Here are the 6 benefits small businesses can take from email marketing
Email marketing paves the way for your business to reach out to potential prospects directly and swiftly. Have a glance at the six benefits of email marketing.
- Affordable and cost-effective, reach out to the maximum audience in a short time.
- Email marketing ensures a straightforward way to automate marketing efforts while also offering more bang.
- The first step includes choosing an email marketing service that befits your business protocols. Allure the target audience to become a part of your marketing campaign, and establish a regular communication system.
- Exclusively directed for small business owners, this write-up aspires to deliver all the necessary information about implementing an email marketing strategy.
Since its inception in 1971, the concept and objectives of the email had undergone considerable changes. In the present scenario, email sets the pathway for businesses to directly communicate with an extensive range of audiences, increase sales and create a loyal base for their brands. The steps for a successful email marketing campaign are straightforward and uncomplicated. You can check the results immediately too.
What is email marketing?
Email marketing revolves around sending emails to potential customers, target audience, and prospects in simple terms. It is a marketing strategy that aims to establish a direct communication system between a brand and the audience and is undoubtedly a wise method to convert newcomers into loyal and recurring customers. Email marketing campaigns include promotional emails, weekly newsletters, and special deals and offers for valued customers.
How email marketing benefits the business?
Most often, small-scale businesses lack a high-end budget plan to invest in product marketing. In such circumstances, email marketing comes to aid, showering a brand with stunning results. We have listed down the six most impressive benefits of email marketing that can immensely help small businesses.
- High ROI
Email marketing offers a higher return on investment, proudly owning a median ROI of 122% as per the research of eMarketer. Your ROI will further rise if you use tools and techniques such as A/B testing, double opt-in, and maintaining a regular schedule. You can track your ROI of your email campaigns through a simple calculation:
Net profit (Gross profits from email marketing – Email marketing costs) / Email marketing costs.
- List segmentation and Personalization open new opportunities
Instead of a generic campaign for all, you can create targeted campaigns for your audience, by drawing out data about the email subscribers.
Personalization increases open email rates. An individual receives several promotional and business emails a day, and thus a direct mail from your brand won’t instigate the individual to open it, let alone reading the email. Stand out by placing the subscriber’s first name in the email content, or provide a personal touch in any way you would like.
You can divide and segment your audience once you become accustomed to email marketing, and the subscriber list grows. The distinctions can be made based on gender, age, income level, and so on.
- Cost and time effective
Time and money are essential elements to take note of while planning a marketing campaign. For small businesses, email marketing especially is essential since it is easy to automate and is cost-effective.
Start by setting up the list, determine the offer and design your email for your new email campaigns, and the email will automatically be sent to the target audience. You can devote your time to the other aspects of your business, while successfully engaging with the audience, creating new customers, and keeping track of your campaign. Unlike paid advertisements and other marketing modes, email marketing campaigns can be relatively carried out with lesser budget plans. Easily reach thousands of subscribers by spending a minimal amount.
- Establishing a stronger relationship with customers
A successful marketing strategy aims to demonstrate the brand value to the customers and make the customers get more engaged with your business. When you gain a participant in your email list, you can establish a connection by sending the individual relevant emails.
Not every email should revolve around advertising your brands; instead, you should demonstrate to the customers the value your brand provides to each of them. Again, the demonstration should encompass mere offers and sales. Instead, you can forward an email the individual may find important, such as a link to your recent blog post.
Do not restrict yourself to emails alone, and share the links of your other social media accounts and encourage the customers to join or follow you over those platforms as well. This will enable you to build substantial credibility with the audience. This even gives audience a chance to learn more about any intriguing product or service by simply clicking on the mentioned social media links.
- Improving the sales rate
The ongoing pandemic had invited disastrous results for the small businesses, robbing them off entirely with a lower sales rate. Email marketing can provide an efficient way to grow sales, even if your shop is running down. If you are looking for a good Bulk email service provider then do check out Digitalaka. They are one of the best in the market.
A well-timed offer, generous sales, and free shipping will encourage customers to buy a particular thing. This is a wise method to transform mere subscribers into loyal customers.
Through email marketing, you can upsell the current customers and re-engage with those from whom you haven’t heard of for a while. Personalized and targeted offers for your most valued customers will further initiate an individual to make a purchase.
- Gaining a lot of subscribers
In social media marketing, you don’t own your followers and lose them once your business page is shut down for some surprising reasons. However, in email marketing, you can have a list of all your customers and own the list of your contacts even after choosing to change your email provider. Thus, your efforts to gather a vast number of followers and subscribers don’t go to waste if you have built an email list.
Thus, email marketing with all its advantages is the most pleasing way to expand your business in the most cost-effective way possible. Perfect for small businesses, email marketing can give a real boost to their brand expansion and accelerate the growth rate, conversion rate, sales rate in an unprecedented way.