HOW TO USE DIRECT RESPONSE CARD DECKS AS A MARKET RESEARCH AND LEAD GENERATION TOOL...

Written by Thom Reece


Continued from page 1

  • Arerepparttar response/profit characteristics such that they justify testing such other direct response media as direct mail, space or broadcast advertising?

  • Is there potential for a variation of this product/service to be marketed to a closely related audience?

  • What isrepparttar 136760 potential for back-end profits from related item sales?

  • Are we barking uprepparttar 136761 wrong tree? Should we cut our losses now and thank our luck stars that we were able to discover, inexpensively, that we were wrong? Whilerepparttar 136762 advantage of card decks as a market research tool outweighrepparttar 136763 disadvantages, there are some restrictions you need to be aware of:
    • 1. The card itself is small (about 3"x5") and as such restricts your ability to test such things as long copy and multiple option offers. Some decks provide larger format sizes withrepparttar 136764 ability to do fold-over inserts which provide more space, but these options are at a substantial premium in price. The small space can work to your advantage because it forces you to limit your testing to those factors that haverepparttar 136765 most profound affect on response and profitability...i.e. offer and price, for example.

    • 2. Color reproduction, if it is important to your product, is not alwaysrepparttar 136766 best. The conventional .007 Hi Bulk paper stock normally used in card decks is notrepparttar 136767 best choice for color printing. Most deck publishers, however, offer a coated stock option and you may find it useful.

    • 3. Response rates are,onrepparttar 136768 average, lower in card decks (1/4th of one percent to 1 percent) than they might be in a free standing direct mail package. Onrepparttar 136769 surface this may appear to be a disadvantage. In fact it is not.
    Your goal in market research/testing is to obtain statistically significant data acrossrepparttar 136770 broadest sampling possible...consistent with budgetary limits.

    Card decks allow you to achieve this goal, precisely. It's much better to have a 1/4th of 1% response from a 100,000 name universe (250 responses) than to have a 12.5% (250 responses) from a small 2,000 name test cell. Althoughrepparttar 136771 total numbers arerepparttar 136772 same,repparttar 136773 former example gives you a truer picture of market conditions and possible product/service acceptance.

    In summation, we have found that direct response card decks, if used properly, can be ideal market research tools. Card decks are inexpensive to use. They give quick accurate and projectable results. They reducerepparttar 136774 risk of sampling error, andrepparttar 136775 resulting data is both statistically significant and inherently more valid.

    There's only one way to know for sure...test it!

    Thom Reece is the CEO and Senior Consultant for On-Line Marketing Group... His website... On-Line Marketing Resource Center ...( www.e-comprofits.com ) is visited by thousands of internet marketers daily. Thom can be reached at: 808-929-7377, Fax: 808-929-8711, or by email at: thom@e-comprofits.com


  • HOW TO IDENTIFY AND TARGET PROFITABLE NICHE MARKETS...

    Written by Thom Reece


    Continued from page 1

    Also, don't be afraid to pick uprepparttar phone and call an existing advertiser or two and ask them howrepparttar 136759 publication pulls for them. Direct competitors will be reluctant to talk with you about this... but non-competitors will usually respond with some good information.

    Be alert torepparttar 136760 difference between "circulation" and "readership". Only make your advertising decisions onrepparttar 136761 basis of actual circulation. Readership is a figure that publications like to toss around to inflaterepparttar 136762 perceived importance and size of their audience. The only real measure worthy of your consideration is their "audited circulation".

    TESTING...

    Only test one niche publication at a time unless you have very sophisticated ad tracking available to you. Ifrepparttar 136763 niche is unresponsive to your offer in one publication...there is a very good chance that it will be unresponsive in allrepparttar 136764 other publications which address that niche. Refine your offer... and testrepparttar 136765 same publication again. If it failsrepparttar 136766 second time with a completely different offer... then you should move on to another niche.

    MAILING LISTS...

    Make sure that you inquire as to whether or notrepparttar 136767 publication will rent you their mailing list.

    Most will rent you a set of subscribers names for a one-time use. If you rent a set of names... do not attempt to copy and re-mail those names. The lists are seeded with trace names that will alertrepparttar 136768 publications of your re-use ofrepparttar 136769 names. It is a violation ofrepparttar 136770 use agreement and there is much case law to supportrepparttar 136771 claims ofrepparttar 136772 publication. If you are caught re-using one-time-use rental names you will be subject to fines and penalties by law.

    Names are usually available by specific "sorts" or "selects"... that is, you can select names by such variables as zip code, gender, title, etc. If you are mailingrepparttar 136773 Seasilver postcards to a niche market you may want to confine your original test mailing to zip codes which are close to your own... to make follow-up easier and less costly.

    Names which reflect paid subscribers are more responsive and of better quality than names which are "free controlled circulation" names... although in most trade publications you will find that "controlled circulation" (free) isrepparttar 136774 norm.

    Another way to approach logistics of direct mailing is to contact a "list broker" or "lettershop" in your local area and begin a relationship with a knowledgeable staff person. Define closely what you are looking for inrepparttar 136775 way of target audience andrepparttar 136776 broker will use seek out and present options to you to select from.

    You may want to subscribe to Target Marketing Magazine (FREE) . It is full of marketing resources, list brokers, and helpful articles that will educate and inform you onrepparttar 136777 field of direct marketing.

    Well, there you have it... a primer on targeting niche markets. The techniques described above will work to identify any niche. Targeting responsive niches will build your business quickly, profitably... and cost effectively!

    Thom Reece is the CEO of On-Line Marketing Group in Hawaii... His website Online Marketing Resource Center [www.e-comprofits.com] is visited by thousands of savvy internet marketers daily. Thom can be reached at: thom@e-comprofits.com, 808-929-7377, or Fax: 808-929-8711.


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