Tuesday, October 31, 2017

Real World Growth Hacking: A Guide to Getting Customers for the Unfunded

email marketing 2017 trends

“1.2 million uniques in 18 months.”

Sounds impressive.

Looks amazing at first blush.

Until you start reading. Until you start listening.

And then you see it. Spot it from a mile away.

“Raised $XX million from Joe Schmo venture partners” in fine print towards the bottom. Like it was insignificant. Like it didn’t change anything.

Immediately you should see red flags. Instantly you should be put off.

It’s not just the money. It’s the access. It’s the network. It’s the one-line email to a friend of a friend that gets you in touch with every top media property on the ‘net.

I’m not hating. Neither should you. It’s just that the numbers and therefore, the article, become farce. Those “tips” they used. Those “hacks” they employed.

Writing “really great content” isn’t the reason they hit 1.2 million uniques in 18 months. Going from $zero to $millions overnight is. Going from from 10 beta users to 10,000 the next day is, too.

Talent starts listening. Prospects start buying. Journalists start taking notice. Instant credibility hits as a byproduct.

All of those things are great. If you can get them. But you can’t. Because you’re un-funded.

So here’s what you should be doing instead.

The biggest problem facing the unfunded

Raising money isn’t the end goal. It’s also the exception in most cases.

You wouldn’t get that from reading most tech sites. But in reality, out there in the real world, it’s true.

The problem is that if Paul Graham ain’t on your speed dial, you’re gonna need a second approach.

‘Cause the things that work in that tiny, miniscule, subsection of a market won’t work for you. Or me. Or most.

The context is completely different. Which means the strategies, tactics, and campaigns are, too. Or should be, at least.

Here’s an example to make this crystal clear.

Let’s go on a new trip. Pick anywhere at all. New York City sounds fun.

So what do you do first? You don’t go to “Hotel XYZ.” Not initially, anyway. Instead, you go to Expedia or TripAdvisor or Yelp or Hotels.com or Google Travel or wherever.

And what do you look at first, before price?

Names you recognize.

That’s because 59% of people buy from companies they recognize.

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Another study from a different source found the same exact findings.

70% of US consumers look for a ‘known retailer’ when deciding what search result to click.”

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“Brand bias” is way out in front, before pricing for most people.

How about one more for the skeptics out there?

MarketingExperiments.com ran a simple conversion test. They did all the crap A/B tests you hear about on most sites.

They did the headlines the buttons the CTAs the colors and the rest of the junk “experts” say you should be doing.

TL;DR? None of that stuff moved the needle. Not significantly. Not permanently.

One test, however, did.

Except you’re probably not going to like the answer. Not if you’re unknown and unfunded, anyway.

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The test the moved the needle on subscriptions by 40%?

The freaking logo.

“There was no significant difference between any of the treatments. The Boston Globe audience is highly motivated, and putting a button above or below the fold didn’t matter as much as the newspaper’s respected journalism.”

That’s it. All it took was the brand name. Because it’s known. Because it’s respected. Because people can trust it.

Because it’s been established over the past century.

This is the part no one tells you online. This is your biggest problem.

It’s not Skyscrapers. It’s obscurity.

Funded companies (usually) get instant credibility. By association. If they don’t completely suck.

But you gotta get it any way you can get it.

The unfunded doesn’t. There’s no awareness. Which means there’s no trust. Which means nobody’s buying.

Social proof ain’t a gimmick. It’s validation. And you need it. So here’s how you go about getting it.

First, here’s what won’t work for you

All companies have constraints.

It’s time for the funded. They need to go big, fast, now.

It’s money and notoriety for the unfunded. Time? You should have loads of it. You don’t have many customers distracting you, right? 😉

The point is that you don’t have a ticking-time bomb. You might feel pressure to scale to X or hit $Y in revenue in Z months. You might need a certain number to live off. But there’s no pressure to do this by the end of Q3.

Hell, the unfunded has probably never done anything by Q’s in the first place.

So it’s a marathon, not a 5k. And that changes a few things.

❌ SEO is a no-go. Yes, it’s important. But no, it won’t help you in the early going.

Search engines are literally designed to reward entities that have been around the longest, have been cited the most, and already have that big brand name.

All of which you don’t have. And won’t. At least, not in the next few months.

❌ Advertising, too, won’t help you. Yes, it works. Amazingly well if you do it right. Which you won’t. Because you don’t have enough capital.

And even if you did, it probably should go somewhere else, first. Like people. Like design. Like product quality.

