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Firearm Lifecycle Marketing

Use Lifecycle Marketing to Boost Your Firearm E-commerce Revenue

By Firearms Marketing

Growth is hard—and expensive. The companies you see growing quickly, have a lot of money and usually have a really cool product. Does this describe you? 

When you think about ecommerce—the first thing most people think about is generating a sale. It’s all about the money, right? But what if I told you there’s more to it than that, and your thinking is too linear, and you’re leaving a lot of money on the table by not taking the process further.

In this post, taken from a recent webinar by Austin Brawner, of Brand Growth Experts for Klaviyo—you’ll learn three assertions about how to boost revenue through your e-commerce store via lifecycle marketing.

What is Lifecycle Marketing?

Lifecycle marketing is creating a managed communications or contact strategy to prioritize and integrate the full range of marketing communications channels and experiences to support prospects and customers on their path-to-purchase using techniques such as persuasive personalized messaging and re-marketing. (Source: SmartInsights)

 

Firearm ecommerce Marketing

Source: SmartInsights

What is Klaviyo?
Klaviyo is a marketing automation platform that helps e-commerce marketers get better results from data-driven marketing. In data-driven marketing, the main objective is to use data to get the right message to the right person at the right time. The best way for a firearm, hunting, and outdoor companies to do so (right now) is by email marketing.

 

Klaviyo Firearm Email Marekting

Assertion #1
The fastest way to grow is to outspend and out-convert your competition.

Right now web traffic is a commodity. You can go and cut a check to any industry digital media outlet, Google or Facebook (non-FFL items) to buy traffic. If you can spend $10 where your competitor can only spend $5, you win that customer. And if you can out-convert your competition, this means you are getting more of that traffic and more customers—which means more market share.

Assertion #2
Email marketing (when done correctly) virtually guarantees that you can outspend your competition. To spend more, you need to be able to either convert better or net a greater Customer Lifetime Value (CLV).

To explain this, let’s look at the Cost of Acquisition Payback Model.

What is CAC and Why Should You Care?

To put it simply – CAC is the total cost of sales and marketing efforts that are needed to acquire a customer. It is one of the defining factors in whether your company has a viable business model that can yield profits by keeping acquisition costs low as you scale. (Source: ProftWell)

CAC Model Lifecycle Marketing

The Cost of Acquisition Payback Model says that it will cost you money to get a customer (red), but after that customer purchases from you, you begin to break even and start to make that money back—over time. The goal is to move those customers into the (green) through repeat purchases. And the best way to do that is through email. The reason? Email creates more repeat purchases which are more profitable. According to the Direct Marketing Association, it yields an estimated 4,300 percent ROI. Every dollar spent on email marketing offers a return of $44, says ExactTarget.

If you have customers, that are interested in what you’re doing and you’ve won them over with your brand and products, email (right now) is the best way to continue to market to them. In the table below, you can see how one company was able to double purchases—the second order is almost 4x more valuable than the first.

Firearm CAC

Source: Brand Growth Experts

But one of the hardest parts of e-commerce is turning a 1x customer into a repeat buyer. Customer churn is expensive, time-consuming, and taxing. Once you have your customer, you must work hard to keep them engaged.

Repeat business is the key from going to ‘feast or famine’ to stable, predictable revenue—like a SAAS company.

In a second example (below), when compared to Pay Per Click, you can see from this data, the difference between email and paid search, even when the order amounts are the same (250), the profit margin between email and paid is substantial. PPC obviously won’t apply to FFL items—but for scopes, holsters, safes, and other kinds of hunting, outdoor or firearm gear—this can be substantial savings.

 

Firearms PPC vs Email Marketing

Source: Brand Growth Experts

 

Assertion #3
The best way to implement email marketing is via a handful of proven lifecycle marketing campaigns.

Lifecycle Marketing

When a customer comes to your site, the customer is usually fairly excited and may end up purchasing more than one product from you. But over time, they become less engaged and will need more incentives and better offers to entice them to buy. So your goal as a marketer is to decrease friction with better offers. It’s also smart at this point to augment your email marketing efforts with content or inbound marketing to build/sustain your customer base and influence customer loyalty. 

The lifecycle dictates how to market: right offer, right segment, right time.

