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When Should You Send An Email?
How one of the largest banks in the world discovered when
to send their emails.



                                             Educational Funding
                                             Provided By:

      #webclinic
Join the conversation on Twitter




            #webclinic

                     #webclinic
Today’s speaker



            Dr. Flint McGlaughlin
            Managing Director




                           #webclinic
When is the best time to send
?   your email?




             #webclinic
When to Send an Email: Proposed Answers




                            3:00 AM


     Source: MailerMailer



                             #webclinic
When to Send an Email: Proposed Answers




                        2:00 – 5:00 PM

    Source: MailChimp




                             #webclinic
When to Send an Email: Proposed Answers




                         Weekends


       Source: HubSpot




                           #webclinic
A Case Study




               #webclinic
www.act-on.com
                                                                           Sales: 1 877.530.1555

Act-On's fresh approach to marketing automation gives you full, complex-free functionality. With a
streamlined user interface and first-rate marketing tools at your fingertips you will be able to:


  Manage your online           Get higher-quality            Align sales and             Track and measure
  Marketing                    leads                         marketing                   your results

  All the tools you need, in   Solutions that drive lead     Integrations that work >>   Real-time, actionable
  one place >>                 generation >>                                             reporting >>


                                   www.act-on.com | @ActOnSoftware | #ActOnSW
Experiment: Background

         Experiment ID: TP2087
         Record Location: MarketingExperiments Research Library
         Research Partner: Protected

Research Notes:
   Background: A large financial institution offering a financial service requiring
   an application to consumers

   Goal: To increase the amount of completed applications

   Primary Research Question: Of the send times tested, which time will result
   in the highest rate of completed applications to delivered emails?

   Approach: A/B multifactor sequential test


                                     #webclinic
Experiment: Design

                    14 Total Email Sends During Week of Test

   Monday      Tuesday     Wednesday       Thursday    Friday      Saturday    Sunday


    AM Email    AM Email     AM Email       AM Email    AM Email    AM Email    AM Email
   1           3            5               7          9           11          13

    PM Email    PM Email     PM Email       PM Email    PM Email    PM Email    PM Email
   2           4            6               8          10          12          14



   The test had a total 14 treatment paths - each path had the same Subject
   Line and Email.

   The Treatment values included sending two emails each day of the week
   Monday thru Sunday, at 3am and 3pm.




                                        #webclinic
?   Which Time of Day Will Perform Best?
             3:00 AM or 3:00 PM?




               #webclinic
Experiment: Clickthrough rate by time of day
          13.5% Increase in clickthrough rate
          Sending at 3:00 PM increased clickthrough rate by at least 13.5%


                        Clickthrough              Relative      Statistical Level
    Time of Day
                          Rate (%)               Difference      of Confidence

      3:00 AM              1.076%                    -                  -

      3:00 PM             1.220%                   13.5%                    99%



    Whatinyou email to understand: Recipientsalso significantly out- to
     click an
               need
                     sent at 3:00 PM. Sunday
                                               were 13.5% more likely

      performed every other day of the week.



                                    #webclinic
?   Which Day of the Week Will Perform Best?
     Mon., Tues., Wed., Thurs., Fri., Sat., Sun.




                  #webclinic
Experiment: Clickthrough Rate by Day

                    Clickthrough Rate By Day




       Mon   Tues      Wed   Thurs        Fri   Sat   Sun




                             #webclinic
Experiment: Clickthrough rate by day
            23.2% Increase in clickthrough rate
            Sending on Sunday increased clickthrough rate by 23.2% over Tuesday


      Day (in order of   Clickthrough Rate                           Statistical Level of
                                               Relative Difference
       performance)             (%) *                                   Confidence
 1. Tuesday                    10.47%                   -                      -
 2. Monday                     10.90%                 4.1%                     72%
 3. Thursday                   11.01%                 5.1%                     82%
 4. Friday                     11.59%                10.7%                     99%
 5. Wednesday                  11.64%                11.2%                     99%
 6. Saturday                   11.84%                13.1%                     99%
 7. Sunday                     12.90%                23.2%                     99%


    Whatinyou email to understand: Recipientssent on Tuesday. Sundayto
     click an
               need
                     sent on Sunday than one
                                               were 23.2% more likely

        also significantly out-performed every other day of the week.



                                      #webclinic
Experiment: Interpretation
          Sunday Reader



                                       Possible Reasons for Higher
                                       Clickthrough on Sunday

                                       • Less distractions on Sunday

                                       • Advent of mobile attaches
                                         recipients to email 24/7

                                       • Personal nature of financial
                                         product causes higher
                                         clickthrough outside of work




                          #webclinic
Experiment: Interpretation


          Weekday reader
                                        Possible Reasons for Lower
                                        Clickthrough during Week:

                                        • Higher level of distraction

                                        • Customers are in “work” mode
                                          and less likely to be interested in
                                          financial application




                           #webclinic
What we discovered

     Key Principles

 1.   There is no “one-size-fits-all” time/frequency for an email send.

 2.   However, the universal goal of email timing is to synchronize your email’s
      delivery with the cognitive psychology of the customer’s purchase cycle.

