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The State of Email Marketing in 2024 | Email Expert Chase Dimond

The State of Email Marketing in 2024 | Email Expert Chase Dimond

Released Friday, 22nd March 2024
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The State of Email Marketing in 2024 | Email Expert Chase Dimond

The State of Email Marketing in 2024 | Email Expert Chase Dimond

The State of Email Marketing in 2024 | Email Expert Chase Dimond

The State of Email Marketing in 2024 | Email Expert Chase Dimond

Friday, 22nd March 2024
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Episode Transcript

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Hey, founder fam, before we dive

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So guys, please go check it out

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if you enjoying these interviews, that's it

1:51

from me. I hope you enjoy this

1:53

episode. Now let's jump in. It's

1:56

like the more data that you can collect, the

1:58

more you talk to your users, the better. better off

2:00

the experience is going to be and hopefully you're

2:02

going to minimize people that end up snoozing and

2:04

kind of churning off your emails. When

2:09

you need a thirst, you need to be

2:11

a thirsty human. Who is intent

2:13

on learning? It's a really fascinating

2:16

exploration of human potential. Now,

2:19

the founder podcast.

2:23

Even the greatest entrepreneurs had help.

2:26

If you want to learn from the most successful

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founders on the planet, you are in the right

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place. Princess, your Cuban, Tony Robbins, Jim

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Barrett, O'Yalas, O'Yalas, and Daniel C.J. Terry, V.S. O'Farrell,

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and David John. Learn from my

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greatest minds in business today with interviews

2:41

hosted by Nathan Chan. This

2:44

is not your average entrepreneur podcast.

2:47

The founder podcast. All

2:51

right. So,

2:56

Chase, this is the first interview we've

2:58

done. I've done many with you. You've

3:00

taught an incredible email marketing e-commerce course

3:03

on our platform. You are the absolute

3:05

go-to when it comes to email marketing,

3:07

especially when it comes to e-commerce. You've

3:09

helped all of our students in our

3:11

community and platform so much. So, when

3:13

it comes to email marketing, you're the

3:15

guy. So, the first question that

3:18

I ask everyone that comes on is, how

3:20

did you get your job okay? How

3:22

did you find yourself doing the work you're doing today? Yeah, Nathan, pumped

3:24

to be here and can't wait to get started. So,

3:27

for myself, so in college, I had so many

3:29

jobs and internships where I was exposed to sales

3:31

and marketing. So, I was just a hustler in

3:33

college. I was doing all these different jobs and

3:36

internships, just trying to figure out what the heck

3:38

I wanted to do. And after

3:40

kind of taking some time to reflect on, you

3:42

know, A, what I was good at, and

3:45

B, like what things or thing was

3:47

working well at work, I

3:49

landed on email marketing. I really haven't

3:51

looked back ever since. So, I really

3:53

started my career doing email marketing for

3:55

SaaS, for newsletter businesses, for info, and

3:58

I ultimately found e-commerce in 2060. And

4:00

have been almost exclusively focused on

4:02

e-commerce marketing ever since so I

4:05

just was kind of busy working Found

4:07

all these different types of marketing disciplines and

4:09

just fell in love with email Because

4:12

the way that you can communicate to so many

4:14

people but in a way that feels very personal

4:16

if you do it, right? So if you do

4:18

email well You could come communicate with a hundred

4:20

thousand people in a way that feels

4:22

like the email is almost crafted for them Or

4:25

for a few people versus it being like

4:27

this crazy thing like social media You put

4:29

a post out there you see all the engagements,

4:31

you know, it's not just for you. It's

4:33

a little bit less personal So that's what

4:35

I really found, you know and fell

4:37

in love with in terms of email marketing Yeah and Look

4:41

when it comes to email and if you

4:43

run an e-commerce business You have to get

4:45

your email marketing right because you could double

4:47

your revenue just from without it, right? You

4:50

could triple your revenue. You can do all

4:52

sorts of crazy stuff. So You've

4:55

taught a course on our platform and you really

4:57

like the go-to guy when it comes to e-commerce

5:00

especially for email marketing, so I'm

5:02

curious I Remember

5:05

last we checked you generated over is

5:07

it 500 million now in email attributes

5:09

400 I can't remember the number

5:11

exactly right we kind of stopped keeping count It's

5:14

hundreds of millions of dollars. We're sending billions of

5:16

emails every year for our clean We

5:18

specialize with working with seven to nine figure

5:20

brands and to your point email typically accounts

5:23

for Anywhere from like a

5:25

quarter to upwards of like a half

5:27

of their revenue email alone

5:29

That's not including SMS or anything else So

5:31

email still today in 2023 and beyond is insanely

5:34

powerful So

5:36

I hope everyone really takes notes because I've

5:38

got a lot of cool stuff planned for

5:41

today. Awesome So well, let's kick off like

5:43

when it comes to if you're advising, you

5:45

know an earlier stage brand How

5:47

would you recommend they get into email

5:49

like let's just then I know you know what to

5:51

share like let's just go Yeah, absolutely.

5:53

So one thing I want to preface is

5:56

email is only as good as the traffic

5:58

and elites that you have coming in There'll

6:00

be times where people reach out and they're like, hey, can you

6:02

do our email marketing? It's like, well, do you have a list?

6:04

Do you have traffic? And they're like, no. So

6:06

I want to preface that email is only

6:08

going to convert well if you

6:10

have good traffic and you have leads coming through.