Conclusion: Master lifecycle marketing, master growth.

Email marketing combined with lifecycle marketing is one of the most powerful tools available to firearm, outdoor and hunting marketers—yet few have implemented it. Investing in a robust email marketing program that is wrapped into lifecycle marketing not only can generate revenue but build your brand and create customers for life.

Interested in seeing how your e-commerce store can be improved?

Contact Us Today!

 

Enhance your Firearm Digital Marketing


Brand Development Inbound Marketing Consultant

By Josh Claflin, Brand Development, Inbound Marketing & Creative Strategy
Josh helps brands in the tech, outdoor and firearms industry who are struggling to develop their brand; grow, stabilize or increase profits through their websites; increase revenue through online channels and enter the digital era of marketing.

 

Firearm Marketing in a Slow Economy

4 Questions About Firearm Marketing When Sales Slow Down

By Firearms Marketing

Whether you’re seeing a “Trump Bump” or a “Trump Slump”—there are plenty of conflicting reports out there that provide insight into the health of our industry. Some true, but most of them false.

However, when sales are in a slump or your segment of the gun industry is stagnant (i.e. suppressors), consistent and creative marketing can be done cost efficiently to give you a little extra boost if you know where to start.

In this post, I answer four questions recently asked of me by a friend in the firearms industry that pertains to marketing when things begin to slow down. I hope these answers will give you some insight on how you can cost effectively boost your online sales if you’re in a slump.

 

Q1. What should a company think about when determining its marketing strategy in a slower economy?

A: It’s generally accepted that it costs three times more to find a new customer than it does to sell to an existing customer. In a slow economy (or when sales slow), focusing on your current customer base by using cross-sell/upsell tactics and customer-only incentives through email should be part of your plan to boost/sustain sales. Firearm enthusiasts tend to be fiercely loyal to the brands in which they put their trust. If you’re not showing love to your current customers via email marketing and social media—they may go somewhere else. Firearm manufacturers can no longer afford to have a one-way conversation with their customers, especially in a slow economy.

 

Q2. How does the slower economy affect, if at all, the mix of print vs. digital marketing?

A: A majority of firearm companies have not moved with their customers online. We need to remember firearm customers are also buyers of smartphones, music, cars, home repair services, technology etc. Over 60% of people begin research for these products and services on search engines. I believe traditional marketing is still important in the firearms industry because a lot of the opportunities other industries have available have been taken away from firearm brands (Facebook Ads, YouTube, and Google PPC). However, as firearm enthusiasts become younger, more urban and more ethnic, a magazine will not be the first place they go to research guns. Trends show more marketing budgets are being allocated to digital marketing (influencers, email, marketing automation, SEO, e-commerce, and content) because it’s cheaper, trackable and can be done in real-time. 

 

Q3. What are some low-budget but effective marketing tactics firearms and gear companies should consider? 

A: Influencer marketing has always been part of a smart marketing mix in the firearms industry. I believe it’s never been more important given the rise in fake news and manipulative advertising. Influencer marketing can be a low-cost way to reach hunters/shooters who have trusted followers on Facebook, Instagram, and Twitter. The second—and just as important—is combining email marketing with segmentation, abandoned cart, personalization and automated workflows. These programs have shown to have a high-rate of return on investment and are a highly effective way to convert new customers, retarget old customers and keep current ones engaged. 

Check out these email automation software providers:

  1. Klaviyo
  2. Seventh Sense
  3. HubSpot
  4. Mail Chimp / Mandrill

Q4. What marketing strategy or tactic is absolutely crucial these days — and why?

A. Today, companies still need a marketing budget that mixes print, tv and trade show—but when things slow down, digital and e-commerce can deliver more bang for the buck. This is especially important for manufacturers with smaller budgets and a small list of dealers. By focusing on helping your customers become better in whatever their particular interests are (recreational, competition, home defense, tactical etc.) along with an innovative product roadmap, firearm brands will be able to remain fresh and relevant.

Customers want to hear from the brands they trust. When your brand is the most trusted and top of mind—customers are more likely to choose your brand over any alternatives.

What do you think? Comment below or send me an email.

