December 29, 2016
Marketing metrics are an important part of understanding the effectiveness of your marketing campaigns and how much business they bring in. The “response rate” is a metric that tracks how many potential customers contact you from each campaign, such as the postcards you mail out.
Customers like to undestand what results postcards will bring them. To find out, they need to track the response.
Why track response rate? Consider these benefits.
- Learn which marketing campaigns bring in quality leads and the most moves
- Discover the most reliable forms of marketing
- Learn more about how and why your customers call you
- Understand how many leads it takes to get one sale; which is also known as your conversion rate
Response rates are easy to track and provide a wealth of helpful data and information you can use to save money AND make money.
5 Tips for Tracking Response Rates
Tip #1: Use one standard tool to track all your response rates.
Tracking all marketing campaigns in one tool is the best way to compare what works. At a glance, you can compare how many leads came from each campaign.
CRM systems, or “customer relationship management systems”, are used to house all the information about your clients, including their marketing information and sales history. You can find many free or inexpensive options online. MovingsLeads.com will send you a weekly excel spreadsheet that can be imported into your CRM system.
Or just use the excel spreadsheet! Simply add a column for “Marketing Source” and you, your sales team, or whoever answers the phone can mark the source of each call.
Tip #2: Always Ask Your Customer What Made them Call
When a potential mover calls, your sales person needs to ask them a couple simple questions about why they are calling. A common way to do this is to ask, “How did you find us?” This is a good start but doesn’t always lead to the correct answer.
We recommend you ask this series of questions.
1st Ask - “How did you find our phone number today?”
Be prepared for the caller to respond, “From your website”. (Note: We find that customers that have received your postcard will go to your website before they call.) "From your website" is a very typical, and possibly misleading response because the original source could be a referral or postcard. The follow up question should be:
2nd Ask - “What led you to our website?”
This will often reveal the real source of the lead. Potential answers include:
- Google Search
- Saw it on a postcard
- Saw an advertisement
- A recommendation from my real estate agent or friend
By adding these answers to an excel spreadsheet or CRM system, you can start tracking which marketing tools are driving traffic to your website and ultimately the source of the call.
Tip #3: Include a Unique Offer
By including a “Call to Action” or special offer on your postcards, you can increase response rates. Including a compelling offer like, “Mention this postcard & save $50!” will make your postcard memorable and your customer is more likely to mention it when they call. The use of "CTA's" ends up being a great way to track response.
Three Tips for Creating Call to Actions
1. Include an action word. “Call us!”
2. Make the offer unique & compelling.
3. Add a coupon code that they need to reference.
Consider having different offers for different marketing campaigns. The CTA on your Google ad should be different than the CTA on your postcard. The key is to use it to track the initial source of each call.
Tip #4: Track Website Traffic
No matter how a lead first hears about you, odds are they will check your website before they call you. By monitoring website traffic, you can learn valuable information about the response rates of your marketing efforts. Basic website traffic tools tell you if they typed your website in directly into the browser bar, meaning they read it off an ad or postcard. You can also track referral websites, search terms and more. Below you'll find tips on using your website for tracking response rates.
Use a Unique Landing Page
Create a 2nd version of a webpage of your site and then use that url on your postcards or advertising. The unique visitors that come to that page are those that saw the website url on that specific marketing piece.
Install and Monitor Google Analytics
Google analytics is easy to install and to use. It will provide a wealth of information about who is on your site and what they are looking for.
“Ask” on Online Forms
Put a “How did you find us?” question on your online forms that includes options such as; Google Search, Got a Postcard, and Personal Referral.
At Movingleads.com, we are committed to success for our customers and our long-term client relationships prove that.
Take it from one of our customers.....
“We like MovingLeads.com so much. We tell everyone they should be using their service! We have had great success and have seen a steady increase over the years of moves booked from these leads.” V. Hardwick, CA
By signing up for automated postcards and fully tracking responses, you’ll KNOW that you are booking more big moves because of postcards.
Are you ready to get started? Signing up for our automated postcard program is easy and takes only a couple minutes. Call us at (303) 443-0767.
Categories: Building a Sales Pipeline