What Leadership Really Means in the Era of Working Remotely.

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More employees are working remotely than ever before. According to research
conducted by GlobalWorkplaceAnalytics.com
, roughly 50% of the workforce in the United States holds a job that is “compatible” with at least partial telework. Of those people, about 20 to 25% of them actually do work remotely at some frequency.

More than that, a further 80 to 90% say that they would really like to work remotely at least part time – pointing to a trend that is only going to get more popular as time goes on.

Employees who are all able to work from home (or wherever they’d like, really) sounds fantastic… if you’re an employee. But what if you’re an employer? More than that, what if you’re a leader? How do you continue to do your job of bringing people together to benefit the greater good if they’re all spread out over a potentially massive geographic area?

The Job Hasn’t Changed…

The “good news” is that the leadership qualities required to steer any organization towards success have not changed, nor are they likely to ever do so. You still need to be an excellent communicator, making sure that everyone is on the same page, that they know what “success” looks like, and that they all still feel like they’re contributing to something much more powerful and important than themselves.

You still need to be willing to lead by example, never asking someone to do something that you’re unwilling to do yourself. You still need to inspire people to give their all not because their paychecks depend on it, but because they just can’t help themselves.

… But the Tools Have

Things have changed, however. In terms of communication, for example, you need to be willing to adapt your process to rely less on face-to-face interaction and more on the digital resources that you have available to you. Collaborating on a project no longer involves sitting in the same room and hammering out ideas. Now, it’ll involve using some cloud-based solution to give everyone editing access to the same files at the same time.

This type of thing will require an adjustment from your perspective, but it is one that is undoubtedly worth making. Typical telecommuters tend to be much happier with their jobs than people forced to come into the office every day, which will directly affect both productivity and work quality in a positive way. 73% of telecommuters say that they’re more satisfied with their company than they’ve ever been before. Most of them work more than 40 hours per week. They also tend to work harder to create a friendly, cooperative, and positive work environment – something that you’re also trying to do by being the best leader you can be.

In truth, how you’re able to change your management style to keep up with the demands of the modern telecommuting workforce will go a long way towards deciding what type of leader you’ll be today, tomorrow, five years from now, and beyond.


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Ways to Protect Your Brand in the Real-Time Information Age.

 

Brand concept. Fresh and green grass on wood background.A brand is more than just a company logo, and it’s bigger than any one particular product or service. Instead, it’s the feeling that people get when they think about your company. It’s what goes into the instinct they have regarding whether or not to make a purchase.

A brand is also massively important in terms of how successful your marketing efforts will be in the long-term. The impression someone has of your brand is something that occurs almost immediately.  48% of consumers say that they are more likely to become loyal to a brand if their first experience is a positive one, regardless of whether or not that experience actually took the form of a purchase.

That means your brand must be protected at all costs, particularly in the real-time information age that we’re now living in. People are being marketed to from nearly every angle. If you don’t work hard to strengthen and hone your brand, you run the risk of being lost in the shuffle. Hope is not lost, however, as there are a few key things you can do to protect your brand as much as you can.

Consistency is Key

One of the most important things you can do to protect your brand is focus on something that real-time information doesn’t provide: consistency. According to one study, 90% of consumers expect that their experience with a brand will be similar across all channels – whether you’re talking about print, in-person interactions, or digital content.

Don’t Wait For Your Audience to Come to You

Another study estimates that, on average, you really need about five to seven positive brand impressions with a consumer before they start to remember your brand in a similar light. This is good, but you need to remember that in a real-time information age, you don’t necessarily have the time to wait for a consumer to initiate those impressions.

Also, consider the fact that brands that are consistently presented are three to four times more likely to experience brand visibility. YOU must be reaching out to your audience by way of consistent, enjoyable and helpful experiences whenever and wherever you can. Increase the frequency of the print marketing collateral that you’re putting out there and focus on being helpful, educational, and informative.

