What would you do if you found out that 1% of your email list was generating 20% of your revenue? You might target your big spenders in a different way or develop products aimed specifically at them; alternatively, you might look at ways of persuading the other 99% of subscribers to buy more.
Both of these options rely on knowing which customers are your most valuable – but with only the blunt instruments of open and click rates available to you, you simply can’t tell. When we rely on these metrics to measure success we end up with “one size fits all” communications: any serious knowledge of our audience begins and ends with the registration process.
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Beyond the Open Rate: It's Time to Think Reach Frequency and Impact
1. Beyond the Open Rate: It’s Time to Think
Reach Frequency and Impact!
Presented by: Dela Quist @DelaQuist http://uk.linkedin.com/in/delaquist
CEO Alchemy Worx @alchemyworx
14. People’s view of frequency is
subjective
• Trusted brands treated differently
• Brand advocates underestimate frequency
• Sign up to very few 10 or less so inbox is
competition free
• Email from trusted brand much more likely to
be called relevant
• Seasonality
15. Current Thinking Dominated By DM
Techniques - RFM
Relevance
Timing
Triggered messaging
Behavioural targeting
16. In Effect What We Are Trying To Do Is Get
Everyone To Open, Click And Buy Every Time
They Get An Email From Us - By Sending Fewer
And Fewer Messages!
17. Time for a rethink?
Cost to create & send Direct Mail = $ 1 – 5..10..20….?
Cost to create & send email = $ – 0.0005
18. Branding is about influencing
behaviour
Relevance and timing are about
being influenced by behaviour
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19. Target Setting
• Send Volume can be easily
altered by you and has a
very strong influence on the
number of subscribers
opening each message.
• In order to elicit an open
from the subscriber base,
you need to send 6 messages
• In order to generate a single
click, you need to get 4
opens
• These measures can be used
by you to determine the
volume of messages that
need to be sent in order to
meet open and click based
targets.
20. Calculation of Secondary KPIs
Sent
• On average, to generate an additional
£100 in revenue, you will need to:
– Send 335 messages
– 48 opens
– 7 unique clicks
– 10 total clicks
– 1 unique transaction
– 1 purchaser
Sent Sent
45. BRANDING = Reach Frequency Impact
Email should be the Database Size
primary means by which
Order of Importance
someone you already Send Frequency
know, visits your site or
interacts with your brand Subject Lines
online. Data
Segmentation
Offer & Creative
46. Contact details & further reading
WHITE PAPER: SUBJECT LINES LENGTH DOES MATTER
HOW TO CREATE AN EFFECTIVE SUBJECT LINE METHODOLOGY
THE SECRET POWER OF THE UNOPENED EMAIL
THE BEST SUBJECT LINE SEPARATORS
WHAT WORDS SHOULD I AVOID IN MY EMAIL SUBJECT LINE TO ENSURE I GET TO THE INBOX?
EMAIL: DELA@ALCHEMYWORX.COM
LINKEDIN: HTTP://UK.LINKEDIN.COM/IN/DELAQUIST
TWITTER: @DELAQUIST @ALCHEMYWORX
47. More
Email-Worx: Weekly newsletter for email marketers
Subscribe at http://www.alchemyworx.com
Articles and blog posts by Dela Quist
What to do about inactive subscribers
Maximising ROI without overmailing – how to determine the right send
frequency for your email campaigns
Lies, Damn Lies and Statistics relating to Email
The Nudge Effect in Email Marketing
Forget Relevance it’s about value!
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