| Allow me to introduce you
to the mysterious "E-Factor." It's mysterious
because it has two meanings.
Both meanings will help you get more business from any
promotion you do. So without further ado, here's how you
can use the "E-Factor" to make more money:
- Put "E-Factor" in
your testimonials and copy
Did you realize the very best source of new business is
almost always a prospect who has been referred to you by
a friend or trusted business advisor? It is. Think about
this in your own life.
When you need an accountant, or an attorney, or a doctor,
or for that matter a hardware store in a new town, you'll
probably turn to someone you know, whose judgment you trust,
to refer you to the service or product provider you're looking
for.
OK. But what does that have to do with direct mail and
Web promotions?
A lot. People are always on the lookout for sources of
advice they can trust. However, since you can't always rely
on giving every prospect for your business personal recommendations
from the prospect's friends, neighbors and advisors they
actually know and trust, you do the next best thing: You
give them copy with recommendations from people who seem
like the people they know and trust.
How? By putting testimonials and case studies in your copy
involving people who will fill the role of trusted friends
and advisors.
Many marketers do this but they don't get the desired effect.
Why? Because they haven't put enough productive effort into
the research that pays off. This is in-person research -
especially one-on-one "casual" research, as opposed
to formal focus-group research - with their actual customers,
and people who are a lot like their customers.
This high-payoff research gives you in-depth working understanding
of how your prospects think and act in the world -and how
they look at things and make decisions. When you have this
understanding and you weave it into the language of your
descriptive copy and your testimonial quotes, it's called
"empathy."
"Empathy" - that's the first meaning of "The
E-Factor." Increase empathy in your copy and you'll
increase sales. - Profit from the second meaning of the
"E-Factor" as well
There's another, equally important meaning. Before I tell
you what it is, let me give you a big, fat hint. In his
book The Entertainment Economy: How Mega-Media Forces Are
Transforming Our Lives, author Michael J. Wolfe points out
that American consumers put 8.4% - about one dollar out
of every 12 - into some form of entertainment. Currently,
that adds up to $480 billion a year.
As a side note, Hollywood productions - films and TV shows
- bring in the second largest amount of money from overseas
back into the U.S. economy, after aircraft sales.
Yes, the other meaning of the "E-Factor" is entertainment.
It's huge. And it applies to marketing and selling. As the
late (and great) David Ogilvy reminded us, "People
will not be bored into buying."
But beware. Many a copywriter less talented and, more importantly,
less thoughtful than Mr. Ogilvy has made the fatal error
including humor, fantasy, drama or thrills in a promotion
in such a way as to not specifically move the sales process
forward.
And that's dangerous. Even deadly, sometimes. Here's why:
When you include entertainment, people's attention will
invariably be drawn to it over anything else. And when entertainment
does not directly support moving the sale forward, then
it automatically detracts from the sale.
There are dozens of examples. The lying Isuzu salesman.
Sales went down. "Plop-plop, Fizz-fizz." Sales
went down. I'm sure you have your favorites of entertaining
ad campaigns that bombed. Now you know why.
Entertainment isn't bad. But not painstakingly linking
the entertainment to the forward motion of the sale is bad.
Very bad.
So, how do you add entertainment value in such a way as
to increase the sales effectiveness of your promotion? Several
ways:
- Tell a dramatic story where your product is the hero
and saves the day for the human involved. My favorite example
of this is the newspaper ad for Joe Karbo's legendary book
"The Lazy Man's Way to Riches."
In the ad, Mr. Karbo talks about his "Lazy Man's Way"
which he promises to reveal in the book he's selling. He
tells how, before he knew the "Lazy Man's Way,"
he used to work 18-hour days, 7-day weeks and was still
perpetually in debt. But after he learned the "Lazy
Man's Way," he became financially independent by working
less and in fact became very wealthy.
This incredible ad combines drama with sales power in an
unbeatable way. And it worked! The ad sold 3 million books
by mail order!
- Use humor that adds emphasis to the value of your product
or service. When you get past the laughter, most humor in
ads just shows off the cleverness of the creative team who
created the ad. (You might say it also shows off their lack
of concern for creating sales.) A positive example, where
the humor shows how the product is so worthwhile, is the
old (and very successful) series of Seinfeld commercials
for the American Express Card.
- Use exciting, colorful language in testimonials when
customers are talking about the virtues of your product.
But make sure it's believable. And don't make fun of the
fact that you're selling something, any more than you would
go to target practice and fire the first shot into your
own foot. At all times, keep your eye on the target - increased
sales!
So let's review. How can you use this information to make
more sales in every promotion? Take stock of its Empathy
and Entertainment Value. Be single-minded. Take out everything
that takes away from the sale, and keep in - or boost and
strengthen - everything that furthers the sale. Build the
strongest possible promotion at every point along the way
- and watch your response rate soar!
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