Because your product is your marketing today.

So you still need awareness. You still need to build a brand. And you still need customers.

Just realize now, up front, that almost 90% of your options have been eliminated.

Counterintuitively, that’s OK. You can focus now. You can start off in the direction that works with what you’ve got.

1. Align yourself with others

You need eyeballs, leads, and credibility.

Fortunately, other organizations already have those things.

So go get them. Even if it costs you a little more.

Example: Who’s the biggest player in your industry?

If we’re talking B2C ecommerce, it’s Amazon. 44% of all searches start (and end) there. They make up almost half of all U.S. online retail sales.

Walls Need Love, a home decor site you’ve probably never heard of, got their initial break through Amazon.

So too, did The Daily Fairy. “Amazon’s been incredible for my business. I started selling on Amazon in October of 2015, and it’s doubled my sales. What that tells me is that there’s a whole slew of people,” according to Emily, The Daily Fairy’s founder.

Amazon is an obvious first choice. But they’re far from the only option.

Walls Need Love also works with marketplaces like Etsy, Wayfair, Touch of Modern, Fancy, and even Urban Outfitters.

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Right off the bat, Walls Need Love looks for marketplaces that have decent terms (nothing longer than net 30, no restrictive shipping policies, etc.).

But next, they’ll look at promotion options.

For example, some marketplaces will give them advertising options to put them front-and-center on their site. Except instead of charging them out of pocket, they’ll do it as a rev-share agreement.

That means they waste nothing on fruitless ads. They’re not paying for impressions or clicks or any other meaningless metrics.

Instead, they’re only ‘paying’ (or giving up a share of the revenue) when a real buyer comes through their doors.

That gives Walls Need Love what they need most: awareness. It gives them credibility. It gives them recognition.

And it also gives them a shot to re-sell or up-sell to them later to make up that cost.

It’s no different in the B2B world.

Same objective, different tactics.

If you sell any kind of inbound marketing, you’d align yourself with HubSpot. They’re like the Salesforce of the marketing industry. The biggest, brightest, most well-known alternative.

That starts with the certifications they offer.

Sure, you and I know these are mostly useless. I’m not saying the information is bad. It’s not.

It’s just that it doesn’t ‘mean’ anything in real life. Except, to prospects. To potential clients. To people who aren’t as familiar with the ins-and-outs of the industry.

The next stop is a partnership.

Most software companies offer something similar.

Unbounce has an official one. Wistia has one, too.

The Moz one is unofficial, but still impactful.

Personally, I’ve never heard of Mammoth Growth. But they’re an official Kissmetrics partner. So they must be good!

See how this works?

You’re not just another nameless, faceless “marketing company” now. You’re a “HubSpot partner.”

You send a cold outreach email on LinkedIn or, god forbid, you meet someone at a networking event, and you’re an “Unbounce partner.”

All of these programs often offer education, too. They can connect you internally to other companies who’ve been where you’ve been and scaled up.

So you can learn. So you can level up. So you don’t go it alone.

At the very least, you barter. You trade time for eyeballs. You trade expertise for eyeballs.

You do whatever it takes to get eyeballs.

Basically, you need early wins that you can leverage for more future wins. Start with legitimacy and credibility.

Because those pave the way for everything else.

2. Now emphasize those early wins

Here’s how it works in real life.

Someone finds you through a marketplace, a partner, a vendor, a supplier. They find you because you’ve seamlessly aligned yourself with them.

So they check it out. They click and look. You need to reel them in.

Let’s stick with the Mammoth Growth example because they do this better than most.

You hit their website and see this:

Pretty simple and straightforward. A consultation form on the far-right. Some basic copy about what they do and how they can help you.

Now, look over in the upper right-hand corner:

You only get three options.

Home introduces you to everything. It’s the high-level overview.

Case Studies dig a little deeper, showing off the third-party validation earned in the previous section.

Contact is the next step. It’s the thing you need to do next.

And that’s it.

Where’s the corny team page? You know, the one where the agency shows off their “culture” and their “personality” and their “quirkiness” that makes them the perfect hipster crew for you.

It’s not listed. Nowhere to be found.

Instead, the focus is squarely on building credibility.

Scroll down on the homepage and you see more partner badges:

What do these three partner badges tell you? What do these companies have in common?

Mammoth Growth is using these for credibility, sure. But more importantly, they’re subtly positioning themselves.

They have a speciality. They work with specific companies looking for a specific solution. And if you fit that mold, with that need, there’s no one better.

