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This
feature is not just another article that talks about tactical
issues such as which subject line is best or whether it is
best to use a generic or personal ‘From’ address.
While these
issues are all valid more important issues such as why are you sending e-newsletters
in the first place and what you are actually going to offer your list that they
cannot get on numerous other lists.
By taking
a step back and understanding these issues before rushing into your newsletters,
your newsletters will become more targeted and more valuable to the recipients.
Why
are you sending e-newsletters?
Typically
the answer to the above question will be one or a mixture of the following:
- Convert prospects to customers
- Retain existing customers
- Cross-sell and sell more to existing customers
- Position your company as the authorative voice in your industry
- “Our competitors all have one so we should as well”
Apart from
the last answer they are all good reasons for sending newsletters as the medium
is ideal for communicating with prospects and customers over a long period of
time.
Many newsletters
will try and cover a few of the above objectives with a single version. This
can work in some cases. For example:
An online
retailer of CD’s may want to convert prospects to customers along with
retaining more customers.
They compete
almost entirely on price and the newsletter reflects this with a selection
of the bestsellers shown with their low price highlighted and the nearest
competitor’s price also shown so the difference is clear.
It serves
both purposes by offering lower prices than the prospect is currently getting
while existing customers are reminded that there is no point going to another
online shop because they would have to pay more.
But what
about the vast majority of businesses that do not compete on price but on service
levels, quality, relationships, expertise and more? The example below explains
this:
A B2B
supplier of project management software solutions would not be maximising
the effectiveness of their newsletters if they sent the same messages to both
prospects and existing customers.
Prospects
should receive case studies and articles on how the software can save the
organisation thousands of pounds in costs each year by making it easier to
manage large-scale project rollouts in their particular industry.
However
existing customers would benefit from tips and features on how to get the
most out of the software to ensure they realise the full benefits and therefore
renew their annual subscription to the software and buy further licences.
Having analysed
what you want to achieve with your newsletter, and how many variants you require
for each of your target markets, it is now possible to decide how you are going
to achieve it.
Why are your newsletters indispensable?
If your
newsletter is going to be effective it goes without saying that people will
have to read it. With so many messages arriving in their email inboxes customers
will delete anything they do not feel they will benefit from reading. Think
about what your recipients would find your newsletter so useful they would look
forward to receiving your email.
Here are
some examples:
B2C
Newsletters
- Offer money off vouchers in the email
- Newsletter
specific competitions and prize draws
- Topical
jokes
B2B
Newsletters:
- Latest industry benchmarks
- Specialist market research
- Other useful information they cannot easily get elsewhere
It is important
not to just do what your competitors are doing – that defeats the object.
People will not stay subscribed to two companies newsletters if they both offer
exactly the same.
The next
challenge is getting the balance between fantastic content and the sales pitch
that creates your return on investment. While good newsletters should provide
great content – if this content does not lead to you increasing your sales
(if that is your objective) then it is hard to justify your return on investment.
However if you reduce the value of the newsletter to the recipient by attempting
to be too aggressive in your sales pitch then your recipients will stop reading
your newsletter and unsubscribe.
Generally
this balance is a lot harder to achieve in B2B industries than B2C where the
key features of the newsletter for recipients are the sales pitch of the new
releases and special offers.
Summary
The reasons
above are why email campaigns succeed or fail – either there is a ‘one
size fits all’ approach, no killer feature that recipients have to read,
or the balance of selling is not right.
Whether
you are running e-newsletters or think of implementing one, by thinking of the
newsletter from a more strategic point of view rather than rushing head first
into running a campaign you can make it more effective.
With so
many messages in each inbox daily, not thinking about your objectives and why
your newsletter is important to your readers will result in your newsletter
getting lost in the inbox clutter.
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