount
    • Early bird discount
    • Quantity discount
    • Sliding scale discount
    • Selected discounts
    (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 13. Sales Offer
    • Seasonal sales
    • Reason-why sales
    • Price increase notice
    • Auction-by-mail
    (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 14. Sample Offers
    • Free sample
    • Nominal charge samples
    • Sample offer with tentative commitment
    • Quantity sample offer
    • Free sample lesson
    (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 15. Time Limit Offers
    • Limited time offers
    • Enrollment periods
    • Pre-publication offer
    • Charter membership (or subscription) offer
    • Limited edition offer
    (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 16. Guarantee Offers
    • Extended guarantee
    • Double-your-money-back
    • Guaranteed buy-back agreement
    • Guaranteed acceptance offer
    (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 17. Build-Up-The-Sale Offers
    • Multi-product offers
    • Piggyback offers
    • The deluxe offer
    • Good-better-best offer
    • Add-on offer
    • Write-your-own-ticket offer
    • Bounce-back offer
    • Increase and extension offers
    (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 18. Sweepstake Offers
    • Drawing type sweepstakes
    • Lucky number sweepstakes
    • “ Everybody Wins” sweepstakes
    • Involvement sweepstakes
    • Talent contests
    (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 19. Club & Continuity Offers
    • Positive option
    • Negative option
    • Automatic shipments
    • Continuity load-up offer
    • Front-end load-ups
    • Open-ended commitment
    • “ No strings attached” commitment
    • Lifetime membership fee
    • Annual membership fee
    (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 20. Specialized Offers
    • The philanthropic privilege
    • Blank check offer
    • Executive preview charge
    • Yes/no offers
    • Self-qualification offer
    • Exclusive rights for your trading area
    • The super dramatic offers
    • Trade-in offer
    • Third party referral offer
    • Member-get-a-member offer
    • Name-getter offers
    • Purchase-with-purchase
    • Delayed billing offer
    • Reduced down payment
    • Stripped-down products
    • Secret bonus gift
    • Rush shipping service
    • The competitive offer
    • The nominal reimbursement offer
    • Established-the-value offer
    (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development
  • 21. End of DM 101 Workshop 3 See Workshop 4 to Continue Our complete Direct Marketing 101 Workshop series can be conducted via webcast or in person depending on your preference. For more information about this workshop, others and our consulting services, contact DWS Associates today at (651) 315- 7588 or [email_address] ! (651) 315-7588 Direct Marketing 101 - Appeal & Offer Development