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Charleston, SC May 15, 2024
Brands are expected to spend $247 billion on social media marketing in 2024 to fight for consumers’ attention. With people spending more than two hours a day on social media, brands would be foolish not to spend their ad dollars on social platforms, right?
According to data, brands may have it all wrong. For every dollar businesses spend on social media, they get $5 back. Even though this is considered a good return on investment (ROI), other marketing channels, such as email marketing, perform seven times better.
Email marketing has an ROI of 3600% worldwide and 7200% in the U.S. This means that businesses get $36 for every dollar they spend on email marketing, or $72 if they are based in the US.
“People don’t open their social media apps to view ads, they’re just a part of the experience,” says Greg Zakowicz, senior ecommerce marketing expert at Omnisend. “With email, it’s the opposite. People choose to receive them. When they open their inboxes, they’re looking to shop and you have their attention.”
The ROI difference alone is not the only metric that proves how email marketing outperforms social media:
“Even though social media marketing is less effective than email marketing, the most effective strategy is taking a 360 approach and combining different marketing channels to achieve the best results,” says Greg Zakowicz, marketing expert at Omnisend.
Here are three ways brands can combine their social media and email marketing efforts to maximize their ROI.
“What’s hot isn’t always what’s best. From a business perspective, marketing is about maximizing ROI, and here is where email marketing is established, consistent, and superior. Say what you will, but Email marketing isn’t dead. It’s just getting started,” says Greg Zakowicz.
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