When Is a Marketing Lead Too Old?
Wednesday, March 25th, 2009When working with a limited budget, you need to make tough decisions about where you want to invest your marketing dollars. If you have enough funds to send a single direct mail package to your entire list or three direct mail packages to a third of your list, it makes sense to carefully choose who is “worthy” of receiving your direct mail package — in other words, who is most likely to respond to your offer.
Candidates for the “A” list could include people who have recently joined your list, customers who have purchased within the past six months, prospects within driving distance of your event, and your most loyal clients. You’d spend the most marketing dollars on these prospects, while relying on free and low-cost tools to reach your B-quality prospects.
While segmenting your database, you might be tempted to delete the oldest and least responsive names. After all, why waste time and money contacting them if they obviously aren’t interested in participating in your events?
It’s true that removing inactive prospects from your list can free up marketing dollars which then can be devoted to reaching more responsive customers.
However, don’t delete the names. Keep them in a separate sublist if you must. But don’t get rid of the names entirely. You never know when someone will be ready to attend your event. If you delete the names, you may miss the opportunity to make a sale. Plus, even if these prospects haven’t bought in years, it’s entirely possible that they’re referring colleagues and friends to you events.
The bottom line is that you’ve worked hard for every lead in your database. Although you may want to reduce the amount of time and money you spend marketing to the least responsive segments of your databse, don’t eliminate them from your list entirely. Instead, mail to them occasionally — once a year even — to gently remind them that you’re still around.