3 strategies for email marketing success - dm news-silverpop
DESCRIPTION
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.TRANSCRIPT
Three Strategies for Email Marketing Success in 2010
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
About Fabric.com
• Online fabric and craft retailer
• Founded in 1999
• Headquartered in Marietta, GA
• Acquired in 2008 by a large online
retailer
Email Has Been “Easy Pickens,” Like…
…but…it is getting tougher.
Social Media Explosion
Mobile / Small-Screen Devices
Inbox Overload
Web Browser
PC client
Mobile Client
Multiple Inboxes
Social Network RSS Feed
Web Version
Tuning Out / Inactives
So 3 Must Dos in 2010
1. Leverage the Data
2. Engage With Customers/Subscribers
3. Automate and Optimize
Leverage the Data
It is all about the data…
• Collect• Observe behavior• Act
Preference Centers/Opt-in Process
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
Society of London Theatre
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
Capture Only Data You’ll Use
Happy Birthday
• 52% Open Rate
• 13.8% CTR
• 10% higher conversion rate
• Slightly higher AOV
Leverage Behavioral Data
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
Purchase Anniversary
• 30% Open Rate
• 7% Click through rate
• 15% Higher conversion rate than overall average
Re-engage subscribers before it is too late.
Engage With Customers/Subscribers
Manage Expectations
Subscriber Expectations
• Privacy/Permission
• Brand
• Other communications
• Content
• Frequency
• Format
• Subscription management
• Relevance and personalization
Welcome Emails
Within two months of opt-in, the open rate typically
falls 20% to 25%.
Source: MarketingSherpa
Bring the Flowers
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
Create content that is shareworthy
Social Email is the New Viral
Share to Social / SWYN in Email
• Increased views, clicks
• Reach new audience
• Obtain new subscribers
• Viral buzz
• Increased ROI
• Most valuable sharers
“Dough” + Valentine = Shareworthy
Content that is Engaging & Human
Unexpected (but good) content
Incorporating Social Aspects Within Emails
• Comments• User ratings• Top read, top purchases,
etc.
Email That Educates & Sells
Like, Awesome Dude!
• Personal reviews/ comments from staff members
• While not objective, puts real people behind the products and emails
Re-engage
25% to 80%+ of your list
is “inactive”
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
Dell Reengagement Email
Re-engagement Series
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…
Verifies email address is no longer of value
and
Improves list quality / deliverability
New Message Streams
Value-Added Message Streams
• Notifications• Alerts• Reminders• Aggregators• Confirmations• Updates• Closeouts• …and more
Wine of the Day - Cadence
Automate and Optimize
Why automate?
Automation to the rescue!
Use Triggers: Reminders / Cart-Abandonment / etc.
Web Analytics Data Drives Two Key Programs
Swatch Order Reminders
1. Open, CT and Conversion Rates that are MORE THAN DOUBLE broadcast email rates
2. Average Order Value is 53% HIGHER
Cart Abandonment Emails
52% Open Rate 27% CTR
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
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
Go for it!
Contact Information
• Melanie Coombs, Fabric.com
– [email protected] – www.fabric.com– Twitter: @fabricmaverick
• Loren McDonald, Silverpop
– [email protected]– Twitter:
• @LorenMcDonald• @Silverpop
Thank you!
On Twitter: @Silverpopwww.slideshare.net/silverpop
www.silverpop.com