6:13

If you do that, you're in

6:15

a great spot. So once you've started

6:17

driving traffic and traffic could mean paid

6:19

ads, you know, on Facebook and Instagram,

6:21

it could be paid search on Google.

6:23

It could be affiliate marketing. It could be

6:25

influencer marketing. It could be SEO. There's so

6:28

many ways to drive traffic. And that's not

6:30

what we're here to talk about today. But

6:32

if you find one or more of those

6:34

channels, I would then focus on the following.

6:36

So number one, we have to turn those

6:38

traffic into leads. So we do that through

6:40

an email pop-up, right? A form on your

6:42

website that typically pops up in the center

6:44

or the full screen that asks for your

6:46

email and e-commerce. It's typically accompanied with an

6:48

offer, 10% off free

6:51

shipping, $10 off entry into

6:54

a giveaway into a sweep state. So we need

6:56

some kind of mechanism to collect emails. And you

6:58

want to optimize and test the offer and test

7:00

the timing. Do you show it right away? Do

7:02

you show it after someone's scrolled a percentage of

7:05

the page? You show it on an accident tent,

7:07

test the different types of behaviors, as well

7:09

as the offers. That's number one. From

7:12

there, you want to build out automated

7:14

emails. So if someone enters their email

7:16

into your form, into your pop-up, we

7:19

then want to send them what's called a

7:21

welcome series for non buyers. And this is

7:23

three, four, five, six emails. That's really focused

7:25

on building trust and affinity with the subscriber.

7:28

And your brand, getting them used

7:30

to kind of receiving emails from you,

7:32

delivering whatever that value proposition you promised

7:34

that offer that discount, that free shipping,

7:36

that content, and really just building trust

7:38

through social proof, through UGC, through reviews,

7:40

through any kind of press mentions and

7:42

highlighting kind of your best products that

7:45

they should probably start with. These are

7:47

our best sellers. These are what people

7:49

say about them. So building up the

7:51

core flow. So we just talked about

7:53

the welcome series. It's also building out

7:55

what's called the abandonment flows. So it's

7:57

a site abandonment email, a browser abandonment

7:59

email. an abandoned cart, abandoned checkout, these

8:01

are different emails that are triggered based

8:03

off some kind of behavior that happens.

8:06

So if someone's on your list, they

8:08

add something to cart, but they

8:10

don't start checkout or they don't make a purchase,

8:12

we'll wanna send them an abandoned cart. So each

8:14

of the ones I mentioned, the site abandonment, the

8:16

browse abandonment, the abandoned cart, and the abandoned

8:18

checkout, those are all kind of

8:21

different levels and have different filters that are

8:23

triggering those emails. And all the email

8:25

platforms you use, this should be fairly simple to set up.

8:28

So that part shouldn't be too hard. And

8:30

then the last thing on that one, before I

8:32

talk about a few others, is post-purchase. Once

8:35

someone buys from you, you really wanna kind

8:37

of confirm and reaffirm that they made the

8:39

right decision, that they made the right purchase.

8:41

So sending customer thank you emails, sending a

8:44

review request to get feedback and kind of

8:46

reviews on your product, sending cross-sells and up-sells,

8:48

you know what they purchase, so you know

8:50

what they like, make recommendations

8:52

that are gonna be complementary for

8:54

them and beneficial for them. And

8:57

win back emails, so it's really important.

8:59

You drive the traffic, you turn the

9:01

traffic into an email, you automate these

9:03

sequences, these automations of emails that are

9:05

really high in 10. And

9:08

then from there, we also wanna

9:10

send ongoing weekly campaigns. That could

9:12

be things like product launches, flash

9:15

sales, holiday emails, new

9:17

blog content, different types of social proof,

9:19

any kind of current events. And

9:22

then from there, along with the campaigns, we're gonna

9:24

leverage what's called segmentation. And is this making sense

9:26

so far, am I going? Yeah, no, it's awesome,

9:28

this is awesome, keep going man. Okay,

9:31

cool, so along with the campaigns, right, we have

9:33

to pick a segment or a list to send

9:35

to. So we wanna pick things like folks that

9:37

are engaged, a 90-day engage, so someone

9:39

that's opened and or clicked in the last 90 days.

9:43

Other type of segmentation would be geography-based. So

9:45

I'm in the United States, I'm on the

9:47

west side of it, I'm in

9:49

California, the weather here is 75 degrees or

9:53

higher and sunny year round. So in

9:55

the winter here, you could still probably send

9:57

me an email with a T-shirt or phone.

