Wednesday, September 30, 2009
Recent studies claim that email marketing is one of only two
marketing methods businesses intend to increase spending on this
year (social media is the other).
One of the inferences we can draw from this is that email
marketing works. For several years now, email marketing has had the
highest ROI of any marketing method commonly being measured (social
media doesn't fit that description). This means that email
outperforms direct mail, TV ads, and print ads dollar for dollar.
It also significantly increases the bang for your buck when used in
combination with other methods. For example, when you run a direct
mail campaign and follow up with email, you can expect a 50% higher
rate of conversion than you can get with direct mail alone.
The other thing we can conclude from this, though, is that
there's going to be a lot more marketing email in your customers'
mail boxes.
Yours needs to stand out.
How can you accomplish this?
- Make sure your email marketing piece reflects your
brand. You need for your customers to be able to recognize
that the email they receive is from you, someone they know and
trust, not from just anyone. Onsharp can assist you with custom
templates to give you that visual consistency. When you write the
email, make it consistent, too. You don't want to say the same
thing every time, but you will want to take a similar approach,
keeping your heading, your tone, and the way you address your
customers the same from month to month.
- Offer value. If it's all about you, your
customers will be less receptive than if it's all about them.
Certainly, share the news about your new products and services. But
you can also tell your hardware store customers how to get their
cars ready for the Fargo winter, or share the best upcoming arts
events with your music students -- anything related to your
products and services is probably something your customers would
appreciate knowing about.
- Segment and target. If your list includes
different groups -- people who read your newsletter and click
through, for example, vs. people who read and don't click through,
or people who shop with you every week and people who stock up
twice a year -- then you can improve your results by creating a
different mailing piece for each group.If this sounds overwhelming,
consider using SugarCRM to keep track of these things.
- Test and track results. Measuring your results
allows you to determine the return on your investment and improve
the results of your marketing efforts. Again, SugarCRM makes this
easy, but even a spreadsheet is useful. Set your email marketing
piece up with a special landing page, phone number, or coupon so
you'll know when you get a response.
Done well, email marketing can be something your customer's look
forward to, not something they quickly delete.