By Marianna Morello
With more than 30 years of experience in the print media arena, I can confess that 2009 has been a bit of a shocking year, to say the least. Rates for print media have fallen to their lowest levels in 15 years. I am buying opportunistic remnant buys at costs-per-thousand (CPM) that range from $1.25 to $8.00 for publications that would have never offered this in the past.
What does all of this add up to? A buying opportunity for anyone smart enough to get into the print media world. A number of clients have been bitten by the print media bug. They are reaping incredible returns-on-investment, with some reaching media efficiency ratios (MER) of 5.5 and better.
As we are all aware, the stock market and banks are not the places to invest your money right now. If you believe in your product, create a print ad and test the waters. Now is the time to dive in and see your profits grow. Print can give you a better ROI when you consider all the alternatives.
The DRTV industry has always felt that print ads do not pay out. On the contrary, during the economic crisis, print media is the cheapest way to invest money into your product or service, with as little as $3,000-5,000 enough to test a newly developed print campaign.
Remember one thing: you can always use another revenue stream, and print is a stream that keeps on flowing. Even after your short-form campaign or infomercial is off the air, your print ad will keep on returning responses for weeks and months to come.
Need more reasons to try print media? Here are nine reasons (courtesy of Magazine Publishers Association studies from 2007 and 2008) to give it a shot.- READ THE ARTICLE: Why Print Media — and Why Now?
By Todd Gelman
In today’s online environment, virtually everyone you speak with will tell you about all the different ways that you can drive traffic to your Direct Response website. Search Engine Marketing, display ads, email marketing, text ads, and of course social media are all ways to get more visitors to your site. It’s difficult to pick up a direct response industry magazine these days without finding an article that tells you as such.
But what about the other side of the equation? The other side that I’m referring to is a site’s conversion rate. Conversion rate measures the percentage of your site visitors that actually pull out their credit cards and buy your product. After all, what good is driving traffic to your site if the visitors who come don’t make a purchase? Most direct response marketers virtually ignore this notion. Rather than focusing on how they can increase their conversion rate by 20%-30% and generate additional dollars that go straight to the bottom line, their only web related concern is how they can get more Internet traffic. As such, they simply put up a simple landing page that is essentially an afterthought. This is surprising to see – given that this shoestring approach is probably costing them tens of thousands of dollars a month in lost revenue.
Here are some tips to ensure you maximize your odds at having higher conversion rates and increase your website’s contribution to your overall MER:- READ THE ARTICLE: Do you treat your website as an afterthought?
By Rick Petry
Testimonials, a staple of direct response advertising, may be a tried-and-true tactic for arresting consumer attention and eliciting response, but they must be handled deftly to avoid cliché and audience cynicism. So how does a marketer ensure they get it right? The following tips are designed to help assist you in avoiding the pitfalls and getting the testimonial mix right:
Look for Quality, Not Quantity: While many infomercials will feature quick sound bites of various consumers singing their product’s praise along the lines of, “It’s great!” “I love it!” “It changed my life!”, 20 years of focus group experience suggests that nothing tanks interest nor invites skepticism more than this tactic. One reason may be that the approach has been so overused that audiences simply consider these sequences one big unbelievable yawn. There’s a real distinction between someone who is an evangelist for a brand and someone who is merely satisfied. The best kind of brand evangelist is also a natural born influencer – it’s that ebullient force of nature we all know who freely extols the virtues of a product to all of their friends and inspires them to follow suit. This is the sort of testimonial you’ll ideally have in your marketing arsenal, but you must allow them time to breath and tell their story.
At the Same Time, You May Need Quantity: It’s easy to say, “Hey, go round up some brand evangelists,” but while you can try and screen for them, until you turn on that camera, you won’t know exactly what you’ve got. One very successful direct marketer suggested that a 10 to 1 ratio was required to cull out a broadcast-worthy testimonial! Those are pretty daunting numbers, but then when you consider the failure rate of DRTV programs, you have to ask yourself, “Do you want to solve this problem in pre-production or deal with it once the camera is rolling?” That brings us to…
Don’t Rush the Process: One of the biggest mistakes we’ve observed is this: the marketer says, “Testimonials? No problem! We get letters…” then proceeds to truncate the amount of time required to identify and line up great testimonials. Concurrently, the production train gets rolling until it runs head on into what one head of production wryly observed are the three most expensive words in commercial production – “Client will provide.” The entire process turns into a compromised, muddled mess with not only less than ideal testimonials, but fewer of them to choose from in the edit suite. Which is one reason you might want to consider this: - READ THE ARTICLE: Tips for Getting Great Testimonials
By Joey Hastie
There are a number of ways to obtain your ROI goals using the available DR outlets. The question you should consider is, "Am I effectively buying the opportunities that are available to me?" The market is an evolving place and currently a majority of the DR efforts are focused on Television. Of course, this makes perfect sense. This has been the formula that has created a multi billion dollar industry for years. But the digital world is progressive and these changes have sparked an assortment of new opportunities for marketers to take advantage of. Targeting specific demographics becomes more and more of a fragmented process because consumers are accessing media in non-traditional ways. Advertisers using the old model of "broad" casting are finding that obtaining their ROI goals are becoming increasingly challenging.
Why the struggle? What is the stigma behind steering away from the tried and true DR TV campaigns that we are so comfortable with? The obvious answer is fear of the unknown. What advertiser is going to risk failure on a platform they have no background on when the DR TV formula has proved itself time and time again? The reality of the situation is that consumers are rapidly gravitating towards new technologies. DVR's computers, portable music players, and advanced cell phones are now affordable and accessible to most demographic groups. If you were to survey your close friends and family, it is likely that you would find that a majority of them have an mp3 player, messaging cell phone, and minimum of one DVR.- READ THE ARTICLE: Marketing DR Across Platforms
