Email marketing is undergoing
rapid changes. Now, more than ever, both the creative and
demographic selection and targeting of a message must be
highly relevant and qualified.
Microtargeting has become
a valued strategy. At VIBEdirect, we have seen the industry
withstand incredible changes based on bandwidth, creative,
message perception and the fickle marketing factors that
affect both open and click through rates with today's campaigns.
Consumers received an average of 3 marketing related emails
per month in 1999. This number is expected to jump to over
130 marketing related emails per month by 2005 due to the
success rate of email marketing and the number of companies
sending optin email. The problem is that this trend has
caused email open rates to drop.
In the past, our success had been built on wholesaling
opt-in email campaigns to brokers and agencies. But as business
conditions changed, we evolved by providing our clients
with a microtargeted approach for cost effective results
and a positive return on investment. As a result, we have
maintained a sustained, strong period of growth.
Our opt-in lists offer marketers
a "politically correct" way to reach their target
audience on the net. While using bulk e-mail lists is cheaper,
the practice in itself is extremely controversial. You must
be very careful when considering using bulk e-mail to market
your wares on the Internet. This can lead to some unexpected
and unwanted results. For example, some of your recipients
may decide to "flame" you by clogging up your
e-mail system with angry responses to your marketing message.
Other recipients will complain to your Internet Service
Provider, who may decide to discontinue your account.
We have more than 2,000 opt-in lists with more than 40
million unique names to choose from. All of our email addresses
are ALL opt-in from a variety of quality web sites, banner
ads, e-surveys & e-zine lists.
The Power of Microtargeting
Email microtargeting is really a distinct form of "niche"
marketing, differentiating consumers by segmenting them
into identifiable, targeted groups. It's the depth of relationships
that counts, not the quantity. Studies show that closer
relationships increase the likelihood that email advertising
will make an impact.
For the higher quality (more targeted and uniform) audience,
advertisers have traditionally paid a higher cost per impression,
although the overall cost for advertisers is lower with
email campaigns since the number of impressions is lower.
In addition, the ability to modify and adapt the creative
to confront rapidly changing marketing conditions makes
this medium especially attractive and cost effective.
Our microtargeting approach has been very powerful. This
strategy focuses on increasing market share--that is, on
selling a product to as much of the market as possible.
Once a product succeeds on a microtargeting level, we can
eventually modify it to appeal to a larger group. When properly
and effectively executed, microtargeting leads back to the
masses.
Instead of trying to reach the greatest number of people,
microtargeting focuses on earning more of an individual
customer's business. This strategy doesn't target groups
of customers, it targets units of one.
The foundation of our microtargeting approach lies in the
idea that 80% of a company's business comes from 20% of
its customers. The most active frequent fliers account for
the bulk of the airline profit. So, rather than aiming to
reach all possible fliers, airlines realize they can more
efficiently market themselves by trying to win over the
top level, and by encouraging those frequent fliers to fly
as frequently with them as possible.
Our microtargeting email practices help businesses provide
better, more personal services. It is an equally effective
strategy for both business acquisition and retention.
|