ljubljana: michael leander at lisac & lisac tom schreiter event

62
How to find more customers through email marketing (and social media) Michael Leander [email protected] [email protected]

Upload: michael-leander

Post on 30-Oct-2014

1.478 views

Category:

Business


0 download

DESCRIPTION

Michael Leander's email marketing presentation from the Tom Big Al Schreiter event in Ljubljana, Slovenia - organized by Lisac & Lisac on 14 April 2011. Get more like this:http://www.michaelleander.me

TRANSCRIPT

Page 1: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

How to find more

customers through email marketing (and

social media)

Michael Leander

[email protected]

[email protected]

Page 2: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

For more like this – get newsletter, click on link: http://michaelleander.com/newsletter.html

Page 3: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

The goal for any marketer in 1997, 2012?

A Relevant offer

Right timing

Effective channel

Target

B C D

April 14

3

Page 4: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Invest 1 US$ get 43 US$ back

Page 5: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

This is what is happening

0%

10%

20%

30%

40%

50%

60%

70%

2000 2004 2007 2010

OpenRate

CTR

Page 6: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

TIP: check your database frequently

Never active

Seldom active

Active frequently

Always active

50-90% are never active !

Page 7: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Targeting

Page 8: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

A CTR: 26,22%

B CTR: 5%

C CTR: 10,32

Which one performed best in terms of CTR?

A B C

Page 9: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event
Page 10: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

10

Page 11: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Who is Michael Leander? My background related to email marketing

- First email campaign in 1995

- Consulting internationally since 2002

- Acquired ESP & build to market leader, now sold

- Judge at Direct Marketing Awards in Europe & Africa

- Chairman of FIMAC (FEDMA’s Email Marketing Benchmark)

11

Page 12: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Email Marketing Basics

Page 13: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

The purpose of email marketing is to acquire,

convert, sustain and grow customers whom then in

turn will attract other customers’ through

referrals

Page 14: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Where in the customer lifecycle can you use email marketing?

Acquisition Win-Back Convert Retention

Lifecycle of a customer

Opt-in

Sell

Loyalty programs

Newsletters / OTS (stimulate & educate) Win-Back C

usto

mer v

alu

e

Profiling

High

Low

Page 15: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Overcoming typical barriers

Page 16: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

16

Consumers are exposed to 3.000 6.000 marketing messages every day

mobile marketing user generated content email

marketing Enterprise 2.0 customer experience

RSS feeds marketing web 2.0 permission

marketing communities conversations TV

COMMUNICATION OVERLOAD The Moment of truth

push/pull web 3.0 Word of Mouth RELEVANCE FREQUENCY RECENCY

S OC IA L NETW ORK IN G

Page 17: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Short attention span, loads of intrusion - how do you cut through the clutter?

Page 18: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event
Page 19: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event
Page 20: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Email marketing can hurt your reputation Reputation is “the

result of what you do, what you say, and what other people say about you”

Page 21: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Manage Expectations

Page 22: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Change of mindset:

From inbox to mindbox focus

Page 23: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event
Page 24: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Getting critical mass in subscribers

0

5

10

15

20

25

Time Time Time Year 1 Time Time Time Year 2 Time Time Time Time Time Time

GROWTH IN SUBSCRIBERS

Page 25: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

How would you spend 100%?

Content of

messages/offer Target group

Creative Deliverability

100%

40%

10%

40%

10%

Page 26: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Get more

• Get the slides and a 5 step guide to get started with email marketing

• Give me your business card or a note with your name and email address

• Or write [email protected]

Page 27: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

5 questions you must

answer first

27

PAR

T 1

Page 28: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

The war of the inbox/mindbox starts pre acquisition

28

At the back of their mind, your audience thinks

- too many emails in the inbox - not enough time to read info - concerns about how you treat their information - is it worth the time and effort? - can you be trusted? Are you telling the truth? - what’s the catch?

Welcome to the war of the inbox / mindbox

Page 29: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

What are you trying to acquire permission for? Are you going to be smart about this?

Send offers and promotions

Send newsletters

Send Alerts and updates

29

1 Volume indicator

H

L

Recipient engagement

L

H

Page 30: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event
Page 31: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event
Page 32: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Prioritize: Whom are your most important permissions?

(c) Michael Leander Nielsen, 2009

32

2

Page 33: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Whom exactly are you intending to engage?

33

2a

Operational

Middle management

Top management

CEO

CTO

DB Admin Programmer

CMO

Marketing asssistant

How do you plan to differentiate your messaging to accommodate different recipients needs and to

be RELEVANT to the recipient?

B2B B2C

Page 34: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

How are you going to use email marketing to support your selling process aligned with customer buying process?

