For the third time this month I met with a local business owner who had no idea that he could buy lists of prospects for his business.
He’s not alone, there are ton of smart, experienced and savvy local business owners in the Spokane area that have no idea it’s this easy to get a list of new prospective clients.
Here’s how the process typically goes when I’m working with a client, in this case let’s take the example of a Jewelry store.
If you’re not familiar with the jewelry business please keep in mind one of the main problems we’re trying to address is the boom and bust cycle of holiday sales and the psychological reasoning (aka creating a excuse) to buy more jewelry.
The industry is no fool but if you’re a store owner you can’t wait around until a customer comes in to see you. Instead reach out, make them a good offer and a percentage of them will take you up on it.
For the sake of disclosure this is an example only, I’m currently not running this campaign for any jewelry stores. But I will be soon…
I would call my list broker and get the following names: couples that have been married for over 5 years, head of the household earns more than $100k, birth month and birth year of both people.
Conveniently the jewelry industry has already created a connection between each month of the year and a specific gem stone.
Now that I have that data I’d write a simple sales letter to the husband reminding him that his wife’s birthday is coming up. Here’s a rough example. Please keep in mind I’m winging this…
From the Desk of Robert Johnson
Johnson’s Fine Jewelry
Hello Mr. Daniels,
You know that little oil light that comes on in your car? Well, the one on my wife’s car must have been on a while because she drove nearly all the way across the state of California before her engine seized.
When I asked “honey did you see the light come on”? she said, “yes, but I thought it would start beeping or something if it really needed it”.
I told her the thing wasn’t a game show and it needed oil because it said it needed oil. Apparently this wasn’t what she wanted to hear because she stormed off and didn’t make me dinner for two days.
So why am I telling you this?
Because 31% of men can’t recall their wedding anniversary and 24% can’t remember their wives birthday. And we catch heck for forgetting either one!
It’s not your fault if you can’t remember, it just something we’re not programed to do just like women don’t know that their car needs oil even if there is a little light blinking telling them exactly what is wrong.
So here is your blinking light and message in bold letters. HEADS UP your wife’s birthday is next month!
Yep, it is.
Each month we’re doing promotions where we remind guys just like you that your special lady has a birthday coming up and each month corresponds with a different gem stone.
So if you’re considering purchasing jewelry for your wife’s birthday we’d really appreciate a chance to earn your business. If not, that’s okay too, just don’t forget to tell her you love her and do something nice.
Since Vicky was born in May her birthstone is an emerald.
Now before you recoil at the thought of buying her emeralds please hear me on this. We can literally match any budget to a great piece of jewelry from $400 to $40,000 we can create something truly unique that she will absolutely love.
In fact, we have twelve examples in the store right now if you want to swing by and take a look. I hope to see you in the store soon.
Thanks for taking the time to read this letter,
Robert Johnson
Johnson’s Fine Jewelry
P.S. Be sure to mention this letter and your full name. That will be a code that take 15% off the price of anything you buy this month.
Alright, so that’s a general idea of how to use a list broker and write a simple pitch that will bring people in the door.
Not rocket science but hardly something most businesses do with consistency. Many of my sales letters get ridiculously high response rates like 10-15% but those are markets with small sale prices.
If we only got a 2% response with this letter here is what things might look like.
2000 letters mailed costs roughly $2000 including postage.
$500 for copywriting
9 cents per name for the list so that’ another $180
Grand total $2,680
At 2% that brings 40 clients. If each sale is $750 (which it could easily be higher than this) that’s $30k so after our marketing costs we’re still at a healthy.
$27,320
Figuring in hard costs for the jewelry etc. it would still be likely to net $10-15k with this campaign. Of course this is assuming a 2% response rate, it could be much higher or much lower.
That should tickle your greed gland. Just run the numbers on each sale being $1,200 (during April-Diamond Month) and a 3.3% response rate. That’d bring in $76,520 after marketing costs!
If you’re a small business that wants to grow and increase your net profit you should strongly consider purchasing lists and writing a good direct mail piece.
I am currently available for new clients, call quick before I get booked and more expensive.
Feeling stuck with your marketing efforts? Give me a call and I'll show you how my average client doubles to quadruples their lead volume with simple changes to their current marketing efforts.
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