Keep scrolling and you see Testimonials.

Best of all, the people in these testimonials line up with the case studies above. So the work and results become real.

Head towards the bottom of the page and you see more client logos.

Some, again, are the exact same companies. That’s not a knock. It’s clever.

Sports Insights, for example, are featured in a case study, testimonial, and here again at the bottom.

You kill it with five customers out of your first 15. (Let’s be honest, there’s gonna be some losers in the early days.)

Fine! Celebrate those wins like there’s no tomorrow. Highlight the biggest, the best, the most well-known.

Look:

Not once are services discussed on the page. Not once do we delve into pricing. Not once do we figure out if there are two people in this company or if there are 500 across three countries.

But that doesn’t matter.

You see Walls Need Love is featured on the following and you know they’re legit.

Third-party validation isn’t the only criteria. It might be the most important. It gets people to recognize and trust you. That’s more than half the battle.

However, there’s still one subtle difference to launch you on your way.

You won’t get overwhelmed with traffic in the early days. No need to worry about servers going down.

But on the flipside, that also means you gotta convert what you get. Mammoth Growth get this right. The entire site experience is first-rate. Here’s why that’s important.

3. Simple, conversion-based design

Things is a task management app from the Cultured Code.

It wasn’t founded by ex-members of Facebook. It hasn’t raised a Series A, B, C, D, E, or even F. It’s not valued at $100,000,000,000 or some other similarly-fake number.

But it is freaking beautiful.

And that matters when 94% of your first impression online comes down to design.

Things has done the first two steps here brilliantly. They’ve leveraged others. Primarily, through their one thing: design.

Literally every single big review they’ve received mentions it:

But how do you find that? How do you know what that “one thing” should be?

You don’t. Your customers (or potential customers do). Which means you should ask them. Interview them. So you can pre-sell the vision to afford actually building it.

Just under the first homepage section on their site is an introduction video.

The reason here should be obvious.

Video is the best way to show off their primary competitive advantage. It’s something they can control. And it doesn’t require a Series A to pull off.

Almost every single stat shows that video produces the best ROI, grows revenue faster, and is preferred by customers.

Scroll down even further to get simple, transparent pricing plans:

A little further for Twitter mentions to also boost credibility:

And… that’s it.

Once again, no superfluous extras. The main menu only squeezes in the essentials:

“Simple websites” often perform better. Simple as that.

You have constraints. Often, it’s limited resources. It’s limited money and people.

That means you need to put the most of what you’ve got behind fewer things. Which means you need to make sacrifices. Which means you can only afford the essential.

The good news is that aligning those things with what’s proven to work can, well, work. No matter how much is left over in the bank.

Conclusion

Every single company is bound by constraints.

Every single decision maker needs to move the needle with a less-than-perfect hand.

Pocket Aces don’t just fall in the unfunded’s lap. You gotta make your own luck. You gotta pull off some bluffs.

Big bets can put you into trouble too early. You can’t afford to lose on big pots.

Instead, you need to win a bunch of little pots before you’re ready to go after the big ones. You need to capitalize on what you’ve got.

That starts with affiliating yourself with bigger players. Ride on their coattails. Do what they want so you get what you want.

Then, you leverage those first few wins. No matter how small. You put the attention on those things so it takes attention of you.

Next, you make what you have the best possible. Even if it’s not a lot. Even if it’s three pages instead of 100.

Make those three pages the best in the business. The best design, the best copywriting, the best social proof, the best video, the best feature/benefit examples, etc.

The funded can afford to diversify. Literally.

You can’t. And you won’t. At least, not for awhile. So don’t even try.

About the Author: Brad Smith is the founder of Codeless, a B2B content creation company. Frequent contributor to Kissmetrics, Unbounce, WordStream, AdEspresso, Search Engine Journal, Autopilot, and more.

Youtobe

Monday, October 30, 2017

Timely and Relevant Is The Only Message That Matters

email marketing lead generation

During the 2014 Grammy Awards, musician Pharrell Williams was seen wearing an unusual hat:

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Sure, he may have gotten some funny looks, but it didn’t seem like a big deal.

That is, until a certain fast food chain seized the opportunity to craft a clever tweet:

This was a spectacular feat on several levels. Many brands had been unsuccessfully trying to capitalize on the Grammys, but Arby’s nailed it.

It was also a great use of Arby’s social media persona. The restaurant even gained a funny response from Pharrell himself:

Those two Tweets gave Arby’s a colossal amount of publicity, gaining tens of thousands of retweets in a couple of days.

