Posts Tagged ‘sales cover letters’

Why Was This Sales Letter So Successful?

Tuesday, May 25th, 2010

Perhaps it’s just because of the nature of my profession, but I’ve long been fascinated with why one sales letter attracts a swarm of interested clients while another is studiously ignored.

This question motivated me to do some poking around and research what the most successful sales letter of all time was. The first step was to determine how we defined success. Would it be number mailed? That didn’t seem right. Just because a letter is mailed a lot doesn’t necessarily mean it is effective. What about greatest number of responses? That seemed better but simply getting people to say they’d like more information didn’t seem like a high enough bar for a letter deemed the “most successful sales letter of all time”.

No, in order to be crowned with that honor, the letter would need to actually motivate readers to pull out their wallets and spend money. Not just one person who spent $25 million on a Gulfstream but lots of people buying something. Now that would be a letter worth examining for its secrets. Imagine if we could capture that letter’s essence.

Surprisingly it wasn’t all that hard to find. What was surprising was how long ago it was written. I would have thought that with all the new information we have about buying behavior and the sheer number of excellent copywriters working today that the “Greatest Sales Letter” would have been written less than ten years ago. Apparently we don’t know as much as we think we do, since the letter I’m referring to was written over 40 years ago.

According to numerous sources the letter that is credited with selling the most stuff (to put it inelegantly) is a sales letter written for the Wall Street Journal. It’s been used on and off by them for decades and it’s been copied by numerous copywriters and used successfully to sell a wide variety of goods and services. You may actually be familiar with it. Here’s how it starts:

“Take two men. Both graduates of good universities. Both hardworking and ambitious.

Flash forward twenty years and one is in the corner office commanding the attention and respect of hundreds. The other toils amid the legions of middle managers in a largely obscured position. Why did one ascend to great heights and the other plateau so early?”

The letter to goes on to point out that one key point of differentiation was that one person read the Wall Street Journal and the other did not. Regardless of the Journal’s actual ability to elevate you to the corner office, this is one very successful sales letter.

Which raises the next question of, why? What makes this letter so effective. Why did this one, amid all the others that have flooded our mailboxes over the years motivate so many people to take action?

The answer is actually fairly simple. It tells a story. A story that is deceptively simple in the telling. In a mere 57 words we are transported from reading words on a page to visualize two men. One successful, the other considerably less. Not only does the story enable us to visualize the scenario but it also does a masterful job of forcing us to decide which camp we are in. Are we resigned to the plateau? Isn’t there more that we can achieve? What’s the answer? What’s the secret? How can we too, get to whatever level of success we most aspire to?

Unleashing this psychic visualization of desire and limits is the power behind a great sales story. The power is in its simplicity. It’s elegance is in its restraint.

Those of us who offer our services for a living often hear about “selling invisibly”. It’s an appealing concept especially when the concept of “selling” is uncomfortable. However, while selling invisibly seems like a good idea in theory, how exactly is it done?

This letter from the Wall Street Journal offers an answer. The key to selling invisibly is to tell great stories.
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That all makes sense but the question becomes…Do you have the time to actually write a great sales letter or success story? If not perhaps I can help.

Send an email to me at mark@gentlerainmarketing.com and I’ll send you my newest portfolio of letters, sales stories and lead generation advertisements along with my current fee schedule. By this time next week you could have a sales letter or email out in the market, generate lots of interest in what you offer.

How to Write A Compelling Marketing Letter That Actually Gets Read.

Sunday, January 31st, 2010

Ask a typical consultant where their business comes from and it’s no surprise that you’re likely to hear; “Repeat business from existing clients and referrals.” And while there is certainly nothing inherently wrong with those methods, over-relying on them is one of the main reasons why so many consultants suffer from the inevitable “feast or famine” business cycles.

However, expanding one’s circle of senior level relationships is a challenge for many consultants. Cold calling, attending networking meetings and industry conferences tend to be either a) unpleasant or b) immensely time consuming. So, what are the other options available to consultants who feel that they have lapped the track with their existing circle of contacts?

For the consultants that we work with, we’ve found the most effective method for gaining initial traction is a one-page letter. However, the difference between whether the letter gets through the screener, actually gets read and acted upon, naturally depends upon how it is written. And it all starts with the first sentence.

There’s an old saying in copywriting that the purpose of the first sentence is simply to get the reader to read the second sentence. And that’s basically the truth. You either hook the reader with your opening sentence, or your letter gets pitched. It’s that simple.

However, all opening hooks are not the same. First, we need to consider who the reader is. Crafting a compelling letter introducing our consulting services to a C-Level executive is a very different challenge than marketing a consumer product to a homeowner. Thus the opening sentence must “grab” the reader, but do so in a manner that doesn’t scream “This is a sales letter and I want you to buy my services!”

The key to getting immediate attention is 1) communicating that you specialize in their industry and 2) understand a particular problem this group faces. Why are these crucial?

First, everyone thinks their problems are unique. This isn’t necessarily true, but from a marketing perspective it’s important that we accept this perception. Thus, the more we communicate that we “play in their sandbox” the greater the likelihood is that our entire letter will get read.

Communicating a problem that the reader faces requires that we raise a specific, rather than obviously generic, challenge. Simple saying “We know you’re concerned about cost reduction” is just too basic. You need to fly the plane at a lower level. What exactly does “cost reduction” mean to a bank? To a manufacturer? To an educational institution? To your specific audience? That’s what you want to communicate.

So this is quite an objective for the opening sentence. You need to demonstrate that you specialize in the reader’s industry and show that you understand an issue of substance and importance. Let me share with you an example of an opening sentence that has proven to be extremely successful for my clients. The format is as follows:

I know from speaking with other (people similar to the person you are writing to) that many of them are concerned about (a specific problem).

For example:

I know from speaking with other banking executives that training bank personnel to cross-sell financial services is an on-going challenge.

Note that I didn’t say that “more business” was the challenge. Rather I focused on the issue of “cross-selling”, which is a specific challenge for executives in retail banking. Thus I begin to build immediate credibility for myself as someone who truly understands the issues bankers face.

This lesson applies to any group that you are writing to. You want your reader to see a reflection of themselves in the message you are communicating.

Now suppose, despite all of your efforts, what you come up with as an issue still sounds pretty obvious. That’s not necessarily a problem as long as you acknowledge the obviousness and don’t try to package it as some sort of unique insight.

Let me give you an example of a letter I wrote for my own practice (that you can easily adapt to your business) which I stated a generic problem but still got readers to keep reading by adding a second sentence.

“I know from speaking with other partners of management consulting firms that new business development is an ongoing challenge. And while this may appear to be a blinding grasp of the obvious, what is less apparent is what the most successful firms are actually doing to address this challenge.”

I tested this letter with, and without the second sentence, to two mailing lists of consulting firms. The first letter drew a minimal response of .5%. The second letter, which included the second sentence, drew 3.7%, which in the world of direct response is a huge difference.

Naturally there is more to writing a compelling marketing letter that gets read and acted on than just the opening sentence. In future articles I will share with you how to continue to build initial credibility and create a call to action that motivates readers to take the next step in the relationship building process.