Mining for the golden donor prospects
During the early days of the California Gold Rush, gold was easy to
find -- even with the simplest of tools. But once the easy gold was
taken, prospectors had to turn to more inventive techniques to find
the gold that remained.
There are numerous similarities between gold mining and direct mail
marketing today. Rather than using a knife, pick, shovel and a pan,
we began using 4 inch by 6 inch index cards, which later developed
into more inventive mining techniques and sophisticated database
solutions.
For instance, take the act of prospecting for new constituents. Are
we not panning for gold - looking for that one person in 100? And
what about after we've acquired that one person? Did we acquire gold,
or was it fool's gold?
It's my belief that within every batch of new responders the ratio of
gold to fool's gold is no better than 15 percent to 85 percent.
Therefore the largest percentage
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