 3.   There are 5 consistent factors from campaign to campaign that will
      impact your customer's purchase cycle:

           1.   Decision cycle
           2.   Utility
           3.   Relevance
           4.   Nature of Product
           5.   Expectations




                                      #webclinic
Today’s Focus




    Today we are going to walk through these 5 factors to
      help you get “in the zone” for understanding the
        optimal send time/frequency of your emails




                          #webclinic
Factor #1: Decision Cycle




                 #webclinic
Factor #1: Decision Cycle

      Key Principles

  1.   The optimal frequency of an email is directly related to the decision
       cycle of the offer (how often a decision is required) – the shorter the
       cycle, the greater the frequency.




                                      #webclinic
Factor #1: Decision Cycle


              Experiment ID: (Protected)
               Location: MarketingExperiments Research Library

  Research Notes:
     Background: Large ecommerce company with strong online presence.

     Goal: To find the optimal send frequency for a segment of their email
     list.

     Primary research question: Which email frequency will generate the
     most revenue without increasing the rate of unsubscription?

     Approach: A/B email frequency test ran over a period of 60 days.


  #webclinic
Factor #1: Decision Cycle

   This group was currently sending emails with a frequency ranging
   from once a week to multiple times a day. But what was the the
   optimal frequency?


                           Optimal Frequency


                                                  Total Revenue
                                                  Unsubscribes




                       Email Sends


  #webclinic
Factor #1: Decision Cycle
                              Test list                Frequency
                  Full List
                                                     Three weeks
                                                      Two weeks
                                                        10 days
                                                         Week
                                                         5 Days
                                                         3 Days
                                                         2 Days

 •     Took a segment of their large subscriber base (more than one billion emails a year)

 •     Segmented that group into seven different email frequencies mentioned above
       hoping to find the frequency “sweet-spot”



     #webclinic
Factor #1: Decision Cycle

  What do you think will be the optimal monthly frequency
  for this company?

       1.      1-2 per month
       2.      3-4 per month
       3.      6-9 per month
       4.      10-15 per month




  #webclinic
Factor #1: Decision Cycle

                                                    Estimated Monthly Revenue vs. Email Send Frequency
                                      100,000
                                       90,000
                                       80,000
           Estimated Revenue ($/mo)




                                       70,000
                                       60,000
                                       50,000
                                       40,000
                                       30,000
                                       20,000
                                       10,000
                                           0
                                                2        4          6             8         10    12     14
                                                                Send Frequency (sends/mo)



•    Projected monthly revenue rose consistently with increasing send
     frequency and the amount of sends did not have a significant impact on
     the overall rate of transaction.


    #webclinic
Factor #1: Decision Cycle

                                                    Average No. Unsubs Per Month at Each Send Frequency
                                        3,500
            Ave No. Unsubs. per Month



                                        3,000

                                        2,500

                                        2,000

                                        1,500

                                        1,000

                                         500

                                           0
                                                2      4          6            8            10       12   14
                                                                       Send Frequency (sends/mo)




 •      Though projected unsubscribes rise with more sends…


     #webclinic
Factor #1: Decision Cycle

                            •   …the unsubscribe rate
                                on a per-message basis
                                does not rise
                                significantly.
                            •   This does not suggest a
                                greater level of
                                irritation, but rather
                                simply more
                                unsubscribe
                                opportunities offered at
                                higher frequencies.




  #webclinic
Factor #1: Decision Cycle

                            •   Open-rate also does not
                                appear to be significantly
                                influenced by send frequency
                                within the range of
                                frequencies tested.

                            •   There is no significant
                                correlation evident between
                                send frequency and open rate.




  #webclinic
Factor #1: Decision Cycle

                                    3x Increase in Projected Monthly Revenue
                                        Increasing email frequency yields three times the projected revenue


                                  Estimated Monthly Revenue vs. Email Send
                                                Frequency
   Estimated Revenue ($/mo)




                              100,000
                               80,000
                               60,000
                               40,000
                               20,000
                                   0
                                        2     4        6       8       10     12   14

                                                  Send Frequency (sends/mo)



                        Whatayou need to understand: Whenthree times the amount of of
                         once week this company is missing
                                                           sending email at the rate

                                  revenue it could be making if sending once every other day without
                                  negatively affecting unsubscribes or opens.


  #webclinic
Factor #2: Utility




                     #webclinic
Factor #2: Utility



 Promotional                                                             Useful




         •     Direct Offers                      •   Newsletters
         •     Deals/Sales                        •   Articles
         •     Product Launches                   •   Content Digest
         •     Coupons                            •   Announcements
         •     Requests for action                •   Customer Service




                                     #webclinic
Factor #2: Utility



 Promotional                                                             Useful




     • When the nature of product becomes more complex, is a bigger
       purchase commitment, and has a longer sales cycle, it will necessitate a
       focus on high utility emails. Essentially this is lead nurturing.




