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Posts Tagged ‘Email Marketing’

Ask MarketingSherpa: Mapping the prospect conclusion funnel [includes free PDF example]

August 29th, 2018
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We frequently receive questions from our email subscribers asking marketing advice. Instead of hiding those answers in a one-to-one email communication, we occasionally publish some of them here on the MarketingSherpa blog so they can help other readers as well. If you have any questions, let us know.

Dear MarketingSherpa: Hi Daniel, I’m following up on the conversation started on Twitter about your blog post. My questions are:

– What was the main realization that took you to write this article?

– Do you think that this works for businesses in any industry? For example, some businesses are mostly offline, is it wise to invest time in creating a funnel for those as well?

FYI, this is the article I’m talking about — Marketing 101: What is funnel creation?

Looking forward to hearing back from you.

Thanks.

Dear Reader: I wrote the article because I received questions following the publication of this article: Website Development: How a small natural foods CPG company increased revenue 18% with a site redesign

Yes, the funnel works for any fairly complex purchase. This was true before the internet. Think about buying a car before the internet. First you saw the ad. Then maybe you filled out a business reply (BRC) card. Got invited in for a test drive. Test drove cars at competitors. Get to price negotiations. Etc, etc.

The funnel is a human decision-making phenomenon

I’ll go a step further. The funnel works for any fairly complex human decision, not just purchases, and certainly not just online. For example, you don’t instantly decide someone you meet in college is going to be your best friend. There’s a process.

And that begins with exposure to that person in the first place. You made micro-decisions to attend the same club meeting that person did, you approached them after the meeting, you had a good conversation, you invited them to hang out with your buddies, your buddies liked that person (third-party verification), you hung out more and more, you confided trust in that person (form fill with annual revenue info), that person confided trust in you … 40 years down that funnel, your best friend is giving a toast at your daughter’s wedding (the final purchase).

In a vacuum, the funnel still exists

The reader asked if it is it wise to create a funnel. It’s important to note that the funnel exists whether you choose to actively manage it or not. Take the example above. Your best friend didn’t choose to create a funnel to end up giving a toast at your daughter’s wedding. There were a set of decisions that you naturally made to get to that point.

It’s the same with the buyer’s journey. If you’re selling a car, there are a series of decisions a buyer will make on the path to deciding whether to purchase that car, whether you’ve set up a funnel or not.

What you can do is try to discover what these paths to purchase are, and then how you can use your marketing, sales and other resources to help them make that decision.

Let’s look at an example where we map business activities in a funnel to a set of conclusions a prospect has to reach for a B2B services contract.

Prospect conclusion funnel example

[Click here for an instant, free download of a PDF version of the Prospect Conclusion Funnel Example]

Let’s break down the example.

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Email Marketing: Why phishing emails (unfortunately) work … and what marketers can learn from them

August 8th, 2018
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I was riding in the car with my wife’s uncle. And when he found out that email marketing was one of the things I work on, he said, “Oh, so you send spam. I hate spam!”

It goes without saying, spam is bad marketing and I don’t support it. As I’ve written before, email marketing is just a means to an end. And the end should be helping a person.

I bring this up because we’re going to a pretty dark place today: Phishing emails.

Let me be clear. Phishing emails aren’t marketing. They are a flat-out scam. The role of marketing is to help a customer perceive the value and cost of products in a world of choice to — ultimately — make the best choice for them. Phishing emails are just plain thievery.

While phishing emails don’t ultimately deliver value, they do communicate value. Not to everyone, but to a specific audience. And that is why some people act on them.

So let’s see what legitimate marketers can learn from them. Let’s not be close-minded because their intentions are wrong. After all, for the marketer who seeks to grow his personal capacity, there are lessons everywhere. So here are some email marketing insights from email marketing scams.

What is a phishing email?

Earlier in my career, I worked in the IT security space for a bit, and I learned that the weakest link in security isn’t that encryption could be hacked.

It’s you. And me.

