Keeping in Touch Maintains Relationships
63The New Marketing Paradigm
Over the past 2 years, there has been a swing in the amount of "touches" required to acquire a new client. In the past, it would take 2 - 5 "touches." A "touch" is nothing more than a communication of some type. These could include but not be limited to a phone call, an email, a postcard, a personal greeting card, a gift or a meeting. We have launched many successful campaigns using the touch strategy. Usually, the first "touch" would be a casual meeting at a networking function. Second "touch" would be a phone call. Third "touch" would be a postcard. Fourth "touch" would be an email. Fifth "touch" would be a face-to-fce meeting set up during one of the earlier "touches." This approach ran about 70% conversion.
Since the economic downturn, it has been taking 7 - 12 "touches." This includes variations of the above. With patience and perserverence, the conversion rate continues to be 70%, but the process may take twice as long. It is also more difficult to manage so many "touches" without a great tool. There are a number of tools on the market.
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