                                   #webclinic
Factor #2: Utility



 Promotional                                                            Useful




     • When the nature of product becomes less complex, an easy purchase
       decision, and is purchased often, it will permit a more promotional email
       strategy.




                                   #webclinic
Factor #3: Relevance




                 #webclinic
Factor #3: Relevance

      Key Principles

  1.   The relevance of an email can be based upon 1) the internal
       motivations of the recipient and 2) the external events
       surrounding a recipient. The timing of your email must account
       for both.




                                 #webclinic
Factor #3: Relevance


  Internal Relevance                     External Relevance
   • Personal interests                   • Seasonality
   • Demographics                         • Special discounts
   • Shopping habits                      • Limited-time offers
   • Personality                          • News events
   • Communication styles                 • Competitive initiatives
   • Level of engagement




                            #webclinic
Factor #3: Relevance
       Example – Case Study


5 Key Email Segments:

      Current           Current          Lapsed            Lapsed           Has Never
     Subscriber        Subscriber       Subscriber        Subscriber        Subscribed
      Never Has        Has Given         Never Has        Has Given         Has Given
     Given a Gift        a Gift         Given a Gift        a Gift            a Gift



 •        This company segmented the current email list into five distinct groups (as
          seen above) for a holiday email campaign.

 •        They sent targeted email messages relevant to each group.




                                        #webclinic
Factor #3: Relevance
   Example – Case Study
         Email Sample                              Current
                                                  Subscriber
                                                  Has Given
                                                    a Gift

                                       External Relevance: Uses the holiday
                                       season to motivate recipients – “It’s
                                       already too late to send through snail
                                       mail…”

                                       Internal Relevance: Messaging ties into
                                       previous actions of the recipient –
                                       “You’ve recently given one of your
                                       friends…” as well as appealing to
                                       personality – “You know how great it is
                                       to be a subscriber…”




                          #webclinic
Factor #3: Relevance
   Example – Case Study
                                                   Current
         Email Sample                             Subscriber
                                                  Never Has
                                                 Given a Gift

                                       External Relevance: As before,
                                       this email uses the holiday
                                       season to motivate recipients.

                                       Internal Relevance: Messaging
                                       speaks more to the subscriber
                                       who hasn’t sent a gift to anyone
                                       before – “Did you know you can
                                       give a… a subscription to….”




                          #webclinic
Factor #3: Relevance
    Example – Case Study

          Experiment ID: TP2004
          Record Location: MarketingExperiments Research Library
          Research Partner: [Protected]

 Research Notes:
    Background: A large media company offering a free trial of day trading
    instructional content

    Goal: To increase the amount of free trials

    Primary Research Question: Of the send times tested, which time will result
    in the highest rate of free trial sign ups for the content?

    Approach: A/B single factor sequential test



                                     #webclinic
Factor #3: Relevance
   Example – Case Study

        Product: Equity Screening Database


                                              The main offer for
                                              this campaign was a
                                              free trial giving the
                                              reader access to an
                                              equity screening
                                              database for day
                                              traders.




                                 #webclinic
Factor #3: Relevance
   Example – Case Study




             Email A                          Email B




     Send Time: Monday                  Send Time: Thursday
     (Beginning of Week)                   (End of Week)




                           #webclinic
Factor #3: Relevance
   Example – Case Study

          30% Increase in free trial sign ups
         Sending at the end of the week increased sign up rate by 30%


                      Free Trial Rate           Relative         Statistical Level
    Part of Week
                            (%)                Difference         of Confidence
     Beginning
                          4.34%                    -                     -
     (Monday)
   End (Thursday)         5.65%                  30%                         95%



    What youinvestment opportunities on the weekendsday traders mayare
     research
               need to understand: Due to the fact that
                                                        when markets
      closed, the email sent on Thursday performed 30% better.


                                  #webclinic
Factor #3: Relevance
      Example – Case Study

                        Why did the end of the week timing win?

                Closed Stock Market                External Relevance

                                                   • Our researchers hypothesized that
                                                     this 30% lift in conversion for the
                                                     Thursday email was due to Day
                                                     Traders doing their research on
                                                     the weekends, when markets are
                                                     closed.

                                                   • The research offer of the
                                                     company was relevant to the
 Source: Wall Street Journal                         external closing of the markets.




                                      #webclinic
Factor #3: Relevance

      Key Principles

  1.   The relevance of an email can be based upon 1) the internal
       motivations of the recipient and 2) the external events
       surrounding a recipient. The timing of your email must account
       for both.

