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Most Internet users
have probably received an email joke, quote of the day, industry
update, or fun fact at some point in their cyber adventure. Just
about everyone can appreciate a good chuckle or informative bit
of news delivered conveniently to their inbox. For the budding entrepreneur
or small business, this type of communication is not only an effective
marketing tool but can also serve as an added revenue source.
Email marketing
is quickly becoming a common promotional tool, an integral part
of a solid marketing plan. Depending on the nature of the business,
email marketing can be used to boost traffic, promote a direct marketing
offer, announce a new product or service, build brand awareness,
and to earn added revenues through advertising sales.
When planning an
email marketing campaign, it is important to understand the difference
between "spam" and "opt-in email." Spam is the
distribution of unsolicited email. "Opt-in Email" is based
on permission marketing, when a customer gives permission to be
added to a specific type of list. Permission marketing is extremely
effective, as businesses can reach prospects genuinely interested
in their product or service. In order to avoid losing customers
and annoying prospects, try to utilize opt-in email lists, or at
the very least, provide a line in the email with simple instructions
for those who wish to be removed from the list.
The key to an effective
email marketing campaign is to identify a target audience, generally
consisting of current and prospective customers. Once the audience
has been identified, the next step is to build an email subscriber
list. A company can develop a list by using free content widely
available on the Internet (www.listbot.com) or by purchasing targeted
"opt-in email" lists at sites such as www.e-target.com
and www.targ-it.com. Another alternative to quickly building a subscriber
base is by negotiating with other newsletters that target a similar
audience. A good resource for finding newsletters willing to swap
ad space and share mailing lists is www.eAdSmart.com.
A recent survey
of 1,000 net users conducted by FloNetwork, an online direct marketing
application service provider, in connection with NFO Interactive
found that 89% of those surveyed believe e-mail is a good way to
get information about products that interest them. Among consumers
with existing relationships with merchants, 81% believe e-mail is
a good source of communication. The survey also confirms consumers
will trade personal information for services.
Studies have shown
that e-mail plays a significant role in how consumers found products
on the web. Businesses are finding email to be a valuable medium
in reaching new prospects and generating repeat sales. It’s an excellent
vehicle to communicate with customers on a regular basis, whether
it be daily, weekly, or monthly. Content driven email is the key
to keeping your subscribers interested and not annoyed with "junk
email" flooding their inbox. A great place to start building
content is www.isyndicate.com, a site that offers free and paid
for articles, videos, graphics, jokes, advice, news, tips and more.
The most common
form of email marketing is a newsletter format. This often begins
with industry news, important fact, or joke of the day followed
by a table of contents, and advertisement. For those who aren’t
exceptional writers, it may be a good idea to offer customers or
advertisers the opportunity to submit a byline on a relevant topic.
Not only will this ease your work load, but it also keeps readers
interested when they’re contributing to the content.
Once a strong subscriber
base has been established, businesses can build their email marketing
into a revenue generator by selling ad space to companies with relevant
products and services. There are many types of ad structures and
opportunities to negotiate deals that will not only bring in extra
income, but also benefit the company. For instance, a business may
want to swap ad space with another newsletter targeting a similar
audience, or perhaps, swap ad space for products or services. Remember
to be flexible, willing to negotiate, and be creative when buying
and selling newsletter ad space.
Possibilities are
endless when it comes to promoting products and services through
Email marketing. It’s a simple and cost effective method to communicate
with customers and prospects while building brand recognition and
increasing a loyal customer base. Once you get the ball rolling,
you’ll be surprised at the new opportunities a simple email newsletter
can generate -- strategic partnerships, link exchanges, advertising
swaps, and more. If you’re not already promoting your business through
email, don’t put it off another day, your competition won’t!
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