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CompanyNewsletters.com
wrote the following article for Money Mailer's Salt Lake City customer newsletter.
Money Mailer specializes in selling direct-mail coupon advertising to small
businesses. The article is being reprinted here to show how impactful and
persuasive a professionally written article can be when featured in your
company newsletter. In this particular example, you can see how a company's
customer success story can be used to attract new business and increase
repeat sales.
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| Glade Baldwin |
Baldwin has successfully banked on the fact that, even though the pharmacy takes a loss after selling a prescription for $20 off, it recoups that profit if the person becomes a long-term customer and returns for monthly refills.
And Baldwin, who is also the store's primary pharmacist, does all he can to give the personalized, friendly service that keeps customers coming back.
"I try to get to know one or two things about every customer," Baldwin says. "The pharmacists at PayLess, Kmart, Wal-Mart - or wherever - just will not do that. There's no incentive for them to do that."
As an added personal touch, the store even sends birthday cards to all customers who are listed in the pharmacy database.
Baldwin also emphasizes his personal relationship with customers through his ads. In the top left corner of every Money Mailer ad, you'll see his photo.
"I want customers to walk in and say, 'I recognize this person,'" he says. "Under my picture, I tell them 'I want to be your pharmacist,' because people want to feel wanted."
And customers have noticed.
"After doing this for about a year and a half, I had this little Eastern European man come in, and it was so cute he said, 'I want you to be my pharmacist.' He didn't have a coupon, but he said 'Your picture is on my refrigerator at home, and I want you to be my pharmacist.'"
Judging from customer feedback and the pharmacy's growing bottom line Baldwin knows that his Money Mailer coupons are effective.
"The coupons do two things," he says. "They reward your old customers and keep them coming in. At the same time, they draw in new customers."
Hyland Pharmacy has been a Money Mailer client for two-and-a-half years. Baldwin has experimented with and made minor adjustments to his ads and coupons over the years, but he avoids making major changes.
"I'm very consistent with what I do," he says. "I don't completely change the layout every time. I fine tune it, but I don't throw it out. That's something that (the book) Guerilla Marketing told me to do: Hang with it for a year, then fine tune it. But don't give up on it."
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He says that Money Mailer is an ideal place for small businesses to test and perfect their ads.
"Find a medium like Money Mailer that is affordable and allows for fine tuning," Baldwin says. "There are some mediums you can use, and every time you make a change in your ad, they nickel-and-dime you for $35 or $40. Money Mailer does not."
Baldwin says Guerilla Marketing taught him a lot about how to effectively advertise and promote Hyland Pharmacy. He read the book several years ago and has incorporated many of its concepts into his marketing strategy.
For instance, he learned that, on average, consumers must see your ad four times before they'll take action. However, the average person only sees one out of every three ads that you run. That means a typical ad must run 12 times before the average consumer takes action.
After reading that, Baldwin realized why his previous coupon marketing efforts flopped. "I used to do a big splash with my ad one or two times. I'd get very little results, then I'd quit. So I realized I had to be more consistent."
Once he started running his ad and coupons in each Money Mailer, which gets mailed out every 6 weeks, he started seeing results.
"Money Mailer is very cost effective," Baldwin says. "I always do the 10,000 homes in our zone, and then another 10,000 in the zone around me."
Baldwin sets aside about 4 percent of Hyland Pharmacy's gross sales for marketing. He recommends that, to be successful, other small businesses also commit to an advertising and marketing budget.
"Make a true marketing budget," he says. "Live with that budget for an entire year."
Even though Hyland Pharmacy spends more on marketing than many other small businesses its size, Baldwin believes it's an excellent investment.
Says Baldwin: "The question I ask (business) people is: Would you spend $500 to get $2,000 handed back?"
To learn more about the author's firm and how it can produce printed or online newsletters for your company, see http://CompanyNewsletters.com or call 952/892-6943.
To learn more about Money Mailer of Salt Lake City, call Glen Funk at 801/550-9757.
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