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Q. Will I need to involve the IT/marketing/creative departments
of my company at any time during the project? If yes, what will
be the extent of their involvement?
A. Our software has been
built to insure that there is minimal involvement of your IT people
during the project. As for marketing and creative, we will develop
all new copy and design for your tests, requiring minimal input
from your people.
Q. Are you going to give me a license to the software itself?
A. No.You will never need
to acquire a license to the software because we provide you with
a complete turn key service that takes care of everything from
start to finish.
Q. We already have a third-party agency handling our creative,
and all changes have to go through them. Can you work with this
situation?
A. We can and do work
with agencies and would certainly work with your agency if you
prefer it. In that case, we would discuss all proposed changes
with both you and the agency and then interact closely with your
agency to implement the changes needed for your MultiVariate Tests.
Q. Do I get to approve all the changes that you are going
to make?
A. Yes. No changes will
be made without your explicit approval.
Q. I cannot change my logo/color scheme under our branding
guidelines. Given this circumstance, will your services still work?
A. Yes, they will. Though
the highest Conversion Rate gains can be achieved when there are
no restrictions on testing changes that could be made on a direct
mail package, we will work within the framework of your corporate
rules, branding policies, etc and deliver the best results possible
within that framework.
Q. What exactly will you be testing on my direct mail package?
A. As mentioned under
“How long will the tests take” many Selling Factors
and Variations could be tested, but usually not all will be. Listed
below you will find the likely Factors we will study before recommending
which specific Factors and Variations have the greatest gain potentials
for you.
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The Look of your mailer - paper color, quality, size
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Outer Envelope Format – Correspondence, Statement-Invoice,
Direct Mail
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Letter Layout - paragraphing, margins, indentations, underlining,
bulleting, highlighting, etc
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Typeface - font, size, color
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Length of copy
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Johnson Boxes
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Letterheads
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Salutations
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Opening Paragraphs
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Content - is it sufficiently benefit oriented?
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Offers
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Gifts / bonuses
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Coupons
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Signature
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Post Scripts
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Illustrations
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Response Devices and Acceptance Statement Copy
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Brochure/No Brochure
Q. What sort of gains in my Response Rates can I expect?
A. Websites that have
engaged our services in the past have achieved gains in revenues
ranging from 37% to 85% without any increase in their marketing
costs, thereby increasing their profit margins substantially.
Direct mail programs utilizing our Conversion Multiplier software
and services can expect the same, or even greater, gains in their
response rates.
Generally speaking, the specific gain potential will depend
on the content of your direct mail package and the Factors / Variations
we are allowed to develop and test after an in-depth analysis
of the customer benefits of each. Our services have produced the
highest response rates when we had complete flexibility to test
any or all combinations of key Selling Factors / Variations with
the power to weave compelling messages for your target markets.
Q. My direct mail program reaches out to a limited number
of people. Will your service be useful for me? How many mailings
do you need before your service can produce results?
A. The Conversion Multiplier
has been designed with NO requirement that your direct mail program
must reach a large number of potential customers in order to to
be statistically projectable. On the contrary, it was specifically
designed to maximize response rates with very small sample sizes,
often 1/10th as many as required by traditional A-B Split Testing.
Consequently our analytical software can produce excellent results
with as few as 500 test mailings per package.
Q. How can we be sure that the distribution of the test
packages is statistically sound and equal?
A. During every test,
each test version of your direct mail package goes to an equal
number of the potential customers in each test segment. This insures
the average profile of potential customers receiving each version
is basically the same, insuring that the split is statistically
sound. The lower test quantities needed for MultiVariate Tests
are taken care of by the complex mathematical calculating powers
built into The Conversion Multiplier’s software.
Q. How do I know the improvement in the response rate of
my direct mail campaign is due to your MultiVariate Testing System
rather than changes in the market conditions or the external environment?
A. The Verification Test,
where the new versions of the direct mail package recommended
by our software are tested against your original package at the
same time, neutralizes the market change conditions. We are testing
all the versions on a real-time basis under the same market
conditions. Consequently, any changes in market conditions that
occur between the initial tests and the verification test will
be equally applicable to all the versions. Therefore, any difference
between the conversion rates of our versions and your original
version must be because of the Multiplier’s software analysis.
Q. I have many inserts in my mailing package. Will you
concentrate on improving the response rate for all the inserts or
for a single page?
A. We can optimize your
entire direct mail package or a single page, depending on your
objectives and requirements. Also we can optimize a sub-set of
your pages whenever the research and analysis indicates potential
gains in doing so.
Q. Do we need to disclose our customers’ personal
information like their names, addresses, phone numbers, email addresses,
etc. to you during the test?
A. No, we don’t
need your customers’ personal information at all. Our software
will only keep track of the number of mailers sent out, the response
rate produced during the test period and the ROI from those orders.
That’s all you and we need to identify the most profitable
test version of your direct mail package.
Q. Will the data that we share with you and the data tracked
by your software remain confidential?
A. Without question. We
shall never rent, lease, sell or otherwise disclose such data
to any third party. Please review our privacy
policy for more details.
Q. What, in your experience, has been the average length
of time your customers have continued to enjoy the increased response
rates produced by The Conversion Multiplier tests?
A. The Multiplier has
been designed to give you stable as well as robust results. Therefore,
the increase in the response rates produced through your MultiVariate
Tests should persist short of unanticipated, galvanic future changes
in your marketplace.
Q. What sort of metrics can you optimize for? Do you only
optimize direct mail packages on the basis of Response Rates? Or,
can you also optimize them for metrics like the Return on Investment
(ROI) or Total Revenue?
A. Our service can be
used to improve any metric that you want, including the Response
Rate, Total Revenue, ROI, Cost per Order, Cost per Inquiry etc.
Before the contract is signed, we shall discuss these with you
and finalize the specific metric(s) that you want to use to judge
the success of the project.
Q. I could be selling two or more products through my mailer.
Merely improving my Response Rate will not really help me if your
version increases sales of the low-margin products instead of the
high-margin products. In fact the profit I earn from your version
may actually be lower than the profits I was earning from my earlier
version. How do you resolve this?
A. Our methodology is
powerful enough to optimize whatever metrics are important to
you. We can optimize your mailer for Total Revenue or ROI instead
of merely its Response Rate. Accordingly, the difference in total
revenues for multiple products is automatically taken into consideration
to insure that the version of your mailing package we recommend
not only has a higher response rate than the existing version,
but also has a higher total revenue and ROI.
Q. I may have more than one offer in my direct mail package.
The response rate of which offer will you improve?
A. We generally target
the entire mailer to improve its overall response rate and increase
sales for all featured products. However, if you want us to improve
the response rate for a particular offer or product in your package,
we can do that as well.
Q. Can you help to prevent my direct mail package being
discarded as junk mail?
A.Yes. We can, and we
do. We not only help to reduce the number of people who throw
away your mailer without opening it, but also find out how to
increase the rate of opening, reading starts, read-throughs and
responses to your mailer, adding a customer-relationship value
beyond merely increasing the overall revenue generated by your
direct mail program.
Q. Can you provide me with some references?
A. We’re happy to
provide you with references to aid your decision to employ our
services. Please
Contact Us asking us for references.
and / or
Send your Request
for a Free/No Obligation Quote on our services.
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Sales,
Marketing, and Customer Relationship Management
33 West 19th Street, 4th Floor, New York, NY 10011
Tel.
1-213-814-2918
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