Thursday, January 23, 2014

How Often Should Small Businesses Email Subscribers?


How Often Should Small Businesses Email Subscribers?

Email marketing is one of the most effective methods that your business can utilise in online marketing. However, should you email some of your contacts too often; you can end up losing vital leads. Research has shown that 54% of subscribers quote that they receive emails too frequently.
On the other hand, too infrequent email can lessen your web traffic and lower your profits. Research has shown that 44% of email recipients made at least one purchase last year based on a promotional email.
Therefore finding the optimal email frequency is a very important task for your small business.
So how often should your small business email subscribers?How Often Should Small Businesses Email Subscribers?
In reality there is no right or wrong answer to this question. Some subscribers would welcome emails coming into their inbox on a daily basis. Others will not appreciate it and would prefer that you email them perhaps twice a week or once a month.
One of the core principles to determine the frequency to send out emails is the value of your correspondence. Emails that have a high value to the subscribers are likely to retain the subscribers even at a higher frequency. However those that have a poor value to the audience are more likely to lose subscribers.
Another consideration is to note at what stage of the sales process the reader is at. Those who have not bought any products or services are less likely to tolerate a regular email; however those who have purchased and enjoyed your product or service are likely to respond positively to your communications.

Discovering the optimal level

Every business therefore has a different frequency that is optimal for sending out emails. Discovering that frequency isn’t an easy process, however it is possible to do so.
You could perhaps start off sending out your email marketing at an interval of perhaps once a month. This is a very non-intrusive level which is a good start, especially if you have a lot of new subscribers. However it is likely that the return on the email marketing campaign will be low. You should monitor the level in which people are opening and clicking through to your website from the email. You should also monitor the rate in which people are unsubscribing from the communication.
You might want to try this method for between three to six months to gain a decent average for the CTR (click through rate) and unsubscribe rate. Otherwise you might be faced with comparing data when one might have over or under performed.
After this period you could attempt to increase the frequency to a campaign that runs every two weeks. Again it is best to monitor the CTR and unsubscribe. If you notice that the CTR drops and the unsubscribe increases, over three or four campaigns, you should reduce the frequency back to once a month. However should you be noticing that the CTR and subscribe rate is increasing you might want to calculate the value over a longer period.
If more sales are made over a period of two or three months, then the higher level is obviously a good suit for your business. You might also want to increase the level to once a week – again watching the unsubscribe rate to ensure it doesn’t increase beyond an acceptable rate.
You could of course decrease the number of emails you send out a month, if the unsubscribe rate increases and you find it is less profitable.

Final note

One way to ensure that you do not suffer from too large an unsubscribe rate from your highly valuable emails, is to ensure that when individuals do sign up you make it clear how often you will be emailing them. This is perhaps more valuable further down the line and it can help you retain new subscribers.

So retain a healthy list of engaged readers on your email campaigns and discover the best frequency for your target market.

Try It Now

Click Here!

How Often Should Small Businesses Email Subscribers?

Email marketing is one of the most effective methods that your business can utilise in online marketing. However, should you email some of your contacts too often; you can end up losing vital leads. Research has shown that 54% of subscribers quote that they receive emails too frequently.
On the other hand, too infrequent email can lessen your web traffic and lower your profits. Research has shown that 44% of email recipients made at least one purchase last year based on a promotional email.
Therefore finding the optimal email frequency is a very important task for your small business.
So how often should your small business email subscribers?How Often Should Small Businesses Email Subscribers?
In reality there is no right or wrong answer to this question. Some subscribers would welcome emails coming into their inbox on a daily basis. Others will not appreciate it and would prefer that you email them perhaps twice a week or once a month.
One of the core principles to determine the frequency to send out emails is the value of your correspondence. Emails that have a high value to the subscribers are likely to retain the subscribers even at a higher frequency. However those that have a poor value to the audience are more likely to lose subscribers.
Another consideration is to note at what stage of the sales process the reader is at. Those who have not bought any products or services are less likely to tolerate a regular email; however those who have purchased and enjoyed your product or service are likely to respond positively to your communications.

