3 strategies for email marketing success - dm news-silverpop

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Three Strategies for Email Marketing Success in 2010

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Slides from the 2.11.10 DM News Webinar. This webinar presentations shows email program examples and outlines a number of steps that email marketers can take to greatly improve subscriber engagement and ROI. Areas that will be covered include welcome email programs, incorporating personality, making your content more shareworthy, capturing and using customer data, preference centers, reactivation tactics and much more.

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Page 1: 3 Strategies For Email Marketing Success - DM News-Silverpop

Three Strategies for Email Marketing Success in 2010

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Speakers & Agenda

• Loren McDonald

– VP, Industry Relations

– Silverpop

– Moderator

• Melanie Coombs

– Senior Email Marketing Analyst,

– Fabric.com

• Agenda

– Fabric.com Overview

– Setting the Scene

– Leverage the Data

– Engage With Customers /

Subscribers

– Automate and Optimize

– Questions & Answers

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About Fabric.com

• Online fabric and craft retailer

• Founded in 1999

• Headquartered in Marietta, GA

• Acquired in 2008 by a large online

retailer

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Email Has Been “Easy Pickens,” Like…

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…but…it is getting tougher.

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Social Media Explosion

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Mobile / Small-Screen Devices

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Inbox Overload

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Web Browser

PC client

Mobile Client

Multiple Inboxes

Social Network RSS Feed

Web Version

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Tuning Out / Inactives

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So 3 Must Dos in 2010

1. Leverage the Data

2. Engage With Customers/Subscribers

3. Automate and Optimize

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Leverage the Data

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It is all about the data…

• Collect• Observe behavior• Act

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Preference Centers/Opt-in Process

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Why Preference Centers?

•Demographics & interests

•Up to date/changes

Data Capture•“My

Email”

•Better retention

Subscriber Empowerment

•Preferred frequency, lists

•Basis of personalization, segmentation

Increased Relevance

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Society of London Theatre

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Targeted communications based on age

• Under 26 targeted mailings – Age centric subject

line – Sent to recipients

under 26 years– Open rates around

double average open rates

• Mailing for the over 50’s– Targeted discount

offer– Open Rates 75%

above average open rate

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Capture Only Data You’ll Use

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Happy Birthday

• 52% Open Rate

• 13.8% CTR

• 10% higher conversion rate

• Slightly higher AOV

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Leverage Behavioral Data

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Fabric.com Segments List by Purchasing Habits

Customers• Active – Buying, opening and clicking regularly

• Semi-Active – Buying, opening and clicking

occasionally

• Inactive – No longer buying, opening and clickingProspects • Active – Opening and clicking regularly

• Semi-active – Opening and clicking

occasionally

• Inactive – No longer opening or clicking

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Purchase Anniversary

• 30% Open Rate

• 7% Click through rate

• 15% Higher conversion rate than overall average

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Re-engage subscribers before it is too late.

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Engage With Customers/Subscribers

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Manage Expectations

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Subscriber Expectations

• Privacy/Permission

• Brand

• Other communications

• Content

• Frequency

• Format

• Subscription management

• Relevance and personalization

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Welcome Emails

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Within two months of opt-in, the open rate typically

falls 20% to 25%.

Source: MarketingSherpa

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Bring the Flowers

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Welcome Email Ecommerce Case Study

• Text• Single email• IT Generated• No marketing messaging

• HTML• 2-part email series• Marketing generated• Promotions, education

75% increase in conversions

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Create content that is shareworthy

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Social Email is the New Viral

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Share to Social / SWYN in Email

• Increased views, clicks

• Reach new audience

• Obtain new subscribers

• Viral buzz

• Increased ROI

• Most valuable sharers

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“Dough” + Valentine = Shareworthy

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Content that is Engaging & Human

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Unexpected (but good) content

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Incorporating Social Aspects Within Emails

• Comments• User ratings• Top read, top purchases,

etc.

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Email That Educates & Sells

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Like, Awesome Dude!

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• Personal reviews/ comments from staff members

• While not objective, puts real people behind the products and emails

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Re-engage

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25% to 80%+ of your list

is “inactive”

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Don’t Wait, Be Proactive• Preference centers• Surveys, ask for feedback• Behavioral dataData

• Identify inactive subscribers• Determine root causes, patterns• Test frequency, content, personalization

Monitor/ Analyze

• Use the data – segment, personalize• Deploy triggers, act on behavior• Offer alternatives

Increased Relevance

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Dell Reengagement Email

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Re-engagement Series

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Re-engagement Series Results

• Performed abysmally (not unexpected)

– 5.8% Open rate

– 1.8% click through rate

– 1-2 orders per fiscal quarter

• So why bother…

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Verifies email address is no longer of value

and

Improves list quality / deliverability

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New Message Streams

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Value-Added Message Streams

• Notifications• Alerts• Reminders• Aggregators• Confirmations• Updates• Closeouts• …and more

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Wine of the Day - Cadence

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Automate and Optimize

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Why automate?

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Automation to the rescue!

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Use Triggers: Reminders / Cart-Abandonment / etc.

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Web Analytics Data Drives Two Key Programs

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Swatch Order Reminders

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1. Open, CT and Conversion Rates that are MORE THAN DOUBLE broadcast email rates

2. Average Order Value is 53% HIGHER

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Cart Abandonment Emails

52% Open Rate 27% CTR

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1. Click-Through Rates that are 350% higher than broadcast email rates

2. Average Order Value is 10% HIGHER

3. Conversion rates 50% higher than broadcast

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Rewards for Fabric.com’s Efforts

1. 35+% of revenue comes from email

2. Nearly 50% annual growth in email

revenue

3. 140% increase in conversion rate

4. More than 50% increase in visitors

5. 7% increase in avg. order value

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Go for it!

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Contact Information

• Melanie Coombs, Fabric.com

[email protected] – www.fabric.com– Twitter: @fabricmaverick

• Loren McDonald, Silverpop

[email protected]– Twitter:

• @LorenMcDonald• @Silverpop

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Thank you!

On Twitter: @Silverpopwww.slideshare.net/silverpop

www.silverpop.com