Yes Email Is Effective and Alive
This is a relevant study just released yesterday from Shop.org and Forrester on how super effective email marketing is for retaining customers and a top priority for many marketers.
Some key highlights:
E-mail marketing to house files is delivering higher response rates and lower costs per order than other channels
E-mail is delivering sales at an average cost per order of less than $7, according to two surveys conducted by Forrester Research on Shop.org’s behalf to create the State of Retailing Online 2007 report. This is compared to $71.89 for banner ads, $26.75 for paid search and $17.47 for affiliate programs.
91% percent of those surveyed said they use e-mail to a house list as a marketing tactic while 88% of them said it has increased as a priority in 2007
Average click-through and order-conversion rates of e-mail are an astounding 11% and 6%
Most popular and effective e-mails are those that tout online-only promotions, with 71% of those surveyed saying they use the tactic and 66% rating it as “very effective.”
One of the lowest-rated types of e-mails were those following shopping cart abandonment, with 17% saying they use it and 13% rating it very effective.
More info and full article here:
http://directmag.com/disciplines/email/email_metrics_healthy/
Thanks to The Email Wars for this great article.