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Email Marketing Response Rates and Car Mileage

A plug-in, flex-fuel hybrid car. It has a 40-m...

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Nearly every week, I get asked, or I see someone ask, “What email marketing response rate can I expect to get?” Or, “How many clickthroughs should I see in my email campaigns?.”

It’s perfectly OK to want to know how you measure up, or whether your rates are “good” or “bad.” The truth is, it depends.

Your mileage may vary

The mileage you get on your car will vary based on what sort of car you have, how fast you drive, the condition of your brakes, whether you drive in the city or on the highway, and many other factors.

Something similar happens with email marketing. Each campaign, and each offer, is different. Some campaigns get better results during the work week, or even on a particular day or time of day.  Others perform better over the weekend when visitors have more leisure time.

One company’s campaigns might do well with a conversion rate of 4%.  Another business might boast conversion rates of 10%.  That doesn’t necessarily mean that the second business is earning more money.  The first one might be selling a more expensive product.  The second could be measuring based on open rates, rather than an actual sale.

Why conversion rates differ

Conversion rates can go up or down based on a hundred different variables.  For example, a Star Wars Halloween mask, will sell more readily (and quickly) than an industrial pump. The mask is cheap, simple, and doesn’t require a drawn-out research, bidding, or procurement process.  The pump probably does.

A free offer will get more responses than an offer that costs money. There’s no obligation and no monetary risk involved.

Responses can also differ based on the copy, the benefits of the product, the format, the quality of your offer, how will it fits your audience’s needs, and a hundred other factors.

It can even vary based on how you count conversions. Is a conversion an open? a click? an inquiry? or a sale?

Yes, you can compare your rates

There are lots of general email marketing reports showing breakdowns by industry, time of day, and day of the week.  They show open rates, click-through rates, deliverability (how many messages get where they’re supposed to go), conversion rates (how many people fill out your lead generation form or buy your product or ask for a meeting – whatever the purpose of the email is). Here’s the latest email marketing metrics report from Mailer Mailer. These reports can be useful to give you a general idea of how your business compares to others in your industry.  Just apply the appropriate quantity of salt when you look at them.

Your results are what matters

It’s nice to know how other people are doing, and reports are great as a general guide.  What really matters is how you’re doing.  Compare  your campaigns against each other.

Which emails had the highest open rates?  Which ones got the most clicks?  Have you tried to write  better headlines (subject lines)? Or testing one headline against another?

Watch your deliverability statistics and your unsubscribe rates.  If you have a large number of people leaving your list, find out why people are unsubscribing from your emails.

What’s Your Manifesto?

I was just reading a guest post on Problogger called “How to Use a Manifesto to Spread Your Blog’s Message.”  She said she wrote hers and made it a poster.  When I read that, I reflexively turned to look at my wall.  There’s a poster hanging on it.  I didn’t write the words, but it is a small business brand manifesto, and one I believe in.

Here it is:

We tend to think of branding and company manifestos as something more suited to large companies than small businesses.  But while you may not need a huge team of brand specialists to keep your colors, message, and logos in line you do need to know what your company stands for (and what it doesn’t).

Why have a small business company manifesto

It’s not just a way to spread the word, it’s a way to clarify your own thinking.  What do you stand for?  Stand against?  What will you do to get new business? What crosses the line?  Who is your “tribe”?

What are your company values?  Are you known for guaranteed super-speedy service? Or the company that gives back to the community?  Or are you known for personalized attention? Maybe you stand for super-luxury and exclusivity.  Or, maybe you’re egalitarian (the boss can’t make more than X percent of what employees earn).

Here’s the longer version (with cake!) – wrote that one myself.

That’s my thinking.  What’s yours?

Are You Making Bad Business Decisions Based on Assumptions?

A potential pitfall of using limits to as the ...

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Are you making bad business decisions based on assumptions?  Thinking you know the answer to a problem without verifying or checking your thinking?

I was a temp many years ago.  This meant I went around to different offices and companies, mostly doing word processing, sometimes page layout, or even help desk (during the great DOS to Windows transition).

I had to be able to adjust to lots of different software, working conditions, and, of course, bosses. And do it quickly.

