Masters of Marketing -- Stats That Matter

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In the October 16, 2014 Masters of Marketing webinar, AgencyBuzz Product Manager Jennifer Fitzsimmons discussed the meaning and significance in knowing your email marketing statistics.

Transcript of Masters of Marketing -- Stats That Matter

Page 1: Masters of Marketing -- Stats That Matter

Stats That MatterWhat do your email marketing stats mean and how can you use them to make your campaigns better.

Jennifer FitzsimmonsAgencyBuzz Product Manager

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Email Marketing Stats That Matter

Let’s look at the basics first, then move to success metrics to help improve your campaigns moving forward

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Open Rate• Average Open Rate is between 14-22%

• 2 Major Factors to consider:• Time of Day• Day of the Week

• Content is also a huge factor

• Use Predictive Sending in AgencyBuzz

• Subject Lines – Watch for spam traps• Chill out on the EXCLIMATION POINTS AND ALL CAPS!!!!!!!!!!• Do not use SPoRaDic CaPitAliZatIon and <3 L!m!t the @m0un+ of

$ymb0ls you use <3 – hard to read and a spam indicator for ISPs.

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Click Through Rate (CTR)

• Average CTR is 2-5%

• Use split testing to find the most compelling Calls to Action• Whatever the goal of the email, the CTA should reflect that clearly

• Use ONE call to action per email

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Bounce Rate

• Hard Bounce – Email Address Does NOT Exist

• Soft Bounce – Email is Temporarily Unavailable

• Follow up with hard bounces to get better data

• DO NOT USE BOUGHT LISTS

• Keep clean and up to date data for better bounce rates

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Unsubscribe Rate

• Keep this number below 1%

• Use Split Testing to help your unsubscribe rates

• Segment your lists

• What is your objective? Don’t have one – don’t send the email

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List Size

• Smaller lists means you’re most likely sending to a very devoted list of contacts

• Larger lists mean you may have lower CTR or Open Rates

• Segment, segment, segment

• Clean your lists

• Use email gated items to grow your lists

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Deliverability Rate

• This is not the number of emails that landed in their inbox, but were simply successfully delivered to an email address

• This is not the open rate either, this is to show you the number of delivered vs. opened – without the delivered rate, you cannot calculate the correct percentage for all other rates

• A low deliverability rate needs IMMEDIATE attention

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Conversion Rate

• This calculates how many of your delivered emails generated a transactional event

• You’ll have to create this rate on your own using your stats from your email marketing program and your management system, website, and other monitoring reports

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Historical Comparisons

• Compare your current campaigns to past campaigns

• Track Year-over-Year, Month-over-Month, Send-to-Send• Year-over-year refers to comparing one year of data to the

previous year of data

• Month-over-month growth rates are change in respect to the previous month.

• Send-to-send growth rates are change in respect to the previous send.

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Monitoring is the most important element in your email marketing

• Sending without checking your stats is pretty useless• How will you know your message is being received?

• How will you know how you can make campaigns better?

• How will you know that you have out of date data?

• How will you measure ROI?

• How will you measure how many resources you should devote to email marketing?

Have questions? Give me a call – 800.383.3482 x136 – or send me an email at [email protected]