5 Reasons Why The Timing Of Your Marketing Email Impacts Your Sales
November 4, 2009 by admin · Leave a Comment
When should you send your Ezine for optimal ROI?
It is a question that every business has to consider, but what is the answer? According to the Ezine Editors and Publishers Association, NEPA, over the last three years companies have sent their Ezines and email marketing pieces on three main days of the week; Tuesday, Wednesday, and Thursday. Tuesday was the most popular day of the week with 23.6% and Wednesday came in second with 22.7%.
What does this mean for your business?
Should you go against the grain and send your ezine out on a Monday or Friday? Probably not, but consider your clientele first. Business to business Ezines traditionally do not fare well on Monday because it is the primary meeting day for most executives and decision makers and Friday is ineffective because many people are simply on their way out the door.
If on the other hand, you?re marketing to consumers, then a Friday ezine has the potential to be effective because your readers would have the weekend to consider your information and offers.
Bottom line when considering the day of the week that your ezine goes out, consider your specific market and customers. If your clients tend to purchase on Thursdays, then test sending your Ezine to them a day or two before. It may prove to be the key to up selling or increasing sales on that day.
Time of the day is also an important consideration to sales. Generally, for mailing to business recipients 11am to 3 pm tends to be the most receptive time. An ezine received first thing in the morning may risk being deleted or over looked during the first morning rush and emails received at the end of the day are often ignored or put off until another day.
If, on the other hand, your know that your clients tend to put in full days and you know they eat lunch at their desks or they often conduct lunch meetings, than a ezine received right before lunch may have a good chance of being opened almost immediately.
Depending on the frequency of your ezine, you may also want to consider what day of the month you send your ezine on. If your prospects and clients tend to make purchases at the end of the month, then a ezine received mid month is likely right on target to assist them with their buying decision. Also be aware that your customer?s budget and budget constraints can impact not only their buying decision but ultimately their decision to open your email.
One last factor to consider is your competition.
When do they send their ezines? Do you want your ezine to be in your prospect?s in-box with your competitors or is it better to stand out from the crowd? That may be determined by your product and the volume of purchases. If you?re marketing a high end augmented product, you might want to consider beating your competitors to the punch. If however, you?re marketing a consumer good or service, then frequency of your message may be more important than standing alone in their in-box.
Patience, persistence, and testing are the keys to finding the best schedule for your ezine and optimal ROI.
Busy decision makers are generally focused on a handful of priorities at any given time and an unopened Ezine may not be indicative of anything more than the fact that your prospect was too busy to open it. Continue to send your ezines, testing times, days of the week and even days of the month.
By testing not only your click through rates but determining who within each company is opening your ezine and when, you can modify your ezine schedule to impact your sales in the most optimal way.
Timing is everything, right?
When making a major buying decision it certainly is. Contacting your clients and prospects with your ezine at the optimal time in their decision-making process is tricky at best, particularly when it comes to marketing high-end, augmented products.
Variables to Consider:
How many decision-makers must decide to purchase your product? Coordinating all of the decision-makers to make a purchase is a feat in and of itself, but if all of the executives involved are receiving your ezine then you?re a step ahead of the game.
Are all the decision-makers aware of your products or services? Make sure that your ezine is getting into the mailboxes of the key people involved in purchasing, if they?re not, involve your sales force in updating your mailing list so that you?re getting into the hands of the decision-makers each month.
Where is your ezine in the company?s business cycle? Budgets generally run on a cycle, annual, quarterly etc. Your ezine isn?t going to hit the right time during the budget cycle every time. If you are able to factor budget cycles into your distribution schedule then that is a bonus (but it isn?t often a possibility).
What are your prospects? priorities? Let?s face it, everyone is busy and the simple fact of the matter is that your product or service may not be a priority to your prospect right now.
What you can do:
Patience. No, we?re not suggesting that you merely sit back and wait for a sale. However, once you?ve assessed all of the contributing variables, patience (combined with persistence and good tracking) will prove beneficial.
Persistence. Continuing to send out a quality ezine at regular and predictable intervals will pay off. Assuming that your ezine is reaching the executives required to make the purchasing decision, variables like budget and the buyer?s priorities will change. Just make sure that you?re there when they do.
Tracking. Perhaps the most important step that you can take is to carefully track your results. With the right ezine system you can track when your ezine is opened, who reads it, when they read it and what they read. This information will enable your business to not only optimize the information that you place in your ezine but also optimize when you send it for the best and most profitable results.
