Management

The 1st Catalog Success Latest Trends Report on Multichannel Mailing & Marketing Practices (October 2007)

The 1st Catalog Success Latest Trends Report on Multichannel Mailing & Marketing Practices (October 2007)

The 1st Catalog Success Latest Trends Report on Multichannel Mailing & Marketing Practices (October 2007)

In sitting down to write this month’s Editor’s Take, I first took a good look at all I’d just edited for the issue and man, not to take anything away from our other issues, but this one’s packed. Great tips to be had here throughout, great writers, veteran industry experts; it’s all here for you. Read this issue cover-to-cover, implement the million-dollar ideas that apply to you, and bingo, you’ll be ready to retire before you know it (kidding... well, sort of). What I’m most pumped about, however, is the groundbreaking survey we conducted in late August in partnership with the La Crosse, Wis.-based multichannel

Catalog Success: How was the catalog established? Bill Boatman: Prior to printing my first catalog in 1955, I owned a small grocery store. While running the grocery store I was buying space ads in specialty hunting magazines advertising accessories for dog hunters. I decided to buy an inexpensive mail-order course to start learning the catalog business. I started by collecting and processing the names and addresses of the customers at the grocery store. When I’d collected about 3,000 names and addresses, I mailed my first catalog. I realized the need for a direct catalog for hunters. I felt that with direct response

Catalog Success: How was the catalog established? Bill Boatman: Prior to printing my first catalog in 1955, I owned a small grocery store. While running the grocery store I was buying space ads in specialty hunting magazines advertising accessories for dog hunters. I decided to buy an inexpensive mail-order course to start learning the catalog business. I started by collecting and processing the names and addresses of the customers at the grocery store. When I’d collected about 3,000 names and addresses, I mailed my first catalog. I realized the need for a direct catalog for hunters. I felt that with direct response

BACKGROUND: Bill Boatman’s rural upbringing lured him into hunting and an outdoor lifestyle. Prior to printing his first catalog in 1955, Boatman owned a small grocery store in the Ohio farming town of Highland. While running the store, Boatman bought space ads in hunting magazines plugging hunting dog accessories he also was peddling. That led him to start a catalog. Before putting the Bill Boatman & Co. catalog together, Boatman compiled his own informal mailing list, collecting and processing the names and addresses of his customers at the grocery store. When he’d collected 3,000 of them, which he deemed sufficient at the time, Boatman

Welcome to our groundbreaking benchmark survey on catalog/multichannel mailing and marketing practices! This is a joint venture with multichannel ad agency Ovation Marketing, and the first in what will be an ongoing, quarterly series of surveys covering different aspects of the catalog/multichannel business. The survey contains a statistical analysis of a questionnaire we sent to the entire Catalog Success e-mail list in late August. The first two questions screened out any noncatalog decision makers. That left us with completed surveys from 175 catalogers — 97 consumer, 78 B-to-B. Click on any or all of the sets of responses under “Related Content,” to the right.

These days, if you look hard enough, you can find some catalogers who can offer a nice bargain. But as we all know, by in large, catalogers have a tough time competing with retailers on price. Otherwise, it’s the product and service, stupid! Before you even consider offering top quality service, however, you better put your customers and prospects at ease, particularly when it comes to your Web site. Assure them that they’re dealing with a reputable company they can trust. Historically, the direct marketing business — later, to be joined by the e-commerce business — has always been plagued by fly-by-nights, leaving consumers

Rule of thumb: A catalog company can’t break even on the initial orders generated from prospects. Catalogers must be willing to invest to acquire new buyers to grow, or at least maintain, their 12-month buyer count. This month, I’ll cover the cost to acquire a new buyer, why it’s important to invest in prospecting and why you shouldn’t expect to break even on the initial order. Catalogers tell me they don’t want to prospect below the incremental break-even point. That’s a nice goal, but it’s not realistic. Today’s economics, such as postage costs, paper prices, etc., combined with lower response (an ongoing trend