And they did it all with just eight words and a related hashtag.

Why did it work so well?

This smart marketing move had two important characteristics. It was timely, and it was relevant.

The most successful marketing is timely and relevant, and as I’m about to explain, that’s all that matters.

It doesn’t matter if you have millions of social media followers. It doesn’t matter if tons of influencers are promoting your product.

If your marketing isn’t timely and relevant, it won’t succeed.

It’s getting tougher and tougher to do marketing right. People are pickier about what they consume, and they’ll ignore anything that rubs them the wrong way.

If you throw salesy terms at your customers and pressure them to buy, you’re not going to get a lot of conversions.

But if you can build a connection with your customers, they just might turn into lifetime brand advocates.

You need to reach your customers where they are. That’s why timely, relevant messages are crucial for your brand.

What exactly does timely and relevant mean?

First, let’s define these terms.

“Timely” and “relevant” aren’t just buzzwords. They have real implications for your business, and as it turns out, they’re fairly complex.

Let’s tackle timeliness.

Many marketing campaigns are timely but not relevant. Often, these campaigns fail.

Make no mistake––timeliness is crucial. But you can still fail if you send a message at the perfect time.

Consider the Race Together campaign that Starbucks put out in 2015.

The campaign definitely came at the right time. The coffee giant launched it in response to the deaths of Michael Brown and Eric Garner, which had just happened the previous year.

The cases were still in the news, and Starbucks decided to create a dialogue about race. It should have been a match made in heaven, but it wasn’t.

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The campaign flopped quite badly.

The initiative itself was inherently flawed. It didn’t matter that it came at the right time because it just wasn’t the right marketing approach.

The race issue is definitely of intense importance, but the way it was approached was solidly off.

So timeliness is definitely important, but your marketing can’t be just timely. It also has to be relevant.

To be relevant, you have to think about your audience’s current needs, wants, and opinions.

You can’t base your ideas of relevancy off of old trends or data. You have to stay up to date and figure out what your customers want and like right now.

You have to think about what your customers want, where you can reach them, and how you can benefit them.

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If your audience isn’t interested in what you have to offer, they’re not going to listen to you.

If your audience isn’t hanging out in the same places you’re marketing, they’re not going to hear you.

If your audience doesn’t derive any value from your marketing, they’re not going to pay attention to you.

Last but not least, if you want to be relevant, your marketing has to fall in line with your audience’s values.

If you launch an initiative that your customers fundamentally disagree with, you won’t see much success. The same thing will happen if your marketing is insensitive or poorly done.

To sum it all up, relevancy means catering to your customers in as many ways as you can.

When you combine timeliness with relevancy, you get a one-two punch that almost never fails to convert.

The danger of the wrong message

To understand why timely and relevant matters so much, let’s consider some marketing efforts that failed miserably.

One of the biggest marketing fails in recent years has to be Pepsi’s controversial ad that was called “tone-deaf” by almost every media outlet in the world, from the New York Times to USA Today.

The 2017 ad involved TV personality Kendall Jenner taking part in protests and eventually offering a can of Pepsi to police.

Pepsi said the ad was meant to “project a global message of unity, peace, and understanding,” but it fell flat because the ad painted an unrealistic portrait of protests and the interactions between police and protesters.

Like Starbucks’s Race Together campaign, Pepsi put this out at the right time, in the wake of police protests that seemed to divide America, and the company’s intentions were positive.

However, the ad wasn’t relevant. It was far too staged and the situation far too impossible to relate to viewers.

To put it bluntly, the public thought the ad was a ton of crap and spoke out against it. (Pepsi removed the video from their channel, but the re-uploaded version received over 150,000 dislikes!)

The flak that Pepsi received for the ad was more than negative publicity. Pepsi learned the hard way that the wrong message at the right time won’t work, and that was a wake-up call for businesses around the world.

You don’t have to be Pepsi or Starbucks to send the wrong message and alienate your audiences––it can happen to a business of any size.

SaleCycle found that out when its content strategy failed.

The B2B company wanted to produce more content and provide more value to its readers. So far, so good.

SaleCycle started publishing 2-3 pieces of content per week, and their overall content output soared.

However, they focused more on quantity and less on quality.

Even though they had 100 blog posts, just 10 of those posts made up half of their total blog traffic.

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The reason? They were publishing lots of content that their audience wasn’t interested in.

While it may have been timely, it wasn’t relevant whatsoever.

