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Importance of email marketing
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5.5. Email Marketing
Companies that build relationships with their leads over time have the greatest success in turning leads into customers by staying top-of-mind until the lead is ready to buy.
Lead nurturing is the process of developing that relationship with the potential customer by sending targeted, relevant, and valuable messages to them in a timely manner. The end goal is to get those leads to “raise their hand” and self-select into further engaging with the business. Forrester Research found that companies that excel at lead nurturing can generate 50% more sales-ready leads at 33% lower cost-per-lead.
Email marketing have become an important tool for business in all stages and industries. It has enabled companies to cost-effectively
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It is easy and inexpensive to test different aspects of the campaign on a segment of the list.
Email is more editorial than advertising, and it is powerful because it can support and even drive a sales process. Yet, like any medium, it has its challenges. B2C email marketing to cold lists has a terrible response rate. Social media is reducing people's reliance on email. Business people often receive hundreds of emails or more each day, so B2B marketers need to get past spam filters and give people a reason to read, with strong offer, valuable editorial content, appropriate design and a good fulfillment and measurement process.
While the companies can reach a wide audience with email, that does not mean they should. It is effective when they target so they can speak to specific needs. They should think of it as a one-to-one communication-personalized, relevant and
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of subscribers Price for a thousand Cost Per Email Sent
1-10,000 US$ 12 US$ 0.012
10,000-50,000 US$10 US$ 0.01
50,000-250,000 US$8 US$ 0.008
5.5.1 Facts on email marketing
• Email marketing is the king of the marketing kingdom with an average return of and US$43 for every US$1 spent - Direct Marketing Association Statistical Fact Book
• Email marketing technology is used by 82% of B2B and B2C companies. – Ascend2
• There were nearly 11x more B2B organizations using marketing automation in 2014 than in 2011. – SiriusDecisions
• Emails with personalized subject lines are 26% more likely to be opened. – Campaign Monitor
• You are 6x more likely to get a click-through from an email campaign than you are from a tweet. - Campaign Monitor
• Email is 40 times more effective at acquiring new customers than Facebook or Twitter. – McKinsey&Co.
• A message is five times more likely to be seen in email than via Facebook. – Radicati
5.5.2 How to do email marketing?
a. Choose a Web-based provider
b. Start gathering email addresses
c. Choose a template
d. Plan the topics & send schedule
e. Send an email campaign and track the
Among all the communication mediums used in an organization, emails are used widely as an effective form of a business communication. From the company’s CEO to an employee of the business, emails are very easy and inexpensive. “Internal emails can function as an effective communication for sharing basic information, such as new cafeteria prices, paper use guidelines, or security precautions, for example. Sending simple messages to an entire workforce with just the click of a mouse is fast, easy, convenient and can save the company money”. (Lorette,
The ultimate goal of B2C marketing is to convert shoppers into buyers as aggressively and consistently as possible. B2C companies employ more merchandising activities like coupons, displays, store fronts (both real and Internet) and offers to entice the target market to buy. B2C marketing campaigns are concerned with the transaction, are shorter in duration and need to capture the customer’s interest immediately. These campaigns often offer special deals, discounts, or vouchers that can be used both online and in the store. For example, the goal of an email campaign for a B2C company is to get consumers to buy the product immediately. The email will take the consumer to a landing page on the web site that is designed to sell the product and make purchasing very easy by integrating the shopping cart and checkout page into the flow of the transaction. Any more than a couple of clicks and the customer is likely to abandon the shopping cart.
“As the potential customer in a B2B scenario, we are still an individual going through a decision-making process. Although the buying cycle may be different and the decision-making process motivated by different factors, we can still map out and understand how digital branding is having an impact (Rowles,2014).” Although, there is little emotion involved needed to sale the products there must be more emphasis is on the features of the product which, can make this very lengthy to explain all the features. Digital marketing to B2B helps to attract other businesses and make it easier to buy our products. However, since a whole group must decide this could delay the purchase of our products and make it time consuming. To combat this the use of blogs, emails and social media platforms will be implemented. I conclude that digital marketing to B2B is the most effective way to reach customers in the simulation. The strategy is to continually improve ads to reflect the features of the product. This must be done truthfully and prioritizing to the features most desired by the Cost cutter, Innovator, Traveler and Mercedes segment. This will in turn improve market demand in all segments because it would enable the modification of products much more
Being able to provide exactly what your customers are looking for is one of the best ways to gain and retain customers. You will also begin to see that customer satisfaction is climbing, which makes it much easier to cross-sell and up-sell and thus increase your profitability.
