Play your (business) cards right

Posted by Dean on 05 Feb 2010 | Category: Hints & Tips

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How often do you look at a business card that someone gives you? The answer, suggests Rob Brown, author of How to Build Your Reputation and speaker on business networking, is four times at most. When they give it to you; when you return from where you met them and look at it (and others that you may have collected); when you decide to file it, scan it or bin it, and when you want to use it or pass it onto someone.

These days, with electronic media connecting us more and more, do we need business cards at all? LinkedIn, Twitter and Facebook all allow the exchange of information and contact details without the use of anything as antiquated as small pieces of card overprinted with ink.

But face-to-face meetings are what build trust — and trust, as the Nobel prize-winner Oliver Williamson has written, lowers transaction costs. Put another way, if you trust someone, you are more likely to do business with them. So meeting people is important. After you have met them, what remains? Your business card. Which, if it is only viewed four times, has to be as powerful as possible.

As Andy Green, the author of Effective Personal Communications, says: “Your business card is a vital part of your brand armoury. It has to do both an instant job in telling your new potential life-changing encounter about you, how you can make a difference, and ideally any future aspirations — and also be a legacy item, to live on without you, weeks, months and even years after the encounter.”

So what are the rules to follow if you want a successful business card — one that will convey your message and turn into a useful source of business? Opinions vary but the following sum up both the wisdom and experience of the experts.

1. Clarity of purpose

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What do you want people to do with your card? The managing director of Dolce Vita, the online luxury magazine, does not have his telephone number on his card — just the website address, www.dolcemag.com. Why? Because he doesn’t want people calling him, he wants them to log on instead. Most importantly, make it clear what you do. “Your business card is often all people have left after meeting you. If it doesn’t scream out call me’ or refer me’ then why did you have it printed in the first place?” says Rob Brown.

 

 2. Use a photo
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I shudder at this, not least because I hate photos of myself on anything and cannot imagine a time when I would agree to put them on my business card. Indeed, I confess that I would almost go as far as saying that it showed a distinct lack of class to do so. But Brown and Green are united in their support of this idea.
“You have your photo on your website,” says Brown, “so why not on your business cards?” Green goes further. “I also like the creative use of an ID photo on your card. Don’t be boring — one of my favourite examples, Paul Kerfoot of Bulletpoint Design, has half of his face on one side and the other half on the reverse side of the card.” If you are going to embrace this idea, get a decent photo.

 

3. Be Different

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“Recall of you and your business is easier with more memorable hooks’ and images,” says Brown. “A good friend in business consultancy writes out all his cards personally on various high-quality pieces of card. Every card is therefore unique and memorable.”
Here, I heartily agree — I will always remember meeting William Whitehorn, now president of Virgin Galactic, back in the days when he ran all the PR for the Branson empire. Prominently on the card he gave me was the statement “white with one sugar”, which I take it is how he likes his tea or coffee. It made a big impression on me, and was clearly designed to break the ice.
Several years later, when I had bought my own company and we were redesigning our brand, I asked for all our cards to have something very personal on them that could also start a conversation. Now, each member of our team has a black-and-white professionally shot photograph on the reverse — no, not of themselves, but of an activity or object that they are very associated with. They vary from feet clad in ballet shoes, for a former dancer, to a set of football lights for someone who is passionate about the sport.
This illustrates another important maxim, namely to use the other side of the card. Green describes cards that stand out as “sticky” — “not literally, but make it memorable, so the impression you make sticks well beyond your encounter. I have a hole punched in my card (an idea suggested by my then 13-year-old daughter). The number of times I have had people subsequently say to me: I remember you. You’re the guy with the hole in his business card’.” One tip from me, though, is not to make it different by making it much larger than standard size — a pain in the neck to file.

4. Always, always carry your business cards…

Have some in your car, your handbag, your wallet, your briefcase, your pocket and a box of them on your desk to refill everything regularly. Never run out. I attend many black-tie events and hate carrying a bag, and so at one stage had a floor-length velvet evening gown made with a pocket under the hem the exact size of business cards to keep them in. “Always carry your card,” says Green. “You can have a networking encounter at the supermarket, picking up the children, in the unlikeliest of places.”
Your business card, says Brown, is a crucial tool in your business toolbox. “Like a great CV, a solid handshake, a compelling elevator speech and a nice suit, it helps to form a great impression of you that makes people want to call you, connect with you and engage you.”
And that from a man who is on LinkedIn, Facebook and Twitter. Business cards are not redundant. In a world full of information, they are more important than ever.

