Page 165 – BenchmarkONE

Marketing Automation vs. E-mail Marketing

If you are an insurance agent and are completely confused by how to get started on your e-mail marketing simply because you don’t understand all of the terminology, you are not alone! Marketing automation, lead nurturing, e-mail marketing, e-mail blasts and newsletters among some of the many words you will hear in the industry.

This can be extra confusing when searching for a software to enhance your e-mail marketing tactics. Do you go for an e-mail marketing software? A marketing automation software? or a lead nurturing software?

Because of all of the confusion, we thought we would break down 2 common terms in this blog: e-mail marketing and marketing automation.

E-mail Marketing:

  • E-mail marketing itself is a marketing process that means sending your leads and prospects direct communications via e-mail.
  • An e-mail marketing software can have a wide range of features, but most e-mail marketing software programs provide:
  • html-style designed newsletters
  • ability to send to a large list
  • ability to see opens and link clicks

There are some advantages to sending newsletters and mass mailings. That said, its not what we preach at Hatchbuck for a few reasons:

  • HTML- style newsletters are more likely to hit SPAM filters than a text only e-mail
  • Sending to a large list may be identified by SPAM filters as well. Also, it just seems less personal and the information is less targeted than if you were sending to small sub-sets of contacts based on their interests.

Marketing Automation:

Marketing Automation refers to the process of using a software to help automate your business’s marketing practice. A marketing automation software should be able to track contacts behavior and automatically segment them, send them relevant information and notify when sales reps need to call. A marketing automation software usually includes:

  • CRM (customer relationship management) features (think keeping tasks and notes on each individual client and being able to store valuable information)
  • Multi- Step lead nurturing campaigns (Not sure what lead nurturing is? Click here)
  • Ability to track behavior and automatically complete actions based on that behavior
  • Track and Analyze Behavior
  • Marketing Automation systems are more full featured than e-mail marketing systems. Each type of software has it’s own market. Sit down and think about what your business’s e-mail marketing goals are and how your sales process works (or how it should be working).

Insurance agents find value in a marketing automation system because it allows them to automatically follow up with prospects, stay in touch with customers and promote up-sell opportunities as well as signal for the sales reps to call the “hottest leads” so that you aren’t wasting time calling cold leads who don’t (yet) have any interest in your products.

Still overwhelmed? Check out “Is Marketing Automation right for my Small Business” here.

Tell A Business Story Worth Hearing

“I realized the importance of having a story today is what really separates companies. People don’t just wear our shoes, they sell our story.” – Blake Mycoskie, Founder of TOMS Shoes

As a small business, you are not stranger to the concept of building better relationships with prospects and customers. After all, people do business with companies and people they know, like, and trust. One of the easiest ways to lay the foundation for a successful relationship is to tell a business story the prospect or customer can relate to from the beginning.

In my blog post 5 Small Business Lessons from Pinterest Quotes, I mentioned one way angle to tell your small business story – Own what makes your business unique. Products and services between businesses are often similar yet their culture, hardships, shared belief are so different from one another. A great way to tell a great story is to elaborate on those distinct differences which make your small business unique.

What inspires your small business? Who do you look to for inspiration? What keeps you motivated? I urge you to answer questions like this and really pinpoint a time your small business faced a challenge and overcame adversity. Allow people to connect with your small business story – you will find that they celebrate your success with you once they become a part of your unique story.

Our Short Guide to Successful E-mail Marketing

MarketingSherpa’s 2012 Email Benchmarking Report identified that 67% of organizations increased their email budgets last year, with one-fifth of them increasing it by more than 30%.

While e-mail marketing is the new standard for businesses, there are a lot of factors to consider when starting an e-mail marketing campaign.

Should you get an html template? Should you send to your whole list? Which e-mail address should it come from? How do you optimize opens and clicks? Should you do testing?

Overwhelmed yet?–Don’t be. The first step to e-mail marketing is… just get started! There are certain things that every e-mail marketer should know before getting started. However, your business and audience is unique to you, and you will learn what works for you best as you proceed.

