Updated July 17, 2008
Like most people on the Internet, you probably receive
your fair share of e-mail solicitations. And if you're like most
people, you probably throw many of them away without even opening
them.
But however strong your aversion to e-mail marketing
may be, there's a reason your inbox is crowded with ads - they can
work. E-mail marketing is regarded as one of the most effective
online promotional techniques around, boasting business-to-consumer
response rates of 30% and up. And if you've done direct mail for
an offline business before, you'll be pleasantly surprised by the
relatively small expenditure associated with launching an e-mail
campaign.
Long-term, your strategy should be to develop your
own in-house list of people that you can market to systematically,
over time. Not only is it the most cost-effective option, but it
provides you with the greatest assurance of list quality you can
possibly achieve. After all, you compiled it. You can build your
own list quite effectively - and surprisingly quickly - by launching
an online newsletter. However, for a large-scale marketing attack,
consider conducting an e-mail campaign using a rented, opt-in list.
E-mail marketing, unlike real estate, is one area
where the advice "rent, don't buy" is perfectly sage.
First, a purchased list is static, stagnant. The minute it's compiled,
it begins deteriorating as the e-mail account holders who comprise
it switch ISPs or open new ac-counts. A rented list from a reputable
vendor, on the other hand, is regularly checked, cleansed, and purged
of defunct addresses. Second, purchased lists often equate with
"spam", or the sending of unwanted, solicitous e-mail
to unwilling recipients. And rest assured, a spamming campaign has
the potential to inflict some serious damage to your online business
reputation.
Rented opt-in lists, on the other hand, are comprised
of people who have given advertisers permission to send them e-mail
on specific topics of interest. You have probably "opted in"
to such lists in the past - maybe without even realizing you've
done so. (The sign-up is usually tacked on to the end of a sign-up
for some other, unrelated service.) And because a list is opt-in,
you have (in most cases) a verifiably targeted audience and demographic.
A number of companies rent opt-in lists for advertising
purposes. The first step is to identify one with a solid reputation
(Netcreations, YesMail, 24/7 and TargitMail are well-known entities
that offer a wide variety of targeted lists.) Steer clear of no-name
companies offering bargain-basement rates.
Even if the company is well-known, you'll want to
do some investigative work before settling on a particular list
provider. Ask how the e-mail addresses you will be renting were
gathered and request to see samples of the sign-up pages that were
used. Ask an account representative to send you copies of ads -
ideally from companies offering a similar product or service to
yours - that have been sent to that list, along with the response
rates achieved. And have the company provide you with a link to
the reporting tools you will use to assess response rates to your
campaign.
Once you've selected a list provider, you'll need
to choose a format for your ad - HTML or plain text. While HTML
continues to grow in popularity, it comes with its share of drawbacks
- like slow download speeds and an inability for some e-mail accounts
to display HTML-formatted messages. Plain text ads, on the other
hand, are accessible to all e-mail account holders, don't require
an HTML expert to design, and have been shown to deliver comparable
returns to their flashier counterparts. Bottom line? Start with
a plain text ad and consider graduating to HTML later.
Before writing your ad, read as many effective ones
as your list rental company will provide you with - and check out
what's working in your own in-box. There's always a well-crafted
unsolicited work out there we can always learn from. Note the common
characteristics among the effective email ads: a grabbing title
with a solid offer; catchy, easy-to-read body text written in short
sentences; a clear call-to-action with links that take readers directly
to your landing page.
Finally, when your ad runs, be sure to make use
of the company's reporting tools. They will tell you how many people
responded to your ad and give you a benchmark you can use for future
campaigns.
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