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The (Questionable) Value of Encouraging Multi-Channel Buyers

I just read yet another article about multi-channel buyers that has me scratching my head. It’s a common argument that multi-channel buyers -– those that buy through some combination of online, on the phone and in stores — are more valuable than single-channel buyers so we should all try to entice buyers to use multiple channels.

It’s a known fact that multi-channel buyers almost always have a higher average value than single-channel buyers. They’re presumably more engaged with your product, and so have a higher likelihood of buying more.

I get lost at the conclusion many people then reach: that it’s a worthy marketing goal to convert buyers to multiple buying channels. Give your customers an incentive to use a second or third buying channel, the argument goes, and they’ll become one of those valuable multi-channel buyers.

If Staples sends me a $20 off coupon good for in-store use only, I may go to the store just this once rather than order online. Their offer “artificially” shifts my buying habits on a one-time basis, but doesn’t do anything to make me a more valuable customer to them – and indeed costs them the $20 discount.

If your experience proves otherwise, I’d love to hear about it!

The Hidden Costs of Slim-Jim Catalogs

Skyrocketing postage and paper costs have led many catalogers to consider changing their catalog format to a “slim-jim” size – roughly 6-1/8” x 11” – in order to save money.

Before you follow suit, be aware of two important considerations…

A Treasure Trove of Email Marketing Facts

If you’re a numbers junkie like I am, you’ll enjoy www.emailstatcenter.com. It includes a wealth of interesting statistics on email marketing, divided into topics such as…

What’s Your Best Day to E-Mail?

I’m often asked when the best day to email is. The truth is, there’s no one-size-fits-all-answer.

An industry colleague recently commented that his best day to email is on the weekend. We’ve certainly found that to be the case with many of our clients, even though it flies in the face of conventional wisdom. It makes sense that…

Boost Profits With Pre-Catalog Marketing

By the time your catalog has been put to bed, you probably don’t want to think about marketing again for a while. But if you take the time to announce your catalog with a little fanfare, you’re likely to see a nice lift in response. For instance:

Mail (or email) in advance. Before your catalog goes out, send an oversized postcard and/or an email announcing its imminent arrival. Be sure to include a photo of the catalog cover.

Highlight specifics. Do more than say “the catalog is coming.” Call out particular products, especially new items.

Include an offer. Encourage customers to explore the catalog by including specific offers, such as 10% off any bulbs on pages 23-24.

Use deadlines. Use a deadline with any offer you include. Make sure it allows plenty of time for the catalog to arrive and for people to look through it – but not so long that they forget about the offer altogether.

Do you do any pre-catalog promotion? What works best for you?

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Val Gosset
Evergreen Marketing
60 Treeland Road
Shelton, CT 06484
Phone: 203-513-8911
Val@GrowWithEvergreen.com

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