SparkLoop — The Underrated tool to 10x your store revenue on autopilot
According to Statista 2021, the global email marketing market was worth $7.5 billion in 2020 and is expected to grow to $17.9 billion by 2027.
The afro-stated static can tell that email marketing is not dead, and the E-commerce stores that will make the most money by 2022 will be those that leverage on this platform.
However, we all know that selling to humans is difficult, and it becomes even more difficult when you require them to enter their email address into your system. Only that we become emotionally tied to incentives, which are the only bait Fortune 500 companies use to entice thousands of people to join their mailing list.
With that out of the way, let’s go back to how SparkLoop can help your store generate a ton of revenue on autopilot.
One of man’s characteristics is competitiveness, which is why SparkLoop created a reward-based referral system.
Sparkloop is an automatic solution that assigns a unique referral link to each email address on your list, allowing you to quickly track how many people each address has brought to your list.
But how can this help the e-com industry?
It’s a reward-based system, as the name implies, and the idea is to reward the address that has the most referrals.
Consider the following scenario: your store is running a monthly referral competition campaign using Sparkloop in which the person with the most referrals receives a free product worth $X plus free delivery as a reward, which you can repeat for the first and second runner-ups as well.
It is important to note that this campaign will only be effective if the rewards associated with it are irresistible, and you can learn more about this type of product from your previous data.
Assume a brand with 1000 email subscribers opted to conduct this type of campaign for 6 months and only 1% of their list accepted the challenge with the benchmark of 15 referrals to be eligible for any prize…
One can confidently state that the store will continue to receive 50–100 referrals on autopilot for the next six months, totaling 300–600, which is well worth it.
It is more than just generating referrals.
It saves you money on advertising and, more importantly, allows you to sell and resell to them while they are still on your list.
It doesn’t stop there if the store has a strong welcome sequence with 1–3 product recommendations that a chilly audience can purchase.
It’s a different story for stores with 5,000, 10,000, or even 50,000 subscribers, because they’ll continue to generate 500–5000 email subscribers on autopilot.
This cannot be over-emphasized, and if you want to maximize its profit by 2022…
Request Sparkloop demo to watch how it operates.
Okanlawon Khalid.
The Techy Evening.
