Increasing profitability, maximising return on investment, improving market share etc, etc… Like any business, these objectives, as well as others, will be something that we all strive to achieve at one time or another… but how?
Well, if your marketing campaigns are not customer-focused and highly engaging, your business could ultimately be shooting themselves in the digital foot. This all comes down to having a good strategy in place that not only piques customers’ initial interest, but continues to nurture over time, ensuring they purchase again and again.
If a business is to grow, keeping those customers on board who have previously engaged or purchased is extremely important. One of the easiest ways to do this is to create a strong brand identity that makes your past customers think of your product first over any competitors. For example, when you want to find something out – what do you do? Straight to Google – in fact it’s even become a verb in itself…!
What Does An Email Campaign Offer?
In today’s social media driven climate, we can spend hours updating statuses, engaging with tweets and hashtags, or even finding the best filter to showcase our big promotion. But even with all these social tools at our disposal, email marketing is still one of (if not the) most cost effective and efficient way of staying at the forefront of your customers’ minds.
According to a study by Workhorse, email marketing drives more conversions than any other digital marketing channel – including search and social. With that said, it’s worth bearing in mind that content plays a huge part in how a person actually behaves when their smartphone notifies them of the ‘millionth’ email they’ll receive that day.
One of the big advantages email has over other marketing tools is its ability to provide personalisation. Simple tools such as merge tags can help transform your marketing emails into something that feels far more personal. The table below shows examples of tags we have readily available in our own email platform, Enabler. These tags reference personal data stored within the system’s contact database:
By including a recipient’s first name in the correspondence and/or subject line, it takes your marketing communications away from an impersonal intrusion and into a more personal, friendly place which can be highly beneficial for improving your retention rates, with recipients feels that little pang of appreciation as they realise they are a valued customer. Think about it, we all appreciate that feeling of being welcomed or recognised when walking into our local shop or restaurant, and the same can be said when receiving an email, and goes way beyond just adding their first name. That added personal touch should be added to all your content communications – from contacting a customer with special offers to wish them a happy birthday, to targeting communications based on their personal shopping habits can all go a long way to continually converting that customer.
Businesses who achieve high customer retention rates will see a better return on investment, it’s as simple as that.
- 81% of online shoppers who receive emails based on previous habits are likely to purchase as a result of that targeted email (eMarketer)
- Email is 40 times more effective at acquiring new customers than Facebook and Twitter (McKinsey)
So How Can a Business Ensure Customer Retention Via Email?
As previously mentioned, email content will be the main aspect to focus on in terms of grabbing your customer’s attention. Enticing emails that are informative and encourage the person to interact, gives greater opportunity to drive that person towards either a specific website, landing page or document.
A good example of this technique being used successfully is by the product review emails sent by Amazon after purchase:
Not only does it immediately get the customer interacting as it gives them the opportunity to voice their opinion, but it increases traffic to Amazon’s website opening up the likelihood of a repeat purchase or interaction with other products on their site. Additionally, redirecting traffic to specific pages helps with analysing data and segmenting customers into groups, which helps to avoid spamming them in future correspondence…no one wants to receive those dreaded unsubscribe notifications!
There are numerous ways an email can be built, but in order to maximise engagement a combination of the following formula is useful:
- Unique selling proposition
- Call to action
- Product benefits
- How it works
- Loyalty reward
- Thank you
Emails that contain some elements of this formula make it easier for your customers to engage, especially if the content stands out. Customers who regularly engage with your brand are more likely to show loyalty if you set them up for success with personalised content, helping to keep customer churn rates low.
In order to maximise interaction with your emails, consider devising campaigns separated five to eight emails; think of it as taking the consumer on a journey, covering aspects of brand explanation, benefits of purchasing and special offers. Without over exaggerating the direct sell, this method shows the customer an in-depth explanation of specific aspects of the campaign which helps to increase brand trust and ultimately persuades them to buy.
Examples of Sticking in Customers’ Minds
Prices Falling with Booking.com
January, or even winter on the whole is a time when many people look for their next holiday destination. While there are many sites out there, Booking.com have a very clever strategy of re-targeting users who have searched for places to stay in a particular area but have (for whatever reason) not made a purchase. The image below is from an email I recently received – from the personalised subject line to the informative content regarding discounted rates, the call to action immediately grabbed my attention reminding me I needed to book accommodation before it was too late. I ultimately did, furthermore receiving a 50% discount for my next booking which will be at the forefront of my mind for future trips, while keeping that lot from the Booking.com retention team happy as well!
Monetary Discount with Treatwell
Treatwell incentivise their customers by offering discounts for future bookings by leaving a review. Their reviewing system is user friendly and encourages a click through in order to receive the £5.00 discount, as well as including a deadline date which also encourages the consumer to act quickly to avoid missing out on the offer.
Free Delivery with UberEATS
Not only does Uber provide us with rides home at a push of a button, they now also bring us our favourite food through their UberEATS app (what would we do without them eh…..?!). Their offer of free delivery to app users is straightforward with a clear call to action (see image below), the smartphone gives the user an image of how to receive the offer, and the inclusion of a promo code gives UberEATS the ability to track and analyse user flow to determine whether the campaign has been successful.
So we can safely say that a business will benefit from implementing a high-quality email campaign strategy, focusing on providing content that invites their customers to interact with their emails. By creating content which either informs your customers about your products or offering incentivised click throughs will definitely help to keep retention rates high.
As long as your business understands its audience and gathers useful, relevant data, it will be able to connect with and apply targeted content to maximise customer interactions.
If you’re interested in putting your business at the forefront of your customers minds, why not join one of our Design Thinking sessions this year.