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Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

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Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance Ashley Thompson Brand and Communications Manager CPAP.com  Bronto’s platform for monitoring sends is great, but are you using everything you can to efficiently check how your campaigns are doing? · Individual Message Reporting: Green or Blue Metrics? Learn why CPAP.com uses the green metrics to track performance over time. Also, learn about categorizing messages to understand how they truly stack up against one another. · Delivery Groups: Aggregate your related sends to see how your campaigns do as a whole. Click reports are a great way to see what items your customers are the most interested in over a greater period of time. · Monthly / Quarterly Reports: What are you doing to monitor your list and revenue growth? Set up segments to get an at-a-glance look at how you are growing incrementally. · Year-Over-Year Performance: Learn some basic calculations to give insight into your annual performance. · Projecting Growth: Use these simple formulas to project your revenue and profit in different areas for upcoming months. This method can help you identify key areas where you can focus your efforts. Ashley Thompson will go through concrete examples to show how to make calculations for each of these areas.

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Page 1: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance
Page 2: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Don't Just Look Smart. Be Smart!

Quick + Smart Ways to Evaluate Email KPIs

Page 3: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Overview

Page 4: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Overview

Here's What We Will Be Looking at Today:

- What the heck is this “CPAP” thing?

- Metrics Overview

- 5 Key Tips for Tracking Email Performance

- Q + A

Page 5: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Introduction / About CPAP.com

Page 6: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

But Really, What's a CPAP?

CPAP Masks and Machines Treat Sleep Apnea.

Page 7: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

What's Sleep Apnea?

Sleep Apnea is a disorder that causes the soft palate to

relax and block airways causing one to “suffocate”.

Page 8: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

But Really, What's a CPAP?

A Little Bit More on CPAP Equipment...

Page 9: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

More About Sleep Apnea

Sleep Apnea Facts:

• 1 in 18 Americans have Sleep Apnea

• More prevalent in men than women

• Women who do have Sleep Apnea are less likely to

show traditional symptoms (snoring) and typically

have morning headaches, daytime sleepiness

and insomnia

• Having untreated Sleep Apnea greatly increases

your risk for cancer, diabetes, heart disease and

even your chances of getting Alzheimer's

Page 10: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

A Little Bit About CPAP.com

Located in Stafford, Texas – Right outside of Houston.

Page 11: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

A Little Bit About CPAP.com

CPAP land

• Online and profitable since early 90s

• eCommerce > Healthcare

• Metrics driven

• Grown rapidly

• My background

• Also, we're hiring

Page 12: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Let's Talk Numbers: Basic Metrics

Page 13: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

The Basics

Stuff You Probably Already Know:

• Delivery Rate

• Open Rate

• Click Rate

• Conversion Rate

• Revenue / Email

• Revenue

• AOV

Page 14: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Tip One: Check Yourself.

Page 15: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Reliability is Key

Make Sure Your Numbers are Accurate

• Test Sends

- Don't test the basics, test the tracking!

• Compare with Google Analytics or Other Provider

- Home > Connections Center > Custom Analytics

Page 16: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Reliabilty is Key

How Can This Be Tested?

1. Clear your cache from your email browser

2. Send a single test send

3. Open, click, and place a test purchase from this

email

4. If applicable, make sure Analytics are displaying

- One missing </a> can mess up tracking for a

message

5. Check Bronto to make sure activity matches the

reports

Page 17: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Reliabilty is Key

Know What You are Tracking:

1. Is Bronto reporting ship costs?

2. Is Bronto reporting tax costs (if applicable)?

3. How do discounts from promo codes get

reported?

4. What about returned equipment?

- Return rates can be very helpful here

5. Note: Opens and clicks cannot be tracked in

some clients.

Page 18: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Tip Two: Know What to Look At.

Page 19: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

A CPAP.com Case Study...

• We A | B Tested Two Subject Lines for Our Spring Sale

- 30.2% - Your Inbox Just Laid Eggs!

- 24.9% - On the Hunt? See What We've Got Inside!

Page 20: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Know What to Look At

The “Blue” Charts Don't Offer a Good Apples to Apples

Comparison

Page 21: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

“Green” Charts Allow for Better Evaluations Across Messages

Know What to Look At

Page 22: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

• Pipeline Metrics (“Blue Charts”)

• Pros:

- Great picture on how customers flow through the

funnel

- Gives insight to where customers fall off

• Cons

- Harder to compare against overall efforts

Know What to Look At

Page 23: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

• Delivery Metrics (“Green Charts”)

• Pros:

- Chart to chart comparison provides better trend

data

• Cons

- Doesn't reveal where customers get “stuck”

Know What to Look At

Page 24: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Pipeline Metrics

Delivery Metrics

Subject A Subject B

Know What to Look At

Page 25: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Drawing Comparisons

• If you categorize your messages, delivery reports will be

much more effective in helping you compare

performance

- These metrics are for a sale newsletter.

- Using a delivery group of similar messages, we can

compare performance trends.

Know What to Look At

Page 26: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Wait, What's a Delivery Group?

• Quick Tip:

- Under the “Messages” tab, select “Delivery Groups”

- Add various messages and deliveries to view

comprehensive reports

Page 27: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Compare These Two Sends v the Average for Delivery Group:

Subject A Subject B

Summary Report

Know What to Look At

Page 28: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Compare These Two Sends v the Average for Delivery Group:

Subject A Subject B

Summary Report

Know What to Look At

Page 29: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Tip Three: Run A | B Tests.

