Email has now for many people become a big of their lives. Whether it is for personal or business purposes, email is so powerful that it allows anyone at any time to communicate with others around the world almost instantly. Global communication is pretty simple, easy-to-use and most importantly free. Any business, no matter how big or small, how international or local should learn to embrace this tool as an effective way to reach a larger target audience and also communicate with stakeholders whether that be shareholders, customers, suppliers or even staff.
Through the use of email marketing, businesses can now build a trustworthy, strong and interactive relationship with their existing and new customers and clients. But why? Why should a small company use email marketing? There are so many other ways so why email? We look at 5 reasons as to why experts recommend small businesses to use email marketing.
As a small organisation all you ideally want, is to keep the existing customers coming back and the new ones to coming in. However, you know it means resources. It means time, money, staff and you kind of don’t know what would work and what would not. If you results, email marketing is probably your best choice.
Email marketing is a cost-effective solution that gives businesses the power to reach customers in a place most place most people visit every day – their inbox (Forbes, 2015). By doing this, you as an organisation are effectively sending email messages to a list of potential or existing customers with information as a way to promote the products and services your business provides (Truex, 2015).
The real truth is, it has worked before so why wouldn’t work now? Despite the rise of social media being used to digitally market companies, email is still one of the biggest and most commonly used platform. For example, a recent study has revealed that 91% of consumers check their emails every day; this number is far higher than the number of people who use Facebook, which is the most popular social network. It is also said that email is almost 40 times more effective than Facebook and Twitter combined in helping a business acquire new customers (McKinsey, 2014).
So why should you really use email marketing? Content Manger at Forbes, Ryan Pinkham breaks it down and we look at the top 5 reasons and how if you were a small organisation in London could benefit from email marketing.
#1. Build credibility
As a business, you want your customers to feel like they’re doing business with people they know, like and trust. Email allows this to happen and gives you as business the opportunity and platform to build that credibility with your customers and clients by sharing and giving them access to helpful information in the hope that those customers will soon become loyal.
#2 Boost Sales
It’s pretty simple and probably the obvious benefit of email marketing. Ideally, the more people who know about you, the more they’re going to come to you. By receiving updates, deals and offers, you will think about your target audience and meet their needs in order to effectively meet yours.
#3. Strengthen relationships
To build that strong foundation and relationship with your customers and clients, every business no matter how big or small should and effectively must have a great, working and efficient communication tool. This tool is ideally going to help you as a business communicate with those who matter most. With millions of people checking their email every day, the platform gives you the ability to top-of-mind and keep people engaged and informed about your business no matter what time of day or year.
#4. Learn what works
To understand how effective any digital marketing platform is, you need data. These metrics are the key to finding out if you are doing the right thing or the wrong one. Performance is key and email marketing and the data that it produces helps you digital market your business smarter and more effectively. It also gives you a better understand of your customers’ needs. For example, if your customers aren’t actually opening their emails and straight away delete them; you need to think why and could maybe reword your email, change the format or even opt to personalising each email for each customer.
#5. Reach people on any device
Smartphones alongside emails are taken over the world by storm. With nearly two-thirds of all emails being opened on a mobile device, email marketing seems like the easiest way for business to get information across to its customers so it’s accessible for them. Most smartphones can link almost 5-6 email accounts to one phone which means that the customers are more likely to see and view the emails at any time or any place. This will improve your data figures and customer engagement.
But there are limitations to using email marketing for small businesses especially including the resources including the cost, time and staff resource. However, in the long run; it is sure to be worth it in the long run for your business.
References
Aufreiter. N, Boudet. J, & Weng. V (2014) Why marketers should keep sending you e-mails [Online] < http://www.mckinsey.com/business-functions/marketing-and-sales/our-insights/why-marketers-should-keep-sending-you-emails> [Accessed 27th April 2016]
Butters, K. (2014) How important is email marketing? [Online] <http://www.201digital.co.uk/important-email-marketing/#ixzz46y8PrqGH> [Accessed 27th April 2016]
Edgecomb, C. (2013) 25 Compelling Statistics about the importance of Email Marketing [Online] <https://www.impactbnd.com/blog/25-compelling-statistics-about-the-importance-of-email-marketing> [Accessed 26th April 2016]
Forbes (2015) 10 Reasons to use Email marketing (As Told by Small businesses) [Online] <http://www.forbes.com/sites/constantcontact/2015/09/17/10-reasons-to-use-email-marketing-as-told-by-small-businesses/#7dc330db7eba> [Accessed 26th April 2016]
Truex, L. (2015) Email Marketing [Online] <http://homebusiness.about.com/od/homebusinessglossar1/g/email_marketing.htm> [Accessed 25th April 2016]