Email marketers can utilize internal metrics and industry benchmarks to improve their strategy by keeping an eye on internal performance measurements and industry trends. With this insight, email marketers can pinpoint areas where their performance falls short of expectation and take steps to rectify this quickly.
If you want a deeper insight into your existing metrics and the opportunities they present, Mayple can connect you with an experienced Klaviyo consultant for an initial consultation today!
Email marketing allows businesses to meet customers where they are. By sending personalized content that resonates with customers, companies can build trust and foster authentic relationships, leading to higher return on investment, increased customer engagement, and stronger brand loyalty. Klaviyo provides businesses with a centralized customer platform equipped with tools for automating truly personalized marketing efforts such as email, SMS, reviews forms and mobile push. Klaviyo’s user-friendly interface enables business owners to easily customize and implement these tactics without the assistance of developers.
Klaviyo’s industry benchmarks offer valuable insight into how well your email marketing campaigns are performing, using anonymous merchant data as benchmarks to see how your company compares against similar businesses in your industry. You can use these benchmarks to identify areas for improvement and optimize campaigns to increase email marketing ROI.
Industry benchmarks provide you with a clear picture of how well your company is doing compared to similar businesses in its industry. They allow you to gauge if the current strategy you employ works well or needs adjustments, while simultaneously keeping abreast of competitors so as to not get blindsided by sudden shifts they make in business practices.
Klaviyo customers can help you identify benchmarks through email marketing metrics they collect. But remember, every business is different and some benchmarks may not reflect your individual results.
To achieve accurate results, combining internal and external metrics is often best. Industry benchmarks can be found online through sources like the US Census or marketing firm surveys; using them within your business will help enhance email marketing campaigns and boost conversion rates resulting in more revenue for your organization.
Email marketing requires tracking key metrics like open rate, click-through rate, conversion rate, and average order value to assess its success and identify areas for improvement. These figures allow you to understand where improvements may be necessary in terms of effectiveness or need.
Tracking deliverability rates is another essential metric to monitor. This will show whether emails are reaching subscribers as planned and identify any possible deliverability issues that require attention.
Attracting Return on Investment is key to any email marketing campaign’s success and should be used as a measurement of profitability and revenue generation. You can calculate this ratio by dividing net gain by email costs; alternatively you could compare results against similar businesses within your industry and measure them against each other for an accurate picture of how well your campaign is doing and where improvements could be made to improve email marketing strategy.
Klaviyo’s automated email sequences make establishing relationships with new customers essential to your store’s success, nurturing relationships and increasing product sales – leading to more revenue for you!
No matter if it’s your Welcome Series, Abandoned Cart Automation or Winback Flow – each email message can be tailored based on customer profile properties to create targeted email flows that deliver products directly to those that matter at exactly the right moment in time.
Attributed to individual emails and SMS messages sent by you using Klaviyo’s automated flows feature, revenue from flows measures your individual emails and SMS sent as part of drip campaigns that start as soon as someone qualifies, like after they purchase your main product, then create upsell messages for accessories or add-ons – adding up to form “revenue from flows” statistics on your performance dashboard.
Deepak Wadhwani has over 20 years experience in software/wireless technologies. He has worked with Fortune 500 companies including Intuit, ESRI, Qualcomm, Sprint, Verizon, Vodafone, Nortel, Microsoft and Oracle in over 60 countries. Deepak has worked on Internet marketing projects in San Diego, Los Angeles, Orange Country, Denver, Nashville, Kansas City, New York, San Francisco and Huntsville. Deepak has been a founder of technology Startups for one of the first Cityguides, yellow pages online and web based enterprise solutions. He is an internet marketing and technology expert & co-founder for a San Diego Internet marketing company.