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I Want My $28!
Rockin’ Email Marketing ROI
Jessica Best
Digital Marketing Evangelist, emfluence
@bestofjess or @emfluence
@bestofjess • #CMWorld
Email Marketing Return On Investment (ROI)
@bestofjess • #CMWorld
The Direct Marketing Association reports that for every $1
invested, email marketing, on average, earns $28 in return.
Email Marketing Return On Investment (ROI)
@bestofjess • #CMWorld
To increase ROI, we can:
 increase revenue, or
 decrease expenses
Email Marketing Return On Investment (ROI)
@bestofjess • #CMWorld
Campaign List Size Expenses Revenues ROI
Free Shipping offer 100,000 $1450 $31,245 $20.55
Free Product w/Purchase 100,000 $1450 $24,996 $16.24
New Customer Bounce Back 1,000 $85 $3,513 $40.33
ROI =
3 WAYS TO GUARANTEE BETTER ROI
① Improve Inbox Placement
② Re-engage or Trim Inactives
③ Trying & Testing Ideas that ROCK
@bestofjess • #CMWorld
1 Improve Inbox Placement
@bestofjess • #CMWorld
THE DIRTY LITTLE SECRET OF
EMAIL MARKETING IS THAT
15% OF YOUR EMAIL NEVER
MAKES IT TO THE INBOX
Jessica Best
@bestofjess
@bestofjess • #CMWorld
Source: ReturnPath, 2014
15% of Email Marketing Doesn’t Make the Inbox
@bestofjess • #CMWorld
Australia Brazil Canada
Spain U.K. United States France Germany Italy
Inbox Spam Missing
What if you made it through to the Inbox…?
@bestofjess • #CMWorld
Potential
Openers
18%+
increase in response
Improve Deliverability
@bestofjess • #CMWorld
Sent Opens Open % Clicks Click % Expenses Revenues ROI
Before 100,000 20,000 20% 5,000 5.0% $1450 $35,000 $23.14
After 100,000 23,500 24% 5,800 5.9% $1450 $41,175 $27.40
DELIVERABILITY = TECHNOLOGY + YOU
① What your email platform should do for you
② What YOU can do to improve
@bestofjess • #CMWorld
What your email platform should do for you:
 Throttled sending
 Built-in CAN-SPAM compliant address
 Automated/immediate unsubscribe handling
 Feedback loop subscription & complaint handling
Optional:
Certified Sender Status (paid)
Deliverability = Technology + YOU
@bestofjess • #CMWorld
What YOU can do for you:
 Create good content
 Maintain a clean, permission-based email list
Deliverability = Technology + YOU
@bestofjess • #CMWorld
Deliverability = Create Good Content
@bestofjess • #CMWorld
IMAGES TEXT
(HTML CODE)
 Balance of text:image
(or 500+ characters of text)
 Watch your language
 Go easy on symbols and
using ALL CAPS
 Use clean, email-friendly
HTML code and design
THE EMAIL MARKETING DUCK
TEST: IF IT LOOKS LIKE SPAM
AND QUACKS LIKE SPAM…
YOU’RE PROBABLY SPAM.
Jessica Best
@bestofjess
@bestofjess • #CMWorld
Emails That Look Like Ducks Spam
@bestofjess • #CMWorld
Test Your Content Before You Send
@bestofjess • #CMWorld
Monitor Your Inbox Placement After You Send
@bestofjess • #CMWorld
Deliverability = Clean, Permission-Based Lists
@bestofjess • #CMWorld
2 Re-engage or Trim Inactives
@bestofjess • #CMWorld
Up to 33% of your List
can turnover each year.
(Source: MarketingSherpa)
Re-engagement Campaigns
@bestofjess • #CMWorld
Lost
Year 1
Lost
Year 2
Lost
Year 3
Lost
Year 4
Lost
Year 5
13.5%
remains after
5 years
UP TO 40% OF YOUR EMAIL
LIST HASN’T OPENED,
CLICKED OR PURCHASED
IN OVER A YEAR.
Jessica Best
@bestofjess
@bestofjess • #CMWorld
Keep those that re-engage! Those that don’t… have to go.
