Response Rate Realities for the Freelancer
by copywriter and marketing coach Chris Marlow
The marketer's rule of thumb for mailer response rates is generally 1.0%. In
2003 the Direct Marketing Association published statistics that showed the
business-to-business direct mail response rate to a prospect list averaging a
measly .61%.
Of course, much will depend on how good a marketer you are. Direct
response agency CEO Russell Kern, for whom I have much respect, places
the average at 0.5% to 3.0%.
Response rate depends on many factors, chief among them the list you mail
to. If you have a poor list, you'll get poor results. But if your list is strong —
and it should be if you personally hand-picked who you want on it and they
fit your niche perfectly — then of course your chance of success is higher.
The next most important factor is your offer to this list. Do you know your
target market intimately? Do you really know what their problems are?
People are looking for solutions and they're looking for the right person to
provide those solutions.
It's not uncommon for my coaching students to get a 5.0% response on
their first mailings, and sometimes even higher. Why are they getting such
high response rates?
Number one, because they target a strong niche. Number two, because they
understand the psychology of their prospects, and have matched their
prospect's needs and desires with a solution they can provide (presented in
the form of an offer).
And number three, their marketing materials support their message; the
recipient receives an introductory sales letter that stands out in the mailbox
in some way, via smart copy, design or format, a clever and relevant
concept, or perhaps a "bulky item" to drive curiosity for a high open rate.
Other marketing materials carry the same message, the same branding, and
target the same audience (e.g., the Web site, Bio, etc.).
When all is said and done, it goes back to the old 40-40-20 Rule: 40% of
your marketing success will come from the quality of your list; 40% will
come from the relevance of your offer; and 20% will come from the quality
of your marketing materials.
Chris Marlow, all rights reserved
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