Archive for the ‘Email Marketing’ Category

Ready! Acquire! Aim?

Thursday, June 17th, 2010

One of the biggest topics in organizations today is the need and desire to grow their subscriber list. Most companies believe that the bigger the list they have, the greater chance they have to sell more stuff. More stuff sold + more revenue = happy companies.

Some organizations take the hard road and build their list organically and spend money and resources on properly activating and creating brand advocates in their subscriber base. They recognize that the size of their list is not as important as the overall lifetime value of their subscriber. These organizations often have pressure internally to grow faster by out of touch executives with unrealistic expectations on subscriber growth. In most cases though, these companies follow the good path to growth and are prosperous in the long run.

Then, every once in awhile there are organizations that take the easy road. They use so many different channels, spend a ton of money on third parties that promise the world who often are using the same 50 Million Opt In, Can-Spam compliant list to try and bring in as many subscribers as they can. These organizations say they are interested in quality, but often mask that with a “yea butt” statement of “we still need to get to X million subscribers by X date”.  Activation, welcome and engagement strategies are thrown out the window and the focus becomes on getting their X subscribers to buy stuff so their investment is not wasted.

Sit back for a minute and think of acquiring a single or 5 million new subscribers as a party that you are hosting. You certainly would not invite anyone over to your party unless you had cleaned up your house, got the hors d'oeuvres, the drinks, music etc. When your guests arrive, do you open the door and let them stand there or do you give the tour of where everything is so that they can enjoy themselves. As more and more people hear about how great your party is, folks will want a piece of the action and convince you to invite their friends. Eventually it will lead to a bunch of riff raffs wanting in which will eventually ruin it for everyone.

Before you put some super aggressive acquisition plan together, ensure that your house is in order and you are ready to greet your guests. One of my colleagues and fellow bloggers here, Matt Vernhount says is beautifully: “It’s not the size of your list, its what you do with it”

Invest time and money to the more important part of acquisition. You and your subscribers will be glad you did.

How can you get a better response to your email marketing?

Friday, April 30th, 2010

Most marketers ask, “How can I get a better response to my email marketing?

First, determine who your best prospects are, then target your marketing efforts at companies who are similar.  Seems simple but often overlooked. You can start by ranking your current customers by these three criteria:

  • How much revenue do they represent over time?
  • How profitable might each customer might be?
  • How well do their needs “fit” what you have to offer?

Second,  look for similarities among the unique attributes of these top customers.

  • What industries are they in?
  • What is similar about how they use your products?
  • Are they large, medium or small?
  • Where are they located?
  • Who are the key decision-makers and what are their titles?

Then buy some outside lists (contact us for information about this) of companies and contacts that match and add them to your email campaign.  Focus your marketing with these  marketing strategies and you’ll improve the overall quality of your campaigns. And remember, test everything!

Irrelevance Hurts Email Marketers

Friday, March 19th, 2010

Marketers know the importance of sending relevant, tailored communications. But how well are we doing? Not so well according to a  poll by Chief Marketing Officer Council. This poll reveals that of 91 percent of consumers who opt out or unsubscribe to emails, 46 percent are driven to brand defection because the messages are simply not relevant. Ouch.

How connected are marketers to their customers? Not doing well here either, with nearly three quarters of consumers reporting they have received promotions for products they have previously purchased from the company.

If marketers know how important it is to be timely, relevant and personal, why is this such a challenge? One might argue marketers have a wider array of tools and technologies at their disposal, so shouldn’t they be doing a better job? While its certainly true there are more technologies to choose from, the reality is having a tool in your tool belt and knowing how to put it to best use are two entirely different things.

So, how then to achieve the holy grail of personalized and relevant email marketing? By adopting precision marketing approaches that utilize more tailored and targeted messaging throughout the customer life cycle. Continuous data collection, as well as integration and on-going analysis are needed to produce customer insights. These insights enable marketers to achieve mass-customization of messaging to customers and generate improved response, engagement and retention.