And that’s what phishing is, essentially. Instead of trying some complex technological ways to steal, just get people to act of their own volition. It’s a form of social engineering. They are using bait to catch a victim, and the visceral way it is named always reminds me of this scene from “Wayne’s World.”

 

You can see 15 examples of phishing emails here, and I’ve included a few of the most common types below.

 

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Email Clickthrough Rate: 9-point checklist to get more clicks for your email marketing by reducing perceived cost

April 5th, 2018
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To help you increase the clickthrough rate of your email marketing, here’s a nine-point checklist for minimizing your recipients’ perceived cost of clicking in your emails. This checklist is from the Email Messaging online certification course taught by MECLABS Institute (MarketingSherpa’s parent research organization).

You can click here to download a PDF of the Email Click Cost Force Checklist (no form fill required, instant download), and I will walk through the checklist step-by-step in this blog post.

EMAIL CLICK COST FORCE

For macro decisions, like a purchase, you likely spend significant time and resources ensuring that customers want to purchase the product.

However, it’s all too easy to overlook the smaller decisions your customers are making every day — the micro-yes(s) — like clicking through an email.

Every decision you ask prospective customers to make has a perceived value to the customer as well as a perceived cost. The “force” of value or cost is a term designed to discuss the strength of the effect of those elements on the customer’s decision-making process.

Put simply, if the value force is stronger, your customer will take the action you are asking. If the cost force is stronger, your customer will not take the action.

For example, could the customer be concerned that you are sending a phishing email, and by clicking through they will get a virus or be scammed in some other way? That is a cost, a major cost.

But every click has a cost. Even if it’s just the time it takes their phone to load the data of the landing page they are clicking through to.

Now, the actual value or cost of the email click isn’t what determines if your subscribers will act (although it could affect their likelihood to take future actions). It is the perceived cost or value before customers even take that action. After all, they don’t know what value they will really receive or cost they will incur until they act.

This checklist will help you minimize the perceived cost of an email click to help you increase your brand’s email clickthrough rate. For a checklist that will help you maximize the perceived value of the email click, along with checklists to help you grow your email list and increase open rate, you can download this bundle of six email marketing checklists.

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Email Open Rates: 9-point checklist to get more opens for your email marketing by reducing perceived cost

March 21st, 2018
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The Radicati Group predicted that the average business user would receive 97 emails per day in 2018.

97 emails per day.

So why should they open yours?

To help you optimize your open rate, we’re giving you a nine-point checklist for minimizing the perceived cost of the email open. This checklist is from the Email Messaging online certification course taught by MECLABS Institute (MarketingSherpa’s parent research organization).

You can click here to download a PDF of the Email Open Cost Force Checklist (no form fill required, instant download), and I will walk through the checklist step-by-step in this blog post.

EMAIL OPEN COST FORCE

For macro decisions, like a purchase process, you likely spend significant time and resources ensuring that customers understand the value of the product.

However, it’s all too easy to overlook the smaller decisions your customers are taking every day — the micro-yes(s) — like email open.

Every decision you ask prospective customers to make has a perceived value to the customer as well as a perceived cost. The “force” of value or cost is a term designed to discuss the strength of the effect of those elements on the customer’s decision-making process.

Put simply, if the value force is stronger, your customer will take the action you are asking. If the cost force is stronger, your customer will not take the action.

Now, this isn’t the actual value or cost of an action. It is the perceived cost or value before customers take an action. After all, they don’t know what value they will really receive until they act.

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Optimizing Email Capture: 9-point checklist to grow your email marketing list by minimizing the perceived cost of opting in

February 27th, 2018
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In the early days of email marketing, many sites used to brag about their FREE email newsletters and try to entice customers to SUBSCRIBE FOR FREE.

Today, many email marketers have simplified the ask to “Subscribe Now” or “Send Me Updates.” Email newsletters with no monetary cost have become so commonplace that it is no longer worth mentioning.