10:00

flip-flops and shorts as an apparel company and

10:02

I would buy whereas that same time of

10:04

year in the winter for someone on the

10:06

East Coast let's say like in New York

10:08

you want to send them things

10:10

like jackets, pants, beanies, you

10:12

know socks, those types of

10:14

things so leveraging geography even

10:17

leveraging things like a gender so if you're an

10:19

apparel company you sell things for men versus women you

10:22

know send the items for men to men and

10:24

send the items for women to women and there's

10:26

all types of things that you can do which

10:28

we'll kind of talk about a little bit later

10:30

around like AI and predictive analytics to understand

10:33

someone's gender based off of

10:35

kind of census data so someone's

10:37

first name is this what's the

10:39

likelihood that that's male versus female or are you

10:41

not sure? So there's some really cool stuff that

10:43

you guys can do based off names and other

10:45

kind of data that's available to understand someone's potential

10:47

gender along with the cues and the signals

10:50

that you have on your site what

10:52

what gender is the product being looked

10:54

at from this person here

10:56

versus that person what are people adding to

10:58

cart what are people kind of

11:01

constantly doing and looking at so there's all

11:03

these cues that you can use to leverage

11:05

segmentation based off what people are doing on

11:07

their site what they've purchased and whatnot and

11:10

with all of the above you have

11:12

to be AB testing you want to

11:14

optimize you know the traffic

11:16

and the leads and the emails and

11:18

offers and everything you're doing so that

11:20

way you're driving the maximum impact possible

11:22

and with all of that probably the

11:24

least sexy most important thing

11:27

about emails email deliverability really

11:29

making sure that you're being mindful of your email delivery

11:31

if you do those five or six things that I

11:33

mentioned you're gonna be light years ahead of

11:35

everyone else yeah I love it man so there's a

11:38

few things to unpack there so you talk about first

11:40

of all pop-ups and

11:42

having some sort of offer like free shipping you

11:45

know 10 20 30 percent off some

11:47

sort of coupon code is

11:50

that the fastest way to build your list

11:52

are there any other ways that you found

11:54

or any tactics that you would highly recommend

11:56

that are cost-effective yeah it seems like for

11:58

our contact right now you know driving

12:00

paid traffic to a website, a landing

12:02

page, whatever it might be, and then

12:04

capitalizing with the popup typically is the,

12:07

you know, the highest converting kind of best

12:09

thing. That being said, there's a host of

12:11

other things that you guys can do. Um,

12:13

everything from running like kind of partnered giveaways.

12:16

So say you're a brand that sells to

12:18

men that are 18 to 35, go

12:21

find three or four other brands that

12:23

sell to that same demo that don't

12:26

have competitive products. Their products are complimentary,

12:28

not competitive. And if you guys

12:30

all kind of partner in promoting to your list,

12:32

promoting on social, maybe running some ad spend, you

12:34

can end up with a larger list. That being

12:36

said, you really want to do a couple

12:39

of things, right? To make sure that you end up with people

12:41

that actually want to buy your stuff. Far too

12:43

often I'll see like people do a giveaway

12:45

and they'll give away a car or an iPhone,

12:47

but they sell a t-shirt, right? Just

12:50

because someone's getting your iPhone or your car doesn't mean

12:52

they want your t-shirt. So when you do giveaways, giveaway,

12:54

the thing that you sell, make sure that people

12:57

actually want what you're giving away. I think that's

12:59

one. You know, I think two is,

13:01

you know, making sure that you've optimized

13:03

your checkout process so that way when people add their

13:05

email, they're being added to your database, you kind of

13:08

can follow up with them there. So I

13:10

think like, uh, paid traffic giveaways,

13:12

you know, optimizing the onsite collection is one.

13:14

There's also stuff out there that's, I'd say

13:16

in the U S is kind of in

13:18

the white and an elsewhere, elsewhere you can't

13:20

really do it. It's kind of a gray

13:23

or black. So I wouldn't touch it, but

13:25

there are sites out there that can basically

13:27

keep your, your, your website and based off

13:29

IP address, I can tell you people's emails.

13:31

It's kind of like this whole interesting strategy where

13:34

it's kind of almost like retargeting, right? Just having

13:36

like a pixel on your side that you can

13:38

retarget. It's the same thing, but it can actually

13:40

provide email. So there's a whole host of different

13:42

strategies depending on where you're based and kind of

13:44

how you feel about these types of marketing tactics.

13:46

Yeah. Okay. Interesting. Um, so

13:50

let's talk about kind of, you

13:52

talked about segmentation. What

13:54

do you do with people that aren't engaged and how

13:56

do you keep them engaged? And

13:59

how Should you mail your list? Yeah, that's

14:01

a great question So in terms of like the

14:04

frequency the frequency really depends

14:06

So as I mentioned in our

14:08

clients to a minimum of a million dollars a year Upwards

14:11

to hundreds of millions of dollars a year and

14:13

at those sizes We're typically sending two to

14:15

four or maybe three to five campaigns per

14:17

week per client some brands more some brands

14:20

less So if you have a smaller list

14:23

and you have fewer skews, you probably want

14:25

to send maybe weekly or maybe twice a

14:27

week So depending on list size the season

14:29

right during Black Friday Center money coming up

14:31

Obviously everyone's gonna be way more aggressive than

14:34

normal So your frequency during that period of

14:36

time might be daily whereas throughout the rest

14:38

of the year It might be

14:40

once twice three times a week You know

14:42

the more skews you have the more skews and products

14:44

you're adding the more often that you can send The

14:47

more often that you're kind of testing offers and

14:49

having different creative So most of our clients seven

14:51

to nine figures and two to four or three

14:54

to five times a week But if you're a

14:56

smaller store kind of just starting out I

14:58

would start with once a week make it really manageable

15:01

and then as your list scales as you have other

15:03

things going on Look at doing twice

15:05

a week and then kind of gradually scale up

15:08

By looking at the data and saying are

15:10

my people were enjoying these emails and then

15:12

also having this thing called a preference page

15:14

So what most people do is they have

15:17

send emails and then they have an unsubscribe They

15:19

don't have the ability for people to manage preference

15:22

and that helps you basically Keep

15:24

people on your list to help them kind of

15:26

set the frequency that they want to receive So

15:28

they might only want to receive sales emails So

15:31

if you're only sending sales email on a monthly

15:33

basis, they might only receive a monthly email However,

15:36

maybe they don't want to receive sales and they only

15:38

want to receive education That's

15:41

really important one other thing that's really interesting

15:43

that we've done It's

15:47

similar to a preference page but the very bottom of

15:49

the email almost towards the footer ahead

15:51

of the unsubscribe It says, you know

15:54

snooze your emails for a period of time two

15:56

weeks or a month So people can

15:58

temporary opt out of your emails for two

16:00

or four weeks, whatever reason it

16:02

might be. Maybe they're traveling, maybe they're in

16:04

their busy season. So by allowing people to

16:07

either manage preferences or pause emails for a

16:09

small period of time, we've seen that save

16:11

a lot of unsubs. So that's a big

16:13

one. And then what was the other question

16:16

you asked about frequency and then?

