What’s more important than a strong offer? Aside from great targeting, almost nothing beats a great offer as a campaign performance indicator.
But so often, what we see from our birds-eye view, is a great strategy, great product, great target audience, a great mix of mediums, and then BAM! No offer. Or just as frustrating, an offer that is an after-thought. And let’s face it, gone are the days of the unrelated offers. Budgets are too tight to risk flooding your sales team with unqualified prospects who are only calling you back because they want a golf club.
Your offer is crucial to the success of the campaign. There is a delicate balance in generating quality responses from your campaign AND making sure your offer aligns with where the recipient is in the buying cycle. Particularly for complex solutions (in b-b, especially) or high-price products (in b-c), the offer’s job is to guide the prospect through the buying cycle and align with their level of interest and commitment.
Early on in the buying cycle when responders are likely just researching your general product/industry landscape, offers should be educational and low-commitment. This is not the time to ask them to attend an all-day event. The early education phase should not take up too much of their time, not require too much information from them, and not cost them anything. Offers that work well in this phase are: short, soft-sell whitepapers, prescriptive data sheets (Top 5 Reasons to do XYZ), short podcasts, or other informative content that’s not going to require too much of their time.
Once you’ve engaged with them in the education phase, you can start to increase their interest with more informative and specific offers. Simultaneously, you can gather more information about them and ask them to spend a bit more time with you. Offers that work well in this phase are: webinars, short round-tables, and more detailed whitepapers.
Finally, when you know that your responder is educated and clearly interested in your solution, and is considering your product (among others) as a contender for a needed solution, you can up the ante. This is when your offer can be more aggressive and speak to the differentiating factors of your product. You can also be more personal with your prospect and collect information specific to the prospect’s challenges that your solution can solve. Great offers in this space include: free consultations, assessment surveys, pricing discounts, or appointment times with a specialist.
Ultimately, the way you deliver an offer is similar to the way we get to know people everyday. You don’t start by asking a stranger off the street to attend your next family barbeque. You get to know people in your community, often at their pace or comfort level. As your friendship builds, so does your time spent together. And if there is a match, you continue spending more and more time together. Offers are the same. Start slow, get to know each other, don’t ask too much time or energy of your responder, and build the relationship along the way.
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Yates Advertising is experienced with pairing the perfect offer (or series of offers) to your campaign objectives. Contact us today to discuss how we can help you strategically plan, create, and implement the offers that will have the highest impact on your ROI.