  2.   Relevance is intensified by the importance and urgency of the
       solution.




                                 #webclinic
Question #1: Email Timing and Relevance
                            Urgent



                 Urgent               Urgent,
                  and                   not
               Important             Important

   Important                                     Not Important

                                       Not
               Important
                                    Important,
               not Urgent
                                    not Urgent


                        Not Urgent


                       #webclinic
Factor #4: Nature of Product




                 #webclinic
Factor #4: Nature of the Product

     Key Principles
 Email timing is affected by inherit emotional response produced by the
 a product will affect the optimal time for sending emails:


     1.   Emotionally Negative (Aging, Health, Mortality)
          – Optimal frequency will be lower

     2.   Emotionally Positive (Hobbies, Leisure, Self-improvement)
          – Optimal frequency will be higher.




                                  #webclinic
Factor #5: Expectation




                 #webclinic
Question #2: Email Timing and Expectations

    Key Principles

 The expectation of email timing is set by two elements:

     1.   The implied promise of industry standards




                                #webclinic
Question #2: Email Timing and Expectations
   Example – Industry Standards


               Groupon                                    APMEX




   Expectations related to                     Expectations related to Precious
   Coupon Industry:                            Metals Exchange Industry:

   • Emails once a day                         • Timing of an email message can be
   • Usually in the morning                      completely tied to unpredictable
                                                 activity of the market.

                                  #webclinic
Question #2: Email Timing and Expectations

    Key Principles

 The expectation of email timing is set by two elements:

     1.   The implied promise of industry standards

     2.   The implied promise of the email capture form messaging




                                #webclinic
Question #2: Email Timing and Expectations
    Example – Karma Loop Case Study





          MarketingSherpa Case Study
          Record Location: MarketingSherpa Research Library
          Company: Karma Loop

Research Notes:
   Background: An e-retailer catering primarily to teen shoppers, their house email
   list topped 300,000 addresses, yet they felt they were not maximizing the list’s
   potential.

   Goal: To increase email revenue by increasing the relevance of their emails.

   Secondary research question: Can we increase email revenue by increasing the
   relevance of emails?

   Approach: Sequential multi-factoral experiment.


                                    #webclinic
Question #2: Email Timing and Expectations
   Example – Karma Loop Case Study

                                              •   The standard email
                                                  capture was located on
                                                  the home page and the
                                                  navigation throughout
                                                  the site.

                                              •   With this prominent
                                                  placement they
                                                  successfully captured
                                                  thousands of email
                                                  addresses.

                                              •   However, response was
                                                  less than optimal
                                                  because expectations
                                                  were not set on front
                                                  end.




                                 #webclinic
Question #2: Email Timing and Expectations
   Example – Karma Loop Case Study            On the product landing
                                              pages, an email alert specific
                                              to the product was added.

                                              This achieved four things:
                                              • Related the email capture
                                                directly to the content on the
                                                current page

                                              • Segmented the list to include
                                                only customers interested in
                                                the specific product

                                              • Delivered only product-
                                                specific emails to this list to
                                                improve CTR and conversion
                                                rate.

                                              • Created the expectation that
                                                they would receive an email
                                                for timing of sales/new
                                                arrivals related to their
                                                selected brands.


                                 #webclinic
Question #2: Email Timing and Expectations
   Example – Karma Loop Case Study


           Email revenue increased 318%
           The new design increased conversions to sale by 53.3%.



                    Revenue
                                                What you need tocapture offer to the
                                                 relating the email
                                                                    understand: By

                                                      specific product and timing
                                                      expectations of potential subscribers,
                                                      this company was able to increase
                                                      revenue by 318% and conversions by
                                                      53.3%.
           Before             After




                                         #webclinic
Evaluating your Email Campaigns




               #webclinic
Quick Audience Poll




       Audience Poll: What Web clinic time works
   ?   best for you?




                      #webclinic
February 19-22, 2013 - Las Vegas

Interactive, How-to Training Sessions on email and       Proven Email Strategies, campaigns and tactics you
social media integration, mobile, list growth tactics,   can immediately apply to get more done with fewer
relevancy, deliverability and measurement.               people, less time and more limited budgets.

Latest 2013 MarketingSherpa Email Research and           Interaction with Colleagues sharing successful
Benchmark Data on spending, tactics, conversion          campaigns and tactics to inspire and hone your
rates, budgets and more.                                 marketing skills.

Interactive Panel Discussions with subject matter    Become a Certified Professional by taking a pre- and
experts on optimizing your email program, increasing post-Summit workshops taught by email experts, who
ROI, creating relevant contagious content, and more. provide a proven methodology with step-by-step
                                                     tactics on how to maximize your email results.
Extended Face-to-Face Networking Opportunities
with seasoned professionals, trainers and peers over
meals, breaks and receptions.

                       See More: MarketingSherpa.com/EmailSummit


                                                #webclinic
Educational funding provided by…




               #webclinic
www.act-on.com
                                                                           Sales: 1 877.530.1555

Act-On's fresh approach to marketing automation gives you full, complex-free functionality. With a
streamlined user interface and first-rate marketing tools at your fingertips you will be able to:


  Manage your online           Get higher-quality            Align sales and             Track and measure
  Marketing                    leads                         marketing                   your results

  All the tools you need, in   Solutions that drive lead     Integrations that work >>   Real-time, actionable
  one place >>                 generation >>                                             reporting >>


                                   www.act-on.com | @ActOnSoftware | #ActOnSW
Live Optimization

                                                  Carpingo
   Primary objective(s): Drive
   clicks to contest promotion and
   reservations
   Value proposition of
   email: Carpingo cares
   about their community
   and is value-driven

   Target audience: Members of
   our car sharing service


   Page URL: http://bit.ly/V3urlK




                                     #webclinic
Live Optimization

                                                 CR England
   Primary objective(s): Get
   people to apply for a job as a
   truck driver

   Value proposition of
   email: Find a job with a
   national and credible
   company.