16:18

And then I guess you know not

16:21

just frequency but keeping your

16:24

list engaged. Yes. Yeah

16:26

so I think like with finding the

16:28

right frequency and sending the right content

16:30

mix. So there's frequency and then

16:32

there's variety right? And those two go really hand-in-hand.

16:34

Frequency is how often do you send and that's

16:36

kind of what we talked about and then variety

16:39

is well when you do send what are you

16:41

sending? Are you sending sales emails all the time?

16:43

If so, you're gonna have a lot

16:45

of people opt out. Unless you're known for

16:47

being a discount brand and people are signing

16:49

up for daily deals or ongoing deals, if

16:51

you're just pushing shells down people's face, people

16:53

are gonna unsub. So you really want to find that

16:55

balance between education,

16:57

entertainment, content, and

16:59

sales right? I think people have different goals when

17:01

they send to a brand. If you think about

17:04

the company called Chubby's right? The ones that makes

17:06

like those swim trunks and those board shorts. At

17:08

least in the US they're really big. A

17:10

lot of people found those emails really funny and

17:12

really humorous and really just enjoyed them and they

17:15

had a really unique voice. So also too depends

17:17

on like what's your tone and what's your voice.

17:20

So I think there's like all these factors that come into

17:22

play like are you funny? Do you have a

17:24

big list? Do you have a lot of

17:26

different types of things to say? That really

17:28

helps you get away with sending more emails and

17:31

if you kind of get into this part where

17:33

like you're not really sure why things are happening,

17:35

people are unsubscribing, there's not a lot of engagement.

17:37

The easiest quickest way that a lot of people forget

17:39

is just ask right? Ask

17:41

people on your list like what do you want to see?

17:43

You know how do you feel about

17:45

what we've been sending? And even within the email you

17:47

could have like something at the bottom that gives it like

17:50

click one of these things. One star, two store,

17:52

three store, five star and let us know how

17:54

we're doing. So you're gonna create this constant feedback

17:56

loop. I think a lot of times people are

17:58

missing those feedback loops. and the ability

18:01

for people to self-flex and kind of choose their

18:03

preferences. With those, you can get away sending more

18:05

emails and sending the right type of content, plus

18:08

the segmentation we talked about, right? Like all

18:10

of these things work together. There's no silver bullet.

18:12

It's like the more data that you can collect,

18:15

the more you talk to your users, the better off

18:17

the experience is going to be, and

18:19

hopefully you're going to minimize people that end

18:21

up snoozing and kind of churning off your

18:23

emails. Yeah, so I'm also curious

18:25

when it comes to how many

18:28

email subscribers you have, on average,

18:30

how much revenue have you seen?

18:32

Like this is a very difficult

18:34

question to answer because I know

18:36

you talk about lead quality and

18:39

where the engagement and all that kind of stuff,

18:41

but what range? Like if you have 2,000 people

18:44

on your email list, what kind of revenue

18:47

could you expect? Is it a dollar per

18:49

email? Is it $5? Like what's

18:52

the range that you've seen? Yeah, that's a

18:54

great question. It's really hard to say because when we

18:56

work with all of our clients, the AOV, right,

18:58

the average order value, the price that people are

19:00

paying when they order, varies. We

19:02

work with clients like the brand Poo-Pourri that makes the

19:04

spray for the bathroom that might sell like a $5

19:06

or $10 spray. And

19:09

we also work with a company called 8 Sleep that sells a

19:11

$3,000 or $5,000 mattress, right? So

19:14

it's really hard just because of one,

19:17

like frequency, right? The more frequent you

19:20

send, you're probably driving less revenue per

19:22

user. Also too, like

19:24

the more expensive the product is, you know,

19:26

the more technically that you'll make per user

19:28

if it's a good email. So

19:32

average order value, lifetime value, all these

19:34

things like frequency of purchase is really

19:36

hard. The easier thing to share is

19:38

kind of what I what I led

19:40

with earlier was like about a

19:42

quarter to, you know, upwards of a half

19:44

of your revenue should come from email and

19:46

or SMS, right, those to kind of combine.

19:49

So I think like, you know, if a brand has

19:51

2,000 people on their list, you

19:54

know, maybe they're converting, you know, x percent

19:56

or half a percent and also too, like,

19:58

it depends on if you're looking at. campaigns

20:00

versus flows. Right, the revenue from

20:02

campaigns is gonna be a lot lower than the

20:04

revenue from flows. For example, like your

20:06

ban and checkout, that's when people are furthest

20:08

down the funnel. They've gone through the entire

20:10

step of almost buying and then they just

20:12

left. Maybe they got distracted. Maybe you didn't

20:15

have free shipping. Maybe they're waiting to see

20:17

if you're gonna send an offer. Like the

20:19

revenue per user there and the conversion right

20:21

there is gonna be the highest. Like you

20:23

might convert 5 or 10%

20:25

of the people that receive the email and

20:27

then the revenue per recipient might be dollars

20:30

or multiple dollars or you know tens of dollars.

