Email
marketing is one of the most effective and inexpensive ways to find and keep
new customers. Email Marketing is the process of sending e-mails to
acquire new customers and convince existing customers to make additional
purchases. It is also used to enhance the relationship of a business with
its customers and prospects and encourage customer loyalty and repeat business.
By
building a mailing list, a business can create an extremely valuable asset.
The advantages of email:
- Email lets you send information
to a wide range of existing and potential customers at a much lower cost
than direct mail or printed newsletters.
- E-mail marketing allows you to
track your return on investment exactly and is often reported as second
only to search marketing as the most effective online marketing tactic.
- The delivery time for an e-mail
message is short (i.e., seconds or minutes) as compared to a mailed
advertisement (i.e., one or more days).
- E-mail marketing is paper-free
(i.e., "green)
- Once you have a large list, you
can "rent" your list to 3rd party marketing
firms that will mail other offers to people on your list - this can be a
significant additional source of revenue for your business.
How to build your email list:
Include
an email sign-up box on your web site. Giving away a free report or
"how-to" white course is a great incentive for people to
subscribe to your list.
You
can also collect the email addresses of people that drop-off of your cart page
after entering their email address. You can then send them a follow up email
offering a discount to complete the sale.
Once
a person submits their e-mail address to you they become an opt-in subscriber.
Don't just send emails that attempt to sell things but rather offer them
information, free reports, and tidbits of news and advice. That way they will
be more likely to purchase it as something you recommend to them, not just as
something you are selling.
Key points to remember about email:
The
sending of unsolicited email is forbidden by law and can involve severe penalties
for violators. It is governed by the federal Can Spam Law.
You
should only send email to a person when they have "opted-in" to
receive it. When you collect a person's email address, be sure that you explain
how you intend to use their email. Include a privacy policy on your web
site and place a link to it next to your email collection box.
Due
to the large amount of spam email, it is getting harder to get legitimate
commercial email delivered into people's inbox. Specialty software and
service firms have emerged to help business manage their email programs and
ensure that their emails are not blocked as spam.
Although
it takes time and effort to maintain and grow, a mailing list can end up being
the most powerful tool in your internet marketing arsenal.
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