Email Marketing: Do You Want To Triple Your Return On Investment?

 One of the biggest mistakes most marketers do nowadays, is think email marketing is dead. Many marketers today drop the email marketing scheme to go with social media. Come to think of it, social media look much more sexy than email. But, is a social media post really as effective as an email? Before we answer that question, lets state a well known fact. It is easier to send a friend request on Facebook than to collect an email online. But believe me, email marketing is thrice as worth it as social media marketing. So, what is email marketing?

Email marketing is the targeting of customers through emails. Every emails sent to a potential customers can be considered as email marketing. Email marketing involves sending a promotional email or an ad to a subscriber. Via his email address. A great deal of organisations today use email marketing. Even more bloggers do use email marketing today than ever before. For example, have you ever been browsing on a website, and you see some field where you are asked to submit your name and email to get a free eBook or update? That is the front part of email marketing.

Most bloggers use email marketing because it enhances the customer experience. With a well targeted email list, you can reach established customers and prospective ones too. Any given subscriber will be informed better and more easily via email. The email will have a greater visibility than a Facebook post. The Facebook post will be drowned in a stream of content in the minutes following its posting.

Do You Really Need Email Marketing?

If you want to improve your customers’ or readers’ experience, then you need email marketing. Forget about the glamour and the flashy of social media marketing. We are talking efficiency here. We are talking greater engagement. Greater reach. Greater click through rate and more. As many experienced marketers say, ” the money is in the list”. Some even say “your net worth depends on your network”. In the following lines, I will explain the advantages of email marketing. In these explanations, I will use statistics. The sites which produced those stats will be mentioned at the end of this article. So, let’s get into the advantages of using email marketing.:

Potential Reach:

Did you know that in 2013, there were about 3.2 billion email accounts created in the world? 95% of online consumers use an email address. The most interesting fact is; 91% of those consumers check their email accounts at least once a day. Today, we browse more with our phones than our computers. As a result, we are more easily notified when we receive emails. Our phones place the notifications right in front of our eyes.

Today, it is easier to check to an email than a Facebook or Twitter post. This is because when we post content, so does a million other people. As a result, finding one particular post you liked 3 weeks ago can be the most daunting task.

Actual Reach:

Before I explain this part in more detail, let’s get some interesting numbers. In the first half of 2013, a research conducted using emails as a marketing channel revealed some staggering facts. The one that stands out the most is this; 18% of the emails sent during a campaign never reach their destinations. 4% of the sent emails are sent into the spam folder. That makes 22% of the sent emails that do not actually reach the intended receiver.

On the other hand, 78% of the emails sent during an email campaign actually reach their destination. Think of it this way, If you send 1000 emails, 780 emails will reach their destination. In addition to that, 91% of the receivers check their emails daily. This means, about 709 receivers will actually see your email. This is great efficiency, as less than 30% of the emails sent are lost.

Now, let’s compare these numbers with those of a Facebook campaign carried out in the same way. This revealed that 74% of the Facebook posts are actually lost within the big stream of content. That is a problem. That means, per thousand Facebook posts, 740 are lost in the stream of content. That leaves us with 260 posts seen by our target readers. Another bad thing is, everyone who sees your content will not actually click through. Less than half will actually do. That leaves us with less than 130 people who are actually interested in our offers.

Click Through Rates:

In the previous point, we talked about what percentage of people who see and may like your posts and mails. Now let’s talk about people who actually complete the actions and do what you want them to do. Let’s say clicking on a link. This link may take them to a landing page or a website.

Click through rate is the percentage of people that receive your message and actually click on it. The click through rate of a tweet is 0.5 percent as opposed to 3% for an email. These numbers look small at first. But, this means that people click 6 times more on an email link than on a tweeted link.

Let’s keep on using our example of 1000 emails and 1000 social media posts. A 0.5% click through rate means per thousand, 5 people will actually click on your link. This is for social media. Sometimes the click through rates are higher, but those are particular cases. The numbers we use here are average ones.

A 3% click through rate with emails means 30 clicks per thousand. That is the best click through rate you will obtain on average. The numbers are not astounding, but efficient numbers are not always astounding. The difference is such because, when people give you their email addresses they actually want to hear more form you.

