Email marketing is a popular strategy across generations, allowing businesses to reach their customers inexpensively and successfully. 91% of customers use email (source: HubSpot survey). About 347.3 billion emails were sent and received daily across the world in 2023.
There will be around 4.6 billion email users globally by 2025. So, if your business is not adopting an email marketing strategy yet, you’ll lose the opportunity to reach these people. In this post, you’ll discover more reasons that will convince you to use email marketing.
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What is Email Marketing and Why Do You Need It?
Email marketing, as depicted in the name, consists of the use of emails for communication with audiences and to reach business goals. It is a self-explanatory concept that is easier to explain and understand.
Your email strategy includes sending emails to users you are cold emailing or those who subscribe to your mailing list. The intent is to boost sales, improve customer engagement, earn customers, and reward customer loyalty.
Using an email marketing tool can help you manage your emails effectively and efficiently. Since there are a lot of email automation tools available in the market, picking the right one could be a hassle.
However, comparing Mailchimp and GetResponse, the two most used email marketing tools can help you understand their features and limitations. You can integrate the right tool for your business email marketing needs.
10 Ways Email Marketing Can Benefit Your Business
1. Audience Engagement
When implemented correctly, email marketing keeps the target audience informed about your promotions and new product launches. People who already signed up to your brand’s email list appreciate staying updated with the latest promos.
More than 50% of all emails are accessed on mobile devices. Emails have a higher possibility of being seen by your audience than social media updates. Impressive emails generate higher conversion rates on mobile devices compared to other mediums.
2. Customers Outreach
Email marketing is a proven method of facilitating better customer outreach. Emails have more possibilities of being seen than any other social media update where they keep scrolling up their news feeds. They can bring more traffic to your blog.
Consumers will not miss out on any announcements if you are using email marketing. You can send thousands of emails with only a few clicks. Users will read emails when it's convenient for them, whether online or offline.
3. Easy and Affordable
As mentioned in the starting, email marketing is inexpensive and is easier to start and maintain. Using email automation tools simplifies the process, facilitating higher automation. You can reach and engage many customers for less than pennies for each message.
Email marketing services offer free and monthly plans for business growth with specified subscribers. Moreover, there are tools to measure your email marketing campaigns. You can track bounce rates, open rates, delivery rates, click-through rates, and unsubscribe rates.
4. Brand Awareness
Possessing the email addresses of existing and prospective customers means they are interested in your business. By leveraging email marketing, you can create and boost brand awareness by increasing the rising interest level of consumers.
Email marketing offers the chance to stay at the top of your customers’ minds. Do not focus just on selling your products by sending multiple emails daily to each single customer. This will restrict the possibility of developing customer loyalty. So, keep brand awareness into consideration.
5. Targeted Messaging
The prospective customers are at various phases of the purchasing cycle. Some customers might be just considering your product, while others may be researching and comparing your product and others might be ready to buy. So, one approach can’t be used for all.
You can identify what type of content to create for each stage by developing buyer personas. Keeping these consumers in a suitable email marketing list allows targeted messaging. Providing the right content helps in efficiently pushing customers to the next purchasing cycle phase.
6. High ROI (Return on Investment)
Email marketing is renowned for its exceptional return on investment. Small businesses can achieve impressive results with relatively low costs. Compared to traditional advertising, the cost-effectiveness of email marketing means that for every dollar spent, you can expect a significant return in terms of increased sales and revenue.
7. Customer Relationship Building
Email marketing provides a direct and personalized channel of communication with your customers. Through regular newsletters, updates, and tailored content, you can strengthen the connection between your small business and its audience. Consistent and valuable interactions foster trust, loyalty, and long-term customer relationships.
8. Time-Sensitive Promotions
Email campaigns are an effective way to promote limited-time offers, sales, or special events. By sending targeted and time-sensitive promotions to your subscribers, you can create a sense of urgency, encouraging them to take immediate action, make purchases, and engage with your business during specific periods.
9. Data-Driven Insights
Email marketing platforms provide valuable analytics and insights into subscriber behavior. These data-driven insights allow small businesses to assess the performance of their email campaigns, understand what works and what doesn't, and make data-backed decisions to refine their marketing strategies. This continuous improvement process helps optimize future campaigns for better results.
10. Increased Website Traffic
Email marketing can drive traffic to your website. When you include links to your website within your email content, you direct recipients to explore your online presence. This not only increases website traffic but also provides opportunities for visitors to learn more about your products or services, potentially leading to conversions and sales.
Different Types of Email Marketing Campaigns
Businesses can opt for different kinds of email marketing campaigns based on their requirements. Newsletters don’t have any links, descriptions, and intro to inform customers about new launches and industry news. Birthday or anniversary messages improve customer loyalty.
Welcome messages are sent out to first-time users for brand awareness, sales generation, and lead follow-up. Limited-time offers campaign is used to target consumers in sales, mainly those who have bought identical products or those who have not finished their purchase.
Best Email Marketing Strategies
Understanding your KPIs is the best strategy that generates results. Determine your clickthrough rate or conversion rate. Also, find out your open rate and unsubscribe rate. To analyze your email effectiveness, identify your list growth rate.
Another tip includes segmenting your audience and email marketing. Different approaches are required for the unique needs of different customers. Potential customers, existing customers, and all require different messages and touch. Use integrated CRM and expand content marketing strategy.
Conclusion
Email marketing is a powerful tool for promoting your product, brand, or service. This is a goal-centered tactic for businesses because it targets people who are interested in your brand. Compared to social media channels, email marketing provides exceptional reach.
So, if someone tells you that email marketing is dead, don’t believe it. Approximately 73% of millennials use email for communications from businesses. So, get started with email marketing strategies today.