   Target audience: Truck drivers

   Page URL: http://bit.ly/TZx1dI




                                    #webclinic
Live Optimization
                                                 Payscale.com


   Primary objective(s): To get
   users to fill out our survey

   Value proposition of
   email: Find out how
   much you should be
   earning

   Target audience:
   Career-minded professionals


   Page URL: http://bit.ly/UqgFcP




                                    #webclinic
Live Optimization
                                                  Goodwill Easter Seals

   Primary objective(s): Education
   and engagement

   Value proposition of
   email: With your
   support, people with
   disabilities can find jobs

   Target audience: Donors,
   advocates, volunteers and
   hiring partners

   Page URL: http://bit.ly/Y8qErY




                                     #webclinic
Live Optimization
                                                 Puzzle Warehouse

   Primary objective(s): Sales


   Value proposition of
   email: Save money on
   puzzles and games


   Target audience: Parents,
   puzzle lovers and previous
   customers

   Page URL: http://bit.ly/TZs98c




                                    #webclinic
MarketingExperiments Optimization Newsletter
Free subscription to more than $20 million in marketing research
 Join 89,000 of the top marketers from around the world as we work together to discover what really works.




                    MarketingExperiments.com/subscribe


                                          #webclinic

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Based on the information provided, the optimal email frequency for this ecommerce company likely depends on the decision cycle for their offers or products. Some key points:- Products that are purchased frequently (like consumable items) may have a short decision cycle and benefit from more frequent emails (every 2-3 days).- Larger or less frequently purchased items (like electronics or home goods) likely have a longer decision cycle, so less frequent emails (every 5-10 days) may be best. - Testing various frequencies can help determine what maintains revenue without increasing unsubscribes, finding the right balance for each product category or customer segment.- Factors like product cost, uniqueness, and customer purchase patterns also

