In recent years it seems as if E-Mail marketing has fallen by the wayside in light of emerging technologies and trends. Time and time again statistics have supported the profitability and legitimacy of E-Mail marketing, so it’s important to take a step back and see how E-Mail marketing is or more importantly isn’t, affecting your company.
Here are three questions to ask yourself or your marketing team in order to answer the bottom line; do we need to invest or reinvest in E-Mail marketing?

1) Have you forgotten about the basics?

In this new Web 2.0 world marketers are constantly scrambling to keep up with the latest trends, throwing money at anything deemed “cool,” “trendy,” or “popular.” At first glance new social outlets and advertising mediums may seem appealing, but sites such as YouTube, Twitter, Facebook, and Myspace have short track records in terms of performance and viewership capabilities. These mediums aren’t poor investments by any means, but more often than not companies are blinded by the popularity of new social sites and forget about the basics of interactive marketing; E-Mail marketing. 
In one Forrester survey E-Mail more than 80% of businesses surveys achieved a significant return on investment - double that of most other marketing initiatives. I highly doubt any current social media site can boast 80% ROI satisfaction for use of their advertising and marketing platforms.

There’s a reason social media and Web 2.0 technology is called the “frontier” of internet exploration; IT’S UNKNOWN TERRITORY. If you’re hoping to catch the wave early and become one of the first settlers on the new frontier, be prepared to sacrifice quite a bit of blood, sweat, and treasure. A word of warning though for those looking to brave these mysterious, ever-changing virtual landscapes;  by the time you and other businesses jump on the bandwagon, the consumer has most likely started getting off to ride the new model bandwagon – the one that has three axels instead of two.

BOTTOM LINE: Like my great grand pappy use to say, sometimes the best things in life are the simplest things; E-Mail marketing may not be as flashy as a MySpace page, but 9/10 it will dole out a much larger reward upon investment.

2) Are you putting your data to good use?

For those already utilizing E-Mail marketing it’s important to take a step back and review your E-Mail marketing process. Do you simply click “send” every two weeks to blast your newsletter or promotion? One of the foremost reasons E-Mail campaigns fail or plateau revolve around the marketers lack of interaction, understanding, diligence, or experience analyzing and applying the data generated by their E-Mail campaign.  E-Mail is light years ahead of almost every other advertising medium in terms of accountability and tracking, the question is whether you’re leveraging this unique capability or not. With the ability to instantly review the results of your efforts, it’s important to analyze the outcome through multiple lenses rather than just a couple such as “E-Mails opened,” “conversions,” or “bounced rates.”

As a rule of thumb every time you receive the results of an E-Mail blast you should be changing at least ONE aspect of your next E-Mail strategy or design. It’s entirely possible to deploy E-Mail blasts without acknowledging the data and still receive a good response and return. As a marketer you need to apply the data you receive in order to run a GREAT campaign. Just because you’re running a “good” campaign with minimal effort doesn’t change the fact that in reality you’re really running a poor to mediocre campaign.
The most effective E-Mail marketing is an evolutionary process consisting of hours, and hours, and hours (and hours) of data compilation, review, and reform. If you or your marketing team takes performs no action other than clicking “send,” odds are you’re missing out on the true strength of E-Mail marketing; quick, intuitive, statistically supported campaign adaptation.  

BOTTOM LINE: We don’t live in a static world; neither should your E-Mail marketing.  

 3) Are you maximizing your dollar during the recession?

Marketing departments across the world have been laying off employees in droves. Even higher level management today is looking for any way possible to show their superiors that they add value to the company. What would your superiors say if they saw you could not only boost revenue but cut costs at the same time?
Marketing budgets have shrank, but thankfully E-Mail marketing prices have stayed relatively the same – cost efficient. Of all the advertising mediums both virtual and physical, E-Mail marketing is among the most cost effective with the privilege of being able to boast one of the highest ROI’s. A single print ad can cost thousands upon thousands after the cost of graphic design and ad-space. Instead of paying $10,000-$25,000+ for one month of magazine advertising, you can run a four month e-mail campaign which normally entails better audiences, conversion rates, and accountability. If you find the costs of traditional advertising to be exorbitant, it may be time to dust off the E-Mail marketing proposal and take another look.

