media comparison (1)
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TRANSCRIPT
ByYogesh Aggarwal
Global Business Director
Yellow Umbrella Group
Media Comparison
Take a Pick… Its Choosing Media
Direct mail vis-à-vis Email/SMS/Tele callingConcerns• Getting email read is becoming harder and
harder. Bounces are very high• Target High Net Individuals / Premium base
over phone through SMS / Telecalling has almost become impossible due to DND (DoNotDisturb) listing.
• DND ratio is almost 50%
Mathematics
Mail Size Cost
Total cost
Open Rate Reach
Cost to reach
Response percentage from open Response
Cost to acquire
Email 100000 0.4 40000 3% 3000 13 1% 30 1333
SMS 100000 0.2 20000 50% 50000 0.4 0.020% 10 2000
Direct Mail 100000 6 600000 200% 200000 3 0.40% 800 750
Tele Call 100000 6 600000 50% 50000 12 1% 500 1200
Choosing Media
Advantage DisadvantageEmail Faster and cheaper for testsPrimarily reaches to value seekers
Doesn’t cover most of wealthy Has limited shelf life
Reach is limited to individual to whom it is sent
Tele calling More persuasive Negative Image
Slow reach Doesn’t reach wealthy DND
SMS Fast & cheaper Negligible shelf life Not enough space to communicate Doesn’t reach wealthy DND
Direct Mail Facts
Advantage Disadvantage
Reaches ALL High Initial Cost
Lot of space to communicate
Cuts clutter
No DND issues
Helps build brand
Read by multiple people at home
Direct Mail Facts Continued…
• Direct Mailer is not an expensive mode but Smart mode of marketing products / services.
• The open ratio of an email campaign / SMS response is far low & in fact equivalent to the volume of Direct Mailer campaign.
• Direct Mailer also works as a Reminder in many cases for recurring sale from same customer.
Mathematics for media option
To make this simple let us check the following:• An email campaign of 1lac with even 95%
delivered rate can fetch you open rate of 5k and unique clicks of 3k. Which simply means out of 1lac Target Audience only 5k have opened your email …
• Whilst a Direct Mailer campaign of just 5k will fetch you approximately 4 times more visibility per household multiplying your Branding.
Communication perspective in media
–Catchy headline or handwritten address on the envelope of a direct mail letter will get read.If your offer is effective, you should be able to profitably sponsor new members and enroll customers with the proper direct mail mailing list.
Fight the Flaws
Understand what works and what doesn’tProfile UnderstandingTarget who requires and who doesn’tIts not the Cost… It’s the Mode we
communicate through….
Its a Wrap…. Happy Direct Mailing..