email marketing - the 2-year story
DESCRIPTION
I compiled the results and rationale of a two-year email marketing study I conducted at my last employer that drastically improved email marketing effectiveness. Presentation given at the Association of Strategic Marketing Email Marketing Seminar on December 11, 2008 by Shaun Holloway.TRANSCRIPT
Email Marketing in 2008
Taking Your
Email Marketing Pulse:
Organization Readiness
What Every Company Should Know
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
Tell’em what you’re gonna tell’em
• Establish a Baseline– understand your own methods
• Listen to the Doctor– learn your audiences’ needs
• Get Healthier– maximize current processes & tools
• Undergo a Makeover– sell next steps to management
• Prepare to Show Results– demonstrate success & the future
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
Background Story
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• My Personal Background
• Personal Experience
– previous employer • 2 year email marketing performance study
– current employer• beginning the process again
1. Establish a Baseline
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Understand your own madness
– target audiences• 5 distinct audience segments• BASE = 2 chosen as base to improve
1. Establish a Baseline
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Understand your own madness
– internal production process• track from creation to broadcast• origin and review of all content• email assembly process• BASE = 2 WEEKS!!
1. Establish a Baseline
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Understand your own madness
– inventory content of messages• length of message and the pieces• language and calls to action• purpose and fundamentals• BASE = long text, no links, info pushed
1. Establish a Baseline
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Understand your own madness
– method of delivery• system of choice – internal or external• complexity and professionalism• BASE = internal email system, 6 hours
1. Establish a Baseline
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Understand your own madness
– format of message• text-based and code-base• BASE = text email to HTML webpage
1. Establish a Baseline
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Understand your own madness
– measurable activity• click throughs, open rates, etc • BASE =
– only data collectible from webpage analytics – primary performance indicator – click-through rate percentage = started at 2.7%
Baseline Performance Analysis
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
Click-through Rate
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
Jan-06 Feb-06 Mar-06 Apr-06
2. Listen to the Doctor
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Learn your audiences’ needs
– What does the audience value– What does the audience want to do– What do you want the audience to do
2. Listen to the Doctor
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Learn your audiences’ needs
– Frequency of touch points– Centralization of efforts– Timing of broadcast by day and hour– Opt-in collection methods
Projected Touchpoints
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
Email Marketing Email Forecast
Source# of sends
Sent Per Month Months
Send Per Year
Time of Month Sent
Audiencee-News 1 1.5 20,000 12 360,000 1st of month
Audiencee-News 2 1.0 4,000 12 48,000 15th of month
Audiencee-News 3 1.0 2,000 12 24,000 1st of month
Audiencee-News 4 3.0 500 12 18,000 Random
Audiencee-News 5 1.0 300 6 1,800 Random
Audiencee-News 6 1.0 100 12 1,200 TBD
Total 453,000
3. Get Healthier
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Maximize current processes
• Must understand how to get the most out of current tools and gather data to support advanced decisions
3. Get Healthier
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Content & Format
– Who creates content– Who reviews content– Gear messaging to audience– Provide a service through action
Results of Improving Current Systems
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• 14 day process down to 8 days– Reduced redundancy
– Gave more authority
– Time invested = 14 months
Process improvement results
Base Improvement Now
Content 2 weeks 8 days 5 days
Broadcast 6 hours 5 hours 6 minutes
Click-through 2.70% 4.30% 22.40%
Open Rate unknown unknown 30.10%
Performance Analysis Continued
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
Click-through RateShowing an average increase and leveling
0.0%1.0%2.0%3.0%4.0%5.0%6.0%7.0%8.0%9.0%
5/1/
2006
6/1/
2006
7/1/
2006
8/1/
2006
9/1/
2006
10/1
/200
6
11/1
/200
6
12/1
/200
6
1/1/
2007
2/1/
2007
3/1/
2007
4/1/
2007
5/1/
2007
6/1/
2007
4. Undergo a Makeover
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Sell next steps to management
– Discuss performance data– Monetize the performance for both time and process– Stress on current systems– Show strengths of current processes– Demonstrate additional improvement requires additional investment
4. Undergo a Makeover
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Connect with organization
– Mission and vision– Marketing strategy and goals– Web/digital strategy and goals
4. Undergo a Makeover
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Connect with organization
– Key is…– planned integration of tactics – accountability– compliance with standards and laws
4. Undergo a Makeover
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Identify champions & stakeholders
• Understand the new organizational processes from the data collected
• Define requirements and look for a solution that aligns with the processes and culture
Comparison of Improved vs. New
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
Old version focusing on content and getting the messaging effective.
New version building off of tweaks focusing on look and feel.
Font size: 12pt
Font Color: #006983
Photo Size
185w x 94h
Article Photo
137 max w x vary h
Link Image
Valign = Left
Halign = 10
Insert image above text – Title will appear above image
Article Title will auto format using the text in the “Title” Field
Journalist Feature Article
Tool
Font size: 12pt
Font Color: #1F344C
Macros can be used
Side Article Photo Sizes
150w x 94h
Image can be less than 150
Main/Side Articles
Make sure to delete all “<p>” and “</p>” tags in each article to ensure spacing
Font size: 11pt
Font Color: #1F344C
NO BOLD
Main Article Photo
137w x varied h Link image
Image Properties: Valign = left
Side Header
Font size: 14pt
Color: 006983
BOLD
LOGO
Preparing Instructions for Content
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
Footer
Operates as two columns: “Footer Left” and “Footer Right” ; Footer Left = Arial size 10pt
5. Prepare to Show Results
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Share the results!
• Perform comparison analysis
– show the cost savings
– show the recipient actions
– connect results to organizational goals and the bottom line
Results of the 2-year Study
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Understood how we do business before taking the leap to new system
• Justified recommendations with data and use of current tools
Results of the 2-year Study
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
A drastic improvement!
Base Improvement Now
Content 2 weeks 8 days 5 days
Broadcast 6 hours 5 hours 6 minutes
Click-through 2.70% 4.30% 22.40%
Open Rate unknown unknown 30.10%
New Performance Results
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
UNIQUE Click-through Rate
0
0.05
0.1
0.15
0.2
0.25
0.3
0.35
Unique Open Rate
Unique Click-throughs
Example Report to Management
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
Started using the system
in October 2007
Data is now centralized!
The Future
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Focus on email list growth
– opt-in opportunities
– clean up current lists
The Future
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Continuously adjust messages
– review analytics
– perform segmentation analysis
– follow-up with response by behavior
– change mentality of organization
Establish a New Baseline
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Adjust marketing strategy
– learn from the audiences
– take action
– share results with the sales team
Establish a New Baseline
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Be creative with approach– expand functionality and media
– inspect deliverability
Tell’em what you told’em
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing
• Understand your own methods
• Understand your audience needs
• Maximize current processes & tools
• Sell next steps to management
• Demonstrate success & the future
Thank You!
Taking Your
Email Marketing Pulse:
Organization Readiness
Questions and Discussion
December 11, 2008 | Shaun Holloway | Association of Strategic Marketing