Postcard Marketing In An Online World: Success Simplified!
Just to briefly give you a little bit of background, I funded my equipment — my manufacturing equipment and my real estate — with something called an IRB which is an Industrial Revenue Bond. And that's just money that's backed by the government but you have to have a bank kind of take the lead on it and we went through Bank of America. And I was like the golden child — they couldn't stop throwing money at me from the time I started my company.
We were just growing hugely every single year. And then, in , if you recall, the mortgage industry, and the real estate industry, and the banking industry kind of went to hell in a handbasket. Everybody was defaulting on their mortgages and the banks were losing so much money, they went looking for, "How could we get a bunch of money really fast? But I got a phone call from Bank of America — a woman in their Special Assets Department — and she just was telling me that they were calling my loans and they were going to be due in 30 days.
And, if you looked at all of my — and this was not just on my building and equipment, this was on all the real estate my husband and I bought over the years we —. And she basically — I didn't understand it — but she was telling me that we had broken one of our covenant agreements and I was like, "What covenant agreement? We pay every month.
Well, looking back in hindsight, I'm just kind of curious — what exactly happened? Did they ever come back and explain themselves? How can we understand this as listeners right now what went down? What went down is, honestly, it just had to do with what was going on in banking at that time and there really wasn't anything logical about it. In the end of the story when we were finally refinanced by another bank, we were still growing and they were now trying to actually trying to win our business back and we did wind up… The whole thing was a nightmare — and I know that this is a short interview and I don't really know how to explain it quickly to you so that the listeners would understand exactly what happened — but I think, probably… We didn't even have a CFO back then.
We didn't even… anything I did, the banks were throwing money at me so it was kind of like, suddenly, I realized, "I need a CFO. I have to have audited financials. I have to be able to show things and do things in the proper way that nobody cared about before. So the takeaway from… I grew up really fast. I'm an entrepreneur that has no formal education, no college degree in Business or any of this stuff so it was like I was kind of like a goofy girl who was doing really well and everything I touched turned to gold and, the next thing you know, there's this huge behemoth bank trying to take it all away from me.
Fire Nation, you need to have the right people in the right place as your business is growing — you have to invest in your business because, these type of things, you can't control that are outside of your periphery like what happened in and and beyond. You have to be prepared for these types of experiences so that you can live to fight another day. Now, Joy, I'm going to kind of pull back from that story because you did a great job in a very short time sharing what happened and the struggles you went through but let's talk about another story — this one being one of your greatest ideas to date.
Maybe that's for PostcardMania, maybe… It's your call because you know our listeners — we are entrepreneurs — what's that a-ha moment? Tell us that story. This is actually really good and I feel like your listeners can get a lot out of this, especially if they're in an industry where they have a lot of competition. So, when I started PostcardMania, we were the only company selling these inexpensive, full-color, super glossy postcard marketing campaigns directly to small businesses — I had no competitors. And then, before you knew it, they were popping up all over the internet and my product became a commodity.
So nobody wants to be the cheapest at what they do. Nobody wants to sell their product for the cheapest and keep having these price wars with competitors. So I had to take a look at what was I going to do to differentiate myself and I went down a path of really figuring this out. And what I looked at was what's the most painful thing my prospective client would feel or what would they hate the most about buying my product — whether it's the process, the cost, or whatever it is — what thing would they like the least?
And what we realized is that small businesses have thrown away money on marketing over and over again where they spent money on marketing and didn't get the result that they were promised or that they had hoped for.
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So how could I take that pain and sort of alleviate it for the customer and move myself out of being someone just offering the same commodity of printed postcards that get mailed? And so what we did is we hired a results manager — somebody whose job, 40 plus hours a week, was to go through every campaign and get all the details of every campaign — what worked, what didn't work — by industry and catalog all those results by industry.
And, that way, we could share that information with our prospects before they become our customers and that would make us an opinion leader in their field so that they could have more trust and not feel like, "Oh, am I going to throw this money away? Is this going to work? And that really was an amazing idea and I really thought that all these other companies were going to jump onboard and copy us because so many companies copied us from… as the internet grew, so did this industry and we just got copied all over the place.
But you have to actually hire someone and pay them a salary and they have to be smart — and it's not a small salary to do this job — so none of my competitors actually went after this. And the takeaway for your listeners is to figure out how you can be different and not have an atmosphere, or a product, or a service, or a portion of that that disenfranchises your customers.
Fire Nation, there's a lot that you can be taking away. Just what Joy said is a great point but, also, the differentiating point. We, as entrepreneurs, we have to differentiate ourselves; we have to bring forth that unique thing to market, so always be thinking about that. What is going to set you apart from the noise, from the competition? Just what you just said: And figure out how to say it in a way very concisely so that, if somebody says, "What do you do?
