Did you know that an average subscriber receives a staggering 121 emails daily? Yes, you read that right, 121 emails vying for their attention amidst the digital noise.
With countless communication channels available, it’s natural to wonder which one reigns supreme in marketing. Is it SMS? Push notifications? Social media? While each has its merits, one channel has proven its enduring value: Email Marketing!
But what is it about email that keeps marketers coming back for more?
The world of email is thriving, with approximately 5.59 billion active email accounts, translating to 70% of the global population. Email has become an integral part of our lives, as over 90% of users check their inboxes daily, and 58% check their inboxes after waking up. These numbers emphasize the high level of engagement with this communication medium.
This blog discusses the latest trends in email marketing and delves into various types of email marketing that businesses can incorporate into their overall marketing strategy.
What is Email Marketing?
Email marketing refers to using email as a communication channel to promote products and services or engage with your customers.
It involves sending targeted messages to individuals or groups of subscribers who have willingly provided their email addresses. Email marketing allows businesses to build relationships, nurture leads, and drive conversions.
If social media is the cocktail party, then email marketing is the “meet up for coffee.” The original 1 to 1 channel ~ Erik Harbison
The future of email marketing is promising. It is estimated to be over 347 billion emails per day by year-end 2023, growing to over 376 billion by the end of 2025. Here are some trends to watch:
– Hyper-personalization
Marketers leverage data for personalized email experiences, increasing engagement and conversions. Segmentation and personalization drive a 50% higher click-through rate (CTR) than untargeted campaigns, enhancing email marketing effectiveness.
– Interactive Emails
Interactive elements like surveys, polls, trivia, and gamification elements spin the wheel within emails, provide an engaging experience, and encourage subscriber interaction, improving click-through rates and conversions.
– Mobile Optimization
With most emails being opened on mobile devices, optimizing emails for mobile viewing and ensuring a seamless mobile experience will be crucial.
Also Read: Top Email Marketing Strategies For App Engagement in 2023
– Integration with other Channels
Email marketing will be integrated more closely with other marketing channels, such as push notifications and in-app messages, to create a cohesive omnichannel experience and reach customers through multiple touchpoints.
Types of Email Marketing
1. Welcome Emails
Welcome emails are your brand’s first communication with new subscribers, customers, or users who have signed up for their services, products, or applications. These emails often include a warm greeting, a thank-you message, onboarding steps, and valuable information about the business, its products, or services.
They serve as an essential touchpoint in the customer journey, helping to nurture relationships, drive engagement, and set the stage for a positive customer experience. Welcome emails have high open rates compared to other emails, with an average of 50%.
The welcome email from the e-learning platform Edureka welcomes subscribers and gives them an idea of how it can help learners, and adds a CTA to pick up a course.
2. Promotional Emails
61% of subscribers are interested in receiving promotional emails from their desired brands every week.
These emails are designed to promote specific products, services, or offers. They can be used to announce sales, discounts, or new arrivals. They aim to drive sales, increase conversions, or encourage customers to take advantage of limited-time deals.
For example, Uber sends a promotional email highlighting a discount on your rides this week.
3. Newsletter Emails
Newsletters are periodic emails that provide a comprehensive overview of recent developments and valuable insights into a company. 81% of B2B marketers consider email newsletters as the cornerstone of their content marketing strategy.
The purpose of newsletter emails is to keep subscribers informed and engaged. These emails typically include articles, blog posts, industry news, product updates, or curated content relevant to the audience’s interests.
Frequency plays an important role in newsletter emails. They are typically sent regularly, such as weekly, bi-weekly, or monthly. The frequency depends on audience preferences and the sender’s goals.
Upshot.ai, an award-winning customer engagement platform, shares the latest blogs, guides, videos, and recent developments in the Mar-tech industry as newsletters.
4. Abandoned Cart Emails
Abandoned cart emails are sent to customers who have added their selected items to their online shopping carts but still need to complete the purchase. These emails are reminders and incentives to encourage customers to return to their carts and complete the transaction.
These emails often include images of abandoned products, a personalized message, and sometimes even offer discounts or free shipping to motivate the customer to complete their purchase.
Abandoned cart emails are considered one of the most potent ways to boost sales and encourage customers to complete their purchases.
- The email open rates for shopping cart abandonment are around 43%.
