You Can’t Sell Without The Right List
As a matter of fact, direct mail marketers pay not enough
attention to the mailing lists. The list is actually far more
important than the letter itself. The list is the most important of all element of your email
marketing campaign. A poorly written newsletter can work to a good
list. On the contrary, a fantastic newsletter will never work to the
wrong list.
The list is not only a way to reach your market, but is your market
itself.
Lists For Prospecting
You should focus your attention on the lists you can rent. There are
more than 30,000 lists containing about one billion names available
for rental. We are almost sure, that everybody receives a lot of
mail every day from businesses, charities, political causes, and
candidates. There is a simple explanation. Your email, and most
likely your name and address are rented by list owners, list
managers, and list brokers. Your personal data was sold or rented,
because you probably bought something via the mail. If you’re on a
mailing list, it’s almost impossible to get off. Your data was sold
or rented to dozens of organizations and businesses. In order to get
off the list you have to not buy anything via the Internet, not
subscribe to any magazines not use your credit card, and not fill
out any forms.
In the direct mail business you typically do not buy a mailing list.
You rent a list for a one-time use. If you want to mail to the list
again, you must rent it again. The name is now yours and you are
free to continue to send letters to that person without renting that
name again. But you are not permitted to continue to mail letters to
those who do not respond to your prospect appeal unless you rent the
list again.
What you want are buyers who have bought a lot of what you are
selling—multi-buyers. And you want buyers who have bought something
recently, within the last six or 12 months. You might need to pay
more for these premium names, but it will almost always be worth it.
I would much rather pay more for names that I know will be good than
less for names that I’m unsure of. The more recent the purchase, the
better the prospect.
This is an important point, worth underscoring, because it’s
counterintuitive. You might think these would be the weakest
prospects on the assumption that these buyers might be tapped out
since they just bought. But these recent hotline frequent buyers
are, by far, the most likely to answer your letter with an order.
Those who have not bought anything for a long time are weak
prospects. Once you build a sizeable customer list, you’ll then have
some clout to start negotiating name-exchange agreements with
marketers who sell similar products, and this can help you save
money on list rental fees. A name exchange is when you allow one
marketer to mail to your list of buyers in exchange for that
organization or business letting you mails its list of buyers.