  • 1. When Should You Send An Email? How one of the largest banks in the world discovered when to send their emails. Educational Funding Provided By: #webclinic
  • 2. Join the conversation on Twitter #webclinic #webclinic
  • 3. Today’s speaker Dr. Flint McGlaughlin Managing Director #webclinic
  • 4. When is the best time to send ? your email? #webclinic
  • 5. When to Send an Email: Proposed Answers 3:00 AM Source: MailerMailer #webclinic
  • 6. When to Send an Email: Proposed Answers 2:00 – 5:00 PM Source: MailChimp #webclinic
  • 7. When to Send an Email: Proposed Answers Weekends Source: HubSpot #webclinic
  • 8. A Case Study #webclinic
  • 9. www.act-on.com Sales: 1 877.530.1555 Act-On's fresh approach to marketing automation gives you full, complex-free functionality. With a streamlined user interface and first-rate marketing tools at your fingertips you will be able to: Manage your online Get higher-quality Align sales and Track and measure Marketing leads marketing your results All the tools you need, in Solutions that drive lead Integrations that work >> Real-time, actionable one place >> generation >> reporting >> www.act-on.com | @ActOnSoftware | #ActOnSW
  • 10. Experiment: Background Experiment ID: TP2087 Record Location: MarketingExperiments Research Library Research Partner: Protected Research Notes: Background: A large financial institution offering a financial service requiring an application to consumers Goal: To increase the amount of completed applications Primary Research Question: Of the send times tested, which time will result in the highest rate of completed applications to delivered emails? Approach: A/B multifactor sequential test #webclinic
  • 11. Experiment: Design 14 Total Email Sends During Week of Test Monday Tuesday Wednesday Thursday Friday Saturday Sunday AM Email AM Email AM Email AM Email AM Email AM Email AM Email 1 3 5 7 9 11 13 PM Email PM Email PM Email PM Email PM Email PM Email PM Email 2 4 6 8 10 12 14 The test had a total 14 treatment paths - each path had the same Subject Line and Email. The Treatment values included sending two emails each day of the week Monday thru Sunday, at 3am and 3pm. #webclinic
  • 12. ? Which Time of Day Will Perform Best? 3:00 AM or 3:00 PM? #webclinic
  • 13. Experiment: Clickthrough rate by time of day 13.5% Increase in clickthrough rate Sending at 3:00 PM increased clickthrough rate by at least 13.5% Clickthrough Relative Statistical Level Time of Day Rate (%) Difference of Confidence 3:00 AM 1.076% - - 3:00 PM 1.220% 13.5% 99%  Whatinyou email to understand: Recipientsalso significantly out- to click an need sent at 3:00 PM. Sunday were 13.5% more likely performed every other day of the week. #webclinic
  • 14. ? Which Day of the Week Will Perform Best? Mon., Tues., Wed., Thurs., Fri., Sat., Sun. #webclinic
  • 15. Experiment: Clickthrough Rate by Day Clickthrough Rate By Day Mon Tues Wed Thurs Fri Sat Sun #webclinic
  • 16. Experiment: Clickthrough rate by day 23.2% Increase in clickthrough rate Sending on Sunday increased clickthrough rate by 23.2% over Tuesday Day (in order of Clickthrough Rate Statistical Level of Relative Difference performance) (%) * Confidence 1. Tuesday 10.47% - - 2. Monday 10.90% 4.1% 72% 3. Thursday 11.01% 5.1% 82% 4. Friday 11.59% 10.7% 99% 5. Wednesday 11.64% 11.2% 99% 6. Saturday 11.84% 13.1% 99% 7. Sunday 12.90% 23.2% 99%  Whatinyou email to understand: Recipientssent on Tuesday. Sundayto click an need sent on Sunday than one were 23.2% more likely also significantly out-performed every other day of the week. #webclinic
  • 17. Experiment: Interpretation Sunday Reader Possible Reasons for Higher Clickthrough on Sunday • Less distractions on Sunday • Advent of mobile attaches recipients to email 24/7 • Personal nature of financial product causes higher clickthrough outside of work #webclinic
  • 18. Experiment: Interpretation Weekday reader Possible Reasons for Lower Clickthrough during Week: • Higher level of distraction • Customers are in “work” mode and less likely to be interested in financial application #webclinic
  • 19. What we discovered  Key Principles 1. There is no “one-size-fits-all” time/frequency for an email send. 2. However, the universal goal of email timing is to synchronize your email’s delivery with the cognitive psychology of the customer’s purchase cycle. 3. There are 5 consistent factors from campaign to campaign that will impact your customer's purchase cycle: 1. Decision cycle 2. Utility 3. Relevance 4. Nature of Product 5. Expectations #webclinic
  • 20. Today’s Focus Today we are going to walk through these 5 factors to help you get “in the zone” for understanding the optimal send time/frequency of your emails #webclinic
  • 21. Factor #1: Decision Cycle #webclinic
  • 22. Factor #1: Decision Cycle  Key Principles 1. The optimal frequency of an email is directly related to the decision cycle of the offer (how often a decision is required) – the shorter the cycle, the greater the frequency. #webclinic
  • 23. Factor #1: Decision Cycle  Experiment ID: (Protected) Location: MarketingExperiments Research Library Research Notes: Background: Large ecommerce company with strong online presence. Goal: To find the optimal send frequency for a segment of their email list. Primary research question: Which email frequency will generate the most revenue without increasing the rate of unsubscription? Approach: A/B email frequency test ran over a period of 60 days. #webclinic
  • 24. Factor #1: Decision Cycle This group was currently sending emails with a frequency ranging from once a week to multiple times a day. But what was the the optimal frequency? Optimal Frequency Total Revenue Unsubscribes Email Sends #webclinic
  • 25. Factor #1: Decision Cycle Test list Frequency Full List Three weeks Two weeks 10 days Week 5 Days 3 Days 2 Days • Took a segment of their large subscriber base (more than one billion emails a year) • Segmented that group into seven different email frequencies mentioned above hoping to find the frequency “sweet-spot” #webclinic
  • 26. Factor #1: Decision Cycle What do you think will be the optimal monthly frequency for this company? 1. 1-2 per month 2. 3-4 per month 3. 6-9 per month 4. 10-15 per month #webclinic
