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Acquisition: Phone v. Email - 3 Lessons The toughest job
in marketing is to find new customers at a reasonable
cost. Last month I ran a test campaign to see how best to
introduce the eVO
e-commerce service.
The problem was that no prospect would have heard of
the brand name and few would immediately identify the product advantages
since no competitor has been promoting the linking of a website to a CRM
database for SME companies.
The advantage was that we could identify potential
targets by looking at their existing websites. Any company offering a
standard range of products but not an on-line ordering facility can
immediately benefit from eVO.
So I first emailed about 50 companies that seemed
likely prospects. No Response! Did that mean the product was wrong? Not
necessarily when typical response rates to an emailshot are around 1%.
I then followed up by phone. The first finding was
that the majority of people who should have seen the message had not
seen it, or did not remember it.
Lesson 1: Recipients need priming in advance.
Emails from someone they have never heard of, on a subject not their
current priority, are overlooked or deleted.
The phone however showed clear advantages. Apart from
the usual problem of getting through to the right person, it is easy in
most cases to find who you need to talk to. Once contact is made, you
can establish very quickly if they are likely to be interested in your
product. Then, by sending details by email, you can start an ongoing
discussion and get valuable feedback from the prospect.
Lesson 2: The telephone is the quickest means of
getting a reaction from prospects that includes the reasons behind the
reaction.
Lesson 3: For a small scale test market, use the
phone to assess initial interest, email to communicate complex data and
a follow up phone call to establish future potential.
Then adapt your product and plan according to your
customers' reactions. You can now sensibly plan, and cost, a larger
roll-out.
If you want help with a test market exercise, click
below:
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