These examples prove that you need both timely and relevant marketing. You can’t just have one or the other.

Being timely but not relevant (or vice versa) is an awkward imbalance. It makes it seem like you’re kind of paying attention to your audience, but not really.

Both the Pepsi ad and SaleCycle’s content strategy were timely, but they weren’t relevant. In both cases, customers felt distanced from the business.

Ultimately, it’s your customers who decide whether or not your message is timely and relevant. That’s why you have to prioritize them.

You have to know your customers

Being both timely and relevant requires you to listen to your customers, get to know them better, and produce content that they want to see.

That sounds simple enough, but how does it play out in real life?

Basically, you have to continually track certain elements of your audience and use customer feedback to improve.

Okay, that still sounds simple. But trust me––there’s a lot to it.

Many businesses think that they can just glance at online reviews or social media posts to create timely, relevant messages.

But here’s the thing – customers want you to know them super well.

But the customer-business relationship is a two-way street. If you’re not doing your part, why should your customers?

So put in the extra effort to build personas, get to know what your audience wants, and cater to them.

Make “timely and relevant” your motto

I hope you’re convinced that timely and relevant are truly the only message that matters.

That doesn’t mean you’re done.

Understanding is only the first step. You have to implement it.

As corny as it sounds, being timely and relevant has to be something you are and not just something you do. (I told you it sounded corny.)

You might tell yourself that you’re being timely and relevant, but if your customers still aren’t happy, then you’re not doing so well.

Pepsi is a perfect example. When it created the disastrous TV ad, it wasn’t trying to deliver irrelevant content to their customers, but they misunderstood the kind of content their customers would connect with.

There’s no doubt that Pepsi thought it was delivering a message that was both timely and relevant.

Just like you probably think you’re delivering the right messages to your customers.

For all I know, you are. But the point is that you can’t ever assume you’re doing the right thing and turn a blind eye to your customers.

If you want to create the most timely and relevant messages, that concept has to be a focus throughout your company.

Everyone on your team should be thinking “timely and relevant.”

Think of Amazon’s mission statement. It’s easy to remember and permeates every level of the company.

Our vision is to be Earth’s most customer centric company; to build a place where people can come to find and discover anything they might want to buy online.

Every Amazon employee knows that this is the goal. In the same way, your entire team should live and breathe “timely and relevant.”

That concept has to guide everything you do.

Your social media team should be thinking “timely and relevant.” Your product manager should be thinking it. Everyone from the interns to the CEO should be thinking it.

If everyone isn’t on the same page, then one person’s efforts could get completely lost in translation.

Conclusion

You care about your customers, right?

Obviously that’s a rhetorical question because you do care about your customers.

But be brutally honest with yourself: When you put out your content, run your shiny new marketing campaign, or release a new product, does that attention to your customers still come across?

The Pepsi and Starbucks fiascos proved that intentions don’t always translate into actions. What begins as a good-natured marketing plan may end up taking a nosedive.

As much as it might hurt to admit, you might be ignoring your customers.

And you might be sending your customers the entirely wrong message, which is directly caused by ignoring your customers.

At the heart of the matter, being timely and relevant is all about taking care of your audience.

If you listen to what your customers have to say and understand what they want, you’ll almost never send the wrong message.

You’ll understand your audience’s wants, needs, interests, and dislikes.

You’ll be able to see what kind of content is both timely and relevant.

To make it even easier on yourself, you can take advantage of Kissmetrics Campaigns.

 

Campaigns was developed with the goal of delivering the right message at the right time. You’re able to send emails based on your users’ behaviors. Essentially, Campaigns is a behavior-based email engine. You find a segment of your audience that needs a nudge, and you create and send your emails in Campaigns.

The engine runs on the fuel of behavioral analytics and segments. Behavior-based emails mean that your emails are much more likely to be timely and relevant to your users.

And instead of relying on basic metrics like opens and clicks, Campaigns digs deep and looks at behavioral analytics.

Is your marketing and content timely and relevant? Have you had issues delivering the right message for your customers?

About the Author: Daniel Threlfall is an Internet entrepreneur and content marketing strategist. As a writer and marketing strategist, Daniel has helped brands including Merck, Fiji Water, Little Tikes, and MGA Entertainment. Daniel is co-founding Your Success Rocket, a resource for Internet entrepreneurs. He and his wife Keren have four children, and occasionally enjoy adventures in remote corners of the globe (kids included). You can follow Daniel on Twitter or see pictures of his adventures on Instagram.

