According to BtoB's "2008 Marketing Priorities and Plans" survey, 60% of marketers plan to increase budgets for 2008 with efforts focused on personalization and more precise targeting not only in print advertising, but also with direct mail, email and event marketing.
Of the 60% of marketers who indicated an increased budget, almost 90% of those increases will be greater than five percent. Nearly thirteen percent will be 20% or more.
The list of marketing goals for 2008, according to the report, starts with customer acquisition and includes brand awareness and customer retention. Respondents also indicated that about one-third of their marketing budgets will go to online marketing.
Nearly 50% of marketers plan to increase their spending on event marketing and plan to personalize event marketing with targeted direct mail and email sent to a smaller number of people, with the goal of obtaining more qualified leads.
Forty-nine percent of marketers stated they intend to step-up their direct mail budgets with some indicating a preference for direct marketing over large advertising campaigns.
Finally, the survey also showed that almost 70% of marketers are planning a new advertising campaign for 2008.
Showing posts with label direct mail. Show all posts
Showing posts with label direct mail. Show all posts
Thursday, January 3, 2008
Monday, November 12, 2007
Business Travel Expenses Take Off in 2008
Hoteliers and Tracking Tools Benefit From Historic Highs.
According to an October 2007 American Express Global Business Travel Forecast, air travel, accommodations, transportation and meeting facilities will see a sharp increase in demand for 2008.
Expect Travel Rate Increases
Business travel demands will continue to drive an increase in rates, including double-digit hotel increases in certain markets in the US, Europe and Asia.
This poses a challenge for business and travel managers. According to Vice President and Global Leader for American Express Business Travel Advisory Services, Mike Streit, the average domestic inclusive business trip (airfare, care rental hotel) will increase six percent, bringing the average price to $1,100 domestic and $3,171 internationally.
According to the American Express report, domestic economy travel rates are expected to increase five percent domestically and ten percent internationally. Hotel rates are expected to increase up to seven percent for mid-range hotels and up to eight percent for upper-range hotels in the US.
And That's Not All Folks
Due to the high demand and low supply, business travelers can expect changes in hotel terms as well as price. This may include a minimum or maximum stay requirements.
New Opportunities for Businesses
Due to the historic highs, stricter requirements, and challenges with keeping within a budget, travel and entertainment managers are expected to find ways to save money on meetings and events. This creates new opportunities for businesses that provide affordable travel and entertainment services, or who can offer cost saving conference or event services. Companies are also expected to increase their use of preferred suppliers to maximize benefits and savings.
The report also predicted a fifteen to twenty percent increase in the sale of compliance tracking tools, to help businesses save money.
To learn how to target this niche market and increase sales, contact Variable Thinking, or attend a free 45-minute webinar held every Wednesday from 2:00 to 2:45 pm CDT
To register visit: http://www.variablethinking.com/webinar.aspx
Read the entire American Express business travel report here: http://home3.americanexpress.com/corp/pc/2007/pdf/GBTF.pdf
According to an October 2007 American Express Global Business Travel Forecast, air travel, accommodations, transportation and meeting facilities will see a sharp increase in demand for 2008.
Expect Travel Rate Increases
Business travel demands will continue to drive an increase in rates, including double-digit hotel increases in certain markets in the US, Europe and Asia.
This poses a challenge for business and travel managers. According to Vice President and Global Leader for American Express Business Travel Advisory Services, Mike Streit, the average domestic inclusive business trip (airfare, care rental hotel) will increase six percent, bringing the average price to $1,100 domestic and $3,171 internationally.
According to the American Express report, domestic economy travel rates are expected to increase five percent domestically and ten percent internationally. Hotel rates are expected to increase up to seven percent for mid-range hotels and up to eight percent for upper-range hotels in the US.
And That's Not All Folks
Due to the high demand and low supply, business travelers can expect changes in hotel terms as well as price. This may include a minimum or maximum stay requirements.
New Opportunities for Businesses
Due to the historic highs, stricter requirements, and challenges with keeping within a budget, travel and entertainment managers are expected to find ways to save money on meetings and events. This creates new opportunities for businesses that provide affordable travel and entertainment services, or who can offer cost saving conference or event services. Companies are also expected to increase their use of preferred suppliers to maximize benefits and savings.
