Dear Catalog CEOs:
Twice in thirteen days members of your elite club reached out to me to communicate interesting findings. In one case, one of you stopped mailing catalogs altogether and retained 90% of your sales one year later (pure catalog brand, no retail channel). In another case, one of your staffers executed a catalog holdout group for more than nine months, and retained 90% of your sales within the holdout group (pure catalog brand, no retail channel).
It's not a bad thing when you stop mailing catalogs and sales are generated anyway. In fact, it's the very best thing that can happen. YOUR CUSTOMERS ARE BRAND LOYAL!
Do you love sending catalogs, or do you love printing money? So often, the answer is the former, not the latter.
Any business that maintains sales when advertising stops is a blessed business. Run a mail/holdout test, and see how much brand loyalty you have!
Helping CEOs Understand How Customers Interact With Advertising, Products, Brands, and Channels
Subscribe to:
Post Comments (Atom)
Seasonality is Amplified
Back to our table from yesterday, reviewing customers with two life-to-date purchases, measuring how they perform in the next month based on...
-
It is time to find a few smart individuals in the world of e-mail analytics and data mining! And honestly, what follows is a dataset that y...
-
It's the story of 2015 among catalogers. "Our housefile performance is reasonable, but our co-op customer acquisition efforts ar...
-
This is where we're headed: Let's say you want to invest an additional $100,000 in paid search. You should be able to see a p&l,...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.