Catera Investors: You Gotta Know the Territory

I received this self-mailer from Cetera Investors.

It looks like one of the typical acquisition lead generation mailers for an independent financial services firm. The offer is typical: nice dinner, lessons on making the most of one's wealth, presentation about services the firm can provide. There would likely be some selling, maybe soft sell, maybe hard sell -- that depends on the firm. Nothing out of the ordinary here.

Dinner Event in Bellmore, NY

But the dinner was located in Bellmore, NY. From my home in Forest Hills, that's 28 miles as the crow flies and 45 - 100 minutes in weekday afternoon traffic. One cannot reasonably expect a potential customer to travel that far and long for a dinner presentation, which is why I consider this a Fail for Targeting.

My first thought when I read through this was a song from The Music Man, "You Gotta Know the Territory." Maybe the wealth managers were from out of the area? But no, they work in the Westbury office so they should know that New Yorkers hate to shlep and we love location convenience. If they want business from people in Queens, they need to feed people in Queens. We have plenty of great Italian restaurants here that would gladly host an event. 

Mr. Roth, the wealth manager from the mailing, likely worked with a third party to obtain the mailing list and send the mailer. I hope he selects a tighter geographic radius next time so he can preserve his wealth.

Also, of concern: The self-mailer is addressed to "Mr. Marc Davis Jr." I'm not a junior and I don't have a son. Minor Fail for Targeting.

Lessons:

1. Geographic targeting should be tightly aligned to your location and how far people are willing to travel.
2. Name hygiene is important. Don't use name suffixes unless you're sure they are accurate.

BCHP: A hard-to-find doctor for my non-existent child

When someone asks me if I have children, I sometimes joke, "None to my knowledge." In that context, when I receive a postcard asking me, "Looking for a pediatrician or pediatric specialist?" I have to wonder if someone knows something I don't.

Maybe I do have a child. Maybe my wife has a bun in the oven. Or maybe the reason I received this postcard is less dramatic – that the postcard from Boston Children's Health Physicians (BCHP) merits a Fail for Targeting.

Let's set aside for the moment the fact that I do not have any offspring and break down the postcard's content.

Mommy is happy with her healthy baby.

The front of the postcard simply suggests that I choose Bost Children's Health Physicians. It doesn't suggest why I choose one of their doctors. What makes their physicians desirable? To put it in marketing terms, what is BCHP's unique selling proposition?

Where is Forest Hills, Queens?
Not in the area shown on the postcard.

The address side of the postcard includes a minor sales message that supports the Call to Action – to “find the expert care your child needs to grow and thrive.” And the postcard displays a map that appears to show the locations of doctors. There is an arrow pointing to the map, reading, “Find a pediatric provider in your area” with emphasis on “your.” Quick takeaway: most of New York City doesn’t even appear on the map.

Maybe there is a provider near me, but how would I know? Rather than communicating how to find the provider – and placing it next to the Call to Action to do so – there is a bunch of white space below the map. The response method is on the other side of the postcard…well, sort of.

Buried on the bottom right corner of the picture of mom and her smiling baby is a URL leading to the Boston Children’s Health Physicians home page. Somewhere on that home page is information that supports the postcard’s messaging, but it isn’t easy to find. The QR code doesn’t lead to the same page as the URL; it leads directly to the practice locator page. And the placement of the QR code (within an image on the opposite side) is a Fail for Creative.

BCHP locations not quite near Queens

Let’s get back to finding a provider in my area. I tried the QR code on my smartphone. It indicated that the nearest practice was in Bardonia, NY.

As the crow flies, the distance from Forest Hills, Queens, NY to Bardonia is about 27 miles. As the parent drives in traffic, however, it is two toll bridges and typically an hour drive or longer with a sick or tired child in the back seat. (That assumes the parent has a car. After all, this is New York City.) This long distance to a physician confirms that the postcard was poorly targeted geographically – another Fail for Targeting.

Returning to the caption below the map, what is a “pediatric provider?” Why use that kind of industry jargon when the front of the postcard uses “pediatrician” and “pediatric specialist” while the address side of the postcard cites having 55 “practices”? Why throw yet another term out there? I realize I’m not a parent but, if I were, wouldn’t I want to find a “doctor” for my child?

IMHO, this postcard does not really support Boston Children’s Health Physicians. It is poorly designed, written, and targeted.

 
Finally, unless there is a back-end method in place for tracking response to the individuals being mailed, this isn’t direct marketing – it’s mailed advertising.

Lessons:

1. Vet your data sources to target matching demographics.
2. Just being available is not enough. Even a medical practice needs a differentiator.
3. The means of following through on a Call to Action should be located close to the Call to Action, and easy to find.
4. Vet your physical targeting to people who can easily get to your physical business or medical practice.
5. If your Call to Action includes a web site, don’t just list a home page. Use a direct URL that aligns with the Call to Action.
6. Apply jargon consistently using terms your customers understand.
7. Even a postcard for a medical practice should include some method of tracking results.

Edit 2/11/23: Removed reference to company that sent the mail per request of a person working at that company.