The Right E-mail Tactics Can Make Holidays Merry for Retailers
The holiday buying season is around the corner, and e-mail is more important than ever in the retail marketing mix for both existing customer lists and prospecting e-mail lists. Marketers planning for fourth quarter success may want to check plans against the “Ultimate Guide to Holiday E-mail Marketing” post offered by Campaign Monitor for some basic strategies and examples.
Leverage Online Buying, Mobile and Personalization Trends
Targeted e-mail marketing is positioned to capitalize on three big retail marketing trends: online buying, mobile commerce, and personalization. Four out of five Americans are now online shoppers, per Pew Research, so marketers will want to join the 41% of retailers that use “Buy Now” buttons in their e-mail marketing to link shoppers directly and quickly to online purchase pages. Mobile-optimized e-mails (linked to mobile-optimized landing pages) will also deliver more dollars because half of those online buyers make purchases using a mobile device. Sales on both Black Friday and Cyber Monday in 2018 surpassed $2 billion, breaking the previous record set in 2017, and, according to Movable Ink, 76% of Black Friday e-mails and 63% of Cyber Monday e-mails are opened on a mobile device. Finally, now that personalization is demanded by consumers across channels, quality e-mail list data and segmentation can create the personalized e-mail messaging that delivers six times higher e-mail transaction rates, that converts 202% better than default e-mail calls to action (per HubSpot), and that generates a median e-mail ROI of 122% (per Instapage research). And don’t forget that personalized e-mail subject lines generate an average of 50% higher open rates (per Oberlo data)!
Start by Crafting Subject Lines that Get Opens
Indeed, the subject line is the first step in getting an e-mail noticed and opened. And on the subject of subject lines, Campaign Monitor has distilled some key tips. As noted above, personalize the subject line to boost open rates, using list data such as first name, for example, as well as relevant messaging based on purchase history, geography, gender, site actions/browsing, etc. Keep the subject line short but pack in “power words” that tap emotions and drive action, including sales-driven words (deal, promotion, discount, savings, free shipping); time-urgency words (order now, limited time, today only, last minute, exclusive); holiday references (12 Deals of Christmas, Season’s Greetings); and gratitude expressions (Thank you, appreciation, your support). Try engaging with a question (Need gift ideas?) or an eye-catching emoji. Brands using an emoji in their subject lines report a 45% increase in unique open rates, per Experian. Including an enticing offer in the subject line can help grab opens, too. For example, a mention of free shipping gains the interest of 74% of consumers, per UPS.
Use Holiday Messaging That Drives Action
Research shows e-mail creative earns more click-throughs and conversions by making the call-to-action prominent via an eye-catching button with short text (Buy Now, Save 40%). Make sure the button has a trackable link to a landing page where the recipient can buy the specific offer in the e-mail rather than a home page or generic purchase page where prospects must search for the offer. Overall, messaging can use holiday shopping fever to heat up response with tactics such as offering a gift buying guide, pumping a Cyber Monday or Black Friday sale, offering a special gift for referring a friend, incorporating a traditional or pop-culture holiday theme, or catering to panicked last-minute shoppers (In 2015, the average shopper had only completed a little over half their shopping list two weeks before Christmas). For inspiration from real e-mail examples, go to the Campaign Monitor article.
Most Nonprofits Upbeat on 2019 Fundraising Growth
The most recent survey of nonprofits and donors by the Nonprofit Research Collaborative (NRC), a coalition of professional fundraising associations, finds that 60% of respondents expect to raise more money this year than they did in 2018! That’s encouraging news for AccuList’s many fundraising clients as they head into their key year-end giving campaigns.
Tax Law Impact Not As Averse As Expected
Many fundraisers feared the new tax law would undercut giving, but the survey found that only a 17% minority reported a negative impact from the tax changes, and only 16% of donors said they would change the amount or method of their gift this year because of changes to the tax law. It is true that certain continuing tax trends prove challenging for fundraisers, such as bundling or bunching, in which donors provide multiyear support but give a large donation for an itemized filing in just one tax year and then skip contributions in the following year or years. Since most nonprofits rely heavily on year-end gifts from loyal donors, the bunching is problematic. Still, only 30% of nonprofit respondents reported that some donors were bundling.
Feared Donation Drop Doesn’t Materialize
Based on various reports of reduced giving, many nonprofits were concerned about fundraising growth, yet the NRC online survey of individual donors in March of this year found 56% said they gave the same amount in 2018 as in 2017, 33% gave more, and only 11% gave less. As a result, 63% of fundraisers said their charities did raise more money in 2018 than the previous year. Overall, 73% said they met their 2018 fundraising goals. It’s no wonder most fundraisers (60%) are confident they will raise even more in 2019. Not all charities participated equally in 2018 growth, of course. Charities with budgets of $3 million to $49 million reported the most fundraising increases in 2018 over 2017 levels. And environmental and animal charities in particular were most likely to meet 2018 fundraising goals.