Page 30: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Run A | B Tests

Types of A | B Tests

• Subject Line

• From Name and Address

• Date and Time of Send

• Full Message Content

Bronto makes A | B testing really easy – no reason not

to do it!

Page 31: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Run A | B Tests

Use Comparison Reports to Evaluate Performance

• Go to Reporting > Comparison Reports

• View side by side snapshots of message

performance

• Take notes and capitalize on your findings

- Use your data to make remails more efficient

- Note reoccurring trends over time

Page 32: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Run A | B Tests

Example: Putting Data to Work

• Initial showed discount offer in the green egg was

used the most

Initial

Send

Remail

Page 33: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Run A | B Tests

A Few Fun Things We've Learned from A | B Tests:

• Using “Brand New:” in a subject line routine out

performs other variations for product launch emails.

• Price buttons have lower click through rates but

ultimately higher conversion rates than sale or

product name buttons.

• Weird, short and humorous subject lines generally

have the highest open rate.

• Lately, we've even found sale emails have a higher

conversion rate on Saturday than on Friday.

Page 34: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Tip Four: Make Projections

Page 35: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Projecting Revenue for a Send

• Delivery Groups Again!

• Remember Revenue / Email?

• You can use the Revenue / Email metrics of a

Delivery Group to project how an email will do.

- ex. Your Sales category sends have a

revenue / email rate of 45¢

- Your next sale email will be sending to a list of

200,000

- 200,000 x .45 = $90,000

• Of course there will be fluctuation, but gives a good

ballpark

Page 36: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Projecting Revenue for a Send

Beware – Many Things Can Affect These Calculations

• Your list will hopefully grow between one

send to another

• You need to consistently account for inactive

contacts

Page 37: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Projecting Future Revenue of a Send

What If I Want to Project Revenue for a Future Send?

1. First decide what date range you are projecting

for

2. Calculate your growth for the same increment

of time

3. Apply growth rate to current list size

4. Multiply projected list size by average

revenue / email for similar newsletter

category

Page 38: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Projecting Future Revenue of a Send

Example: What do we project revenue to be on a sale

newsletter going out three months from now?

1. Look at growth rate for a three month period.

List size January 1 = 115,000

List size March 31 = 120,000

2. Calculate Growth Rate

120,000 / 115,000 = 104.34%

3. Multiply Current list size by Growth Rate

121,700 * 1.0434 = 126,981

Page 39: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Projecting Future Revenue of a Send

Example: What do we project revenue to be on a sale

newsletter going out three months from now?

(continued)

3. Multiply Projected List Size by Average Revenue

/ Email

126,981 * 45¢ = $57,141.45

Page 40: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Quick Tip

Where Do I Get List Growth Data?

• Reporting > Dashboard > Contact Growth Over

Time

- Pick Your List

- Select Contact Points to See Contact Count

Page 41: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Projecting Future Revenue of a Send

Beware – Many Things Can Affect These Calculations:

• A marked increase or decrease in regular list

growth

• Sending to an unusual segment

• Seasonal impacts

• The basic appeal of the offer

- Fine tuned delivery groups can alleviate

this

Page 42: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Tip Five: Schedule Your Reporting.

Page 43: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Recommended Reporting Schedule

When to Look at Reports is Pretty Obvious

• By Message

• Monthly

• Quarterly

• Annually

But What to Look at is Important...

Page 44: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

By Message

Important Things to Check

• Reminder to look at “Green” charts

• Use Comparison Report to view A | B tests

and see what works the best

• Delivery Rate

- Easy to overlook, but very important

Page 45: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

By Month and Quarter

Important Things to Check

• Create a delivery group for the entire month

• Compare to previous month and year over

year

• Look at aggregated performance metrics

- Are there consistent trends across emails?

- What is the single most clicked link?

- Are there any holes?

Page 46: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

By Month and Quarter

Glimpse of a Sample Report from CPAP.com:

Income numbers removed for confidentiality purposes

Page 47: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

By Month and Quarter

What Can We Learn From This Report?

• Communications were more efficient in 2012 than

2013

• Average order value was higher in 2013

• Extra sends indicate there is a bit of list

fatigue

• Less remails might increase click and

conversion rate / email next season

• Increased revenue (not shown) should be

weighed against the amount of list

fatigue

Page 48: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

By Year

Important Things to Check

• Were year over year trends the same?

- What worked and should be repeated?

• How much was revenue up / down annually?

- Did increase / decrease in revenue match

company's overall growth rate?

• Did you send more or less?

• How much is a subscriber worth annually?

Page 49: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

By Year

How Do I Find Out These Things Out?

• Annual Trends: Rates Over Time

- It's still all about the delivery group!

- Create a group with all messages for the

year

- Go to Reporting > Dashboard > Message

Performance Over Time

- Select your delivery group and choose your

date range for the year under question

Page 50: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

By Year

Rates for

2013

Page 51: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

By Year

How Do I Find Out These Things Out?

• Annual Trends: Year Over Year Comparisons

- Simply compare delivery group metrics

year over year

- ex. Compare key metrics for 2012 and 2013

- Was overall click and conversion rate up or

down?

- How does your revenue / email compare?

- Did overall revenue go up?

- If so, was it on par with overall site

growth?

Page 52: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

By Year

How Do I Find Out These Things Out?

• Annual Trends: Annual Subscriber Worth

- Refer to the same delivery group for the

year

- Look at Revenue / Email

- Multiply Revenue / Email * Number of

Deliveries

Page 53: Look Smart: Top 5 Quick & Easy Ways to Evaluate Email Performance

Question + Answer

Ashley Thompson