I’ve had a lot of questions recently from small business owners and marketing directors from companies that are not enterprise-level brands. Many of them are related to the reality that email is changing and they don’t want to be left behind. Or more importantly, their customers are changing in the way they interact with the business they buy from. They don’t have the luxury of a big team or even smart, specialized agencies that live and breathe the nuances of email and digital marketing.
I have pulled together some of the most common and important questions that need to be addressed to ensure this vital part of our economy continues to use the right channels to deliver the right messages and keep their business profitable and thriving. Maybe our presidential candidates will even work this into their campaign rhetoric on how to jumpstart our economy?
What is the real current state of email, especially when many peers and colleagues say they are moving to social media?
Email marketing and social media are both dynamic weapons in the digital marketing arsenal. Email and social media are both unique in their benefits and the tandem certainly share the power to engage customers and prospects for most businesses (see my recent column “Why Email Is Like Madonna and Facebook Is Lady Gaga“). Too much of the conversation these days is focused on which one is better and what is social media’s impact on email marketing, but the reality of the situation suggests a different approach.
Email marketing’s return on investment (ROI) in 2011 was $40.56 (according to the Direct Marketing Association), which is far superior than most other marketing platforms. Social media, while generating much buzz and interest in the broader business community, falls short right now in terms of measurement, according to the big business executives. For example, General Motors pulled its advertising budget from Facebook, as it failed to see an impact on sales. Email’s bread and butter is driving revenue in a targeted and measurable fashion.
How do I make them work together with limited resources?
The other part of the conversation is how complementary email marketing and social media are when planned and executed correctly. Email can often drive engagement on social media and social media, while not done nearly enough, can help drive the more profitable email program as well. Chick-fil-A (a client of my company) is a great example of a business that is integrating its email and social media efforts and letting its customers decide the way they want to interact with the brand while offering compelling opportunities to do so across multiple channels.
Too often companies operate all digital marketing efforts (not just email and social) in silos rather than focused on how the customer may view and interact with the brand. That is where things can hurt you and impede your customer’s experience rather than help it.
So the bottom line is that they both are two of the most dynamic and powerful ways to communicate with customers and prospects and can accomplish different things. I think if you ask any digital marketer the question of “You have one bullet left in the gun and need to drive revenue, what digital tool do you use?” you would find overwhelmingly the answer to be “email marketing.” Of course, each company should be using multiple coordinated efforts to offer the best user experience with a specific business goal in mind.
In my next column I will focus on some real methods that can help the small- and medium-sized business to better leverage email when it comes to growing their database, how often they should send emails, and five essential tips that any sized business must be aware of when it comes to this powerful messaging channel.
Toy retailer The Entertainer recently reported some impressive figures, including 120% growth in mobile sales and a tripling of its email revenue. ... read more
Email marketing is far from perfect. It often gets given short shrift when something new and shiny and… well… social comes along, ... read more
We take a look at the ways Majestic Wine is implementing its multichannel retail strategy.
How can your email campaigns get an 88% open rate and a 68% click-through rate? There’s only one way I know: build ... read more