“I loved your email!”
“Great email, thanks! ”
– Quotes from our audience. What do yours say?
Higher email conversion rates are “found money”, so why should you accept mediocre results from your email marketing? At a time when email inboxes, while still hugely relevant, are increasingly locked down by users to ward off irrelevant content, the ability to get improved email results is a complex and coveted skillset – part brand journalism, part technology, part consigliere. Our ability to repeatedly outperform marketplace benchmarks for our clients – and our own audience – underscores our expertise at leveraging that skillset.
Crushed It Again This Year; You Can, Too
In reviewing our portfolio of client sales and marketing campaigns related to events, new products, brand building, sales expansion, environmental and business development, we repeatedly find our results to be at or above “best in class” benchmarks as reported by Eloqua, a category-leading CRM software solution provider.
The free, downloadable presentation below offers a simple cheat sheet to help you monetize your email marketing, meet or beat “Best in Class” benchmarks, and turn your organization into a Fan Foundry.
Why your open rate may seem low
Like most email marketers, you are probably haunted by the question: what about the 3/4 of our list members who did not appear to “open” our emails? Bear in mind, the vast majority of people preview email. This doesn’t create a “hit” in the “Opens” bucket, but they still consume the first visible screen of your email.
Your results may vary from ours also based on what you measure. The “Best in Class” numbers pictured in the presentation above represent a combination of all email list activity across many campaigns; naturally, “raving fan” lists far outperform other general interest lists and content. Our Fan lists generally see an open rate north of 60%.
Note, too, that this article isolates email marketing from all other digital marketing we do (mobile, websites, etc.), which we measure separately. For a sampling of some of the CRM, email marketing, Sales and marketing automation solutions we support for our clients, see this site’s right sidebar.
Dollars and Cents, Illustrated
Using the “Email click rate” data in the table on slide #2 above, you might reasonably assume that if you are among those “best in class” companies and attaining a 5% Click rate, and your annual click-through sales are $5M, then just by being our client last year you might instead have enjoyed our benchmark-beating 7.37% click-through (average) results, thereby attaining $7.37M in revenue. Who couldn’t use that additional $2.7M? In fairness, there are many success factors involved and your own results may vary. Here’s how.
This is How We Do It – Year after Year (not a fluke!)
That answer to this headline is multi-faceted, but the key factors we found (see slide #4 above) were:
- Benefits-oriented messaging (more on this below)
- Data / list quality
- Thoroughly leveraging marketing technology
- Compelling content
- Mobile-first formatting – fully half of all email opens are on mobile devices
- Simple, “3-clicks to convert” navigation
- Continuous refinement in all of the above areas
Put simply, you give get. Lead with a relevant offer, and follow up by exceeding expectations. In practice, we found it even more effective to give, give, and – oh yes – give again, without expecting anything in return. As one example, our success in producing the sales, marketing and digital media event series “North by North Shore” illustrates how treating even unknown remote prospects to a “friends and family” plan resulted in a tripling of the audience size and a corresponding lift in attendance. To read more about that case, click here.
We report only aggregated results. While our total activity reflects messaging in the hundreds of thousands, and the Eloqua study covers millions of messaging units, nonetheless we are encouraged by both the consistency of our year-over-year results and our painstaking methodology in capturing, measuring, reporting and verifying those results for our clients so that we can confidently report them here – and, incidentally, win some repeat business.
Learn More about the “How”
Subsequent blog posts (and some previous ones – see Related Articles below) will cover the other “How We Did It” success factors in greater detail. Use the “Keep in Touch” button (above, right) to get those updates. Meanwhile, if you have a question, or would like to have us present our case to your organization, or to explore ways we might help you succeed, feel free to contact us.
- Oracle Acquires Eloqua: Will Content Marketing Be Impacted? (contentmarketinginstitute.com)
- Mobile Email Formatting Tips (FanFoundry)
- The Art of Irresistable Email (Harvard Business Review)
- Mobile Marketing Graphics: Link Buttons (FanFoundry)
- “Content and Event Marketing that Fills the Room” (Fan Foundry)
- “Email Benchmarks by Industry (chart)” (Eloqua)