Archive for August, 2008

Gloves Off ~ Is analytics or creativity more important?

Tuesday, August 26th, 2008

The demands of the direct marketing industry require both out-of-the-box thinking and the capacity to review results and adjust spend.  Experts debate which to prioritize when recruiting new employees  

 

 

Contender ~ David Asseoff

Founder of Memolink.com more than 15 years of Internet marketing experience.

Most Marketers would agree that they live for measurable results.  But creativity is an intangible piece of the direct marketing puzzle.  Today’s marketing environment is very fast-paced, and others are quick to copycat.  Take a look at the social networking industry, for example. Everyone is scrambling to create their own network – we’ve seen MySpace, Facebook and now Google.

Out-of-the-box thinking and creative concepts get businesses noticed and recognized as innovators.  When recruiting employees for marketing positions, we strongly look for individuals willing to take risks.  Some of the most creative hires are from other positions or fields because they have a fresh perspective.  Internally, we build cross-functional teams for brainstorming marketing campaigns, knowledge sharing and open debate.  We’ve found that a deep understanding of all company product lines, promotions and campaigns usually translates to being more open about new ides and problem solving.

While analytics are great for influencing or making decisions, creativity is – and should be – at the root of all marketing campaigns.  The next generation of successful direct marketers will be individuals who are empowered to take risks, and are subsequently rewarded both financially (increased budgets) and with technical resources, after they’ve proven they are creative in their approach to growing the business.

 

Contender ~ Yael Yekutiel-Keren

Director of marketing and PR, Traffiq 10 years of direct marketing experience

Above any technical or creative skills, the most valuable marketer has the ability to understand the wider high-level business goals and marketing’s role in achieving them.

Executives at direct marketing companies must be able to segment and target audience demographics and analyze a campaign’s result on the fly and at the end of a campaign.  This requires more than straightforward math abilities – because of the wide array of easy-to-use data tracking and statistical tools; a good candidate is more of an analyst.

A good direct marketer will understand the kind of environment that his or her target lives and works in.  Based on that, he or she is able to create a message that the target can relate to and will act upon.  Common sense and sensitivity to the market are necessary for successful job candidates. These skills can be hones and grown with experience. 

I often see candidates come in with a detailed list of the reporting tools and technical skills that they have.  This is much less appealing than a demonstrated ability to think on one’s feet.  Training on a reporting tool is fairly standard and relatively cost-effective; therefore, it is not the mathematical ability to use the tools that is so powerful but instead the ability to apply them to the broader goals.  A direct marketer must be able to analyze the wider marketplace and understand ways that the product can reach new audiences.

 

~DMNews’ Decision ~

Asseoff and Yekuteil-Keren both note that there are certain innate qualities that successful marketers have.  Asseoff contends innovation is key, while Yekuteil-Keren promotes a “big-picture” view grounded in analytical common sense.  One might argue that both are required; however, true game-changing creativity is rare and should be celebrated and rewarded.

 

Harness the Power of the Written Word

Thursday, August 21st, 2008

Considering using direct mail to generate some hot leads and fill your pipeline?  Here are some suggestions for writing a sales letter that keeps the telephone ringing.

Humanize your letter.  Write it so that it sounds like you are having a one-on-one conversation with the prospect.

Use a personalized salutation.  With all the sophisticated software on the market, there is no reason why you can’t address a letter to an actual person, not a position. It may cost you a few pennies more per letter, but it is worth it.

Keep in mind the “Attention, Interest, Desire and Action” formula in writing your letter:

Attention:  Use a strong opening statement or headline to capture readers’ attention.  Develop a hook that grabs readers and prompts them to continue to read.

Interest:  Expand on the benefits promised in the headline.  Let prospective customers know why buying from you is in their best interest.  Include testimonials from satisfied customers.

Desire:  Appeal to readers’ emotions and their favorite radio station, “WIIFM” – What’s in it for me?  Keep in mind that desire is an emotion.