Trim Inactives
@bestofjess • #CMWorld
Re-engage 1-2% and increase revenues.
Trim the rest and save the expense of sending to inactives.
40%
NEVER
open
40% Didn’t
open this
time
20%
Opened
20%
Open
rate
Trim Inactives
@bestofjess • #CMWorld
Sent Opens Open % Clicks Click % Expenses Revenues ROI
Pre-Cleanse 100,000 20,000 20% 5,000 5.0% $1450 $35,000 $23.14
Post-Cleanse 60,000 20,000 33% 5,000 8.3% $1200 $35,000 $29.17
Re-engagement Campaigns
@bestofjess • #CMWorld
3-Point Email Re-engagement Campaign
@bestofjess • #CMWorld
Email 1
Email 2
Email 3
1. We Miss You!
Come back and
receive [ VALUE ]
2. Confirm now to
stay subscribed or
miss out on [ VALUE ]
3. Sorry to see you go.
Re-subscribe at any time,
here.
Re-engagement Campaigns
@bestofjess • #CMWorld
Re-engagement Campaigns – Cross Channel
@bestofjess • #CMWorld
 In-store & point-of-purchase
 Telemarketing follow ups
 Direct mail
 Online ads/social media outreach
Be sure to ask for an updated email address so you can
reconnect via your most cost-efficient medium!
3 Trying & Testing Ideas that ROCK
@bestofjess • #CMWorld
Why We Test to Learn What Works
@bestofjess • #CMWorld
Pop Quiz: Which subject line won?
A. Two chances to win
B. Two chances to WIN
C. Start a winning tradition
D. Start a winning tradition!
Why We Test to Learn What Works
@bestofjess • #CMWorld
Pop Quiz: Which subject line won?
A. I Spy a Winner
B. Be a Hallo-winner
C. Trick or $5000 Treat?
Why We Test to Learn What Works
@bestofjess • #CMWorld
Pop Quiz: Which subject line won?
A. Help us solve hunger.
B. Donating 1 million meals.
C. You can help us solve hunger.
Ideas With Rockin’ Email ROI
@bestofjess • #CMWorld
BONUS TIP: Subtle use of
Animated GIF to “celebrate”
“Earned” rewards break through the clutter
Ideas With Rockin’ Email ROI
@bestofjess • #CMWorld
Targeting = demographic + behavioral
Ideas With Rockin’ Email ROI
@bestofjess • #CMWorld
A bank’s onboarding campaign stretches 90 days: the
“honeymoon” period for new customers.
Next
day
2
weeks
6
weeks
10
weeks
12
weeks
Ideas With Rockin’ Email ROI
@bestofjess • #CMWorld
A luxury car company uses auto-magic email and survey
follow up for happier customers (service) & nurtured sales.
Ideas With Rockin’ Email ROI
@bestofjess • #CMWorld
Event Marketing + Pups + Giving Back
Ideas With Rockin’ Email ROI
@bestofjess • #CMWorld
Referral campaigns & WOM
9-13% conversion
Ideas With Rockin’ Email ROI
@bestofjess • #CMWorld
Coffee Roaster racks up ROI with
a new product announcement
and by telling a good story
Over a $20 ROI for this email…
without a coupon!
Ideas With Rockin’ Email ROI
@bestofjess • #CMWorld
Time/day test shows Cyber
Monday’s true colors… Sunday’s
sneak peek drove 19% more
action!
Ideas With Rockin’ Email ROI
@bestofjess • #CMWorld
An eCommerce site uses their best
deal of the year as a re-engagement
campaign for inactives.
 ROI was $27.40
 Re-engaged nearly 4%!