The Unmistakable Benefits

Give people as many opportunities to experience your brand as you possibly can and your entire identity will benefit as a result. If brand visibility is something of a numbers game, you need to play those numbers as well as you possibly can. Don’t wait for someone else to hopefully do it for you.

Successful branding brings with it a wide range of different benefits, from increased customer loyalty to an improved image, to a relatable identity and beyond. But in an age where information is everywhere, your brand is something that you also need to work hard to proactively protect. If you don’t, you run the risk of watching those important relationships with your audience begin to deteriorate.

 


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What Google’s Mistakes Can Teach Us About Leadership.

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One of the things that Google is famous for is data-based decision making. When they want to find the most effective way to do something, they look at the numbers and work from there. However, even a company as married to analytics as Google is vulnerable to lapses and oversights. Recently, their data showed that their process for hiring and promoting the best managers for the job was all wrong.

When you look at where Google made their mistake and what they did to correct it, you could save your company some money and heartache and also create a more effective workplace.

Google’s Error and Assumption

Besides a dedication to data, Google’s other key characteristic is a high regard for technical expertise. Tech savviness was so prized that, historically, it was one of the top factors in whether someone would get promoted to management.

When Google set out to learn whether their hiring and promoting strategy was working, they discovered something interesting: the best managers were not necessarily the ones who were technical experts at all.

After gathering and analyzing data from 10,000 manager observations, they learned that the quality they valued most had almost no bearing on whether someone was a good manager. Instead, soft skills were what made all the difference.

What the Data Says Makes a Good Manager

Google used their large pool of data to identify eight qualities and habits that make great managers. While technical skill was on the list, it was the least important of all the qualities on it. In order of importance, the qualities that make great managers include:

  • Good coaching.
  • Empowering your team to work without micromanaging. A good manager hires good people, then gets out of their way.
  • Interest in employees’ well-being and success. People are more motivated and show greater job satisfaction when they know that the people they work under care about them.
  • A results-oriented and productive outlook.
  • Excellent communication skills, especially good listening.
  • An interest in employees’ career development. Good managers understand that we all do better when we all do better.
  • A clear vision and strategy.
  • Key technical skills. These aren’t important because your manager will be doing hands-on work, by the way. They are important because it allows the manager to advise the team that they’ve assembled for the job.

In addition to the revelations above, Google discovered a lot about the types of managers who make employees happy. The most important quality is a calm demeanor and an even keel. In a high-stress environment, someone who keeps things steady is key. They also discovered that the best leaders puzzled through problems with employees instead of just telling them what to do.

By looking at the real data about good managers, Google was able to improve their hiring practices, improve worker satisfaction, and increase productivity.

The biggest takeaway? Always challenge your assumptions. You may learn that what you thought was effective may be harming your company more than it helps. By taking an honest look at your analytics, you can seize startling revelations. Use them to make your company a better place and to rise above the competition.

 


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EDDM – A cost-effective way to market your business to potential AND current customers in Palm Beach County

May 2018 EDDM mailer - front

Every Door Direct Mail (EDDM) is a service offered by the U.S. Postal Service which allows individuals and businesses to target postcard mailing pieces to specific neighborhoods. EDDM campaigns offer an opportunity for significant branding and sales success for your business IF you have a good plan for making it happen.

In order to spend those hard-earned dollars that you have allocated toward EDDM marketing successfully requires a plan. The key is to do your campaigns right, from the planning stage right through the client service after the mailers have all arrived at their destinations. You need to choose the knowledgeable, award-winning team at Print It Plus to work with you and your business from beginning to end.

At Print It Plus we have over 30 years of experience with successful direct mail marketing and EDDM campaigns. We will help you strategize, design and execute an EDDM campaign that brings you the best results possible.

May 2018 EDDM mailer - back

Here is just a partial list of all the benefits your business can enjoy from using Print It Plus to help you execute a successful EDDM campaign:

  1. No mailing list required
  2. No permit purchase required (this will save you up to $450 right off the top!)
  3. All the bundling and confusing US Postal Service paperwork is taken care of for you – by us!
  4. You control the delivery area you want to advertise to
  5. You will get better response with our design team showing you how to take your ideas and make them pop off the postcard to draw interest from your target audience.