The report also predicted a fifteen to twenty percent increase in the sale of compliance tracking tools, to help businesses save money.
To learn how to target this niche market and increase sales, contact Variable Thinking, or attend a free 45-minute webinar held every Wednesday from 2:00 to 2:45 pm CDT
To register visit: http://www.variablethinking.com/webinar.aspx
Read the entire American Express business travel report here: http://home3.americanexpress.com/corp/pc/2007/pdf/GBTF.pdf
Wednesday, October 31, 2007
Variable Thinking Wins International Design Award
Variable Thinking was announced as a winner in the 2007 Davey Awards Tuesday by the International Academy of the Visual Arts. Variable Thinking was among those honored for the finest creative work from the best small firms, agencies and companies worldwide. The company's website at http://www.variablethinking.com, won a Silver Davey in the Website/Moving Images category.
The Davey Awards is judged by the International Academy of the Visual Arts (IAVA), an invitation only, 200+ member organization of leading professionals from various disciplines of the visual arts dedicated to embracing progress and the evolving nature of traditional and interactive media. Current IAVA membership represents a "Who's Who" of acclaimed media, advertising, and marketing firms including: Sotheby’s Institute of Art, Yahoo!, Estee Lauder, Wired, Insight Interactive, The Webby Awards, Bath & Body Works, Brandweek, Polo Ralph Lauren, ADWEEK, Alloy, Coach, iNDELIBLE, MTV, Victoria’s Secret, HBO, The Ellen Degeneres Show, Myspace.com, and many others.
“The Davey Awards exemplifies outstanding work among smaller agencies, and to be recognized for that is truly an honor,” said Variable Thinking's President and CEO, Ronald Leggero, Jr., whose vision drove the redesign of the company’s website. In addition to the Davey Award, Variable Thinking’s site is also the first to use iPhone-type technology online.
“The incredible quality and growth of entries again proves that creative excellence, fresh ideas and great conceptual execution is a hallmark of the best small agencies and firms” noted Linda Day, director of the IAVA.
The Davey Awards is judged by the International Academy of the Visual Arts (IAVA), an invitation only, 200+ member organization of leading professionals from various disciplines of the visual arts dedicated to embracing progress and the evolving nature of traditional and interactive media. Current IAVA membership represents a "Who's Who" of acclaimed media, advertising, and marketing firms including: Sotheby’s Institute of Art, Yahoo!, Estee Lauder, Wired, Insight Interactive, The Webby Awards, Bath & Body Works, Brandweek, Polo Ralph Lauren, ADWEEK, Alloy, Coach, iNDELIBLE, MTV, Victoria’s Secret, HBO, The Ellen Degeneres Show, Myspace.com, and many others.“The Davey Awards exemplifies outstanding work among smaller agencies, and to be recognized for that is truly an honor,” said Variable Thinking's President and CEO, Ronald Leggero, Jr., whose vision drove the redesign of the company’s website. In addition to the Davey Award, Variable Thinking’s site is also the first to use iPhone-type technology online.
“The incredible quality and growth of entries again proves that creative excellence, fresh ideas and great conceptual execution is a hallmark of the best small agencies and firms” noted Linda Day, director of the IAVA.
Reach Customers on a Personal Level
Increase Direct Mail Response Rates Part Two
Personalizing direct mail pieces and offers are vital to achieving any increase in direct marketing response rates. Personalization gets your targeted market's attention and immediately answers the question “What’s in it for me?” by giving customers unique offers based on their wants and needs. With fully-customized direct mail, you can make a different offer to each person on your mailing list, even use different images and text, and all in one print run. Not all printers are capable of this, so look for one that uses variable data printing and imaging software with commercial-grade digital printers.
The graphics, offers and text of each direct mail piece can be customized based on your target market's gender, income, hobbies, age, homeowner status, location, career, interests, life goals and hundreds of other criteria. The more you know about your target market's habits, hobbies, and goals, the more you can customize offers and personalize images to grab their attention. Anything that is not grabbing their attention and driving them to act is a waste of money.
The easiest way to test customized direct mail is to add a personalized image to your existing static mailer. What is a personalized direct mail image? Enter your name in the demo box at this website to see a real-time example.
