Proper Direct Mail Response Rate Rate Calculation
Hello All,
Was hoping the team can lend a little insight on how to "properly" calculate the response rate for a direct mail campaign. It seems as though most folks on BP calculate a percentage based on the total number of mailers sent. So 10,002 letters with a 2% response rate would be 200. But wouldn't a better reflection of the response rate be based on the total number of individuals mailed?
Such as:
Total individuals mailed: 1,667
Total Mailings: 10,002 or 1667 x 6 mailings
2% Response Rate of Total Individuals Mailed: 33
I could be over thinking this, but if we go with the first example, that means 200 out of my 1,667 mailed leads called me back. For every 5 letter out the door, one will call me back. I like to consider myself an optimist, but that seems like a high ratio. Is this the case? Or should I expect a total of 33 responses for my list of 1,667 direct mail candidates mailed 6 times?
Thank you kindly for sharing your insight and experience.