i want my $28! rockin' email marketing roi
DESCRIPTION
The Future15 (12 min) presentation emfluence Community Director gave at #SXSWi 2013 on rockin' email marketing return on investment.TRANSCRIPT
#emailROI
#emailROI
Email ROI
Email drove $67.8 billion in sales in 2012.
Email ROI in 2012 was $28.50, the highest of any direct marketing medium. (DMA, 2012)
#emailROI
Email ROI
(Revenues-Expenses)/Expenses = Return On Investment
Got it. Now how do we improve it?
Increase revenue; OR
Decrease expenses
Campaign List Size Expenses Revenues ROI
Free Shipping offer 100,000 $1450 $31,245 $20.55
Free Product w/Purchase 100,000 $1450 $24,996 $16.24
New Customer Bounceback 1,000 $85 $3,513 $40.33
#emailROI
IMPROVE DELIVERABILITY
Deliverability = getting into the inbox.
More inboxes means more revenue.
#emailROI
Deliverability by the Numbers
In the U.S., only 80.8% of valid marketing email ever makes it to the inbox. 9.4% never shows up anywhere (never delivered and not reported).
#emailROI
Reported open rate: 20% | Actual open rate: 25%
Potential boost in response/revenue: 25%+!
Deliverability by the Numbers
0
20,000
40,000
60,000
80,000
100,000
Sent Delivered
#emailROI
Deliverability = Your Email Provider + YOU
What your Email Service Provider should do for you:
Good email template code
Throttled sending
Automated unsubscribe & complaint handling
Built-in CAN-SPAM compliance
Optional:
Pay for “Certified” Sender Status
#emailROI
What YOU can do to improve deliverability:
Improve Deliverability
Create Good Content
Maintain a Good, Clean List
&
#emailROI
Improve Deliverability: Good Content
Include a “white list” request
Balanced text:image ratio
Avoid overusing spammy words
Send Relevant & engaging content!
#emailROI
Improve Deliverability: Segment
#emailROI
Improve Deliverability: Test Content
Test, Measure, Learn & Improve
The more readers engage with you, the better your “rep.”
Subject line Offer/Discount % Call to Action Layout Graphics Frequency of emails Time of day/day of week
Balance of images/text Number of links in an email Length of emails Landing Pages vs. full site Article topics & order Mobile responsive design
#emailROI
Maintain a good email list:
Opt-in (aka permission-based) house list only
Set expectations for frequency and value to the subscriber at sign up, and then meet those expectations
Clear out those that bounce back often and never open
Improve Deliverability: Clean List
#emailROI
REENGAGE OR TRIM INACTIVES
Reengaging subscribers that haven’t opened, clicked or purchased.
#emailROI
Reengaging Lost Subscribers
Reaching out to those who once opted in but are now either held (bounced) or simply inactive.
Marketing Sherpa reports that as much as 33% of your email list can turnover each year.
Without reengaging these addresses, you’re left with 16.8% of your original list after 5 years.
#emailROI
Email Reengagement Campaign
Reengagement/Re-Permission
An email (or series) with a strong offer to entice those who haven’t opened, clicked or converted to engage… or to unsubscribe.
#emailROI
Other Reengagement Outreach
In-store & point-of-purchase
Telemarketing follow ups
Direct mail
Online ads/social media outreach
Be sure to ask for an updated email address so we can reconnect and resell!
#emailROI
Trim Inactives
Keep those that reengage! Those that don’t, gotta go.
Opened
Didn't open
Opened
Didn't open
NEVER open
Reengage ~10% and increase revenues. Trim 25% and save the expense of sending to inactives.
80%
20% 20%
45%
35%
Opened
Didn't open
40%
60%
#emailROI
Rockin’ #emailROI
REENGAGE OR TRIM
IMPROVE DELIVERABILITY
Campaign List Size Expenses Revenues ROI
Shipping offer 100,000 $1450 $31,245 $20.55
Free Product w/Purchase 100,000 $1450 $24,996 $16.24
New Customer Bounceback 1,000 $85 $3,513 $40.33
Campaign List Size Expenses Revenues New ROI
Shipping offer 75,000 $1200 $39,056 $31.55
Free Product w/Purchase 75,000 $1200 $31,245 $25.04
New Customer Bounceback 1,000 $85 $4,391 $50.66
#emailROI
Feedback
http://sxsw.tv/d4h
#emailROI