Notice how I said “no monetary cost” as opposed to “free.” Email newsletters aren’t actually free, and they never were. Sure, the vast majority do not require a monetary payment, but they cost the customer’s time. And the friction and anxiety involved in signing up is essentially a cost to the customer as well.

So to help you get more opt-ins for your email list, here is a nine-point checklist for minimizing the perceived cost of the email capture. The checklist is from the Email Messaging online certification course taught by MECLABS Institute (MarketingSherpa’s parent research organization).

You can click here to click here for a PDF of the Email Capture Cost Force Checklist (no form fill required, instant download), and I will walk through the checklist step-by-step in this blog post.

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Marketing 101: What is an A/B split test?

February 2nd, 2018
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Marketing has a language all its own. This is our latest in a series of posts aimed at helping new marketers learn that language. What term do you find yourself explaining most often to new hires during onboarding? Let us know.

An A/B split test refers to a test situation in which two randomized groups of users are sent different content at the same time to monitor the performance of specific campaign elements.

A/B split testing is a powerful way to improve marketing and messaging performance because it enables you to make decisions about the best headline, ad copy, landing page design, offer, etc., based on actual customer behavior and not merely a marketer’s opinion.

 

Let’s break down the process of A/B split testing.

Real People Enter the Test

This is part of the power of A/B split testing as compared to other forms of marketing research such as focus groups or surveys. A/B split testing is conducted with real people in a real-world purchase situation making real decisions, as opposed to a survey or focus group where you’re asking people who (hopefully) represent your customers what they might do in a hypothetical situation, or to remember what they have done in a past situation.

Not only can you inadvertently influence people in ways that change their answer (since the research gathering mechanism does not exactly mimic the real-world situation), but people may simply tell you what they think you want to hear.

Or, many times, customers misjudge how they would act in a situation or misremember how they have acted in the past.

That doesn’t mean you shouldn’t use surveys, focus groups and the like. Use this new information to create a hypothesis about your customers. And then run an A/B split test to learn from real customers if your hypothesis is correct.

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Best of 2017: MarketingSherpa’s most popular content about email, customer-first marketing, and competitive analysis

December 21st, 2017
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As you head into 2018, I hope you have grand plans on how to exceed your company’s goals, improve results and create even more effective customer-first marketing.

Whatever your plans are for 2018, it all begins with an idea — and the inspiration to carry out that idea.

Hopefully, here at MarketingSherpa, we’ve played even a small part in powering those ideas and providing that inspiration. To give you that little extra oomph before we cross the line into 2018, here’s a look at some of our readers’ favorite content from the MarketingSherpa Blog this past year.

Time to Move On: Three email marketing habits your customers are sick of seeing

We provided some ideas for email marketing habits you might want to break. Habits like tricky subject lines.

Or overlooking your email’s true call-to-action. “Actually, I kind of view it as a failure for that email if they do click on anything but my main CTA. That was the point of sending the email,” said Bart Thornburg, Senior Manager, Email Marketing, Wedding Wire.

Read the blog post to see if any of these habits look familiar to you from your email marketing campaigns.

Email Marketing: Five ideas to increase your email’s perceived value

Value, much like beauty, is in the eyes of the beholder. And for marketing, that beholder is the customer.

So how can you create value for your email subscribers and make sure they perceive that value?

For one thing, you should be thinking of your emails as more than just promotions. “Content-focused emails now sell just as well as the product-focused ones,” said Blake Pinsker, Marketing and Brand Director, MVMT.

Relevance is always key. For example, including product names in cart abandonment emails, “customers seem to have a really high open rate in that one because it recognized what they had been looking at not long ago,” said Victor Castro, Director of eCommerce, Zachys Wine & Liquor.

Read more…

Ask MarketingSherpa: Should I use geo-targeting for event emails?

December 19th, 2017
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We frequently receive questions about marketing advice from our email subscribers. Instead of hiding those answers in a one-to-one email communication, we publish some of them here on the MarketingSherpa blog since they may be able to help many other readers. And if you have any questions, let us know.

This question was submitted by Email Marketing Manager Korbin in reference to emails about his organization’s events.