There are 3 main things that every e-mail marketer needs to do: Get your Emails Opened, Optimize your Response Rates and Track, Analyze and Test. Here are our tips throughout this process:

1. Get your Emails Opened

It has to get opened to get read! Here are some tips on getting your e-mails opened:

  • Subject Line: Keep it short and don’t get too creative. If it sounds like you’re marketing, the recipient will hit delete. 
  • Who is the Sender? Make sure that the e-mail is coming from you (the person), not you (the company). Having a personal touch makes the e-mail seem like it was  written just for the recipient and not part of some mass marketing mailing.
  • Segment your recipients: Sending relevant information to smaller segmented groups in your contact list is going to give you the best results. Your contacts are more likely to open an e-mail that tells them what’s in it for them and contains information pertaining to their interests.

2. Optimize Response Rates

  • When do I send? There is no “magic send time.” Consider your audience: do you have mostly work e-mails? If so, they will be checking their e-mails during the day. If not, send after work hours. Do you have many different time zones? Don’t send a mass blast to your whole list if it’s going to be 2 a.m. for some of them. As far as day of the week, usually Mondays are busy and people are mentally checked out by Friday. Tuesday mornings are my ideal time, but that doesn’t mean that is best for you! 

This chart from Adweek actually shows that more marketers’ e-mails were responded to on the weekend: (Check out the full article on sending times here.)

performance

 

  • Let them Unsubscribe! Make sure that the system you are sending from has an “unsubscribe” link. Sending information to people that don’t want it does you no good. 
  • Help, don’t Sell: Don’t send out pushy sales e-mails. Unless you want to receive SPAM complaints. Send out helpful, educational information that pertains to your industry. Doing this will solidify your image as a trusted adviser and expert, not a pushy salesman. 
  • Text, Text, Text: A text-only e-mail is much more personal than a heavy HTML newsletter e-mail. Also, heavy HTML can be flagged as SPAM and looks like it came from a business, not a person. 

3. Track, Analyze and Test

  • Look at Opens and Link Clicks: This will let you know which e-mails are better received and which material your contacts were most likely to click through on. This enables you to make more successful e-mails in the future. 
  • Test Everything: Look at what works and what didn’t and test things like sending dates and times, subject line content and e-mail body content. Without testing, you may not get your optimal results. 

The majority of the leads you market to are not yet ready to buy, but are going to buy at some point. By sending an effective e-mail nurturing campaign you and your business stay top of mind and become positioned as an expert in your field. This helps to ensure that when they are ready to buy, they come to you.

3 Foolproof Ways To Get More Referrals

 

Many small businesses would like more customer referrals, but don’t necessarily know how to go about receiving them. Ideally our enthusiastic customers would reach out to their dearest friends and colleagues and recommend our product or service, but we know that is not typically the case. If you get frustrated by your companies lack of referrals despite the positive feedback you consistently receive, give the following a try.

3 Foolproof Ways To Get More Referrals

Simply Ask

Sometimes the easiest and most effective way to go about getting referrals is to simply ask for them! A happy customer leaving your office or emailing you to thank you is the perfect time to slip in and ask for a referral. You may be surprised that more times than not, a happy customer is willing to hand you over some contacts if you ask!

Give To Get

While trying to receive referrals yourself, don’t forget to also give referrals for others. Often times referring someone else can create a larger network of contacts. In return, the person or company you referred will mostly likely jump at the opportunity to recommend you. Don’t forget the principle, you got to give some to get some – this attitude can go a long way in growing referrals!

Use Email To Your Advantage

If your customer has just purchased a new product or service from your company, an email should follow immediately after offering them a “refer a friend” opportunity. Remember to keep your emails tailored and to the point, with a clear call to action. What can your business offer up in exchange for a referral? Make it worth your customer’s time to reach out and offer a referral! A short email with a distinct call to action and referral link will be crucial in getting customers to act.

2 Types of Questions You Probably Aren’t Asking In The Sales Process

Asking the right types of questions during the sales process is crucial to producing a high quality sell. The problem with so many sales people is that they ask low quality questions and make pitching their product/service the forefront of their conversation. In this case, they never help find the root of the prospects problem to begin with. Quite frankly, when you listen and ask the right questions, you will learn more about your prospect and put yourself in a better place to help solve a problem and make someone’s life easier. This also helps lay the groundwork for a relationship that strengthens credibility and enforced trust over time.

2 Types of Questions You Probably Aren’t Asking In The Sales Process

Qualifying Questions

Not prospect you run into will be an ideal fit for you and vice-versa. It may be a huge waste of time if you’re trying to sell to someone who just isn’t the right fit for what you are offering. Asking qualifying questions up front can help you identify whether you should move to the next stage of the sales process with the prospect.

