Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

Three more direct mail mistakes to avoid

X
Your article was successfully shared with the contacts you provided.

Have you bought into the direct mail confusion? It is the most frustrating marketing, or the most lucrative, if you know what you are doing. Here are three things not to do.

1) The mailing is written to the wrong person in the wrong way. Often a mailing is written from the writer’s point of view. For every “I” there should be five “yous.” Also, your letter should be directed to the prospect you want to reach. You wouldn’t want to send a mutual fund mailing to those whose fund company was shut down by the SEC. But what a good time to solicit for all those who are heavily invested in bonds and are seeing their yields take a hit.

2) You sent only one mailing and didn’t test it ahead of time. Rarely does a solicitation pull the first time. They need to be constantly tinkered with. Unless you have money to burn in learning what not to do, then test, test, test. If your mailing list contains 1,000 prospects test 50 first. If you get no response, change the offer and try again. There are no bad mailings, there are only inexperienced advertisers.

3) You forgot that your existing clients are your best source of new business. My mother once said that she enjoyed my newsletter because she received it more often than my phone calls. If your current clients know that you are out there, and more importantly, know how to contact you, you’ll get more business.

You also need to inform your staff of a mailing and that they will be getting phone calls. Direct mail is quickly becoming not only an important way to market yourself, it is becoming expected. If you are not already proficient, you had better get there. A high response rate will not come from luck. It will come from experience and skill.

Sign up for The Lead and get a new tip in your inbox every day!

More tips:


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.