Tuesday, July 16, 2013

Time to Modernize Direct Mail Measurement

http://www.dmnews.com/its-time-to-modernize-direct-mail-measurement-for-a-digital-world/article/303078/
With so much attention being paid to new digital channels and the emergence of RTB, it's easy to overlook advertisers' sustained reliance on direct mail, which last year accounted for more than $51 Billion across catalog and non-catalog spending. A primary reason for brands' continued fondness for direct mail is that it has traditionally outperformed most (if not all) other channels and advertisers' know that consumers are increasingly wary of online display ads, which are often perceived as intrusive and annoying, whereas many find direct mail to be more convenient and easier to digest (or ignore) on their own terms.
However, while direct mail's resilience during the digital marketing era is worthy of attention, it remains a blind spot for many marketers looking to understand the impact of all marketing efforts. This is particularly true as it relates to their ability to quantify the impact direct mailing has on conversions, both online and in-store, and how much conversion credit it deserves relative to other marketing touchpoints. With the push towards data-driven marketing decisions, personalized media, granular audience targeting, and real-time budget optimization this lack of understanding limits advertisers' ability to identify the right mix of marketing levers—messages, media, and channels—and often leads to overvaluing, or overspending, on other channels.