Growth Newsletter #042
This newsletter curates growth insights from Demand Curve's community. It keeps you up-to-date on growth tactics.
This week we're covering product categories, critical email flows, and product customization.
This week's tactics
Best practices for 4 critical email flows
Insight from Demand Curve.
Triggered emails typically convert better than broadcast emails. (It's reported that they drive 624% more conversions than broadcasts.)
Triggered emails are pre-written campaigns that trigger based on someone's engagement with your site or app.
4 trigger-based campaigns are more profitable than the rest. Here's how to get them right:
1. Welcome nurture: Welcome emails often get 4x more opens and 5x more clicks than your other promo emails.
- Include your brand's name in the From field (ex. Julian at Demand Curve)
- Remind them what benefits they can expect
2. Abandoned cart: This will likely be the most profitable email you'll ever send. Adding to cart shows massive buying intent.
- Over 70% of ecommerce carts are abandoned
- Create copy that answers: "Why buy now?"
3. New customer post-purchase: You've got your customer's undivided attention—get them excited.
- Tell them next steps and set expectations
- Validate they made the right decision
- Cross-sell accessories or complimentary products
4. Customer re-engagement: Each subsequent purchase increases your customer's lifetime value. And it's cheaper to re-engage existing customers than it is to acquire new ones.
- Share useful and relevant lifestyle content
- Mix-in special offers and seasonal sales
Use product customization to grow conversion
Insight from Demand Curve.
People place a higher value on things that they have a hand in creating. If you allow people to customize your product, they'll either convert at a higher rate, or pay more for it.
Two examples of customization:
Ecommerce: Converse allows shoppers to choose the color, shape, and star placement of their famous All-Star shoes.
SaaS: Slack lets users customize their setup with bots and integrations. Customization in SaaS also improves rentention—switching costs rise as users integrate other tools.
A lesser-known benefit: Customization generates valuable data. Take Converse. If people self-select one particular color or style more than the rest, Converse can use that data to create a core product line.
Community Spotlight
News and Links
Brand new stuff (and we're hiring)
Demand Curve has 3 awesome roles that we're looking to fill. We'll pay well, give you autonomy, and you'll work with a great team (all positions are remote).
Best editor we know: Rachel Jepsen is the best content editor we've worked with. She'll go through your blog/ebook/essay drafts and pick them apart brilliantly—helping you rethink what you're saying and why. You can contact her here and follow her on Twitter here.
Something fun
