While I was still in school, I always enjoyed math class. I’m feeling a little mathematically inspired right now.
Remember word problems? Let’s work through one together. We’re going to combine two direct marketing axioms to see what we come up with.
#1. “If you want to dramatically increase your response, dramatically improve your offer.” – Axel Andersson
#2. Ed Mayer’s 40-40-20 Rule. Mayer gives us a breakdown of what determines the success or failure of a direct mail package which I’ve found applies to pretty much any marketing message. Simply stated, 40% of the effectiveness of the message depends on the quality of your list. One thing I talk about all the time is understanding your target market so that you can communicate with them in the most compelling way. 40% of the effectiveness comes from the quality of your offer, and 20% from the creative (copy, design) itself.
(Side note: Denny Hatch estimates that the ratio is 70% offer, 10% list, 20% creative for internet direct marketing.)
We see that Andersson and Mayer are really agreed on the point. If you want to get the biggest bang for your buck in response to your marketing efforts, you must improve your offer. Pretend you’re the Godfather and make your customers an offer they can’t refuse. Claude Hopkins said that “The right offer should be so attractive that only a lunatic would say ‘No’.”
Using the same logic and math, you’d get identical or very similar results by improving your list. But taking that approach is less controllable. Once you know your customers really well, there’s not much you can do to improve your list. You can almost always improve your offer. You can nearly always give more.
Don’t tell any of my copywriting colleagues that I’m letting the 40-40-20 Rule out of the bag. According to Mayer, the creative part of your marketing has less effect on response than the other elements. So rather than running out to hire one of us, or trying to rewrite your message yourself, give your offer priority. Then focus on your list of potential buyers. Make sure you’re giving as much as you can profitably offer to an audience whose desires, fears and problems you are increasingly familiar with.