Email marketing campaigns are a handy way of reaching out to potential clients.
Actually, even saying that is a bit of an understatement. Using email, businesses around the world reach out to hundreds of thousands of clients every year.
That’s a lot of potential for marketing.
Still, a boxer’s punch is only as good as the length of their arm. Great marketing is less effective when it doesn’t reach enough people.
Today, we’ll be discussing how to use email metrics to measure whether your email is helping you hit your goals. With this information, you’ll be able to hone your digital marketing, with a focus on email.
Why Do Email Marketing Metrics Matter?
Marketing emails are unique, by their very nature.
From one company to the next, the content, goals, and duration of your campaign all depend on what you want to get out of it.
The one thing they all have in common, though, is that they’re an investment in your business’ marketing structure.
Nobody invests time or money into something that gives nothing back, especially when that thing is advertising. Success isn’t just important – it’s the only reason to keep your email marketing going.
But how do we measure success?
As it turns out, through the use of accurate and comprehensive metric measurements.
Whether you’re growing your email database or marketing a new service, access to the numbers allows you room to adjust and perfect your plan.
Specific metrics can provide meaningful insights into the efficacy of your email campaign. Each individual metric can help to drive engagement in your program, by tailoring the way you approach it over time.
Remember: before you begin your campaign, you have to evaluate your objectives. What are you trying to do? What would you consider a success? Decide on the metrics associated with these goals, and work to refine your emails, accordingly.
Decide on the metrics associated with these goals, and work to refine your emails, accordingly.
Six Email Metrics To Focus On
Though not all email metrics are created equal, there are some areas you should be focusing on in order to truly streamline your marketing.
This is the most basic metric to measure and adjust for the success of your email campaign.
Measure the percentage of email recipients clicking on links within your email. With this information, you can track and measure the changes associated with your A/B split testing. Moreover, you’ll be able to measure the effect of your content on the people you’re emailing.
Moreover, you’ll be able to measure the effect of your content on the people you’re emailing. The higher the percentage of people clicking through, the more effective the content.
If clickthrough is the foundation of your email marketing, conversions are its walls, roof, windows and light fixtures. Without them, you’re out of luck.
Always be converting.
The idea is simple: if someone clicks through to your website, you want them to click, next, on something that benefits your business. Any click “with meaning” is considered a conversion, and this is an easy metric to follow.
Integrate your email and website metrics to showcase your conversions, for maximum ROI on your email marketing campaign.
Bounceback, for ROI purposes, has the opposite effect of a clickthrough or a conversion.
This is the total number of emails which did not successfully reach their recipients’ inboxes.
“Soft” bounces result from temporary problems with the address, while “hard” bounces are from broken addresses. While one is clearly worse than the other, it’s important to get this number as low as possible.
A secondary metric that can really make a big difference in the way you conduct your email marketing is the rate at which your email list is growing.
The benefits of this metric are clear: the more people on your list, the wider your reach is. Similarly, if your list is shrinking, you’re clearly either doing something wrong or not giving people enough reason to stay with you.
Sharing and Forwarding
In digital marketing, as well as anywhere else, you’re only as good as your reach.
The more people who get hold of your marketing content, the better the chances are that someone will click through or convert.
But how do you get your email into more hands than just those on your standard mailing list?
Integrated links for sharing and forwarding your email content, give users the ability to “spread the word” about your brand, all on their own. And that brings with it the potential to reach hundreds or even thousands of readers you don’t even know.
With sharing email metrics, you’ll be able to see the spread of your content to addresses other than the ones on your list. Those new readers, in turn, will add to other metrics, which can also be measured.
It’s no stretch, from there, to examine your content and identify how it is being and clicked. From there, shifting your focus to improving and reproducing those areas is simple.
Every marketing campaign comes down to a simple question:
“Am I getting enough of a return for the money I’ve invested in this marketing?”
Luckily, when it comes to email marketing, it’s possible to measure Return on Investment (ROI) and get this exact information.
Measure the performance of various emails, links, leads, and content, and compare these numbers to goals you’ve set up, beforehand. How many email leads, from the total number you’ve sent out, end up converting? How much did you spend in man-hours, putting this campaign together? Are you making your investment back, or could you, give time and a steady improvement?
How much did you spend in man-hours, putting this campaign together? Are you making your investment back, or could you, give time and a steady improvement?
Depending on your focus, it’s easy to see the return on investment in your marketing campaign using metrics to measure performance.
Use Your Email Metrics The Smart Way
Email campaigns are a great way of getting your business name in the email inboxes of any number of potential clients.
The efficacy of a campaign like this relies on your ability to check the numbers, though. Depending on how you approach it, this information can be used to tweak, repeat, or scrap your email marketing.
Remember to plan which metrics you’ll use, and don’t waste your time on information that doesn’t benefit you.
Interested in the benefits of this and other awesome content marketing strategies? Visit us, today, and transform your marketing with our comprehensive services.