 


Brand Development Inbound Marketing Consultant

By Josh Claflin, Brand Development, Inbound Marketing & Creative Strategy
Josh helps brands in the tech, outdoor and firearms industry who are struggling to develop their brand; grow, stabilize or increase profits through their websites; increase revenue through online channels and enter the digital era of marketing.

 

firearm email marketing

The 4 Principles of Effective Firearm Email Marketing

By Firearms Marketing

Email marketing in the firearms industry continues to be a viable and cost-effective way to reach current customers and build trust with those who’ve yet to buy from you.

With more and more channels taken away from digital firearm marketers (Facebook Ads, YouTube, Google PPC, etc.) email marketing can become one of your brand’s greatest ways to generate revenue—if you understand how to do it right.

In this post, I’ll outline the four principles of an effective email marketing framework to help you make your email marketing more effective.

 

1. Rise of mobile

81% of smartphone users say email is the most popular activity they use their phone for. (Source: Pew Research) With this statistic in mind, it’s important for marketers in the firearm industry to design and develop emails with a mobile first strategy. Most popular email platforms like MailChimp, iContact, and Constant Contact provide mobile-based templates built-in. Just make sure when testing your campaigns that you check them in a mobile browser to make sure they load fast, the type is large enough to read, and the call-to- actions look correct.

 

2. The significance of segmentation

When asked to rate the statement: “Most of the marketing emails I receive include no content or offers that are of interest to me.” 63% agree or strongly agree. (Source: DMA)

Data suggests that context is just as important as content. Don’t send offers for hunting products to people who are only interested in concealed carry or vice-versa if you have multiple product lines.

“Segmentation is the first step in personalization.”

Get started with segmentation by using forms that ask users to self-identify. Start by identifying your buyer personas and create lists within your database or marketing automation software around customer groups with the same interests.

For example, a form element that asks a website visitor to signup for your newsletter or downloadable user manual may look like this:

What best describes you?
– Hunter
– Recreational Shooter
– Competition
– Military
– LEO

This will help you understand more about who your customers are so you can move closer to personalizing your offers.

 

3. The power of personalization

94% of businesses say personalization is critical to their current and future success. (Source: eConsultantcy). 

After segmentation, the first step in personalization is to have a way to sort your database contacts according to their interests within the broader segment. The second is to be able to identify what behaviors (actions) they took on your website to identify other areas of your product offering they might be interested in.

Behavioral marketing (BM) is perhaps one the biggest advancements in email marketing in recent years. With the rise of Artificial Intelligence (AI), and event driven email technology, digital firearm marketers can become even more targeted and precise. (Source: Email Vendor Selection) BM can offer a distinct competitive advantage to companies wishing to optimize their firearm digital marketing and automation further.

What is behavioral email marketing?
Rather than maintaining simple ‘lists’ of customers, behavioral email marketing software allows you to build up an individual profile for each of your subscribers and sort them accordingly.

Behavioral email campaigns are based on the actions that your customers do (or do not take) when interacting with your business’ website. This allows you to send emails that truly matter to each individual recipient. (Source: Email Vendor Selection)

Using our example above, you may have a customer who has identified them self as a Hunter—but who has also visited your web page that sells choke tubes for turkey hunting at a middle price point. With behavioral marketing, you would send them an offer for a choke tube in the context of turkey hunting at the price point they’re interested versus a generic choke tube offer (or nothing at all). By using context, you’ll provide a more meaningful interaction and meet your customer at the right place and the right time—when they are actively looking for a choke tube for turkey hunting.

Statistics show that contextual emails (such as transactional and trigger-based campaigns) have an average open rate of around 50%, while offer-based emails have an average open rate of around 22%.

 

Context Firearm Email Marketing

 

Behavioral emails are effective because they are triggered based on a prospect’s behavior. As a result, these emails are almost never a surprise. They are an expected reaction to an action taken by a user.

That’s the true power of behavioral emails – they are activated by the user, not the marketer. (Source: HubSpot)

 

4. The importance of data-driven analysis and optimization

Analytics is the engine that powers the growth of your business. (Source: Hubspot)

Without a good and “understandable” analytics tool, you won’t know how to improve your email marketing efforts. Analytics helps you get away from “the send and pray you get a good click through rate” approach, that most firearm marketers conduct. Tools with A/B testing, dynamic content and the ability to use a customer’s name can help you understand what messages are working and what aren’t and help you become a better digital marketer in the process

When starting an email marketing program, begin with a mobile-first approach, start segmenting as soon as possible, personalize through behaviors and use a robust analytic tool to send event-based emails. By incorporating these four principles and optimizing over time, you can turn your email marketing program into one of your most profitable marketing channels.

