How Effective Are Direct Mail Campaigns?
The most effective direct mail campaigns are those that build a relationship with customers. These are not as focused on reaching a specific number of sales, but rather on building a relationship over time. This requires a high-quality direct mail campaign. There are several factors to consider when planning a direct mail campaign.
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High response rates
High response rates for direct mail campaigns are possible with a few basic tactics. Firstly, a direct mail campaign should be designed holistically. Tracking direct mail responses used to be virtually impossible, but thanks to digital advances, this is now much easier. For example, you can use QR codes to send recipients to a specific website or app page.
Direct mail remains the most effective form of direct marketing, with an average response rate of 4.4 percent, far higher than that of email. A study by Lob and Comperemedia showed that two-thirds of companies said that direct mail has the highest ROI. Moreover, direct mail is more persuasive than digital media. It is also more likely to be read or scanned, giving valuable impressions to the sender. Another study from the Association of National Advertisers found that direct mail can produce up to five times higher response rates than email campaigns.
Costs
Costs of direct mail campaigns can range greatly depending on your business. You can use postcards to promote your business, which is less expensive than catalogs, or you can design your direct mailers. Costs will also depend on the size of your mailing list and the cost of printing materials. Postage costs vary depending on the current postage rates.
Postcards are cost-effective if you’re sending a short, simple announcement. You can also use these for event promotions or quick announcements. Letters are another option and are called a “classic package.” They usually contain a letter and a response form. Letters are usually used for fundraising or survey purposes.
Targeted audience
Targeted audience direct mail campaigns can be a great way to reach your audience and get more responses from them. This type of marketing is more efficient than relying on generalized marketing methods because the message is specific to a particular audience. Many businesses choose to target their audiences based on demographics, interests, and geographic location. According to some studies, direct mail can generate a response rate as high as 60%.
In one study, young professionals between the ages of 22 and 34 had the highest response rates to direct mail campaigns. The survey was conducted by Epsilon, a multi-channel marketing service. It showed that direct mail campaigns are more relevant to young professionals than any other marketing method.
Millennials’ distrust of direct mail
The Millennial generation has become the most important segment of the economy, but most businesses can’t afford to ignore this segment. They grew up in the age of digital technology and use social media and email to interact with brands. Direct mail, however, is still a valuable tool for moving potential buyers. It is a proven channel, which focuses on important campaign information and can help brands bridge the gap between the digital and print worlds.
According to one study, Millennials are surprisingly open to direct mail and read it more often than their parents. This generation doesn’t move around a lot, but they do read the mail, which is why direct mail is so important to them. Millennials even say they look forward to directing mail.