Traditional vs. Social: How Email & Social Media Stack Up
As much as we believe in the power of social media, and especially advertising through social media, email is still king.
We love email! Not just we as in me and my co-workers, but we the collective people. 86% of consumers like to receive promotional emails from companies they do business with at least monthly, and 15% like to get them daily (Statista, 2015).
If someone signs up for your business emails/newsletters, it’s an open invitation to market to them. They WANT to know what you have to say. If you’re smart about the types of emails you send, it can pay off big.
In fact, according to Campaign Monitor, a popular email marketing resource, expect an ROI 3800% and $38 for every $1 spent.
But how does email marketing measure against running Facebook ads? Is it superior, or can they work hand-in-hand?
How Email & Social Media Stack Up
- Easy to track for conversion and calculate ROI
- Sign-ups have expressed interest in your brand and message
- Ability to make edits in real time and easy A/B testing
- Reach a custom audience that hasn’t heard of you
The average email open rate across all industries is 21%. Considering many quality email services are free to use (like Mailchimp and their Forever Free option) then you are already at an advantage over Facebook ads which require you to spend money for that kind of reach.
We consider the best approach is using a combination of both. Nurture and grow your email list and spend the time it takes to deliver great emails. At the exact same time, run a Facebook ad campaign that grows your email list (a lead gen ad or a link ad).
It’s utilizing the strengths of both tactics and that’s working smart!
>> READ our Case Study to see how we grew our client’s email list by 86% with a Facebook Lead Gen Ad.
- Reliability of landing in the inbox and being opened
- One-way communication
- More expensive than email
- Potential to waste money if managed poorly
- Time investment – set-up, monitoring, analytics
If the average open rate is 21%, that means almost 80% of your email list does not open your email. It can be an unreliable tactic when you have a really important message to get out. Email also lacks the social part that is such a strength of social media. When you run Facebook ads, you have the ability to interact in real-time and get a clear read on how your message is being received.
Give It A Try
There are advantages to both email marketing and social media ads, but the best strategy of all just might be using them together!