Email Marketing is one of the most cost efficient and effective tool.
As its core, Email Marketing is a tool for customer relationships management (CRM).
Its Purpose: To build virtual relationships with existing and potential customers.
Its Benefit: Maximise the retention and value of these customer, which should ultimately lead to greater profitability.
What is Email Marketing?
Simply put, Email Marketing is a form of direct marketing which utilises electronic means to deliver commercial messages to an audience. It is one of the oldest and yet still one of the most powerful of all digital marketing tactics. The power comes from the fact that it is:
● extremely cost effective and has a low
cost per contact.
● highly targeted
● customisable
● completely measurable
A successful email campaign requires careful attention from planning to execution and evaluation of the campaign. There are certain best practices and steps to follow which will ensure the success of email campaign:
Step 1 - Strategic Planning:
The first part of any email campaign should involve planning around the goals you will need to achieve.
There are roughly 2 types of commercial emails you can send:
Promotional emails are more direct and are geared at enticing the user to take action through purchase or sign up
Retention based emails usually take the form of a newsletter and may include promotional messages but ultimately should contain information of value to create a long term relationship wirh the reader.
A successful email campaign is most likely to be the one geared at retaining and creating a long term relationship with the leader.
Step 2 - List Building and Management:
Step 3 - Creative Execution:
Step 4 - Design
Step 5 - Newsletter Components:
reder in identifying the newsletter and
enticing them to open it. It is important
to avoid promotional words like "free",
"win" and "buy now" due to these being
flagged aa potential spam by email spam
filters. Using the name and edition of the
newsletter in the subject line aids in
maintaining consistency and also helps
opportunities to build the relationship
through creating a perception of
familiarity. In other words, the reader
needs to perceive that the newsletter is
somewhat unique for them and sent
personally by the publisher. Using a
personalized company email address for
the "reply" field creates familiarity and
builds trust with the reader. The " from"
address should also include the
organisation's name. A meanigless
"from" address which the reader cannot
identify only servers confuse the origin of
practice with emails. However, some
companies still start the newsletter witha
greeting like " Dear valued Guest " . This
can be acceptable as a default greeting;
however, using their first name or
surname can create a perception of a more personal email. This can be taken future of the customers give you a
preference regarding the content they like
Step 6 - Deployment:
Step 7 - Tracking and Reporting:
It is crucial to determine the success of your email campaign on the short and long term basis. For this you will need an email tracking system which produces statistics in a user friendly manner. It is important that these statistics are used in a way which improves and refines the email campaign to boost your goals and return on investment (ROI). The following measurable contribute to your understanding of the performance of email campaigns:
Tracking the Growth or shrinkage of
your database can help you analyse
what is or what is not working in a
newsletter. A significant or consistent loss
in subscribers is a key indication that you
are not meeting the needs of your
subscribers. A high pass on rate indicatesthat your list values the content enough to constantly share with others. Splitting the list and testing 2 versions of the newsletter can help determine the cause of high unsubscribe rates. The size of the list however, is not as important as the quality there of as a high percentage response from your existing newsletter recipients carries more impact than subscriber growth which may still yield low response rates.
This measures the effectiveness of your
email via the link placed there in . When a
reader clicks through to a webpage, these
can be easily measured as a percentage
against number of delivered, opened or
sent emails. By analysing these statistics,the email marketer will be able ti tell which content or promotion was the most enticing for the reader. Measuring the click through and conversion rates will ensure that you are able to track differences and trends the same way over time in order to improve the newsletter content and its impact.
The feedback from readers is probably the best way to gauge what impression your newsletter is making on them. If you are receiving regular positive feedback, chances are that many of your readers are impressed with the style and content of the newsletter. Evaluating what they are saying about you in other areas on the internet will also help you get a better picture of the reputation of your brand online.
● Split testing:
This is one of the most important parts of an Email Marketing campaign! Split testing across a host of factors like open rates across different subject lines, different days of the week and times of the day, different copy styles and email length, for example, will enable you to see what is working best for your campaign. In short there is no alternative to putting a lot of time and energy into testing and fine tuning your email marketing strategy your open rates will improve and the results are well worth it !
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