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Case study: Increased Email Marketing Activity Drives Online Sales Up 58%
Did you know that more than 294 billion emails are sent daily?
How many unread emails did you wake up to this morning?
Email marketing is big business. In 2011, email marketing brought in an average of $40 for every $1 spent and this year, US retailers are expected to send more than 258 billion emails.
The ROI of Email Marketing
Well, a recent survey held by MarketingSherpa asked participants to estimate the return on investment (ROI) from their email marketing campaigns. The response was incredible, with marketers claiming an average ROI of 119%.
Schoffa, one of Finland’s fastest growing retailers for men and women’s dress shirts have seen their online sales rapidly increase since implementing a more frequent email marketing strategy.
Email marketing is a channel all marketers use, yet as much as 97% of businesses get it wrong. It’s common for brands to send one email to their entire subscriber list with a link to their home page and then expect sales to flood in. This is not the best approach to take and ultimately leads to a failed sales channel.
Email marketing is the most preferred channel
In April 2012, I wrote a blog post titled “Is email marketing still relevant in a world full of social networks?”. Due to increased social media marketing spend and an increase in the number of Facebook success stories, I came to the conclusion that email marketing was on its way out of the online marketing matrix.
I was wrong. In fact, a few months later, research came out that email was the most preferred method of marketing communication with more than 77% of consumers choosing email marketing as the preferred method of contact from a brand. The second most preferred method was direct mail with only 9%.
Lessons learned from the top 10 converting websites
One of the most insightful white papers I have ever ready is the Top 10 Converting Websites report from SeeWhy. The report explains why the top converting websites in the world are able to reach conversion rates of more than 35-40%! This is compared to the average conversion rate for an e-commerce site being 1-2%.
The reasons why sites could convert more visitors into customers include:-
- Provide excellent customer service
- Offer a wide range of products
- Focus on customer lifetime value
- Email marketing & Remarketing
By implementing the same strategy as Amazon, Office Depot and Pro Flowers (capturing the email address!), Schoffa was able to use email in a more strategic approach, which helped sales increase by more than 50%!
In the last 6 months of 2012, Schoffa sent 8 emails to their subscribers. During the first three months of 2013, Schoffa has sent out 14 emails. Your first response will be, how well are these emails performing?
The results of a sample of newsletters sent in in Q1 can be seen in the following table:
The statistics remain pretty consistent even though the frequencies has increased the subscriber base has grown.
What have we done differently?
- We now send out one email per week
- We send out the email on the same day and time each week
- The emails are more text based than image based
- The emails include a greeting and sign-off from the CEO
- The sender name is the CEO’s name
- The emails include multiple links to relevant sections on the website
The impact of frequent and personalized email marketing
The first quarter of the year has been exciting. Although the increased email marketing efforts were expected to produce great results, the overall performance has been beyond expectations. The results are as follows (compared to Q1 2012):
- Subscribers list has increased 31%
- Web traffic has increased 32%
- Online sales have increased 58%
- Average order value has increased by 245%
Capturing the email address of a web visitor is one of the first things you should focus on for your website. Once you have an email address, you can target more personalized offers to your reader, which results in higher customer satisfaction levels and increased profits. The days of ‘one-size-fits-all’ are long behind us and when implemented successfully, email marketing is quick, easy and highly effective!
How often do you send emails to customers? Do you think one email per week is too much?
Feel free to comment below.
If you enjoyed reading this post, you might also like:
How to Track Organic Keyword Goal Conversions in Google Analytics
Tracking revenue generated from each organic keyword is a common report ran by SEO’s for e-commerce stores. Google Analytics E-Commerce Tracking is a powerful report that makes budget allocation a lot easier as you can see which channels generate revenue.
Lead generation websites are different. There is no on-site sale, no e-commerce tracking so therefore SEO’s need to be able to report the number of leads generated from their search efforts. The basic report in Google Analytics allows you to track conversion rate for any given keyword, but SEO’s also need to see which keyword generates the most leads by number, not a percentage. The following explains how to set-up a custom Organic Keyword Conversion Tracking Report that provides data on visits, organic searches, goal completions and goal conversion rate.
1. Goal Tracking In Google Analytics
Before creating this report, it is important to have goal tracking implemented. Without website goals, your analytics loses purpose. Whether your websites goals are sales, to capture leads or download a PDF product sheet, the goals of your website should reflect your overall business goals. Setting up goals will show you exactly how many goals were achieved but also how they were achieved and through which channels.
To create a filter, you can visit Admin > Account List > Analytics profile > Goals
The most common goal is URL destination. For example, if you want to track the number of newsletter sign-ups on your website, once the newsletter form is submitted, the “thank you” page URL is usually http://www.domain.com/thank-you. In this case, you would enter /thank-you and click save.
2. Setting Up The Keyword Conversion Tracking Report
To create the Organic Keyword Conversion report, you will need to visit Traffic Sources > Search > Organic and click Customize:
To create the report, you will need to add metrics to Report Content. The metrics you need to add are:
- Visits
- Goal Completions
- Goal Conversion Rate
- Organic Searches
Note: If you do not add ‘organic searches’, the report will include keywords from your paid search campaigns.
You will then need to add ‘keywords’ to the Dimension Drilldowns section (you can ignore ‘filters’).
You can now apply the Organic Keyword Conversion Tracking report to all profiles within your Google Analytics account and then click save.
3. Getting The Keyword Conversion Tracking Report Data
Once the report has been saved, the data will be presented.
The report will show keywords based on visits to the website. You can filter by goal completions and to view all keywords that convert, change rows from ‘10’ to ‘100’ found at the bottom of the page. As per usual, the report will automatically show data for the last 30 days.
