Advice for Email Marketers - "Show Them the Love"
Last week Carpe Datum Rx sat down with Laurie Beasley, the CEO of Beasley Direct Marketing. Laurie is the president of the Direct Marketing Association of Northern California and is also a faculty member at the Online Marketing Institute. She has worked with numerous clients on their email strategies including market leaders such as Safeway, Intuit and Webex.
We asked Laurie to address a key question which is on the minds of several marketers today, "Is Social Media Killing Email?"
Citing research done by leading marketing agencies, Laurie had some interesting facts on how direct marketing was changing with the advent of social media. She believes that email marketing will become increasingly important for marketers in years to come.
Here are a few highlights from the interview.
- Compelling ROI. The typical ROI on email is 150%-300% based on established metrics. This is causing companies to invest more resources in email marketing compared to social media that is harder to measure.
- Relevance. Relevance. Relevance. Marketers need to focus on relevance The number one reason subscribers disengage with email is lack of relevance. Marketers have a great opportunity to impact revenue by generating content and targeting it segments of their population based on relevance.
- Marketing Skills. Email marketing requires a combination of technical skills and creative skills that are very hard to find. This is often a gating factor in implementing an effective email strategy.
Laurie observed that Business-to-Consumer marketers, especially retailers are doing a good job giving them relevant content and looking at ways to increase customer “delight”. In response to a question on advice on engaging with customers, Laurie summarized it in one statement – “Show them the love”.
References
Posts by Tag
- big data (41)
- advanced analytics (37)
- business perspective solutions (30)
- predictive analytics (25)
- business insights (23)
- data analytics infrastructure (17)
- analytics (16)
- regulatory compliance (15)
- risk management (15)
- fintech (14)
- banking (13)
- regtech (13)
- machine learning (12)
- quantitative analytics (12)
- BI (11)
- big data visualization presentation (11)
- AML (10)
- social media (10)
- AML/BSA (9)
- Big Data Prescriptions (9)
- analytics as a service (9)
- banking regulation (9)
- community banking (9)
- data scientist (9)
- social media marketing (9)
- financial risk (8)
- innovation (8)
- marketing (8)
- data analytics (7)
- money laundering (7)
- regulation (7)
- Big Data practicioner (6)
- CIO (6)
- Digital ID-Proofing (6)
- agile compliance (6)
- visualization (6)
- AI (5)
- AI led digital banking (5)
- AML/BSA/CFT (5)
- AML/BSA/CTF (5)
- Comminity Banks (5)
- KYC (5)
- Performance Management (5)
- banking performance (5)
- data-as-a-service (5)
- digital banking (5)
- email marketing (5)
- industrial big data (5)
- risk manangement (5)
- self-sovereign identity (5)
- verifiable credential (5)
- Hadoop (4)
- MoSoLoCo (4)
- NoSQL (4)
- buying cycle (4)
- instrumentation (4)
- mathematical models (4)
- sales (4)
- 2015 (3)
- KPI (3)
- bitcoin (3)
- blockchain (3)
- customer analyitcs (3)
- direct marketing (3)
- identity (3)
- manatoko (3)
- model validation (3)
- wearable computing (3)
- zero-knowledge proof (3)
- zkp (3)
- Agile (2)
- Cloud Banking (2)
- FFIEC (2)
- Internet of Things (2)
- IoT (2)
- PPP (2)
- PreReview (2)
- SaaS (2)
- Sales 2.0 (2)
- The Cloud is the Bank (2)
- Wal-Mart (2)
- core banking (2)
- data sprawl (2)
- digital marketing (2)
- disruptive technologies (2)
- email conversions (2)
- mobile marketing (2)
- new data types (2)
- privacy (2)
- risk (2)
- risk managemen (2)
- virtual currency (2)
- 2014 (1)
- 3D printing (1)
- AMLA2020 (1)
- BOI (1)
- DAAS (1)
- Do you Hadoop (1)
- FinCEN_BOI (1)
- Goldman Sachs (1)
- HealthKit (1)
- Joseph Schumpeter (1)
- Manatoko_boir (1)
- NationalPriorites (1)
- PaaS (1)
- Sand Hill IoT 50 (1)
- Spark (1)
- apple healthcare (1)
- beneficial_owener (1)
- bsa (1)
- cancer immunotherapy (1)
- ccpa (1)
- currency (1)
- erc (1)
- fincen (1)
- fraud (1)
- health app (1)
- healthcare analytics (1)
- modelling (1)
- occam's razor (1)
- outlook (1)
- paycheck protection (1)
- personal computer (1)
- sandbox (1)
Recent Posts
Popular Posts
Community banks, typically those with less than...
In our recent, irreverent piece, Banking AI in...
Mad and Bad, But Not a Fad