Top Benefits of Email Marketing
Top Benefits of Email Marketing
In
its broadest sense, every email sent to a potential or current customer could be considered email
marketing. It usually involves using email to send ads, request business, or solicit sales or
donations, and is meant to build loyalty, trust, or brand awareness. Email marketing can be done to
either sold lists or a current customer database. Broadly, the term is usually used to refer to sending
email messages with the purpose of enhancing the relationship of a merchant with its current or
previous customers, to encourage customer loyalty and repeat business, acquiring new customers
or convincing current customers to purchase something immediately, and adding advertisements to
email messages sent by other companies to their customers.
Madison Logic posted global data in April 2014 that claimed 122 billion emails are sent every hour.
Advantages[edit]
Email marketing is popular with companies for several reasons:
An exact return on investment can be tracked ("track to basket") and has proven to be high
when done properly. Email marketing is often reported as second only to search marketing as
the most effective online marketing tactic.[4]
Email marketing is significantly cheaper and faster than traditional mail, mainly because of
high cost and time required in a traditional mail campaign for producing the artwork, printing,
addressing and mailing.
Advertisers can reach substantial numbers of email subscribers who have opted in (i.e.,
consented) to receive email communications on subjects of interest to them.
Almost half of American Internet users check or send email on a typical day,[5] with email
blasts that are delivered between 1 am and 5 am local time outperforming those sent at other
times in open and click rates.[6][7]
Email is popular with digital marketers, rising an estimated 15% in 2009 to 292 m in the UK.
[8]
If compared to standard email, direct email marketing produces higher response rate and
higher average order value for e-commerce businesses.[9]
Cost Effective
E-mail marketing campaigns are always more cost effective for a company than any
other type of marketing campaign. Not only is it cost effective it saves time as well.
Marketing through traditional means is a much more time consuming process than a
simple email marketing campaign.
Spurs Competition
In 2012 a survey was performed that determined that 87% of companies that use social
media engage in email marketing. Of the 87% that do, 93% of them reported that they
would continue to those efforts and would increase the number of email marketing
campaigns run. This means that another benefit of an email marketing campaign is that
it allows companies to compete with other companies. Those companies that do not use
email marketing campaigns may reach the point where they simply cannot compete
anymore. This can seal the fate of any business.
For all these reasons, it is smart for businesses to engage in email marketing
campaigns. Keeping up with the changing times is crucial in the business world.
1. Its Simple
Its easy and its simple. Anyone can do it anytime. This method allows you to use the mailing list
which gives you the ability to distribute information to a wide range of specific, potential clients at a
low cost to you.
2. Low Cost
It allows you to eliminate the cost for design, testing, executing, and sending printed newsletters.
Also, many people like using email marketing because it supports the green initiative and is
paperless.
5. Fast Response
Lets face it direct mail is slow. It can take anywhere from 7 to 10 days to get a response. Email
Marketing however has a response in anywhere between 1 and 3 days, or instantaneous when
youre looking at online sales. It can reach a substantial amount of email subscribers in a short
amount of time who have consented to receive emails that interest them.
7. Highly Personal
Email allows you to personalize, greet, and target every person personally. By using email marketing
segmentation, you can send messages to smaller groups within your larger list to improve results.
8. Measurable Results
Special tools are available to you that accurately measure click through rate, conversation rate, how
someone arrived at your site, and more. It is reported only second to research marketing as the most
effective online marketing tactic.
9. Targeted Marketing
You can target a specific audience based on geography, age, income, or whatever suits your needs.
Want to send a coupon to the 30-35 year old females in a specific zip code for no extra cost? You
cant do that with print marketing..
10. Interactive
Finally email marketing is interactive. You can initiate campaigns using videos, graphics, music,
quizzes, a game, or anything that will get your targeted client drawn in. Email marketing lets you
push a message to your clients, as opposed to a website that waits for customers to come in.
All in all, email marketing is a great way to get the most bang for your buck!
A second benefit of email marketing is that it can help understand what types of
content, products or services customers want. Lets return to our example of the
local retailer marketing to women. If the retailer sends an email to its female
subscribers about a new dress and shoe line and finds that the link to the shoes
received no clicks but the link to the dresses received all the clicks, its fair to say
the customers are interested in dresses.
This can not only help the local retailer with its email marketing efforts by
suggesting to the business to only send its female subscribers information on
dresses, but it may also help the retailer make purchasing decisions next season
when it is stocking its store with new clothes. That is quite a powerful tool.
BENEFITS OF EMAIL MARKETING #3: STAY TOP OF MIND
Many business owners or marketers worry about overwhelming email
subscribers. The reality is, consumers have opted-in for your email. They have
given you permission to market to them. Dont miss this valuable opportunity to
follow through and provide what they asked for.
