When it comes to getting the return on Marketing Money, you can beat Email Marketing. Here are 7 Reasons to Start Email Marketing!
There are more than 3.2 billion email accounts today. 95% of online consumers use email and, 91% check their email at least once a day (Source: ).
There is simply no competition. More importantly, it is such an integral part in our lives, no human being walks around saying he will quit email.
The concept of reach is completely different between Social Media and Email.
In social media we usually talk about “Potential Reach” to refer to the number of followers. For example in the case of SocialMouths, its potential reach on Facebook is 13k. That’s just the number of Page Likes (Fans) but your content only reaches a small fraction of that.
Granted, email is only opened by a fraction of subscribers, but here’s the difference, the actual message will reach its destination, s/he then has the option to not read it.
Now, lets be fair and say that according to ReturnPath, leader in email intelligence, revealed that in the first half of 2013:
- 18% of all email messages were either blocked or went missing
- 4% were delivered to the spam or junk folder
Even if 22% emails get lost, we’re still running with much higher potential than posting on Facebook where 74% of your messages are potentially missed (that percentage is higher in most cases).
Take in consideration we are talking about averages, your email or Facebook performance might be different.
3) Life Span
In a recent study, Wisemetrics (via SproutSocial), revealed that 75% of Facebook post impressions were achieved in just two hours and 30 minutes and, 75% of the “Reach” happens in only one hour and 50 minutes.
The life span of a Tweet is so short, its popularity can be predicted in the first five minutes, according to research conducted by The Twouija. But you don’t need much to realize how fast Twitter moves.
Email doesn’t die, it needs to be killed. Email sits there inside your subscriber’s inbox waiting to be acknowledged, even if it’s just to delete it, it requires of an action to end its life.
According to the 2013 Email Marketing Benchmark Report, 60% marketers say email marketing is producing ROI and 32% believe it will eventually.
For every $1 spent, $44.25 is the average return on email marketing investment (Exact Target).
For SocialMouths, email marketing accounts for more than 50% of the revenue.
Both Email and Social Media have costs, the difference is that most email providers have a monthly fee or some kind of cost and most social platforms don’t. some of you will even dare to say “Social Media is Free”. Don’t.
Social media has proven over the years that measuring success is still under discussion and, many companies have different ways and systems to do so. The topic of measuring ROI produces hundreds of blog posts every year without coming to a solid conclusion. Here’s a post from Business Insider about how companies are starting to give up trying to track social media ROI.
Even the simple task of tracking traffic from social media is complicated.
Email on the other hand has a set of solid metrics that have been the standard for years: Growth, Open Rate, Click Rate, Complaints, Unsubscribes, and you can take it from there and even track sales and revenue.
A simple formula can tell you what the monetary value of your email subscriber is. Good luck figuring out the value of your Twitter follower.
You don’t usually hear the words “email” and “engagement” in the same sentence.
Ask yourself this question: When was the last time a subscriber replied to one of your emails?
If you are a small business, email needs to become the ultimate engagement vehicle, a true 2-way street. We’re not talking about public engagement like Twitter or Facebook, we’re talking about one-on-one with prospects that have clearly expressed interest by joining your list.
First step to engagement paradise?
- Do not send email campaigns with a “noreply” address
- If replies are too many to handle from your personal account, at least set up a “From” address that’s accessible and checked periodically
The beauty of all this is that email and social media are friends, especially Facebook.
If you’re failing to see these potential connections, you’re probably wasting great opportunities not only for growth but to establish cross platform initiatives.
Contact us now, to see how we can help you boost your sales.