20:32

Whereas in a campaign that's more of like a

20:34

batch and blast. It's like a product launch. So

20:38

it is a really hard thing to

20:40

say just because there's so many different

20:42

variables but 2000 emails

20:44

depending on your frequency, depending on

20:46

the quality. I don't know

20:48

you might be able to make hundreds of

20:50

dollars potentially to thousands of dollars on

20:53

a given send depending on how expensive

20:55

it is and what you're selling and kind of

20:57

how engaged they are. Like what's the open rate?

20:59

What's the click through? And so all of these

21:02

things kind of factor in. Yep got you awesome.

21:04

So let's move to AI. What

21:07

AI tools are you using right now

21:09

in your business? There's kind of

21:11

four that I primarily use. I think the biggest one

21:13

right the most popular one would be chat gbt. I

21:15

use that the most frequently. Another

21:18

one I'm using is something called too short.ai and

21:20

basically what it does and by the way I

21:22

have no ownership. I've got no vested

21:24

interest in any of these but basically what

21:26

it does is you could take your YouTube videos

21:28

and you can upload them and they all kind

21:30

of slice and dice them almost like a video

21:32

editor. They'll say like hey

21:34

these 30 seconds these 45 seconds this

21:37

minute look interesting. So it's helping me

21:39

take long-form content and turning them into

21:41

short form. So taking long-form YouTube podcasts

21:44

and turning them into Instagram reels or

21:46

TikTok videos or YouTube shorts. It's

21:48

called so that one's called too short.ai. There's a bunch

21:51

of those out there for

21:53

the agency for like calls and whatnot.

21:55

We're either using one called fireflies or

21:57

a Voma and those essentially are taking

22:00

call notes and transcribing kind of the

22:02

dialogue of team calls and client calls

22:05

and they also have things like sentiment like who Did

22:08

all the talking was the sentiment positive wasn't

22:10

negative and it helps you also set reminders

22:12

So we're instead of having our account manager

22:14

that was responsible for Writing and typing

22:16

all the notes before and how to be super present on

22:19

Kind of writing things down and not present in the

22:21

conversation It kind of gives them the time

22:24

back and the AI is not going to be tired or

22:26

miss anything The whole thing gets recorded

22:28

with AI and then the last one would be something

22:30

like a mid-journey To create like images

22:32

and whatnot that are kind of cool and

22:34

unique So those are like the four that

22:36

I frequently use most often Yeah, and when

22:39

it comes to e-commerce businesses, I

22:42

guess, you know, what do you see

22:44

is the biggest challenge to implement AI?

22:47

Yes, so I'm gonna answer this one about

22:49

my own business and then I'll kind of

22:51

answer any questions about kind of e-commerce And

22:53

I think where emails out and where it's

22:55

going. I think the biggest challenge

22:57

for my own agency Which

23:01

is a marketing agency. I think it is a

23:03

couple things I think one is like headcount to

23:05

its current process and three is being so

23:07

we have over a hundred team members right

23:09

now with Varying level of experience. So some

23:11

people are using in their spare time and

23:13

they've got a really good grasp and understanding

23:15

while other people Have never used

23:17

it. They've heard of it, but they've never used it.