Discovering the optimal level

Every business therefore has a different frequency that is optimal for sending out emails. Discovering that frequency isn’t an easy process, however it is possible to do so.
You could perhaps start off sending out your email marketing at an interval of perhaps once a month. This is a very non-intrusive level which is a good start, especially if you have a lot of new subscribers. However it is likely that the return on the email marketing campaign will be low. You should monitor the level in which people are opening and clicking through to your website from the email. You should also monitor the rate in which people are unsubscribing from the communication.
You might want to try this method for between three to six months to gain a decent average for the CTR (click through rate) and unsubscribe rate. Otherwise you might be faced with comparing data when one might have over or under performed.
After this period you could attempt to increase the frequency to a campaign that runs every two weeks. Again it is best to monitor the CTR and unsubscribe. If you notice that the CTR drops and the unsubscribe increases, over three or four campaigns, you should reduce the frequency back to once a month. However should you be noticing that the CTR and subscribe rate is increasing you might want to calculate the value over a longer period.
If more sales are made over a period of two or three months, then the higher level is obviously a good suit for your business. You might also want to increase the level to once a week – again watching the unsubscribe rate to ensure it doesn’t increase beyond an acceptable rate.
You could of course decrease the number of emails you send out a month, if the unsubscribe rate increases and you find it is less profitable.

Final note

One way to ensure that you do not suffer from too large an unsubscribe rate from your highly valuable emails, is to ensure that when individuals do sign up you make it clear how often you will be emailing them. This is perhaps more valuable further down the line and it can help you retain new subscribers.

So retain a healthy list of engaged readers on your email campaigns and discover the best frequency for your target market.

Try It Now

Click Here!


Common Email Marketing Statistics: Opens, Clicks And Subscribers

Statistics are the bread and butter of email marketing. That’s the beauty of the email channel – you can obtain real-time results quickly and easily. Let’s take a look at a few of the most common statistics and how they can help you hone your email marketing strategy.
How Often Should Small Businesses Email Subscribers?
Opens
All opens are not created equal. What you want to focus on is unique opens, considered the industry benchmark. Unique opens, as opposed to total opens, counts only one open for each email address. The median unique open rate in the U.S. last year was 16.5 percent. 
While you might be interested in industry averages, more important are the unique open rates for your particular industry – and, more specifically, for your own company. Do certain days of the week or times of day have higher open rates? Does length or type of subject line impact your open rate. Test… then retest.
It’s not only important to know how many people opened your email, it’s also key to know what devices they used to open them. If your audience is heavily mobile, you’ll want to make sure your emails are optimized for mobile devices.
Clicks
Opens are one thing, but it’s the click-through rate (CTR) that most email marketers obsess over. The CTR is calculated by dividing the number of click-throughs by the number of email messages delivered. The resulting percentage is your click-through rate. In 2012, the median CTR in the U.S. was 2.2 percent.
Click-to-open rate (CTOR)
The CTOR – also referred to as the “effective rate” – measures the relevancy and context of an email. To get the CTOR, divide the number of unique clicks by the number of unique opens. If you want a percentage, multiply that figure by 100. The CTOR shows you how many openers clicked on the email itself.
The reason this metric is also called the “effective rate” is because it reveals the effectiveness of your email content.
Subscribers
Subscriber statistics can tell you a lot about your list. A subscriber stat you can’t overlook is unsubscribes. A high unsub rate can mean several things, including:
  • You’re sending too many emails
  • Your email content is not relevant
If your unsub rate is less than 2 percent, you’re within industry norms. If it’s higher than that, take a look at your frequency and content. And if you notice a spike in unsubscribes following deployment of an email, take a close look at that email to see what might have caused the mass exit.
Other important subscriber statistics include activity (or lack thereof). Sure, you want to see how many actives you have on your list. But equally important – if not more so – are the inactives.
It’s best practice to remove inactives from your list, as leaving them on your list can impact deliverability. You may want to start with subscribers who have never opened or clicked an email. Many email marketers segment inactives by length of inactivity, such as 24 months, 12 months, six months.
If you’re reluctant to simple delete your inactives, you can create a re-engagement campaign to determine which subscribers truly want to remain on your list. In any case, if you ignore this statistic, you do so at your own peril.
You don’t have to be an analytics whiz to interpret email statistics. You do, however, need to be consistent in your regular review of statistics. Deploy, analyze, apply. Wash, rinse, repeat.

Each email you send is a learning experience. Find out what worked, what didn’t, and apply to upcoming campaigns. Add a dash of diligence and a pinch of patience. It’s the recipe for email marketing success.

Try It Now

Click Here!


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