 

EDDM has proven to be one of the most productively personal ways to reach your potential and existing clients. If you execute on a cohesive, focused campaign with a strong call to action that encourages businesses to build a relationship with you your chance at success goes up significantly.

In addition, there is measurable feedback on your direct mailing campaigns because your business can directly count how many responses you see to your mailing piece(s). The bottom line is that for companies who target the consumer marketplace Every Door Direct Mail can be a profitable way to grow their brand and market their business

EDDM marketing works great for:

Any type of Home Services business, restaurants, salons, banks, Realtors and Real Estate Brokers, auto parts stores, mechanics, electricians, plumbers, air conditioning companies, fencing companies, dry cleaners, pool stores, dentists, doctors, pharmacies, florists, grocery stores, specialty stores, consignment stores and many more!

And this month we have a SPECIAL OFFER on Full color, direct mail EDDM pieces:

9” x 6.125” for 23 cents each (plus 19 cents each for postage)

  • This is the most common “standard” size for an EDDM postcard

 

11” x 4.25” for 23 cents each (plus 19 cents each for postage)

 

11” x 6.125” for 28 cents each (plus 19 cents each for postage)

 

Come on in to our office (manufacturing plant) or invite us to your office and sit down with our experts from Print It Plus and we will share our knowledge and expertise with you to help you decide if an EDDM campaign, some other Direct Mail campaign, or another type of marketing and/or advertising campaign fits your business best.

For more information on us go to our website at HTTP://WWW.PRINTITPLUS.COM. For more information on Every Door Direct Mail click on this link that takes you directly to our webpage dedicated to EDDM at https://printitplus.com/printing/direct-mail/eddm-direct-mail. Or, call us directly at (561) 790-0884. Print It Plus, Creating Infinite Possibilities!

Why Developing Good Leaders is Critical to Your Business’ Success

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Regardless of the type of business you’re running or even the industry that you find yourself operating in, everyone knows that quality leadership is essential. It’s equally essential for you to realize that leadership doesn’t begin and end with whoever’s name is on the door. Experience goes a long way, but the type of raw, natural talent necessary to become a good leader isn’t something that can necessarily be taught. It’s something you’re born with.

That’s why when you do recognize that you’ve got the makings of an excellent leader working with you, it is imperative that you do whatever it takes to help cultivate and develop that talent whenever possible.

Identifying Good Leaders

First thing’s first: not everyone working for your company has the makings of a good leader, regardless of how you currently feel about them. According to one recent study, only about one out of every ten people have the talent necessary to rise to this status. That means that spotting a candidate isn’t something that is just going to happen every day.

When you do see someone with the qualities of an excellent leader, you’ll know it. They’re usually the first people to arrive and the last to leave. They’re the people who keep a consistently cool head under pressure and who naturally seem to help elevate the rest of their teams to the level where everyone involved is doing their best work. They work incredibly hard for seemingly no reward at all because they just don’t know any other way to go about their day.

When you see someone who fits that description, make a note of it. They’re probably going to be running your business one day.

The Development Process

Once you have identified one of these fabled “good leaders,” the first thing you have to do is support them in any and all ways that you can. Never be shy about feedback, even when it’s critical in nature. The chances are high that they’re the type of person who welcomes constructive criticism anyway. Don’t just tell them what they’re doing correctly; make sure they know what they can do to improve and, more importantly, how they can do it.

Next, challenge them whenever possible. Don’t throw your growing leaders into the proverbial deep end of the pool to fend for themselves, but don’t allow them to simply spin their wheels either. Challenge and adversity are two important qualities that make all of us stronger. Little by little, this person will start to grow and evolve in front of your eyes and your business will become all the better for it.

