As 2023 draws to a close we wanted to take a moment to reflect on all thatโs happened over the past 12 months. In particular, we want to take a closer look at email marketing.
We took a look at the content we published in the past year and gathered resources from across the web to compile a list of the biggest email marketing changes we saw in the last year. These changes likely arenโt going anywhere, so letโs get to it.
1. Artificial Intelligence
Yeah, big surprise, AI is on the list. Artificial Intelligence really took off in 2023โspecifically, generative AI. McKinsey, in fact, referred to 2023 as โGenerative AIโs Breakout Year.โ In the same article they mention, โThe most commonly reported business functions using these [generative AI] tools are the same as those in which AI use is most common overall: marketing and sales, product and service development, and service operations, such as customer care and back-office support.โ
So how did AI impact email marketing? While generative AI can and did help email marketers write the copy for the body of the email itself (like Grammarlyโs professional email writing tool and Iterableโs Copy Assist), email marketing is impacted by AI beyond just the content creation. Take Iterableโs Send Time Optimization (STO), for example. With this tool, AI is employed to examine historical customer behaviorโlike engagementโand that data is used to dictate the best time for sending future emails.
2. Privacy
In 2023 email authentication quickly rose to the top of the priority list for email marketers. Back in September, Iterableโs Email Deliverability Consultant, Steve Duff, wrote about the importance of email authentication. He said, โEmail authentication adds layers of security that bolster trust, safeguard personal information, and preserve the integrity of digital interactions in an effort to make email safe for both senders and recipients.โ
Then, in October, Iterableโs Senior Director of Delivery Operations, Seth Charles, covered the upcoming Google and Yahoo email policy updates that hinge on email authentication. โStarting in February of 2024, both email platforms will begin to block and aggressively filter incoming email traffic that doesnโt meet new message authentication and procedural requirements.โ While the impending changes donโt occur until next year, email marketers should start putting procedures in place to ensure their emails are viewed as authentic by senders.
3. Automation
This probably doesnโt come as a shock either, but automation had a moment in 2023 and itโs not stopping anytime soon. Automation takes the guesswork out of email marketing. While we donโt recommend a โset-it-and-forget-itโ mentality (good to keep an eye on things and audit regularly), automation does help free up your time to focus on the bigger picture. With automation, instead of zooming into each email and thinking about when youโre going to hit โsendโ you can take a step back and think about what each individual customerโs journey will look like as a whole.
Take A+E Networks, for example. With a variety of different channelsโincluding A&E, Lifetime, The HISTORYยฎ Channel, LMN, FYI, VICELAND, and Crime+InvestigationโA+E Networks still manages to send highly personalized welcome emails via Iterable. Because each channel has a unique website where users can opt-in to receive emails, A+E uses this information to automate which welcome email goes out to which customer.
4. Cross-Channel
It wouldnโt be an Iterable article without a mention of good olโ cross-channel marketing. This isnโt a new concept, but weโve seen it take a front seat in the past year. Email has often been touted as the marketing channel with the highest ROI. While this still holds true (with an ROI of $36-$42 for every $1 spent), email marketing is best when used as part of a multi-channel marketing strategy.
So, something weโve seen in the past year is a re-balancing of marketing channels. Because customersโ inboxes are getting more and more cluttered, finding ways to incorporate other marketing channels has been critical for brandsโ success in the past year.
5. New KPIs
New tools means new measures of success. As email marketing evolved in 2023, new KPIs started to become more important for determining whether or not a strategy is working. Back in June we published an article featuring some email marketing KPIs to keep an eye on. Our list included some less-common metrics like: inbox placement rate (IPR), email forwarding rate, and list growth rate.
While these metrics arenโt necessarily new, they are becoming more important to email marketers as email marketing continues to evolve. For example, IPR is the number of emails that successfully land in a customerโs inbox versus being marked as spam or bouncing completely. This particular metric goes hand in hand with the prioritization of privacy and authentication mentioned above.
What a Year Itโs Been
Weโve seen a shift in email priorities in the past year, and itโs not stopping any time soon. While weโll have some 2024 predictions regarding upcoming email trends early next year, itโs important to take time to reflect, level-set, and understand the changes that have emerged in 2023 to set yourself and your team up for greatness in the coming year.
With AI, privacy, automation, cross-channel, and new KPIs taking a front seat, the way email programs are designed going forward will need to take all of these elements into consideration. Luckily, these changes are all extremely beneficial to marketers and help improve efficiency and effectivenessโso nothing to fear.
To learn more about how Iterable can help you achieve your email marketing goals in 2024, schedule a demo today.
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