Best Email Marketing Software 📧 March 2021
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Email marketing is a digital marketing strategy that promotes services and products by sending emails and developing relationships with customers and prospects.
Email marketing includes newsletters, exclusive deals, discounts, and general updates/messages sent on behalf of a business.
Businesses don’t send their marketing emails like a normal email, however. They use email marketing software like Mailchimp to design and automate email campaigns.
Table of Contents
- What are the benefits of email marketing?
- How does email marketing software work?
- What features should I look for in email marketing software?
- How much does email marketing software cost?
The Best Email Marketing Software for Most People
- Moosend — best for marketing automation
- Constant Contact — best for event marketing
- HubSpot — most robust platform with CRM functionality
Moosend is the best platform for email marketing automation. Businesses of all sizes use their platform to create campaigns, A/B test, and automate things like customer cart abandonment. Moosend’s user interface is easy to use (they have a drag-and-drop experience) and their support team is available via phone and live chat.
Constant Contact is the original email marketing platform. They survived the dot com bubble of the late 90’s which means they have been refining their email software for nearly 20 years. A unique feature of Constant Contact is their event management functionality which lets you collect registrations for a nominal fee. It’s free to get started and their pricing is based on the number of contacts.
HubSpot is one of the most robust business operation platforms. They offer a suite of products which includes email marketing, CRM functionality, analytics and more. Think of HubSpot as a small business version of Salesforce. It’s much easier to implement and use their platform and it can grow with their business.
What are the benefits of email marketing?
Perhaps, the biggest, non-monetary benefit of email marketing is that you can automate the entire process. In other words, it is convenient and timesaving. But is that worth relying on this digital marketing strategy? Yes – email marketing has several other benefits.
Email Marketing Exposes Your Brand to More Prospects
In addition to all recognizable brands, even small businesses use promotional email marketing. By keeping their mails interesting, eye-catching, and relevant, they can reach a wider audience. It helps them develop a brand identity by routing them directly into the inboxes of (potential) customers.
Email Marketing Generates Revenue
One look at recent digital marketing facts reveals how beneficial this marketing strategy is at driving in profit. According to surveys, every dollar invested in emails delivers a strong average return of $42. Another report by Marketing Week shows that email marketing generates around $37 billion annually.
In a Hubspot study, 59% of marketers revealed email marketing to be their biggest source of ROI. And those who segmented their mailing campaigns saw as much as a 760% increase in their revenue, which can go as high as 4400%.
Lastly, compared to social media, email marketing campaigns have at least 3X the average order value.
Email Marketing Works as a Consensual Medium between Brands and Customers
Customer experience is valuable and can make all the difference between a one-time buyer and a loyal return consumer. Email marketing can help you ensure it is the latter by becoming a medium to engage your customers, interact with them, and get feedback.
Getting feedback also helps you learn what works and what needs improvement.
Moreover, you know that those on the mailing list voluntarily signed up, thus affirming their interest in your brand.
Email Marketing Generates Traffic
One of the less evident benefits of email marketing is that it doubles as an SEO strategy. A well-curated email has the power to pique the interest of the receivers and encourage them to redirect to your brand website. This way, not only do you get traffic but also keep your audience engaged with your products or services and website.
Email Marketing Campaigns Can Be Automated
Although traditional marketing campaigns are times according to the location of their audience, they can take months to plan and organize. Even then, it is hard to make sure that they reach every one of your target audience. For example, Instagram advertising. Since it includes people from every corner of the world, it is natural that some will miss the ad cause of time zone difference.
However, with email marketing, you can create a marketing campaign, automate each email according to the time zone of the sender, and ensure your audience sees it at the right time. For example, you can time the content by segmenting your audience.
Email Marketing is an Affordable Marketing Strategy
With any business, especially small businesses, there are always budget constraints. A large sum spent on just one strategy can mean lost revenue and fewer opportunities to invest in other aspects of the business. That’s why email marketing is great. It is cost-effective with more promising returns.
How does email marketing software work?
Email marketing software helps you design, target, and execute email marketing campaigns. The most popular examples are HubSpot, Campaign Monitor, and Mailchimp.
Whichever email marketing tool you choose, you can start by signing up for free email marketing account. Once done, you will find a rich selection of email templates, an email builder, and other tools that let you plan, create, customize, segment, and manage campaigns. These will typically include A/B Testing Tool, Merge Tags, Mailing List Manager, Autoresponders, CRM Integration, and Social Media Integration.
While many software provides free versions, others have affordable and scalable price tiers. Some start free, and others charge as your list grows — usually by number of subscribers or sends.
What features should I look for in email marketing software?
When looking for email marketing software, consider your business requirements and look for the following features:
- CRM Integration: If you want to take the email marketing experience to the next level, integrating with your CRM system is a must. Interacting with customers helps you to discover additional data such as demographics, competitive information, and pain points. This results in more effective campaigns and provides a stronger ROI.
- Analytics & Reports: This tool will help you cut through the clutter by giving you data like which devices the subscribers are using to open your emails, are they forwarding or deleting those emails, bounce rate, demographic stats, etc. Analytics and reporting features also provide insights on deliverability rates based on how the receivers interact with the mail.
- Autoresponders: Save time and effort by setting up automated responses to certain mails. Quick and relevant replies also boost conversions. For example, an auto-reply with discount coupons upon signing up for the newsletter proves to be an effective tactic to draw the visitor to make a purchase.
- CAN-SPAM Compliance: Choose an email marketing software that complies with the CAN-SPAM Act to maintain your reputation and optimize deliverability. Some software will analyze your email content and deliver insights on whether there are any broken links, the potential of the content to be blocked by spam filters, if the HTML looks legit, etc.
- Segmentation and Targeting: This feature shouldn’t be ignored, especially if you’re serious about email marketing. Choose a email marketing platform that allows you to create groups based on geolocation, time zone, autoresponder engagement, click-through, browser used, subscription message data, and purchase behavior. This lets you create targeted, effective, and personalized campaigns.
- WYSIWYG Editor: Similar to a website builder experience, a WYSIWYG editor lets you build an email template without having to know HTML and CSS. Most tools have all essential features built in – like CTA buttons, spacers, text, dividers, and hero images.
How Much Does Email Marketing Software Cost?
Email marketing software pricing can vary but expect to pay between $9 and $300 per month. Pricing increases based off the number of subscribers, emails sent, and feature set.
Many providers offer a free version that make it easy to get started. There are usually limits to the number of emails you can send or available features.