Looking Towards the Horizon

Finally, remember that good leaders are an investment in the future of your company. Good leaders don’t just help in terms of collaboration and more substantial productivity.  They’re also innovation creation engines at the same time. By taking the time to develop the good leaders in your midsts today, you’re going a long way towards guaranteeing future success for your business.


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The truth about direct mail marketing campaigns – still effective after all of these years; and yes, even to millennials

Direct mail marketing - to millennials

There has been quite a backlash from The New York Times blockbuster article last weekend claiming that social media giant sites Facebook, Twitter, Instagram and others routinely look the other way (some would say even encourage) when fake and paid-for profiles make up a significant portion of a member’s group of followers. Part of the narrative is that internet marketing numbers have been over-hyped from the beginning, and that this latest expose should come as no surprise to anyone who has followed the history of online marketing.

The overstating of subscriber and follower numbers and impact is a reminder that there are other, often more reliable forms of marketing that are available to your business. With the right advisor to guide you while also helping you to create, design and execute a highly effective Direct Mail marketing campaign, you can reap significant financial benefits from your marketing budget. In the West Palm Beach market, Print It Plus is one of the very few printing, branding, advertising and marketing companies that has the expertise in all of those areas to help you maximize your return on investment on your direct mail campaign.

Is it true that direct mail can still be an effective and cost-effective marketing tool for your business? Yes. And do not take our word for it. There have been numerous studies conducted by well-respected companies in recent years highlighting that even millennials – yes, millennials! – read and utilize information and coupons they receive in their physical mailboxes. How attracted to direct mail are millennials?

Recent studies report the following data:

A study cited in a 2013 article in Compu-Mail shows:

And here are additional statistics cited from another recent article on Digitaldogdirect.com:

  • 90% of Millennials said they would prefer postal delivery over email when receiving promotional items. (Source)
  • 82 percent of Millennials read direct mail from retail brands and more than half (54 percent) look forward to receiving hard-copy retail catalogs in the mail. (Source)
  • 73% of Millennials use direct mail coupons when making purchases. (Source)
  • 63% of Millennials who responded to a direct mail piece within the past three months made a purchase. (Source)
  • 90 percent of Millennials think direct mail advertising is reliable. (Source)
  • Those ages 18 to 21 read mailings immediately 62 percent of the time. (Source)
  • 25% of Millennials consider reading direct mail a leisure activity. (Source)
  • 80% of Millennials want brands to entertain them, and they find direct mail entertaining. (Source)

 

The bottom line is that a well-strategized plan using Direct Mail and/or Every Door Direct Mail campaigns will get your business a significant amount of exposure to potential customers, even when they are millennials.

At Print It Plus we can help you with all of your marketing ideas, including showing you how to incorporate a powerful direct mail campaign into your plan for 2018. In addition to our knowledge of every door direct mail (EDDM) and all other aspects of direct mail, we offer custom design and production for all of your marketing pieces including on vehicle wraps, posters, banners, signs and all printed materials. We also offer mailing, branding, business stationery and business cards, marketing collateral, variable data printing, promotional products, websites and secure web form services for medical offices.  It is our pleasure to service the entire Palm Beach County, Florida area and beyond including Royal Palm Beach, West Palm Beach, Wellington, Loxahatchee, Palm Beach, Palm Beach Gardens, Lake Worth, Boynton Beach, Delray Beach, Jupiter and Boca Raton. Ask about our free pick-up and delivery throughout the county on your order, as well!

To talk with our account team, one of our designers or to place an order, contact us today by calling us at (561) 790-0884. You can also visit our website at HTTP://WWW.PRINTITPLUS.COM or email us at info@printitplus.com. We look forward to helping you CREATE INFINITE POSSIBILITIES throughout this new year of 2018 and well into the future!

 

Here are links to the two articles mentioned above:

Here are links to four other articles with more data which further supports millennials’ attraction for and significant usage of direct mail.

Why You Can Never Nurture Your Leads TOO Much

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If you think that you can comfortably stop nurturing your leads as soon as they make that ever-important sale, you’re only seeing one small part of a much larger and more important picture. The fact of the matter is that you can NEVER nurture your leads too much for a variety of important reasons.

