How Much Does Email Marketing Cost

Businesses are confronted with a multitude of channels and platforms to choose from when allocating their precious marketing budgets. These channels range from social media advertising and search engine optimisation (SEO) to content marketing and pay-per-click (PPC) advertising. Email marketing is a powerful tool for businesses looking to connect with their audience, build brand awareness, and drive sales. However, before embarking on an email marketing campaign, it’s essential to understand how much does email marketing cost.

The cost of email marketing in the UK can vary widely depending on several factors, including the size of your email list, the features and services you require, and the email marketing platform you choose. Furthermore, the cost of email marketing can vary whether it’s done in-house or through an agency. On average, businesses in the UK can expect to pay anywhere from £10 to £1,000 or more per month for email marketing.

Factors That Influence Costs

1. Email Marketing Software Costs

Email marketing software is a fundamental component of any email marketing campaign. The costs associated with email marketing software can vary widely and depend on several factors, including:

• Type of Software: There are numerous email marketing platforms available, ranging from free to premium options. Some of the best email marketing software platforms are: Mailchimp, Klaviyo, Constant Contact, Moosend, and more.
• Number of Subscribers: Many email marketing platforms price their services based on the number of subscribers on your email list. As your list grows, so will your monthly costs. For example, if you have a list of 10,000 subscribers, you can expect to pay more than if you have a list of 1,000 subscribers.
• Features and Add-Ons: The cost may increase if you require advanced features like marketing automation, A/B testing, in-depth analytics, and integration with other software or services.
• Payment Plans: Monthly subscriptions are common, but some platforms offer pay-as-you-go or annual plans with discounts.

2. List Building and Management:

Building and managing your email list is crucial. Costs in this area may include:

• List Growth: Expenses related to acquiring new subscribers through lead generation campaigns.
• List Cleaning: Periodic cleaning of your email list to remove inactive or invalid email addresses.

3. Content Creation Costs

The content of your emails can impact costs, including:

• Copywriting: Hiring a copywriter to craft compelling email copy.
• Design: Creating visually appealing email templates and graphics.
• Media: Costs for images, videos, or other multimedia elements.

4. Deliverability and Testing

Ensuring your emails reach the inbox and perform well requires investment in:

• Testing Tools: A/B testing and optimisation tools.
• Email Authentication: Implementing SPF, DKIM, and DMARC to improve deliverability.

5. Compliance and Legal Costs

Compliance with data protection laws, such as GDPR, may necessitate legal advice and tools for compliance.

6. Additional Costs

Consider other miscellaneous costs like customer support, analytics tools, and training.

Email Marketing ROI

One of the core tenets of this strategic approach is the evaluation of the return on investment (ROI) for each marketing channel. ROI serves as the compass that guides businesses towards optimal resource allocation. It is the means by which organisations gauge the effectiveness and efficiency of their marketing efforts. In essence, ROI quantifies the returns generated for every pound invested in a particular channel, helping businesses make informed decisions about where to allocate their budgets for maximum impact.

However, within this diverse ecosystem of marketing channels, email marketing stands out as a stalwart and reliable performer. It not only complements other digital marketing strategies but also boasts unique advantages that make it a cornerstone of many successful marketing campaigns.

According to a 2021 survey conducted among marketers in the United Kingdom, email marketing demonstrated its prowess by delivering an impressive ROI. The survey revealed that, on average, every pound invested in email marketing yielded a return of approximately 38.33 British pounds. This marked a notable increase from the previous year when the ROI was 35.41 pounds. These statistics underscore the effectiveness of email marketing in generating substantial returns for businesses of all sizes.

Email marketing’s appeal lies in its directness and personalization. It allows businesses to establish a direct line of communication with their audience, delivering tailored messages and offers right to their recipients’ inboxes. This personal touch often results in higher engagement rates and conversion rates compared to more passive marketing channels.

Moreover, email marketing provides a platform for nurturing relationships with customers over time. By consistently delivering valuable content, promotions, and updates, businesses can build trust and loyalty with their subscribers, fostering a sense of connection and brand affinity.

How can email marketing help your business?

Email marketing can significantly benefit your business in numerous ways. It provides a direct and cost-effective means of engaging with your target audience, building brand loyalty, and driving conversions. By delivering personalized content, promotions, and updates to your subscribers’ inboxes, you can nurture relationships and keep your brand top-of-mind. Furthermore, email marketing allows you to segment your audience, ensuring that the right message reaches the right people at the right time, thereby increasing the relevance and impact of your campaigns.

To unlock the full potential of email marketing for your business, consider partnering with Netzoll, a leading digital marketing agency in the UK. Our expert team can help you strategise, execute, and optimise your email marketing efforts to achieve remarkable results. Start enhancing your marketing strategy with Netzoll. Contact us today.