BOTTOM LINE: As the great Benjamin Franklin once said, “A penny saved is a penny earned.”

So ask yourself:

1) Would it be beneficial to scale back on costly new-age technology investments in order to temporarily invest in more dependable marketing initiatives?

2) Would it be beneficial to engage in an E-Mail marketing discovery phase to see if you’ve truly been interacting with your campaigns and applying the data you find?

3) Would it be beneficial to divert your limited budget to more cost effective (and often times profitable) marketing venture such as E-Marketing?

 

There is a quote in the book The Truth about Email Marketing:
"Email marketing has been called the original social networking tool..."

Social media does not replace emails.  The advantage continues to be that not everyone has a Facebook or LinkedIn profile, but everyone has an email address.

You can capitalize on your social media campaigns by integrating email marketing:
Capture email addresses on your Facebook page.
Promote your email services on your LinkedIn profile.
Test marketing messages and creative elements on social networking sites.
Use email to drive traffic to your social media initiatives.

Recent stats from EmailStatCenter.com you might find helpful in convincing your management team to continue to invest in email marketing in order to reap the benefits:

"50% of consumers surveyed said they're more likely to buy products from companies who send them email, whether their purchases are online or at a place of business."
- Epsilon "Branding Survey" (Feb 2009)

"80.4% of marketing executives surveyed say email performs strongly as an advertising channel for their companies."
- Datran Media "3rd Annual Marketing & Media Survey Results" (2008)

"While 60% of marketers plan to cut their traditional marketing budgets this year, 47% of marketers plan to boost their email marketing budgets."
- Aberdeen Group, "Recessionary Marketing: How Best-in-Class Companies Are Weathering the Storm," (Jan 2009)

Has social media replaced email marketing?  Hardly!  Has it changed it?  Sure.  It offers a new way to use email marketing.  Email marketing continues to drive relationships, retention, and revenue.

Definition 6 sends out almost 300 million emails on behalf of clients.  We also specialize in social media.  We can help you integrate your interactive marketing initiatives to maximize the benefit.

Definition 6 Client Manager, Gabe Rand, on the impact of implement overnight sends on your next targeted email marketing campaign...

I recently read an article on the Marketing Sherpa site about how a company using email marketeing services ccontinued to test email send times after a previous test showed a surprising boost in CTRs for messages sent out overnight. They wanted to verify tests of this unconventional time to make sure the rate held up.  What the article points out is that:

1. Varying send times may impact click throughs, even if it does not impact open rates
2. Early morning sends positively impacted click through rates, while making minor impacts on open rates
3. Be sure to not only test send times for the entire send but do a/b or split testing for the same send for multiple times of day.

In summary, continuous testing of an email program leads to additional insights and the more you know about how your consumer interacts with the messages you are sending them the more power you have.  Check out the full article by logging into MarketingSherpa.com.

Simple E-Mail Segmentation

Jeremy Bromwell and Cecilia Barella, Definition 6 Account Coordinators, recently spoke on articles they read on ClickZ...

List segmentation is often perceived as difficult or expensive; however, if you are not currently segmenting your list there are some very simple tactics you can use to better target content and improve performance of your direct email marketing efforts.

Jeremy and Cecilia explained segmenting your list based on metrics and developing 5 groups:

There are different strategies and tactics utilized to tailor your messaging for each of the above groups.  Our email marketing services can not only help you segment you subscriber list, but also develop comprehensive strategies ranging from trigger-based transactional emails, quarterly schedules, to templates that view and convert well across multiple platforms and browsers.

The full article can be viewed at: http://www.clickz.com/showPage.html?page=3629708

CAN-SPAM is the US Federal Anti-Spam Law in effect since Jan 2004.  There are four new rules which went into effect on July 7, 2008, which may require changes to your email campaigns or the unsubscribe process at your website.

