Wondering why email marketing is important? Then you have come to the right place.
Email marketing is a powerful yet budget-friendly marketing tool. It's demonstrated to yield remarkable results for marketers without incurring substantial costs.
As platforms and media continue to evolve, email marketing tools empower businesses to connect with customers more effortlessly than before.
Below are my top nine reasons highlighting the importance of email marketing and how it can benefit your business.
What is Email Marketing?
Email marketing is the use of email communications within a marketing strategy to achieve specific business objectives.
These emails serve various purposes such as generating sales, fostering customer engagement through newsletters, acquiring new customers, building brand awareness, and rewarding customer loyalty.
Email marketing enhances communication and awareness for existing clients and customers, while for potential customers, it acts as a means to entice and attract them through outreach efforts.
Effective email marketing campaigns are meticulously planned based on modality, audience, and objectives. Whether it's onboarding new customers, reengaging inactive ones, or guiding leads towards conversion, each campaign is tailored to its unique goals and approaches.
Related: Is Email Marketing Legit?
7 Reasons Why Email Marketing is Important
Here are seven main benefits of Email marketing for your business.
Retain Customers
In the grand scheme of things, retaining customers holds equal, if not greater, importance compared to acquiring new ones.
Building loyal customer relationships is increasingly challenging in today's competitive landscape, making quality and impactful email marketing strategies crucial.
A key approach to customer retention is through robust customer care practices. In retention-focused emails, it's imperative to demonstrate value to customers, ensuring they feel appreciated and benefited.
This can be achieved through promotions, exclusive offers, personalized discounts, and more, all aimed at enhancing their experience and loyalty to your brand.
Collect Donations
Many businesses often collaborate with charitable causes as part of their marketing strategy. For instance, if your business partners with a charity, you might consider sending donation links to individuals who have subscribed to your mailing list or made a purchase.
However, it's crucial to strike a balance and ensure that these donation emails are not overly frequent. Excessive donation requests can potentially detract from the effectiveness of your campaign and negatively impact its overall success.
Tailor Content to Your Target Audience
Many marketing strategies struggle to cater to diverse audiences simultaneously, but email marketing offers a solution. By properly segmenting your email list based on customer preferences, you can effectively tailor your campaigns to meet the needs of various segments.
This ability to customize content and target specific groups underscores the significance of email marketing, especially compared to other marketing methods that may find it challenging to achieve such personalized outreach.
Keep Your Customers Informed
Maintaining a seamless customer journey is essential to cultivating customer loyalty. If customers encounter obstacles or dissatisfaction with your product, service, or brand, their journey may come to an abrupt halt.
Therefore, it's crucial to keep them informed about your brand's activities and future plans to sustain their interest and engagement. By doing so, you can ensure that their journey concludes on a positive note, fostering loyalty and satisfaction.
Drive Traffic to Your Website
If boosting website traffic is your goal, a well-crafted marketing email can be one of the most effective methods, provided it's compelling.
An unappealing email subject line, for instance, increases the likelihood of it being ignored or deleted without being opened. This means missed opportunities for potential customers to visit your website.
Improve Your Brand Recognition
For small businesses, garnering visibility poses a significant challenge amidst fierce competition for advertising space, particularly in the online realm.
However, email marketing serves as a valuable tool to introduce potential customers to your brand and increase awareness of its existence.
Improve Sales and Other Marketing Channels
If you execute your email marketing campaign effectively, you're likely to achieve a high click-through rate, especially with emails sent to subscribers who have voluntarily signed up. However, it's crucial to avoid overly aggressive sales tactics. Customers often find such approaches off-putting, leading to unsubscribes or even marking emails as spam.
Resorting to bypassing spam filters is unethical and can damage your reputation. Conversely, if your strategy is too passive, you risk missing out on potential sales opportunities.
Experimentation is key to finding the right balance between being too pushy and not assertive enough. While you may experience some loss in sales during this process, the insights gained are invaluable.
Conducting surveys through email
This type of email is most effective when targeted towards existing customers or those known to be relevant to your business. Cold emailing randomly is unlikely to yield positive results.
Surveys serve as valuable tools for gathering insights and implementing necessary changes. They can help assess various aspects such as website navigation ease, customer likelihood of revisiting the site, satisfaction with pricing, and more.
It’s Affordable
Certainly, we understand your anticipation for this aspect. Email marketing offers the remarkable advantage of reaching a vast audience at a minimal cost.
The cost through email marketing is exceptionally low, making it a highly attractive option for businesses. It's surprising that not every company actively engages in it.
For instance, SendGrid's Platinum Marketing Email level costs only $0.0006 cents per message, illustrating the affordability of email marketing services.
MailChimp provides the added benefit of allowing up to 12,000 emails per month for free. They also offer scalable monthly plans to accommodate growing businesses, with options for up to 600,000 subscribers.
Similarly, Vertical Response offers free email marketing for up to 4,000 emails per month and 1,000 email contacts. Additionally, they provide subscription services tailored for higher-volume senders.
Conclusion: Why Email Marketing is Important
If you’re considering using email marketing into your business strategy or assessing the effectiveness of your current email program, I hope this article has provided valuable insights into the potential benefits of email marketing.
While the advantages outlined are both well-documented and attainable, it's essential to emphasize the importance of having a robust execution plan for your email marketing endeavors.
Additionally, perseverance and patience are key; results may take time to materialize, so it's crucial not to abandon your efforts prematurely.