Even if they are not in the market for your product at the time they receive the
email, your companys brand or product is going to stay top of mind so that when
they are in the market to buy they think of you first.
On the other end of the spectrum are those business owners or marketers who
let their subscriber lists go inactive. This is the worst thing you can do. This is
only going to lead to unengaged subscribers who will eventually drop from your
list and potentially as a customer. Dont let this happen and stay top of mind by
using the most of your email marketing.
BENEFITS OF EMAIL MARKETING #4: DRIVE SALES
Whether you sell products online or products and services in an actual store,
email is great at driving sales. According to ExactTarget, 50% of online users
bought something as a result of an email which is higher than any other
marketing channel. To me, that is one of the most important benefits of email
marketing for a business since the ultimate goal is sales. By having immediate
access to customers through email a business can advertise sales and
promotions or highlight a new product line. If the email is crafted correctly, these
timely marketing emails will drive customers to your website or store and
eventually lead to sales.
BENEFITS OF EMAIL MARKETING #5: BUILD LOYALTY
Converting leads into customers is an important step in the customer lifecycle.
But it is not the end. Turning a first time buyer into a lifetime customer is a crucial
step all businesses must achieve. But more often than not, businesses become
too focused on acquiring new customers and forget about its current ones.
Building loyalty requires time and a willingness to invest. One of the most
effective ways marketers can build loyalty is through email marketing.
As an example, once a customer purchases something from you, email can be
used to send them a thank you for their purchase. Later, your business can use
email to send your customer information on how he can get the most out of the
product he just purchased. Or you could use email to send him a coupon on his
birthday or anniversary. And lastly, you can use email to remind your now loyal
customer to purchase from you again.
Building loyalty doesnt happen overnight but by using email marketing business
owners and marketers can feel confident in reaching this goal.
BENEFITS OF EMAIL MARKETING #6: METRICS, METRICS, AND MORE
METRICS
One of the benefits of email marketing that often gets overlooked is that so much
can be measured. As a business owner or marketer, justifying your investment in
a marketing channel is indispensable. And knowing the outcomes of your
marketing is the first step in this process. Email marketing allows you to see
those outcomes and compare it against your investment.
Email marketing metrics go beyond metrics such as open rates and click
throughs (which are still very important). But processes can be put in place that
help a local business track how well an email worked.
For example, if a local restaurant sends a $5 off coupon through email, the
business can collect all the coupons that are redeemed at the store, aggregate
the total sales that the coupons brought in and compare the sales to the
investment in the email and the coupons. If the investment is higher than the
sales, it may be time to try something new. However, if the reverse is true,
continuing to use email marketing only makes sense.
I hope these six essential benefits of email marketing have convinced you that
email marketing should be an integral part of your marketing mix. Ignoring this
important marketing channel is a risk I assume you are not willing to take.
Getting Started
A good starting point is to get hold of an email marketing and communication system that
has the ability to publish a large number of emails to a specified contact list, store
demographic data, and track the results from your campaigns. Im partial to the InSite
Message Information System (IMIS) because it does everything youd expect an email
campaign system to do plus, it generates instant reports on relevant information such as
send rates or link-through rates, and it ties all of your campaign data back into contact
information and message history.
InSite Messages is a heaven-sent solution whenever I manage online marketing campaigns
for survey participation. We also used it to help bring in registrants for our spring and fall
conventions, product releases, publication sales, and weekly newsletters to our members.
The only thing to remember about bulk emails is this: be mindful about sending meaningful
information. Don't inundate your customers inbox with emails containing unnecessary
messages.
News Services and Announcements: Email event notifications and announcements are
also important to communicate to your customers and prospects.
Press & Media Releases: Public Relations companies have really picked up on email
campaign software to streamline the design and distribution of professional press releases.
With a click of a button media contacts can be notified immediately.
Whichever direction you decide to take your email marketing, you are sure to keep your
customers in the loop and up-to-date on what is going on in your organization. And at the
very least it proves you are alive and well and flowing with the ever-changing tides of
technology.
ril 9, 2015
In Email Strategy
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Email marketing is utilised by thousands of businesses of all sizes across the globe.
Those who are unfamiliar with this method of advertising may not immediately
understand why it is so popular amongst companies in a variety of industries but here
are ten reasons why email marketing is seen by many as vital marketing tool.
10. Low-cost
One of the most obvious benefits of email marketing is its lower cost compared to
mainstream marketing channels. There are no print or postage costs and no fees paid
in exchange for exposure on a certain billboard, magazine or television channel. Email
marketers might consider investing in specialist software to automate, track and
evaluate their emails. Granted, there may be a small overhead for sending thousands of
emails at a time, but these costs are far lower than what you would expect to pay using
other marketing channels.
