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Does Your Business Pass This Test?

All the creative marketing and clever public relations programs in the world won’t be successful long-term unless:

  • You offer a product or service for which there is a sustainable market because you solve a problem, satisfy a desire or meet a need.
  • You offer your product or service at a price that exceeds its perceived value to the customer.
  • You practice exceptional customer service.

Before embarking on expensive, time-consuming campaigns, make sure your business fit this profile.

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Competing on Price is Always a Bad Idea

The temptation for many small businesses owners is to entice customers with “the lowest prices.” After all, everyone is looking for a bargain, right?

Competing on price might result in some short-term success, but it ignores the categories in which you can distinguish yourself long-term: value, quality, knowledge, customer service, training, and the ability to solve problems, to name just a few. Competing on price alone causes customers to see you – and your competition – as offering identical products and/or services.

Sure, offering the lowest price can help you close a sale, but does it gain you a loyal customer, one who will return time and again to buy from you? In reality, all you’ve done is complete a cold, calculated transaction, another line on the balance sheet. There’s a huge difference between completing a transaction and building a relationship with your customers.

Maybe that “customer” will return if you continue to offer the lowest price. And if the competitor down the street lowers his price? Well, goodbye customer. Are you going to lower your price to woo that customer back? Will they ever feel comfortable paying full price again?

Here’s a suggestion…don’t focus on price. Instead, listen to your customers, learn what they need, how you can make their lives easier and more satisfying. Price should be the last thing you talk about. If you can solve a problem or fulfill a need, price is almost irrelevant.

Your job as the business owner is to find out what the customer wants and needs. Ask lots of questions, then use the benefits of your product or service to show how you can save the customer time and money, or make their life easier and better.

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Timing is Critical in Email Marketing

While most email marketers spend considerable time crafting their messages and managing their lists, little thought is given to the timing of their email. However, a recent study by Pivotal Veracity suggests that the timing of your email is equally important.

sinking-clock

Pivotal Veracity’s Engagement Index Q1-Q309 report found that the average elapsed time between when messages are first sent and when they are first seen has grown from 23.2 hours in January 2009 to 25.9 hours in August. “If you’re mailing time sensitive email campaigns you should consider that the average consumer would not see your email for more than 24 hours,” according to the report.

The time between when a consumer sees the message and when he or she reacts is also growing longer, the company found. This suggests that timing is becoming more important than ever as email marketers find themselves competing for customers’ attention, not only against other email messages and spam but also social media and mobile phone content.

Time of day is also important in the success of an email campaign. If it is B2B, morning is an optimal time, as most desk-bound workers start their day by going through their email inbox, according to B2B Marketing Magazine. The problem with morning is that recipients could be more focused on the priorities of the day than your message.

As the day progresses, users tend to have more intermittent interactions with email – shorter in duration than the start-of-the-day episode, the magazine said. Between 2 p.m. and 3 p.m., users are likely to have five individual episodes of three-to-five minutes apiece, compared to the 8 a.m. to 9 a.m. period when they are more likely to have a single episode that is substantially longer. “On the face of it, this would appear not to work in the marketer’s favor, but your message may be the welcome distraction from an otherwise busy day,” according to the magazine.

Pivotal Veracity’s Email Engagement Index is based on multiple proprietary data sources that are aggregated and analyzed monthly across authenticated mailer domains.

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Quality, Not Quantity, Determines Email Success

Want to know the quickest, easiest way to alienate you hard-earned email distribution list?

Bombard them with irrelevant, self-serving, poorly designed emails. It’s a recipe for a quick click of the “delete” or worse yet, the “spam” button.

As the email marketing industry has become more sophisticated, so too have the expectations of your recipients. They want to be educated, informed and entertained. If you do that consistently, they won’t mind the occasional sales pitch dropped in, especially if you are offering products and services they need and want at a price that meets or exceeds their perceived value.

Here are five tips to keep in mind when planning and executing your next email campaign:

Focus on being relevant and offering value: Keep your customers’ needs in mind. Will they appreciate what you are sending? Will they understand its value? Keep the message simple and the layout clean so there are no distractions.