Why Lead Nurturing is So Important

Lead nurturing is an essential part of any business, but judging by some recent studies, it may be more important than you think. According to Gleanster Research, as many as half of all the leads coming into your business may be qualified, but they’re not yet ready to buy. Nurturing is perhaps the single best way to make sure you’re able to convert as much of that 50% as possible into a sale.

To make things more interesting, research from InsideSales.com shows that between 35% and 50% of all sales go to a brand that responds to a customer FIRST. This means that even if you know you’re working with a qualified lead AND you know that they’ll eventually be ready to buy, they may not buy with YOU at all if you don’t have a timely presence in their life.

That, in a nutshell, is why lead nurturing is so mission critical to your organization. If you’re not nurturing properly and using timely marketing collateral to help usher someone down the sales funnel, you may be doing little more than perfectly setting someone up to make a purchase with one of your competitors.

NSN: “Never Stop Nurturing”

Consumers want to be loyal to a brand. However, they’re also loyal to themselves and their own situations first and foremost. If you think that just because you’ve ushered a lead down the sales funnel and convinced them to make a purchase that you’ll have them forever, you’re sadly mistaken. And, unfortunately, this is one mistake that you’re likely to pay dearly for.

Remember that “making a sale” is NOT the only benefit of consistent lead nurturing. According to research, leads that have been nurtured experience a 23% shorter sales cycle than those who have not been. Nurturing over time (as opposed to just in the beginning of your relationship) can even increase your revenue over the next six to nine months by as much as 10% or more.

Remember that a constant and consistent nurturing gives way to perhaps the biggest benefit of all: retention. According to one study, it costs 500% more to bring in a new customer than it does to keep a current one. Likewise, the cost of bringing a new customer up to the same level of profitability as one of your old ones is up to 16% more. All of this is to say that by adopting the mantra of “I can never nurture a lead too much” today, you could be saving yourself a tremendous amount of money tomorrow.

Nurturing a lead to the point where you’ve made a sale is important, but this is not the point where your story ends. Consistently nurturing your leads even AFTER a sale will continue to pay dividends over the lifetime of your relationship with that person. The benefits of retention versus bringing in new customers alone should be more than worth the effort you’ll need to make.


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2017 Price Change Information: USPS Marketing Mail and What You Need to Know

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A new year always brings with it a variety of different changes, and it seems that 2017 will be no exception, as far as the United States Postal Service is concerned. Anyone who relies on the USPS for their direct mail marketing activities would do well to sit up and take notice, especially with regards to the price change information and other news that has recently been announced.

What’s In a Name?

According to PitneyBowes.com, the USPS “Standard Mail” tier will be rebranded as USPS Marketing Mail in 2017. Additionally, what was previously known as “Alternate Postage” will now be called “Share Mail.” Pricing structures have been changed (and arguably, simplified) accordingly.

When the new branding goes into effect, letters that are 3.5 ounces in size or less will cost $0.284 – a reduction from the current $0.290 pricing structure. Flat rates for items that are four ounces or less, on the other hand, will actually increase to $0.555 from the current rate of $0.546 that is expiring. It’s important to note that these rates are for the USPS Marketing Mail items that are processed through non-automation means.

Other Upcoming USPS Changes

The USPS also announced a number of other changes, particularly to items that fall into the presorted mail category. Overall, people can expect a price decrease on average of about 0.25%, though it’s important to note that certain types of items will actually increase in price at the same time.

One change that marketers will no doubt be happy about is the fact that presorted First Class Mail will see a significant price reduction. Starting at the end of January, sending 3.5-ounce materials will now cost the same price as a one-ounce letter. Up until these changes go into effect, the pricing category ranged from one to two ounces, not 3.5 ounces.

Those First Class letters up to one ounce will now cost you $0.49 as opposed to the current $0.47. Flat rates up to one ounce will increase to $0.98 from $0.94, while First Class Mail parcels will allow you to pay one price ($2.67) for any item up to four ounces in size. Each additional ounce will cost you $0.21, which is actually one of the few categories of pricing that will remain unchanged in the new year.

