Intelligent Mail barcode specifications eco-friendly space saving will also put more cash back in your pocket with financial incentives.
Did you know that six million trees and more than 300 million pounds of paper are wasted each year on undeliverable-as-addressed mail (UAA) Standard class mail? It costs the USPS over two billion dollars annually to process this true “junk mail”. And the cost to mailers is even more dramatic – UAA mail costs direct mailers over six billion dollars a year.
The USPS provides postal discounts for mailers that meet Move Update standards by keeping their lists up-to-date with current addresses. Authorized methods to meet Move Update standards include: NCOALink® processing, FASTforward® processing (letter mail only), and Address Change of Service (ACS™).
The USPS maintains a database with approximately 160 million records or 48 months of permanent address changes. It’s called the NCOALink® product. You can submit your mailing list or database records to USPS approved vendors for NCOALink® processing to match your addresses to the change-of-address records on file with the USPS.
Since 1986, when the USPS introduced the product, NCOALink® has saved mailers billions of dollars that otherwise would have been wasted in paper, postage, and labor costs. NCOALink® processing your mailing list before mailing can have a significant impact on the ROI for a direct mail campaign. Let’s take an example of a 100,000 piece mailing at bulk rate with a total cost of $0.50 per piece. For this example let’s say that the mailing will generate a 1.5 percent response rate and $50 in average sales.
So, is Postmaster General Jack Potter’s call to reduce UAA mail by 50 percent by 2010 a green initiative designed to help decrease global warming and unnecessary environmental waste?
Absolutely. But it’s also a common sense business initiative that will save both the USPS® and mailers a tremendous amount of money – money better spent on job creation, product development, and effective marketing.