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As businesses strive for better engagement with customers and prospects, email marketing remains one of the most popular and effective methods to connect with them. In fact, experts valued the global email marketing industry to reach USD$17.9 billion by 2027, with a whooping annual growth rate of 13.3% during the forecasted period. This statistic shows the growing demand for email marketing and its potential to take your business to new heights.
This article will guide you through the components of email marketing and discuss how to craft a high-performing campaign.
Understanding email marketing
Did you know that the first marketing email was sent in 1978? Since then, email marketing has evolved significantly and become integral to a successful marketing strategy. With 319.6 billion emails sent and received daily in 2021 and is anticipated to increase to 376.4 billion by 2025, it's easy to see why email marketing is a powerful tool: the vast opportunity to reach prospects, nurture leads, and convert them into paying patrons.
You're probably thinking, 'what is a marketing campaign, how does it work, and what makes it one of the most sought-after marketing platforms?' Simply put, it's direct digital communication between businesses and their target audience. It typically consists of newsletters, updates, announcements, and promotions. Email marketing allows companies to engage in personalised conversations and build customer relationships while driving sales.
Of course, you can't just compile a list of emails, blast them with messages, and expect to see results. This technique could be more practical but has a higher chance of being labelled spam. Instead, rely on thoughtful, organised structure and comprehensive tactics to achieve the desired outcomes.
What makes a successful email marketing campaign?
According to a 2022 report, email marketing return on investment can go up to USD$36 for every dollar spent. However, your email campaign's success depends on many factors, which include the target audience, quality content, and more. As a marketer, you must identify the best methods for your business and its goals.
To create a high-performing email campaign, here are definitive steps to follow:
1. Know your target audience
Every email marketing campaign relies heavily on understanding your target audience. The more you know about who you're trying to reach, the easier it is to craft emails with messages that click. All you need is to study data such as:
Collecting the correct data about your target audience is the foundation of successful email campaigns. It'll give you proper direction and help you optimise your emails for better outcomes.
2. Segment your list
You'll inevitably build up a massive email list of subscribers. While sending the same marketing messages to all of them is tempting, this strategy may not be effective. This is where segmentation can help.
Segmenting your email list into smaller, specific groups allows you to tailor your messages and content to their interests and preferences. For instance, you can segment your list into web developers, graphic designers, and marketers if you're running a digital business. You can then share content or send emails tailored to each group's needs. This approach boosts your brand engagement and elevates your email campaigns to a new level.
3. Choose the appropriate email type
Like any other marketing strategy, email marketing also has several types. Each has its purpose and relevance to achieving a specific business objective. Here are some of the most popular ones:
You can use these popular email types for your email marketing strategy. Understanding how it works creates more customised emails for better performance. Find the right balance between providing value to customers and pushing them to take action. There's nothing better than a well-executed plan that can boost engagement and ROI.
4. Build an eye-catching subject line
A good subject line can make or break your email campaign. It's the first thing people see in their inboxes, so it should grab their attention and entice them to open it. Here are some tips for writing a compelling subject line:
A persuasive and creative subject line can significantly impact your email campaigns. It's best to test different variations of your subject lines and tweak them as needed for better results.
5. Craft an engaging content
Your content will determine if customers stay on your email or not. It should provide value to readers, such as industry insights or helpful tips about a specific topic. Include a clear call-to-action (CTA) to guide customers on what action they should take. Look at some tips for crafting content that can get them to stay and convert:
Engaging content can keep customers interested in your emails and boost engagement. Try to make it more unique and tailored to each customer for better connections and higher conversion rates.
6. Determine the right email frequency
According to research, sending too many emails is the number one factor for customers unsubscribing from emails. Bombarding your target audience with too many emails can be overwhelming and could diminish your content quality.
Think about how often you should send emails and set up a regular schedule for them. It can be weekly, bi-weekly, or monthly - whatever works best for your company and customers. One to two emails per week are the ideal frequency for some companies. You can also look at open and click-through rates metrics to determine if one frequency works better than others.
Conclusion
A high-converting email campaign is the result of careful planning and comprehensive strategies. Use the tips above to create compelling emails that grab customers' attention, get them interested, and take action. Start testing different elements and see which works best for your brand. Let your emails be the vehicle for delivering your messages, products, or services and reaching more potential customers.