Page 45 - Email Marketing Success
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EMAIL MARKETING SUCCESS
email providers to institute penalties when you try to deliver future
emails.
Return on Investment
Your return on investment (ROI), is the financial ratio that is used
to measure the return of an entrepreneurial strategy. This
measurement compares the profit to the invested capital. When
used in email marketing, the term refers to the ratio of the costs
required for an email marketing measure to the revenue
generated by it.
Defining Your Goals
Before you send out your first emails and start analyzing the
results, you need to determine the goals of your email marketing
and what you are going to measure. You can set goals like
gaining new customers, increasing revenue, or raising brand
awareness, or it can be a combination of goals. In order for you to
define concrete goals, you are also going to need to establish the
appropriate KPIs.
Measurements like click rate, conversion rate, and email list
growth rate should always be on your list of metrics to analyze.
However, you also need to specify and track the correct KPIs
depending on the goals you want to accomplish. For example, if
your goal is to gain more subscribers, then you need to focus on
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