8. Segmentation
Most marketing professionals would happily pay to ensure they were only spending
money targeting those who were interested in their brand. Email marketers can go one
step further though, by only sending emails to subscribers who meet certain criteria.
If a franchise only has an offer on in certain areas of the country, it can easily arranged
for emails to be sent only to those living in certain areas. If there is a sale on sports
goods, it can be arranged for only those who have shown an interest in sports to receive
an email.
Email list segmentation works fantastically for brands who gain information about their
subscribers. Studies have shown that marketers who use this tactic often boast
improved engagement rates as a result.
7. Calls to action
Email marketing is great for taking advantage of impulse buying. There arent many
other marketing platforms which allow customers to go from witnessing an offer to
purchasing an item within two clicks of a button. With a tempting call to action and a link
straight to the checkout, email newsletters can drive sales like no other channel.
6. Easy to create
Email marketing doesnt necessarily require a huge team or reams of technical nous in
order to be successful. Its certainly possible to jazz up an email campaign with fancy
templates, videos, images and logos. Yet, some of the most successful campaigns
utilise simple plain text emails, suggesting that its the content of an email that is the
most important thing.
5. Easy to track
Another key benefit of email marketing is that its easy to see where youre going wrong.
Most email marketing software will allow you to track open, click-through and
conversion rates, making it simple to spot how a campaign can be improved. These
changes can be made almost immediately too, whereas print or broadcast advertising
requires quite a bit of effort to alter.
4. Easy to share
Subscribers can forward brilliant deals and offers to their friends at the click of a button.
There arent many other types of marketing that can be shared as easily as this. Before
you know it, subscribers could become brand evangelists; focused on introducing your
business to a new market.
3. Global
What other marketing platform lets you instantly send a message to thousands of
people across the world? Sure, social media can help you spread the word amongst a
global audience but theres no telling whos actually reading your content.
2. Immediacy
Due to the immediacy of email, a business can start seeing results within minutes of its
emails being sent. A 24-hour sale is a brilliant marketing ploy that can be utilised by
email, as it creates a sense of urgency and convinces subscribers to take immediate
action. Businesses typically have to wait weeks until they see sales come in as a result
of print or broadcast campaigns and, even then, how can they be sure what was
responsible for the purchase?
1. Return on investment
In the business world, results are arguably all that matters. With this in mind, the main
reason that most businesses invest in email marketing is the fantastic return on
investment. In 2011, the Direct Marketing Association estimated that email marketing
typically returns 40 for every 1 invested. A number of sources have suggested that
this is better than any other platform.
When you take into account, the points made above, its easy to see why. Perhaps its
time for your business to start taking this marketing platform more seriously
Email marketing is a way to reach consumers directly via electronic mail. Unlike spam,
direct email marketing reaches those interested in your business area of expertise. The
information is sent out more like a laser-guided missile than a bomb: No matter what
youre selling, it is a way to reach thousands of potential customers directly at a
relatively low cost when compared to advertising or other forms of media exposure. It
brings your business message through an attractive mix of graphics, text and links
directly to people who may have never heard of your business or considered your
products, but are knowledgeable and interested in your business area of expertise.
Once you understand what is email marketing?you can start to implementing these
practices to reach more customers.
Email marketing also provides an easy way to track how effective it is. By keeping track
of how many hits your website gets after a mass mailing, its easy to gauge whether this
technique works for your company. Its also a good way to guide existing customers
back to your business. Many companies also provide an unsubscribe option for
viewers in an effort to focus only on interested potential customers. Also, your company
can opt to have a feedback mechanism where potential customers can tell you directly
what they liked and disliked about a particular advertising campaign.
Email marketing is a popular way for businesses to reach customers. According to the
Direct Marketing Association, research firms spent over $400 million in 2006 on direct
email marketing.
Email marketing can be more than just text, rich media formats can provide images
and give your product or service texture and flavor. In email marketing, you have the
complete attention of the potential customer. Pop-up ads or other internet advertising
often get in the way of what the potential customer is looking at: The content. But with
direct email marketing the advertising is the content.
The internet is the most popular way for people to gather information about products
and services he or she is interested in. Maximizing your business capability to appear in
internet searches through press release distribution and email marketing are effective
tools in reaching your current customer and potential customers with essential
information about your products or services. Its a technique used by businesses
worldwide and it can help your enterprise grow and establish a presence on the web.
