Client Getting Bait: Example of how to land Big Ones

6 replies
American Express is sending out direct mail
that's lumpy.

Inside it is a replica red Ferrari.

Nice you'll be thinking.

What's the catch?

You gotta make a booking with a rep and when you meet,
you'll get the remote controller.

I know of one guy who got the free car but he was hanging out
for the remote.

Bingo, getting to talk with him about The American Express Platinum Business Card
was about to be achieved.

Pretty slick campaign.

Here's the image of the postcard....

Best,
Ewen

#bait #big #client #land
  • Profile picture of the author isaacsmithjones
    Lol cool. I like it.

    And just as a side note for newbies who might wanna try something similar:

    Make sure you know your numbers before you try something like this.

    At a minimum you want to have a fair idea of what your minimum conversion should be, and know your average lifetime values.

    That's how those time share people get away with giving away full holidays. That know they'll convert enough to make a profit.

    Knowing your numbers, and having a good lifetime value allows you to be really creative with your marketing.

    Thanks for the post Ewen.
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  • Profile picture of the author Jack Gordon
    I once heard a speaker tell a story of sending a very nice wood stand that held three autographed baseballs in it, each with a plaque below that had the name and vitals of the signatory above, each a beloved major league ball player.

    The catch (pardon the pun...) was that only one of the baseballs was included.

    The accompanying letter stated that they would get the 2nd autographed ball with a meeting to discuss their services. And the third autographed ball upon signing a contract.

    Pure brilliance.
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  • Profile picture of the author Jason Kanigan
    I've seen this with remote control helicopters.

    If you can get toys like this for a low investment, it can make a great tool to generate callbacks.

    Say your cost is around $30 to get the toy wholesale. Then you can use a nifty method I saw in a WSO to guarantee its delivery, if the prospects are local, for about $10/hr instead of racking up FedEx fees. The copy in the message doesn't even have to be that good--most people will want that controller.

    All these are for is to get you conversations. Not sales. They are icebreakers. So if you stick with it, you will start to develop some numbers: how many of these do you need to give out to get enough conversations to make a sale? How much does that cost in total?

    Your offer needs to cover your cost of fulfillment, profit, taxes, and this icebreaker total. It might take you 20; that's $600 + delivery fees right there. Say $1000 to get and deliver them all. The price for your offer must pay for that whole $1000 plus all the other costs of doing what you do, or you will lose money.

    It's easy to get into the thinking of "This only costs me thirty bucks!", but that is wrong and your business will become a money pit.
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  • Profile picture of the author Andrea Rillo
    The radio commander would have been free even if the customer didn't purchase the american express card?
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    • Profile picture of the author ewenmack
      Originally Posted by Terminator3018 View Post

      The radio commander would have been free even if the customer didn't purchase the american express card?
      To the best of Mt knowledge, yes.

      There is a lot of small print which can't be read.

      Best,
      Ewen
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      • Profile picture of the author ewenmack
        It would be interesting to see what they send out to women business owners.

        Best,
        Ewen
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