Let me explain more.
We live in a competitive world where people constantly love to say that the “next big thing is it” and that “Facebook is dead” or “E-Mail Marketing is dead” or “SMS Marketing is dead”. However, I’d love to know what you guys have been reading, discussing and seeing, on what’s been happening within this area.
PS- I’m a genuinely curious person that loves to hear others opinions :D please share
YOUR OPINION MATTERS! What arguments have you been using to combat "E-mail Marketing is Dead" statement?
Userlevel 3
+2
Hi
I love this question and can’t wait to hear other people’s opinions. I have recently had this conversation with a brand who wasn’t convinced about email marketing, but the proof is in the results and data. Email drives a significant amount of revenue and traffic, and can support sales across and deeper into your product catalogue.
Another thought is permissions… Customers who don’t want to hear from you, won’t sign up to your mailing list (email or SMS). As long as you are sending quality content, then a subscriber is going to be generally interested in your mailing.
The rise of Substack as a way to consume media is also really interesting. It’s all email based and a way for content creators to reach directly to someone and not get lost in Meta algorithm.
I think the days of signing up to millions of emails/sms has gone, which is why we as marketers need to ensure we only send quality content that is reflective of the brand that someone actually will open, read and click.
Looking forward to hearing from the rest of the community too.
Vic
Userlevel 4
+24
Excellent question! I actually got into a really spicy debate on this a few months ago when someone tried to tell me email marketing is dead. I slapped them with the following empirical data (some might be a little dated now but the point still stands):
The Ultimate List of Email Marketing Stats for 2023
- Email ROI is an impressive $36 for every $1 spent.
- 33% of marketers send weekly emails and 26% send emails multiple times per month.
- 77% of marketers have seen an increase in email engagement over the last 12 months.
2023 Email Marketing Statistics: Facts, Trends & Figure
- Email is considered one of the most effective channels for marketing, with 79 percent of marketers placing it in their top 3.
- The global market for email marketing software was worth $7.5 billion in 2020. By 2027, it is estimated to reach $17.9 billion.
- 55 percent of consumers say email is their preferred digital channel for business communication.
- Brands made $36 for every U.S. dollar they spent on email marketing.
Why is email marketing becoming more effective in 2023?
- A growing number of consumers stating they find email brand messages useful: in 2021 the figure was just 15%, but it has now doubled to 32%.
- Consumers continue to rank email first - ahead of all other marketing channels - for receiving brand messages about discounts, offers and sales (64% rank it first); new products/services (53%); and advice, information, and reviews (44%).
;)
Userlevel 5
+18
Besides the usual ROI points and the stuff that Victoria and Kaila mentioned (great points btw!), I always like to approach this debate from a privacy and data ownership perspective.
To date, email marketing is the only area of digital marketing that lets you process and organize OWNED data, transforming it into viable business information.
By subscribing to your email marketing program, even if no purchase was made, customers or prospects actually allow you to process an incredibly large quantity of their private data. This is along the lines of what Victoria was saying with her paragraph about “permissions”.
Where this gets 100x amplified is the demise of cookies and third-party data. Since this will become obsolete, the only type of data you’ll be able to collect are actually first-party (or zero-party) data, which is a fancy name for literally just asking people to tell you about themselves (as opposed to spying on them which is what third party data collection basically is). Email is the only marketing facet that allows you to collect this at scale, store it (in your ESP), and then use it to market your products, without any sort of paralegal or grey areas, workarounds, etc.
This makes it not only not outdated, but also future-proof and incredibly important for any business with an online component.
AND THEN, you actually make money with it!
Happy to chat further!
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