February 22, 2022

3 Email Marketing KPIs That Will Improve Your Marketing ROI

Don't you wish you could look at your email marketing KPIs and immediately know what's wrong with your campaign? This article discusses three KPIs that will help you understand how to improve your email marketing campaigns by looking at click rates, open rates, and conversion rates.

Contents

How to Define a Successful Email Marketing KPIs?

The point of Email Marketing KPIs is to increase the relationship between your brand and your audience. So it's important to track your KPIs on a regular basis - does the email work in terms of increasing the number of leads? What about conversions? Are there any key metrics for gauging success with an email campaign?

The number one question that you should ask yourself when setting out to build your email marketing campaign is "What is my goal?" The answer to this question will provide the key criteria that will determine what your KPIs (key performance indicators) will be.

These email marketing KPIs are a set of measurable measurements that can be implemented based on your business needs and goals. 

Marketing KPIs are the keystone of a successful email campaign, as without their encouragement, no one would find the content compelling enough to open. Simply put, KPIs help to determine which content is a winner and which is a loser.

Comparative Email Marketing KPIs are the most important to understand. You must define what success looks like before you can decide where to focus your email marketing efforts. Once you have defined these KPIs, then it will be easier for you to set goals and track the performance of your email campaigns.


Here are 3 KPIs that could help your marketing campaign succeed:

  1. Number of emails sent
  2. Click through rates
  3. Email engagement ratio.


What are the Key Performance Indicators of Email Marketing?

The key performance indicators of emails are the open rate, click-through rate, and conversion rate. The open rate represents the number of times that emails were opened. The average email open rate across all industries is 21.5%. The click-through rate is the number of times people clicked on links in an email. And, the conversion rate is the percentage of people who took an action after clicking through an email campaign.

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Today's consumers are inundated with email. The average person receives 400 emails a day, and that number is only increasing. Email marketing is one of the most successful online marketing strategies because it enables companies to reveal their products or services in a way that doesn't require any human interaction.

Email can also be effective at driving up revenue from repeat purchases and customer loyalty programs.

The key performance indicators of email marketing are crucial for brands to understand. This can help them maintain an organized and well-thought-out email marketing program. Email marketing KPIs often include things like open rates, clickthrough rates, unsubscribes, and revenue.

Key performance indicators (KPIs) are metrics you can monitor to track the success of your email marketing campaigns. These measurements will help you determine whether or not your efforts are paying off.

Here are KPIs that will improve your marketing ROI:

  • Click-through rate (CTR)
  • Conversion rate
  • Cost per acquisition (CPA) 
  • Bounce rate
  • Open rate
  • Unsubscribe rate 


KPI #1: Number of Emails Sent 


The number of emails sent can be a good indication of how well your campaigns are performing. This is a popular email marketing KPI and should be on your radar. However, the number of emails sent can vary from person to person.

To make sure you're using this metric effectively, you'll want to compare your email campaign's performance to what industry averages would have been if you had run the campaign normally. For example, if your normal campaign sends 8,000 emails per month and send 10,000 during one month, you can say that the effectiveness of the campaign increased by 20%.

Email Marketing is an effective way of targeting new customers. If you have a lead magnet that your target audience finds compelling, it's best to send out emails on a regular basis to remind them of the value and features offered by your product in order to generate sales. 

Number of emails sent is a crucial metric for your email marketing campaign's success. This metric is important because it will help you see how many people are opening, clicking, and engaging with your messages. If you want to increase engagement and click-through rates, then this metric will help ensure that you be able to improve the performance of your email marketing campaign.


KPI #2: Click Through Rate 


The click through rate is important because it measures the number of people who visit your website and then do not leave. It's not just important to send more traffic to your website, but also important to find out how much your current visitor base is worth.

A click-through rate, or CTR, is a numeric representation of the number of clicks an average webpage receives per unit time. It is usually given as a percentage and calculated by dividing the number of clicks on one website by total number of visitors. 

The higher the click-through rate, the more successful your marketing campaign has been. Even though it can be difficult to measure CTR accurately in email marketing, it's important to track this metric because it can help you analyze how well your messages are performing and make adjustments accordingly.


KPI #3: Email Engagement Ratio


The email engagement ratio is the percentage of emails that are opened, or clicked on to read your email. If a company has an engagement ratio of 10% then 10% of their emails are being opened by the potential customer. This metric is important because it can help determine if your marketing strategy is effective and whether or not you are reaching out to the right people.

The email engagement ratio is the number of people opening your emails divided by the total number of emails sent. This metric is helpful for evaluating your marketing strategy and determining if you are reaching your target market.


Finding out your Marketing ROI by measuring your KPIs

E-mail marketing is a powerful tool for any business. Remember to measure your KPIs to find out what really works for your business.

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Knowing your marketing ROI is key to knowing which areas are working, and which need more investment. The 3 KPIs that we found will help you achieve a better understanding of your marketing ROI. 

Your marketing ROI is one of the most important metrics in your business. If you don't have a strong ROI, you may lose money, or worse - you might not be able to survive at all. It's easy to get distracted by the day-to-day tasks of running a business and forget that there are specific ways to measure your progress.

You will need above discussed three email marketing KPIs that will improve your marketing ROI.


Conclusion

The 3 email-marketing KPIs that we've discussed in this blog are all centered on the experience of your audience.

The first is to increase the percentage of your emails that are opened, because you want people to be able to find you easily.

The second KPI is to ensure that your content doesn't get lost in spam folders.

The third KPI is increasing the number of subscribers and leads who verified their email address through a double opt-in process.

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Vartika Sharma

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