Saturday, October 27, 2007
Increase Direct Mail Response Rates Part One
Direct mail advertising allows for cost-effective ads to reach a target market, keeping the ROI, return on investment, high. But, how can companies increase the response rate for direct mail advertising?
Know Your Customers—And How to Reach Them
The first step to increasing direct mail response rates is to segment your existing customer database. Market segmentation narrows your mailing list to a more specific group of individuals that have enough in common to warrant a like-response to your ad. Companies report their highest response rates usually when a personalized direct mail piece is sent to a highly segmented mailing list. By putting your customers into groups based on interests, hobbies, gender, geography, and lifestyles you can customize offers based on their unique needs and increase sales.
Market segmentation has several benefits:
A. You identify your core customer. The person who is most likely to buy your
product or service.
B. You can spot new trends, and opportunities, within the market.
C. You can see gaps in the database and focus on which mailing lists to rent.
D. You can increase sales, and the lifetime value of customers, by creating
custom offers for specific segments.
Other segmentation criteria can include trends, employment status, payment method, industry, family status, and buying frequency among others.
Stay tuned...more tips for increasing direct mail response rates to come.
Know Your Customers—And How to Reach Them
The first step to increasing direct mail response rates is to segment your existing customer database. Market segmentation narrows your mailing list to a more specific group of individuals that have enough in common to warrant a like-response to your ad. Companies report their highest response rates usually when a personalized direct mail piece is sent to a highly segmented mailing list. By putting your customers into groups based on interests, hobbies, gender, geography, and lifestyles you can customize offers based on their unique needs and increase sales.
Market segmentation has several benefits:
A. You identify your core customer. The person who is most likely to buy your
product or service.
B. You can spot new trends, and opportunities, within the market.
C. You can see gaps in the database and focus on which mailing lists to rent.
D. You can increase sales, and the lifetime value of customers, by creating
custom offers for specific segments.
Other segmentation criteria can include trends, employment status, payment method, industry, family status, and buying frequency among others.
Stay tuned...more tips for increasing direct mail response rates to come.
Friday, October 26, 2007
Direct Mail Brings Five Percent Increase in Sales
According to the Direct Marketing Association’s yearly report, The Power of Direct Marketing, direct marketers could realize up to a 5.2% increase in sales, which is 1.5% lower than the growth realized in 2006, due to the continuing economic slowdown. Direct sales could hit $2.025 trillion in 2008.
To what is this continued growth in direct mail attributed? It’s felt that marketers continue to source money in to direct marketing due to its ROI when compared to other forms of advertising. With an economy that is continuing to lag, direct mail marketing allows companies to see hard results for their advertising dollar. While many industries continue to see an increase in their direct mail marketing investment, there are still some that are cutting back their direct mail advertising.
According to the direct marketing report, manufacturing, financial banks, and education services are among many industries that continue to put significant money into direct marketing advertising. Lags are seen in areas like petroleum, real estate and furniture industries.
Dr. Peter Johnson, the Direct Marketing Association’s research strategy and platforms vice president, and lead author of the report notes that direct mail marketing will “continue to help sustain the overall US economy.” This estimation is based on the fact that as much as 10.2% of the US GDP, or $1.41 trillion of demand is represented by direct marketing.
Employment in direct marketing in 2007 is responsible for 10.6 million jobs. A prediction of a 2.2% increase is expected for next year. Internet marketing has predicted expenditures of $23.6 billion in 2008, which is almost a $4 billion increase from 2007.
Despite this growth, many company’s marketing departments are concerned about the state of the economy. If the housing market continues to stagnate and fuel costs keep climbing, it is possible that overall marketing expenditures could be adversely affected. Considering direct marketing’s effect on our GDP this year, a decrease in its economic viability is something to be concerned about.
To what is this continued growth in direct mail attributed? It’s felt that marketers continue to source money in to direct marketing due to its ROI when compared to other forms of advertising. With an economy that is continuing to lag, direct mail marketing allows companies to see hard results for their advertising dollar. While many industries continue to see an increase in their direct mail marketing investment, there are still some that are cutting back their direct mail advertising.
According to the direct marketing report, manufacturing, financial banks, and education services are among many industries that continue to put significant money into direct marketing advertising. Lags are seen in areas like petroleum, real estate and furniture industries.
