Wednesday, 10 July 2024

Email Marketing Isn't Dead!

In an era dominated by social media and influencer marketing, it's easy to question the relevance of email. However, despite the myths suggesting its demise, email marketing remains a vital and cost-effective way to reach consumers.

Authored by:

Authored by:

Freya Yardley

Freya Yardley

Driven By Digital

Driven By Digital

In an era dominated by social media and influencer marketing, it's easy to question the relevance of email. However, despite the myths suggesting its demise, email marketing remains a vital and cost-effective way to reach consumers. 

Contrary to the belief that millennials don’t use email or that people shy away from sharing their data, email inboxes still thrive with marketing content. Businesses of all sizes continue to leverage email marketing, and the persistent presence of email sign-up forms on websites highlights its enduring value. 

While some outdated practices may no longer be effective, a well-crafted email marketing strategy can yield impressive ROI, making it clear that email marketing is far from dead… it’s evolving and thriving!

WHAT IS EMAIL MARKETING?

Email marketing is a powerful strategy that uses email to promote products or services and build customer loyalty. By keeping your audience informed about new products, discounts, and services, email marketing helps businesses stay connected with their customers. Imagine the last time you opened an email announcing a sale on a product you wanted, this is the impact of effective email marketing. It's one of the most popular and effective tools in marketing to date, with revenue projected to grow 287% worldwide from 2024 to 2032.

Beyond just promoting sales, email marketing is a versatile tool that can play a pivotal role in your overall marketing strategy. It can drive lead generation, enhance brand awareness, and nurture customer relationships. 

UNMATCHED BENEFITS AND COMMON CHALLENGES: 

Despite the rise of social media and other digital platforms, email marketing remains one of the most effective strategies for engaging with customers. Here are some of the key benefits we've seen firsthand:

Cost-Effective
Email marketing is a highly cost-effective way to reach a broad audience, especially when compared to paid advertising and social media campaigns. Unlike these channels, email marketing doesn't require continuous spending to maintain visibility and engagement.

Measurable Results
One of email marketing’s greatest strengths is its measurability. Tracking what resonates with your audience and what doesn’t, refining our outreach strategies based on this data. By segmenting your audience based on their engagement, we ensure that our messages are relevant and impactful.

Customisation and Personalisation
It's possible to craft highly tailored messages using both psychographic and demographic information. For instance, you could send personalised abandoned cart emails or promotional offers based on users’ shopping behaviours, significantly boosting engagement and conversion rates.

Increased Brand Awareness
Email marketing helps us maintain an ongoing conversation with our audience. While a potential customer might only visit our website once, you can continue to engage them, build brand awareness, and foster trust over time through email. This continuous engagement often leads to higher sales!

Avoiding Spam Filters
Crafting emails that avoid spam filters is crucial. This involves understanding email algorithms and ensuring content is engaging and relevant.

GDPR Compliance
The introduction of GDPR has forced marketers to prioritise consent, leading to more engaged and targeted audiences. While initially challenging, this compliance has ultimately improved the quality of email marketing campaigns.

THE EFFECTIVENESS OF EMAIL MARKETING

According to reports, email marketing revenue in 2020 reached £5.8 Billion, and over 80% of industry experts use email as part of their marketing efforts. By 2024, email marketing revenue is projected to reach nearly £9.7 Billion.

At Driven by Digital, we’ve found that well-crafted email campaigns often outperform other marketing channels. Many prefer email communications, such as signing up for promotional emails from brands they trust and want to hear more from. This continued preference and high ROI figures prove that email marketing is far from dead. Instead, it remains a vital and thriving component of any comprehensive marketing strategy.

IT’S ALL ABOUT THE STATS…

Impressive ROI’s: A remarkable 77% of ROI comes from segmented, targeted, and triggered campaigns. Email's ROI is significantly higher at 28.5% versus 7% compared to direct mail. Additionally, the average order value from an email is three times higher than that of social media, highlighting the effectiveness of well-crafted email campaigns.

Engagement Powerhouse: Approximately 72% of people prefer to receive promotional content through email, proving its enduring relevance. Moreover, email subscribers are three times more likely to share content on social media, and email is 40 times more effective at acquiring new customers compared to Facebook or Twitter. 

Automation Advantages: Marketing automation is a game-changer for B2C marketers. Those using automation report conversion rates as high as 50%. Automated messages not only achieve 70.5% higher open rates but also see click-through rates that are 152% higher than standard messages. 

INTERESTED IN GETTING STARTED?

Email marketing remains an indispensable tool for businesses of all sizes. Despite the myths, its effectiveness in driving engagement, conversions, and ROI is unparalleled. 

At Driven by Digital, we offer comprehensive email marketing services designed to help your brand thrive in the digital landscape. Whether you need assistance in crafting personalised campaigns, setting up automation, or analysing your results, we're here to help. 

Don’t let misconceptions hold you back, email marketing is a must-have in today’s competitive market. Contact us today to book your free consultation call and discover how we can elevate your marketing strategy.

Let's get started

Do you have a project in mind that Driven By Digital can help with?

Let's get started

Do you have a project in mind that Driven By Digital can help with?

Let's get started

Do you have a project in mind that Driven By Digital can help with?