The Top 5 (ok 6) Data Mistakes that Marketers Make

Thursday, March 4th, 2010

Marketing databases allow sales and marketing to reach customers and nurture relationships more effectively (and efficiently). If they are designed properly and used correctly they are the “secret sauce”. Unfortunately, this is often not the case. Here are some of the most common mistakes made by direct marketers as they build a data-driven marketing engine:

  1. No method or procedures established for monitoring the vitality of the customer base over time. Statistics such as retention, reactivation, conversion and percent new-to-file will allow a direct marketer to more easily determine the success of various marketing strategies.
  2. Lack of standards or process in place regarding data hygiene including householding the file prior the delivery of promotions, etc. The result being mailing inefficiencies and potential customer service problems. Avoid this and scrub that data!
  3. All response models are not created equal. Many managers don’t realize that roughly 75% of analysts’ time should be spent becoming intimate with the customer data through data manipulation and review to ensure it’s predictive power is exploited to its fullest potential.
  4. Lack of basic knowledge regarding database architecture, hardware and software. Without some basic database knowledge, a marketer is not well suited to establish marketing specifications for good database development which are reasonable and will maximize effectiveness.
  5. Little knowledge of the rules that must be followed when establishing promotional or list tests to ensure results are readable, reliable and projectable and/or a lack of understanding of how to read test results once final.

Bonus mistake:

6. Purging customer records after 24 months of inactivity (or less). Most marketers don’t understand the implications of doing this. At a minimum, a direct marketer should roll up key data for inactives including all promotional data and make available for future analysis purposes for at least 4 years.

Bottom line, sometimes what you don’t know can hurt you more than you think.

Email Still the King for Online Sharing

Thursday, January 21st, 2010

A December article by eMarketer cites two recent studies to show the continuing dominance of email (as opposed to Twitter, Facebook, etc.) as the most popular method used by individuals to share information via the web.

The following study findings are of particular interest:

1) email (as opposed to Twitter, Facebook, etc.) is still the most popular method used by individuals to share content with friends.

2) content shared via email leads to more page views than any other method

3) most significantly, content shared via email is far more likely to lead to a purchase, subscription, etc. – 36.8%, as opposed to just 3.2% for Facebook and 0.4% for Twitter.

There are positives for social media as a means for sharing content – links shared through Twitter, for example, have the highest click-through rate of any sharing method.

That said, it is clear that direct marketers should be aware that the the overwhelming majority of the actual business generated by social sharing of content comes not from the new wave of social media vehicles, but rather from our old friend, email.

Source: “Users still sharing by email

Rendering Personalized Images Improves Conversion

Monday, December 21st, 2009

This holiday season is a good opportunity to use Image Personalization to good effect. Perhaps you wish to send out a personalized Gift Coupon/Voucher via email to your customers or prospects? If so, True Influence could help you merge in the name and amount dynamically from the information already stored in its Lead Database.

gift voucher

When implemented correctly (test test!), Personalized Images can do wonders at increasing relevance and conversion with your email campaigns. Please contact us to learn more about this powerful feature and how we could help you enhance the relevance of your specific marketing campaigns.

Cheers and Happy Holidays!

Tweaking frequency of email marketing

Tuesday, December 15th, 2009

As a result of last week’s post on this topic,  I’ve had some questions from customers and other marketers on best ways to fine tune email frequency. I did some digging around to see what the collective brain had to say. One of the approaches I liked the most proposed doing the following reporting work:

  • Determine the cost of acquiring email.
  • Determine the lifetime value of the average recipient on your site.
  • Monitor the number of unsubscriptions per campaign, and the number of received emails per average user.

Balancing the ratio of acquisitions to unsubscriptions, along with the value of an email (the lifetime spend) allows you to carefully moderate the frequency with which you send emails. (In fact, I’d also err a bit on the side of less mail. I can’t be the only one who has unsubscribed from good content simply because the volume became a turn off.)  Keep sending fresh relevant messages to keep them engaged, but remember once a subscriber is gone, it’s very hard to lure them back…

How to determine Email Frequency?

Saturday, December 5th, 2009

Every email marketer wants to know: “How often should I e-mail my list?”