Jessica Best
Digital Marketing Evangelist
emfluence
@bestofjess • #CMWorld
Good Content Drives Action
@bestofjess • #CMWorld
Your content should be:
 Engaging (tested)
 Timely (automated)
 Relevant (segmented)
 Consistent and consistently good
& Individual Inbox Placement
Good Content Drives Action: Automation
@bestofjess • #CMWorld
Segmentation
@bestofjess • #CMWorld

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I Want My $28! Rockin' Email Marketing ROI CMWorld

  • 1. I Want My $28! Rockin’ Email Marketing ROI Jessica Best Digital Marketing Evangelist, emfluence @bestofjess or @emfluence @bestofjess • #CMWorld
  • 2. Email Marketing Return On Investment (ROI) @bestofjess • #CMWorld
  • 3. The Direct Marketing Association reports that for every $1 invested, email marketing, on average, earns $28 in return. Email Marketing Return On Investment (ROI) @bestofjess • #CMWorld
  • 4. To increase ROI, we can:  increase revenue, or  decrease expenses Email Marketing Return On Investment (ROI) @bestofjess • #CMWorld Campaign List Size Expenses Revenues ROI Free Shipping offer 100,000 $1450 $31,245 $20.55 Free Product w/Purchase 100,000 $1450 $24,996 $16.24 New Customer Bounce Back 1,000 $85 $3,513 $40.33 ROI =
  • 5. 3 WAYS TO GUARANTEE BETTER ROI ① Improve Inbox Placement ② Re-engage or Trim Inactives ③ Trying & Testing Ideas that ROCK @bestofjess • #CMWorld
  • 6. 1 Improve Inbox Placement @bestofjess • #CMWorld
  • 7. THE DIRTY LITTLE SECRET OF EMAIL MARKETING IS THAT 15% OF YOUR EMAIL NEVER MAKES IT TO THE INBOX Jessica Best @bestofjess @bestofjess • #CMWorld
  • 8. Source: ReturnPath, 2014 15% of Email Marketing Doesn’t Make the Inbox @bestofjess • #CMWorld Australia Brazil Canada Spain U.K. United States France Germany Italy Inbox Spam Missing
  • 9. What if you made it through to the Inbox…? @bestofjess • #CMWorld Potential Openers 18%+ increase in response
  • 10. Improve Deliverability @bestofjess • #CMWorld Sent Opens Open % Clicks Click % Expenses Revenues ROI Before 100,000 20,000 20% 5,000 5.0% $1450 $35,000 $23.14 After 100,000 23,500 24% 5,800 5.9% $1450 $41,175 $27.40
  • 11. DELIVERABILITY = TECHNOLOGY + YOU ① What your email platform should do for you ② What YOU can do to improve @bestofjess • #CMWorld
  • 12. What your email platform should do for you:  Throttled sending  Built-in CAN-SPAM compliant address  Automated/immediate unsubscribe handling  Feedback loop subscription & complaint handling Optional: Certified Sender Status (paid) Deliverability = Technology + YOU @bestofjess • #CMWorld
  • 13. What YOU can do for you:  Create good content  Maintain a clean, permission-based email list Deliverability = Technology + YOU @bestofjess • #CMWorld
  • 14. Deliverability = Create Good Content @bestofjess • #CMWorld IMAGES TEXT (HTML CODE)  Balance of text:image (or 500+ characters of text)  Watch your language  Go easy on symbols and using ALL CAPS  Use clean, email-friendly HTML code and design
  • 15. THE EMAIL MARKETING DUCK TEST: IF IT LOOKS LIKE SPAM AND QUACKS LIKE SPAM… YOU’RE PROBABLY SPAM. Jessica Best @bestofjess @bestofjess • #CMWorld
  • 16. Emails That Look Like Ducks Spam @bestofjess • #CMWorld
  • 17. Test Your Content Before You Send @bestofjess • #CMWorld
  • 18. Monitor Your Inbox Placement After You Send @bestofjess • #CMWorld
  • 19. Deliverability = Clean, Permission-Based Lists @bestofjess • #CMWorld
  • 20. 2 Re-engage or Trim Inactives @bestofjess • #CMWorld
  • 21. Up to 33% of your List can turnover each year. (Source: MarketingSherpa) Re-engagement Campaigns @bestofjess • #CMWorld Lost Year 1 Lost Year 2 Lost Year 3 Lost Year 4 Lost Year 5 13.5% remains after 5 years
  • 22. UP TO 40% OF YOUR EMAIL LIST HASN’T OPENED, CLICKED OR PURCHASED IN OVER A YEAR. Jessica Best @bestofjess @bestofjess • #CMWorld
  • 23. Keep those that re-engage! Those that don’t… have to go. Trim Inactives @bestofjess • #CMWorld Re-engage 1-2% and increase revenues. Trim the rest and save the expense of sending to inactives. 40% NEVER open 40% Didn’t open this time 20% Opened 20% Open rate
  • 24. Trim Inactives @bestofjess • #CMWorld Sent Opens Open % Clicks Click % Expenses Revenues ROI Pre-Cleanse 100,000 20,000 20% 5,000 5.0% $1450 $35,000 $23.14 Post-Cleanse 60,000 20,000 33% 5,000 8.3% $1200 $35,000 $29.17
  • 26. 3-Point Email Re-engagement Campaign @bestofjess • #CMWorld Email 1 Email 2 Email 3 1. We Miss You! Come back and receive [ VALUE ] 2. Confirm now to stay subscribed or miss out on [ VALUE ] 3. Sorry to see you go. Re-subscribe at any time, here.
