Guest: Josh Kropkof
In today's digital age, where marketing channels abound, email remains a force to be reckoned with. But the real magic happens when email goes beyond the conventional marketing approach and becomes a relationship-building tool. In this illuminating interview, we sit down with Josh Kropkof, the CEO and Co-founder of The Email Agency, to explore how their innovative email marketing strategies have not only transformed businesses but also revolutionized the way we perceive email marketing itself.
The Power of Email Marketing: A Success Story
Let's start with a remarkable success story. A couple of years ago, in 2020, The Email Agency had the opportunity to work with Mixed Tiles, a significant player in the home decorating industry. At that time, Mixed Tiles was generating substantial revenue through various advertising channels but had yet to tap into the potential of email marketing. What Josh and his team proposed was a departure from the usual flashy, product-centric email campaigns.
"We wanted to write emails from a person," Josh explains.
This approach faced initial resistance from Mixed Tiles, which wasn't eager to put a human face behind their brand. Undeterred, The Email Agency proposed creating a fictional character named Colleen, a composite of customer testimonials. Colleen's emails were personal and conversational, sharing her genuine passion for the brand.
Mixed Tiles skeptically agreed to a test run with Colleen's emails, allocating only 5% of their email traffic to this unconventional approach. To their surprise, Colleen's emails outperformed the standard product-centric emails in click rates, purchase rates, average order value, and open rates. Gradually, they increased the share of Colleen's emails to 50% of their email traffic. At the end of the three-month test, Colleen's emails generated a staggering 82% higher revenue than the traditional emails.
This success story underscores the immense potential of email marketing when it shifts from a mere promotional tool to a means of building authentic connections with customers.
Email Marketing: A Relationship Channel, Not Just a Marketing Channel
The Email Agency's approach isn't about quick wins; it's about playing the long game. "Churn and burn" marketing, where brands focus solely on immediate sales and churn through customers, contrasts with building a long-lasting relationship with customers.
In Josh's words, "When it's a relationship channel, it's much more long game. You're playing the long game. But the benefit is immeasurable." Instead of constantly acquiring new customers, brands should aim to retain and nurture their existing ones, building loyalty and increasing customer lifetime value.
Traffic You Own: The Power of Email Marketing
Josh stresses the importance of viewing email marketing as a means to acquire "traffic you own." In the digital marketing landscape, there are three types of traffic:
Traffic You Control: This involves paid advertising where you have control over the amount of traffic you generate, such as Facebook or Google ads.
Traffic You Don't Control: This includes organic traffic, like social media and SEO, where you have less control over the volume of traffic.
Traffic You Own: This is the most valuable type of traffic, and your email list is a prime example. It's a proprietary asset of your company that you can directly market to.
By converting traffic you control and traffic you don't control into traffic you own through email marketing, you can significantly increase the value of your customer base.
Data Analytics: Navigating the Complex Terrain
Data analytics is a crucial part of modern email marketing. However, the landscape has become increasingly complex, with challenges like inaccurate open rates due to iOS 15. Despite these complexities, email marketing continues to deliver a high return on investment (ROI), making it a valuable channel for driving sales.
Josh emphasizes the need to focus on conversions rather than just clicks. Email should not merely drive traffic to your website but also sell your products or services directly within the email itself. This shift in perspective can significantly impact the effectiveness of your email marketing campaigns.
Email Marketing as a Central Piece of the Puzzle
Josh highlights how email marketing can serve as the centerpiece of your marketing strategy. By actively engaging with your email subscribers and gathering feedback, you can shape your messaging and strategy more effectively than through any other means. The email list becomes a community where you build a movement, not just sell products.
Key Takeaways and Action Steps
Shift to Relationship Marketing: Instead of chasing short-term gains, focus on building long-lasting relationships with your customers through email marketing.
Traffic You Own: Convert traffic you control and traffic you don't control into traffic you own through email marketing, creating a proprietary asset for your company.
Data-Driven Decisions: Leverage data analytics to make informed decisions and continually optimize your email marketing campaigns.
Email as a Central Piece: Make email marketing the centerpiece of your marketing strategy, actively engage with subscribers, and gather feedback to shape your messaging.
In a digital world where consumers are inundated with marketing messages, email marketing's power lies in its ability to create genuine connections. As Josh Kropkof and The Email Agency demonstrate, it's not just about what you send but how you send it. Revolutionize your email marketing by adopting a relationship-focused approach, and watch as your business thrives in the long run.
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