November 2002
WHEN THERE'S NO PERFECT LIST FOR YOUR AUDIENCE
We met with a client recently that manufactures and sells a line
of chemical and gas detection equipment. They belong to a category
of companies whose target audience is neither horizontal (decision-makers
can be anyone from safety engineers to plant managers to industrial
hygienists) nor vertical (customers range from the federal government
to mining companies to fire departments).
Since there's no "Gas Detection Monthly" or similar publication on
the market, the client advertises and promotes their product line
through a range of trade magazines and associated mailing lists.
Predictably, since only a small subset of the readership of those
publications has an interest in gas detection, response rates and
ROI are poor.
Our recommendation was to embark on a strategy whereby the client
would build their own list, over time, of individuals with an
ongoing interest in news, trends, regulations, and technology
related to chemical and gas detection. The company already published
a quarterly newsletter (in PDF format), but did little to promote
it (it wasn't even mentioned on their home page).
The strategy centered on promoting the newsletter heavily in ads,
direct mail, and online advertising. We also recommended converting
the publication to an HTML format to eliminate the need for a large
attachment and therefore increase open, response, and pass-along
rates. (A large part of the value of e-mail newsletters is
their "viral" nature and their ability to penetrate key accounts
and attract potential prospects that may not be accessible through
third-party lists.)
Experience with other clients tells us that using an e-mail newsletter
as the primary offer in such a campaign can increase response
substantially, because it attracts not only those potential customers
with an immediate need, but also more long term prospects with an
ongoing interest in your product or service. It can also serve to
dramatically reduce media costs by eliminating the need to constantly
re-rent new names from third party sources.