Email Newsletters
Email newsletters are an effective means of keeping your client base informed about
the products and services your company offers. The email newsletter can be in the form
of a press release, or it can include graphics and information about purchasing a
product. Some email newsletters feature a coupon to entice customers to come back or
take advantage of a special offer. It can be a regular way for your business to stay in
contact with customers.
Email Surveys
An email survey is material sent to your clients or potential clients asking for their
feedback. Its a great way to test a new product, service or idea. Its also a great way to
show the customer that you care about their opinions and are willing to work with them.
Email marketing has become an essential tool for business ever since the introduction of the
Internet to the world, however some campaigns that make it through to our inboxes are absolute
rubbish that we dont take any notice of. This article seeks to explain what email marketing really
is, why companies should use it and how they should go about doing so.
Email marketing is a form of direct marketing that uses electronic mail as a means of communicating commercial
or fundraising messages to an audience. In its broadest sense, every email sent to a potential or current customer
could be considered email marketing. However, the term is usually used to refer to:
Sending emails with the purpose of enhancing the relationship of a merchant with its current or
previous customers and to encourage customer loyalty and repeat business.
Sending emails with the purpose of acquiring new customers or convincing current customers
to purchase something immediately.
Email marketing has several key advantages over traditional mail marketing, including the
following:
An exact return on investment can be tracked and has proven to be high when done properly.
Email marketing is often reported as second only to search marketing as the most effective online
marketing tactic.
Advertisers can reach substantial numbers of email subscribers who have opted in to receive
email communications on subjects of interest to them.
Over half of all Internet users check or send email on a typical day.
Email allows marketers to reach out to consumers with personalized, relevant, dynamic
messages.
The disadvantages of email marketing surround the rejection/spam rate of the emails by the
consumers email program, negatively affecting the delivery rate of the emails. This has
somewhat been eliminated with the idea of Opt-in emailing, where the consumer consents to
receiving the emails and therefore eliminates the idea of receiving unsolicitated emails Ideally
maintaining emails that are relevant and appropriate to each individual recipient.
So the questions are why and how should one go about email marketing? Well here are a few
thoughts on the matter:
Why?
Cost Email marketing is CHEAP, there are no two ways about it. Whether you do it yourself,
or through an email marketing agency, marketing to hundreds of consumers via email is going to
cost you tiddlywinks compared to other channels of advertising.
Success - Emails can be targeting specifically to the ideal consumer. With this concept in
mind, along with email cost-effectiveness, its no wonder that email marketings ROI often blows
other direct marketing strategies out of the water The trick is that you have to get it right!
Measureability and Flexibility With the analytics available today its easy to track
responses to your emails exactly, in order to work out what parts of your campaign are working
and what parts arent. With this knowledge, you can then react instantly to modify your campaign
strategy if need be.
How?
Dave Chaffey from Marketing Insights offers an experienced view into the success factors of email
marketing, using the mnemonic CRITICAL:
Creative This refers to the overall design of the email (layout/images/colour). Specifically, it
is a good idea to ask each customer whether they would like the emails in text or HTML as there
is often a great preference for one over the other.
Relevance Targeting, targeting, and more targeting. Make your emails relevent and
personalised to each recipient if you want that response rate to rise.
Incentive - Recipients look at emails and think WIIFM?, i.e. Whats in it for me??. Theres
no such thing as a free lunch right? Well Offer the recipient a free lunch for participating and
they will be more likely to respond.
Timing Dont send out an email that recipients will receive overnight, let it pop up in their
inbox during their working day. This also expands to selecting certain days, months and even
years. Remember You can test and measure what timing works best for which email.
Integration Companies can not just rely on one method of marketing, nor can they rely on
several methods of differentiated marketing. Instead, best marketing practices utilise integrated
marketing communication (IMC) where all aspects of their promotion work together to create a
whole. Email marketing must be including here, therefore your emails must carry the same image
and message as your entire operations. Even the timing of the campaign must work in with other
aspects of your marketing mix.
Copy When considering the copywriting for your email you must consider all aspects of the
language, from subject line through to your mail signature. With emails, not all links should be
saved for the last sentence, pop them in early to grab that impulsive customer!
Attributes Here Dave talks about the email header, with attributes including the subject
line, from address, to address, date/time of receipt and format. Once again, testing your
campaigns can rule out the attributes that customers consider spam and highlighting the
attributes that will work best for your business.
Landing Page Want those emails to turn into sales conversions? Dont just hyperlink your
customers to your home page; show them exactly where you want them to go and make it quick
and easy to complete any forms!
So yes Email marketing is a vital component in many industries, especially for creating those
important customer-firm relationships. Learn to use it well and it will definitely bump up your
companys success.
Just try not to send out another email that goes straight through to my spam folder. And, if the
email does manage to make it through to my inbox Make it worthwhile to read!