The document from hell

One day, I was called in to work on a big document which the agency described as “the document from hell.”  It more than lived up to its name – many, many pages of information, set up in columns rather than a table – every time you added new data, the whole document had to be reformatted – by hand – a mess!).

Hard worker? Or slacker?

Anyway, at one point, my “boss du jour” saw me with a book. She came over, rather angry, and asked, “Are you finished with the document?”  No, I said.  “Then  WHY are you READING?”  I held up the book, which was called something like “WordPerfect Reference Guide,” and said, “It’s this, lots of characters, not much plot.” Then, not only appeased, but impressed, she asked if I would come back the next day.  I declined.

The danger of assuming

The point of the story is that she saw a book, and decided that I was wasting her time and her money.  The truth was, knowing the document was a nightmare, I had brought a reference book to help me work through it. I wasn’t a slacker, I was prepared. If you assume that everyone thinks what you think, or take action without investigating, your marketing is likely to fail.

Test your assumptions before you act

That’s why direct marketers test so much – to see if their assumptions are true. Does the blue call to action button work better? Or the orange one?  Which offer gets more sales – the buy one and get one for half price offer, or the buy one, get one free?

Don’t assume.  Test.

How to Write Email Subject Lines That Get Opened

headlines

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An email subject line is like the headline in an ad. It’s the first thing you notice – and the most important part of the entire message. It’s even more critical with email than with an ad.

If someone sees your ad, they may miss or ignore the headline, but be attracted by a photo or a sub-head.

With email, everything else is largely hidden.

If the subject line doesn’t say “open me!,” you’re sunk.

A writing tip from David Ogilvy

Whether in print or online, spend most of your time on your headline. To quote David Ogilvy (who never saw an email but knew a few things about headlines):

On the average, five times as many people read the headline as read the body copy. When you have written your headline, you have spent eighty cents out of your dollar. -David Ogilvy

Good, bad, and ugly subject lines

Here are some sample email subject lines:

Stocks Set to Rebound After Yesterday’s Fall

The problem with this headline is that it tells you the entire story. There’s no need to click and read the entire email. I already know the market went down yesterday, and the headline tells me that they are expected to rise today.

Here’s another take on that same headline:

The Five Stocks That Survived The Market Slide

If the stock market has been sinking, knowing which stocks have retained their value is useful and important information.  Where do I click?

Or, what about this one:

Spark Business with Webinars, Podcasts, and Online Video

Looks like the email is about different ways to market your business.  All good tactics.  The trouble isn’t with the content.  The trouble is that they’ve given away the entire strategy in the subject line.  There’s really no need to read further.  OK, I can use these tools to promote myself, one, two, three, check.  Done.

What if we changed this a bit.  Make the headline say something like,

How to Spark More Business

With that headline,  you won’t know what the tools are unless you open the email.

Here’s another one:

5 Ways to Break the Rules of Email Marketing

It promises I can break some rules, but there’s absolutely no way to tell what I’ll gain by doing it. I also can’t tell whether the rules are legitimate or foolish.  What if, instead, the headline made a promise about how I can be more successful by breaking the rules.  Say something like:

Profit From Breaking Email Marketing Rules – 100% Legal!

Makes you wonder what the rules are, how you can make money, and reassures you that it’s legal (you’re not spamming anyone).  The contradiction between doing something that sounds dodgy, and knowing that it’s perfectly legal gets your attention. You now want to open that email to find out exactly what you need to do to increase your profits.

In each case, the new subject lines work because they engage emotions, tell a story, or promise one.  You can do this by arousing curiosity, creating a mystery, setting up a contradiction, or promising useful information. And that’s why emails with these subject lines get opened.

Got a favorite email subject line? Or a question about writing them?  Ask in the comments.

 

Friday Fun: Open Mic

microphone

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Today, I thought I’d have an open mic day (like comedy clubs, but with better lighting).

If you’ve got something you’d like to see, a topic you want covered, speak up. If there’s a cool tool I haven’t found yet, share it in the comments.

Or, even if you’ve got a burning question about email marketing, or anything else I can help with. (Although if it’s about Justin Bieber I haven’t a clue).

Speak up. Raise your hand. Wave even.