Open-Ended Questions

Getting the prospect directly involved in the conversation can allow you to truly expose and understand their needs. Often times, sales people try to sway prospects into answering questions a certain way that reinforces what they are trying to say.  Open-ended questions usually start with “who, what, when, where, why, how,” and build conversation. Asking open-ended questions allows the prospect to answer honestly, builds rapport, and instills trust between the prospect and sales person.

 

We have 2 ears and 1 mouth for a reason! Go forth and keep an open ear, ask good questions, and build better relationships with your prospects!

Why NOT to create an HTML style newsletter

HTML style newsletters are the trendy thing in e-mail marketing. Most of our competitors offer an array of flashy newsletters which are appealing to many businesses. In fact, many of them only offer sending this type of e-mail in a large mass blast.

We’ve written articles on how and when a html- style newsletter is appropriate to use. However, there are many reasons why you should opt for a text-only style e-mail instead.

1. Heavy HTML may get marked as SPAM

There are a few things that may get your e-mail sent to someone’s SPAM box. My guess is that if you’re sending out an e-mail blast, you would actually like your recipients to read it. It’s more likely to be viewed as SPAM because so many businesses use this tactic to market (or SPAM) their contact list.

2. Text looks more personal

I know personally that when I receive an HTML newsletter, I assume it was sent by a company to their entire contact list. However, if I receive a text only e-mail addressed to a person from a person, I may take that as something that was written to me personally. E-mails like this tend to have higher open rates and link click throughs because they seem less like a marketing tactic.

These two reasons are why, at Systematic Revenue, we advocate for sending text only e-mails to more specific segments in your contact list versus sending a newsletter to your entire list.

Utilizing this tactic will yield higher open rates and better results because you are targeting your list based on their interest and sending them what appears to be a personally written e-mail, without actually spending the time to do so.

Marketing Health Check for 2013

Creating a great product or service, hiring a few good people, and opening the doors to your business is no longer enough to sustain your business, much less grow in today’s market. Your customers are shopping and researching online and constantly getting marketed to in both traditional and online methods (Search Engines, Social Media, email marketing). Doing the same old thing or relying on referrals and word of mouth is a death sentence.  Here are 5 things you must be focusing on in 2013; no doubt some of your competitors are already there.

1)    Capture and organize your contacts: Do you have a clean list of your contacts? (Prospects, Customers, Past Customers, Lead Sources, etc.) Can you quickly and easily see what your customers buy from you? Or what products or services your prospects are interested in? Most likely the answer is no. Even companies that have a CRM tool (Customer Relationship Management) often are not diligent about capture notes on their contacts or segmenting them effectively. Whether you have been in business for 1 year or 30, your most valuable asset is your contact list; 80% of new business can come from your existing customers.  Most businesses focus on new business and neglect their existing contacts. Why spend the time getting in front of new people if you can’t keep track of the contacts you already have?

You must effectively capture and organize all of your contacts. The pile of business cards on your desk gathering dust is not doing anything to help grow your business.

In addition, make sure you have a compelling offer (a coupon, whitepaper, testimonial, overview video, etc.) on your website that encourages visitors to enter their contact information. If you drive visitors to your website (more on this later) and don’t capture their information it is like a bucket with a big hole in it, you are going to lose a good portion of what you are trying to collect.

2)    Stay in touch: How often do you reach out to your customers and prospects? Monthly, Quarterly, Annually? It doesn’t take much to convince a business owner that it is a good idea to stay in touch with their prospects and customers.  The problem is in the practice.  You are busy and your sales people are busy.  Even with the best intentions it is virtually impossible to keep up with everyone. Your time is going to be spent on two groups, the hottest opportunities and the squeaky wheels. These groups make up about 10% of your contacts; you end up neglecting the remaining 90%.  Hire an assistant, get a business development person to focus only on this, or start researching automated marketing tools (hint, hint).

3)    Be found:  When is the last time you watched a commercial, actually read all of your mail or went to the Yellow Pages to find a business?  It’s probably been a while.  That is because the way people shop has dramatically changed.  We live in an “instant gratification” society. When somebody has a question or needs something they head to their computer and search for it. They buy on their timetable not yours and worlds have to align perfectly with traditional methods to capture the right person at exactly the right time.

Try this: Go to Google and search for your product or service and see where you show up in the results; page 1, 2…25?  Now see if any of your competitors are on page 1.

