Email marketing is a great way to reach new customers. And while landing new customers is an outstanding reason to use email marketing, it isn’t the only one.
Customer loyalty is another reason to employ email marketing. After all, customer loyalty is essential to the success of any business. Further, it is much more expensive to obtain a new customer than it is to retain a current one. And according to a recent study, email marketing did more to promote customer loyalty than social media.
Of course, using email to attract new customers and using it to retain current ones require slightly different tactics. Therefore, it’s important to know how to implement an email campaign that specifically targets your existing customers. What follows are some tips that will help make sure that you are engaging current customers with your email efforts.
- Get personal. A person’s name in the subject line is proven to increase open rates and increase spending! One study showed that transaction rates were more than 20 percent higher when an email was personalized in this manner.
- Remember that content is still king. Content that connects, educates and inspires is particularly important when targeting existing customers. If an individual is your customer, chances are that you have earned their trust. Continuing to provide them with quality content will take it a step further. They will come to see you as a thought leader in your industry and will be more likely to make purchases based on your recommendations.
- Segment your lists. Just as your target audience of prospects is segmented, your target audience of current customers should be, as well. A good way to make sure that your emails are being read is to tailor those emails to a particular demographic. Research shows that segmented email campaigns have an almost 15 percent greater open rate and get almost 60 percent more clicks than those that are not segmented. The best part is that since these are your customers, you have the data necessary to segment your list. Choose demographics such as age, gender, income, locale, purchase history and more.
- Don’t forget the call-to-action. Of course, there is one important thing that all emails-whether they target existing customers or prospects-must contain. A well-written, easy to see call-to-action is critical to getting customers and prospects to take the next step.
Email marketing is a tremendous way to attract and retain customers. The key is to tailor each campaign for the individuals you are targeting.