Conversion rate in email marketing – how to optimise your mailing!
With the conversion rate, you measure the conversion of a prospect into a customer. Or to put it in a nutshell – your business success. The conversion rate is a key figure that can be used flexibly. You can use it to measure different goals and factors, including your email marketing. If you send e-mails to your customers and prospects, it is important that they perform accordingly.
Successful email marketing is characterised by a high level of engagement. How do you achieve a high level of interaction with your newsletter or other emails? Learn about your conversion rate. It is the basis for your effective campaigns. Pick up your target group exactly where they are.
What is the conversion rate in email marketing?
A survey among users shows that email marketing is worthwhile: Almost 34 % of respondents had already bought or booked a product or service by clicking on an offer in the newsletter (Statista 2019). Around 37 % have at least been inspired to make a purchase with the content of a newsletter.
A significant advantage of a mailing: target groups are familiar with the channel and trust it. This shows: email marketing is worthwhile and should have a permanent place in your online marketing. Take a strategic approach and make your email marketing measurable with the conversion rate. This key figure provides you with the foundation for your optimisation.
In email marketing, you can use and measure various key figures:
- Delivery rate & bounce rate
- Opening rate
- Simple Click Rate & Effective Click Rate
- Conversion rate
- Unsubscribe rate
Here, all key figures are related to each other. A recipient must first receive the email, open it, click on the link and perform the desired action (e.g. click on a link or resume the ordering process). Therefore, it is fundamentally important that you keep an eye on all key figures.
With the conversion rate, you again have various options to measure desired actions in relation to the specific factors of the email:
- Conversion rate in relation to clicks on a link
- Conversion rate in relation to opened emails
- Conversion rate in relation to delivered emails
- Conversion rate in relation to emails sent
Therefore, determine in advance which part of the mailing’s journey you want to measure with the conversion rate or look at all points over a longer period of time. Accordingly, you will learn to understand your conversion rate and can use the results as a basis for optimisation measures. If the conversion rate is already very low when opening the email, it is worth changing the subject lines, for example.
Read the article E-mail marketing for online shops and learn about the possibilities that e-mail marketing offers you.
5 tips to increase the conversion rate in email marketing
Many entrepreneurs and online retailers use email marketing but do not know the conversion rate of their emails. It is immensely important to understand the key figure of the marketing tool in order to increase engagement and thus conversion with improvements, adjustments and optimisations of content, messages and structure.
You can find out how to calculate your conversion rate in the article How to calculate the conversion rate?
1. personalised e-mail
Successful email marketing is personal. Design your mailings individually for your recipients. Address your users individually and convey closeness, a personal connection and trust. Your customers or potential customers will feel more appreciated. This not only significantly increases the open rate, but also the conversion rate. Go one step further and adapt the content and product recommendations to different buyer personas in your target group. With today’s technology, small-scale customer segmentation such as in interests, region or by age is no longer a big problem.
More ideas for personalisation:
- Use a contact’s name as the sender name.
- Send e-mails on personal occasions such as birthdays
- End an email with a signature of a contact person
2. make subject lines appealing
First impressions count – also in email marketing. You can already increase your conversion rate by working on your subject line. A good subject line arouses curiosity, arouses interest, is a maximum of 40 to 60 characters long, is concise, concrete and should be personalised. A subject line that is individually tailored to the recipient and includes his or her name already has a positive effect on the conversion rate when the email is opened. Important: Avoid words in the subject line that are considered critical for the spam filter, such as:
- Free
- Free of charge
- Discount
- Best price
- Offer
- Profit
- No risk
- No hidden costs
- Please help
- Singles
- Stream
3. offer added value
A mailing always offers the customer added value. The better the content is presented in the current context, the higher the conversion rate. Provided you know what your customers need, email marketing is the perfect tool to increase the overall conversion rate in your online shop throughout the entire customer journey.
Here’s an example:
A prospective customer comes to your site and finds exactly what he is looking for. He puts his selection in the shopping cart and begins the checkout process. But on the way, he cancels his purchase.
On the one hand, it is important to analyse which touchpoint of the sales funnel is stuck in order to optimise it in a targeted manner. You can read about the options available to you in our article “Shopping cart optimisation: How to optimise the shopping cart for more sales“.
On the other hand, you have the option to send personalised emails that bring back shopping cart abandoners. Our smart software recognises the reason for the abandonment and sends individual emails that address the actual need of the user. The content of the emails after shopping cart abandonment immediately delivers added value at the right time in the right context, such as vouchers, service offers or reminder emails. The emails thus achieve a high conversion rate.
4. increase urgency
You can also take advantage of the “fear of missing out” effect and increase the urgency in your emails to achieve a higher conversion rate. Put a time limit on an offer or highlight a shortage of resources. Phrases such as “Only until tomorrow”, “Last chance” and “Only a few places left” are suitable for this. The worry of missing out on an exciting experience or offer is a strong motivator. However, use this method wisely and responsibly.
5. do not forget the call-to-action
Ein Garant und das Fundament für die Konversionsrate ist ein in der E-Mail integrierter Call-to-Action-Button (CTA) inklusive einer klaren Handlungsaufforderung. Ziel eines jeden Newsletters ist es, mit seinen inhaltlichen und idealerweise individuell angepassten Mehrwerten den Empfänger zu einer Interaktion zu animieren. Dazu setzen Sie einen CTA Button. Achten Sie bei der Gestaltung auf eine prägnante Handlungsaufforderung, auffällige Farben und fügen Sie den Button im oberen Drittel und nochmals am Ende ein.
Adapt email marketing and increase the conversion rate!
With a few adjustments, you can already increase the conversion rate in email marketing. This can have a lasting positive impact on your business success. Regularly measure the conversion rate of your mailings in order to continuously obtain important key figures about your performance and to identify optimisation potential. These form the basis for efficient campaigns and give you the opportunity to stand out from your competitors.
-
Regaining of Lost Customers: Cart Abandonment in 3 Dimensions
Around 70% of visitors to a website put products in their shopping cart without buying them. To solve the problem, you need to understand why and under what circumstances exactly these customers become shopping cart abandoners. Learn how to get the maximum potential out of your online shop with the right understanding of cart abandoners.
-
FEYDOM increases Conversion Rate by +25% with uptain
Compared to other products, the traffic for suppliers of high-priced sofas is rather low. For this reason, visitors should be optimally supported in the buying process and ideally be motivated to make a purchase. The results: 25 % Conversion Rate increase since uptain, 40% Conversion Rate for abandoned cart emails, 15% Conversion Rate for exit-intent popups.
-
Email Marketing for Online Shops: This is how you increase success!
Email Marketing is essential for successful online shops today. Used correctly, Email Marketing not only increases customer satisfaction, but also existing customers. The various, cost-effective and sales-increasing possibilities of Email Marketing make it particularly interesting for online merchants.