?Taking a Chance ??” Working at Home
November 2, 2009 by admin · Leave a Comment
While the idea of working at home in the comfort of your pajamas sounds like heaven, be sure and look before you leap. If you have a traditional full-time job and want to transition into a home-based Internet job make sure you do your homework first.
Before making any rash decisions it is better to do a trial run to see how things will go. Try working online a few hours a day after your regular full time job to get your self started.
What are some factors to take into consideration before making the change? Below are just a few:
1. Are you a self-motivator? There will be no one at your house requiring that the work get done. It will be up to you to schedule your time for work each day and not allow other things to distract you or take the place of your work time.
2.It is important to consider other benefits that you will lose when you quit your current job.
There will be no paid time off. If you are sick or are unable to work for a few days for whatever reason you receive nothing. Also health care can be quite a monthly expense and it will be up to you to plan for your future and for your retirement. All of these benefits that come naturally with a conventional job are what you will lack when working from home.
3. There is also the issue of the inconsistency or profits when you are self employed or working from home.
When you are starting your own business at home there are expenses to be calculated. At times your expenses will outweigh your profits. Are you financially prepared to handle those challenging months? Good planning and number crunching will help you decide.
4. Once you have crunched the numbers you have to decide what type of work you want to do.
There are so many options for working from home. There are online options for selling products or services. There is writing, data entry and word processing. You have to determine what you want to do, how lucrative this business will be and how much money it will cost you to get started.
Before getting started, it would be wise to try to save enough money to support you and your family for several months until your new employment is established and you are seeing some profit.
Hosting Company – Choosing One Can Be Tough!
October 30, 2009 by admin · Leave a Comment
Typically, there are so many web hosting companies to choose from that it would take days or even weeks to review them all! We’re talking about hundreds of thousands of web hosting companies here. There are several reasons why one web hosting company could be considered ‘better’ than another. It could have to do with the features and/or options they offer, as well as their pricing and reliability, etc.
Just because one hosting company might be super expensive, while another is dirt cheap, it doesn’t mean that the cheaper one is of lesser quality. In fact, sometimes you’ll find that a cheaper service is in fact better, whether it be due to better customer service or faster speed for example.
It is up to you, the website owner or creator, to make the best decision for your website and make sure that the plan you choose suits the needs of your site and it’s functions. Not only will it be a matter of personal preference; there will also be additional factors that will help you make the best decision possible. Customer reviews, professional reviews and the needs of your website will all play major roles in which web hosting company you will select.
Do not underestimate the importance of finding a reliable web hosting provider. If your website is down a lot or has any problems due to a poor web host, you can be in for a lot more trouble than you bargained for. It is crucial that you get the right web hosting provider from the start.
If you want to make sure that you choose the best Malaysia hosting company possible for your website, visit Malaysia Web Hosting to read comprehensive and detailed reviews of the top 5 web hosting sites in Malaysia and the USA.
Internet marketing: – Article directories add value to the internet
October 28, 2009 by admin · Leave a Comment
People in the internet marketing community have discovered a new form of marketing web pages and exchanging links, and this method is quickly gaining a large head of steam. The basic system works like this: a person will write a page of content, and then allow a foreign website to publish that content in exchange for a link in a resource box on the page. This idea appeals to both parties for several reasons, which I’ll outline.
Article Directories follow the metaphysical law of Reciprocation. What this means in Layman’s Terms is: you scratch my back and I’ll scratch yours. Both parties get something out of the arrangement, and all is good. If you contrast this particular method of marketing to the more odious method of “scraping content”, and you’ll quickly see why article directories are considered to be the wave of the future when it comes to interactive and co-operative marketing. Article directories allow for participation by:
1)webmasters who want to use the articles
2)The Webmaster who wrote the article and who receives promotional credit for publishing it
3)The end user who gets high quality content that may not have been available otherwise.
If you haven’t already begun article creation, you better get started soon. Right now, the article directory industry is exploding. What better way to promote your website than to write expert articles that make you and your subject matter stand out from the crowd? If you’re an excellent writer, you can greatly expand the audience of your website by expanding your reach on the internet. Once you’re published on a multitude of websites, you can expect a great deal of direct traffic as well as search engine juice from your many installed articles. If you think about 10 articles that are on over 100 sites, you can quickly see that’s 1,000 pages that now link to you with information about you and your website. Done consistently, for months on end, there is no better way of increasing your exposure than authoring and submitting articles on your favorite subjects. If you’re not already an expert on a subject, then what better time to start than now?
