7 Key Email Marketing Metrics to Track

published on 19 October 2024

Want to boost your email marketing game? Here are the 7 essential metrics you need to watch:

  1. Open Rate
  2. Click-Through Rate (CTR)
  3. Conversion Rate
  4. Bounce Rate
  5. List Growth Rate
  6. Revenue Per Email (RPE)
  7. Unsubscribe Rate

Why track these? Simple:

  • See how people interact with your emails
  • Find your money-making campaigns
  • Improve your strategies

Here's a quick look at what's good:

Metric Good Range
Open Rate 15-25%
CTR 2-5%
Conversion Rate 2-5%
Bounce Rate Under 2%
List Growth Rate 1-3% monthly
RPE Varies (higher is better)
Unsubscribe Rate 0-0.5%

Remember: Don't just look at these numbers alone. They work together to give you the full picture of your email marketing success.

By keeping an eye on these metrics, you'll know exactly what's working, what's not, and how to make your emails even better.

Why Data Matters in Email Marketing

Email marketing without data? It's like shooting arrows blindfolded. You might hit the target sometimes, but mostly you're just guessing.

Here's why data is crucial for email marketing success:

1. It shows what works (and what doesn't)

Track key metrics and you'll quickly see which emails are winners:

  • Open rates: Are your subject lines catchy?
  • Click-through rates: Is your content engaging?
  • Conversion rates: Are you actually making sales?

2. It boosts your bottom line

Remember that $36 for every $1 spent ROI? That's not luck. It's data-driven email strategies at work.

3. It saves time and money

Use data to focus on what works. No more wasted campaigns or budgets. Just faster improvements.

4. It enables personalization

Data lets you tailor messages to specific audience segments. And customers LOVE that. In fact, 62% of consumers said they'd drop a brand after just one generic experience.

5. It keeps you ahead of the game

Analyze your data regularly and you'll spot trends early. That means you're always one step ahead of competitors.

Real-world example: Twilio Segment sends personalized emails to new users within an hour of signup. They encourage quick setup of a data Source and Destination. By measuring CTA clicks, they can fine-tune this onboarding email for maximum impact.

Another case: Veo (sports camera maker) used data to identify customers ready for another purchase. They sent targeted emails inviting these customers to buy more cameras, boosting upsells.

The takeaway? Data transforms your email marketing from guesswork into a precise strategy. It's the difference between hoping for results and knowing how to get them.

Open Rate

Open rate shows how many people open your emails. It's a quick way to see if your subject lines are working.

Here's the math:

Open Rate = (Opened Emails / Delivered Emails) x 100

Why care? Open rates tell you:

  • If your subject lines grab attention
  • If people recognize your sender name
  • How good your email list is
  • When to send emails

What's good? Aim for 15-25%. The average is 21.33% (Mailchimp, 2022).

Some industries do better:

Industry Average Open Rate
Legal 22%
Business and Finance 21.56%
Professional Services 21.94%

Want higher open rates? Try these:

  1. Write better subject lines: 47% of people open based on this alone. Keep it short and interesting.
  2. Use a real name: 42% check the sender first. Try a person's name, not just your company.
  3. Split your list: Send specific content to different groups. One company hit 80% open rates this way.
  4. Find the right time: Test when your audience opens most.
  5. Clean up your list: Remove inactive subscribers.

Real examples: DigitalMarketer.com tripled opens by improving subject lines. Mayo Clinic won back inactive subscribers with "We miss you! Enjoy this complimentary special report."

2. Click-Through Rate (CTR)

CTR tells you how many people clicked your email links. It's a big deal for measuring engagement.

Here's the math:

CTR = (Clicks / Delivered Emails) x 100

So, 50 clicks from 1,000 emails? That's a 5% CTR.

The average CTR is 2.62%, but it's not the same for everyone:

Industry Average CTR
Government 4.10%
Education 3.00%
Real Estate 3.60%
Retail 2.10%

Want to pump up your CTR?

  • Make your CTAs pop
  • Target different groups with specific content
  • Design for mobile (because that's where most people are)
  • Test, test, test: layouts, CTAs, send times - mix it up!

3. Conversion Rate

Conversion rate shows how many people actually do what you want after opening your email. It could be buying something, joining a webinar, or grabbing a free download.

Here's how you figure it out:

Conversion Rate = (Number of Conversions / Number of Delivered Emails) x 100

Let's say 100 people out of 1,000 buy something. That's a 10% conversion rate.

Most businesses shoot for 2-5%, but the real rockstars hit 10% or more.

Want to pump up your numbers? Try these:

1. Slice and dice your list

Group your subscribers. Send emails that match what they're into.

2. Nail your subject lines

Keep 'em short and sweet. Make people want to click.

