Is email marketing valuable?
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You hear me go on about email marketing all the time, Reader... But does it actually pay off? NextAfter conducted a study to find out The True Lifetime Value of an Email Address. They tracked 17M+ subscribers over 36 months. Here’s the skinny on what the data showed:
The biggest takeaway: How you nurture donor relationships through email matters all the time, not just during campaigns.
We love instant ROI. We love to see high numbers in an analytics report or in your org’s bank account. But this research proves that we can’t stop measuring the success of one campaign once it ends. Each campaign should be leading donors through their respective journeys, and their first gift – no matter how long it takes them – is worth recognizing that it was made possible by each touchpoint and relationship-building effort you made. A first-time gift is just the beginning of a donor relationship. There is a lot to chew on in this study, so I highly recommend reading through the whole thing with your team.
What does this mean for nonprofit email marketing?This is an amazing study, but it’s only an average of a 36-month snapshot. This does not account for previous donors who are on the email list, or future donors on the email list. However, this further proves email is a low-cost way to bring ROI. It’s worth the investment, and you don’t need a lot of money or knowledge to start or revamp your list. If you want to track the ROI of your email list, I recommend tagging and segmenting your subscribers. This will give you so much information in the long term and help you determine what is and is not working. It may take a while, but email pays off. This is why I recommend that nonprofits send ~1 email per week. It’s not annoying. When done intentionally, it’s building a relationship. If this study has your head spinning about your next campaign, let me take email off your organization’s plate. I’ve only got 2 email retainer spots open for the next 6 months. Picture it... Me: setting the foundations and strategy for your email ROI. You: Focusing on daily mission-moving tasks. Sound like the dream? I think I saw your name on one of my last retainer spots. 🤭 |