Retail email marketing strategies increase revenue shop.org 2013 silverpop
Email Marketing Practices Top Retailers Shop.org 2011
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Transcript of Email Marketing Practices Top Retailers Shop.org 2011
Email Marketing Practices of the Top Online Retailers
September 13, 2011
@LorenMcDonald@Silverpop
+ 130
more retailers that did not make the Top 500
ranking
Silverpop Analyzed Email Programs of …
How does your company stack up against other Top Retailers?
Opt-in Processes
Welcome
Emails
Cart Abandonment
Social Sharing Links
Opt-outAlternatives Study Aspects
Looked at Today
So let’s dive in…
1. Opt-in Process
47% hide opt-in at the bottom
36% highlight opt-in at the top
18% go for mid-page opt-in
Top 500 Remaining Retailers0
10
20
30
40
50
60
70
80
90
100
92%84%
8%16%
YesNo
Majority Feature Opt-in Prominently Throughout Website
2008 2009 20100
5
10
15
20
25
30
35
28%
33% 33%
14%
23%21%
Top 500
Remaining Retailers
1/3 of Retailers Offering Options at Opt-in
Shopping Preferences
Channel Preferences
Frequency Preferences
0 10 20 30 40 50 60
56%
35%
33%
All Retailers
Types of Preferences Offered by Companies Who Gave Subscribers Options
Tips
2-Step Process
66% of people prefer social sign up
AdsPoint
OfPurchase
Billboards
SMS Text to Email Opt-in
iPad POP-IN Mobile Opt-in
• Point-of-sale• Tradeshow booth • Events• Customer service reps
2. Use of Welcome Emails
Welcome emails may be the most important email your company sends.
But 32% of you are sending this...
Zippo.Not much of a welcome, is it?
Tips
Single Email Welcome Email Series
Welcome to the Tafford Community
Tafford #1
Three Reasons You Will Love Tafford + A Special Offer
Tafford #2
Personalize Your Tafford Experience
Tafford #3
Welcome #1 Performs 6X Better!
Sample Welcome Series Indexed Results…
The Future
“Welcome” programs evolve into “Onboarding”
3. Use of Cart Abandonment Emails
60% - 70% of Shopping Carts are Abandoned
“How much money are YOU leaving on the table?”
17%(only)
Of Top 500deploy cart recovery email
programs
76%
20%
4%
1 Email2 Emails3 Emails
# of Emails in Cart Aband. Campaigns
76% use a single email
51%49% Yes No
1/2 Offer Incentives in Cart Recovery Emails
Abandoned Cart Emails
All Promotional Emails
Comparison
Open Rate 37% 8% 4.6x
Click-through rate
41% 14% 2.9x
Conversion rate
20% 5% 4.0x
Sales/email $7.46 $.08 97x
Sample Results: CAR vs Promotional Emails
Abandon Cart Emails
0.3%
Promotional Emails99.7%
Relative VolumeAbandon
Cart Emails18.6%
Promotional Emails81.4%
Relative Sales
0.3% Volume but 18.6% of Email Revenue
4. Social Links
Transition: Share>Find>Follow>Like
2009 20100
10
20
30
40
50
60
70
80
90
60%
78%
43%
54%
Top 500
Remaining Retailers
78% Including Social Links in Emails
11%
71%
18%
Social Sharing Only
Like/Follow Only
Both
More Than 2/3 Include Like/Follow
Promote Likes/Follows
Make It Shareworthy
5. Opt-out Alternatives
2/3 Offer Some Variation of this
UGH!
2008 2009 20100
5
10
15
20
25
30
35
40
45
31%
40%
34%
23% 24%22% Top 500
Remaining Retailers
1/3 Offer Preferences at Opt-out
Alternatives
Frequency
Format
ChangeEmail
Profile/Preferences
Channel
OtherEmails
So What are the Alternatives?
Often 20-30% of subscribers presented with alternatives to unsubscribing stay!
Promote Alternatives In the Email
Option to “Snooze”
Optimize Opt-in Processes
Turn Welcome
Into “Onboarding”
Cart Abandonment
Just Do It!
Use Email to Promote Social
Provide Opt-outAlternatives
Takeaways
Q & A / Contact Info
• Loren McDonald• [email protected]
m• Twitter:
@LorenMcDonald
www.silverpop.comTwitter: @Silverpopwww.slideshare.net/silverpop