The very FIRST things I do for a client is implement Net Promoter Score inside their company.

It is an absolute WEALTH of information. Here are just a few ways we leverage NPS:

  • To give the company insight into what operational fixes they need to implement to make customers happier
  • As an early warning system for potentially HUGE problems before they become PR and/or customer service catastrophes
  • Give us an idea of what is really important to the Promoters (thinking about messing with a product or service? don’t even think about it until you’ve scoured the NPS data… it could be a major factor for Promoters doing business with you)
  • Test new product ideas, services and/or options.

I’d like to talk more about this last one: Test new product ideas, services and/or options.

If one of my associates is cataloging NPS information and a trend shows the Passives (or Promoters) saying things like, “You know, I’d rate you guys higher but you don’t offer the X-7000 model with the Widginator attached. I love the price but it sure is a hassle to buy them separate and have an employee attach it here. I’d pay extra if it came that way so long as it wasn’t too much extra.”

Interesting feedback, huh?

But, how do you KNOW if it is even worth the effort?

Here’s what I do. Segment 5-10% of your email list and write an email subject line that says, “X-7000 Model with Widginator Attached.” The body of the email would say something like,

Hi Bob,

Jason here from Customer Relations at xyz.com. Recent customer feedback has shown great interest in the X-7000 Model with Widginator attached. However, we don’t know if it’s just something a few of our customers want or there’s a great demand for it.

Can you help me? 

Would you be interested in something like this provided it comes with the same great prices and support as the rest of our products? If it turns out it IS a great need then we’d love to add it to our product line in the near future.

A short email saying yes or no would help me a great deal.

Thanks,
Jason

 The email subject line is written simply describing the product or service. That way the open rate itself will give you a great deal of feedback. And, the body of the email should net you even MORE good data on whether your company should investigate further. If you do then you’ll already have a fair amount of prospects (those who opened the email) to market to.

It’s little techniques like that which make The Net Promoter Score such a goldmine.

Jason

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The Fundamental Rule of Email Strategy

by admin on June 2, 2010

Is there a Fundamental Rule of Email Strategy? I’d like to put one forward for you to consider…

There’s a great little blog post called “Dozens of Practical Tips for Higher Email Marketing ROI.”

A quote in the article jumped out at me and I wanted to echo it in this post:

“The biggest benefit to email is that it’s trackable,” says Jessica Harley, VP, Online Marketing, FTD.com.  “Not only does it work and generate a high ROI, but I can tie it back to a CRM-identified source.   It’s also custom.  I can give the consumer the offer that is right for them.”

The last line is particularly important. I’d like to elaborate by saying that the way to know what offer to send someone only becomes apparent after understanding WHO through the Email Marketing Strategy of Cutting Through the Noise with Relevance. RFM Analysis combined with a CRM system is the best way to do this… not terribly complicated to get up and running and a wealth of information that lets you:

Communicate one-on-one to the customer about what matters to the customer in a way that the customer gets it and understands what is expected of them.

Using this rule you could even begin to build a checklist to match up your email messages with:

Communicate one-on-one to the customer

  • Is the email from a real person to a real person?

about what matters to the customer

  • Does the email discuss what matters to the customer (not about what matters to the company or the sender)?

in a way that the customer gets it

  • Does the email use the language of the customer in communicating?

and understands what is expected of them.

  • What are you asking them to do? Is it CLEAR to them the one thing you want them to do? (aka the Call to Action).

Does it surprise you that you should expect something out of a communication? It really shouldn’t. You always expect something, even if it is only an agreement or reinforcement of a message. However, I would suggest NOT sending someone an email UNLESS you believe that what you are asking them to do is something they REALLY want or need to do or know about…

…anything else is just a waste of their time and your credibility.

That fundamental Rule of Email Strategy will lead to more revenue now and in the future.

Jason Bedunah

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Email Marketing Strategy: Cut Through the Noise With Relevance

June 1, 2010

Seth Godin just posted a short blog post, Redoubling to system failure,  that begins with the following sentence
Every 18 months for the last decade, the world has doubled the data it pushes to you.
Amazing fact, isn’t it? It is especially noteworthy for marketers. What do you do when there are twice as many friend requests, [...]

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An Easy Way to Boost Email Open Rates Almost Immediately

January 23, 2010

Recently, I was doing an Email Marketing Strategy Analysis and investigating why one of my clients email open rates were so low, hovering between 10% and 20%.
I started by examining the offers.
Every Wednesday, the same promotion promotion goes out to all of their 40,000 customers. To begin with I knew that the open rates were [...]

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4 Must Read Marketing Blogs for CEOs

April 16, 2009

The most influential management guru of all time, Peter Drucker (1909 – 2005) said “Because the purpose of business is to create a customer, the business enterprise has two–and only two–basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs. Marketing is the distinguishing, unique function of the business.”
As a [...]

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5 Ways to Control Perceptions to Sell More (or, Why The Best Product Rarely Wins)

April 16, 2009

It is a common mistake to believe that the best product wins. History tells us that is not true. In fact, it is RARELY true.
Do you remember the “New Coke” fiasco? Blind taste tests ‘prove’ that more people enjoy Pepsi than Coke. With Coke losing ground to Pepsi at an alarming rate, Coke executives created [...]

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Using CPA Networks to Drive Software Trials

April 15, 2009

When you use CPA networks you leverage the brains AND money of accomplished affiliate marketers to make you money. It CAN help you make more money selling your software, getting free trials or introductory offers.
Most people are familiar with Affiliate Marketing’s power to drive sales. About 6 weeks after I set up the affiliate program [...]

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Net Promoter Score: A Simple Metric That Can Help You Grow "Good" Profits Like Crazy

April 14, 2009

For those of you who don’t know about The Net Promoter Score (R) it is one of the best (and simplest) metrics to help a company grow.
I’ve written a case study about it here Case Study: Using The Net Promoter Score in Software Companies, ISVs and MicroIsvs to Boost Sales and Lower Customer Attrition Rate
And, [...]

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Can Social Media Make Direct Mail Campaigns More Profitable?

April 14, 2009

Yes.
I believe you should be using both. As great as Twitter and Facebook are, it is still difficult to scale. It would take me about an hour to get on the phone and have one of my database marketing friends hand me the name of every man and woman in the United States who is [...]

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Monitor Millions of Online Sources for Mentions of your Company with Filtrbox

April 13, 2009

Oh man…
My life just got easier.
Whenever I want to watch “market conversations” about a product and category I used to go to search.twitter.com and search for the product, the category, the search terms AND the major influential figures…creating a new “Feed for this query” and putting each on a tab in Google reader.
Then, I’d go [...]

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