According to Wikipedia,- the term 'email marketing' is usually used to refer to:
- Sending e-mails with the purpose of:
* enhancing the relationship of a merchant with its current or previous customers
* to encourage customer loyalty and repeat business,
* acquiring new customers or
* convincing current customers to purchase something immediately,
- Adding advertisements to e-mails sent by other companies to their customers, and
In plain English - Email Marketing is a form of Direct Marketing which uses email to send targeted messages, information or offers to a designated set of prospective or current customers. It can be used to send commercial as well as non profit messages which distribute information to a wide range of audiences.
We hope the above information was useful for those who are unfamiliar with Email Marketing.
Does Email Marketing really work?
We offer the following statistics to support the effectiveness of Email Marketing:
* According to Research done by DMA, Email's ROI in 2008 was $45.06 for every dollar spent.
* Email drove an average of $0.14 in revenues per delivered message. - Epsilon "Q3 2008 Email Trends and Benchmark" (Jan 2009)
* 44% of respondents in a consumer survey said that email from financial services companies make them feel more loyal towards the companies and their products - Epsilon (Oct 2008)
* 55 percent of the respondents cite that they expect ROI from email to be higher than any other channel. - Datran Media, "Marketing & Media Survey" (2008)
* Email is delivering sales at an average cost per order of less than $7, compared to $71.89 for banner ads, $26.75 for paid search and $17.47 for affiliate programs. - Shop.org, State of Retailing Online 2007 report (Sept. 2007)
* 67% of respondents prefer email as a communications channel over other online vehicles and 65 percent believe this will continue to be the case in five years. - Habeas (2008)
* 80% of Marketers Report Email Is Strongest Performing Media Buy Ahead of Search and Display. - Datran Media, "Marketing & Media Survey" (2008)
So why does it work?
* It hits the bull's eye
* It helps in visitor behavior analysis
* It is sales driven
* It is a relationship builder
Email marketing can be effective for businesses of all types and sizes. There are hundreds of great and powerful email automation programs available for email marketing. Email can even be customized down to an individual recipient basis with the help of advanced tools. The results of email campaigns are immediate e.g. sales, downloads, inquiry forms or whatever is the goal.
Email Marketing is still the preferred Marketing Vehicle because it is:
1) Focused: Email marketing allows you to customize your pitch according to the segment you are targeting. For example you want to sell to 'Computer Training Schools', you can create an email list of Computer schools in the area or areas you want to focus on. You can send out an email which addresses computer school pains which your business can help or provide a remedy for. Therefore email marketing can help you communicate with various segments of your customers by customizing your pitch.
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