Thursday, August 09, 2007

TRACK EVERYTHING!! The Key to Long-term Success.

Marketing communications generally serve four purposes: they

  • sell something;
  • ask for something;
  • provide information;
  • build brand.
Strategic Relevancy Marketing creates a fifth purpose: to gather information. In the absence of ample data about your recipient, you can use Relevancy Marketing to gather it.

There is a sage piece of sales advice I always tried to follow when I was in sales; "ABC; Always be closing." In marketing communications you should be prepared to always be testing. Track everything, and track it on the recipient level as well as the project level. Tracking on the recipient level provides information about the recipient. Of course, this will only work if you are communicating in a campaign, not a one-off basis. What is the recipient responding to? Is it a postcard or a newsletter? Is it an offer for an up sell, or something new? Are they asking for free information, and what is it about?

You have to create your communications with asking these things in mind. If, you send out a newsletter, some of the primary articles may require going to your website for more information. And if you do that, you probably want to require a password (specific to the recipient) to get it. You could also do this with a microsite and email delivery of the content. If you are communicating with a smaller group, you may want them to call, then, write down who called and what they wanted. Track everything.

After a few months of communicating and tracking, you will begin to have data that is very useful. Some recipients may not respond at all, downgrade them to a quarterly postcard just to stay in touch (or drop them altogether). Those recipients that respond the most frequently, get more specific offers, and may telephone follow-up. You have their attention, and more importantly, they trust you, you have credibility with them. You might even have enough information to do a kind of RFM analysis (recency, frequency, monetary).

So whatever you do, always be testing. And, always be gathering info. TRACK EVERYTHING!

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