Tuesday, August 25, 2020

How to Keep Your Cool in Pressure-Packed Situations

In July of 2020, more than four million people savored the chance to watch live Major League Baseball on the opening night of a historic 60 game series.


Due to the intensity of the abbreviated coronavirus season, each game matters immensely. By winning the first game, a team instantly has nearly a 3-game lead over the team that it beats. With the number of season games shrinking by half, every homerun and strikeout is intensified. Only those teams that can perform well under pressure can pull out a short season victory.


Many people in the business world are facing a similar pressure. 


Corporate teams have been forced to adopt tighter timelines, operate with a slimmer margin, or do more with fewer teammates. How will you respond to that pressure? And how can you encourage those around you to avoid panic or stress?


Here are three tips to guide you through moments of high intensity:


1. Create a Prioritization Strategy


Make a list of monthly tasks and then assess each item. 


Ask questions like: is this item important to me? Will it relieve pressure or clear space in my day? Does it move our team forward? If not, look at delegating, postponing, or eliminating this task. 


2. Focus on the Fundamentals


You never really become better in the moment. 


In moments of immense stress, it is easy to make foolish decisions or go for the "Hail Mary" option. With so much uncertainty, playing a wild card can be a costly mistake. Instead of looking for a magic bullet, focus more on the most basic, time-tested strategies for success. Whether this is following up on prospects, or just a willingness to make the high-percentage "predictable" move again and again, stick with strategies that have historically brought success. 


3. Change How You Think About Pressure


"Pressure is a privilege."


Tennis great Billie Jean King has been credited with this quote, and there is a reason it hits home for so many.


One of the most daunting parts about working in tense conditions is the temptation to psyche yourself out. Sports psychologists help athletes overcome this by using visualization of positive outcomes. Before a match or competition, top players coin short phrases describing who they are at their best: "I am consistent, I am intimidating, and I never give up without a fight." When stressful moments come, athletes don't focus on the worst ("don't strike out, don't strike out") but consciously visualize success. When confidence flows, players are more likely to rise to their potential.


Another way to visualize success is by breaking a mammoth task into manageable pieces so you can actually "see" how the work could be completed. Best-selling author and business coach Dave Anderson says people can face overwhelming situations by breaking their response into manageable pieces:  


"More often than not, we worry about some imaginary catastrophe that never happens, and that tends to render us powerless," Anderson said. "Focus on one aspect of the task at a time, instead of looking at it in its totality. If you make a list of every step and use a "paint-by-numbers" approach, you'll be fine."


Resistance Training Builds Strength


Whether it is demands from your boss or supply chain obstructions, every person has obstacles that threaten to derail them from success.


But ultimately, stressful situations can push your performance to levels you could never reach otherwise. As University of Tulsa psychologist Jennifer Ragsdale says, "without challenge comes boredom. A life with zero stress is not a life worth living."

Tuesday, August 4, 2020

Target the Right Customers with Your Next Direct Mail Piece

You wouldn’t spend $100 million on a new national advertising campaign without carefully set goals and objectives.


But when it comes to direct mail, marketers often spray out postcards or fliers without a great deal of thought. In direct mail marketing, careful planning is vital to your success. While the average direct mail response rate is around five percent, strategic targeting can drive that number to nine percent for house lists and as high as 16 percent for personalized mail.


To simplify your targeting, start with these questions:



  • Who is the audience?

  • Who is the prospective buyer?

  • Who will receive, read, and hopefully respond to this mailing?

The beauty of direct mail is that you can use it to reach only those people who are potential buyers for your product or service.


This is called target marketing, and it means that during the development stage, you can use multiple criteria for selecting recipients.


Demographics may include age, income, gender, geography, home value, marital status, vehicle driven, occupation, hobbies, and more. Selections for B2B mailing lists can also vary, including the company’s industry, type of product, annual sales, number of employees, locations, etc.


Helpful Hints for Compiling a Mailing List


If targeted mail is so crucial, how do you find a list filled with these “perfect” customers? 


If you haven’t compiled your own mailing list (of current customers, qualified leads, or streamlined prospects), there are two basic types of mailing lists: compiled lists and response lists. 


Compiled lists are those assembled from a variety of sources (think association members, graduates of specialty programs, qualified purchasers, etc.). For example, a list might include dentists from Boston or Lutheran youth pastors. Compiled lists are more complete and can work well for driving people to a specific online landing page you’ve designed specifically for your direct mail campaign. You can usually get a compiled mailing list in one business day.


Purchasing a compiled list might work best when you:


  --Have a limited marketing geography
  --Want to reach all households or businesses in an area
  --Want to reach all homes or businesses that fit specific demographic criteria
  --Are on a limited budget
  --Want to mail fewer than 5,000 pieces
  --Want to make telemarketing follow-up calls before or after your mailing


Response lists consist of prospects who have inquired about or responded to other marketers’ offers, like purchasing a swimsuit through a catalog or by participating in a nonprofit fundraiser. Typical response list sources are magazines, membership clubs, catalogs, warranty cards, etc. Response lists are more expensive than compiled lists because they are more targeted, and you have more assurances about the buyers’ behaviors. You can usually get a response mailing list in 3-5 business days.


Response lists might be best if your product has a high price point or your target customer is very narrowly defined. The list cost will be higher, but your ROI will increase as well. Response lists are also not always current, so make sure you ask when the list was last updated before purchasing.


We’re Here to Help


Feel overwhelming? It doesn’t have to be.


For a simpler option, Every Day Direct Mail lists can be compiled using the EDDM Online Tool available through the United States Postal Service. Here you can target customers by demographics like age, household size, income, zip code, etc. Not sure where to start? We can help! Give us a call.


Most experts agree that selecting the right mailing list is the most important factor in your mailing’s success. The more information you can collect and refine, the better your response rate will be!