 

Enhance your Firearm Digital Marketing


Brand Development Inbound Marketing Consultant

By Josh Claflin, Brand Development, Inbound Marketing & Creative Strategy
Josh helps brands in the hunting, outdoor and firearms industry who are struggling to develop their brand; grow, stabilize or increase profits through their websites; increase revenue through online channels and enter the digital era of marketing.

firearms-guns-hunting-black-friday-email-marketing

4 Ideas for Your Hunting and Firearms Black Friday Campaign

By Firearms and Hunting

The biggest shopping weekend of the year is coming up and now is the time to begin preparing. 

U.S. Thanksgiving and Black Friday online sales last year totaled over $1.7 Billion in 2015. And with background checks setting new records in the firearm industry last year with 185K, you can bet that this year is going to be just as good or better. And a few industry resources of mine mentioned to me, although unverified—

  • “For the first time, more people shopped online than store purchases”
    (Black Friday 2015 –
    Dick’s Sporting Goods)

Assuming you’ve defined an offer on your website, whether it’s free shipping, a sales discount or you’ve arranged some kind of offer with your dealers, there is much you can do to boost this year’s Black Friday sales to get a piece of the action.

Below are four ideas to help you move the needle for your hunting, outdoor or firearms business—based on latest online retail statistics and what other savvy companies are doing to boost Black Friday sales.

1. Segment your email campaign
If you’re planning to send a blanket email to your subscriber list, you may want to take a step back and reevaluate. Sending blanket emails may work if you sell only one multi-use product, but if you have multiple buyer personas, who buy your product—you’ll need to segment those customers and tailor those messages to their preferences to make your email campaign more effective.

According to Mailchimp, segmented emails perform markedly better than non-segmented emails:

  • 14.1% more opens
  • 59.82% more clicks
  • 8.86% lower unsubscribes

“When we first started with digital marketing, we were one of those companies that would send a one-size-fits-all message to everyone,” says Matteo Recanatini, Beretta’s Digital & Ecommerce Manager. “We needed a more effective way to identify the different lifestyles and preferences of our customers and deliver content that actually mattered to them through different channels.” (Source: Hubspot

What if I haven’t been segmenting?
If you haven’t been segmenting your contacts through some kind of marketing automation software, and you have no idea who your subscribers are, then the next best thing is to get busy setting up individual landing pages per persona and offer an incentive or discount code so you can begin gathering this information. Create a form on your landing page that asks what their interests are and how they use your product for better understanding. After the initial blast, be ready to send a personalized email to those segments to increase engagement.  Once they fill out the form, direct them to a thank you page for them to claim their offer, whether it’s an ebook, whitepaper or even a coupon code. Your product may be one-size-fits-all, but your customers may have different interests. Figure out what those differences are and create personalized emails based on solving their problems or providing solutions while attaching a discounted sales price.

Don’t forget an attention-grabbing subject line.
Subject lines are critical—33 percent of subscribers decide whether or not to open your email based on the subject line alone. With email volumes increasing exponentially around the holidays, your subject line needs to work even harder to get potential shoppers to open your email and take action.

  • Stand out: Using emoji gun-emojican boost open rates.
  • Be festive: Beyond emoji, use words like “Holiday Sale” for promotions. Holiday-themed open rates tended to be higher.
  • Ask a question: “Ready to knock out your holiday shopping?” or “What will you do with your 50 percent off holiday coupon?”
  • Make it urgent: Emphasize pending deadlines like “Cyber Monday Sale ends today” or “Holiday door-busters till noon only.”

(Source: iMedia)

2. Send dealer locations
For hunting or firearms manufacturers who choose to downplay their online sales, you may want to help your dealers out by sending their offers to your subscriber list and then segment those dealers by location, so your subscribers know where to go to buy your products. Create some urgency around the sale and send them the address and store hours so they know where to go. This can also help you build stronger relationships with your most important buyers and show you care about them.