Changes Behind the Scenes in 2017

It’s also important to note a significant change in the way these types of items are processed. Items that used to fall under the 3-Digit and AADC categories are being combined with First-Class Mail Presorted Automation Letters and USPS Marketing Mail Automation Letters. Ultimately, this won’t really change the price that you can expect to pay when you send your marketing materials out into the world, but in theory, it should make them easier to process and send out once they’ve made their way into the hands of the United States Postal Service.

All of these changes will go into effect on January 22, 2017. Until then, the current pricing structure will still apply. As marketing budgets get tighter than ever during a period where direct mail marketing has never been more important, it’s always essential to stay as up-to-date as possible on any and all USPS pricing changes to help make sure you’re getting the most out of your hard-earned (marketing) dollar.


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The Many Benefits of a Direct Mail Campaign

One of the questions we get on a consistent basis from our clients here at Print It Plus in the West Palm Beach area, is in regards to the success of direct mail campaigns in our area in 2014. With the continuing growth of commerce on the internet, combined with the well-documented struggles of the United States Postal Service it seems to some as if any type of marketing campaign attached to old-style mailing is almost surely doomed to failure. This is just not the truth. Back in April we posted a blog relaying the “Top 5 Secrets of Successful Direct Mailers”. Today’s blog relates to the numerous benefits that a direct mail marketing campaign can have for your business.

In reality, direct mail campaigns still offer an opportunity for significant branding and sales success. The key is to do your campaigns right, from the planning stage right through the client service after the mailers have all arrived at their destinations. The following comprehensive list of 11 benefits comes from our 25 years of experiences at Print It Plus combined with reading through numerous articles on the subject, including the following:

https://www.usps.com/business/direct-mail-benefits.htm
http://www.oneims.com/blog/2010/03/22/6-benefits-of-direct-mail-marketing-campaigns/
http://www.verifiedlabel.com/knowledgecenter/know-benefits-direct-mail.aspx

The first benefit is the percentage of potential clients who will actually see your campaign. Where email campaigns are deleted immediately or never even looked at by over 90 percent (and in some cases 98 percent) of their recipients, people still head to their mailboxes daily. In fact, according to the United States Postal Service, 98 percent of people retrieve their mail daily, and 77 percent of people sort it immediately. This gives companies like yours access to an audience who could potentially seek out your business right away. The same people who probably do not read emails coming from unknown sources may look at your mailer.

Here are some other benefits you can capitalize on with a well-planned strategy:

  1. Targeted. You can target the mailing to whomever you want. Either through your own gathering of addresses, or the numerous mailing list companies out there, you will be amazed at just how focused a list you can put together today.
  2. Personalized. You can personalize each direct mail piece so that your recipient feels as if you are talking directly to them.
  3. Familiarity. Your recipients have been receiving mail pieces in their mailbox for over 100 years.
  4. Tangible. The mail piece is delivered directly to your intended targets in real form. A well put together piece with a strong call to action will have more pull than an email.
  5. Versatile. You can create direct mail pieces in a variety of colors, sizes, shapes and even textures.
  6. Metrics. It is easy to measure the results of your direct mail campaign. All you have to do is put a unique offer or call to action on the piece and have responders mention it. Very simple.
  7. Execution. From planning to creation to the actual mailing, direct mail is a very easy marketing plan to implement. And if it is successful, it is also easily repeatable.
  8. Plays well with other campaigns. Direct mail can be used to support or work hand-in-hand with other marketing efforts you are putting forth, including website, social media, promotional products or events, or many other forms of branding your company to your potential clients.
  9. Cheap. A focused campaign can be relatively cheap when compared to other forms of advertising and marketing, particularly magazine, newspaper, radio or television ads.
  10. A long-standing, proven track record. Direct Mail campaigns have a proven track record of success going back to when they were first used, right up through present day campaigns. Few if any other marketing efforts have such a proven record over so many years and so many industries.