FTC New Rule Provisions:

1.  Email recipient cannot be required to log in to unsubscribe.

2.  All 'senders' of the email are responsible for compliance.  When we do affiliate marketing for clients [for example: advertise in emails sent out by Website Magazine], the sender in From Line is the primary sender and is responsible for complying with CAN SPAM; but, if they do not...then, all advertisers are liable.

3.  If you offer a reward for recipients to follow to a colleague or friend, then all CAN-SPAM rules apply to the forwarded email.  Therefore, the recommendation is "DON'T offer an incentive to subscribers to forward emails."  In addition, the content that is contained within the forwarded email must be able to controlled by the subscriber.  You have to let them see what the email is going to say and give them the option of editing the content.

To read the entire article and keep up with legislation that affects emails, click here:  http://www.ftc.gov/opa/2008/05/canspam.shtm 

Definition 6 helps clients with email campaigns by crafting email strategies, composing targeted messaging, creating email templates, incorporating dynamic content, deploying emails, reporting on the results, and continuous testing to optimize email campaigns.

Lynn Moss
Def 6 Client Manager

I recently "opted-in" to an online retailers email list. The experience was underwhelming to say the least. After I optedin, I received an immediate email welcoming me to their distribution list. Six weeks and counting, and I have yet to receive another communication from the firm. At another e-tailors website, I opted in while looking at some of the services that they offer - in this case looking to replace some windows on my condo. Several weeks later I began to be run over by emails offering discounts on hand tools, consumer electronics, and large appliances. There was nary an acknowledgement that my reason for opting in had to do with their services rather than their products.

At a team meeting with another large internet retailer, I asked the online marketing manager if they documented where a user was on the website when they opted in. Blank stares all around. Then the question, "Why would that matter?" I asked, "Wouldn't you want to know what someone was looking at when they decided to opt in?" To me it was a totally obvious connection; to my client it was an irritating question. Further research showed most e-tailors clearly in my clients’ corner. Opting in was good enough. No reason to know more. I pose it as the complete opposite. And the difference is the ability to easily begin a 1:1 customer dialogue over the web; or not!

If the web retailer mentioned above had documented that I was looking at a window installation when I had opted in to receive additional communications, they would have targeted messages to me for window installation services, window treatments, perhaps shutters and other products that showed they knew what my specific interest in their firm was all about. Instead, I was lumped in with the several other million email optin's who apparently have an insatiable thirst for inexpensive hand tools and cheap consumer electronics. I no longer read that firms email marketing promotions, as they contain nothing I am interested in. 
 
So the light bulb clicked on. How many firms on the internet try to map where a user was when they opted in so they can create better email marketing campaigns or email marketing services. If my experiences over the past two years are any indication, the answer is not many. So here are a few simple steps that a firm can take to integrate their email campaigns in order to move towards a more customer centric 1:1 dialogue.

1. For the easiest level of integration, firms with multiple products and services can provide users with a checklist of items for which they are interested in receiving email and other interactive marketing communications. A few large computer hardware vendors are already adept at this. 

2. For sites with multiple products and services, they should capture where a user was on the site when they opted in. This could be at a category level, product level, or possibly a business unit level.

3. Create interactive marketing promotions that correlate to the distinctly different parts of the site where users opt in. For example, if I was looking at "services" at least send me email messages that show awareness that I was interested in services rather than products.

4. If product categories are highly differentiated, than the corresponding email campaign should be too. For example, if hand tools and power tools are in different categories, and I opted in looking at hand tools, than a subsequent email marketing campaigns should contain some elements related to hand tools.

5. Over time, an "opted-in" customers' sales activity should be added to their profiles so that over time the firm can know what they were viewing when they opted in, what online promotions had a high click through and/or conversion rate and which products were ultimately purchased.

At that point, the sponsoring site should have all the information they need to have a robust 1:1 customer dialogue with an engaged and nitrated client. And all because they captured what page a prospect was viewing when they opted in to receive additional information. Sometimes, the missing link doesn't have to be missing at all.