The Smart Lab: 6 Holiday Email Marketing Strategies To Boost Sales
From creating catchy subject lines to retargeting abandoned carts, Emmanuel Raheb has a half-dozen pieces of email marketing advice.
According to Campaign Monitor, email accounts for roughly $44 in new sales for every $1 spent, giving you a massive return on investment.
It’s also data-driven with a flexibility that allows you to adapt and modify your strategy as needed. You can tailor your marketing approach until you get the results desired.
With inflation running at a record high and some consumers more cautious about spending, email marketing is absolutely essential to succeed this holiday season.
Here are six strategies you can use today to employ email marketing to grow your jewelry sales.
1. Segment your customer base.
Audience segmentation is one of the quickest ways to improve your email marketing.
Think about it.
Sending emails to people who are no longer interested in what you’re offering is a waste of time and resources.
Filter out uninterested people and refine your audience to include only your best prospects. Save money by pruning your list on a monthly basis, removing everyone who hasn’t opened an email or clicked recently.
Other ways to segment your audience include: by type of jewelry, by purchase frequency, or by order amount. These are three easy groups to start with.
2. Offer promotions.
With the economy tightening, people are always looking for a good deal. Everyone wants to save money.
Use promotions such as buy-one, get-one-free offers, student discounts, coupons, and more.
Something as simple as offering free shipping with orders totaling more than a certain amount is a good way to improve your email effectiveness and increase your holiday sales.
Customers are known to add more items to their cart just to get free shipping.
3. Improve your email subject lines.
Your email subject line is the first thing people know about your message. Make yours stand out.
The goal is to grab attention and get opened, but also to stay out of the spam filters. You don’t want to get blocked and make your next email your last.
To get noticed, think like your customer. What would entice them to open your email instead of someone else?
Using a fun holiday subject line will separate you from others. It tells people your email is relevant and timely for the season
4. Create a sense of urgency.
Many people procrastinate, especially when making large purchases, like fine jewelry. To get your customers to act, you need to create a sense of urgency.
Here are some ways you can incentivize your customers to make quicker purchase decisions: add a countdown timer to your checkout page, generate impulse buys with one-day only sales, or use limited-quantity deals where once a jewelry style sells out, it’s gone forever.
Urgency is a powerful motivator.
Social media is the perfect place to promote your jewelry store. Leverage your existing email list to drive new traffic to your social media pages and grow your audience on Instagram, Facebook, Pinterest and TikTok.
It’s possible someone may have visited your website but has never seen you on social media.
You can also use this strategy in reverse and leverage your social media audience to increase your email list. The more places people follow you, the more times they’ll see your message and remember you, and the more jewelry sales you’ll make.
6. Retarget abandoned carts.
No matter how good your website is, you’ll always have someone who doesn’t complete their purchase. People want to shop more, they get distracted or simply forget.
Sending a follow-up email to your customers who left something in their cart is a simple way to increase sales with very little effort. Remember, if they started the checkout process, they’re interested! They just need to be reminded.
It’s not unheard of to get conversion rates of 30 to 40 percent or more if your email is well written and you include a special offer. That’s found money!
Begin today to improve your email marketing and you’ll not only attract new customers but also boost your jewelry store’s brand awareness and make more sales all year long.
Follow these six simple email marketing strategies and you’re guaranteed to always be on Santa’s nice list.
The Latest
Said to be the first to write a jewelry sales manual for the industry, Zell is remembered for his zest for life.
The company outfitted the Polaris Dawn spaceflight crew with watches that will later be auctioned off to benefit St. Jude’s.
A buyer paid more than $100,000 for the gemstone known as “Little Willie,” setting a new auction record for a Scottish freshwater pearl.
Supplier Spotlight Sponsored by GIA.
Anita Gumuchian created the 18-karat yellow gold necklace using 189 carats of colored gemstones she spent the last 40 years collecting.
The giant gem came from Karowe, the same mine that yielded the 1,109-carat Lesedi La Rona and the 1,758-carat Sewelô diamond.
The three-stone ring was designed by Shahla Karimi Jewelry and represents Cuoco, her fiancé Tom Pelphrey, and their child.
Supplier Spotlight Sponsored by GIA
The Manhattan jewelry store has partnered with Xarissa B. of Jewel Boxing on a necklace capsule collection.
Acting as temporary virtual Post-it notes, Notes are designed to help strengthen mutual connections, not reach new audiences.
The jewelry historian discusses the history and cultural significance of jewelry throughout time and across the globe.
From fringe and tassels to pieces that give the illusion they are in motion, jewelry with movement is trending.
The designer and maker found community around her Philadelphia studio and creative inspiration on the sidewalks below it.
The industry consultant’s new book focuses on what she learned as an athlete recovering from a broken back.
The fair will take place on the West Coast for the first time, hosted by Altana Fine Jewelry in Oakland, California.
Hillelson is a second-generation diamantaire and CEO of Owl Financial Group.
Submissions in the categories of Jewelry Design, Media Excellence, and Retail Excellence will be accepted through this Friday, Aug. 23.
Known as “Little Willie,” it’s the largest freshwater pearl found in recent history in Scotland and is notable for its shape and color.
Clements Jewelers in Madisonville cited competition from larger retailers and online sellers as the driving factor.
The gemstone company is moving to the Ross Metal Exchange in New York City’s Diamond District.
Most of the 18th century royal jewelry taken from the Green Vault Museum in Dresden, Germany, in 2019 went back on display this week.
The Pittsburgh jeweler has opened a store in the nearby Nemacolin resort.
With a 40-carat cabochon emerald, this necklace is as powerful and elegant as a cat.
The Erlanger, Kentucky-based company was recognized for its reliability when it comes to repairs and fast turnaround times.
Unable to pay its debts, the ruby and sapphire miner is looking to restructure and become a “competitive and attractive” company.
The trend forecaster’s latest guide has intel on upcoming trends in the jewelry market.
Ingraham said she’ll use the scholarship funds to attend the Women’s Leadership Program at the Yale School of Management.