23:19

So with that It's just been really

23:21

time consuming and expensive to have like the

23:24

training and resource allocation with everything else We've

23:26

got going on So I think at

23:28

the agency it's something that we're gonna adopt It's just a

23:30

matter of time and I think the other thing

23:32

that we've kind of been going back and forth on is like The

23:35

optics with clients around us using AI

23:37

so like we're a premium agency Which

23:39

are very expensive fees and everything historically

23:41

has been done by hand So

23:44

I think there's kind of some fear from some of

23:46

the partners and kind of some of our leadership on

23:48

How clients would feel if we were using AI for

23:50

summer all the work that said personally

23:52

for me and all my other businesses Whether it's

23:54

like my personal brand or some of the businesses

23:56

that I own that I have one employee three

23:59

employees five employees we're using

24:01

AI pretty religiously because it's way easier for

24:03

me to train them and teach them and

24:05

kind of change the process for one

24:08

or three or five people than it is for us to

24:10

go change the process for 100 plus

24:12

people in different parts of the world with different

24:15

jobs with different seniority with different experience so I

24:17

think like the big challenge is just around like

24:20

process and training and kind of

24:22

just Having everyone have

24:24

like a level playing field if that makes

24:26

sense Yeah, and when you said about like

24:28

some of your other businesses that might not

24:30

have like a bigger headcount How

24:33

are you using it? What does that look

24:35

like? Yes interesting So I think it's kind

24:37

of like a double-edged sword in some regard

24:39

where I think a lot of the reason

24:41

I'm not hiring more People at these smaller

24:43

businesses is because we're using AI with the

24:45

agency when AI kind of has come around

24:47

we already were so Big and

24:49

I don't want to say bloated in the bad way But we had

24:51

so many people that like how do we not

24:54

been that big AI probably would have been rolled out And

24:56

we probably would have been able to do more with less

24:58

and therefore probably not hire nearly as many people So

25:00

in terms of like the the current people right

25:02

now on my team a lot of

25:05

it is around like content creation so taking

25:07

like long-form emails or blog content that

25:10

we've wrote and then Repurposing that

25:12

for short form tweets or for Twitter threads

25:14

or for LinkedIn care ourselves so a lot

25:16

of like how we're using other businesses is

25:18

really around like content

25:21

creation content editing proofreading

25:23

ideation Formatting so I'm taking

25:25

a lot of like content I had and it's been like these

25:27

are all the bullet points These are all the things that

25:30

I think about email Here's five types of emails turn this

25:32

into a table or you know kind of

25:34

just some of the formatting and some of the ideas

25:36

Or hey, will you kind of quickly fact-check this will

25:38

you read this will you give me some thoughts or

25:40

hey? I wrote this version write me three other subject

25:43

lines for it So a lot of like how I'm

25:45

using on the personal brand other brands is like here's

25:47

my ideas. Here's my thoughts Give

25:49

me your feedback You know give me

25:51

kind of some twists on it. Give me some things around

25:53

it other things to abuse it for

25:56

is like big Data sense. It's like here's like

25:58

the analytics of all my posts show

26:00

me and tell me like where the trends

26:02

are when I talk about what topic what

26:04

are people resonating with so for a long

26:06

time a lot of my content specifically with

26:08

e-commerce email marketing and then through AI

26:11

I've learned that when I

26:13

post or less specifically to e-commerce email marketing

26:15

and just generally my marketing they get

26:17

a lot more engagement reach because it reaches a

26:19

broader audience so a lot of like my pivot

26:21

on like my personal brand my other brands in

26:23

terms of like content and kind

26:25

of ideation has just been by

26:27

leveraging data that like I otherwise couldn't understand

26:29

because it's just too big there's just too

26:32

much I don't have a data

26:34

analysis background personally I don't have a data scientist

26:36

on my team so that's how we're using

26:38

it a lot in terms of like being a

26:40

few people creating content across

26:43

dozens of channels every single day yeah

26:45

interesting so I have

26:48

to know when it comes to

26:50

AI and email marketing just

26:53

even in general not even just

26:55

e-commerce but would love to hear

26:57

like how can

27:00

people best use AI to

27:02

automate things like like

27:04

give us like some really good hacks man

27:06

what kind of tactic or something that someone

27:09

could take away which is like boom that's

27:11

crazy yeah I think predictive analytics is

27:16

a really interesting analysis

27:18

is a really interesting one so you know

27:20

what is that essentially it's AI machine learning

27:22

and data science and it's leveraging it to

27:24

make predictions based on the past to help

27:27

influence the future so here's a couple examples

27:29

so with predictive analytics you

27:31

can analyze past behaviors and try to

27:33

understand what each individual person on your

27:36

list is most likely to

27:38

engage with with your emails so allow you

27:40

to pick the right content for the right

27:42

segments like with a lot more degree of

27:44

certainty right right now with marketers

27:46

a lot of times we're kind of guessing that

27:48

we're hoping for the best like with predictive analytics

27:50

it's basically gonna say these 5,000 people

27:53

that have engaged over the last 30 days they engage

27:55

the most with the content on current

27:58

events and these 5,000 people over here,

28:01

they only engage with emails I mentioned offers

28:03

and these 5,000 people over here,

28:05

they only wanted to read the blog post.

28:07

So just like I mentioned before around like

28:10

asking people for their kind of

28:12

preferences, a lot of people just frankly

28:14

aren't going to tell you their preference. They're just not

28:16

going to click, fill out a form and do his

28:19

preferences. So when you use predictive analytics, it's

28:21

basically just analyzing their behavior and

28:24

making that assumption and that answer for them and that's

28:26

how we're going to treat them. So

28:28

if you go back to like the whole like

28:30

Henry Ford thing, right? Like if Henry Ford had

28:33

asked people what they wanted, they would have said,

28:35

if I hear horses, right? Instead of cars, a

28:37

lot of times too, like what people actually do

28:39

within an email and what they actually think they're

28:41

doing, there's kind of some discrepancy. So by looking

28:43

at the data, it's super important. Another

28:45

one could be to like send time. When

28:48

are you sending the email? That's super important

28:50

because with how worldwide and global

28:52

a lot of people's lists are, we might have

28:54

people in the US, but there's

28:56

four different time zones. You have people in

28:59

Europe and Asia and Africa, etc. And everyone

29:01

has different time zones. So me sending at

29:03

10 a.m. My time, PST

29:06

isn't the one size can solve for everyone else. Maybe

29:09

we should be sending it at 7 a.m. Everyone's

29:12

local time or maybe we should be sending at 10

29:14

p.m. The role is local time. So while analyzing the

29:16

behavior of each of your subscribers to

29:18

understand when they're opening and they're engaging

29:21

with your email, it's going to

29:23

help you understand when to send it for each person in

29:25

the future. And then a couple other things

29:27

could be around like content

29:29

recommendations. So recommending

29:31

content and products and services based

29:33

off their past behaviors and preferences.

29:36

At scale, it's actually really, really hard. A

29:38

lot of these recommendations that people are giving

29:41

just aren't the right recommendations. They're doing like

29:43

a one size fits all versus making sure

29:45

that the content is super tailored to each

29:48

person. I'm like really excited

29:50

about leveraging the data set

29:52

historically to make your

29:55

best guess born and along with kind

29:57

of future testing to serve people content.