Make It Eye-Catching: The process of getting someone to read and react to your email starts with an intriguing Subject Line and a familiar From Line. Even if those two critical components are on target, you still have only a few seconds to catch and hold your readers’ interest. Think of it like a billboard on a superhighway. Make sure your brand is easily identifiable, the offer is clear, and the call to action strong.

Be a Tease: Use only one or two paragraphs from a longer article, then drive traffic to your website by including a “Read More” tag. Snippets are easier on the eye and don’t discourage readers by forcing them to plow through dense mountains of information.

Opt-Ins Are Like Gold: The temptation might be to build your list quickly with unscrupulous tactics on the theory that bigger is better. Resist that temptation at all costs. Better to send your emails to a smaller list of people who actually want to read them than to a bunch of faceless email addresses. Consistently poor deliverability is a no-no for most email service providers.

Take Time to Build Your List: Highlight the benefits of being subscriber, then give people an easy way to sign up to receive your emails. Offer an incentive — a special report, a discount, or some other tangible product – to encourage people to subscribe. It may take longer that buying lists or using using shady tactics to harvest email address, but the results will be far better in the long run.

Here’s the bottom line – quality will be rewarded, quantity will not. If your ISP doesn’t flag you as a spammer, your recipients will ignore you. Either way, your email campaign will fall flat and you’ll be left wondering why.

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7 Key Strategies for Your Next Email Marketing Campaign

Email is a powerful tool for marketing good and services. While the options are virtually unlimited, there are a handful of best practices that every email marketer should stick to:

Be Personable
You wouldn’t just walk up to someone you know at a cocktail party and say “Greetings” would you? No, you’d address that person by name. Same with your email marketing. Include your subscriber’s name right at the beginning. Studies have shown that emails with a personal greeting enjoy a much higher response rate. It’s human nature – people love being addressed personally. It makes them feel valued and appreciated. A simple “Hey Joe,” will go a very long way in increasing the response rate.

Think Like a Headline Writer
Most people make a decision about whether to read a story based on the headline. If it sounds interesting or informative, readers will give it a shot. The same is true for email subject lines. Avoid the boring, easy-to-ignore “ABC Co. Newsletter – September Issue.” That’s not going to entice anyone to open it. Instead, include a benefit in the subject, something that will pique a reader’s interest to the point of actually opening your email. How about something like this: “Improve Your Bottom Line in 3 Easy Steps” from ABC Co.

Always Include an Unsubscribe Link
Hard to believe, but some emailers still refuse to include an unsubscribe link in every email or make it so inconspicous and difficult to use that people don’t notice or give up after a handful of clicks. Beyond just being courteous, it’s also a legal requirement in the United States. And if that’s not enough, including an unsubscribe link can help keep your list clean and your deliverability high. You don’t want to waste time marketing to people who have no use for what you are offering. Make sure your unsubscribe link is clearly visible and easy to use.

Text Links vs. Image Links?
Everyone wants to produce emails that are visually attractive and graphically robust. But some research shows that bold, blue, underlined text links draw a better response than images that need to be clicked. Although image links are okay, text links are a more effective way to get readers to click-through to your strategic landing page.

Write Clearly
Make sure there are no spelling, punctuation or grammatical errors on your email message. Make your point and move on. Your message, especially on the web, has to be clear, concise and compelling. Readers won’t put up with rambling, disjointed, jargon-filled essays. Oblivion is just a mouse-click away.

Provide Additional Connections
Make sure the links to your social media profiles appear in all of your emails – you can add them as content blocks in your HTML newsletter and in the email signature of your individual emails.

Be Consistent
I know I’m a drying breed, but I’ve come to expect my newspaper to be delivered at about 6:30 every morning. If it’s even a couple of minutes late I get antsy. As long as you are delivering an email that is useful to your readers, they, too, will come to depend on it. They’ll look for it at a certain time and a certain day. The same rules holds true for your enewsletter design. When my newspaper changes its look, it takes me a while to get accustomed to familiar features in different places. Don’t change your design every other issue and keep your “From” field consistent, Minor tweaks are ok but people tend to prefer routine rather than surprises.

If you have any other best practices for email marketing, I’d love to hear about them.

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