To buy or not to buy - that is the question. Many small businesses wonder if it is worthwhile to purchase a list and there are three rules that make buying valuable. Remember, permission based marketing is always better then noise in the mailbox, but sometimes it makes sense to reach a broader audience in their in box.
I advise small businesses to consider three things before purchasing a list:
First - Are you trying to reach a targeted region (neighborhood, community, city, zip-code area) with your direct mail piece? If you are already doing business in an area but would like to expand that business it is often a good idea to purchase the list. Your marketing will be regional in scope and personal in nature because you are already engaged with one of their neighbors - a good way to market to new clients is to share that you are working with someone that they know.
Second - Do you know something special about your customers and you can market directly to them with that secret? If the majority of our clients are Lutheran then purchasing a list of Lutherans makes sense, if they are preschool teachers buy that list, and if they are interested in yoga purchase a list targeted to their interests. That special - targeted information is valuable in helping you get that next client.
Third - are you launching a brand new product, idea, or concept and need to branch out to a particular region or business - then buying the list is valuable.
The idea is that you have to know what you have, who you are currently serving and purchase lists that are targeted directly to that information. Granted, I am talking about lists that are small in nature and manageable in scope. Don't just by every homeowner, business, or address in your state! You will waste your money and your great mailing will end up in the round file - so buy smart.
More next time on what makes a good offer - now that you have targeted your mailing make sure that they are getting back to you!