The Thank You Economy and The Free Economy Start to Work

On April 1 2011, NewPath Technologies launched an email campaign to give away ebooks or print copies of the new book by Gary Vaynerchuk called “The Thank You Economy”.

We sent out over 650 emails to the best friends of NewPath Technologies. Emails went all around the world. And the response has been terrific. The first send had almost a 25% open rate. A follow up campaign 1 week later to those that didn’t click yielded another 8% for a total rate of over 30%!

Campaign Open Rate

And 19 people have taken advantage of the offer using the following means:

Offer by Book Format

And here’s the most amazing thing of all — as a lead generation tool this campaign yielded a terrific response. 42% wanted to hear more about NewPath Technologies, and 11% had a referral for a small business they knew that could use NewPath services!

Rate of Interest and Referrals

The follow ups begin now to get comments on what the recipients thought about the book and to describe the NewPath Technologies services to the interested parties. We’ll email a link to this post to all folks who have read the book and accept comments here for 2 weeks. Finally we’ll post a full review after 3 weeks when folks have all received and (hopefully) read their copies of “The Thank You Economy.” If you know of a small business that wants to amplify their presence online, please let us know.

ps. The whole campaign was run with 3 of the useful tools offered by NewPath Technologies – TypePad, Formstack and Mad Mimi!

About the author

Alex is a pioneer in using the cloud to meet the needs of small and medium sized business (SMBs) and membership-based organizations. He has a BSc in computer science from the University of Michigan and has worked as a product manager at two Internet startups. Alex is a father of 2 and plays the trumpet for fun. He is the founder and the president of the University of Michigan Alumni Club of Toronto.