Google

Friday, October 27, 2017

Do You Feel Like You're Failing at Hubspot?

email marketing for business

Did you purchase HubSpot and it’s just not producing the qualified leads you’ve been hoping for? Do you feel like you tried HubSpot and failed?

Let us reassure you—you’re not a failure. Neither is HubSpot.

Sometimes we find that you and your software platform just aren't on the same page, and you need to bring your strengths into alignment. Analyzing what did work for you—and what didn’t—during your Hubspot experience could help you improve your performance and make HubSpot the software solution you need to help your business grow and succeed.

Google

Thursday, October 26, 2017

Using Marketing Analytics to Win at Email Marketing

email marketing advantages and disadvantages

You might be part of the group of marketers that feel as though your email campaigns are missing something.

Only, you’re not sure what they’re missing.

You’ve reversed engineered your competitor’s email campaigns to see what they’re doing, but the truth of the matter is, you will never know the strategy behind their success because you don’t have access to their analytics.

So you end up in a cycle. You create emails, you write good copy and add relevant graphics, just like the guides tell you to, but you still don’t see the kind of results everyone talks about.

Email marketing is consistently one of the best marketing avenues to use.

So why aren’t you seeing the same results?

Many marketers make the mistake of not paying close enough attention to their email marketing analytics.

If you’re a marketer who isn’t using data to fuel and guide your email-marketing campaigns, you’re leaving serious money on the table.

Data allows you to see what does and doesn’t work so you can optimize your emails to perform better.

It’s a tricky, but rewarding process and involves taking raw data and turning it into actionable insights to help improve your email-marketing campaigns. Doing so will put you leagues above your competitors.

In this post, I’m going to explain the importance of using analytics to improve the way you segment your emails, improve the email content you send out and create winning email campaigns.

It doesn’t matter how brilliantly written your emails are, or how many well designed images they contain if you don’t see any results or can’t measure whether your efforts are helping you achieve your overarching goals.

Let’s dive in!

Choosing a Vendor

Looking at the current landscape of email marketing and the software available is often overwhelming.

If you’ve already chosen, and are happy with your provider, move on to the next section.

If we look at the email marketing software market radar below, it’s clear to see there are a number of different vendors to choose from.

Choosing an email service provider largely depends on what you hope to achieve and what feature(s) you’re looking for.

Source: Email Marketing Market Research, Crozdesk

Taking into account vendor size and the strength of the solution may help you evaluate which vendor to choose from based on your business’ personal requirements.

For example, if you’re looking to send automated, triggered email messages, you might use a tool like Kissmetrics Campaigns or you might choose to use a provider like Sendgrid if you’re looking to just send newsletters.

The issue, though, is although your choice of vendor will have some say in the types of campaigns you can run, they only go so far with providing you an honest view of how your campaigns are performing and what you need to do to improve them.

If you are looking to improve your email-marketing campaigns, you need to consider utilizing analytics to provide you with the core insight into how your current campaigns are performing against your preset goals.

Know Your Goals Before Choosing KPIs

Before you begin, think about what you hope to achieve from it.

You need to set goals.

Where most marketers go wrong is thinking their goals should be things like:

  • Increase open rate
  • Increase click-through-rate
  • Reduce the number of people who unsubscribe

Although these are some good metrics to follow (more on that later) they’re not goals.

Your goals should align with your business goals. For example, you might choose to do email marketing in the hope of generating more leads, growing your subscriber base or converting more leads into customers.

Note: you can have more than one goal, but you’ll have to tailor each metric to each individual goal.

When you’ve chosen the goal of your campaign, it’s time to work out which metrics you should be using to track the progress of your goal.

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For example, 73% marketers identified click-through rate as being one of the most useful metrics for measuring performance.

But let’s think about that for a second.

Say you’re the marketing manager at a SaaS company, you might want to increase your open and click through rate.

The problem is, open rate and click-through rates are known as process metrics. They indicate the order of events that occur from when an email is sent to when it reaches the subscriber. But they shouldn’t be goals in and of themselves.

Now if we reframe the situation and change our goal to: increase the number of free trial sign ups.

The reason isolating metrics is counter-productive is because it doesn’t give you the full picture.

Within your last campaign, suppose you increased your clickthrough rate. You might think that’s good, but the key question you need to answer is, did that increase the number of free trial signups? If the answer to that question is no, you need to work out why.

If it did increase the number of free trial sign-ups, can you correlate that to your click through rate? Now, you can see how things like changing your email subject can have a direct effect on your click through rate, which in turn has a direct effect on your conversions.