3. Think small screens

Over half of emails get opened on phones. Make sure yours look good there.

4. Make your CTA pop

Your "Buy Now" or "Sign Up" button should be impossible to miss.

5. Match your landing pages

When someone clicks through, the page should feel like a natural next step.

Check out how these tweaks can boost your results:

What You Do What It Can Do
Add personal touches Open rates jump up to 41.8%
Split your list Email money goes up 760%
Make it mobile-friendly Matters for 55%+ of opens
Test different versions Find your email all-stars

4. Bounce Rate

Think of bounce rate as your email's return-to-sender rate. It's the percentage of emails that didn't reach their destination.

Here's the simple math:

Bounce Rate = (Number of Bounced Emails / Number of Sent Emails) x 100

There are two types of bounces:

  1. Soft Bounces: Temporary issues like full inboxes or sleepy servers.
  2. Hard Bounces: Permanent fails - the email address is a goner.

Why care? A high bounce rate can make you look spammy to email providers.

Here's what to aim for:

Bounce Rate Status
Under 2% Great
2% - 5% Watch out
Over 5% Problem

To keep your bounce rate low:

  1. Clean your list regularly
  2. Use double opt-in
  3. Send emails consistently
  4. Avoid huge attachments
  5. Skip the spammy words

"High bounce rates can hurt your sender reputation. Keep an eye on consistently bouncing addresses and update your list." - Natalie Sullivan, former retention marketing manager at Avex Designs

Bottom line: A low bounce rate means your emails are landing where they should. It's like making sure your message in a bottle actually reaches its destination.

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5. List Growth Rate

Your email list is like a garden. It needs care to grow. List Growth Rate shows how fast your email garden is blooming (or wilting).

Here's the math:

List Growth Rate = ((New Subscribers - Unsubscribes) / Total Subscribers at Start) x 100

Example: You start with 1,000 subscribers, gain 100 new ones, and lose 20.

((100 - 20) / 1,000) x 100 = 8%

Mature lists typically grow 1-3% per month. Below 0.5%? Time to step up.

Why it matters:

  • More potential customers
  • Better message reach
  • Higher sales chance

To boost your rate:

  1. Make sign-ups easy
  2. Offer a freebie (like an ebook)
  3. Use pop-ups smartly
  4. Share on social media
  5. Keep content fresh

"Our Spin-to-Win sign-up unit increased new subscriber conversion by 60%." - Mark Stallings, Co-Founder, Casely

Quality beats quantity. A small, engaged list trumps a huge, uninterested one.

Pro tip: Track monthly. If it dips, try new tactics. If it soars, double down on what works.

Action List Growth Impact
Discount offer 43% conversion
Giveaway 11% conversion
Free shipping 1% conversion

Bottom line: A healthy List Growth Rate means your email marketing is on track. Keep nurturing those subscribers!

6. Revenue Per Email (RPE)

RPE shows how much money each email in your campaign brings in. It's dead simple:

RPE = Total Revenue from Email Campaign / Number of Emails Sent

Example: 10,000 emails sent, $5,000 made. RPE? $0.50.

Why care about RPE?

  • Spots money-making campaigns
  • Focuses your efforts
  • Shapes your email strategy

Boost your RPE:

  1. Segment your list: Target specific groups
  2. Personalize content: Use customer data
  3. Test everything: Find what works
  4. Add urgency: Drive quick sales

Check out how these tactics boosted one store's RPE:

Tactic RPE Increase
Segmentation 25%
Personalization 30%
A/B Testing 15%
Urgency 20%

But don't get tunnel vision. High RPE isn't everything. Keep an eye on open rates and click-throughs too.

"Our RPE jumped from $0.32 to $0.58 with advanced segmentation and personalization. Right message, right person, right time." - Sarah Chen, Email Marketing Manager at BlueCart

Pro Tip: Check RPE monthly. Dipping? Tweak your approach. Soaring? Double down.

RPE is your email campaign's money scorecard. Use it to pump up your profits.

7. Unsubscribe Rate

The unsubscribe rate tells you how many people bail on your email list after a campaign. It's a big deal because it shows if your emails are hitting the mark or missing by a mile.

Here's how you crunch the numbers:

Unsubscribe Rate = (Number of Unsubscribes / Number of Emails Delivered) x 100

Let's say you blast out 10,000 emails and 50 folks jump ship. That's a 0.5% unsubscribe rate.