34

2b

Page 35: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Customer lifecycle marketing automation Differentiated approach addresses different needs

1Pre Sale

2Sale

3 Past Sale

Pre Departure

4Departure

5 Arrival 1.

destination

6 Travel &

experience

7 Comming

home

8 Evaluation

& Reliving

9 Next

Pre Sale

Profiling and knowledge of where the customer is in the ”wheel” opens up for a coordinated and relevant dialogue before sale,

during and after

Transactional Behavioral Targeted

Example Travel

SMS/Email

Insurance Car rental

Excursions Car rental

Recommend to friends

Page 36: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Your objectives for email permission marketing

Customers

• Build relationship

• Sell more stuff (cross-sell/upsell)

• Profile customers

• Expand touch points with customers

Prospects

• Initiate and build relationship

• Customer acquisition

• Profile prospects

• Survey prospects

Churners + others

• Create referral mechanisms

• Re-activate lost customers (win-back activities)

36

Success defined by

# referrals Win-back

Success defined by

Convert to customer

CTR

Success defined by

Sales Repeat

Business

3

Page 37: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Effect & ROMI

Measuring effect/results

CTR - Click Through Rate (# unique clicks)

MWR - Most Wanted Response, successrate

ERR - Effective Response Rate (# have purchased or reacted to offer)

Referral effect (such as tip a friend)

What was saved?

What was earned?

37

Emails sent

Emails opened

Emails clicked

Pages visited-browsed

Call-to-action

YES

Page 38: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Content interest revealed through tracking

Page 39: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

How much are you willing to invest?

The price of acquiring a permission depends on how much information you require

39

4

B2C – level of profiling B2B – level of profiling Acquisition cost

Email address only Email address only 0,25 to ?

+ First name, last name, gender

+ First name, last name, position

Add money

+ Postal address + Postal address Add money

+ Telephone/mobile + Telephone/mobile Add money

+ Info about buying intend + info about buying intend Add money

+ Special interests / qualifying information

+ Special interests / qualifying information

Add money

Page 40: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Free gift

Benefits + content concept

Re-confirm USP

Customize -> show care

about relevancy

Landingpage Unique Email marketing Proposition

Page 41: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Landing page #1 Landing page #2

Which page generated most registrations?

275 conversions 110 conversions

Page 42: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

What to consider for your landing page and variations of sign-up form

• Headline

• Long Copy vs. Short Copy

• Credibility Logos

• Security Assurance

• Banner Present vs. Not Present

• Submit Button / Order Button Text

• Audio / Video Message

• Testimonials

• Urgency

• Price

Page 43: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Fact: You have 8 seconds to engage

(c) Michael Leander Nielsen, 2009

43

Cheapest acquisition channel

95% of visitors leave quickly

Page 44: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event
Page 45: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event
Page 47: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Does Size Really Matter When It Comes to Email Opt-In Form Overlays?

47

A B

Got + 8,8% increase

Page 48: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Integrate call to actions

85%

15%

Page 49: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

First impressions last !

• What is so special about the first hour after somebody signs up to your email communcation?

• Where is your opportunity ?

Page 50: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

You’ve got a new ”permission” – now treat her nice with a welcome program

Welcome email with

offer

1 day later: Our most popular stories (offers,

videos etc)

5 days later e-mail

10 days later email

First newsletter

Satisfaction survey;

how are we doing, how

can we improve, is this for you

And so on

Page 51: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Reaffirm the value you offer

Push profile update – increase knowledge

Give a reason to respond now

Page 52: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Your content concept and your email value proposition

52

5

Article content

Special interest

Advice, guides

Promotions

Exclusive offers

First to get info

Special coupons

Special events

Subscriber only events

?

Page 53: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Think like a publisher !

Page 54: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Bil vask, baby

(c) Michael Leander Nielsen, 2008

54

Page 55: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

55

Intro links

Intro story

Functional links

Survey or result

”Products”

Activate profiling

”Article”

Sender branding

”more articles”

Functional links

Can be differentiated

based on profile

Page 56: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Test formats

Page 57: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

BALANCE STREAM 27

18

22

21

0

39

29

14

34

41

Page 58: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Test subject lines (A/B split)

A. Get two brand new articles about branding

B. News in a flash – articles about branding

A -> 32% B -> 42%

Page 59: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

Include share buttons and links in your email communication – engage !

“Email messages that include a social media sharing option generate a 30% higher click-through rate (CTR) than those without sharing options- and messages with three or more sharing options generate a 55% higher CTR. “ Email Marketing and Social Media Integration Report" (2010)

Page 60: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

-> Link opens message in social network -> Default text to share -> Track # of shares -> Track # of conversions

Page 61: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event
Page 62: Ljubljana: Michael Leander at Lisac & Lisac Tom Schreiter event

T: twitter.com/michaelleander M: +45 27 28 29 53 E: [email protected]