Drive Sales with Effective Email List Marketing
Getting people to
register with your website to receive additional information and periodic
updates about your products and services as well as other related information
is a great way to build a community of interest around your business, and a
valuable marketing tool.
Once you've got an email list, the trick to getting the best
response from your email marketing campaigns is to ensure you're sending-out
content that gives people good reason to respond. Too often marketers and
businesses lose valuable (and hard won) list members by applying a scatter-gun
approach to their email list marketing.
Being selective about what you market through your email
list is vitally important. The messages being sent to the list need to fit with
the reasons people became members/subscribers in the first place. And staying
true to the theme of the list greatly increases open rates and conversions.
For instance, if you're a member of a fashion magazine and
have signed-up for new email product updates, then you mightn't mind receiving
an email promotion from Revlon or Levis. But if you start receiving email
promotions for Tiffany toasters via a fashion email list there's every chance
you'll ignore it, bin it or block the email list all together.
Don't Waste
Your Ammo
You usually only get one shot at engaging your email list
members in a campaign, so testing your message is essential. Develop two emails
that approach your proposition from completely different angles. The idea is to
use trial and error to hone-in on the most effective strategy.
Where this approach usually fails is when business owners
assume they know how the list members will respond, and so they craft two
messages that are different-yet-similar. Then when they get poor results from
their campaign they pronounce the uselessness of email marketing and return to
their old cost-and-time-intensive approaches.
So be aware that often what you think is the most logical or
obvious approach will not be what the email list responds to, so try to craft
two very distinct emails and let the list decide what works.
Once you've sent the two versions off to a small sample of
your email list and have identified the best response, then you can further
test your message. Modify the headline, the image, the offer - but only one
thing at a time. Send out these variations and see which gets the best
response. Once you have the winner, send it to the balance of the email list.
What
Results To Expect From Email List
Marketing
When considering email list marketing, most business owners
first want to know what the average response rate is for email marketing in
general and for their industry specifically. Unfortunately, when you're dealing
with the vagaries of large groups of people, there's no typical situation.
Some knowns are that a big brand-name is usually going to
achieve a better open rate than an unknown brand. Also, as with most products
and marketing initiatives, timing, price and value are major factors. So in the
absence of a magic bullet, the best way to approach email marketing is to work
out what percentage you need to break even, and what percentage you need to
consider the campaign a success. If the success figure is below 5% (preferably
closer to 1%) then you're in with a chance.
Buying An
Email List
If you've yet to establish an email list of your own then
you can buy or hire one. Here's how it works:
Firstly, there's usually a set-up fee. Then the charges are
per 1,000 records, with some email list brokers demanding a minimum spend
amount. Prices range depending on whether you're renting the list or want
ownership of the records. Renting the list can start from $20 or $40 per
thousand and outright ownership can be as much at $1.00 per record.
Ultimately, deciding which email list marketing solution to
go with will come down to either access (can you generate your own list) or
price versus list quality. If you're unsure which email list methods best suit
your needs, budget and business then consult a professional to help you fully
reap the benefits of email marketing.
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