Business View - October 2015    17
        
        
          each individual with additional value while open-
        
        
          ing up new revenue opportunity for the business.
        
        
          Specifically the study found that brands used email
        
        
          campaigns triggered by a person’s previous action,
        
        
          such as a recent purchase or the resetting of their
        
        
          password, drove higher customer engagement due
        
        
          to the timeliness and relevancy of these messag-
        
        
          es. In fact according to the study these campaigns
        
        
          (known as transactional emails) produced an open
        
        
          rate of 72 percent and average click through rate of
        
        
          30 percent.
        
        
          For example, if 500 customers who purchased a
        
        
          cruise vacation are sent a follow up email contain-
        
        
          ing additional deals on related items, 360 consum-
        
        
          ers would open the email with close to 110 clicking
        
        
          on the link to get more detail.
        
        
          “Keeping our fans around the country up to date
        
        
          on the Kentucky Derby is a key component of our
        
        
          digital marketing,” said Kate Ellis, Marketing Analyst
        
        
          at the Kentucky Derby. “Email is vital as it allows us
        
        
          to target our messages to specific levels or types of
        
        
          customers, giving them each the information they
        
        
          want including important upcoming news, details
        
        
          about their trip to the Derby, charitable initiatives
        
        
          and other special events. We can also use it to
        
        
          conduct surveys about their experiences. Looking
        
        
          forward email will continue remain a critical vehicle
        
        
          for us to engage customers with personalized cam-
        
        
          paigns that drive business success.”
        
        
          
            Additional key findings include:
          
        
        
          Top performing brands in the travel industry ex-
        
        
          celled, with email open rates reaching upwards of
        
        
          50 percent, 10 times more than their lower perform-
        
        
          ing peers. Travel brands, which tend to effectively
        
        
          use strong visuals and offer-heavy approaches, led
        
        
          all top performers with click-through rates of just
        
        
          over 15 percent.
        
        
          While the travel industry soared, retail/ecommerce
        
        
          missed the mark, producing some of the lowest
        
        
          customer engagement rates. These low rates re-
        
        
          sult from retailers that continue to rely on traditional
        
        
          batch-and-blast methods which lack the personal-
        
        
          ization that today’s consumer demands.
        
        
          Asia-Pacific brands outperformed their counterparts
        
        
          in North America and Europe on most benchmarks,
        
        
          with top quartile performers achieving a nearly 50
        
        
          percent open rate. This likely indicates that market-
        
        
          ers in the region are capitalizing on the explosive
        
        
          digital marketing growth in the area.
        
        
          IBM’s Email Marketing Metrics Benchmark Study
        
        
          is an annual global study that analyzes emails sent
        
        
          by 3,000 brands in industries such as travel, retail,
        
        
          IT, insurance and more. The goal of the study is for
        
        
          marketers to aim beyond “average,” comparing
        
        
          their campaign performances to top performers on
        
        
          the benchmarks that are most important to their
        
        
          business goals. With buyers constantly shifting and
        
        
          new devices, such as wearables, regularly emerg-
        
        
          ing, marketers are forced to change the way they
        
        
          engage with their customers and stand out from
        
        
          the more than 400 emails the average customer re-
        
        
          ceives from brands each month.
        
        
          “In an industry that’s evolving at the speed of light,
        
        
          email, when leveraged in context of the custom-
        
        
          er’s experiences, remains one of the most effec-
        
        
          tive ways for brands to engage with the always on
        
        
          consumer,” said Deepak Advani, General Manager,
        
        
          IBM Commerce. “By combing email marketing
        
        
          with deep analytics, marketers can now understand
        
        
          their customers on entirely new levels, generating
        
        
          additional insights from the digital world to deliver
        
        
          meaningful experiences for each consumer at the
        
        
          right place and the right time.”