by Patrick
Valtin
© 2007
www.powermarketingmania.com
Is
it or isn't it workable?
Email marketing gets a
bad rap. The controversy about email marketing is a quagmire that leaves many
business owners in confusion in its wake.
According to
a new study by the Direct Marketing Association, email marketing delivers the
highest return on investment of all media available to marketers. The study also
projects that email driven sales in the United States will show a compound annual
growth rate of 14.9% between 2006 and 2011. But, statistics like that only bring
about real understanding when the outcome of email marketing impacting long term
customer-relationship-based revenue streams is fully known.
Patrick
Valtin, sales & marketing expert, President of M2-TEC USA, INC. and founder
of one of the largest consulting company in Europe called U-MAN BELGIUM claims
email marketing is highly profitable if done correctly. The main mistake is trying
to convert a prospect when embarking on email marketing, he says. The direction
one should take is instead is trying to attract a qualified prospect.
Attract
first, don't try to convert. It's actually common sense if you think about it.
What if some one came up to you and said BUY THIS with no enticement as to what
it was and what it could do for you? Would you buy (convert)? Probably not. But
say a girl scout comes to your door with a tray of cookies for you to pick one
to sample. Did she entice you, attract your attention first? Yep, mostly likely.
And how many boxes did you buy? And moreover, how many will you buy year after
year after year on a regular basis?
Those emails that do
attract your attention and entice you by putting that cookie in front of you to
nibble on - those are the successful approaches.
That begs
the question if they already are opt-in prospects, do you still have to attract
- aren't they already qualified prospects if they are in your database?
Not
always, according to Patrick. Patrick points out the best ROI approach to email
marketing is to promote to inactive prospects and sleeping customers in your data
base with the purpose to get them active - to turn them into (entice them to be)
regular, loyal customers. Sleeping customers should also be treated as prospects.
Old, inactive prospects were curious enough to inquire into your company to begin
with. That is the crucial point as Valtin explains. "The biggest false data
out there is the saying 'they were just curious' as to the reason a prospect didn't
close. Look up curious in the dictionary - it is interest." So curiosity
IS interest. It is up to you to entice them even further so they become "sold".
Sold equates to being a repeat customer.
Valtin goes on
to say that the ways to first attract prospects are done with classical marketing
techniques before email marketing comes into the picture: pay-per-click advertising,
search engine optimization with your website, direct mail marketing - the "more
traditional" forms are the channels used to attract. Then once you get a
prospect or even a first-time customer you can start email marketing to them.
Once
your prospects are on your opt-in list, you have to entice. Just on a different
level. You have their interest - now hook them.
Three common
mistakes in email marketing are:
- " Trying to sell through the
marketing email. You have to cut the gradient to attract and then convert. The
question is: what will motivate them to join your list?
- " Making
the subject line too ambiguous; using trite phrases that are actually considered
SPAM. What you have to watch, Valtin also warns, is "too hot or too juicy
is looked upon as SPAM by search engine spiders."
and
- "
Not being consistent with "From" address line. From very beginning,
the "From" line should be consistent. Even here there is a need to have
instant recognition.
With customers receiving an average
400 emails per week and checking their email an average of 4 times per day, it
is no wonder that email marketing has taken off. But don't fall in the trap of
using it incorrectly. According to Valtin, when you screw up on email marketing
lines with prospects or customers, you get cut off and most likely don't get another
chance. It's too easy to junk your email address and be shut off from further
communication.
Three Valtin tips for being successful in
email marketing are:
- " Make the subject line personalized. "How
would you like a free weekend in Acapulco" compared with "Dear Jane,
how would you…." increases by 200-300% your chances it will be opened.
(Note: opened not converted…but attracted.)
- " Make one-time
customers into repeat customers. Offer an exclusive newsletter only for customers
with highly valuable content.
- " Have an option for people who
subscribe to your newsletter to systematically send it to a friend which acts
as a referral and consequently per Valtin, makes it viral. SPAM legislation still
requires those friends to opt-in before you can start emailing to them, but the
referral raises your credibility and will give you more bang for your buck!
Valtin
says there are many more principles to learn about email marketing. Having studied
marketing and sales trends for the last 35 years, he packs a lot of lore under
his Belgian skull. Understanding the outcome of email marketing impacting long
term customer-relationship-based revenue streams is his forte. He teaches email
marketing at marketing boot camps organized by Joy Gendusa, CEO of PostcardMania,
and Marsha Friedman, CEO of Event Management Services, Inc. to business professionals
nationwide.
"Permission-based email communications
can solidify existing relationships, initiate new ones and convert one-time clients
into long-term customers," Valtin advises. "Relationship-building emails
leverage the investment you are making in all other forms of marketing, allowing
you to grow your business more efficiently."
About The Author:
Patrick
Valtin is a renowned international consultant/trainer, specialized in human resources
and business performance. He managed a consulting and training business for 18
years, directly trained 60,000 people in more than 25 countries. He is the author
of The NE ERA SELLING® System: a down-to-earth, effective approach to constant
sales success; and The RECRUTECH® System, a practical, result-proven recruitment
procedure. Over 40,000 sales professionals have been trained by Patrick Valtin,
in more than 20 countries around the world. Professionals having attended Patrick's
sales seminars include representatives of: BMW, Renault, Peugeot, Mercedes, Toyota,
Ford, Century 21, Electricite de France, Gaz de France, France Telecom, Assurance
Generale, Zurich Insurance, AIG, Motorola, American Hospital Supply, Travenol,
Unilever, Lendl, Coffee Lavazza, etc. Visit www.powermarketingmania.com
to learn more about his seminars and workshops.
If you would
like to interview Joy Gendusa, CEO of PostcardMania, or Patrick Valtin, President
of M2-TEC USA, INC., please email PostcardMania's VP PR, Karla Jo Helms at karla_jo@postcardmania.com
or by calling 800-628-1804 x 342.
