The email marketplace is strong and highly competitive. Email is
probably the most widely used online marketing channel and better
measurement and analytics have helped companies to understand the
value of this channel. In terms of growth, email is going
to become even more popular over the next few years
as it's cheap, effective and ROI can be very high in relation
to initial spend.
We have compiled some of the Strengths, Weaknesses and Tip's
& Pitfalls which we believe affect email marketing today.
Strengths:
The strength of email marketing really lies in retention, as well
as up-sell and cross-sell. This is because it is a one-to-one
communication channel where you can ensure the content is highly
relevant to the reader which makes it more likely to be digested
and ultimately acted upon. It should be a communication requested
by the reader and therefore that reader is immediately more
engaged.
- Cost & ROI - email is one
of the cheapest digital marketing channels available to marketers
and can yield extremely good returns for your business
- Relevance - the ability to target the right
customer, with the right content or offer based on their
demographic profile and purchasing behaviour and at the
RIGHT time is what makes email so highly effective. Just look at
how Amazon does it!
- Speed & reach - email is an extremely
fast channel to utilize if you need to get a message or offer out
the door quickly and before your competition
- Measurement - the ability to track what
happens with your email campaigns, allows marketers and
businesses to easily test and learn from the success or
failure of a campaign
- Integration - email integrates with many other
digital marketing channels, such as web analytics tools which can
be used to drive behavioural campaigns; or SEM [search engine
marketing] campaigns which can be linked to new customer
trigger email campaigns
Weaknesses:
Not following email best practice guidelines is an industry
weakness. Many marketers simply send mass untargeted blasts to
their entire customer base, which can be more detrimental for a
brand than beneficial. When used incorrectly (i.e. not following
opt-in/opt out best practices or sending irrelevant messaging),
email can frustrate and stimulate negative word of mouth from
customers. Be sensible and follow email best practice guidelines to
ensure your customers don't turn on you!
- SPAM - one of the biggest weaknesses and
therefore concern is the continued impact of spam both on user
experience and willingness to participate in email, alongside the
negative reaction of ISPs to spam, that will limit effective
communication to the inbox.
- Data Hygiene - data cleanliness is vital. It's
important to update company email databases with bounce backs;
unknown email addresses; or email suppression lists etc, otherwise
ISP's could potentially send all your emails to SPAM folders or
even worse blacklist your from address
- 3rd Party lists - while some organisations
have become more enlightened, there is still too much emphasis
placed on acquisition (e.g. through the use of third-party lists),
when a focus on retention and customer experience would be more
appropriate. Many email campaigns are suffering from unclear
objectives, ineffective creative and a lack of a clear
call-to-action
Tip's and Pitfalls:
Companies are fighting for attention in readers Inboxes and if
your message is not relevant to the targeted reader then you are
going to lose valuable Inbox 'real estate' as consumers will
unsubscribe from your emails. The email journey is also a long one
and it's important to get each step right:
- Delivery into the Inbox - follow best practice
guidelines and delivery techniques; sign up to ISP white lists; and
ensure DNS and SPF records are set
- Subject lines - which influence open rates and
are often over-looked as unimportant. It is very important to be
constantly A/B testing your subject lines
- Relevant & appealing content - which
influence CTRs [click-through rates] and ensure you're that much
closer to making a conversion
- Landing pages - links up your email campaign
with additional content on your website. You further have the
ability to cross-sell more products and services via your landing
page
- Testing and learning - test EVERYTHING! You
should be testing your subject lines; time of day/week to send
your emails; different offers .etc etc. You can never be doing
too much testing, but try not to test too many things at once as
you won't know what worked