It’s a well-known fact that marketing can make or break a business, startup, or any other enterprise, depending on how effective it is. Once you realize just how large a role it plays, it becomes clear why marketing can eat up so much money. A common rule dictates that around 5% of your overall budget should go to marketing alone, if not even more.
Marketing as a business has been constantly evolving, seeking new creative ways to advertise products or services, often by riding the wave of new trends or technologies. This resulted in what can almost be described as an arms race to find the ultimate advertising method. Many marketing channels fell out of favor in this process, but one tactic has time and time been proven to yield terrific results if done properly.
That method is email marketing.
Email marketing still stands as one of the most reliable ways for you to grab people’s attention and see a satisfying return on investment. Open rates for email marketing stand at about 25%, while the average ROI is around $38 per dollar invested.
These stats are nothing to scoff at, and any company aspiring to further its growth ought to implement this advertising method in one way or another.
The catch, though, is that email marketing needs to be done right, or your numbers will be but a far cry from what you’ve read here. You certainly wish to avoid that, so, to help you do so, here are five critical tips on how to get the most out of email marketing.
A well worded subject line draws the reader in rather than driving her away, and this might be the most vital thing to pay attention to. To make sure you benefit maximally from subject lines, think about the following:
Personalizing the emails by including the receivers’ names and the cities they live in generates a higher response rate – click-through rates go up by 24%. But personalization goes beyond just names – keeping tabs on users’ activities and sending behavior-triggered emails accordingly is also a key factor.
Some believe this tactic takes a lot of time and effort to implement, but that isn’t the case. Loyalty programs and keeping track of your subscriber base make email personalization a relatively easy tactic for boosting response rates. You can learn more about your subscribers by sending out questionnaires.
[ Recommended: 4 Easiest Steps to Make An Email Marketing Campaign Successful ]
Assuming the reader has opened your email, adding images, GIFs, or videos can serve as a great attention grabber that ensures they don’t abandon it immediately. Emails with some sort of video content get open rates 19% higher than the rest. Furthermore, a video can communicate your message more quickly and creatively.
The only thing you need to look out for is compatibility. For instance, GIFs don’t tend to work properly on Windows Phone 7, so make sure that the first frame of your GIF contains all the important info so that everyone gets the gist.
Another crucial piece of advice – the mobile market plays a huge role in email marketing, and that role becomes more dominant by the day. The average order value of mobile using demographics has gone up to $66.40, compared to desktop users’ $86.20. Seeing that people are spending more through mobile orders, you should capitalize on that front as much as possible. To pull that off, you should consider making these changes:
What’s email segmentation? It means segmenting your email recipients into groups and adapting your tactics to the characteristics of those groups. Think of it as large scale personalization – you can segment them by age, residence, occupation, interests, or whatever metric that’s of use to you. It sounds so trivial, and yet you can reap tremendous benefits from segmentation, as it allows you to personalize emails to a much higher degree.
Besides the aforementioned demographics, some smart ways to do segmentation include segmentation by email engagement (active vs. inactive recipients), geographic location, past purchases, or amount spent.
These master tips will go a long way to enhancing your email marketing campaigns. With just a few simple tweaks, you can extend your brand’s reach, as well as better connect with subscribers and potential new customers alike.
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