7 Benefits of Email Marketing for ANY Business
Email marketing is a powerful tool that businesses can use to communicate with their customers, promote their products or services, and ultimately drive sales.
With the rise of social media and other digital marketing channels, some may question whether email marketing is still relevant.
However, research shows that email marketing remains an effective way to reach customers and can provide a range of benefits for businesses of all sizes.
One of the most important email marketing statistics states that for every $1 spent on email campaigns, the return on investment is $42.
That’s an ROI of 4200%.
Quite literally no other platform can match the ROI of email marketing, thus email marketing campaigns are still very relevant.
In this article, we’ll explore some of the key benefits of email marketing and how businesses can use this channel to grow their brand and engage with their customers.
What are the benefits of email marketing campaigns?
1. Build Relationships with Customers
One of the primary benefits of email marketing is that it allows businesses to build customer loyalty with their audience, whether they are new customers or existing customers.
By providing targeted messages with valuable content, promotions, and updates via email, businesses can establish themselves as a trusted source of information and stay top of mind with their customers.
This can lead to loyal customers and repeat business, as well as positive word-of-mouth recommendations to friends and family.
In order to build strong customer relationships via email, it’s important to send personalized emails and tailor content to their specific interests and needs for both current and potential customers.
This can be done by segmenting email lists based on demographics, past purchase history, and other factors.
By creating personalized content to engage customers and sending relevant emails to each segment, businesses can provide a completely personalized experience and increase engagement with their target audience.
2. Cost-Effective Marketing Channel
Another of the key benefits of email marketing is that it is an incredibly cost-effective way to reach a large audience, and isn’t heavily impacted by a budget constraints on a business owner.
Unlike traditional advertising methods like TV or print ads, email marketing has a relatively low cost per impression and can be easily scaled up or down depending on business needs.
As mentioned previously the average ROI of email marketing is 4200%, providing more value than any other marketing channels.
Additionally, email marketing can be used to improve sales and revenue without requiring a large advertising budget, making it even more cost effective.
By using targeted offers and promotional emails, businesses can encourage customers to make purchases and generate immediate revenue.
This can be especially effective during peak sales periods like Black Friday or Cyber Monday, where increased sales are all but guaranteed.
If you send targeted messages and promotional emails to your contact lists at times like these, you can guarantee
3. Trackable Metrics
Email marketing provides businesses with a wealth of data and insights that can be used to optimize email campaigns and drive better results.
By tracking metrics like open rates, click-through rate, and conversion rates, businesses can identify areas for improvement and make data-driven decisions about their email marketing strategy.
For example, if a business notices that a certain segment of their email list is consistently not opening emails, they may need to adjust their subject lines or timing to better resonate with that target audience.
By using data to continuously refine email marketing campaigns, businesses can achieve higher engagement and ROI.
4. Automated Emails
Nowadays, automated emails are very easy to set up on many different platforms.
Most email marketing software has some kind of automation as an option, which can help small businesses avoid wasting precious time manually sending email campaigns to their email subscribers.
Automating messages is also a very scalable strategy; all you need to do is set up your email sequence in the right email marketing software and choose your target audience, then you’ve just created a time and cost-effective digital marketing strategy that can apply to current customers and any new opt-in customers as well.
5. Increases Brand Awareness
Email marketing can also be an effective tool for increasing brand awareness and reaching new audiences.
By encouraging subscribers to forward emails to friends and family, businesses can expand their reach and attract new customers.
Additionally, by using social sharing buttons in emails, businesses can encourage subscribers to share content on their own social media channels, further amplifying brand reach.
Another way to increase brand awareness via email marketing is to provide valuable, personalized content that subscribers will want to share with others.
This could include informative blog posts, helpful how-to guides, or entertaining videos. By providing shareable content, businesses can increase their visibility and reach new audiences.
6. Greater Control and Flexibility
Compared to other marketing channels, email marketing provides businesses with greater control and flexibility over their messaging and content.
With social media or search engine marketing, businesses may be subject to changes in algorithms or ad policies that can impact the visibility and effectiveness of their campaigns.
However, with email marketing, businesses have full control over their messaging and can tailor content to their specific audience and goals.
Additionally, email marketing can be used to complement other marketing campaigns and provide a cohesive brand experience across channels.
By using consistent branding and messaging in marketing emails, social media, and other channels, businesses can reinforce their brand identity and create a more cohesive customer experience.
7. Engage with Mobile Customers
Finally, email marketing provides businesses with the ability to engage with customers on mobile devices.
With the widespread use of smartphones and tablets, it’s important for businesses to optimize their email marketing campaigns for mobile devices.
Fortunately, email marketing is a highly mobile-friendly channel that allows businesses to reach customers wherever they are.
By using responsive email design, businesses can ensure that their emails look great on any device, whether it’s a desktop computer or a mobile phone.
Additionally, by including clear calls-to-action and easy-to-navigate content, businesses can encourage mobile users to take action and engage with their brand.
