Showing posts with label email open rates. Show all posts
Showing posts with label email open rates. Show all posts

Thursday, October 13, 2016

The Email Marketing Enigma


So there I was reading Email Marketing Benchmarks 2016: Relevancy, Frequency, Deliverability and Mobility, the latest edition from eMarketer. Had my omnipresent cup of coffee within arm’s length. I’d say I got about halfway through the report when I realized that the current state of email marketing is a puzzling or inexplicable occurrence or situation, AKA an enigma.

One on hand open rates for emails sent in 1Q 2016 were the highest (33.3%)  they’ve been over the previous eight quarters. Conversely, the non-bounce rates were the lowest they’ve been in two years, implying, as the report states, ” fewer emails were finding their way to recipients on average.” So deliverability issues are at play.

Then there is the matter of mobile.

Ah mobile. Surely by now you know of our collective human penchant to “be mobile” – literally and figuratively.

Perhaps nothing illustrates the email enigma better than this chart below.


As you can see on the left side over nearly 70% of emails opened during 4Q 2015 were opened on a mobile device. Should not surprise a living soul. If anything, I would have bet that number would have been higher.

Now on the other side, we have conversions and lookey at what we have here: Conversions are higher on desktop than they are on mobile? What in the name of Martin Cooper is going on here? For those of you not familiar with Marty, as his friends call him – he is regarded by many as being the inventor of the mobile cellular phone.

So how could conversions be higher on a desktop with so many people on their mobile devices?

Well perhaps this may help explain it.

Or maybe this one, too.


Do you see a trend here, kids? People are unsubscribing which in turn obviously affects conversion because far too many emails are not “mobile-ized” if you will. Yes it is great to see the percentage of marketers utilizing responsive design increase YOY but this is 2016 boys and girls – and this year is almost over.

My point is the percentages re: responsive design and mobile-aware design should be higher – much higher. These are not new concepts and Lord knows we’ve been told for the past X number of years that this (insert year here) is the year of mobile. In other words, mobile ain’t a new concept, either.

The Mobile Email Content Enigma

Way back in 2014 I penned The Nine Letter Word Every Marketer Needs To Remember At All Times. Instead of me telling you what that word is, here’s one chart to ponder.


Do you know the 9-letter word yet? Well consider that 36% of US Internet users said emails they receive from brands are never useful.

Know now?

The 9-letter word is r-e-l-e-v-a-n-c-e.

It is pathetic to think that 4 in 10 stated that emails they receive have no benefit, are not useful AKA completely irrelevant to them. You have to almost try to be that out of touch with your audience. Stop and think about the emails you are sending out this very day to your customers and prospects.

Are they at all relevant to them? Or are they merely yet another blind blast of sales garbage?

Paging Inigo Montoya

Shame on you if you don’t know Mr. Montoya. But if you know me chances are it’s a pop culture reference – and it is. In the film The Princess Bride, and quite honestly if you’ve never seen this movie I don’t want to know you, Montoya famously bellows “You told me to go back to the beginning.”

While I won’t get into the context of why he says this – would take too long, let’s go back to the beginning of this very post, specifically a puzzling or inexplicable occurrence or situation AKA an enigma.

What better word to use to describe email marketing as we currently know it?

Save for the fact that open rates are the highest they’ve been in a few years, you’ve just consumed a lot of bad news when it comes to email marketing.

The good news, which only adds to the stigma of the enigma that is email marketing, is that email marketing delivers a very high ROI…


…while costing very little to do so.



So you tell me, why is email marketing so puzzling and inexplicable?


http://conta.cc/1nUbaWJ



Source: http://www.forbes.com
Source: “Email Marketing Benchmarks 2016: Relevancy, Frequency, Deliverability and Mobility” – eMarketer
Photo Credit: Getty Images

ABOUT WNFP
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Join WNFP Communities!

Monday, October 10, 2016

Finding a Subject Line With a 47.8% Cold Email Open Rate

We use cold email because it works. Cold email, like any other skill, takes time to develop. But you can achieve significant improvements quickly.

Over the course of a week, we were able to increase our email open rate from a pedestrian 17.4% to a ridiculous 47.8%. There is good news. This process is repeatable.

I’m going to share with you the exact step by step process we used in this article, breaking down our thought process behind each step.




Our General Process

The first step we took was establishing a general process we would use to make our emails better. We are big proponents of the experimental method.

One excellent (and much more detailed) guide on the experimental method can be found here, but the general steps are below.

  1. Identify what you know and what you think you know. Write out your assumptions and the hypotheses you would like to test.
  2. Select one hypothesis to test and create an A/B test to determine if it’s correct.
  3. Perform the test.
  4. Analyze results – what happened?
  5. Draw conclusions – what do these results tell us? Are the results significant enough to validate our hypotheses or are further experiments needed?


Choosing What to Experiment on First – Our Purpose

The first question we asked ourselves was, “What is the most effective way to improve our cold email efforts?”

There are many things we could have focused on: the email body, the call to action, the subject line, length of the email, time the email was sent.

Our assumption was that the subject line would be the best place to begin improving our email campaigns.

Why We Chose to Test the Subject Line First

Joseph Sugarman, one of the most legendary copywriters of all time, puts it succinctly:
“The sole purpose of the first sentence in an advertisement is to get you to read the second sentence.”

In the world of email, that first sentence is the subject line.

To us this makes the subject line the most important part of the email. If people do not open your email, it does not matter how spectacular the body of your message is or how compelling your call to action.

Constructing a Hypothesis to Test

To set up an experiment we first need to construct a hypothesis around subject lines. What do we believe would improve our subject lines? Why do we think that? How can we tell if we were right?

