In my work in marketing communications, I’m asked pretty often what expectations are realistic for a successful e-mail marketing initiative. While the goal is to achieve as much engagement as possible, the reality of overflowing e-mail inboxes means that engagement may never rise to the level we would like it to be.
So, it’s good to know what “reasonable expectations” might be. And for that, we can look to evidence gathered by Campaign Monitor, a leading e-mail marketing platform. Based on analyzing actions and engagement on the millions of e-mail campaigns deployed from its platform, Campaign Monitor has assembled performance benchmarks for a number of industries, and they are instructive.
In broad terms, here are the average metrics Campaign Monitor has compiled across all of the industries it has studied:
- Open rate: ~17.9%
- Click-to-open rate: ~14.1%
- Clickthrough rate: ~2.7%
- Bounce rate: ~1.0%
- Unsubscribe rate: ~0.2%
So … a campaign that may seem at first blush to be doing only a middling job might actually be performing noticeably better than many others.
Across the various industries evaluated by Campaign Monitor, it turns out that the “gap” between the best-performing open rate averages and the lowest ones isn’t all that great. The top-performing category is not-for-profit organizations, where the average open rate is ~20.4%. At the low end of the scale is government entities, where the average open rate is ~15.1%.
As for the best-performing days of the week to deploy e-mails, open rate stats are strongest on Thursdays, while the best performance on clickthrough rates is Tuesday.
These benchmarks are informative, but for many marketers an equally important measure of performance will be to compare against their own past results as the baseline. That could well be a more realistic (and easier) way to determine what success actually looks like for a particular company or brand and its products.
What sort of metrics are you seeing in your own segment of industry? How do they stack up against the overall metrics that Campaign Monitor has compiled? Please share your observations with other viewers here.