Best Practices for Email Marketing
While email marketing can provide a range of benefits for businesses, it’s important to follow best practices in order to achieve optimal results. Here are some key tips for effective email marketing:
1. Build a Quality Email List
The foundation of any successful email marketing campaign is a high-quality email list. Rather than buying email lists or using questionable tactics to acquire email addresses, businesses should focus on building a list of subscribers who have opted-in to receive communications.
This can be done by providing valuable content or incentives in exchange for email sign-ups, such as a free e-book or discount code. By building a list of engaged subscribers, businesses can increase their open rates and avoid being marked as spam.
2. Personalize and Segment Emails
As mentioned earlier, personalization and segmentation are key to effective email marketing. By using subscriber data to segment email lists and tailor content to each audience, businesses can provide a more relevant and engaging experience.
Personalization can also include using the recipient’s name in the subject line or email body, and including personalized product recommendations based on past purchase history or browsing behavior.
3. Use a Clear Call-to-Action
In order to drive conversions and sales, email marketing messages should include a clear call-to-action (CTA). Whether it’s a “shop now” button or a link to a landing page, the CTA should be prominently displayed and clearly communicate what action the recipient should take.
4. Test and Optimize
To continuously improve email marketing campaigns, businesses should test and optimize their campaigns. This can involve A/B testing subject lines, testing different send times or days of the week, or experimenting with different content formats.
By testing and analyzing results, businesses can make data-driven decisions about their email marketing strategy and achieve better results over time, making their future campaigns much more effective overall.
Best Practices for Email Marketing
While email marketing can provide a range of benefits for businesses, it’s important to follow best practices in order to achieve optimal results. Here are some key tips for effective email marketing:
- Build a Quality Email List
The foundation of any successful email marketing campaign is a high-quality email list. Rather than buying email lists or using questionable tactics to acquire email addresses, businesses should focus on building a list of subscribers who have opted-in to receive communications.
This can be done by providing valuable content or incentives in exchange for email sign-ups, such as a free e-book or discount code. By building a list of engaged subscribers, businesses can increase their open rates and avoid being marked as spam.
- Personalize and Segment Emails
As mentioned earlier, personalization and segmentation are key to effective email marketing. By using subscriber data to segment email lists and tailor content to each audience, businesses can provide a more relevant and engaging experience.
Personalization can also include using the recipient’s name in the subject line or email body, and including personalized product recommendations based on past purchase history or browsing behavior.
- Use a Clear Call-to-Action
In order to drive conversions and sales, email marketing messages should include a clear call-to-action (CTA). Whether it’s a “shop now” button or a link to a landing page, the CTA should be prominently displayed and clearly communicate what action the recipient should take.
- Test and Optimize
To continuously improve email marketing campaigns, businesses should test and optimize their campaigns. This can involve A/B testing subject lines, testing different send times or days of the week, or experimenting with different content formats.
By testing and analyzing results, businesses can make data-driven decisions about their email marketing strategy and achieve better results over time, making their future campaigns much more effective overall.
What is the best email marketing platform?
Unless you intend on using Gmail for your email marketing campaigns (which, unfortunately, can get your account restricted), then your email marketing will have to take place on one of many email marketing platforms.
It’s hard to say which email providers will best suit your needs in a broad manner; luckily, we’ve got an article on how to choose an email marketing platform so you can get your marketing efforts started on the right foot.
In short, the biggest differences between email marketing platforms is their cost; you don’t want to pour your marketing dollars into a platform that doesn’t have the features you want or is bloated with features you don’t want.
Clumsily phrased sentence aside, some of the best email providers I’ve used are Getresponse, MailerLite, and EmailOctopus; the best all-in-one platform, the best for e-commerce, and the best for small business respectively.
I’ve made a Getresponse review, a MailerLite review, and an EmailOctopus review already; if you want to know more in-depth about these platforms, visit those reviews.
Of course, there are many other options, and their ideal use cases can vary from beginner-friendly tools to more specific niches. To summarize, what you should keep in mind when choosing an email marketing platform are the following points:
- Email send volume
- Subscriber volume
- Integrations
- Design & ease of use
- Automation
- Customization
From there you can do just about anything: drive traffic to your website, integrate with your social media accounts, rate/score qualified leads, and much more.
The sky is the limit when it comes to email marketing providers, all you have to do is get your contact list to opt-in and you can set your marketing strategies on autopilot.
Conclusion
Email marketing remains a powerful tool for businesses to reach and engage with their customers.
By providing valuable and relevant content, promotions, and updates via email, businesses can build relationships, increase sales, and improve brand awareness.
With the ability to track metrics, optimize campaigns, and target specific segments of their audience, businesses can achieve higher ROI and drive long-term success.
By following best practices and continuously refining their email marketing strategy, businesses can harness the power of this channel to grow their brand and achieve their marketing goals.