4. Exporting The Keyword Conversion Tracking Report Into Excel
Once you have the data, you can then export the Keyword Conversion Tracking Report to Excel and filter the report by branded and non-branded converting keywords. You can also use this data to find any increases in organic leads and view the progress of your SEO efforts.
The Keyword Conversion Tracking Report is a simple yet powerful report you can create to showcase your SEO investment is paying off.
Do you have any tips for custom reports in SEO? Feel free to comment below.
How to create an organic keyword goal conversions report in Google Analytics Tweet this!
2013 advice from 7 world leading online marketing authorities
What will you focus on in 2013? We asked 7 online marketing authorities for their best tips. Here’s what they said.
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Brad Geddes | CertifiedKnowledge.org
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Rand Fishkin | SEOmoz
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Bryan Eisenberg | Best Selling Author
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Neil Patel | CrazyEgg & KISSmetrics
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Ben Jesson & Dr Karl Blanks | Conversion Rate Experts
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Stephen Pavlovich | Conversion Factory
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Linda Bustos | Get Elastic
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What is your best marketing tip for 2013? Feel free to comment below.
Getting started with email remarketing campaigns
7 out of every 10 customers abandon their online purchases, resulting in over 300 billion dollars of lost E-Commerce sales each year. The top 5 reasons for abandoning are split between price and timing. If a visitor leaves the shopping cart and does not return within the first hour, the probability of them returning to complete the sale is reduced by 90%.
With 90% unlikely to purchase from your site within the first 60 minutes of leaving, this means you have a very small window of opportunity to make an impact. Executing an effective remarketing campaign is difficult and why only 26% of e-commerce sites remarket.
Remarketing to web visitors that abandon your shopping cart is at the top of US marketers activity list, according to E-Consultancy, One of the main reasons for this is a recent report from Forrester Research that found that remarketing emails can generate nearly 4 times more revenue and 18 times greater net profits compared with marketing using simply non-ntargeted mailings.
Shoppers that abandon your website are visitors that almost purchased from you. It’s no surprise that real time, personalized emails within the first hour at highly effective. The more personal and relevant the email campaign is, the more likely the shopper will convert.
Many shopping cart recovery emails under perform because they look either like generic promotional emails or automated messages. Based on research from SeeWhy and E-Consultancy, there is a formula to getting the best out of your remarketing campaigns. Here are five tips for effective email remarketing:
1. Send your email remarketing campaigns within the first hour of abandonment in order to keep your brand at the forefront of the customers mind. Remember, they almost bought from you.
2. Personalize and tailor each remarketing campaign to the abandoned shopperr. Address them by name and offer your support in helping the visitor purchase your product or service. They may have left due to a technical error and are in need of assistance.
3. Tell your customer when his/ her shopping cart will expire. Make it clear that you will save the product/ service and you are happy to keep it until X(eg. 30) days before you put it back on sale on the site.
4. Show which item is in the shopping cart to remind the abandoned shopper what they almost purchased. Provide a clear image of the product and support it with guest reviews within the email.
5. Make your call to action prominent and link directly to the saved shopping cart. You want your abandoned shopper to see where to click within the email and that they arrive at the shopping cart checkout page. Do not send your shopper to your home page. Make it as easy as possible.
As online marketers look to find new ways to generate traffic and sales, get ahead of your competition and implement remarketing. For best in class campaigns, each email sent will probably be your most profitable campaign, generating up to 100 times the return that you would expect from a regular email campaign.
How you seen a significant increase in conversion rate since implementing email remarketing? Please share your comments below.
Stop wasting your online marketing budgets!
Every day executives all over the world are making decisions based on bad data. Reporting accurate data is one the most important aspects of your business. You cannot effectively market your brand or increase revenues if you are reporting the wrong information yet companies do not prioritize accurate reporting. This blog post will look at the value of reporting accurately within your organization and help you spread this message internally.
35% of marketing budgets are wasted annually
In April 2012, Experian released a report titled „The data revolution – liberating lost budget“ that analyzed wasted spend to cost companies as much as £1 million in additional profits compared to those who accurately reported data.
Of the 900 companies surveyed, 55 per cent cited revenue generation as a driver for better data quality. Inaccurate data is forcing you to waste budgets and costing you profits. Further insight by Experian into inaccurate data reports:
- Globally, businesses estimate a loss of 6% of annual revenue due to bad data
- 89% of companies believe their budgets are being wasted due to inaccurate data
- 96% of organization view data accuracy as essential yet nearly one-third don’t enforce it
- 92% of business believe that some aspect of their data is flawed
- 77% of companies confess shortcomings in data quality have an effect on their bottom line
- 63% of respondents believe that up to 35% of marketing budget is wasted due to bad data
- In the US, businesses admit to losing 7% of revenue due to poorly managed customer data
Accurate data is a competitive advantage
With many brands struggling to report accurately, being able to analyze accurate data is now a competitive advantage. In 2012, only 15% of companies have set a target of 100% accurate data as a goal.
By generating timely and accurate data about your business, you can identify and prioritize existing problems. With more than £1 million in additional profits potentially being missed out on, your business can no longer afford to report inaccurate data. Viva la data revolution!
Have you improved your bottom line by reporting accurate data? Feel free to add your comments in the box below.
Source material:
- How to Stop Bad Data from Wrecking your Marketing Budget [November 2010]
- 20% of budget wasted by poor data [April 2012]
- The Impact of Contact Data Quality [August 2010]
- The Data Revolution: Liberating lost budgets [April 2012]
This post was written by Steven Macdonald. You can find more about Steven in the About Tribes section.






























