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Hub You - How to Create a 66% Chance to Increase Your Direct Mail Response Rate?
A Guide to Gumball Vending Machines for 28 responses.Gumball vending machines are among the oldest surviving types of vending machines. (An interesting side fact is that the first vending machine was a water dispenser in Egypt circa 100 B.C.) The first gumball machines were penny machines. You can still get those antiques, although they are That would give you a total of 1 + 2 + 4 + 28 = 35 responses, yielding an overall response rate of 3.5%. Now, let’s see what would happen if you send any of these letters randomly to all of your list without testing it first. If you How To Use Business Cards to Generate Leads Fast I guarantee you, if you ask 100 marketing professionals today about the most important thing you can do to maximize your direct mail sales, one answer would float to the top:Ever wondered how to get your business card pulling in leads really fast? Here's a couple of tested and proven tips you must know.It's interesting...why do people want to SPLASH THEIR NAME across the top of their business card?The answer is simple...ego.You should tre Testing, Testing, and Testing… But how do you test a direct sales or a fundraiser letter? This is how I’d do it: Have at least three different versions of the same letter and mail each to 10% of your total sample. Then select the letter that has the maximum response rate and mail it to the remaining 70% of your list. Doing so would give you a 66% chance of increasing your response rate. How? Let me explain. Let’s assume that you have A, B, and C versions of your basic letter. You mail each to 10% of your mailing list and you receive 1%, 2% and 4% response, respectively. If we assume that your total “sample population” consists of 1,000 names, this means you receive 1, 2 and 4 responses from each of your 10% mailings. I’d take the letter which rang up a 4% return rate (Letter C) and mail it to the remaining 700 addresses, for 28 responses. That would give you a total of 1 + 2 + 4 + 28 = 35 responses, yielding an overall response rate of 3.5%. Now, let’s see what would happen if you send any of these letters randomly to all of your list without testing it first. If you 5 Easy Things You Can Do To Become A Thought Leader - Without Blogging letter?Whether you are trying to drive traffic to your website, sell goods and services, land a plum job, or impress your boss, being a thought leader on a niche topic is the best approach. If you have a passion or interest, why not become recognized as a thought leader and monetize your intere This is how I’d do it: Have at least three different versions of the same letter and mail each to 10% of your total sample. Then select the letter that has the maximum response rate and mail it to the remaining 70% of your list. Doing so would give you a 66% chance of increasing your response rate. How? Let me explain. Let’s assume that you have A, B, and C versions of your basic letter. You mail each to 10% of your mailing list and you receive 1%, 2% and 4% response, respectively. If we assume that your total “sample population” consists of 1,000 names, this means you receive 1, 2 and 4 responses from each of your 10% mailings. I’d take the letter which rang up a 4% return rate (Letter C) and mail it to the remaining 700 addresses, for 28 responses. That would give you a total of 1 + 2 + 4 + 28 = 35 responses, yielding an overall response rate of 3.5%. Now, let’s see what would happen if you send any of these letters randomly to all of your list without testing it first. If you Creating Extreme Loyalty: Speaking of Motivation o would give you a 66% chance of increasing your response rate.What would it take to make you successful?Stockbrokers base their success on making their clients money. Or maybe not. The follow story is one of many similar tales I’ve heard from brokers over the years.Back in the early seventies, when the market was dropping faster How? Let me explain. Let’s assume that you have A, B, and C versions of your basic letter. You mail each to 10% of your mailing list and you receive 1%, 2% and 4% response, respectively. If we assume that your total “sample population” consists of 1,000 names, this means you receive 1, 2 and 4 responses from each of your 10% mailings. I’d take the letter which rang up a 4% return rate (Letter C) and mail it to the remaining 700 addresses, for 28 responses. That would give you a total of 1 + 2 + 4 + 28 = 35 responses, yielding an overall response rate of 3.5%. Now, let’s see what would happen if you send any of these letters randomly to all of your list without testing it first. If you It's Like A Jigsaw Puzzle A business, no matter whether a one person company or a multi-national conglomerate, is a complex assemblage of people, tasks, products, services, inventory, and equipment with many components or departments that together create a combined whole. The departments do not stand alone. Each If we assume that your total “sample population” consists of 1,000 names, this means you receive 1, 2 and 4 responses from each of your 10% mailings. I’d take the letter which rang up a 4% return rate (Letter C) and mail it to the remaining 700 addresses, for 28 responses. That would give you a total of 1 + 2 + 4 + 28 = 35 responses, yielding an overall response rate of 3.5%. Now, let’s see what would happen if you send any of these letters randomly to all of your list without testing it first. If you Finding A Nursery Job Online for 28 responses.Should you be looking for a nursery job and have found nothing suitable so far, it would be a brilliant idea to use the Internet as an employment means. Of course, you cannot always get hired just by browsing the Internet! Nevertheless, you can find numerous job opportunities just waiting That would give you a total of 1 + 2 + 4 + 28 = 35 responses, yielding an overall response rate of 3.5%. Now, let’s see what would happen if you send any of these letters randomly to all of your list without testing it first. If you send letter A, you’ll receive 10 responses. If you send letter B, you’ll receive 20 responses. And if you get real lucky and send letter C, you’ll receive 40 responses. Thus for 2 out 3, or 66% of the cases, your response rate will be LOWER than what you'll achieve by first testing all three letters on separate 10% samples. And that’s why I claim that testing the three different versions of your sales copy on three 10% samples would mean a 66% chance of increasing your response rate over the no-test case. The testing imperative becomes all the more important as more companies are marketing ever more specialized products to smaller niche segments of the population. Test, re-test, and prosper. ---------------------------------------------------- (385 words, Copyright May 2006 Ugur Akinci) by Ugur Akinci, Ph.D.
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