Cash in on the Hidden ROI in Your Email Program
The other day, I was reading an article from Internet Retailer about email marketing. Much of the article substantiated what I believe many of us already know: email is a tremendously valuable marketing channel.
In fact, the stats presented underscored just that, with 66 percent of marketers saying email generates a “good” or “excellent” marketing ROI.
And it’s great that so many marketers recognize the importance of email. But the article led me to ask a question: Do brands really understand the value of email for growing other parts of the digital business?
My hunch is they don’t. So let’s take a look at a few key ways you can get even more ROI and intelligence from your own email marketing program.
Tear Down Silos and Take Email to the Next Level
Email is incredibly unique in that it’s often one of the only contact channels that has insight into an audience. In essence, email is at the center of your segmentation strategy, allowing you to deliver unique products and content based on a certain level of “recorded” history.
Even at its most basic level, that can be impactful. Let’s say you’re just segmenting based on active vs. inactive customers (those who’ve purchased in the last six months and those who haven’t). Based on that alone, you’re likely delivering dramatically different email messaging to those segments. And that’s the foundation of personalization. It’s the first step toward developing targeted experiences for customers based on what you know about them.
But it begs a question: Is your email team working in a silo? Does your email team share the impact of their segmentation and overall program internally, across departments? Does your email team explore ways to become more sophisticated? Your email team could, and likely should, develop an internal partnership program that expands their knowledge and impact. Partnering with merchants who know the product best, for instance, could lead to more effective and accurate email copy.
Use Email As the Testing Ground for Your Personalization Strategy
The beauty of email is that it gives organizations the ability to access and act on customer data points. That means brands must expand the power of their email programs, and not just through automated messaging.