3. Put your deals on the home page
Americans plan to do almost half of their holiday shopping online this year, and one in five of those who own smartphones will use them to purchase holiday merchandise, the highest since NRF first asked in 2011. (Source: NRF)

If you have a website that is somewhat extensive, you may want to run your deals directly on your home page with a quick checkout option or link to your dealer locator. Make it simple and quick to take advantage of the shopping frenzy.

4. Get mobile now
For the first time, online traffic from mobile devices outpaced traditional PCs on Thanksgiving Day. As IBM predicted within one percent of accuracy, Thanksgiving Day reached a new mobile tipping point with smartphones and tablets accounting for 52.1 percent of all online traffic. Overall Thanksgiving online sales were up 14.3 percent compared to 2013. (Source: IBM)

If you haven’t gotten your website converted to a responsive platform—meaning that it renders well on tablet and mobile devices—you’ve limited your brand’s ability to take advantage of almost half of all internet traffic and potential online sales. (Source: Search Engine Land) The best hunting and firearm websites in the industry have converted over and so should you as soon as possible if you haven’t already.

Men say they always use mobile devices to check prices while shopping in stores versus just five percent of women. (Source: Kellogg Shopper Index)

Mobile will play a critical shopping role today, Saturday, and Sunday, with an estimated 60 million consumers planning to use their devices to shop, research purchases, or seek retailer information. (Source: InMobi)

If your site isn’t mobile, a quick fix is to redirect all web queries to a mobile-optimized page using the keywords of your deals during Thanksgiving through Cyber Monday and place your offers directly on that page.

Don’t forget to utilize your social media channels to amplify your sales and drive traffic.

So in conclusion, segment your emails to increase engagement, help your dealers out, put your deals on your home page for fast and easy checkout and make sure your site is mobile-ready to capture those in-store searches. 

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Brand Development Inbound Marketing Consultant

By Josh Claflin, Brand Development, Inbound Marketing & Creative Strategy
Josh helps brands in the hunting, outdoor and firearms industry who are struggling to develop their brand; grow, stabilize or increase profits through their websites; increase revenue through online channels and enter the digital era of marketing.

 

How-To-Plan-and-Build-an-Automated-Lead-Nurturing-Workflow

How To Plan and Build an Automated Lead Nurturing Workflow

By Inbound Marketing

 

Your campaign doesn’t end when leads convert on your landing page. Understanding your buyer’s journey from Awareness to Consideration to Decision is critically important in setting up lead nurturing workflows.

marketing-lifecycle-buyers-journey

What is a workflow?
Workflows give you the ability to automate your marketing to actual people, not just clicks and opens. A workflow tool is included in most marketing automation platforms like HubSpot.

What is lead nurturing?
Lead nurturing is a workflow of engaging contacts via automated touches (email) to build a relationship; with the end goal of closing a more educated and qualified customer. When engaging in lead nurturing, you need to be aware of three principles that will make them effective.

Each workflow should address the following:

Grow and nurture relationships – Ask yourself, is this adding value to the contact or is it self-serving?

Educational content – Does this content help or educate your contact?

Hyper-personalization – Try to personalize your workflows as much as possible. This is also called segmentation. As an example, don’t send emails meant for C-Suite executives to mid-level managers. Create and tailor content based on your buyer persona.

Lead nurturing is especially effective for businesses that offer complex products and services. Lead nurturing helps educate your prospect by spoon feeding them information in a way that educates them slowly that doesn’t overwhelm them; with the end goal of moving them from awareness to decision.

Here are some facts as to why lead nurturing is important:

  • 79% of marketing leads never convert into sales. Lack of lead nurturing is the common cause of this poor performance. (Source: MarketingSherpa)
  • Only 25% of leads are legitimate and should advance to sales. (Source: Gleanster Research)
  • Research shows that 35-50% of sales go to the vendor that responds first. (Source: InsideSales.com)
  • 61% of B2B marketers send all leads directly to Sales; however, only 27% of those leads will be qualified. (Source: MarketingSherpa)
  • Nurtured leads make 47% larger purchases than non-nurtured leads. (Source: The Annuitas Group)
  • Companies that excel at lead nurturing generate 50% more sales ready leads at 33% lower cost. (Source: Forrester Research)
  • A whopping 68% of B2B organizations have not identified their funnel. (Source: MarketingSherpa)
  • Today, customers manage 85% of their relationship without talking to a human. (Source: Gartner Research)

In this post, I give you 5 best practices for automating your lead nurturing workflows.