Your Readers Want It This Way:

Most people use social media to communicate with friends first. Seldom are they used to receive business news and reviews. There are specialized websites for that. 77% of the users during a survey online said they prefer to receive promotional messages in their emails. 4% said they prefer these messages on social media. This speaks to the fact that by submitting an email, people are literally giving you a business meeting location.

Emails Are Private:

It is easier for a reader to express his problems in private than in the open. Everybody is not comfortable when it comes to expressing their shortcomings in the open. When a user wishes to express his struggles and he can’t meet with you, what does he do? He writes you an email. This way, he can tell you everything. You can answer specifically to him.

I will soon create a page where I post user requested content. Every weekend.

Email Marketing and newsletters

Conclusion:

You want to use emails if you want to boast your online presence. Also, this is for you if you want to enhance reader experience. Setting up an email marketing campaign is not really expensive. We are talking about 6$ to 20$. Per month. Some services like MailChimp even offer free services for your first 2000 subscribers.

Email marketing is not dead. If anything, it kills that silence between your subscribers and you. In an upcoming post, I will talk about building an email list. Thanks for reading. Talk to you guys soon.

The Top 5 Reasons Why Your Content Marketing Campaign Failed

 I am, from time to time, asked to troubleshoot why someone’s content marketing campaign has not been the success they had hoped for. Almost always, the cause of the problem falls within the scope of one of the following reasons. Here, in reverse order, are my top five reasons why content marketing campaigns fail:

 You are not content marketing:

Content marketing is marketing a business to achieve one or more goals of that business. If the achievement of your business goal is not the reason for producing your content, you are blogging. That important distinction is not always understood.

Many content creators do not understand the part content marketing plays in moving your prospects along your sales funnel. Different types of content are needed for each stage, that is for suspects, prospects, and retaining and selling again to existing customers. If you are not producing content that supports each stage in the sales process, you are not content marketing.

 There is not a market for your product or service:

It never ceases to surprise me how many businesses fail because the founders did not do proper research to establish whether there was a market for their business and or whether their product or service met that need.

You can have a technically excellent product, but it will fail if no one wants to buy it. I once worked for a company that had such a product. Every prospect the sales force presented to said what a great idea it was, but they would not buy it. It was a solution looking for a problem. Then you have the other side of the coin: There is a market, but your product or service does not meet it. There is a problem, but you do not have the solution.

No matter how good your content marketing is, your campaign will fail in its objective of acquiring new customers if:

  • There is no market for your product or service, or
  • If your product does not solve the customer’s problem.                                                                                                                                                                                                 You are publishing in the wrong place:

You must ensure that your content gets to your target audience. You need to know:

  • Who your target audience is. That includes demographic information such as their age, gender, socio-economic group, whether they are likely to be married, and if they have a family;
  • Where they currently go to get information; and
  • How they prefer to consume data.

Let’s consider a couple of examples:

Example 1: You have a business that provides support for WordPress websites globally. Your target audience is likely to be business owners that already have, or intend to have a website on the WordPress platform. They are likely to be in the age group 24 to 54 years old, likely to be married and probably have a family. They are entrepreneurs, not software engineers.

You will find them on Linked In, and they probably also have a personal and business Face Book presence. They are also very likely to use mobile computing devices, which is their device of choice for consuming data.

You need to be publishing your content in the places these people go to for answers to their WordPress problems, such as You Tube, podcasts (think iTunes, Sticher, Podcast Republic, and Zune to name but a few) – you could either have your own show or make guest appearances on other shows, SlideShare, writing articles (think long SlideShare documents, not just article directories), blogs, and forums for WordPress users.

Example 2: You provide an on-line tuition course in mathematics. Your target audience is likely to be school age children and their parents. They will have a personal Face Book presence and will probably also use one or more of the other popular social networking sites such as WhatsApp and Line. They are likely to have a Gmail account and also use You Tube.

The nature of your service lends itself to visual media, which is how this group prefers to consume data. Your target audience will be using sites such as Udemy and You Tube to find content.

The preferences of your target audience will determine where you need to publish your content, and predicate the medium you use to deliver your content. If your target audience prefers to consume visual content, text based content will not appeal to them and they will be much less likely to visit text based content sites.