  • 27. Factor #1: Decision Cycle Estimated Monthly Revenue vs. Email Send Frequency 100,000 90,000 80,000 Estimated Revenue ($/mo) 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 2 4 6 8 10 12 14 Send Frequency (sends/mo) • Projected monthly revenue rose consistently with increasing send frequency and the amount of sends did not have a significant impact on the overall rate of transaction. #webclinic
  • 28. Factor #1: Decision Cycle Average No. Unsubs Per Month at Each Send Frequency 3,500 Ave No. Unsubs. per Month 3,000 2,500 2,000 1,500 1,000 500 0 2 4 6 8 10 12 14 Send Frequency (sends/mo) • Though projected unsubscribes rise with more sends… #webclinic
  • 29. Factor #1: Decision Cycle • …the unsubscribe rate on a per-message basis does not rise significantly. • This does not suggest a greater level of irritation, but rather simply more unsubscribe opportunities offered at higher frequencies. #webclinic
  • 30. Factor #1: Decision Cycle • Open-rate also does not appear to be significantly influenced by send frequency within the range of frequencies tested. • There is no significant correlation evident between send frequency and open rate. #webclinic
  • 31. Factor #1: Decision Cycle 3x Increase in Projected Monthly Revenue Increasing email frequency yields three times the projected revenue Estimated Monthly Revenue vs. Email Send Frequency Estimated Revenue ($/mo) 100,000 80,000 60,000 40,000 20,000 0 2 4 6 8 10 12 14 Send Frequency (sends/mo) Whatayou need to understand: Whenthree times the amount of of once week this company is missing sending email at the rate revenue it could be making if sending once every other day without negatively affecting unsubscribes or opens. #webclinic
  • 32. Factor #2: Utility #webclinic
  • 33. Factor #2: Utility Promotional Useful • Direct Offers • Newsletters • Deals/Sales • Articles • Product Launches • Content Digest • Coupons • Announcements • Requests for action • Customer Service #webclinic
  • 34. Factor #2: Utility Promotional Useful • When the nature of product becomes more complex, is a bigger purchase commitment, and has a longer sales cycle, it will necessitate a focus on high utility emails. Essentially this is lead nurturing. #webclinic
  • 35. Factor #2: Utility Promotional Useful • When the nature of product becomes less complex, an easy purchase decision, and is purchased often, it will permit a more promotional email strategy. #webclinic
  • 36. Factor #3: Relevance #webclinic
  • 37. Factor #3: Relevance  Key Principles 1. The relevance of an email can be based upon 1) the internal motivations of the recipient and 2) the external events surrounding a recipient. The timing of your email must account for both. #webclinic
  • 38. Factor #3: Relevance Internal Relevance External Relevance • Personal interests • Seasonality • Demographics • Special discounts • Shopping habits • Limited-time offers • Personality • News events • Communication styles • Competitive initiatives • Level of engagement #webclinic
  • 39. Factor #3: Relevance Example – Case Study 5 Key Email Segments: Current Current Lapsed Lapsed Has Never Subscriber Subscriber Subscriber Subscriber Subscribed Never Has Has Given Never Has Has Given Has Given Given a Gift a Gift Given a Gift a Gift a Gift • This company segmented the current email list into five distinct groups (as seen above) for a holiday email campaign. • They sent targeted email messages relevant to each group. #webclinic
  • 40. Factor #3: Relevance Example – Case Study Email Sample Current Subscriber Has Given a Gift External Relevance: Uses the holiday season to motivate recipients – “It’s already too late to send through snail mail…” Internal Relevance: Messaging ties into previous actions of the recipient – “You’ve recently given one of your friends…” as well as appealing to personality – “You know how great it is to be a subscriber…” #webclinic
  • 41. Factor #3: Relevance Example – Case Study Current Email Sample Subscriber Never Has Given a Gift External Relevance: As before, this email uses the holiday season to motivate recipients. Internal Relevance: Messaging speaks more to the subscriber who hasn’t sent a gift to anyone before – “Did you know you can give a… a subscription to….” #webclinic
  • 42. Factor #3: Relevance Example – Case Study Experiment ID: TP2004 Record Location: MarketingExperiments Research Library Research Partner: [Protected] Research Notes: Background: A large media company offering a free trial of day trading instructional content Goal: To increase the amount of free trials Primary Research Question: Of the send times tested, which time will result in the highest rate of free trial sign ups for the content? Approach: A/B single factor sequential test #webclinic
  • 43. Factor #3: Relevance Example – Case Study Product: Equity Screening Database The main offer for this campaign was a free trial giving the reader access to an equity screening database for day traders. #webclinic
  • 44. Factor #3: Relevance Example – Case Study Email A Email B Send Time: Monday Send Time: Thursday (Beginning of Week) (End of Week) #webclinic
  • 45. Factor #3: Relevance Example – Case Study 30% Increase in free trial sign ups Sending at the end of the week increased sign up rate by 30% Free Trial Rate Relative Statistical Level Part of Week (%) Difference of Confidence Beginning 4.34% - - (Monday) End (Thursday) 5.65% 30% 95%  What youinvestment opportunities on the weekendsday traders mayare research need to understand: Due to the fact that when markets closed, the email sent on Thursday performed 30% better. #webclinic
  • 46. Factor #3: Relevance Example – Case Study Why did the end of the week timing win? Closed Stock Market External Relevance • Our researchers hypothesized that this 30% lift in conversion for the Thursday email was due to Day Traders doing their research on the weekends, when markets are closed. • The research offer of the company was relevant to the Source: Wall Street Journal external closing of the markets. #webclinic
  • 47. Factor #3: Relevance  Key Principles 1. The relevance of an email can be based upon 1) the internal motivations of the recipient and 2) the external events surrounding a recipient. The timing of your email must account for both. 2. Relevance is intensified by the importance and urgency of the solution. #webclinic
  • 48. Question #1: Email Timing and Relevance Urgent Urgent Urgent, and not Important Important Important Not Important Not Important Important, not Urgent not Urgent Not Urgent #webclinic
  • 49. Factor #4: Nature of Product #webclinic
