What is Email Marketing and How to Do It?
To do marketing that is done by large companies, email marketing is one of the answers to the best strategy. Want to know how the email marketing strategy of a big company?
In the following, we will explain what email marketing is,
why it is essential to do, some strategies for success, and what are the tips
and tricks that must be done to master it.
What is Email Marketing?
In 1978 ago, the first email marketing was created. This
type of marketing-generated total revenue of 13 million dollars. This immediately
makes it one of the promising marketing methods.
According to HubSpot, email marketing is not spam or
greetings from old friends. If the understanding is drawn, email marketing is
the middle between the two types of email.
Email marketing will prove effective in building good
relationships with customers if appropriately used.
Why is Email Marketing Important?
Email marketing is no longer a traditional way of marketing.
This is a different type of marketing from social media which can make people
directly comment on the products provided.
However, in terms of building long-term relationships with
customers, this technique can be said to be more appropriate. This technique
can win customers' hearts and make them more loyal.
Later, if the customer is loyal, then he will not only read
emails sent about a product. They will also patiently wait for an email from
the company regarding the latest development.
Email marketing is essential because it has a much greater
potential for new customer acquisition than others. According to WBR Digital,
the success of this type of recent consumer acquisition reached 81%, much
higher than social media marketing which was only 51%.
The last thing that makes this breed important is the low
cost. According to a Direct Marketing Association study, if an email for $1 is
sent, there is the potential to earn up to $40.
Email Marketing Strategy
A study says that there are 3.8 billion people who use email
today. Another study also says email marketing is 40 times more effective than
Twitter and Facebook.
In fact, data states that customers often buy products
immediately after reading the email. This data shows that email marketing can
be one of the best ways of marketing today.
However, you need some unique strategies to take advantage
of this email marketing. Email differs from social media platforms, so it
requires a different approach.
1. Get to know the habits of potential customers
Understanding the habits of the prospect we are targeting is
an important focus. You'll need to get to know the prospect's persona more
closely.
Once this is done, then customer-friendly email content can
be created.
2. Set sales targets via email
First of all, research your industry and what the average
successful sale is from email. Use this average as a benchmark to set your
sales target.
Then, you also need accurate email usage data to set
realistic targets.
3. Group users
Group customers by place of residence, age, hobbies, and
more. Customers will be happy to receive emails about the latest products, of
course, because you have created a profile of this group from the start.
4. Determine your campaign type
It is essential to determine the type of promotion that will
be made before doing email marketing. This promotion is related to the customer
profile that you have previously grouped.
Don't forget to set the right time with potential customers
so they won't be seen as annoying.
This method is intended so that our company has complete
trust in the eyes of the customers we are targeting.
5. Evaluate and measure the results
Measure the results of email marketing that has been
executed. After implementing the various strategies exemplified above, the
measure of success must be immediately established.
Several ways can be taken to measure the success of email
marketing. This can be done by setting clear KPIs or using the A/B testing
method.
Email Regulations to Know
When starting to move in email marketing, one thing must be
obeyed. Those are email regulations. These email regulations relate to the
rights of customers. They should know what the information they have provided
is used for.
There are some rules to note in the world of email
marketing. Here's the explanation.
1. CAN-SPAM Compliance
The first is CAN-SPAM Compliance. CAN-SPAM stands for
Controlling the Assault of Non-Solicited Pornography and Marketing.
CAN-SPAM was implemented in 2003. The goal is to protect the
subscriber's right to keep them updated with relevant emails. In following this
rule, companies must include a lot of information.
These include the company's name and address, including a
particular link in the email, the correct use of an email account in the sender
and reply fields, and writing a subject that contains the contents of the
email.
2. GDPR Compliance
GDPR stands for General Data Protection Regulation. This
email regulation is predicted to make the relationship between the company and
its customers more durable.
Indeed, in this GDPR, the requirements must be met are more
severe. The language used in the email should not be verbose. The data shared in
the email must also match the company's business.
In addition, the data used must also be stored properly.
Companies must also include their track record. If this GDPR is met, companies
can gain more trust from customers.
That's all email marketing you need to know. How are you interested in trying this challenge?
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