The E-Factor: Two Ways to Instantly Get More Back from Every Promotion
by David Garfinkel
Allow
me to introduce you to the mysterious "E-Factor." It's
mysterious because it has two meanings.
Both meanings will help you get more business from any promotion you
do. So without further ado, here's how you can use the
"E-Factor" to make more money:
- Put "E-Factor" in your testimonials and copy
Did you realize the very best source of new business is almost always
a prospect who has been referred to you by a friend or trusted
business advisor? It is. Think about this in your own life.
When you need an accountant, or an attorney, or a doctor, or for
that matter a hardware store in a new town, you'll probably turn
to someone you know, whose judgment you trust, to refer you to
the service or product provider you're looking for.
OK. But what does that have to do with direct mail and Web promotions?
A lot. People are always on the lookout for sources of advice they can
trust. However, since you can't always rely on giving every prospect
for your business personal recommendations from the prospect's
friends, neighbors and advisors they actually know and trust, you do
the next best thing: You give them copy with recommendations from
people who seem like the people they know and trust.
How? By putting testimonials and case studies in your copy involving
people who will fill the role of trusted friends and advisors.
Many marketers do this but they don't get the desired effect. Why?
Because they haven't put enough productive effort into the research
that pays off. This is in-person research - especially one-on-one
"casual" research, as opposed to formal focus-group research
- with their actual customers, and people who are a lot like their
customers.
This high-payoff research gives you in-depth working understanding of
how your prospects think and act in the world -and how they look at
things and make decisions. When you have this understanding and you
weave it into the language of your descriptive copy and your
testimonial quotes, it's called "empathy."
"Empathy" - that's the first meaning of "The
E-Factor." Increase empathy in your copy and you'll increase
sales. - Profit from the second meaning of the
"E-Factor" as well
There's another, equally important meaning. Before I tell you what it
is, let me give you a big, fat hint. In his book The Entertainment
Economy: How Mega-Media Forces Are Transforming Our Lives, author
Michael J. Wolfe points out that American consumers put 8.4% - about
one dollar out of every 12 - into some form of entertainment.
Currently, that adds up to $480 billion a year.
As a side note, Hollywood productions - films and TV shows - bring in
the second largest amount of money from overseas back into the U.S.
economy, after aircraft sales.
Yes, the other meaning of the "E-Factor" is entertainment.
It's huge. And it applies to marketing and selling. As the late (and
great) David Ogilvy reminded us, "People will not be bored into
buying."
But beware. Many a copywriter less talented and, more importantly,
less thoughtful than Mr. Ogilvy has made the fatal error including
humor, fantasy, drama or thrills in a promotion in such a way as to
not specifically move the sales process forward.
And that's dangerous. Even deadly, sometimes. Here's why: When you
include entertainment, people's attention will invariably be drawn to
it over anything else. And when entertainment does not directly
support moving the sale forward, then it automatically detracts from
the sale.
There are dozens of examples. The lying Isuzu salesman. Sales went
down. "Plop-plop, Fizz-fizz." Sales went down. I'm sure you
have your favorites of entertaining ad campaigns that bombed. Now you
know why.
Entertainment isn't bad. But not painstakingly linking the
entertainment to the forward motion of the sale is bad. Very bad.
So, how do you add entertainment value in such a way as to increase
the sales effectiveness of your promotion? Several ways:
- Tell a dramatic story where your product is the hero and saves the
day for the human involved. My favorite example of this is the
newspaper ad for Joe Karbo's legendary book "The Lazy Man's Way
to Riches."
In the ad, Mr. Karbo talks about his "Lazy Man's Way" which
he promises to reveal in the book he's selling. He tells how, before
he knew the "Lazy Man's Way," he used to work 18-hour days,
7-day weeks and was still perpetually in debt. But after he learned
the "Lazy Man's Way," he became financially independent by
working less and in fact became very wealthy.
This incredible ad combines drama with sales power in an unbeatable
way. And it worked! The ad sold 3 million books by mail order!
- Use humor that adds emphasis to the value of your product or
service. When you get past the laughter, most humor in ads just shows
off the cleverness of the creative team who created the ad. (You might
say it also shows off their lack of concern for creating sales.) A
positive example, where the humor shows how the product is so
worthwhile, is the old (and very successful) series of Seinfeld
commercials for the American Express Card.
- Use exciting, colorful language in testimonials when customers are
talking about the virtues of your product. But make sure it's
believable. And don't make fun of the fact that you're selling
something, any more than you would go to target practice and fire the
first shot into your own foot. At all times, keep your eye on the
target - increased sales!
So let's review. How can you use this information to make more sales
in every promotion? Take stock of its Empathy and Entertainment Value.
Be single-minded. Take out everything that takes away from the sale,
and keep in - or boost and strengthen - everything that furthers the
sale. Build the strongest possible promotion at every point along the
way - and watch your response rate soar!
David Garfinkel is widely recognized by many "marketing
gurus" as their secret weapon. That is, he is known as
"The World's Greatest Copywriting Coach"; because, he
can, like no other, teach you how to turn words into cash. David
is also the author and narrator of Killer
Copy Tactics, the Web's first and only totally interactive
audio/visual learning system for writing killer sales copy. tive
audio/visual learning system for writing killer sales copy. |