Most common answers I hear include:

  • Test your list.
  • Review your spam complaint numbers for insights.
  • Never send more than once a week.

But why sending weekly email works for one marketer, for another, that’s too often or not enough.

A better question to ask, is “What do I have to say that my subscribers will want to hear?” This question really helps focus marketers and it should be where they are spending more of their energy. Focus on relevancy, from there it will become clearer what the optimal frequency should be for each type of message.

3 Ways to Make Your Automated Follow-Up Email More Personal

Tuesday, December 1st, 2009
An automated follow-up email is a standard touch point in a majority of marketing automation campaigns. Here are 3 Ways to make this email touch appear more personal.

1) Include the original message in the reply inline or as an attachment
2) Prefix your automated reply with ‘Re:’ and the original incoming email subject line
3) Respond after a short delay- instead of setting up an instant reply (like an Out of Office Reply)

When we normally reply to an email message to an individual, the original message is included in the reply automatically inline or as an attachment, the text ‘Re:’ is prefixed to the original subject and used in the subject of the email, also there is a time delay involved in reading the original email and framing a reply to it.

Making your automated system mimic a normal user can help make your corporate email marketing communications appear much more human and personal. Little changes such as this can often make a difference in how customers perceive your communications and in turn, your company.

Best practices for successful email marketing

Sunday, November 29th, 2009

How can I make my email marketing campaigns more successful? One of the first tasks you’ll need to do is analyze the purchase patterns (or life cycles) of your products and services. In addition you need to review purchase patterns of your prospects, new customers and repeat customers. Once this review and analysis period is complete, you will use your findings to create content that is relevant (and equally important,) target specific content to specific prospects. The final part of this exercise will be looking at when and how often to send your email communications.

Part One: Understand the life cycle of your products and services

These cycles will affect the content, frequency and timing of your mailings. Below are three examples of typical product and service life cycles.

1. Cycles with a beginning and an end – such as events and recruitment. With events the cycle is: Build interest. Find exhibitors. Recruit speakers. Get attendees. Hold event. Information about the event is not relevant once the event has occurred, (though, you may want to move attendees into the next cycle to hear about the next event). With recruitment, job seekers are on a focused mission and eagerly seeking lots of relevant information, therefore they want to hear from you often. Once they have the new job they typically don’t want to receive any further information. It is not timely or relevant to them any longer.
2. It is part of an ongoing cycle – This can be the beginning of a long cycle of your relationship with a prospect. Monthly newsletters are excellent at taking prospects (or existing customers) through the entire cycle of their relationship with your company: e.g. prospect – new customer – repeat customer.
3. It moves from one cycle to another – a potential customer may be searching the web for information about a product or service they are interested in purchasing. The intensity of the interest and time frame in which they need to make a purchase varies. By capturing them in a newsletter sign up form on your website you can warm them up (also known as nurturing) with the intention to move them from possible prospect to new customer.

Part Two: Understand your prospect’s purchasing process or cycle

The decision making process for a purchase also affects the frequency and timing of your mailings. While B2C mailings can include an element of impulse buying, B2B mailings will normally have more people involved in the sign off of a purchase.  In either instance, the general purchase process looks like this:

1. A problem or need is identified by a customer/company.
2. They begin a search for information – This is a critical period to reach your prospective customers – often the beginning a dialogue with them, whether through a visit to your website, or via contact from an event. Email marketing can help nurture this relationship as they work through the decision-making process.
3. They evaluate choices and alternatives – Here’s where your expertise, experience and knowledge will be critical in helping them decide to purchase from you. There may be a long cycle between researching, reviewing/evaluating and the actual purchase – this will largely depend on your product and service.
4. They make the purchase – If they purchased your products or services, congratulations – you now have a new customer! Now the work shifts from customer acquisition to building customer loyalty.
5. The post purchase evaluation – Here’s where your email newsletter, which has been building loyalty and providing customer care, can help ensure that they are a repeat customer.

Next week: Best practices for determining the frequency of email marketing