Email Marketing today is regarded as one of the most powerful marketing tools available to businesses of all types and sizes. According to research conducted by the Direct Marketing Association, Email Marketing generated an ROI of $48.34 for every dollar spent on it in 2007. The expected figure for 2008 is $45.06, and the prediction for 2009 is $43.52. As such, it outperforms all the other direct marketing channels examined, such as print catalogs.
Now these statistics are old you may say, but according to a more recent survey by comScore, online sales soared for the first week of the 2008 holiday shopping season. According to comScore, Cyber Monday 2008 showed a 15 percent increase over 2007 and the first week of December remained strong with a seven percent increase over last year. 33.4 percent of these e-commerce sales were generated from referral traffic with direct Email Marketing campaigns accounting for 16.1 percent of the business, up from last year’s 11 percent. While companies are cutting back their advertising spends in print media, television, and radio, Email Marketing and Internet marketing budgets are on the rise. The DMA forecasts that Email Marketing will see a 20.7 percent increase in 2009, which is the highest percentage of spending growth across marketing channels.
It is thus quite apparent that Email Marketing is an excellent tool to reach customers. However, Email Marketing campaigns must be deployed correctly in order to maximize return on investments:
Step 1 – Find a Partner
Like any other software, companies always have the option to build the software in house or buy the software off-the- shelf. Our recommendation to you would be to purchase your Email Marketing software off-the-shelf software for various reasons.
Each option and functionality provided in Email Marketing software requires a full team of IT and marketing specialists. Tackling a complex business function solely in-house demands a great deal of time and dedication, not to mention a substantial up-front financial investment.
However, with such a decision comes the need to ensure that you link up to a service provider who doesn’t just make promises but delivers on proven methodologies. There are many Email Marketing solutions available that offer different feature sets, different services, different tracking capabilities, and different price points. In order to choose the right partner, you must first carefully define what you would like to accomplish through Email Marketing, as this will determine what sort of solution you need.
Step 2 – Define Strategy & Audience
Once a solution has been agreed on, it is important to decide who the target audience is and how they are to be approached. A few questions to ask at this stage are:
- What type of Email campaigns do you want to send?
- What is the purpose of your message?
- Who is your target audience?
- How will you reach that audience to gain subscribers?
Defining what you want to do with your Email marketing solution will help you set up for success. People are used to using Email as an informal communications tool, but in order be successful with Email marketing, you must run the campaigns as detailed and methodical as you would a print an ad campaign!!!
Step 3 – Set Goals
Before contemplating the design and content of your campaign, it is important to determine the goals of the Email Marketing campaign. Determine at this stage whether you would like to strengthen brand awareness, increase website traffic and so forth.
Step 4 – Create a Segmented Database
In order to build a strong marketing campaign, it is important to define the type of data that is required to personalize a message, who your subscribers are, what they want to see and how their needs can be satisfied.
In order to segment a database, clearly define the data fields that are required to capture new customers information. While it is important to ask specific questions about customers, it is equally important to ensure that no irrelevant data is being captured, as customers often prefer to remain reserved about their personal information in the online medium.
Based on the design of the form that is being put online for customers to fill, such data acquisition can be segmented as users can highlight their interests and preferences thereby enabling companies to deliver information-specific content to individual users.
Step 5 – Create Appealing Emails
Always ensure that the first Email that is being sent out to customers is one that welcomes and thanks them for joining your Email list. This gives the subscriber a greater sense of added trust and integrity with the company to which they have entrusted their personal details.
Secondly, ensure that the information being sent out to clients are relevant to the content that they have subscribed for. Other factors to implement when creating an email are:
- Include a Compelling Subject Line
- Address Emails With a Personal Tone
- Deliver Timely Information
- Highlight All Key Points in the First Paragraph of your Email
- Keep Content Brief and Concise
- Integrate Call-to-Actions in your Emails Directing Users to your Website
- Use Fonts and Colors That are Relevant to your Branding
Step 6 – Review and Pre-Launch testing
Once the Emails campaign been has been strategized and developed, perform a series of tests on the email prior to sending it to your subscribers. Doing so will ensure deliverability while providing you the opportunity to tweak the message.
One very important step that many Email Marketers forget to deploy is ensuring that the message complies with the CAN-SPAM act. For a message to be compliant with the act, it must contain four things:
- An Opt-out Feature
- A Valid Subject Line and Header
- The Physical Address of the Mailer
Step 7 – Launch the Emails
The time and day when the email is sent out to clients is an important factor to consider as well. Always consider your recipients’ time zone, making adjustments to the schedule as needed. Also, maintain a certain level of consistency in the time and date of each Email deployment if routine Emails to customers are being sent out.
Step 8 – Track Results & Follow-Up
Having launched your campaign, it is now necessary to track your results. Gather information on:
- When you receive the most traffic on your website
- Which articles yield the highest read rates
- Which offers generate the most sales
This final step is probably the most important step in the entire Email Marketing campaign as it not only affects the success of the current campaign, it also makes or breaks future campaigns as well.
Email Marketing is often considered the backbone or driving force behind a successful Emarketing campaign. However, as mentioned previously, it is imperative to maintain certain standards that place you above your competitors.