Data Cleansing Cost Comparisons

It’s a fact that mailing gone-aways and deceased names not only wastes money, but it also increases the environmental impact of any direct marketing activity.  Now, more than ever, your valuable marketing budget needs to work harder for you and mailing people who will NEVER respond to your campaign is a waste of time, money and resources.

It’s also a FACT that removing deceased and gone-away names prior to mailing saves money.  The chart below shows the MASSIVE SAVINGS which can be made by simply removing names which are known to be deceased or gone-away.

Data Cleansing Cost Comparison

With over 6 million people moving address every year and over half a illion people being registered deceased, your data can decay at a rate of about 7% per annum.  So on a data file of 100,000 names there could be as many as 7,000 un-deliverables!

Screening data prior to mailing also provides ADDITIONAL SAVINGS by deleting records not meeting the standards required to qualify for extra postal discounts under the newRoyal Mail Sustainable Mail scheme, visit the Royal Mail website for more details.

W8Data will provide you with a clear and concise summary of your data, recommend the next steps and help you to make your data work harder for you.  Just call 01489 796559 or email sales@w8data.com for your FREE data audit.

Posted in Uncategorized | Tagged , , | Leave a comment

W8Data confirmed as one of the “Experts” at the “Ask the Expert Forum”

W8Data are pleased to announce that we will providing a presentation and a series of one-to-one meetings providing advice and guidance on data cleansing and data issues at the “Ask the Expert Forum” on 3rd June 2010, Stratford Manor Hotel.

The idea of the forum is to be together experts from various fields to help people utilise their direct marketing channels more efficiently and effectively.

For more information please check either http://bit.ly/aUIbwA or http://www.catalog-biz.com/downloads/Ask_the_Expert_Flyer.pdf for more details. Or call 01489 796559

Posted in Uncategorized | Tagged , | Comments Off

Manage your data correctly… or lose your customers!

Towards the end of 2009, a survey (carried out by Callcredit Information Group Marketing Solutions) revealed that 88% of UK consumers would change their attitude towards a company if they were mailed using incorrect data.

We have long championed the importance of ‘getting it right’ when addressing consumers with offers and this fresh survey certainly supports that view. In addition there are, of course, the environmental issues to consider with poorly addressed communications.

Other key findings from the survey include:

*  40% would never respond to any marketing communications if incorrect data was used

*  33% would lose confidence in the brand

*  15% would never buy from that brand again

There is also a very important issue identified by the research – and that is the fact that 55% would not contact the company to update or correct their data. The more affluent the individual, the less likely they are to do this, with 70% of those having a household income over £40,000 and 61% of homeowners saying they would not bother.

Some worrying trends are also emerging in terms of the types of consumers who would be ‘turned off’ by a company’s poor data maintenance programme.

*  Females would be much more likely to change their perception of the brand than males

*  Older audiences appear to be especially affected, with the over 45’s age group being 5% more unlikely to respond to a communication than those aged 18-44

To discuss any aspect of Direct Marketing or Data Cleansing, contact us. W8Data can help you decide how to get the most from your data.

Posted in Uncategorized | Tagged , , | Comments Off

Direct Mail industry is optimistic about the future

According to a recent ‘Direct Mail Attitudes Survey’ conducted by Marketing Week, (October 2009), direct mail is still regarded as a valuable business channel by the boards and senior management teams of organisations.

The research reveals that 56% of marketers believe that direct mail has influence with the top executives or board members at their companies. However, 30% of respondents believe that direct marketing is not taken seriously at the executive levels of their companies.

Direct marketing basics such as targeting and measurability are still viewed as pivotal to commercial success. As a marketer from a large retailer reports in the survey: “Direct mail still provides one of the highest returns on investment when carried out in a targeted and controlled way.”

And another marketer from the financial sector adds “DM is often overlooked as ‘expensive’. But in terms of offering measurability of campaign and marketing spend effectiveness, it is second to none as a channel for customer acquisition.”

Marketing optimism is still holding up well with just 5% stating that economic climate has had a “very bad” effect on the industry, while 7% think that it has not been

affected at all.

Other key findings from the survey include:

  • * 45% of marketers use interactive direct marketing methods, with 33% using physical direct mail and 22% using both together.
  • * 42% consider a 5–10% DM response rate to be acceptable to their business … 34% are satisfied with less than 5% … and 2% demand an over 30% response rate.
  • * In practice, just 22% see a 5–10% response rate, while 52% of respondents see less than 5% response rate to their direct mail.
  • * Most marketers (38%) use DM as a “call to action”, 24% use it for new offers or discounts and 16% use it for general brand building duties.
    • * 61% believe that the Direct Marketing Association (DMA) should be in charge of regulating DM, 22% favour the Government, 9% think brands should self regulate and … 2%   believe that Royal Mail should take on the role.