Firms Hold Fast to Snail Mail Marketing

Posted by Dean on 05 Feb 2010 | Category: Hints & Tips

Despite Prevalence of Digital Media, Entrepreneurs Find Old Fashioned Direct Mailings Still Key to Winning Customers

Wall Street Journal, 12 January 2010

Looking to cut costs amid the recession, Alicia Settle initially thought it would be a good idea to eliminate her company’s annual direct mailing.

Spending about $20,000 on the personally signed letters, which offered customers a discount on early orders, seemed indulgent for Per Annum Inc., which sells city diaries, albums, and planners in the struggling corporate gift market. But after swapping snail mail for email last year, Ms. Settle saw a 25% drop in early orders compared with the same period the previous year.

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"We realized we had made a huge mistake," says Ms. Settle, president of the New York firm.

The affordability of e-marketing, along with the explosion of social media and the desire to trim costs in the recession, has prompted many small companies like Per Annum to slash traditional direct-mail budgets. U.S. consumers received about 5.2 billion pieces of direct mail in the third quarter of 2009, a 27% decline compared with 7.1 billion in the same period a year earlier, according to Mintel Comperemedia, a research firm that tracks direct-mail marketing.

However, some entrepreneurs who were quick to write off direct mail as too pricey or passé are finding it’s not so easy to dismiss.

Ms. Settle says that at first she blamed the economy for the dropoff, until she "started hearing from customers that they never got their ‘reminder’ in the mail." Ms. Settle quickly sent a postcard mailing in June, which recouped the 25% loss, she says.

Costs are still taken into account. Many entrepreneurs find that the boiler-plate methods of the past—such as purchasing mailing lists and sending fliers or coupons to a mass audience—often aren’t cost-effective. Instead, business owners are creating personalized mailings, which may include special offers or other valuable information, and sending them to a hand-picked list of current and prospective customers.

The idea is to send something that’s more appealing than "junk" mail and potentially more noticeable than an email message, says Eric Anderson, a professor of marketing at Northwestern University’s Kellogg School of Management. That allows business owners "to offer a personal touch the larger firms may not be able to have," he says.

To save money, Peter Taffae, founder of ExecutivePerils, a Los Angeles wholesale insurance broker, stopped his small firm’s humorous postcard mailings last year. The colorful marketing pieces showcase the insurance broker’s offerings through satirical movie themes, such as "Full Metal Policy," a parody of "Full Metal Jacket" and "Singin’ in the Renewal," from the classic film "Singin’ in the Rain." About 2,000 current and potential clients received the postcards, which cost the company $4,000 to send out every four to six weeks.

Customers complained when ExecutivePerils dropped its humorous postcards.

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"We would visit some clients and notice they were hanging the postcards on the wall, collecting them," says Mr. Taffae, who says he secured $270,000 from a new client who chose to do business with the firm in late 2008 after receiving the postcards.

"After two or three months [of no postcards], we got a lot of emails and phone calls asking us, ‘Did you take me off your list?’ I figured if even 1% complained, then a much larger percentage were thinking about it," says Mr. Taffae, who restarted the postcard mailings in November.

William Kapas, president of J.C. Kapas Real Estate Co. in Rochelle Park, N.J., says he has secured clients as a result of his high-gloss, four-color monthly mailings that list who has bought or sold restaurant properties though the firm.

"Our clients look forward to knowing, and it’s a little bit of gossip, too," says Mr. Kapas, who exclusively uses traditional mail to reach clients. "I think it’s easier to delete the electronic junk mail without taking a second look."

Mr. Kapas spends about $1 a piece for the monthly mailings, sent to about 2,200 current and prospective customers.

Prof. Anderson says other business owners are trying to figure out how to integrate Web marketing—such as email campaigns, banner ads and social-networking sites—with direct mail. "The introduction of new media has forced [business owners] to go back and revisit the whole playbook on what’s the best way to communicate with customers," Mr. Anderson says.

Ms. Settle, for instance, plans to use e-marketing to complement the hand-signed direct-mail piece, not replace it.

Meanwhile, Mr. Taffae is starting to take his satirical marketing approach to YouTube; he’s created a parody of F Troop, the 1960s sitcom, to promote his firm online.

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