Welcome to this month's issue of 1:1 eMessenger. I hope you find it useful and as always feel free to call me at any time.

Regards,

Jere Gill
Jere@lakelitho.com

Customer Database

Gathering Information and Building an Effective Database is a Step-by-Step Process That’s Well Worth the Effort

First, it won’t be a surprise to anyone to say that developing and working with databases is one of the greatest challenges to success with 1:1 printing. And yet, we hear about companies—even small and mid-sized companies—having great success. What’s their secret? There isn’t one. Success is merely a function of good old-fashioned legwork. If you want to have a great database, you have to create one. It just takes commitment and planning.
There are five primary ways to create great customer databases:

1. Work with your in-house customer database.
Many companies have in-house customer databases populated with all sorts of data, but these databases often aren’t usable for 1:1 marketing at the outset. In order to make them useful, you must take a number of steps first. You must locate the appropriate databases within the organization. That data must be merged into a new and unified database and cleansed and updated, if necessary. It must also be separated into the appropriate fields, if it isn’t already. A database set up with “Mr. John Smith” as a single field won’t work when you want to personalize by first name. This can be a time-consuming proposition, but gold when it’s finished. You can easily update and tweak the new database as you develop and refine your programs.

2. Work with in-house mailing lists.
Even if they don’t track anything else about their customers, many companies have basic mailing lists. You might not think this is much to work with, but it is a terrific place to start because these customers have already done business with you, giving your company instant (hopefully positive) name recognition. This is a valuable starting point that even the best mailing list can’t provide.
Once you have this list cleaned up and ready to work with, you can begin prospecting. Do preliminary mailings or surveys to learn more about these customers, their needs, and their preferences. Build what you learn back into your database to refine your campaigns in the future.

3. Buy a mailing list.
If you don’t have an in-house list, even a mailing list, you can rent or purchase lists sliced and diced by any demographic you desire—age, income, marital status, number of children, occupation, ZIP code, hobbies. Even if the list was a one-time rental, once you get responses back, those responses belong to you. This gives you a pre-qualified list of prospects from which to begin building
a relationship.

4. Append an existing database.
Maybe you have an in-house mailing list, but you want to find out more about your customers before you start your prospecting. Perhaps you want to divide them out by salary or occupation. You can purchase just the information you need and merge it with your existing database, giving you a more well-rounded data set.

5. Get creative with the Internet.
There are lots of ways to prospect beyond mailing lists. Set up a free registration on your Web site. Use surveys to learn more about your visitors. Set up a sweepstakes to drive traffic. Utilize personal URLs (each person visits his or her own landing page, populated with his or her personal information) or other tools to motivate responses, implement surveys, and track behavior.

Certainly, these don’t exhaust the opportunities to build your database. There are a lot of ways to do it, and the right solution will vary with each company. Though it might seem daunting, the end result can be powerful if you take it in small bites. When you look back, you’ll be amazed at what a little extra effort and attention to data gathering can do.

Jere Gill
Jere@lakelitho.com
703-926-9831

Money Saver Tips

One common concern we hear from clients is that the ‘cost per piece' for digital printing is higher than it is for traditional offset printing.

You take the total cost of an offset print job, divide it by the quantity you order, and you have the cost per piece. Right? Well, not exactly.

Industry data confirms that 25% to 30% of traditional printed collaterals never make it to the intended audience. Eventually they end up being tossed in the dumpster because the information is out dated.

So what's the real cost per piece at 25% waste?

Let's do the math: Your organization prints 5,000 collateral pieces for $2,000. Cost per piece is 40 cents each. But you now know that on average, 25% or 1,250 of these collaterals will never arrive at your customer or member. So if you divide $2,000 now by 3,750 –the actual used amount- the actual cost per piece is 53 cents each.

At that actual cost per piece, utilizing a digital press & printing exactly what is needed now would have been less expensive.

Digital is not for every application, but it offers a lower price point at lower quantities, has the ability to add variable data to your collaterals, and you can customize & version your pieces.

These factors can result in maintaining your current clients, gaining new ones, and growing your business.

Contact me if you would like my help with any existing or upcoming projects.


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1:1 eMessenger


Lake Litho Printing and Marketing Services
10371 Central Park Drive, Manassas, VA 20110    Phone: 703.631.1952
www.lakelitho.com