Applying What We Know

We need to take into account what we already know or think we know, to make an informed guess on what will happen.

We all receive copious amounts of email. If the metric we want to increase is open rate, it is easy to look at our own personal experiences and see which headlines we ignore and which ones we don’t.

Unexpected “sales” emails were universally ignored. For illustration, look at these headlines I received in my inbox in the past few days.

      “Re: OEM Vape band and mouthpiece”

      “Pokemon’s everywhere! Time to Start Playing”

      “15% off your order”

Based on this, our first assumption was made. Overly business headlines will not be as effective as more personal emails.

Everyone in our office opens personal emails. So we looked at some of the subject lines from personal headlines.

These are some examples.

          “As it is”

          “”Grrr”

          “A little something”

          “Duck”

Looking at these headlines we decided to add another two assumptions for subject lines that get opened. Firstly, shorter headlines work. All of these headlines are super short, the longest being three words.

Secondly, these headlines pique curiosity. They aren’t overly descriptive. They entice you to click through to read the email.

All of this is straightforward. But most of the emails I receive fail.

http://conta.cc/1nUbaWJ


Determining a Metric

Next, we needed to identify a metric to determine if our experiment was successful or not.

We considered two metrics.

The first was the open rate or the percentage of recipients who click and open the email.

We like this metric because it is obvious the subject line is the most important variable. There are only two visible variables, the subject line and the first sentence of the body, and of the two the subject line is much more prevalent.

We also considered the reply rate (or click through rate depending on the type of email sent).

We liked this metric because ultimately, this is what matters most – what percentage of customers show interest and respond to our offer.

However, the purpose of this experiment is to optimize the subject line. Because there are so many other confounding variables in the reply rate (body copy, call to action, tone, length etc), we chose open rate as our metric.

The Final Hypotheses

These assumptions led to our hypotheses: Open rates will increase by 30% because short, personal, subject lines that arouse curiosity will outperform longer, descriptive, business subject lines.

Setting Up the Experiment

In order to test our subject lines we set up a simple A/B test. The plan was to send out two emails with different subject lines and measure the open rate to determine the winner.

Both emails were identical in every aspect, including sending address, salutation, body, call to action, and signature. The only difference was the subject.

We controlled the audience by pulling emails from the same source and randomizing who received which message.

Our First Subject Lines

Our First Iteration

To test our hypotheses we crafted two subjects.

Our personal subject header was “Quick Question”.

Notice that this subject line echos all three of our assumptions. It is personal, short and attempts to solicit curiosity in the reader.

Our business subject was “NEW Camera App for Contractors.”

This is a standard business styled email subject we are using as a control. We then sent out a ton of emails. Here are the results.

Quick Question: 26.7% open rate
NEW Camera App for Contractors: 17.38% open rate

That is a massive difference. The more personal subject received 50% more click throughs than the business oriented subject line.

Our Second Iteration

However, one single test doesn’t fully validate a hypothesis. Our subject could just be bad in general. We repeated the experiment with two different subject lines.

For the personal subject line we tried “Reaching Out”.

For the more formal subject line we dropped the all caps and instead went with “Camera App Built for Contractors”.

Again, notice that the assumptions that we laid out in our hypothesis are well expressed. “Reaching Out” is short, personable, and leaves an implicit question – “Why are you reaching out?”.

The results were surprising. First, the new business line.

Camera App Built for Contractors: 21.81%

Eliminating one word, “NEW”, increased click through rate by over 25%! Despite this increase it still lagged behind the previous personal email by a large margin.

Next we looked at how the new personal subject line did.

Reaching Out: 47.8% Open Rate

This new subject almost doubled our previous high mark. It also reinforced the previous results. The personal subject line outperformed the business control for the second time.

At 47.8% open rate we felt were ready to move onto working on the email body and call to action.

Subject Line Learnings

I believe this experiment produced two solid learnings for us and our particular market.

Small changes can create huge differences. Removing a single word “NEW” increased open rates from 17.38% to 21.81%. It proves that when testing copy you can’t just write off a whole approach. You have to spend time with it and get better. For our market, personal outreach leads to better open rates. The results help validate our initial hypotheses as to why.

I do not think that two experiments are enough to fully validate this finding. However, we are more than happy with our current open rate.

Since the initial experiment we have used the subject line a number of times, achieving 33.8%, 37.6%, and 32.8% open rates. I think this is an important note. There is significant variance even with the same subject line.

This deviation could be caused by changing audiences (we’re sending to different lists), and highlights the importance of trying to control for audience as much as possible.

Despite these lower numbers, the “Reaching Out” subject line has still performed well beyond all other iterations.

Conclusion + Next Steps

Going forward we want to apply these learnings to our followup emails. We will begin with various personal, short subject lines crafted to pique interest.

Further, we want to begin testing the actual content of our email.

Open rate is not the end goal. We want the recipients to engage with us. We can now begin testing the actual body of the email – length, tone, word choice, formatting etc.

Cold email has become an important source of new leads for us. As we continue to improve the other base components of the reply rate, cold email will become more and more profitable for our company.


Do you use cold email to grow your business? What subject lines have you found effective?



Source: http://www.tweakyourbiz.com
Photo Credit: Shuttershock

ABOUT WNFP
Westchester Networking for Professionals (WNFP) is a business networking association dedicated to helping small businesses and entrepreneurs develop, expand and grow. We offer affordable opportunities to help create a positive impact and advancement in your business interests and personal quality of life to take you to the next level.
Stay Connected with WNFP!
Join WNFP Communities!
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