We’ve seen more than a few agencies who aren’t seeing the results they were looking for with their current new business strategy. Many new business teams are stuck with an old mindset that proactive email marketing is just spam and not worth their time. When done right, email marketing can be a terrific way to maximize your ROI of time and money for new business growth.
So why is email such an important piece of your new business strategy? Email as an outreach approach has fewer barriers to implementation and is a relatively inexpensive process to begin. It’s also a great way to deliver the tangible results you’re looking for, because you can track everything and easily attribute leads to different campaigns. There is no mystery where leads come from.
The biggest obstacle to adopting a marketing automation strategy is “not having a strategy at all,” according to Marketing Automation Trends Survey.
Email marketing—specifically email automation campaigns—offers an inexpensive approach that will not only drive growth, but build your agency a sustainable prospect database from which you can always mine new opportunities. It’s the most effective way to grow your business, relative to the amount of money you spend. In fact, your ROI should skyrocket by implementing an email automation campaign. Consider these statistics:
- B2B marketers see an average 20% increase in sales opportunities from nurtured leads compared to non-nurtured leads after deploying a lead nurturing program.
- B2B marketers who install marketing automation increase their sales to pipeline contribution by 10%.
- 54% of companies using marketing automation capture intelligence for the sales team. This compares to only 25% of companies without marketing automation.
It all boils down to one simple fact: Agencies that adopt an email marketing and marketing automation strategy outperform those companies that do not.
Resist the stories about emails and email marketing. Not all email is spam you need to filter. If used properly, email can be your least expensive means to grow organically and gain new business.
Agencies that focus on nurtured lead programs with great content via email, will find themselves starting any new relationship with a client at a much warmer spot. Rather than viewing each other as “seller vs buyer,” good email nurture programs allows for a “teacher and student” relationship. We trust our teachers while we don’t necessarily trust someone selling something.
Our most successful agencies keep this in mind. They build a marketing automation program, implement a CRM and combine it all with a business intelligence platform such as Winmo. As you build out your new business strategy, don’t discount email’s importance, just because it’s a discounted rate to get it started.