9 Digital Marketing Megatrends for 2018
9 megatrends across the 5 pillars of marketing today which every business should actionGet started
We can see the importance of email marketing by using the excellent Custora Ecommerce Pulse - which is updated monthly to show the impact of different channels on sales across $40 billion of US retail transactions from retailers who are clients of Custora. Here are three data points showing the importance of email marketing:
In 2015 Email remains one of the top three channels driving sales, not far behind organic and PPC. This position is mainly because of sales to existing customers. The latest data from May 2015 shows that email marketing now accounts for 15% of all sales.
All of the top 3 have fallen a little compared to 2014 as Affiliate prompted sales have grown.
For all of our interest and attention on social media this accounts for just 2% of retail sales.
Although email marketing is mainly seen as a customer communications medium, it has grown in importance as an acquisition technique in retail. It's striking that:
Customer Acquisition via Email has quadrupled over the last 4 years.
This is thanks to prospects signing up to enewsletters or responding to pop-ups offering discounts for the first order if a subscriber signs up to email.
Here the Custora data (from earlier research) shows us that email has increased dramatically as a customer acquisition channel, so that it now rivals search.
To truly understand the value of different acquisition channels you have to assess long-term sales measured as customer lifetime value (CLV or LTV typically measured over a 3 or 5 years). Here email is positive relative to affiliates and social media marketing, but less compared to social media marketing which perhaps can be seen as sparking more 'impulse purchases'.
Given the continued importance of email marketing for retailers and other businesses, we have recently launched a more detailed guide to using Email marketing to support acquisition and customer onboarding which uses examples from a range of sectors.
By Dave Chaffey
Dave is CEO and co-founder of Smart Insights. He is editor of the 100 templates, ebooks and courses in the digital marketing resource library created by our team of 25+ Digital Marketing experts. Our resources used by our Expert members in more than 80 countries to Map, Plan and Manage their digital marketing. For my full profile, or to connect on LinkedIn or other social networks, see the About Dave Chaffey profile page on Smart Insights.
Dave is author of 5 bestselling books on digital marketing including Emarketing Excellence and Digital Marketing: Strategy, Implementation and Practice. In 2004 he was recognised by the Chartered Institute of Marketing as one of 50 marketing ‘gurus’ worldwide who have helped shape the future of marketing.
Start the discussion on our community and social networks
Recommended Blog Posts
Popular Blog Posts
Statistics on consumer mobile usage and adoption to inform your mobile marketing strategy mobile site design and app development “Mobile to overtake fixed Internet access by 2014” was the huge headline summarising the bold prediction from 2008 by Mary Meeker, an …..
Landing page examples and best practice advice Discussion of web design in companies who don’t know the power of landing pages still often focuses on the home page. But savvy companies know that custom landing pages are essential to maximise conversion …..
Use the RACE Planning System to get ahead in your digital marketing The first edition of my book Internet Marketing: Strategy, Planning and Implementation from 2001 included a popular template for creating what we then called an Internet Marketing Plan. Today, …..