Email is a popular way to communicate online. With ever-growing technology online communication is only becoming more popular among people today. The question that remains is what impact does email have on our communication? Email has different impacts depending on if it is for professional or personal use. Email as a form of communication for professional use is positive, while impact for personal use is fairly negative. Overall the impact of email on interpersonal communication has positive and negative effects that can affect each other.
If the person has “opted in” to receive mail it is far more likely that they will read and engage with your email. This again would improve response rates. Sending direct mail also has a very quick response time due to the regularity with which people can check their mail. If Gillette were to use direct mail in their marketing strategy they could be virtually guaranteed to cut costs, improve responsiveness and save valuable company time whilst also gaining a higher level of exposure in their campaigns. Bibliography * www.gillette.com/history/aboutus * www.marketingvox.com/archieves/2003/02/15/gillette/index Rick E. Brunes Gillette wins shavers 1:1 at a time 15thy Feb 2003 * Gillette goes live with mySAP March 14th 2001 Walldorf, Germany * Data warehouse designer July 18th 2003 RFID tags and smart dust Ralph Kimbell * Interview with Gillette’s Chris Desrosiers Feb 04 2002 Venus Razor Article * www.marketingteacher.com/lesson_pricing.htm * www.dssresearch.com/toolkit/resource/papers/SR02.asp
One of the primary initiatives for each B2B Marketer is to generate, nurture, and convert leads. And in order to increase the probability of growth, Marketing Automation Platforms empower Marketers to track visitors, automate campaigns, and synchronize activities across a variety of applications. The DMN3 team of Marketing Strategists successfully implemented an online marketing campaign for a B2B organization and the focus of this article is to review the technologies used to optimize conversions.
To help these businesses, a more appropriate or better marketing plan needs to be designed. Small business internet marketing services can help businesses develop and thrive in a highly competitive market. For the highest quality internet marketing services, hiring an online marketing company to design a customized internet marketing campaign may be advantageous for some businesses (EStartup business blog and contributors, 2010). Identifying the role that marketing plays in a successful business is demonstrated by the use of two examples, the importance of developing a marketing plan, and ethical and legal issues that surround marketing practices (EStartup business blog, 2010). To be a successful business, the owner of the business should use the marketing mix and the results of market research; having identified its key audience a company has to ensure a marketing mix is created that is targeted specifically to those people.
Cookies are used to enable us to present appropriate messages to our customers. For example, to:
Since social media users grow larger and larger, many companies take the opportunities of using social media marketing to reach more customers. Companies use social media marketing in order to achieve marketing communication and branding goals. Social media allows companies to see what prospects are saying about their brands and competitors. It also allows companies to build deeper relationships with existing customers that drives them to purchase again and again. Not only it can help them generate new leads, but it allows them to build deeper relationships with existing clients that drives them to purchase again and again. It has become common for businesses to branch out and experiment with multiple networks with the aim of reaching the maximum amount of costumers.
McDaniel, C., & Gates, R. (2006). Marketing research (7th ed.). Hoboken, NJ: John Wiley & Sons.
We can now connect with each other instantly over the internet. It is quicker and easier to communicate and share with each other now than it has ever been. Massive amounts of people access the internet every day, and a good number of them use social media. This means that the ability to use social media and use it well is crucial for modern businesses. Whether for public relations or advertising, social media is now one of the best ways to reach consumers.
Many advertisers are spending time and money on online technologies. More marketers are advertising on internet and more companies are doing online business as well, so this is increasing the revenue of online media. Newspaper advertisement is declining because internet advertisement is facilitating both the marketers and the consumers. (Evans, David S. 2009)
Social media is the modern version of the paper plus more. In modern society technology runs the world and the same applies to advertising and a company’s success because social media can spread the word fast and get your business recognized by a lot more consumers. Social media is "A unique opportunity for companies to stay on top of mind with current customers and get on the radar of new customers on their preferred platform." (Zeckman) Social media has a positive impact on businesses because Zeckman claimed that due to the rise in social media, more businesses can become closer to their customers and develop the trust and security that they are the right brand for their customers. In addition, Zeckman stated all businesses can use social media to their advantage by social media to get customers more interested and thinking about their product and to get new customers drawn in by ads that if we’re not posted some people would have never heard of the business. In connection it has been shown in research and surveys that social media has a very important effect on modern businesses and Ashely Zeckman continues to support this because in her article she states that "70% of marketers found that social media activities increased traffic to their website while 75% of businesses engaging
Despite this new capability, Gmail has raised concerns from Internet users and privacy groups around the world. Another feature that Google plans to implement in the email service is targeted advertising. Google’s engines will search the content of a person’s email and display advertisements that are relevant to key words pulled from the messages.