If your target audience prefers to consume data at a time and in a place that suits them, in other words, they want to consume content on demand, consider audio podcasting. However, you should only do so if your content lends itself to the spoken word.

Should you publish your content on your own website?

The answer depends on how long you have been in business, and what reputation you already enjoy. The Pareto principle or the 80:20 rule will apply in any event. If your business is a start-up or is a young business, 80% of your content should published off your website. As your business becomes established and your reputation has grown, that ratio can be reversed.

Not only do you need to publish your content in the places your audiences goes to for information, you must ensure that it comes to their attention. That means systematically promoting your content on social networking sites such as Face Book, Google+, Linked In and You Tube, as well as on Twitter, Reddit, StumbleUpon and other similar sites. Consider issuing a press release and linking to the piece of content in blog posts and comments, and on forums. If you have an email list, tell your list about the content you have created and ask them to share it with others.

You should expect to spend at least as much time promoting your content as you did in creating it. Not all marketers do this, which is why many content marketing campaigns fail.

 Your campaign is too short:

Although there are people who claim great success from a short campaign, these fortunate few are the exception. For most of us, content marketing is a medium to long-term exercise that performs different roles for the various stages in our sales funnel. Put another way, you need to create content that is suitable for and supports each stage in the buying process.

Let us say, for example, that you have a business selling video cameras and accessories. You will need to create content that explains the different types of camera that are available, their prices, the uses for which they are most suitable, and the amount of knowledge and or experience the user will need to operate the device. This type of content is aimed at the person browsing your online store looking to see what is available.

Next, you can segment your content to cover the different sections of your potential audience, such as those looking for a camera to take videos of the family and holidays, hobbyists, and the high end amateur and professional users. Content that compares the features, benefits, and disbenefits, the pros and cons if you like, of each product in the market segment will help the potential customer make a short list of suitable products. The person browsing your site is now a prospect.

The next set of content will focus on a specific product and the benefits of purchasing it from you. This type of content will help convert the prospect into a customer.

The final set of content will help your customer get the best out of their purchase and will upsell product add-ons and accessories.

If you are not creating content for each stage of the buying process and after sales support, your content marketing campaign is not likely to be as successful as you had hoped.

Poor quality content:

Poor quality content is the main reason why many content marketing campaigns fail. The term “poor quality” covers a multitude of sins.

Earlier in this article I said that your content must be created with the objective of achieving a business goal. That is true, but not only should your content marketing do that, it must solve a problem your target audience has. At the very least it should give them something of use and value. Unfortunately, a great deal of content that is created is little more than a thinly veiled sales pitch.

It should go without saying that your content should be grammatically correct and free from spelling errors. It should also be well written and follow a logical sequence. If you are writing an article, your objective is to retain the reader’s interest long enough for them to get to your resource box. It is there that you should give the reader a good reason to click on the link to your website from where you will do the selling.

Similarly with video. You want to keep the viewer’s attention until they see the call to action, which is usually to click on a link in the description.

Poor quality is a description that can also be applied to content that is too short or too general to be of any help to the person consuming it. Your content should be long enough to impart all the information you need to give in sufficient detail, but short enough to ensure you retain their interest.

There is another definition of poor quality content that is often overlooked by content marketers, that is, if they are even aware of it. If your content fails to engage with your audience, it has not achieved one of your business goals. Most marketers gauge the success of their content by how many views it has received, or how many likes it has, or a combination of both. A piece of content may have have been viewed a great many times, and it might have received a large number of likes, but nobody has engaged with it. They did not comment on it, or share it with their own audience, or tweet about it, or list it on Reddit or StumbleUpon.

For your content marketing to be successful, your audience has to engage with your content.

The Takeaway:

As marketers, I think we can takeaway the following points:

#1. There must be a viable market for your product or service;

#2. Your content must assist you in achieving a business goal;

#3. Your content must be published in the places where your audience is likely to find it, and you must promote your content;

#4. Your content marketing campaign must support all the stages in the sales process as well as providing after sales support, and

#5. You must create good quality content that encourages audience engagement.

Your content marketing campaign is likely to be successful if you apply these five lessons.