  • 28. Re-engagement Campaigns – Cross Channel @bestofjess • #CMWorld  In-store & point-of-purchase  Telemarketing follow ups  Direct mail  Online ads/social media outreach Be sure to ask for an updated email address so you can reconnect via your most cost-efficient medium!
  • 29. 3 Trying & Testing Ideas that ROCK @bestofjess • #CMWorld
  • 30. Why We Test to Learn What Works @bestofjess • #CMWorld Pop Quiz: Which subject line won? A. Two chances to win B. Two chances to WIN C. Start a winning tradition D. Start a winning tradition!
  • 31. Why We Test to Learn What Works @bestofjess • #CMWorld Pop Quiz: Which subject line won? A. I Spy a Winner B. Be a Hallo-winner C. Trick or $5000 Treat?
  • 32. Why We Test to Learn What Works @bestofjess • #CMWorld Pop Quiz: Which subject line won? A. Help us solve hunger. B. Donating 1 million meals. C. You can help us solve hunger.
  • 33. Ideas With Rockin’ Email ROI @bestofjess • #CMWorld BONUS TIP: Subtle use of Animated GIF to “celebrate” “Earned” rewards break through the clutter
  • 34. Ideas With Rockin’ Email ROI @bestofjess • #CMWorld Targeting = demographic + behavioral
  • 35. Ideas With Rockin’ Email ROI @bestofjess • #CMWorld A bank’s onboarding campaign stretches 90 days: the “honeymoon” period for new customers. Next day 2 weeks 6 weeks 10 weeks 12 weeks
  • 36. Ideas With Rockin’ Email ROI @bestofjess • #CMWorld A luxury car company uses auto-magic email and survey follow up for happier customers (service) & nurtured sales.
  • 37. Ideas With Rockin’ Email ROI @bestofjess • #CMWorld Event Marketing + Pups + Giving Back
  • 38. Ideas With Rockin’ Email ROI @bestofjess • #CMWorld Referral campaigns & WOM 9-13% conversion
  • 39. Ideas With Rockin’ Email ROI @bestofjess • #CMWorld Coffee Roaster racks up ROI with a new product announcement and by telling a good story Over a $20 ROI for this email… without a coupon!
  • 40. Ideas With Rockin’ Email ROI @bestofjess • #CMWorld Time/day test shows Cyber Monday’s true colors… Sunday’s sneak peek drove 19% more action!
  • 41. Ideas With Rockin’ Email ROI @bestofjess • #CMWorld An eCommerce site uses their best deal of the year as a re-engagement campaign for inactives.  ROI was $27.40  Re-engaged nearly 4%!
  • 42. Jessica Best Digital Marketing Evangelist emfluence @bestofjess • #CMWorld
  • 43. Good Content Drives Action @bestofjess • #CMWorld Your content should be:  Engaging (tested)  Timely (automated)  Relevant (segmented)  Consistent and consistently good & Individual Inbox Placement
  • 44. Good Content Drives Action: Automation @bestofjess • #CMWorld