Email Marketing: 5 Steps to Better Results
Do your sales emails consistently generate revenue, or are you seeing peaks and valleys? Email promotional programs are very predictable once you have enough historical data. Peaks and valleys that are not seasonal suggest that there may be underlying issues affecting your revenue. Subscriber fatigue is one such issue. It happens when people receive the same type of emails over an extended period of time.
The first sign of subscriber fatigue is a decline in open rates. If there is nothing new, then why open the email? The second sign is a higher click-through rate on opened emails. When people are ready to make a purchase, they look for a discount. The combination of lower open rates and higher click-throughs indicate that your emails may have become a coupon mecca.
Are your service emails a statement of facts or a conversation with your customers? Order and shipping confirmation emails can be much more than "here's your information, thank you for your order" notices. They can be entertaining and sharable.
A good email marketing strategy increases sales. A great email marketing strategy increases sales, introduces the company to new people, and keeps customers' happily coming back for more. The only way to move from good to great is to optimize every email sent to customers and prospects. Tips for making the move include:
- Partner with non-competitive companies and organizations to connect with new prospects. Selective partnerships help grow your company's prospect list exponentially. Allies from corporate and non-profit worlds can introduce your business to new people that are highly targeted. In turn, your participation provides reciprocal information or financial support.
- Customize emails to buying behavior. There are three very good reasons to invest time and effort into modeling emails around buying behavior. They are response, revenue and retention. Carefully crafting individually customized emails improves results. You don't have to have the analytics chops of a large company to do this well. Even small changes can make a difference.
- Analyze email customers differently. People who choose to receive your emails are different from other customers. They order more often and spend more money when they buy, but this doesn't automatically translate into more profitability. If subscribers are primarily buying at discounted prices, they generate higher revenue and lower profits.
- Use reminders to help customers. Your customers are busy people. They don't always remember that cars need servicing or they are about to run out of consumable goods. People tend to take the path of least resistance. When your company makes it easy for them to take care of maintenance and replacement issues, they seldom look elsewhere. Pricing is less of an issue because purchasing from your company becomes a habit they don't want to break.
- Send people to the right place. The Internet is a wonderland filled with rabbit holes that take people away from your marketing messages. Your customers and prospects will become distracted and venture off to other activities if they do not have a clear path to follow. The emails they receive from your company are the starting point of a map to the final objective. Anything that isn't easily recognized as the next step or requires the traveler to stop and think is a diversion that needs to be eliminated.
For more, check out the full e-book "31 Ways to Supercharge Your Email Marketing." The e-book shows how to make simple changes that improve email marketing results with examples of what works and doesn't.