MARK312 – C7 – Email Marketing – Flashcards

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Disadvantages of the Internet as a Marketing Tool
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• Difficult to Control • Limited Audience/Consumer Types (old people don't use the internet) • Driven by The End User (we're not in control) • Lack of Technical Support
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Customer Acquisition Techniques
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- Email promotions - Online advertising - SEM - SMM - Affiliate programs - Portal deals - Viral marketing - Events and PR - Offline advertising/promos
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Advantages of Email
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• Creates A True 1 to 1 Channel • Can be used by any marketer • Cost-Effective • Can Be Personalized • Well-Suited to Retention Campaigns • Measurable (like any good Direct Marketing Technique) • It's Everywhere • Direct and Indirect Reach (Forwarding)
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Email has evolved
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From broadcast (high volume, irrelevant spam) to permission (segmented, relevant, value added communications) to engagement (personalised, one to one, dialogue based emails).
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Steps of integrating email and SM
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- Collect emails from visitors to SM site - Verify permission - Send permission-based emails - Use ongoing communications to develop relationships - Enhance relationships through customer dialogue
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Increasing levels of permission
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- Double opt in (best) - Confirmed opt in - Opt in - Opt out (worst)
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Disadvantage of double opt in
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You lose about 60% of customers
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Developing an Email Marketing Campaign
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1. Gather customer data 2. Derive customer insight 3. Evaluate response 4. Suggest proactive action
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Measuring Response
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• Click-Through Rate-Number of email offers clicked on divided by number opened • Click to Purchase Rate-Number of purchases on divided by number of emails opened • Open Rate-Number of email offers opened divided by number delivered
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Targeting
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refers to directing marketing communications to individuals or businesses that have been identified as valid prospects for acquisition or retention for the good or service.
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Personalisation
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involves the creation of specialized content for a prospect/customer with a known profile
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Customisation
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is the creation of new content, services, or even products based on the needs and wants of an individual
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Golden R's of Email Marketing
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• Relevance - make it relevant • Respect - do it with respect (Is my data used responsibly?) • Recipient Control (Do I have a choice over how my data is used?)
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Email marketing advantages
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• Can Be Developed Quickly • Content Is Flexible, Including HTML and Rich Media • Distribution Is Controllable By Marketer • Can Be Tested And Revised For Effectiveness • Inexpensive
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What is the key issue with Email Marketing?
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Getting and Maintaining Good Opt in Lists
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Email Summary:
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• Email is Pervasive: Newsletters, Alerts, Other Communications • Consumers Start Their Day with Email • Message Timing Increases Response • Personalization, Short Subject Lines Can Help • Acquisition without Permission is Risky • Customer Retention Marketing is Appropriate Use • Spam is a Threat to Email Marketing • Good List, Permission are Key • Integration with Other Communications Channels, i.e. Social Media, increases effectiveness • Anti-SPAM Compliance Critical • Campaign Management Can Increase Effectiveness
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