On the whole an interesting and encouraging survey which largely supports the medium of direct mail which can be so powerful in building relationships with consumers.

To discuss any aspect of Direct Marketing or Data Cleansing, contact us. W8Data can help you decide how to get the most from your data.

Posted in Uncategorized | Tagged , , , | Comments Off

Business data ‘absolutely crucial to success’

While the overall news agenda has been dominated by the effects of the economic downturn, reports in the marketing world have thrown business data back into the spotlight.

The Direct Marketing Association’s recently launched environmental standard PAS 2020 calls on companies to ensure they maximise the efficiency of data by regular suppression and cleaning lists.

In addition, the announcement that a number of major firms, including Royal Mail and British Gas, have signed an Information Commissioner’s Office pledge to ensure they handle client data responsibly has shown that the issue remains as important to the direct marketing industry as ever.

The Personal Information Promise calls on firms to make it clear to consumers that they are committed to safeguarding the information they have on them, and at the launch of the new pledge, the Information Commissioner Richard Thomas described data as “good for business”.

It appears that this is a view shared by another industry expert, the Federation of European Direct and Interactive Marketing’s (FEDMA’s) marketing and membership manager Jorgen Nygaard Andreassen.

He has claimed that business data can be “absolutely crucial to the success of the campaign”, adding that firms should remember the simple phrase that “the better the data, the better results”.

The expert also suggested that the quality of lists can improve direct marketing by up to 80 per cent, depending on the product or service that a growing business is attempting to promote.

However, one of the major questions about business data is how and where should firms get their data from?

Two main options are available – as companies can either collect information themselves or approach a third-party source for help with the task – but Mr Nygaard Andreassen made no secret of which tactic he personally recommends.

“It is much more effective to buy or rent a list because then you get the added values included. To build a sustainable list takes a lot of time and money,” he explained.

He said that companies need to be prepared to ask suppliers about the meaningful return on investment (MROI) they could get from buying such business data, adding that providers should be able to give them information about the list’s impact on similar campaigns or response rates.

“[What is] important here is that the client is absolutely clear about what their target MROI is,” he advised.

So while it remains to be seen whether business data will continue as a major talking point in the direct marketing industry, it appears that it will be key to the promotional efforts of growing businesses across the UK for a very long time.

To discuss any aspect of Direct Marketing or Data Cleansing, contact us. W8Data can help you decide how to get the most from your data.

Posted in Uncategorized | Tagged , , | Comments Off

Direct marketing holds the key to weathering economic uncertainty according to latest DMA study

Direct Marketing has bucked the downturn in advertising by contributing £50.5billion to the UK economy in 2007, a growth of 15.4% on the previous year according to the DMA’s Economic Impact of the Direct Marketing Industry 2008

The research, which has been compiled by the Future Foundation, also revealed that employment generated by the direct marketing industry in the UK grew by 14% since 2006 to represent 3.4% of total employment and 1,009,000 people. This compares with 636,000 employed in the restaurant trade and 370,000 in market research and consultancy services. Expenditure on DM budgets has also reported a healthy 9.8% growth since 2006.

Consumer sales generated by DM now represent just over 9% of total UK consumer spend and are estimated to be worth £764 billion annually.

Victoria Bytel, Head of Membership & Research at the DMA, commented: “Direct marketing is a sophisticated way of communicating with customers; its targeted and timely approach means that businesses can promote the latest offers and deals in the most effective way to their key target audience. This gives businesses a high return on investment and consumers the best deals – particularly desirable in times of economic uncertainty.”

While DM has not always been considered the ‘sexiest’ form of advertising its strength lies in its return on investment, because it is an accountable medium which is designed to track and measure, thus enabling businesses to plan and invest wisely. As a result of this, even when the economy begins to slow,direct marketing continues to hold its own.

To discuss any aspect of Direct Marketing or Data Cleansing, contact us. W8Data can help you decide how to get the most from your data.