If you haven’t done it already you need to start looking into SEO (Search Engine Optimization) or Ad Words to make sure your prospects and customers can find you.

4)    Share your knowledge:  How does the old saying go?  When you assume you make an a** out of u and me.  You assume that your customers are listening as you tell them about our products and services.  You assume they will retain more information about your product or services than they actually do.  You assume that they will call you when they have a need.  You are the expert not your customers or prospects and they rely on you to be that expert. To be effective you must constantly educate them all the ways your company can benefit them, you must remind them why they and others choose to work with you and you must constantly provide value to your customers beyond just selling.

 

5)    Socialize:  Get out there.  Social media is a great way to promote yourself and your products and services.  But social media can be tricky.  People can quickly see through a sales pitch; social media sites are cluttered with businesses pushing products or services.  For example, imagine you are at a high school reunion. There is a group in the corner sharing old stories and pictures of their kids; then you walk into the group and start telling someone about your product or service. You will quickly be dismissed and alienated from the group. That is how social media works, you must be relevant to the conversation and add something of value; an entertaining story, a few relevant tips or just an idea to enhance the conversation.  If the people in the group see that you enhance their experience, the business opportunities will follow. And don’t forget, social media does not replace real face to face socializing.

Email Deliverability 101

“I’ll just hit send…”

How many of us have put together an email and sent it to our list with high expectations? I would venture to say all or most of us, only to find out oh my, my open & click through rates are poor, my bounces and complaints are high oh dear what happened?

This is a common misconception with email sending mail business to consumer or business to business is a different game all together then sending a personal email to a friend. When sending to your contacts you first need to know a bit about them and their interests. Here a couple points to consider before hitting the send button:

  1. Target/Segment your mail – the first thing I go when I get a mailing from a company that does not speak to my interests is delete the mail. I will quickly scan it but if you do not capture my attention and make me want to click through your mail chances are I will just delete it. Critically look at your mail; if you were the consumer would you open it?
  2. SPAM, SPAM, SPAM – One of the biggest issues facing mailers is the battles with the receivers. Some days your messages may inbox and others they go to spam. What accounts for this you may ask and the answer is complicated. Receivers may block your mail for a variety of reasons from they have received too many complaints about your mail, lack of engagement from your contacts (not clicking through or opening messages), the content of your email is even fair game for filtering. If a receiver does not like the content of the mail based on certain factors they will filter it. These are just a few of the reasons you could be seeing issues with not always hitting the inbox.
  3. Testing, 123, Testing – Hello, is this thing on? In all seriousness testing is one of the things you can do, even to a domain basis to see what types of mail are better received at what domains. Are text based with few links accepted better than heavy HTML blasts? Does certain language work better? If you change some things in your mailing, does that help? Think of many test scenarios and run them before you send a campaign.
  4. Permission Based Mailing – Some mailers assume that just because once upon a time someone bought something from them, implies you have permission to continue mailing them. Not really. If your list has been dormant for a long time you may want to consider a re-engagement email to peak their interest and also give an optout option.

    As part of this you may want to start with an email stating that they click on a link, which would then tag them as subscriber, and after X days those that do not have that tag would be deleted.

    Also, remove people from your mailing list that are not responsive to your emails. Chances are if they are not opening and clicking then you may need to just let them go.

Email Marketing Roundup

I love when we find other articles that share our thoughts about e-mail marketing strategy! Here are some really great ones that I came across this week and wanted to share with our readers.

1. ‘The Surprising Secret to Getting Your Emails Read’ by Drake Baer at Fast Company:

At Systematic Revenue, we always tell our clients to put the most relevant information at the top of your e-mail. This article puts a very interesting spin on that strategy!

http://www.fastcompany.com/3007432/surprising-secret-getting-your-emails-read

2. ‘3 Overlooked Aspects of Automated Messages’ by Daniel Burstein at Marketing Sherpa

Marketing Sherpa always has the BEST email marketing advice. This chart is a great example of how businesses use automated e-mails and describes the ways that they are missing out on opportunities as well.

http://sherpablog.marketingsherpa.com/email-marketing/3-overlooked-aspects-automated-messages/

3.’Email Marketing: How to Maintain Low Opt-Out Rates’ by info@meclabs.com (b2b Roundtable Blog)

This is all around great advice. Brian Carroll gives some good advice on why people opt- out of lists.

http://www.findandconvert.com/fnc-industry-news/?vaid=babb37a52019d64445ab39d745005ebc