  • 50. Factor #4: Nature of the Product  Key Principles Email timing is affected by inherit emotional response produced by the a product will affect the optimal time for sending emails: 1. Emotionally Negative (Aging, Health, Mortality) – Optimal frequency will be lower 2. Emotionally Positive (Hobbies, Leisure, Self-improvement) – Optimal frequency will be higher. #webclinic
  • 52. Question #2: Email Timing and Expectations  Key Principles The expectation of email timing is set by two elements: 1. The implied promise of industry standards #webclinic
  • 53. Question #2: Email Timing and Expectations Example – Industry Standards Groupon APMEX Expectations related to Expectations related to Precious Coupon Industry: Metals Exchange Industry: • Emails once a day • Timing of an email message can be • Usually in the morning completely tied to unpredictable activity of the market. #webclinic
  • 54. Question #2: Email Timing and Expectations  Key Principles The expectation of email timing is set by two elements: 1. The implied promise of industry standards 2. The implied promise of the email capture form messaging #webclinic
  • 55. Question #2: Email Timing and Expectations Example – Karma Loop Case Study  MarketingSherpa Case Study Record Location: MarketingSherpa Research Library Company: Karma Loop Research Notes: Background: An e-retailer catering primarily to teen shoppers, their house email list topped 300,000 addresses, yet they felt they were not maximizing the list’s potential. Goal: To increase email revenue by increasing the relevance of their emails. Secondary research question: Can we increase email revenue by increasing the relevance of emails? Approach: Sequential multi-factoral experiment. #webclinic
  • 56. Question #2: Email Timing and Expectations Example – Karma Loop Case Study • The standard email capture was located on the home page and the navigation throughout the site. • With this prominent placement they successfully captured thousands of email addresses. • However, response was less than optimal because expectations were not set on front end. #webclinic
  • 57. Question #2: Email Timing and Expectations Example – Karma Loop Case Study On the product landing pages, an email alert specific to the product was added. This achieved four things: • Related the email capture directly to the content on the current page • Segmented the list to include only customers interested in the specific product • Delivered only product- specific emails to this list to improve CTR and conversion rate. • Created the expectation that they would receive an email for timing of sales/new arrivals related to their selected brands. #webclinic
  • 58. Question #2: Email Timing and Expectations Example – Karma Loop Case Study Email revenue increased 318% The new design increased conversions to sale by 53.3%. Revenue What you need tocapture offer to the relating the email understand: By specific product and timing expectations of potential subscribers, this company was able to increase revenue by 318% and conversions by 53.3%. Before After #webclinic
  • 59. Evaluating your Email Campaigns #webclinic
  • 60. Quick Audience Poll Audience Poll: What Web clinic time works ? best for you? #webclinic
  • 61. February 19-22, 2013 - Las Vegas Interactive, How-to Training Sessions on email and Proven Email Strategies, campaigns and tactics you social media integration, mobile, list growth tactics, can immediately apply to get more done with fewer relevancy, deliverability and measurement. people, less time and more limited budgets. Latest 2013 MarketingSherpa Email Research and Interaction with Colleagues sharing successful Benchmark Data on spending, tactics, conversion campaigns and tactics to inspire and hone your rates, budgets and more. marketing skills. Interactive Panel Discussions with subject matter Become a Certified Professional by taking a pre- and experts on optimizing your email program, increasing post-Summit workshops taught by email experts, who ROI, creating relevant contagious content, and more. provide a proven methodology with step-by-step tactics on how to maximize your email results. Extended Face-to-Face Networking Opportunities with seasoned professionals, trainers and peers over meals, breaks and receptions. See More: MarketingSherpa.com/EmailSummit #webclinic
  • 62. Educational funding provided by… #webclinic
  • 63. www.act-on.com Sales: 1 877.530.1555 Act-On's fresh approach to marketing automation gives you full, complex-free functionality. With a streamlined user interface and first-rate marketing tools at your fingertips you will be able to: Manage your online Get higher-quality Align sales and Track and measure Marketing leads marketing your results All the tools you need, in Solutions that drive lead Integrations that work >> Real-time, actionable one place >> generation >> reporting >> www.act-on.com | @ActOnSoftware | #ActOnSW
  • 64. Live Optimization Carpingo Primary objective(s): Drive clicks to contest promotion and reservations Value proposition of email: Carpingo cares about their community and is value-driven Target audience: Members of our car sharing service Page URL: http://bit.ly/V3urlK #webclinic
  • 65. Live Optimization CR England Primary objective(s): Get people to apply for a job as a truck driver Value proposition of email: Find a job with a national and credible company. Target audience: Truck drivers Page URL: http://bit.ly/TZx1dI #webclinic
  • 66. Live Optimization Payscale.com Primary objective(s): To get users to fill out our survey Value proposition of email: Find out how much you should be earning Target audience: Career-minded professionals Page URL: http://bit.ly/UqgFcP #webclinic
  • 67. Live Optimization Goodwill Easter Seals Primary objective(s): Education and engagement Value proposition of email: With your support, people with disabilities can find jobs Target audience: Donors, advocates, volunteers and hiring partners Page URL: http://bit.ly/Y8qErY #webclinic
  • 68. Live Optimization Puzzle Warehouse Primary objective(s): Sales Value proposition of email: Save money on puzzles and games Target audience: Parents, puzzle lovers and previous customers Page URL: http://bit.ly/TZs98c #webclinic
  • 69. MarketingExperiments Optimization Newsletter Free subscription to more than $20 million in marketing research Join 89,000 of the top marketers from around the world as we work together to discover what really works. MarketingExperiments.com/subscribe #webclinic