Action:  Create a sense or urgency in your letter and ask for action.  Tell readers what is expected of them.  For example, you can ask prospects to fax the letter back to you with a time and a date that is convenient for you to call.  If you’re presenting a special a special offer, set a time limit for 3response.  The idea is to say, “Do it NOW.”

Include a P.S.  People often read the end of a letter first (to see who sent it), so a P.S. can help catch their attention.

RV Vacations Remain Least Expensive

Tuesday, August 19th, 2008

RESTON, Virginia– Despite record-breaking fuel prices, typical RV trips remain the least expensive type of vacation, according to a new study comparing vacation costs.

PKF Consulting, an international consulting firm with expertise in travel and tourism, found that “typical RV family vacations are on average 27 to 61 percent less expensive than other types of vacations studied.”

Even factoring in RV ownership and fuel costs, the study reveals that RV family vacations tend to be significantly less expensive than other types of vacations.

“This study re-affirms what RVers have long known, that RV vacations deliver greater economic value compared to other types of vacations,” says Richard Coon, president of the Recreation Vehicle Industry Association (RVIA). “RV vacations continue to be the most affordable way for a family to travel because of the tremendous savings on air, hotel and restaurant costs. And these savings offset the cost of fuel.”

PKF analyzed major costs that would be incurred by a family of four taking eight different types of vacations for three, seven, 10 or 14 days to such popular travel destinations as the Grand Canyon, Cape Cod, and Napa, Calif.

“On average, RV vacations were more economical than the other types analyzed in all but one case,” says Kannan Sankaran, PKF’s lead researcher for the study. “Even as fuel prices increase, our findings show that almost all RV vacations are still significantly less expensive than non-RV ones.”

Fuel prices would have to more than double for typical motorhome vacations to become more expensive than other forms of travel, according to PKF Consulting. The study also shows that fuel costs would have to more than triple for trips in lightweight travel trailers or folding camping trailers to be more expensive than the least expensive non-RV vacation. Almost 80 percent of the RV market consists of towable RVs, including lightweight units which can be towed by car, van or pickup.

RV owner John Bargo, a computer operator from Milwaukee, Wisc., agrees with PKF’s findings. “When you figure the cost of driving in a car, staying in hotels and eating in restaurants, it’s a lot more expensive than bringing your lodging and food with you.”

Dennis Silipena, a 55-year-old service and parts manager from Hammonton, N.J., also appreciates the affordability of RV travel. “I’ve owned an RV for 25 years and I’ve enjoyed significant savings over other types of vacations. I pay $30 to $40 to stay in a campground rather than $150 to stay in a hotel. And it’s a much nicer experience staying in my RV.”

The study showed that a family of four traveling from Phoenix, Ariz. to Napa, Calif., with their folding camping trailer for 10 days, staying in campgrounds at the local average of $33 per night, would save 52 percent, or $2,379, over the same trip taken by car, staying in hotels averaging $122 per night and eating in restaurants. Taking the same vacation by a Type C motorhome would save $1704, or 37 percent, over going by car.

A week-long family vacation towing a conventional travel trailer from Salt Lake City to the Grand Canyon compared to the cost of taking the same trip by airline, renting a car and staying in a hotel would be $2,647, or 65 percent less expensive.

Shorter getaways by RVs were also found to be more economical. For example, a family taking a three-day vacation from Pittsburgh, Pa. to Lancaster, Pa., would save $323 or 31 percent by towing a conventional travel trailer, rather than going by car, staying in hotels and eating in restaurants. The savings would be even greater — $889 or 52 percent — for families taking the same trip by a Type C motorhome rather than flying.

Among the RV vacations analyzed by PKF, even those taken in an ultra-luxury Type A diesel motorhome were less expensive than flying and staying in a hotel. Only a family taking a vacation by personal car with hotel or renting a condo and cooking for themselves would cost less than a family taking a trip in a Type A motorhome. “Owners say the added space, comfort and convenience while traveling justify the investment in a Type A,” noted Coon.