30:00

having content be dynamic and that's

30:02

super relevant. So I think like

30:04

emails moving towards allowing people

30:06

to convert and buy within an email through

30:08

AMP and by leveraging AI to send people

30:10

the right thing. So that's some of the

30:13

stuff that you can leverage right now to

30:16

have these insights to drive more conversions. When you

30:18

do this, you'll notice a big difference

30:20

in your conversions. How do you do that

30:22

though? Like what tools like, yeah, can we

30:24

get into specifics? Yeah, so like for example,

30:27

like Clavio is probably the big one that

30:29

most people know in e-commerce, right? Sendlane is

30:31

another one that people know, you know, Jimmy

30:33

Kim, great guy. Like

30:35

Clavio is investing a lot of money into

30:37

their predictive analytics, right? So if you go

30:39

into Clavio, you could kind of do these

30:41

things directly and natively within the tool. So

30:44

one of the things I mentioned before was

30:46

like understanding people's genders. If you go into

30:48

Clavio, you can do predictive analytics for

30:50

gender. And what they're gonna basically do is they're

30:52

gonna analyze all your people on your list. They're

30:54

gonna look at their names and they're gonna take

30:56

that data and compare it with census data. And

31:00

they're gonna say the name Chase, maybe

31:02

we're not sure if that's a guy or a girl, right? Could

31:04

be either. But the name Paul

31:07

was always a guy, right? And the name

31:09

Veronica was always a female. So they're able

31:11

to take this really big data set of

31:13

like the likelihood that someone is male versus

31:15

female or unknown. And then from there,

31:17

if you're sending an email to men, the top half of

31:19

your email should be propped for men. And then the second

31:21

half should be propped for women. But if you're selling to

31:23

women, it should be the opposite. Women's content should be first,

31:26

men should be second. And just by

31:28

like these small adjustments and edits, we've

31:30

been seeing lifts and click through conversion rate.

31:32

And at scale, I mean, we're emailing 50,000

31:34

people typically on

31:38

the lowest side for our clients upwards to like five

31:40

or 10 million. If we're able

31:42

to lift conversion rates by a couple points, you

31:44

know, in each email, if we

31:46

can go lift it by 10% or 20% over what it was, it's

31:50

pretty significant in terms of revenue we're driving. So tools

31:52

like Cladio, and I think SendLan has it, or they're

31:55

rolling out, a lot of these tools are kind of

31:57

natively building it. And that's kind of like in terms

31:59

of like. the future of e-commerce. In

32:02

terms of people getting access

32:04

to this, I think the technology needs to

32:06

continue to improve. There's some of it today.

32:08

We're actively doing the things that I just

32:10

told you about today. But if

32:12

the tech comes a little bit further and

32:14

it becomes a little bit more universal where

32:16

every single ESP, every email platform has this,

32:19

then it's going to be so easy for this

32:22

to happen. And I think the future

32:24

is like AI is automatically analyzing data,

32:26

it's automatically recommending things. And I actually

32:29

even think too that a lot of

32:31

these ESPs are going to take tools

32:33

out there like CopyAI or JasperAI

32:35

and build them in or integrate them in. And it's

32:37

actually going to write the copy and it's going to

32:39

create the designs for you and it's going to give

32:41

you these different types of things. And then for you

32:43

as the marketer, you might be able to say, hey,

32:46

I want this or I want that. So

32:48

I think that's the future. This tool's set

32:51

getting a little bit more robust. This

32:53

automatically creating things and almost like you have an email

32:55

template where you can kind of create in drag and

32:57

drop modules. I think templates are going to be

32:59

created for us and copies are going to be created for us. And

33:02

it's up to us as the final sayers of this to

33:05

be like, cool, this looks great as is or

33:07

make these changes or combine these two versions. So

33:10

I think that's like where it's at, where it's going. So

33:12

I think it's going to empower people to

33:14

take responsibilities that they otherwise needed to offload.

33:17

Because right now, the process of getting

33:19

this whole thing that we're talking

33:21

about done is really time expensive

33:24

and really expensive. Right now

33:26

as a marketer, you have to come through data, you

33:28

have to share the learnings with the copywriters and the designers,

33:31

you have to then come up with the angle

33:33

you're going to take the copywriter then writes the

33:35

copy, the designer then does the design. And

33:38

then it goes through all these iterations and

33:40

this feedback and the current process right now is

33:42

so inefficient. It's not quick. I think

33:44

AI is going to allow these things to just

33:46

be super quick and in real time and one

33:48

person can have the power of five people. So

33:51

this stuff is a lot of it's possible today and

33:54

part of this end part I think is what's possible in

33:56

the future. So man,

33:58

look, I could talk to you all day about this. stuff

34:00

but we have to work towards wrapping up.

34:02

I've got one last question and that is

34:04

if you could boil it

34:06

down to one tool that could give

34:08

eConf founders a competitive advantage using AI,

34:11

what would it be? How would you

34:14

go about it? Like yeah. Yeah, that's

34:16

a really good question. I'd

34:19

say like the two, right?

34:21

Because there are two different things like that. I'd

34:23

say like chat GPT is insane for editing

34:26

and ideation and copy and first draft. I

34:28

think that paired with

34:30

your ESP, so whether it's Clavio

34:32

or Senlaine, like those compared

34:34

together is really powerful, right?

34:37

Having some of the stuff that can't be done in

34:39

the ESP is done through chat GPT and some of

34:41

the things that can't be done in the other. So

34:44

I think like chat GPT

34:46

plus your ESP, Clavio

34:48

or Senlaine, it's super powerful

34:50

for the data for the

34:52

copy for all these things. I

34:54

think you could be pretty unstoppable with those two.

