30% of Ecommerce Repeat Purchases Come from Email Marketing
“Ecommerce businesses should concentrate more of their efforts on traditional online marketing tactics like search and e-mail rather than social media,ā declared a September Forrester report (āThe Purchase Path Of Online Buyers In 2012ā), after determining āthat less than 1% [of orders] could be traced back to social networks like Facebook or Pinterest.”
Forrester advises: “For repeat shoppers, e-mail is the most effective sales influencer: Nearly a third of purchases from repeat customers initiated with an e-mail. As such, businesses should up their efforts to collect e-mail addresses, and tailor their e-mail marketing messages to each recipientās device and prior purchase behavior.”
So if you have an ecommerce business ask yourself if you are taking full advantage of e-mail marketing to increase your sales and profits. Admittedly, it takes a bit of time, focus, strategy, and ongoing testing to get the results ā but the ROI is clearly there. We know this well from our ecommerce clients, but itās nice to get it confirmed from a reputable third party like Forrester.
A few common tactics to get the most out of your ecommerce emails:
Donāt Treat Them All the Same
Are you sending ābatch-and-blastā type emails where you are treating all of your database the same? When was the last time you segmented out those that did not purchase or engage in the last 6 months or a year? Or sent a different message to those that just purchased? Do it and watch you sales increase!
Set-up Cart Abandonment Emails
If you have a typical ecommerce site you are probably experiencing at least a 70% cart abandonment rate. Can you afford to let all those potential buyers disappear? You can capture some of them. With cart abandonment emails you may be able to convert 10-15% of these prospects to clients! The key to cart abandonment is a tight integration with your ecommerce platform and an ability to send real-time emails when someone abandons, and then follow up with 3-4 more reminders.
Use Triggered Emails
In addition to automated cart abandonment triggers you can easily automate a “Welcome Campaign” for new subscribers to your email list, or following a purchase, with an offer to āLikeā you on Facebook and receive a discount on your next order. If you sometimes have items out of stock, automate a āback-in-stockā trigger to get those prospects back and purchase. There are numerous other ideas you can explore with automated emails.
The Forrester article mentioned a few other very interesting data points that are not related to email marketing:
Following direct visits to ecommerce web sites, organic search (SEO) and paid search (PPC) were responsible for more than 29% of new customer transactions.
Social media is effective as an engagement platform and an influencer but direct correlation to transactions is still a way off. The study saw less than 1% of transactions linked to social media.
The study focused on larger ecommerce sites and as such small businesses may have different results. Hereās some additional information from a Mashable article discussing this report.
So if you want to maximize your e-commerce sales concentrate your efforts on utilizing search marketing and email marketing advanced features. Give us a holler to set up a cart abandonment program or drive more traffic to your site using SEO and PPC.