Depending on your niche, you can see an average return of around forty-eight dollars for every one dollar you put into your email marketing campaign. Email marketing is powerful because it is more direct, personal, and cost-effective than other marketing avenues.
Your return on investment is a simple math equation that requires knowing your current revenue gained and the costs of receiving those gains. To determine your current ROI, take your revenues gained and subtract your costs. Then take that value and divide it by your costs again to determine your return on investment.
The equation looks like this: (Revenue – Costs) ÷ Costs = ROI
Understanding this basic equation first allows you to determine better the areas you need to improve or adjust to see a more positive return. To see a proper return on investment, your costs should be low while your revenues should be high.
Use these tips and tricks to implement now to improve your email marketing ROI:
Mobilize Your Content
It is more likely that your subscribers are reading from their smartphone than a personal computer or laptop in this day and age. Meaning you should optimize your opt-ins, lead magnets, email call-to-actions, landing pages, and website for mobile use. If the call-to-action is too hard to understand and doesn't entice a click-through, or they simply can't read the email, you won’t get the results you desire no matter how hard you work.
Add Video and Graphics
Your brain is wired to receive and digest visual content. It can process and understand it way faster than written words. Therefore, make graphics and videos useful tools to communicate, educate and engage with your subscribers properly.
Develop Valuable and Engaging Content
Develop email sequences that involved a variety of different types of content. Meaning you shouldn't just spam your subscribers' inboxes with promotional emails. Include educational material and even encourage them to reply to get them to participate throughout the whole process.
Evaluate your Spending
The last thing you want to evaluate is the spending or costs required to complete the email campaign. You are more likely to have higher costs if you don't produce the content yourself or use many tools and software. While these are great options, they should only be used if you see results. Then you can add them to your costs as your revenue allows it.
Overall, improving your return requires keeping your spending low while maximizing your revenue by sending valuable, engaging, and quality content. The more value you strive to bring to your subscriber, the more likely they will return in the favor by increasing your return on investment. In other words, the more you invest in your subscribers, the more they will invest in you.
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