In addition to major expenditures required from the start to finish of each vacation, PKF factored in an estimated cost of ownership of the RVs analyzed: a folding camping trailer, conventional travel trailer, and Type C and Type A motorhomes. Research included documenting average ownership periods, residual values, annual days of use, insurance and applicable interest deductions.

“RV vacations are a great way for families to spend time together and bond,” said Coon. “Whether it’s in a luxury motorhome or a basic folding camping trailer, RV vacations offer value that lasts a lifetime.”

The PKF study considered only quantifiable economic factors, not the comparative quality of each vacation. As a result, the convenience, flexibility and quality family time cited as major benefits of traveling in an RV could not be addressed.

Illegally Parked RVs Top Code Complaints in California Community

Monday, August 18th, 2008

MANTECA, Calif. — Thirty-two of the 41 complaints relating to code enforcement in Manteca in the first five days of June were related to illegally parked recreational vehicles and trailers.

That’s what the city’s lone code enforcement officer Greg Baird — who describes himself as the most hated man in Manteca — told Rotarians at their noon luncheon on Thursday.

The code enforcement officer said there is a divided camp among residents. There are those who want to show off their vehicles and others who don’t want their street to look like an RV storage yard.

“No one is happy when you go out on a call” he said of the parking restrictions. That is, until you tell one party, “You can’t do that any more.” Then the person complaining is satisfied.

Nothing can be in the front yard set back - that’s usually 20 feet. Once you get beyond that 20 feet residents are allowed to have one RV on the property.

He said there is a proposed new regulation that RVs will have to have a three foot clearance from the house as well as three feet from the fence. If that goes through it will inhibit the parking of large vehicles in the side yards of homes, he noted.

The proposed ordinance may require any recreational vehicles to be parked on a paved surface eliminating storing anything on grass.

Baird said he deals chiefly with code violations and the 700 pages of rules and regulations that he has to enforce. He said that staff has now recommended the City Council hiring a second officer to monitor code violations in the city using redevelopment agency funds in the upcoming budget cycle.

Power Rainmaking Techniques

Friday, August 8th, 2008

Increase Your Business Profits

Effective business development can be a daunting task.  It’s time consuming.  It takes away from regular activities and often requires too mush time.  Businesses owners are often not experts at business development.  So they risk valuable time and money.  But, as the adage goes, if you don’t grow your business, chances are your business won’t grow.

Businesses let the fundamentals of development slip to the back burner in favor of other activities.  While the following is but a short list of effective tools, try incorporating some of these basic rainmaking strategies into your business day and watch your profits soar.

Referrals

Referral programs are developed to grow organically by using an existing customer base.  Rewarding your customers with an incentive for sending new business your way can be an incredible source of new revenue, but most businesses have a passive, unmanaged referral program.  Build a consistent and well defined program and execute it with the understanding that it often costs less money to “sell” to a customer that doesn’t need selling to, than it does to a customer that has never heard of you.

Networking

For many business owners, networking can be the “Holy Grail” of rainmaking strategies.  It involves defining possible contacts, determining your purpose, developing a plan of action, and committing the time and energy necessary to produce results.  By constantly reaching out and nurturing existing relationships and establishing new ones, you can position your self in a stream of opportunities, resources, information and contacts that will pay dividends for years to come

Loyalty

Loyalty programs are used when a businesses already has a solid customer base, but wants to ensure they remain happy and loyal customers.  However, nut it needs to be managed and accountable.  Build a loyalty program tailored to your ideal customer.  Make it meaningful.  It can include anything from rewards, thank-you notes or complimentary add-ons that your customers think have value.

Events

Hosting or attending an event can be costly and time-consuming, yet an excellent way to raise profile awareness about your business within a target group, but head into this one with very clear and realistic objectives and goals and devise ways of measuring results.  Consider hosting a workshop and invite prospective customers for a one-hour class that explains or teaches something of relevance. 

Connections

Often, business owners just need a few of the right connections to make significant progress in their business.  Develop a “wish list” of influential contacts – the 100 top professionals – that could truly affect your business, whether they’re potential customers, colleagues or even competitors.  Rank those contacts and find time every day to make a connection.  As with networking, a consistent connections program will lift any business to new heights over time. 

