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| Let's Get Open |
(Wrote this one for the day gig, folks.
You can see it live in the corporate wild here.)
Raising your open rates is a constant concern for many marketing managers in pharma and a prime focus of what we do at MNG Direct. Here are four abiding strategies that help us deliver results.
1) To go three steps forward, you might need to take one step back.
Here’s a quick hypothetical scenario. You are running a simple A/B creative test for an e-mail campaign, which means you are splitting the list in half and making a single change so you can measure the impact of that decision. Rank the three outcomes below in order of preference.
a) Creative A performs 8% better than average, Creative B performs 4% worse
b) Creative A performs 28% worse than average, Creative B performs 15% better
c) Creative A performs 22% better than average, and Creative B performs 21% better
The answer is (drumroll please!)…B, then A, and then C.
That may seem counterintuitive, because we all want winners, and we’re leaving the two biggest ones on the sideline…but the problem with the results from Group C is that there’s no variation in the performance that you can use to inform future creative. When your work all performs the same, or is within a range where confidence from statistical significance is low, you do not have the information you need to make optimal choices for the next execution.
So, to sum up – when testing, go for bold single changes in test cells, made without fear. Learn from every test, and test whenever possible. It’s vital.
2) Counterpunch the clock with data.
One of the most common questions in this industry is, when is the optimal time and day of the week to send e-mail? The problem is the question does not have a simple answer, because your e-mail does not hit the in-box in a vacuum.
Let’s imagine that you get a concrete answer – Monday at 8:30 am – and that it actually is the best time to send. This finding most likely came from data or a test and will become known by other e-mail professionals. Keep in mind that your healthcare professionals (HCPs) probably also subscribe to content newsletters, get notification e-mails from e-commerce vendors, and likely sift through dozens, if not hundreds, of e-mails in a day. So how many of these communications will wind up showing up in their in-boxes on Monday at 8:30 am? Probably too many for yours to really stand out.
At MNG Direct, we’ve seen consistent wins from dayparting in a more varied and granular approach, by category, click-through destination, frequency, and so on. This lets us generate a personalized plan for our flights and creates an atmosphere where we are continually learning. As a bonus, it also means that we are never overly dependent on a single time and day slot.
3) Mobile is more of a mindset than a platform. It’s also dominant.
Many design professionals go for responsive coding in their e-mails to ensure smooth deployment in mobile handsets, and then they consider the job done. This leaves a lot of engagement on the table.
When an HCP is viewing your e-mail on a handset, it’s more than just a smaller screen that you have to worry about, more scrolling than on a desktop or laptop, or a different direction in panning. Dayparting is also a major consideration, since many HCPs are smartphone users who extend their accessibility beyond traditional business hours, and they may also not be willing or able to spend mobile bandwidth on high data transfers. With up to three out of every four people filtering for later or accessing e-mail content directly through mobile, your mindset needs to be mobile first, not mobile friendly. (As a final point on this, you also should be looking at your work on a variety of screens and monitoring how that display mix changes over time.)
4) Prioritize your testing levers.
In every e-mail campaign, there are a number of variable choices that can have an impact on open rates. Sender names, subject lines, dayparting, preheaders, and preview pane creative elements are all in play, and that’s independent of more technical aspects like in-boxing to avoid the junk folder, hard and soft bounces, list hygiene, ISP white-listing, avoiding spam “honeypots,” and so on. Stay in the space long enough and you’ll wind up with winning and losing practices in all of the above, along with a sense of optimal practices, hopefully through test cell data.
But while all of these tactics have the ability to spike engagement metrics in different ways, they don’t have the same impact. Subject lines and sender names appear to all users, and dayparting also has universal impact. Getting deeper, preheaders and preview pane elements only have impact to the subset of users that are in a consideration path, but they can make all of the difference in the right placement, especially if you are looking to optimize beyond opens. As always, the data should drive your decision-making process.
Next Steps
While open rates may be the primary point of concern for most e-mail professionals, at MNG Direct, we take a more nuanced view, and we monitor a host of other metrics. That’s because any single e-mail metric, even one as important as open rate, will not give you the full indication of a campaign’s performance.
For instance…if your campaign has high opens but poor deliverability and high unsubscribes, that’s not a successful campaign. Similarly, a high click rate e-mail might sound great, but not if the opens are low, or if there are very few conversions on a landing page. Seasonality will also have an impact, and seeing how all of these metrics perform in relation to each other, over multiple flights, is also important.
Increasing your open rate is a laudable goal. But it shouldn’t be your only goal.
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Feel free to comment, as well as like or share this column, connect with me on LinkedIn, or email me at davidlmountain at gmail dot com, or hit the RFP boxes at top right. RFPs are always free, and we hope to hear from you soon.