34:57

Yeah. And then when it comes to chat GPT,

34:59

how do you best train it? And

35:01

I know like you go run soon, but like,

35:03

yeah, how do you best train it, man? Because

35:06

it's not enough just to like type in write this

35:08

email, you know, because people can tell and the copies

35:10

are like good. Yeah, I think one

35:12

like comes with like understanding like how to create

35:14

prompts. And then two is just

35:16

giving feedback. And then they recently rolled out the

35:18

ability to kind of set like universal

35:21

rules. So like, for example,

35:23

before what I would do is I just keep

35:25

the same tab open for my Twitter posts. And

35:27

I have a different tab for LinkedIn. And I

35:29

would be just every day feeding it. These are

35:31

the tweets that I did this week that did

35:33

well. This is what what each one got. So

35:35

I would just feed it the data out feed

35:37

it example. Right. And the other

35:39

cool thing too is somehow chat GPT has known

35:41

who I am, probably gonna ask him saying write

35:43

tweets like you're Chase Diamond. And it's pretty crazy

35:45

to see the feedback. And they'll be like, no

35:48

use emojis. I'm like, no, no, no, I don't

35:50

use emojis, emojis and they'll use hash up like

35:52

no hashtags. So I've kind of just like started

35:54

with, you know, basic to

35:56

decent prompts, and then just given a

35:58

lot of feedback over time and then I've sent my kind

36:00

of global rules for it. So

36:02

that way it learns and it knows and then all I have

36:04

to do now at this point is like, you

36:07

know, next one and it can create me a

36:09

table pulling from my blog or it

36:11

could create me a table pulling from something I

36:13

upload. So it's pretty crazy like once you train

36:15

it enough like it gets pretty good. So

36:18

you would say that majority of the content

36:20

that you're putting out is created by AI.

36:25

Created, edited, updated.

36:28

So I wouldn't say like AI is the end all be

36:30

all of my content but all my content

36:32

touches AI in some form. So a lot of what

36:34

I found that works on social media, this is a

36:36

way for like e-commerce to work. A

36:39

lot of what I found on LinkedIn in particular, dude over the

36:41

last 12 months I've had 110 million

36:43

impressions of my content on LinkedIn all organic

36:45

and what I've basically done is I've gone

36:47

to sources like my Twitter, I've taken my

36:49

top post on Twitter and I say hey,

36:52

I did these to be more on brand

36:54

for LinkedIn, right? So like I'll

36:56

basically take my short form content and make

36:58

it longer form for LinkedIn and then I'll

37:00

take my content that performs that's really unique

37:02

on LinkedIn and I'll shorten it for Twitter.

37:05

So my content kind of goes through different

37:07

phases. I'm taking popular stuff I've written in

37:09

the past and I'm using AI to refresh

37:12

or update or edit it and

37:14

then it's just so easy for me to create tons of

37:16

content like right now cross

37:19

my own channels like I have one or

37:21

two profiles on every social network there is

37:23

and on LinkedIn right now I run a

37:25

network of about a dozen pages that have

37:27

about half a million followers and we're

37:30

creating content every single day from there within minutes

37:32

from AI. So I'd say AI is

37:34

a big part of it, it's not

37:37

the only part. Yeah, awesome man. Well

37:39

dude, thank you so much for just

37:41

sharing all of your experiences, wisdom, lessons

37:43

learned across e-commerce, email marketing and AI.

37:46

Thank you so much, this is incredibly helpful for people.

37:48

Yeah dude, thanks for having me, this was awesome. Hey

37:53

guys, I hope you enjoyed this interview.

37:56

As you might already know, our mission at Founder

37:58

is to help you out. help tens of

38:00

millions of people every single week

38:03

with our content either start or

38:05

grow their business. Which

38:07

is exactly why we are

38:09

partnering with world class founders

38:11

such as Damon John, Alexa

38:13

Von Tobel, Greta Van Riel

38:15

and so many more to

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38:21

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38:24

you would like to get

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access to these free exclusive

38:28

trainings please go to founder.com/free.

38:31

These are 100% we go super

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in depth on teaching a particular

38:36

topic and I know that you

38:38

are going to love them if

38:40

you enjoy this podcast. So just

38:42

go to founder.com/free. Alright guys

38:45

I will see you in the next episode.

Rate

From The Podcast

The Foundr Podcast with Nathan Chan

Hear the stories, learn the proven methods, and accelerate your growth and future through entrepreneurship. Welcome to The Foundr Podcast with Nathan Chan. About the show: For over a decade, The Foundr Podcast with Nathan Chan has been a leading entrepreneurship podcast for open-book conversations with, by, and for founders. Whether you're starting, building, or dreaming about your business, The Foundr Podcast is where you can access experienced founders who've been in your shoes to learn their proven methods, lessons from failure, and inspirational stories. Past guests include Emma Grede, Mark Cuban, Neil Patel, Kendra Scott, Alex Hormozi, Trinny Woodall, Tim Ferriss, Sophia Amoruso, Simon Sinek, Tony Robbins, Amy Porterfield, Ed Mylett, Michelle Zatlyn, Reid Hoffman, Scooter Braun, Dany Garcia, Marc Lore, Ariana Huffington, Pat Flynn, Lewis Howes, Jordan Harbinger, and many more. About the host: Nathan Chan is the CEO of Foundr and the creator of The Foundr Podcast. Chan literally started from knowing nothing. He was just an average guy working in a 9-5 job he utterly hated. He knew nothing about entrepreneurship, nothing about startups, nothing about marketing, and nothing about online or how to build a business. In the past decade, Chan's built Foundr into a global leader in entrepreneurial education, helping tens of thousands of aspiring entrepreneurs start and scale their businesses. Need help with your business? Visit foundr.com/foundrplustrial to join a global community of entrepreneurs, gain access to proven strategies, and fast-track your business growth confidently.

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