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How Much Does Email Marketing Cost?
Today every business is using email marketing irrespective of their niche. The cost of email marketing does have some ups and downs in the process. Read on to know more about the same!
It does not matter how big or small your business is and how advanced tools and technologies you are using; you need marketing to grow and survive in the world. Due to modern technology and audiences, many business processes have also changed. And marketing is among them. You can't survive in the modern world with traditional marketing, and to make your grip over a digital audience, you must need the help of digital marketing.
Now digital marketing is a huge concept with tons of processes and modules. But the one that strikes everyone's mind after hearing about digital marketing is Email marketing. E-mail marketing is one of the main and most used modules of digital marketing.
From very small businesses to multinational giants, every company or even famous personalities use email marketing to grow their business and increase their user base. But still, many small businesses don't know how much does email marketing costs, and due to no or less knowledge about pricing, they ignore it. This blog will discuss what e-mail marketing is and how much it costs.
What is Email Marketing?
So, a person can easily understand what e-mail marketing is by its name. It simply means marketing through E-mail. So, basically, E-mail acts as a marketing channel through which brand or business do their marketing campaigns. Now the reason why it is popular and effective is its user base.
An E-mail has billions of active users and is one of the most widely used professional communication channels. From the common man to famous personalities and an employee to business owners, everyone uses E-mail, and most importantly, everyone checks their e-mail regularly. So by email marketing, businesses or brands easily connect with their customers, can convert leads into customers, and increase brand awareness at a huge scale.
Pricing of Email Marketing
E-mail marketing is a huge concept, or you can say it is a well-ordered process with proper planning. Now, there is nothing like email marketing cost; pricing is calculated for email marketing campaigns. And the cost of an email marketing campaign depends upon multiple factors. So, let's see what factors does cost of e-mail marketing depends
E-Mail Service Provider or Tool
Well, you can't do everything by yourself. Even if you are a small business owner with a tight budget, you must spend some money on E mail service provider or tool. Don't confuse this with email marketing agency because it is different. An E-mail service provider is a tool or software which allows you to run your e-mail marketing campaigns. It is only limited to the delivery of your e-mails and reports or the performance of your campaigns. You have to do all other things on your own, which is why it is a cheap option compared to hiring an email marketing agency. Now, these tools or software have different plans, and the more the features more their pricing.
Size of Email Lists
Now, this is very important because if your email list is huge, you have to pay a lot. Doesn't matter which software you use or even if you have hired an agency; pricing will increase with the size of e-mail lists. Both software and agencies offer some limits in their plans, and the costlier the plan is, the more limit they provide. Every business or brand wants to increase its email lists, so ultimately, your cost for email marketing will increase in the future. The would-be no chance that you cut down your costs once you start email marketing, and if you do so, it will negatively impact your business growth.
Volume of Email
This factor also directly impacts the cost of email marketing. Volume simply means how many emails you want to send your subscribers in a specific time frame. Now, this specific time frame is a part of your email marketing strategy, but for e-mail service providers and agencies, this time frame is one month. It means they set their pricing or plan every month, so you will get a specific number of emails in a month. Here also, the costlier the plan, the more volume you will get. So, it depends upon your strategy and other factors also. For example, some businesses must send mail daily to keep their customers updated, while sending mail in a month is sufficient for some.
How Much Does Email Marketing Cost
But the question of how much does email marketing costs still exists. By telling you the factors, we wanted to tell you the cost is not fixed; it depends upon your marketing goals, strategies, and business requirements. But to give you an idea for a small and new business, email marketing can cost between $25 to $300 per month. For medium businesses, it can cost between $500 to $1000, and for a well-established business, it can cost more than $1500 per month.
Wrapping up
Email marketing is undoubtedly one of the most effective marketing strategies, and it is also considered the cheapest one as compared to other techniques. After reading this blog, you will understand that e-mail marketing costs may vary from business to business because it depends on multiple factors. However, we have given some rough estimates to clear your doubts regarding how much does email marketing costs.
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