Is it K or M when referring to "per thousand"?

 Have you noticed.... that the print / mailing / marketing services world uses "M" in their pricing quotes while the financial world uses "K" and each one means "per thousand? 

In the marketing and data world, "M"  stands for per thousand records of data. In the print world, it would stand for per thousand sheets of paper, or other print functions like inserting, or completed print pieces. Many manufacturers also use "M" in their per unit pricing.

M and MM are Roman numerals where M stands for "one thousand" and MM is intended to denote "one thousand thousands"or "one million". A quote for mailing services would commonly show as $ /M.  For example, a cost quoted as $25/M would equate to $25 for every thousand pieces. It has its roots in the British Imperial System using Roman numerals and can also be referred to as USCS (US Customary System).

CPM - Cost Per Thousand  (M=1,000) - is a marketing advertising term referring to the cost usually referred to for internet pricing. For example - the cost of a Google or Facebook ad might show as $10 CPM, meaning $10 for every thousand times your ad appears. CPC means "cost per click".

The financial world uses "K" when referring to "per thousand dollars". Why is there such a difference in terms when they basically mean the same thing?

K comes from the Greek world "kilo" which means one thousand and is used in metric / decimal systems. The corresponding prefix for one million is M. An amount in the accounting and financial world shown as $14K would equate to $14,000.00. 

It is entirely possible when dealing with a vendor that both terms could be used in the same sentence:  An example would be a marketing quote for 80,000 records of data for a list order or pertaining to a large print order:

                        $45/M x 80 = $3.6k ($3,600.00)

One answer I came across as to why industry uses USCS and not metric is that when the industrial revolution happened, measurements were based on the imperial system and as time went on, it was too cost prohibitive to change. Industries dealing with international business would likely use metric.

Otherwise, I can't really find an answer as to why these two professions use different ways of of expressing "per thousand". Trust me though -- it makes a big difference when talking with various vendors for services. It's good to understand that these differences exist. 

DBS - helping you to mail smarter

California New Privacy Law

Notice to Marketers:  California has a new privacy law that took effect January 1, 2020

This law grants consumers a right to request companies that are in the business of selling data to disclose the categories and specific pieces of personal information that is collected about the consumer. It grants the consumer the right to request deletion of personal information and requires the business to delete their information upon request. Failure to respond could result in penalties.

"Personal information" means information that identifies, relates to, describes, is capable of being associated with, or could reasonably be linked, directly or indirectly, with a particular consumer or household. Personal information includes, but not limited to using a real name, alias, online identifier,  postal address, email address, etc.

The bill, however, specifically allows use of personal information that is gathered from "publicly available information". 

DBS is in the business of selling data for use in advertising goods and services. This data is obtained through a variety of sources - most comes from public data and others is inferred or obtained by other self-reported sources.

To comply with this, a suppression file would need to be created of people who make this request. We would have to rely on each client to keep a file of people requesting to be taken off a list and suppress from each mailing. 

Because we do not believe a suppression list could be maintained without error, we will change our practices, for the time being, to be in compliance by selling lists for mailing in California that are addressed only to "Resident" rather than a specific name. 

We value our California clients and hope implementation of this law does not affect your marketing efforts. Please reach out for any questions or follow-up on this issue. 

DBS - Helping you mail better and smarter

Go to this link to read the language in the full bill,  California Privacy Law 2020

Are You Mailing To Dead People?

I was talking to the receptionist at the assisted living facility that my Mother lives at and she told me about the mountains of mail she receives daily for people who have passed on to the great beyond and asked if there was anything that could be done to get it to stop.I explained that most reputable list compilers pass their data against the deceased file before it is released to advertisers, but not everyone does. And, if it is an internal list and isn't updated  then that person's name will be used on mailings until someone tells them to remove it.  And, to make things worse - deceased names can also come back on when people leave the deceased's name on telephone directories, utility billings etc. perpetuating the problem. It just gets picked up over and over by advertisers even when they are doing everything they can.

Are you mailing to dead people?

Unless you are routinely cleaning your list, then there is a good chance you are.  We can clean your mailing list for you by running your data through a process that identifies deceased people. At the same time, we can pick up new addresses where people have moved and remove bad addresses.

It costs a lot of money for printing and postage -- don't waste your money -- statistics show dead people never order.  Increase your ROI - only mail to people who are breathing.

DBS can help you mail better - and smarter!