Dr. Peter Johnson, the Direct Marketing Association’s research strategy and platforms vice president, and lead author of the report notes that direct mail marketing will “continue to help sustain the overall US economy.” This estimation is based on the fact that as much as 10.2% of the US GDP, or $1.41 trillion of demand is represented by direct marketing.
Employment in direct marketing in 2007 is responsible for 10.6 million jobs. A prediction of a 2.2% increase is expected for next year. Internet marketing has predicted expenditures of $23.6 billion in 2008, which is almost a $4 billion increase from 2007.
Despite this growth, many company’s marketing departments are concerned about the state of the economy. If the housing market continues to stagnate and fuel costs keep climbing, it is possible that overall marketing expenditures could be adversely affected. Considering direct marketing’s effect on our GDP this year, a decrease in its economic viability is something to be concerned about.
Direct Mail Continues to Grow
According to the Direct Marketing Association’s yearly report, The Power of Direct Marketing, direct marketing is anticipated to grow in all areas, including expenditures, return on investment (ROI), sales and employment for 2008. This is despite an economy that is lagging in most areas.
“For the first time ever, direct marketing represents more than 50 percent of total advertising expenditures in the US, growing faster than total advertising spending and the US economy as a whole,” said Dr. Peter Johnson, the Direct Marketing Association’s research strategy and platforms vice president, and lead author of the report. “Marketers are moving dollars into direct marketing because of its higher ROI relative to other forms of advertising. This makes ‘direct’ a more reliable engine for sustaining sales, incomes, and jobs at a time when the mortgage and energy markets are heightening economic uncertainty.”, as noted on the DMA website. “Overall,” said Johnson, “business performance in 2007 is likely to be measurably brighter than it would otherwise be, thanks to the effectiveness of direct marketing.”
“For the first time ever, direct marketing represents more than 50 percent of total advertising expenditures in the US, growing faster than total advertising spending and the US economy as a whole,” said Dr. Peter Johnson, the Direct Marketing Association’s research strategy and platforms vice president, and lead author of the report. “Marketers are moving dollars into direct marketing because of its higher ROI relative to other forms of advertising. This makes ‘direct’ a more reliable engine for sustaining sales, incomes, and jobs at a time when the mortgage and energy markets are heightening economic uncertainty.”, as noted on the DMA website. “Overall,” said Johnson, “business performance in 2007 is likely to be measurably brighter than it would otherwise be, thanks to the effectiveness of direct marketing.”
The direct mail market predicts $173.2 billion in advertising expenditures’ by the end of this year, showing a 4.4% increase over last year. The ROI for these expenditures is $11.69/dollar spent, when taking into consideration the two trillion dollars in subsequent sales this year. The final numbers for 2006 were affected by the steep decline in the housing market, increases in energy costs as well as a decrease in auto sales. Up to a 5.5% increase in response rates is expected in commercial email, Internet marketing and direct mail.
While some mortgage companies struggle in this lagging economy, one marketing firm is helping its mortgage clients gain market share and achieve a 3% (and growing) response rate! Before starting your next direct mail campaign, attend a free webinar with Variable Thinking, and learn in under one hour how you can achieve higher response rates and sales. Attendees are entered to win a free three day/four night trip to the Grand Bahamas!
Saturday, October 13, 2007
Chicago Direct Mail Agency Achieves First Online
We are proud to announce that our newly redesigned website (http://www.variablethinking.com/) is the first to integrate iPhone-like technology online.
This new technology allows visitors to grab and drag images in our portfolio with their mouse, or control the movement of images with a scroll bar at http://www.variablethinking.com/PortfolioFlash.aspx.
This new technology allows visitors to grab and drag images in our portfolio with their mouse, or control the movement of images with a scroll bar at http://www.variablethinking.com/PortfolioFlash.aspx.
Variable Thinking is known as being a creative leader in the industry and is praised for its forward thinking marketing solutions. The company was the first to offer the entire marketing solution under one roof from graphic design to direct mail fulfillment and tracking.
About Us
Variable Thinking is a full-service direct marketing firm that conceptualizes, designs, prints, double bar codes, and tracks your targeted direct mail! We also offer strategic demographic lists and personalized URLs (PURLs/microsites) to further increase response rates. From start to finish, our 30,000 square foot facility is equipped to meet all of your marketing needs!
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