So you have to figure out what can you do…?
You might have to change your entire business process to be able to have something that's different but it really paves the way for a lot of success and just beating out your competitors when you do that. So let's kind of move to today because you do have a lot of really cool things going on and I think that Fire Nation would love to know what are you most fired up about right now? Oh, I'm fired up about Direct Mail 2. When any business owner mails out direct mail, the first thing that they think is, "I wonder when is this piece going to hit?
So let me go over the three components really quickly. First, we add a mail tracking code and, that way, the business owner can log into a portal and they can see exactly when those postcards are going to hit mailboxes and they can also see the predicted delivery date and the actual delivery date. We also put on a phone number that's not your phone number — we call it a "call tracking phone number" — it goes through the cloud so it basically rings in your business but it's picked up in the cloud first where it's recorded.
Postcard Marketing In An Online World: Success Simplified!
So you can log in, you can see exactly how many phone calls came off of that specific direct mail piece, and you can also listen to the calls so you can quality control check your sales people and your receptionists, and also call people back that call at night, and hang up, and don't leave a message because those leads are very valuable and you're spending money on them. The most exciting part, though, is that, every person that gets that card, if they're interested in what you have, they're going to go to your website first.
That's what everybody does first before they pick up the phone and call a business. They do their own due diligence and 96 percent of the people that go to a website take no action when they get there. So what happens, when somebody gets your postcard and they are interested, and they go to your website, we cookie them.
That just means that we follow them around the internet so that, when they leave that website and do nothing — which is the most likely thing — they'll see ads that look like that postcard all over the internet, all over the Google network, thousands of times so you get that repeat message over and over and over again with that one mailing.
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So that really fires me up because we've watched our clients that take advantage of Direct Mail 2. Fire, Nation, this is just something that we have to understand here in and beyond — we are going to have to be in front of our potential clients and customers multiple, multiple times to build the know, like, and trust it is going to take for them to take action and make a purchase to invest in us — critical stuff. So, Fire Nation, invest your time in the upcoming lightning rounds after we thank our sponsors.
I am an entrepreneur so I really didn't have anything specific holding me back. I wasn't at a job where I was making a lot of money so it was like, "Well, let me see if I can do this and, if I can't, I'll just get another crappy job. About three years into my owning my business, a friend of mine that I used to work for told me that I should pay myself first. And this was completely contrary to everything that I'd ever heard but he said, "If you pay yourself first and you pay yourself well, you will have the necessity to make enough money to pay all those other things. But, if you put yourself last, you'll always be last," kind of thing.
And I was like, "Wow," and I just gave myself a big old raise and it's just been going great ever since. I would recommend backlinko. And, if you don't know anything about search engine optimization, I would probably say it's too advanced but I am in love with his blog and everything that he teaches. I would recommend a book by a guy called Steve Krug. It's called Don't Make Me Think and, basically, it's about websites, the way they look, and the user experience. It's a very easy read. Any business owner that has a website needs to read this book. Joy, I want to end it today on fire with a parting piece of guidance from you, the best way that we can connect with you, and then we'll say goodbye.
So my parting piece of guidance would be this: They're always struggling with, "I need more, I need more," but they don't realize that they have to 10X in their mind whatever they think the proper amount of outflow is.
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Does that make sense? And what I'd like to do is offer a copy of my book to any of your listeners. It's called Postcard Marketing in an Online World: Success Simplified and I break down how to do direct mail correctly and how to incorporate it into all the different online tactics as well. And you can download it for free at postcardmania. And is there any other place you want Fire Nation to learn more about you or your company? Just go to postcardmania. And the author addresses that right away. Lots of full color samples of profitable postcard campaigns. The case histories of what works in different industries is worth the price of the book alone.
The author said that the first few years of her postcard printing and mailing business, the only way she marketed was by using postcards. She gave the best reason in the world to use postcards; You can't scan a postcard without getting the sales message. Everyone who gets your postcard will see your offer. Her chapter on mailing lists covered new territory. She explains how to use your own customer list to figure out your most profitable market segment, and how to market to them through postcard mailing.
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- Ghost of the Ax Grinder;
- Stasis Leaked Complete: The Unofficial Behind the Scenes Guide to Red Dwarf.
This is a thorough course in the subject. In fact, I do advertising seminars for small business people. This book convinced me to use postcards as the lead generation tool. Book is a good read but don't order the sample postcards from the authors website. They call you over and over. I know of a young man in the Dallas area who has built up and sold a pest control business three times.
He has done it through postcard mailings. He says it is strictly a numbers game. This book confirms his method. I own an irrigation contracting business and am going to adopt this technique. Wow, I read the reviews and Joy Gendusa's book brought alot of things to my attention that I have forgotten about marketing, and will hopefully give me another gateway from which to reach my target clients.
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