August
2000
USING A NEWSLETTER
AS YOUR OFFER
A dot com client of ours offers insurance brokers an
easy way to find and place so-called "specialty" policies,
the type of policy not typically available through a
broker's usual insurance company. Brokers and agents
can log on to the site, find a company that offers the
type of policy they're looking for, request quotes and
complete the transaction, all online.
In a recent direct mail campaign launching the site,
we conducted a number of tests, one of which was the
following:
One segment of the audience received a mailer that promoted
the site itself - ease of use, flexibility, speed, etc.
The remaining names received a mailer that promoted
a free e-mail newsletter - industry developments,
special offers, selling tips, etc. Both mailers used
free registration as the call to action. The newsletter
offer generated 14 percent higher response. Why? Because
the typical broker doesn't have a need for a specialty
policy every day. By promoting the site itself, we were
likely to capture leads only from those brokers who
perceived either an immediate or impending need. By
promoting the newsletter, we captured leads from that
same group and in addition those brokers who anticipated
a future need.
No matter what your product or service - travel
tickets, IT consulting services, sales automation software -
it's likely that only a small segment of your target
audience has a need for what you're selling at any given
time. By focusing your marketing campaign on the product,
you're relying on not only reaching the right person,
but the right person at the right time. By offering
a newsletter, you can capture leads from a much larger
audience, and then use the newsletter to "stay in front"
of those prospects (at a much lower cost) until they
have a need for your product