The key is to not take each metric as an individual number, but to use these process metrics and incorporate them into your overall marketing strategy to increase your revenue, or whatever your end goal might be.

If your goal is to attract more visitors to your website you probably want to focus on growing your subscriber list. So this is the metric you need to be following.

But what if your goal is to increase the number of leads generated? If this is the case, you should be tracking how many leads you’re capturing each day/week/month.

Choosing the metrics to follow largely depends on what sort of business you’re running. A SaaS company might have different goals than an e-commerce company who also might have different goals to a non-profit.

Moving Beyond Basic Data

If you want to win at email marketing, you need to think seriously about your analytics. There is a lot to track, so I’ve broken the core analytics down to focus on into three categories: basic, advanced and expert, with each getting harder to come by as you go up the scale.

Basic metrics

Basic metrics are easily accessible and are also known as behavior metrics. Most basic email service providers will give you some information around these metrics.

They include things like:

  • How many people open your emails?
  • How many people click your links?
  • Which links get the most clicks?
  • What’s the most common time people open your emails?
  • How many people unsubscribe (on average) from each email you send?

You might already be looking at behavior metrics to improve your campaigns.

But you’re ruining your chances of developing a winning strategy if this is the only data you consider.

What’s the point in having 100% open rates if no one purchases? Something has obviously gone wrong and understanding analytics further will help you understand why and where it all went wrong.

An open case for advanced email metrics

The thing about the basic metrics like click through and open rates, they’re basic metrics and simplistic. In that whilst they tell you who opened the email and who clicked through, they don’t tell you much else.

Moving beyond these basic metrics, consider your click-to-open-rate.

This metric tells you how engaging your email content is. It helps you understand whether the content of your email resonates well with your specified target segment. Working out this metric will provide you with a percentage of your subscribers who opened your email and also clicked on a link. It helps give you a clearer idea of the entire story.

So if one of your goals is to create engaging content, your aim should be to increase this percentage. Your click-to-open rate gives you an indication of how your subscribers behaved when they opened your email.

It gives you a complete, holistic view of how your email content is performing. For example, you might have a low click-through rate, but you can still have a solid click-to-open-rate. If you judge your emails on just one metric, you won’t get the full picture.

When you create a Kissmetrics Campaign, you set a Conversion goal. If the users you sent these emails to convert, they’ll count in this converted list. So for example, if you send out an email to people about a sale, you can select your Conversion as “Purchase”. If they read your email, then go on to Purchase, they’ve converted.

Advanced metrics

The advanced metrics looks at the results of your campaigns. They help you answer things like:

  • How many people actually purchased one of your products or services after clicking on your email?
  • How much money do you make on average per email campaign sent?
  • How much (on average) does each subscriber bring you in revenue?
  • How many of your email subscribers convert into an actual lead?
  • What is your ROI?

Expert metrics

Expert metrics are also referred to as experience analysis.

Experience analysis explains why your subscribers do what they do. Expert metrics are important because they show you what drives your subscriber’s decisions and the motivations behind the choices they make when they choose to engage or ignore your email.

Instead of just knowing how many of your emails within a specific campaign were opened, you’ll understand why they have a higher rate.

You’ll have a greater understanding why revenue is higher or lower at certain parts of the year, for example.

Now the issue is, for this area of analysis, you probably won’t be able to gather this data from your email provider. You’ll have to look further afield to get into your audience’s mind and understand exactly what makes them tick.

It’s no lie that understanding the behavior analysis is important, but it only goes so far. If you want real insight you need to know whether the people who are engaging with your emails are doing so because they’re bored on the train to work, or whether it’s because you framed your message right and they’re interested in doing business with you.

Using Your Data

Now that you’ve gathered the right data, it’s time to start listening and drawing the right conclusions.

When you have collated the right data from your email campaigns, you’ll be able to send better campaigns by first creating data-driven customer personas.

You’ll now identify who to target, when and why you should target this person and send them content you know will be useful to them.

For a second, let’s think about our own email inbox. How many times per week do you receive irrelevant emails that seem as though they have nothing to do with you? How many times a week do you consider, or actually unsubscribe from email newsletters?

If everyone used their data to fuel their marketing campaigns, they’d have less people unsubscribing.

Using a tool like Kissmetrics Campaigns will enable you to send automated, triggered emails based on user’s previous behavior. The beauty of these emails is that they’re not cold and they’re not unwanted because they’re based on previous behavior. These emails are in place to nudge the user towards something, whether that be purchasing, logging in, etc.