1. Identify the goal of the workflow
The most popular goal of any workflow is based around the marketing lifecycle. Your focus will be on moving your contact to the next stage of the lifecycle.

So for example, a workflow goal would look something like this:

  • Goal = Download Whitepaper
  • Goal = Contact attends webinar
  • Goal= Visits x number pages on your website
  • Goal= Contact request demo
  • Goal= Contact signs contract

Workflow Sales FunnelTo the right is a sample workflow that overlays the sales funnel and buyers lifecycle with the inbound marketing methodology. We will discuss the types of email to send once the contact opts in to the sales funnel shortly. The goal of this workflow is to move them through your workflow in an effort to build trust—so that they achieve your end goal. In this example the end-goal is: request a demo.

2. Identify contacts that should be enrolled in your workflow
When designing your workflows, make sure to enroll the correct personas. This can be done through your landing page forms by requiring your visitor to self-identify. See Landing Page Best Practices.

3. Select the appropriate number and type of emails to send
To identify the appropriate number of emails you should send, breakdown the types of email into 4 classes:

1. Email 1: Goal = Build trust/condition
The purpose of this type of email is to build trust and relevancy. Make sure whatever you send, it’s something your contact will find useful. The email should also reference why you’re reaching out to them and provide some useful blog links (this is a great way to drive additional traffic to your website). When executed correctly, you’ll begin to build trust that will help condition them to open future emails. Keep your emails short and simple, make sure the subject line is relevant to the action the contact took, always include a link back to the page they signed up on and personalize it. Delay 4 days from first touch.


2. Email 2: Goal = Additional downloads
Once you’ve establish some level of trust, you want to begin to draw a connection between the topic of your workflow and your solution. This could be in the form of whitepapers, ebooks, webinars or case studies. You allow them to consume your resources to further understand your organizations value. At this stage you are not yet selling them. You are still building trust. Delay 4 days from second touch.


3. Email 3 & 4: Goal = Soft/Hard Goal
By now, your contacts that are engaged will trust you and are beginning to understand the value of your organization and how you will solve their problem. You’ve probably seen them on your website a few more times—these are signals of a qualified lead. Now is the time to position your goal of the workflow (request a demo) as the next logical step for the contact to take. Position this step as part of the discovery process by focusing on delivering more detail on how you can specifically help them. At this point, they should be interested in talking to you and signing up for a demo. Delay 3 days from third touch.

4. Email 5: Goal = Breakup/Goal Action
The break-up email is designed to make it clear that this is the last email they will be receiving in conjunction with the type of emails they’ve been getting. Our goal with this email is to make one last-ditch effort to complete your goal (request a demo). Let them know this is the last email, and ask them to subscribe to your blog. Believe it or not, a P.S. works well here. Delay 3 days from fourth touch.


4. A word on timing
Timing is always important when nurturing your leads. You can easily upset people by emailing them too much or too little. There is a delicate balance when playing with the timing of your emails. Experiment with what times work best. Do not email your contact every day otherwise you’ll get flagged for spam. A safe place to start is one email every week for 4 weeks.

5. Identify contacts to suppress from your workflow
When setting up your lead nurturing workflows make sure to exclude any current customers, opportunities, competitors or contacts were a specific product or service is not relevant.

What if a contact just bypasses the whole workflow and calls me? Sometimes, a contact will just call you after spending some time on your website and bypass the entire workflow. Continue to follow the workflow and be prepared to tweak it slightly. The goal is still to educate them and distinguish your services from potential competitors they may be evaluating.

In conclusion, the lead nurturing process always starts with a desired end goal. Each email should be educational, simple and short, personalized and timed correctly. Each stage of the buyer’s lifecycle should be kept in mind as you move your contact to the next stage. By conducting lead nurturing you can expect to send your sales team more “sales-qualified” leads and close more business. 

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