Business rainmaking can include a myriad of other action strategies, including clear branding, effective advertising techniques, streamlined sales systems and experiential marketing and, while intimidating, is not rocket science.  Consider outsourcing to professionals for best results.  Short of that, formulate a plan with realistic goals and stick with it.  The effort will be well worth the time and energy and will pay great dividends in return.

Las Vegas, Nevada Joins Annual Celebration of World Tourism Day on Saturday

Thursday, August 7th, 2008

August 5, 2008 – Las Vegas, Nevada joins destinations worldwide in recognition of World Tourism Day, an event held each year on September 27.  Sanctioned by the U.N. World Tourism Organization (UNWTO), the event provides an opportunity to look beyond borders and celebrate the unique opportunities created by travel and tourism.

In today’s dynamic global marketplace, RV rentals are a vital part of the Travel/Tourism industry.  Emerging from one of the strongest decades in recent history, the tremendous growth of the RV rental industry can be attributed to the “Baby Boomers’ ages (55-64).  Baby Boomers have an expected growth factor of 48% through 2010.  That’s more than 5 times the expected total population growth of 95.  The potential for RV rentals, as well as purchases, has never been higher.

“The desire to visit famous travel destinations brings millions of multinational tourists to America every year.  The rental of RV’s offers more freedom, control, and flexibility than any other travel option.” says Sandra Bate, President/CEO of Bates International Motor Home Rental Systems, Inc.  “International Tour Operators with their massive client databases are a vital force in the RV rental market.  The North American demographic profile of rental customers encompasses an expanding range of lifestyles.” says Bates.  Bates is an International Motor home rental franchise system; with locations throughout North America.  The company has its headquarters in Las Vegas, Nevada.

Travel and tourism benefit society in countless ways.  It is one of the United States’ largest industries, directly employing 7.5 million people and generating tax revenues of about $110 billion.  It ranks fifth among 20 major private industry sectors, according to the Travel Industry Association.  Travel expenditures within the U.S. total $740 billion.  The UNWTO estimates that international tourism arrivals reached close to 900 million in 2007, up 10 percent from 2006, according to the Office of Travel and Tourism Industries at the U.S. Department of Commerce.

Activities surrounding World Tourism Day in the United States are coordinated by the Travel Industry Association, a Washington-based trade association that represents the common interests and concerns of travel in America.

Power Tips

Thursday, August 7th, 2008

How do you respond when someone asks you, “What do you do?” If you’re like most people, when someone asks you that question you just wing it or improvise.  Yet, a carefully worded and well-delivered personal description of exactly what you do for a living is an opportunity to move relationships forward.

Know Your Personal Commercial

Stephan Schiffman, in his book Make It Happen Before Lunch (Mcgraw-Hill, 2000), offers three helpful points to consider when developing your personal commercial.

     1.  Is your personal commercial short enough to deliver comfortably in a social setting in 30 secondsor less?  (Be prepared to rewrite and revise your commercial until it sounds natural.)

     2.  Is your commercial casual enough to be delivered conversationally – not as a “hard sell” sales pitch?  (Remember, you’re talking only about that which you do, not about what you feel you could do for the person you’re talking to.)

     3.  Does your commercial focus specifically on how you add value to other people’s days?  (Think about the problems that would arise during the day if you didn’t do what you do, and ask yourself how people benefit from actions you undertake.)

Practice your personal commercial until you can recite it instantly upon being awakened from a deep sleep.  It has to come across naturally, seem spontaneous, and above all, be true, explaining exactly what you do during the day without apology or hesitation.

Your biography must be brief, casual and conversational and focus on what you personally do to add value…and it must be delivered with a smile.

Stephan Schiffman is president of D.E.I. Management Group.  For information, call 1-800-224-2140 or go to www.dei-sales.com.