 

When you start to use the right tools to get the right data you’ll be able to:

Define and segment your audience

Who is your audience, and what sort of emails do they want to receive? When you’re defining your audience, let’s not forget about your original goals from the beginning.

In the example below, Pets At Home, a pet retailer, use the name of the pet within their email copy.

They also ascertain exactly what type of pet you have whether that be cat, dog, rabbit etc. to ensure they only send you relevant targeted emails that you’re likely to open.

personalized email example

If you don’t segment your emails, you will end up sending general emails that attempt to appeal to everyone but end up appealing to no one.

It’s shocking to think there aren’t more marketers segmenting their audience based on data because segmented emails generate 58% of all email revenue.

When you choose to segment your audience you improve the personalization of the emails you send.

You can segment your audience by demographic data such as:

  • Age
  • Income level
  • Gender
  • Occupation
  • Marital status

But most importantly, if you want real success, look at how your audience is behaving and segment based on that in relation to your overall goals we spoke about before. You might consider things like customer type, spending history, adoption status etc.

Targeted, personalized content

Once you’ve segmented your audience, you’ll be able to send specific relevant content to different cohorts of people.

74% of marketers say targeted personalization increases customer engagement.

Target messaging involves having an understanding of your audience and tailoring content and offers that speaks to them at the different stages of their journey with your brand.

In simple terms it means using the information about the audience within that segment to guide your message. If you’re a SaaS company and you have a segment of subscribers who have yet to try your software, sending them an email letting them know there’s another chance to get a free trial will obviously be more relevant than sending that email to someone who is already making great use of your software.

Email Marketing Shouldn’t Happen in Silos

As we’ve said, email marketing shouldn’t happen in isolation to your other marketing efforts, they should all be connected. It should be there to support your overarching, larger goals.

Often, your email audience will be prompted to visit your website after reading an email. It’s important to continue looking at the data once they land on your website to see if the whole cycle from email, to lead to conversion could be improved.

Use a heatmap tool like CrazyEgg to see where your visitors are clicking on and interacting.

Doing so means the hard work isn’t lost by a poor landing page that doesn’t perform.

What’s more, if you’re already using Kissmetrics campaigns, you can use the platform to track website behavior too.

Having a tool that tracks both the way your audience are interacting with their emails and your website will give you a much clearer idea of what is and isn’t working. You’ll not only get to understand the behavior, but you’ll be able to see what they actually did on your site and see exactly who they are.

Testing and Analyzing

Even after you’ve defined your overarching goal and the metrics you need to follow to achieve that, you should always be testing.

Because your email-marketing campaigns are now data-driven you will have a clearer idea of what elements you should test.

Focusing on the data will give you a clearer idea of what elements you should be testing.

If your goal is to increase landing page sign-ups, you might decide to track your open and click-through rates.

If you notice you have low open rates, but high click through rates, that should tell you that the content of your email is good, but you need to improve your subject like to encourage more of your subscribers to open your email.

Analyzing your results in this way will improve your campaigns.

It will give you a clearer idea whether or not you’re focusing on the right metrics and also whether the things you’re doing to improve your campaigns are actually working.

In short, look at the metrics you’ve chosen, compare those to the desired goal and devise a list of ways to improve next time.

Takeaways

How do you measure your success? Do you look at your open and click rates? Do you look at the number of people who unsubscribe and hope it’s lower than your last campaign?

If you do any of these things, you’re utilizing the basic core metrics most email marketer’s use.

But you’re ignoring the most important and critical metrics that will actually enable you to improve your email marketing.

Finding data isn’t hard and most email providers will offer some sort of analytics data in order to understand how your current and past campaigns are performing.

And for some marketers just looking at your open rate or click through rate is perfectly ok.

But what challenges most email marketers is finding advanced data and finding specific data to make the right changes to campaigns.

This post outlined how to define email marketing goals and use those goals to define which metrics you should be concerned about.

I’ve also explained why you need to look beyond the basic metrics to gain helpful insights into your subscriber list and how they behave.

So, now you should be able to leverage your own email data to improve how your email-marketing campaigns perform.

What ways have you utilized email marketing analytics to your advantage? Leave a comment below.

About the Author: Jordie Black is a content marketer and strategist helping startups and SaaS companies in the B2B space improve the way they connect with their audience through content. Learn more about her at www.jordieblack.com or follow her on Twitter @jordieiam to keep up with her updates.

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