5 Reasons It Works
Because other marketing channels are plagued by spam filters and do-not-call lists, statements are becoming an even more valuable component of the overall communication mix.
- Unrivaled Openability. Statements and invoices are expected — they contain important financial information and usually require action. So it’s not surprising that more than 95% of transaction documents are opened and read each month — far more than any other type of direct response effort.
- High Involvement. Bills and statements receive more attention than any other form of communication, including television advertisements. The average customer invests between one and three minutes for statement review.
- Trusted Media. While e-security and telephone fraud continue to make headlines, nearly everyone trusts the Postal Service to send and deliver mail — including highly important documents.
- Functionality. Not only do statements command more attention when they are initially opened, they are often viewed more than once. The paper-based nature of transaction mail is valued by consumers as they pay bills, submit expense reports, prepare taxes and file documents.
- Greater Returns. As statements are already in the mailstream today, marketers are finding TransPromo* to be one of the most cost-efficient communication channels. Statement-based marketing is also more effective simply because of the target audience: current customers. A five percent increase in current customer business can translate into as much as a 50% increase in bottom-line profits.
From Mailing Systems Technology - March-April 2008
*TransPromo is the combination of personalized promotional messages with must-read transactional documents such as statements, invoices, explanations of benefits, policy notifications and other customer-facing documents including receipts and point of sale/purchase documents.