How has the rise of social media and messaging platforms impacted the effectiveness of email in customer acquisition?
Email is almost 40 times better at acquiring new customers than Facebook and Twitter
Email marketing is a powerful tool for businesses looking to acquire new customers. In fact, according to a study by McKinsey & Company, email is almost 40 times more effective than Facebook and Twitter combined when it comes to customer acquisition. With such impressive numbers, it’s no wonder that many companies are investing in email marketing campaigns to expand their customer base.
One reason for email’s effectiveness is its ability to reach customers where they are – their inboxes. Unlike social media platforms where content is constantly changing and users may only check their feeds intermittently, email allows businesses to directly and consistently communicate with their target audience. And with the right messaging and targeting, businesses can create personalized and compelling email campaigns that capture the attention of potential customers and drive them to take action.
Of course, not all email campaigns are created equal, and it’s important for businesses to invest in developing effective strategies for their email marketing efforts. This may involve building a targeted email list, crafting compelling subject lines and messaging, and utilizing automation and analytics to optimize campaigns over time.
Overall, while social media platforms like Facebook and Twitter certainly have their place in a comprehensive marketing strategy, businesses looking to acquire new customers shouldn’t overlook the power of email marketing. With nearly 40 times the customer acquisition effectiveness, email is a channel that simply can’t be ignored.
Interested in developing an effective email marketing strategy for your business? Schedule a demo with SalesLion to learn more about how our solutions can help you drive results.
More 2023 Stats
Around 45% of web store payments are made with digital and mobile wallets
77% of B2B Buyers Do Their Own Research Before Speaking to Sales
Salespeople Unhappy Despite Meeting Targets
41% of companies struggle to quickly follow up with leads
66% of sales reps say they’re drowning in tools
Nearly 13% of all the jobs in the U.S. are full time sales positions
36% of salespeople say that closing is the hardest part of their job
91% of customers say they’d give referrals. Only 11% of salespeople ask for referrals
97% of sales leaders and sales operations pros say AI gives reps more time to sell
More Sales Strategy Stats
69% of recipients report spam based only on the subject line
60 percent of deals in the pipeline are lost to “no decision” rather than to competitors.
The businesses’ buying process will involve around 6-10 decision-makers
Personalizing email subject lines leads to a 22% increase in open rate
81% of people prefer to open emails on their smartphones
71% of salespeople are using social selling tools
40% of Salespeople Struggle with this Critical Sales Process
Top Performers Make 54% More Conversation Switches on Calls and 78% More in Presentations
41.2% of sales reps say that their phone is the most effective tool for performing their jobs
Ready to reinvent your sales process and tools?
One quick call and we'll share our approach - no pressure.
Schedule your demo