Multi-Channel, Multi-Contact Strategy Remains Key
Melissa Brown, author of the report and manager of the NRC, stresses that the upbeat forecast for fundraising needs to be undergirded by targeted, relevant, engaging direct mail and e-mail contacts. While most channels remained essentially flat in 2018 in terms of dollars raised compared with prior years, direct mail fundraising growth dipped slightly, with 41% of charity respondents saying they saw growth in fundraising through direct mail compared with 50% in 2017. Overall, the survey supports both the need for a multi-channel fundraising strategy and frequent contacts with donors. On average, after the first gift, organizations send about 3 more appeals by mail, an average of 4 appeals by e-mail, and invitations to events, including stewardship/recognition activities. However, both direct mail and digital communications are most effective when they go beyond dollar demands to provide meaningful connections with the mission and explanation of the impact of a gift, per the survey “One of the biggest reasons people stop giving is they feel like they’re becoming ATMs instead of being partners,” Brown warns. See the full survey
Research Shows ABM, AI, Analytics Drive B2B Marketing Success
A new report based on business-to-business marketing data from Salesforce Research, Forrester Research and the Information Technology Services Marketing Association shows how technically sophisticated top-performing B2B marketers have become in order to woo today’s demanding clients. “B2B marketers are increasingly using a mix of account-based marketing (ABM), artificial intelligence (AI), and analytics to connect the right customers with the right content at the right moments,” concludes B2B Marketing Trends: Insights From the Frontline released in June. To enlighten our B2B clients, AccuList can pass along a few key findings.
Unified Data Vital to Personalization Demand
Today’s business buyers demand personalization: 69% of business buyers expect companies to anticipate their needs, and 60% of business buyers are comfortable with companies applying relevant personal information in exchange for personalized engagement. B2B marketers are not quite up to speed yet, however, with only 46% of B2B marketers reporting a completely unified view from customer data sources. This is true even though most marketers agree that personalization improves brand building (92%) and customer advocacy (80%). The high-performing marketers have invested in customer data and are reaping the rewards, with 66% of high-performing teams saying they are satisfied with their ability to use data to create relevant, personalized experiences. In contrast, the under-performers are way behind, with only 7% satisfied with their use of data.
High-Performing Marketing Teams Use ABM
Account-based marketing (ABM) programs are collaborative efforts between marketing and sales teams, designed to focus attention on high-value customer accounts. High-performing B2B marketing teams are much more likely to collaborate effectively with sales teams on ABM programs (54%) compared with under-performing marketing teams (34%), according to the report. Because of the value of ABM programs, one-third of B2B marketers are currently planning to build them into their existing marketing automation platforms. Among B2B marketers using ABM, the ABM programs now account for more than a quarter of their total marketing budgets. Why? Nearly half of ABM users say the programs deliver higher ROI than comparable marketing methods: 77% of ABM users are achieving 10% or greater ROI, and 45% of ABM users are seeing at least double ROI compared to other marketing methods. ABM ROI is not a slam-dunk however; the top four challenges reported include getting data and reports to track results, personalizing marketing to key account contacts, getting adequate budget to support programs and resources, and developing customizable, scalable campaign assets. To further leverage ABM, many marketers have added, or plan to add, technology platforms such as website personalization to serve relevant content, predictive analytics to select accounts, and business intelligence or ABM data aggregators to measure results by account, etc. Also gaining in popularity is use of chatbots or conversational interfaces, while traditional efforts such as personalized, dimensional direct mail integrated into digital marketing continues to bolster ABM, too.
Growing Use of AI by B2B Marketers
Some 69% of business buyers expect personalized “Amazon-like” customer experiences today, per the recent B2B report. As a result, AI usage among B2B marketers grew 23% in 2018, with the majority of these marketers using AI within marketing platforms to optimize mid-cycle engagement. B2B marketers are using AI to facilitate online experiences with offline customer data, to drive next best offers in real time, to improve customer segmentation, to create dynamic websites and landing pages, and to personalize overall customer journeys, as well as a number of other goals. B2B marketers are also beginning to use AI technology beyond their marketing automation platforms; for example, almost half of B2B marketers use connected devices, and one-third added voice-activated personal assistants (such as Apple’s Siri and Amazon’s Alexa) in 2018. Register to download the free “B2B Marketing Trends: Insights From the Frontline” for more data on other B2B marketing trends.
