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I'll tell you a secret: You ever wonder why mail houses want the returns coming back to them? So you don't see how many "bad" addresses you just paid them to mail to.
You are right on!!!
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I'll tell you a secret: You ever wonder why mail houses want the returns coming back to them? So you don't see how many "bad" addresses you just paid them to mail to.
2. What is a good rule of thumb goal on ROI for $$ spent on direct mail advertising? (i.e. if it's .30 per piece in mail and it generates a 1% response, is $30 per prospect worth the cost of a direct mailer?)
MarketingStudy
Anyone test further any offers to drive up the response rates, I see the "FREE Memorial Guide Book" offer listed below, but are there any other "incentives" that anyone has tested to get a stronger response?
Not sure what you're asking.
A good mail program consistently made me 400% ROI. IOW if I mailed 1000 for $400 I'd need to make $1,600 min. to repeat the process.
Gordon - thanks for the insight, my question is I'm still unclear on how much revenue an agent would expect to earn per client. I'm sure it varies I would imagine, but in order to generate that $1600 in revenue in your example, how many clients on average would it take to generate it (i.e. a 1% response on 1000 mailed would be 10 clients @ in revenue per client - is that number $160 in your example? Or a 0.4% response @ $400 per client?) Thanks for the help.
A 1% return gets you 10 leads... NOT 10 clients. Say you close sales on 25% or 2-3 of those consistently. You'd have to make enough to do it again, pay bills, make it worth your time. IMO... if a mail campaign got me 1% more than one time I'd cut it loose. If you don't pull 2% or better you'll never make it.