Email may not be one of your first thoughts with your marketing program, but according to Litmus, email generates an ROI of $36 for every $1 spent. Applying some additional email strategies can increase ROI further. Read on to see how you can make your email program work smarter.
If you already have an existing program, then you probably have templates, lists, benchmarks and key performance indicators (KPIs) to review. If not, you’ll still want to follow the same process. You’ll need to gather as much data and information as you can — outline your goals and compile as many previous emails and contacts as you can. But the very first thing to do is determine why you should send an email.
What do you want your email campaign to accomplish? Some examples of email marketing strategies/goals could include list building, lead gen, lead nurturing or awareness. When considering your approach, think about things like: Why are you sending email? What do you want the subscriber/contact to do? Who should receive the email messages? How many emails are needed?
Also consider personalization. The old days of “batch and blast” are gone. Email service providers (ESPs), spam filters and regulations like CAN-SPAM and GDPR are placing more value on deliverability and security. You want to make sure you are creating relevant content and emails that create engagement between your company and your contacts. To be successful, you should develop a strategy for how to create an ongoing conversation between your company, prospects, customers and employees. Integrate your email with social media, public relations and paid media outlets. Determine a goal for each campaign with realistic KPIs.
How should you measure your email campaign performance? Review past campaign metrics to determine your baseline and set KPIs. Below are some metrics you should review and define:
Once you’ve gathered as much information on past email performance as you can, you can use that data to set a benchmark for your next email deployment.
The KPIs should be reviewed a week or two after the email deployment to determine if there is anything that stands out or isn’t working. That gives some time to make edits and updates before the next deployment.
Now that you’ve determined a clear strategy and goal and defined your KPIs, it’s time to develop your campaign emails. Whether you have a working template or you are creating a new template, you’ll want to use whatever information you gleaned from reviewing your contacts and data. You’ll want to keep the following best practices in mind:
The work doesn’t end after you’ve developed and deployed your email. Make sure to review your analytics and KPIs to determine if something isn’t working; maybe you need to use a more urgent/compelling subject line if your open rate is low, or a more urgent CTA if your CTR/CTOR is low, or even send a follow-up email to contacts who haven’t opened the first email. Most engagement will happen within the first 24 hours.
Implement a list cleaning strategy with a reengagement campaign and review your contact lists regularly to make sure your audience is engaged. It can be harmful to your deliverability score if you carry a lot of email bounces or unengaged contacts.
There is quite a bit of information here to get you started, but if you have questions or want help, reach out to us here at Godfrey!