Korbin: I’m trying to find the average decrease in conversion when we send an event email to a 30-mile radius around the event, versus something larger like 70 miles. It’s caused some heated disagreements between field and HQ staff.

Do you have any research on something like this? For example, if an event is in Denver, and we send an email invitation to 30 miles around Denver (~1 hr drive radius), how does that conversion/unsubscribe rate compare to an invitation sent to something like a 50 or 70-mile radius (~2-3 hrs.)? Is it worth expanding the send?

Dear Korbin: I asked around the lab and while we don’t have the precise data to support the decision you are looking to make, my colleagues were happy to review and provide their perspectives on your challenge.

Here are the insights I was able to gather:

Insights based on experience

From running our own events, our hypothesis is that the specific time or mileage would most likely vary by location. For example, here in Jacksonville, we’re pretty spread out, and people are used to going a long way to get places. The same is true in Los Angeles.

The Boston market seems way different. Someone isn’t going to come in from Cambridge to get into the city or go from the city out to the suburbs. New York is the same.

But that’s just a hypothesis. Would love to see your test. In the meantime, here’s some content you might find helpful:

In addition to the distance to the event, the messaging and title of the event are important, of course. Here’s an experiment we ran for one of our own events:

Email Testing: More Specific Subject Line Improves Open Rate By More Than 35%

Insights based on testing

Leads from our data sciences and research teams shared the results of a campaign they worked on for a large event with satellite host locations.

They ran a geo-targeted email test based on the registration addresses of previous attendees/alumni:

  Message CTA Clickthrough Registrations
Control General event messaging Register Now for a Location Near You 2.0% 34
Treatment This year, the closest host site to you appears to be: Host site name, City, State Reserve Your Seat Here Now 3.7% 162

Based on the success of the geo-targeting, this organization then sent the same treatment email to their entire list of subscribers based on IP address, securing an additional 87 registrations.

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Ask MarketingSherpa: How do I write emails that sell?

November 3rd, 2017
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We frequently receive questions about marketing advice from our email subscribers. Instead of hiding those answers in a one-to-one email communication, we publish some of them here on the MarketingSherpa blog since they may be able to help many other readers. And if you have any questions, let us know.

Ask MarketingSherpa: Hi Daniel!

Maybe you can help me.

My position is Advertising Sales at a Print Media Magazine.

What tips can you guide me with in terms of constructing emails to get my existing clients or new clients to advertise with us?

Dear Reader: Great looking magazine!

Here’s the best advice I can give you — think about the question you just asked me. I don’t mean to sound harsh, 99% of people selling advertising would have worded it the same way.

However, think about it as a customer. Do you want someone to “get” you to advertise? No! You want value.

So take a customer-first marketing approach. What value can you provide to existing and new clients? And that goes for both those that buy from you and those that don’t. Focus your email around that. Nobody is waiting to get an email that sells them something. However, an email with value for them, now that might get a response.

That’s my top tip. In addition, this PDF transcript — Email Messaging: How overcoming 3 common errors increased clickthrough 104%  — has some good advice based on our research.

And we go even deeper in this online course — MECLABS Institute Email Messaging Online Certification.

Read more…

Marketing 101: What is deduping?

October 6th, 2017
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Marketing has a language all its own. This is our latest in a series of posts aimed at helping new marketers learn that language. What term do you find yourself explaining most often to new hires during onboarding? Let us know.

Deduplication, or deduping for short, is the process of removing identical entries from two or more data sets such as mailing lists.

Also known as merge and purge, deduping can be done for a lot of reasons. For example, the marketing team for MECLABS Institute, MarketingSherpa’s parent company, need to dedupe lists for its online certification courses.

Basically, if a student is enrolled in all four courses, they would be on four lists as a student.

So if Erin Donker, Associate Director of Marketing for MECLABS, wants to send an email to all the course students, she would dedupe the master list of enrolled students so that a particularly industrious one who is enrolled in all four courses wouldn’t receive the email four times.

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