In our experience at Print It Plus, direct mail has been proven to be one of the most productively personal ways to reach potential and existing clients. A cohesive, focused campaign with a strong call to action encourages businesses to build a relationship with their clients. Further, there is measurable feedback on direct mailing campaigns because businesses can directly count how many responses they see to their advertisements and calls to action, if done correctly.

If you need help putting together a professional and productive direct mail campaign, contact us. At Print It Plus, we love to help all of our clients CREATE INFINITE POSSIBILITIES.

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Does Giving “Freemiums” Bring Business in Palm Beach?

The idea of giving away free trials and samples of products or services has been around for many years. From high-tech software companies to sidewalk food vendors, it’s a strategy that has continued to prove its value through the years. Even after taking into account the associated costs, the ROI has proven attractive for many businesses in both the real world and online.

The Psychology of Free

Objections are a natural part of the buying cycle. No matter how great a product or service might be, prospects are likely to have some reservations about buying it. Free acts as an emotional hot button which reduces or eliminates many of these barriers.

Does the Freemium Model Make Sense For Your Business?

According to Wikipedia, the term “freemium” describes “a business model by which a proprietary product or service is provided free of charge, but money (premium) is charged for advanced features, functionality, or virtual goods.”

Does this model make sense for your business? Arguments can be made for both sides.

The naysayers will argue that giving anything away for free erodes company profits and attracts the types of customers who are always looking for free items or special discounts. Loyalty is rare with these types of customers since they only buy when they can get something free or at an extreme discount.

Daily deal horror stories are a prime example of the negative effects of discounted offers. We’ve all read reports of business owners who have seen poor results from daily deal coupon sites that encouraged or demanded that they offer extreme discounts in order to take part in a campaign. In rare cases, some have even gone bankrupt as a result of a daily deal discount gone bad.

The pro side argues that freemiums encourage prospects to give businesses a trial run they might otherwise never have given them. Freemiums reduce or eliminate the barrier to entry of doing business with your company. If you deliver what you promise, a certain percentage of freemium users will convert to new paying customers who will return again and again.

Companies like Dropbox, Skype, Evernote, Mailchimp, and LinkedIn have built their entire business around the strength of this strategy by giving away the basic version of their product for free to build a customer base. App services for iPhone and Android phones have also used this strategy effectively by offering a free basic version to lure customers and then offering a paid version with more advanced features.

For many small businesses, giving away products or services doesn’t make economic sense unless there’s a strong strategic plan in place first. Free or even heavily discounted products require funding and a strong balance sheet to cover the costs.

One strategy to consider is to have a sales funnel in place before implementation. Customers gained through free or heavy discounted offers are then encouraged to step into higher-priced services and products. This can be done through marketing communications that show the features and benefits of buying these premium services.

There are many unknowns in answering whether or not freemiums will work for your business. What’s clear is that the path to success or failure lies with having a sound strategy in place before implementation. Another key component is being intimately aware of the financials, including profit margins, customer acquisition costs, and the lifetime value of a customer.

The right answer to this and many other marketing and advertising questions for your business often calls for the assistance of an outside consultant with the knowledge and experience to help guide you to the best answers for your company.  Print it Plus is the right company to help you make these important decisions in Palm Beach, West Palm Beach, Royal Palm Beach, Wellington, Lake Worth and Loxahatchee.

Whether it is printing, color printing, a good marketing or advertising design, a new or updated website, direct mail, brochure, business cards, postcards, eddm or promotional products that best suit your needs, Print It Plus is the name you can trust in Central Palm Beach County.  With over 25 years in business, Print It Plus will help you to “Create Infinite Possibilities.”

Implementing and testing a freemium on a small scale before rolling it out to a wider audience can give real answers to the viability of this model in your business.

To get answers about this and any other marketing or advertising questions you have in your business, contact us directly at HTTP://WWW.PRINTITPLUS.COM.