Challenge Paperwork

The most precious asset we possess, not only in sales but also in life, is time.  Few would argue with that.  Or that one of the great squanderers of time is excessive or unnecessary paperwork.  Top-earning pros agree that periodically challenging paperwork cannot help but boost sales volume.  Here are key thoughts to take with you.

     1.  Letter, memo, report, whatever – if it’s delegable, palm it off.

     2.  If you’re not sure it’s worthwhile, eliminate it.  At least try it and see if it makes a difference.

     3.  Block out specific times of the day or week to do paperwork.  It gets done faster and more efficiently that way.

     4.  Be sure every chore you handle has a bottom-line goal.

     5.  Before composing a letter or memo, ask yourself, “Can it be done faster and cheaper by email?”

     6.  Assign a clerical person to screen incoming mail.

     7.  Separate routine from unusual correspondence.  Try to avoid reading mail more than once.

Think Big

Successful people believe in themselves.  They visualize themselves as being successful, and they never let failure or adversity stop them.  If you can see yourself accomplishing something, you can accomplish it!  Your actions, thoughts and even the way others perceive you is determined in large part by how you perceive yourself in your subconscious mind.  So before every sale, visualize yourself…

     1.  Hitting it off with the person that you are meeting.

     2.  Coming across as being knowledgeable and informative, and

     3.  Getting the sale!

Remember, you will rarely ever exceed your own expectations of yourself, so it is important that you visualize yourself achieving success.

“Green” RV Care Products

Wednesday, August 6th, 2008

ANN ARBOR, Mich. – Responding to customer demand for more environmentally-friendly products, Thetford Corporation is using new vegetable-based detergents in its RV-care product line.

The company is replacing petroleum-based detergents with corn-based cleansers in more than 10 popular products. The new cleaning products are equal in performance to petroleum-based cleaning agents, but are milder to the skin and derived from renewable resources.

“RV owners are becoming more and more environmentally conscious and we’ve seen a tremendous increase in demand for ‘green’ products as a result,” said Mary Burrows, Thetford’s manager of chemical development. “At Thetford, we are committed to providing our customers with high-quality cleaning agents that contain a favorable environmental profile.”

Thetford’s new Premium RV Care products contain wetting agents made entirely from corn. Developed at the company’s research laboratories in Ann Arbor, the new cleansers are 100 percent biodegradable and are derived from 100 percent renewable resources. In addition, Thetford care-product containers are made with 25 percent post-consumer recycled high-density polyethylene (HDPE) and are recyclable.

Led by Burrows, the development of Thetford’s corn-based products took approximately one year to complete. Formulas were compared and ranked for performance, safety and biodegradability. Only the top-scoring versions were selected for production.

“As petroleum costs continue to rise, we are seeing even more interest in developing products from alternative resources,” noted Burrows. “With our bio-based products, Thetford plans to be on the forefront of this new market.”
“Green” products currently in Thetford’s Premium RV Care line include: Premium Awning Cleaner, Premium UltraFoam™ Awning Cleaner, Premium Rubber Roof Cleaner and Premium Wash & Wax. Burrows notes that the company hopes to incorporate an environmentally-friendly base into its other Premium RV Care products over the next six to 12 months.

Small Growth Business

Friday, August 1st, 2008

You know the expression “good things come in small packages.”  The same sentiment can apply to small businesses too.  Entrepreneurs don’t have to set their sights on building a mega-million-dollar business to enjoy a highly satisfying and lucrative entrepreneurial career.

Financially speaking, research has shown that small-business owners enjoy an average net worth that is three times that of their salaried counterparts.  Business owners also tend to out-perform salaried employees in terms of higher annual incomes, savings, and stock portfolios.

Parents, college career counselors, and students should also take note that women are more likely to achieve $100,000-plus annual incomes faster through business ownership than average professional careers in law or medicine.

Even though business ownership offers considerable potential for financial reward, entrepreneurs still talk to me about their overriding desire to control their work destiny.  They don’t want to work 18-hour days or feel chained to inflexible schedules that conflict with family and leisure interests.  Their attraction to business ownership is more about creative pursuits and career flexibility than monetary gain.