So, what's good? Here's the lowdown:

Rate What it Means
0-0.2% You're killing it
0.2-0.5% Solid performance
0.5-1% Middle of the pack
>1% Time to step up your game

But hold up - it's not one-size-fits-all. Brevo's 2023 report shows a global average of 0.15%, but it varies:

Region Average Unsubscribe Rate
US/Canada 0.19%
Europe 0.24%
India 0.13%
South America 0.09%
Middle East 0.19%

Why should you care? High unsubscribe rates can tank your sender rep, signal weak content, and shrink your potential customer base.

Want to keep those unsubscribes low? Try this:

  1. Slice and dice your list for targeted content
  2. Don't flood inboxes - find the sweet spot for frequency
  3. Deliver the goods - make sure your content's worth opening
  4. Go mobile-friendly - half of all emails are opened on phones

"69% of consumers hit unsubscribe because of email overload, 56% due to irrelevant content, and 51% when content falls flat." - Constant Contact study

Keep an eye on those unsubscribes. They're like a canary in the coal mine for your email marketing.

Combining Metrics for Better Analysis

Looking at email metrics in isolation? You're missing half the puzzle. Let's see how these metrics work together:

1. Open Rate + Click-Through Rate (CTR)

High opens but low clicks? Your subject lines rock, but your content's falling flat.

Metric Rate Meaning
Open Rate 30% Great subject lines
CTR 2% Content needs work

2. CTR + Conversion Rate

This combo shows if your emails drive action. For an e-commerce store:

Metric Rate Result
CTR 5% 500 clicks (10,000 emails)
Conversion Rate 2% 10 purchases

3. Bounce Rate + List Growth Rate

Gauge list health. High bounces hurt sender rep, while growth keeps your audience fresh.

4. Revenue Per Email (RPE) + Unsubscribe Rate

Balance profit against audience retention. High RPE is great, unless it's burning through your list.

5. Open Rate + Bounce Rate

Low opens but high bounces? Your emails might be hitting spam folders. Time to fix deliverability.

These metrics are part of a bigger picture. By connecting them, you'll spot trends, identify issues, and make smarter campaign decisions.

"There is a funnel to the conversion and ideally every step of the funnel should be measured – all the way throughout the customer journey." - Kath Pay, Email Marketing Expert

Don't just track metrics - connect the dots. That's where email marketing magic happens.

Conclusion

Email marketing metrics are your secret weapon. They're not just numbers—they're insights that can supercharge your campaigns.

Why do these metrics matter? Simple:

  1. They show what's working (and what's not)
  2. They help you get to know your audience
  3. They let you make smart, data-driven choices

Check out these real-world wins:

Company Metric Focus Result
Turnstyle Cycle Conversion Rate $20,000 from one email
Robert Paul Properties Click-Through Rate More website visits and clients
Southern Underdeck Systems Conversion Rate & Total Sales 27 jobs and $67,000 from one campaign

Pretty impressive, right? But here's the thing: it's not just about individual metrics. It's how they work together that really counts.

Think about it:

  • High opens but low clicks? Great subject lines, but your content needs work.
  • Making money but losing subscribers? You might be pushing sales too hard.

The trick is to use these metrics to keep improving. Test stuff out. Split your list. Make your emails personal. Let the data guide you.

"The Product Hunt launch exceeded our wildest expectations and kickstarted our growth in ways we hadn't anticipated." - Akshay Kothari, CPO of Notion

While this isn't about email marketing, it shows how tracking the right metrics can fuel serious growth. The same principle applies to your email campaigns.

So, start tracking. Start testing. And watch your email marketing take off.

FAQs

Which of the following is an important metric to track email marketing?

Email Click Rate. It's a big deal because it:

  • Shows real engagement (not just opens)
  • Tells you what content clicks with your audience
  • Lets you compare different emails

Pro tip: Keep an eye on click rates for ALL emails, but really zero in on your big campaigns.

What is email attribution?

It's how you connect the dots between your emails and actual sales. Email attribution:

  • Reveals which emails lead to conversions
  • Highlights your most effective channels
  • Helps calculate the true ROI of your email efforts

With this info, you can make smarter decisions about where to put your time and money.

What is the ROI in email marketing?

It's all about the bottom line. ROI shows how much you're making vs. spending on email campaigns.

The basic formula:

ROI = (Revenue from email - Cost of email campaign) / Cost of email campaign

Why it matters:

  • Proves if your email marketing is profitable
  • Justifies your email budget
  • Compares email to other marketing channels

Fun fact: Email often outperforms other digital channels. Some studies show a $38 return for every $1 spent!

What is the most important metric for email marketing?

Many pros say it's overall ROI. Here's why:

  • Shows the real impact of your email efforts
  • Combines other metrics (like opens and clicks)
  • Helps you prove email's value to the higher-ups

But don't ignore these heavy hitters:

  • Conversion rate: How many people take your desired action
  • List growth rate: Is your audience growing or shrinking?

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