- The click-through rates (CTRs) for these abandonment reminder emails are encouraging, with an average of 9.16%.
- Sending a series of three emails to customers who have abandoned their shopping carts results in 69% more orders than sending just one email.
In this scenario, Flipkart, an eCommerce platform, sends reminders to customers who have added products to their cart but haven’t completed the purchase. The purpose of these reminders is to encourage the customer to reconsider and complete their purchase.
5. Transactional Emails
Specific user actions or transactions trigger these emails, such as order confirmations, shipping notifications, password resets, and account updates. While primarily informative, they can also include upselling or cross-selling opportunities by offering discounts on the next purchase.
For example, after a customer completes a purchase, they receive a transactional email confirming the order details. In this case, Bookmyshow, an online booking platform, shares a ticket confirmation email.
6. Re-engagement Emails
Re-engagement emails are sent to inactive subscribers who haven’t interacted with your emails or visited your website/app for a while. These emails aim to reignite their interest and prompt them to re-engage with your brand.
It’s 5 times cheaper to turn someone who never opens your emails into a customer than to acquire a new customer. More than 40% of email subscribers will churn within the first year. So, it is crucial to run engagement campaigns with great subject lines and preview text to grab subscribers’ attention.
7. Upselling/Cross Selling Emails
These emails attract customers to enhance their purchases or explore related products. Subscribers receive relevant products or services based on customer journey and purchase history. It will suggest complementary products that perfectly complement their previous purchases or showcase premium versions that elevate their buying experience.
Upselling/Cross-Selling emails not only drive revenue growth but also foster long-term customer loyalty by delivering personalized offers and demonstrating a genuine understanding of the customer’s needs and preferences.
For example, a cosmetics brand can email a customer who recently purchased a face cream, recommending a complementary product like a serum or a moisturizer, emphasizing its benefits.
8. Seasonal and Holiday Emails
Seasonal and holiday emails capitalize on occasions like Christmas, New Year, Black Friday, or Valentine’s Day.
These emails are designed to create a sense of celebration and encourage subscribers to take advantage of limited-time offers, discounts, or exclusive holiday-themed products.
Seasonal emails often feature festive visuals, holiday greetings, and compelling promotions to drive engagement and sales during peak shopping.
For example, eCommerce brand Myntra sends seasonal/festive emails to engage customers and drive them toward purchases.
9. Event Emails
Invitation emails are sent to subscribers, captivating them to join live or online events, webinars, workshops, or conferences your company hosts. These emails concisely present event particulars and offer registration information, making participating convenient for recipients.
Highlight the unique value and benefits of attending the event. These emails capture recipients’ attention and motivate them to participate actively.
An edtech platform, Simplilearn sends email invitations to its subscribers, inviting them to a free program overview on Cybersecurity. The email details the date, time, speakers, topics, and a registration link.
10. Survey or Feedback Emails
These emails are sent to gather customer feedback, opinions, or reviews on their offered services or products. By sending surveys or feedback emails, companies can demonstrate their commitment to customer satisfaction and willingness to listen to their customers’ voices. These emails provide customers a platform to express their opinions, share their experiences, and provide valuable suggestions.
The information gathered through surveys or feedback emails is immensely beneficial for businesses. It allows them to identify areas of improvement, address customer concerns, and refine their offerings according to customer preferences.
Netflix sends emails to its customers requesting feedback. The best way to get feedback is to offer a coupon or a chance to win a gift card as an incentive.
Conclusion
In today’s saturated digital landscape, email marketing remains a powerful tool for businesses to reach and engage their target audience. Despite the overwhelming number of emails received daily, well-crafted, personalized, and optimized for mobile viewing, email campaigns can cut through the noise and engage your customers.
While SMS and push notifications also play a role in marketing strategies, email marketing has several advantages, including a larger user base, lowers costs, and more extensive content possibilities.
Leveraging the email marketing campaigns mentioned above can enhance communication strategies, develop stronger connections, and drive desired goals.
Request a demo to learn how Upshot.ai can help you in email marketing.
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With Upshot.ai, banks, Insurance, and FinTech firms can enhance their digital experiences with pre-built gamification features. It can provide personalized insights, actionable recommendations, and contextual nudges designed to deepen its relationship with its users.
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