Posted in Uncategorized | Tagged , | Comments Off

Data hygiene is still the DM Industry's biggest challenge

It does not matter how good the marketing department are at targeting clients through profiling and other segmentation methods if the data they are working with is poor. Marketing departments do know that quality is everything but securing a good ROI needs the assistance of a data bureau or department. Want improved results, then improve your data! There is no excuse for marketers to overlook data hygiene as everything is in place be it in house, on line or as the result of a phone call, from running MPS to full data cleansing. Data security is very important and the main reason firms will not risk letting others look at it but do not be so defensive, use a good data bureau and sign a non disclosure agreement. Make your needs are very clear so that you get back exactly what you expect or better still, let the data bureau guide you through the various levels of services to see how they can enhance the data?

Posted in General Data Stuff | Leave a comment

An Environmental Print Industry

Ipex Preview – Environment – feature:The pressure has been on the print industry to be green for several years now and the signs are that the message is getting through, with ISO 14001 and FSC or PEFC accreditations now standard at most large commercial printers. The signs are that this year’s Ipex will take the environmental message even further, with the main manufacturers all keen to demonstrate their credentials”. There are minimum standards that all printers can employ such as ensuring their clients records have been put through a data cleansing service. It may reduce the amount of printed material necessary but will highlight the seriousness of the printer to deliver a green service and put the clients interests first.

“It is still a volatile market, but the green agenda is still very high on people’s list,” says J&G Environmental customer care manager Richard Spreadbury. “It’s all about the bottom line. The environment has a role to play in business.”

There are few businesses out there that can deliver cost savings to third party clients while providing an extra income stream to the printer under the green banner.

Philip ChadwickPrintWeek, 29 April 2010. Marc Ryan, W8data,  4th May 2010

Posted in Environmental mailing | Leave a comment

Hard times bring suppression to the fore

I think I can safely say that the last 12 to 18 months have been difficult for most businesses. At the beginning of the downturn, SPA members were largely optimistic about the future and not without good reason – it’s entirely logical to surmise that suppression would boom in a downturn.

After all, it is effective way of increasing ROI and savings for the end user and it drives revenue for resellers. Despite this, 2009 was not the boom year for suppression that many had originally predicted and no-one has felt this more than the data bureaux battling it out on the frontline.

In order for us to weather the current financial storm, we need to understand why things have been so tough for those of us offering suppression services. Perhaps it’s because companies are more focused on surviving and have put good data strategy at the bottom of their boardroom agendas. Or it could be that data volumes have fallen to their lowest level for 20 years?

SPA, which was set up a couple of years ago to both promote and demystify suppression, has continued with its audit programme (both overt and covert) that have identified that clients and resellers have very different perceptions about where suppression sits within the marketing mix. The latest audits show that misunderstanding and confusion still prevail among those bureaux audited.

It was found that the staff responsible for compiling the royalty reports had insufficient help and best practice guidelines from suppression providers. It is therefore of little surprise to find that most of the bureaux audited were found to have mistakes (some large, some small) in their reporting.

SPA recognises that there needs to be greater uniformity in both terminology and practice from your data suppliers and that we need to strive to encourage a higher level of engagement when it comes to providing royalty reports. Ultimately, it is never too late to update and improve your suppression practices. As has always been the case, good data strategy will save you money, protect your brand and enhance you relationship with your clients.

By Colin Lloyd, chairman of the Suppression Providers Alliance

Posted in News | Leave a comment

Readers Digest UK in Administration

Lets hope this publication, an institution in it’s own right, can be turned around and re-branded if necessary. Whilst the £125m deficit in it’s pension fund is a major factor in bringing the company to its knees, could it have operated more efficiently as a business in the first place?

‘The magazine also became associated with free gifts – from pens and alarm clock radios to encyclopaedias – as it looked to lure new readers. However, Reader’s Digest has failed to shake off its image as a publication favoured by older people and in dentists’ and doctors’ waiting rooms. Despite attempts to modernise, including launching an online edition, its readership in the UK has fallen dramatically from about two million in the 1990s. “In many cases its readers have been, quite literally, dying off, and nobody has been replacing them,” said BBC correspondent Nick Higham. “And the underlying business, like lots of other magazines has struggled, as people bought fewer of them as they migrated to the internet. That has made life very difficult.” As reported on the BBC news channel, 17/2/10.

Could the records held by the company have been put to better use with more use made of data cleansing and suppression bureaus? Often overlooked as a method for reducing company cost, data cleansing should be initiated at the start of any costs saving exercise. It is criminal how much miss-directed direct mail falls on the door mat, residential and corporate. Apart from the environmental impact which is now a major topic of conversation the man hours spent dealing with the knock on effect, mail rooms, IT dept’s, etc is very  costly to business.

Posted in News | Leave a comment