You are best off writing individual articles for the web directories that do not appear on your own website. Otherwise, you may run into the very real risk of the article directory outranking you for your very own content! Generally article directories are very popular website with a great deal of traffic and link popularity, so they often will rank for your article. If you use original content, you can expect additional traffic that doesn’t interfere with your websites traffic at all. Submitting content to article directories is not a miracle cure for all of your ranking blues, but it’s a great start for a deserving website on the road to recognition. Only by getting the word out, can you expect others to be able to find the wonderful resource that is your website.
Why you should be using ?Collaboration Marketing? to grow your business quickly.
October 21, 2009 by admin · Leave a Comment
What is Collaboration Marketing?
Collaboration Marketing is an abstract mind-set used to describe a business building process that involves two or more entities (with similar, but non-competing products, services or ideas) that agree to contribute their existing assets (people, time, money, processes and resources) for the synergistic betterment of a newly formed relationship, business, or process.
What?
Ok, here?s a better way to understand “Collaboration Marketing”.
Collaboration Marketing
Collaboration Marketing, (CM) often referred to as a Strategic Alliance (SA), Joint Venture (JV?s), or Corporate Partnering (CP) can be defined as “a mutually beneficial relationship between two or more parties”. Collaboration Marketing can range from being very simplistic, quick, informal one-time events to very formal, long-term projects, relationships, or even the creation of a completely new company or company division. The power and possibilities that you can accomplish from a well-planned “Collaboration Marketing Process” are numerous, exciting, and (can be) quite profitable.
In this article, I?ll focus primarily on giving you some high level examples on the benefits of using an informal Strategic Alliance for getting new clients quickly.
The underlying principle that makes a Strategic Alliance so powerful is that they work on the basis of a “trusting relationship”. Trust among the participating parties, trust between the network of clients, members and any other circle of influence you or a potential Strategic Alliance partner may have. Trust that in most cases has taken you or your future Strategic Alliances partner months and even years to develop, cultivate, and nurture.
Ok, stay with me while I give a you an example of “the reason why” Strategic Alliances work…
Think about how you make your buying decisions. What?s the first thing you usually do when you need to make a product or service purchase that you?ve not used or consumed before. In most cases you?ll ask your a family member, friend or business associate for a referral. Are you asking for a referral because you don?t know were to find the product or service you?re seeking? Unlikely, the Internet, Yellow Pages, and 411 information services are overflowing with invasive ads for products and services (this is also another reason to use Strategic Alliances, but we?ll talk more about penetrating the “Noise Barrier” in a future Collaboration Marketing article) More then likely, your asking someone you “trust” because they have already gone through the sales experience with a particular vendor and can possibly save you time, money, and frustration based on their experiences.
Let?s take an example of how a start-up company used a Strategic Alliance to generate new clients within one week with little to no marketing and advertising cost.
Simon opened his Web Design Company with a passion for creating websites, logos, and custom graphics for his clients. Simon was a skilled graphic designer, but his sales and marketing skills were based solely on theory and what he learned from a few books he had recently read. Simon wanted to do a promotion offering 25% off his services for new clients. Simon and I had a conversation about this promotion and asked me my advice and thoughts on this type of promotion. His objectives were to find new clients quickly without spending a lot of money on marketing. I told him that he had two primary objections to overcome since his business was new, he currently had only one client and his competition in the Web Design space was fierce and while competing strictly on a discount price point may work, I suggested he use a Strategic Alliance to keep his prices at a competitive market rate to obtain new clients, while creating a “leverage switch” with a complimentary business owner that already had the a trusting relationship with the exact type of clients Simon was looking to provide service to. I suggested Simon call local printers, illustrators, and web programmers in his area. I had him pick local vendors (so he could actually go meet these other business owners, which builds rapport and trust) that work in complimentary, not competitive businesses. Simon contacted a local print shop, introduced himself and offered to provide a “Web Design” division to the print shops existing base of over 300 clients. Within one week, Simon and the owner of the print shop wrote an email letter to his existing clients announcing the new service. Within two weeks Simon gained an immediate influx of client requests with an acquisition cost of zero!
The reason this relationship worked is based on the established trust the printer had with his clients and the trust that Simon built with the printer. By showing him his portfolio, proving to the printer that Simon was capable and skilled, meeting him in person (not necessary, but it?s an added way to build trust and rapport) and offering the printer an added profit stream opportunity to open a new “web division” with minimal to no out of pocket costs. This was clearly a win-win Strategic Alliance. The printer was able to provide a profitable service (that his clients were asking for) and Simon was able to position himself in front of an established “warm market” of prospects.
What Strategic Alliance opportunities could you use to expand your business this quickly?
Copyright (c) 2007 Christian Fea