email marketing - the 2-year story

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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

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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.

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Page 1: Email Marketing - The 2-Year Story

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

Page 2: Email Marketing - The 2-Year Story

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

Page 3: Email Marketing - The 2-Year Story

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

Page 4: Email Marketing - The 2-Year Story

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

Page 5: Email Marketing - The 2-Year Story

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!!

Page 6: Email Marketing - The 2-Year Story

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

Page 7: Email Marketing - The 2-Year Story

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

Page 8: Email Marketing - The 2-Year Story

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

Page 9: Email Marketing - The 2-Year Story

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%

Page 10: Email Marketing - The 2-Year Story

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

Page 11: Email Marketing - The 2-Year Story

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

Page 12: Email Marketing - The 2-Year Story

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

Page 13: Email Marketing - The 2-Year Story

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

Page 14: Email Marketing - The 2-Year Story

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

Page 15: Email Marketing - The 2-Year Story

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

Page 16: Email Marketing - The 2-Year Story

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%

Page 17: Email Marketing - The 2-Year Story

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

Page 18: Email Marketing - The 2-Year Story

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

Page 19: Email Marketing - The 2-Year Story

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

Page 20: Email Marketing - The 2-Year Story

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

Page 21: Email Marketing - The 2-Year Story

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

Page 22: Email Marketing - The 2-Year Story

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.

Page 23: Email Marketing - The 2-Year Story

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

Page 24: Email Marketing - The 2-Year Story

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

Page 25: Email Marketing - The 2-Year Story

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

Page 26: Email Marketing - The 2-Year Story

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%

Page 27: Email Marketing - The 2-Year Story

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

Page 28: Email Marketing - The 2-Year Story

Example Report to Management

December 11, 2008 | Shaun Holloway | Association of Strategic Marketing

Started using the system

in October 2007

Data is now centralized!

Page 29: Email Marketing - The 2-Year Story

The Future

December 11, 2008 | Shaun Holloway | Association of Strategic Marketing

• Focus on email list growth

– opt-in opportunities

– clean up current lists

Page 30: Email Marketing - The 2-Year Story

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

Page 31: Email Marketing - The 2-Year Story

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

Page 32: Email Marketing - The 2-Year Story

Establish a New Baseline

December 11, 2008 | Shaun Holloway | Association of Strategic Marketing

• Be creative with approach– expand functionality and media

– inspect deliverability

Page 33: Email Marketing - The 2-Year Story

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

Page 34: Email Marketing - The 2-Year Story

Thank You!

Taking Your

Email Marketing Pulse:

Organization Readiness

Questions and Discussion

December 11, 2008 | Shaun Holloway | Association of Strategic Marketing