If you could attract and retain more major clients or donors, would that be of interest to you? If you had a way to quantify the traits and preferences of your top clients or donors in a way that helped you find more of the same, would you want to learn more? I suspect your answer to both of these questions is a resounding “yes!”
Target prospects with the most potential
You’ve heard it said, when it comes to direct marketing or fundraising, data is king. Some would argue that “content” is king, and while content is the stuff that brands are made of, if you’re not speaking to the right audience in the first place, your otherwise engagingly great content is falling on deaf ears.
The success of your marketing or fundraising campaign depends in large part on your ability to understand who your current clients or donors are. The Pareto Principle, best known as the 80/20 Rule, tells us that 80% of our sales or donations typically come from 20% of our clients or donors. If this rings true for your company or organization, does it stand to reason that if you could somehow clone your biggest and best clients or donors you’d increase revenue? The more you can zero in on prospects based on what you already know about our current clients, the better the return on your marketing or fundraising campaign investment.
Be smart about profiling your clients
So how do you go about increasing your knowledge of your existing clients or donors to improve your ability to target new prospects? Using the latest in intelligent data mining technology, one of the best methods is to apply a Demographic Overlay on your database or mailing list.
Working in partnership with Paw Print & Mail and our experienced list broker, and applying their standard Demographic Overlay package, we can append up to 21 demographic elements to your mailing list/database records. This information allows us to create a profile of your best clients. You are then able to leverage this information when making marketing decisions or procuring a new prospect or acquisition list rental for your next direct mail and direct response marketing or fundraising campaigns. Using a profile to target your list selections can result in increased response rates, and decreased mailing costs.
- Get insight into common demographic characteristics of your clients and prospects
- Identify traits of your best clients
- Flexibility – append individual or multiple demographic selects and choose to match your files on name and address, or address alone
Some common demographic elements include: Date of Birth (Month and Year), estimated age (in ranges), current home value, dwelling type, fundraising contributor, gender, owner/renter, estimated household income, length of residence, mail order buyers, marital status, median income, children in home, pet owners, gardeners, outdoor enthusiasts, travelers, etc. Typical match rates range from 50 to 70 percent; however this varies based on the quality and accuracy of your house mailing list. Additional elements are also available. Please contact us to discuss your specific project.
Increase your Campaign ROI
Our response-based modeling will deliver reports on your prospects that have the highest probability to make purchases or respond. This intelligent system can compare two groups of data, such as responders and non-responders, renewals and cancels, donors or lapsed donors, or paid and unpaid. By profiling two unique groups, our modeling solutions uncover the highest probability responders, thus dramatically increasing ROI.
Acting on your client preferences
Understanding what makes your clients unique on a key activity like response, renewal, or payment can give your company or organization a competitive advantage. Our comprehensive report helps you learn what motivates your clients or donors and our consultative session gives you insight on how to increase response rates.
Contact us anytime to learn more or to take the next step toward improving your direct marketing results.