actionable analytics to improve email strategy

18
Actionable Analytics to Improve Email Strategy An Email Marketing Case Study Erick L. Barney, VP of Marketing

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Page 1: Actionable Analytics to Improve Email Strategy

Actionable Analytics to ImproveEmail Strategy

An Email Marketing Case Study

Erick L. Barney, VP of Marketing

Page 2: Actionable Analytics to Improve Email Strategy

Company Profile• Founded in 1997

• Motorcycle gear, apparel and accessories

• E-commerce pure play

• Privately held company

• New e-commerce platform 8/17/07

• #223 on Internet Retailer’s Top 500

Page 3: Actionable Analytics to Improve Email Strategy

Strategy for Continued Growth

1. Cost Effective Acquisition• SEO (Organic and Paid)• Affiliate Network• Shopping Engines, etc.• Traditional Marketing

2. Customer Relationship Management• Direct Mail, Box Inserts• Exclusive Promotions• Loyalty Program – Rider Rewards• E-mail – Our leading touch point!

Page 4: Actionable Analytics to Improve Email Strategy

Decision to Outsource

In-House Limitations

• List management tools

• No delivery reports

• No open reports

• No click activity reports

• No conversion reports

Page 5: Actionable Analytics to Improve Email Strategy

ExactTarget / WebTrendsIntegrated Solution

• List clean-up and management

• Established ISP relationships

• Detailed performance analytics

• One-to-one Merchandising

• Testing capabilities

• WebTrends SmartView

Page 6: Actionable Analytics to Improve Email Strategy

Click Activity Overlay

• Great for presentations

• Select from various metrics

o Click through rate

o Percentage of total clicks

o Percentage of unique clicks

Page 7: Actionable Analytics to Improve Email Strategy

KPI Metrics

1. Delivery Rate

2. Open Rate

3. Click Activity

4. Unsubscribes

5. Conversion Rate

6. Revenue

Page 8: Actionable Analytics to Improve Email Strategy

Decisions, Decisions

• Send Frequency

• Optimal Send Day

• Merchandising / Layout

• C.A.N.I.(Constant and never-ending improvement)

Page 9: Actionable Analytics to Improve Email Strategy

Optimization Strategy

• Deliverability

• Open Rates

• Click Rates

• ConversionWebTrends conversion funnel

Page 10: Actionable Analytics to Improve Email Strategy

List SegmentationMethods…

• Purchase Activity

• Survey on Checkout

• Email Click Activity

• 26.6% Open Rate(18.5% non-targeted)

• 8.7% Click Rate(4.4% non-targeted)

Page 11: Actionable Analytics to Improve Email Strategy

Targeted Sends

Send Rules:

1. General=Master-(S+D+C)2. Dirt=D-(DC+SD+CDS)3. Sport=S-(SD+SC+CDS)4. Cruiser=C-(SC+DC+CDS)5. Cruiser/Sport=SC6. Sport/Dirt=SD7. Dirt/Cruiser=DC8. Cruiser/Dirt/Sport=CDS

Page 12: Actionable Analytics to Improve Email Strategy

Other Segmenting

• Click Activity Status • Current (within 6 months)

• 6 months – 1 year• 1 year +• Never

• Time Zone• Payment Type

• BillMeLater• PayPal• eBillMe• Google Checkout

• State / Region• APO• Source

• Customer• Site Opt-In• Contest• Events

Page 13: Actionable Analytics to Improve Email Strategy

One-to-one Merchandising

• Cart Abandons• Products Viewed• Related Items

Page 14: Actionable Analytics to Improve Email Strategy

Super Deal of the Day

•One initial email offering opt-in

•Opt-in ability on SDOD page

•Opt-out clearly visible, not unsubscribe

Page 15: Actionable Analytics to Improve Email Strategy

Social Networking

Page 16: Actionable Analytics to Improve Email Strategy

Real Results!

Page 17: Actionable Analytics to Improve Email Strategy

3 Actionable Take-Aways

1. Segment list by subscriber activity, refine send strategy accordingly.

2. Change it up, keep it fresh and relevant. Use multiple layouts and styles.

3. Test rather than assume. What works in one industry may not apply to your own.

Page 18: Actionable Analytics to Improve Email Strategy

Thank You!

For more information on eTail Baltimore 2010, please visit:

www.etaileast.com