Financial Services Journal
 

   

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The 7 Deadly Sins of Advisor Marketing

by Martin R. Baird


Attention-grabbing envelopes improve financial advisors' direct mail efforts

Financial advisors who use effective, well-prepared direct mail materials to drum up new business will be handsomely rewarded for their efforts, but only if they take a hard look at what they're putting the mailer into - the envelope.

If the envelope looks like junk mail, odds are it won't get opened.

It's very simple. For your message to be read, the envelope needs to get opened. But statistics show that as much as 98 to 99 percent of mail is unopened. You need to use your envelope to get the prospective client's attention.

Here are some ideas on how to create an irresistible envelope.

Don't use mailing labels
Neatly write or print the addresses on the envelopes, including the return address. If you don't have the time, then pay someone to do it for you.

Use a colored pen
Address your envelopes with a colored pen. Blue is good because it stands out and doesn't look computer generated.

Used colored envelopes
Optical scanning equipment at the post office may not like colored envelopes but you will when your sales increase.

Use stamps
Use first-class postage and print FIRST CLASS in several places on the envelope. An inexpensive rubber stamp with red ink gives the envelope an official look. And instead of slapping one first-class stamp on the envelope, use several stamps in smaller denominations.

Include a short message
Print or rubber stamp a short message on the envelope.

Window envelopes won't work
Don't use envelopes with windows. They look like traditional junk mail. They also look like you don't care enough to hand address the envelope.

Try large envelopes
Envelopes as large as 6x by 9x inches or even 9 by 12 inches may be more expensive, but they will get opened. Think of it as an investment.

PURCHASE THIS BOOK


Martin R. Baird is president of Advisor Marketing, a full-service marketing management firm that provides a variety of services to financial advisors to help them improve their marketing methods and increase revenues, including seminars and conference speaking engagements on such topics as referrals, marketing, client communication and transitioning to fee.

The firm's Web site,
www.advisormarketing.com, offers free marketing information and tools for financial advisors, including a free weekly e-mail newsletter. Baird is author of "The 7 Deadly Sins of Advisor Marketing," a book that offers easy-to-implement marketing ideas for advisors. Baird may be reached at mbaird@advisormarketing.com or by telephone at (480) 990-1775 or (800) 279-1775. Visit www.advisormarketing.com for marketing tactics that will help your business grow.