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VDP adds value
Desired results are improved
Every document has a purpose, whether it is to give information, create awareness
of products, stimulate brand awareness, ask for payment, provide an argument,
give feedback or ask for a response, among others. By attracting attention
with relevant content, responses and the desired results are improved.
Increases revenues
When the goal of the document is to generate sales, greater response rates
lead to higher sales. They also lead to increased repeat orders, higher order
size and better profits.
Improves efficiency while decreasing cost per outcome
While the cost of a variable data job is higher than non-variable printing,
the cost per outcome is less. In terms of sales, it costs less to get a new
order. The reason is that the rate of response is much higher than the increased
cost of the campaign.
Here’s an example: If it costs $10,000 to reach
20,000 prospects and get a 1% return, you have 200 respondents. Each respondent
cost you $50. Now, using VDP, if it costs $12,000 to reach the same 20,000
prospects, but you get a 10% return, you have 2000 respondents. And each
one cost you $6.
Often, mailings are sent to only the top third of customers. This produces
savings by decreasing mailing and printing costs. Additional efficiencies
are gained from reducing inventory and waste. VDP also enables fast turnaround
that decreases time-to-market and helps you gain an edge in the market.
Obstacles to VDP
So, if VDP is so terrific why isn’t everyone doing it? The answer is
inherent in the process itself and in the recent changes in the graphic
arts industry. Color VDP has been a technology before its time. Although the
driving trends are present, the barriers have been strong. Foremost has been
lack of awareness and customer demand. There has also been a learning curve
with regard to databases, the complexity and length of the sales cycle and
cost/ROI. Finally, the graphic arts industry has had several rough years with
a slow economy and competition from alternative media. But the future looks
brighter, especially with the emergence of a VDP standard.
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NexPress Specifications
What is Variable Printing?
Understanding the Trends
Variable Printing — Start
Me Up!
Variable Printing Adds Value
Target Marketing: One-to-One and Customizing
The Challenges of Variable Printing
A Cynics View of Response Rates
Frequently Asked Questions About Databases
Variable Printing Glossary
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