Email Marketing ROI The Financial Case for Bulk Email Marketing
According to a recent study by Quris, 57% of all consumers
have made purchases as a result of email marketing. With numbers like that how can you ignore the
potential marketing success of email?
For email marketing,
57% is an impressive number considering all the negative attention "spam" has
received in the media lately. This finding is further magnified by the DoubleClick
Q1 2004 Email Trend Report, which states that revenue generated
via email marketing averages between $0.21 and $0.29 per email delivered!
Email marketing
delivery costs are in the range of a fraction
of one cent to a couple cents per message. These averages depend on the email marketing service
or email marketing software you use. Regardless of how you get your
message to your recipients, that's an average return of 1,250%!
The major goal of any marketing effort is to get your name and brand
recognized by as many people as possible. To achieve this, marketers
use a wide array of techniques to make sure their brand names and product
offerings are in the forefront of potential customers' minds.
Email marketing is no exception to this rule but no
matter what marketing medium is used, the key is repetition. Studies
have shown that a potential consumer usually takes until the third
time they view a brand name and offer before making a decision to purchase.
There is no better or cheaper marketing vehicle available today than
email marketing. You can take advantage of the low cost of email marketing
to get your message in front of potential customers on a regular basis.
This regular pattern of bulk email will help insure that your brand name
and product offering stays at the front of your potential customers' minds.
Email marketing is a very cost effective and exciting way of
reaching potential customers. No other marketing technique allows
for the type of instant ROI analytics possible with bulk email.
If you use an email marketing service that provides reporting and tracking
you can gather instant feedback as to who is opening
and responding to your
bulk email. The data summarized in the reports will help you to
fine tune your message as well as allow you to directly follow
up on those prospects that have shown an interest in your offering.
You should be warned, however, that the same studies quoted above show that almost
fifty percent of customers have stopped doing business with companies
with poor email practices.
Internet users welcome email from companies and brands that they trust
so be sure you don't abuse your email marketing recipient's trust
by ignoring their inquiries and their requests to be removed from
future bulk email.
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