I’m writing this in the middle of the week, not when I usually write my articles.
And the reason for this is because I’m pissed off. I’m really irritated at the blinkered mentality of so many people who are getting into business and just DON’T understand what business they’re in!
Now I’m confident that YOU, my reader understands this, but sad to say that 90% of businesses out there DON’T understand this.
It doesnt matter whether you sell cars, service photocopiers, plan weddings, sell eBooks or sell real estate. You are NOT in those businesses.
You are in the RELATIONSHIP business. Developing and fostering long term relationships and trus with your clients. Getting them to see the value in what you have to offer. Getting them to trust you and believe in you. They are your flock. YOUR clients.
And the real kicker has been over the topic of emails lately. I keep coming up against a wall of objection whenever I dare mention sending anything via *gasp* the post! I hope you haven’t just falled off your chair at the mere mention of old fashioned paper. Yes. That’s right…PAPER and INK.
People keep telling me that emails are better. You can track email responses, people prefer to read emails, and they’re more cost effective.
And you know what? They’re right! But let me also say this. Even though they’re right, they are dangerous to your business.
1. You can track email responses. OK. So what. People are more likely to delete your emails than read them. What’s the use of a bunch of statistics showing me that people are opening them? What help is it if I know bugger all people are opening my emails. I want READERSHIP not statistics. I’d rather not have the hard numbers, than have raw numbers showing me I’m doing the wrong thing. Physical mail works, the best marketers in the world have PROVEN time and time again. People like Dan Kennedy and Pete Godfrey. And they know a little more on the topic than some guy who’s just opened his first business let me tell you.
2. People prefer to read emails. Yep, because they’re quick and easy to discard. Open it, scan it and discard it. Listen, I get a couple of monthly newsletters and when they hit my mailbox I rip them open and devour them there and then. Its because they’re full of great content and done correctly. And nothing helps foster a relationship than something in your hand. If its physical it has more value. After all, do you want a card from your mother for Christmas, or an email? Which is more personal? Which fosters the RELATIONSHIP more?
3. Emails are more cost effective. According to what criteria? Yes, you can email 200 people for, well, nothing. But would you rather send 200 emails for $0 which might bring in $100 to your business or spend $200 sending newsletters which bring in $1500 to your business? Sorry folks, response rates mean NOTHING. What counts is money. If you make more money doing somethng then that’s the strategy you use. You can take your response rates and I’ll take the money.
Bottom line is this. It costs more money to get new clients than to retain old ones. So you have to be prepared to spend a little money to keep your existing clients clinging to you.
Physical mail, whether its a newsletter or just a sales letter/promotion have a much higher perceived value. I know someone who built a million dollar accounting practice in 2 years, and his number ONE marketing strategy was the humble old monthly newsletter. And after he retired for a few years he did it all over again. His strategy? Yep, monthly newsletters.
His clients valued them and the information in them. They knew he knew his stuff, and saw him as the EXPERT. They enjoyed the personal touch. And he kept his retention rate at nearly 100% DESPITE continuing to double his prices.
So when you think about emailing people or sending them mail, if you’re a physical business working with REAL prospects in your country then do not make the mistake of going the cheap and nasty option and sending a (deletable) email. Send them something real instead. They’ll appreciate it, and will stay your client for life. Remember, you’re in the RELATIONSHIP business.
Now, just a couple of things…
One. I am not saying to ONLY send physical things to people. A combination of different marketing media including email, website, letters, newsletters, faxes, phone calls should be used to get your messages across. Emails have their place in business. Only that place isn’t for lead generation or regular newsletters.
Two. When I say lead generation as well, I mean making initial contact with prospects. If you are targeting people you can reach via the post then do it this way. Treated right, a client has a high lifetime value, so don’t be scared of spending some money. It will be repaid many times over.
Three. Technology isn’t everything. Don’t be sucked into thinking the world only responds to email. They don’t. And dont be sucked in to thinking that if you’re a technology company you’ll look stupid if you send something in the mail. You’re thinking about yourself if you do this, not your prospect.
OK. Next week we’ll be getting back on track again. Its a similar topic to this anyway, looking at online marketing and what business you’re really in.
I’ll go calm down now, and if you have any comments please post them. I’ve got my flame-proof suit on today so even if you agree or disagree I don’t mind.
And next week I’m going to show you how to wriggle your way inside the mind of your prospect. You can’t sell to ‘em if you don’t understand them so this will be a goodie!
All the best,

Hugh
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