Optimizing your email marketing is the #1 way to maximize the LTV of your customers.
Here are 5 key optimizations you can make to add an extra $922k/month:
1. Segment your abandonment flows into 4 stages:
- Site abandonment - active on site
- Browse abandonment - viewed product
- Cart abandonment - added to cart
- Checkout abandonment - started checkout
Tailor your strategy according to their level of intent (e.g. checkout > site)
2. Use personalized post-purchase flows to maximize retention
Personalize the messaging based on:
1. Level of engagement (last time they purchased)
2. Level of investment (how many times they've purchased)
3. Products they're interested in (what have they purchased/looked at)
3. Test different offers as winback campaigns, then implement the winners into your winback flow
Test different types of offers:
- Free item w purchase
- Tiered discount
- Buy X get Y
- Cashback
- % off
Give more generous offers the longer it's been since they've purchased.
4. Turn off smart sending
I commonly see big stores that have smart sending on their most important flows.
This causes a lot of qualified leads to be skipped from being sent these flows.
Just by turning this off you can add an extra 6 fig per year (depending on traffic).
5. Utilize plain text messages from the founder
If most of your emails are designed, these will stand out as authentic & build the connection the reader has with the brand.
Use them at important points such as in the welcome flow, thank you notes to customers, etc.