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4 Pillars of Paid Media Growth

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Paid media is straightforward. “Growth,” however, is very dependent upon the role you play in paid media, so let’s start by defining who these four pillars are intended for and what I mean by “growth.” 

My paid media experience is 100% agency-based. Naturally, my experience shapes my viewpoint and definition of growth. From the agency perspective, growth equals managing more marketing budget. It’s no secret, the easiest way to acquire more marketing budget is to produce incremental revenue for your client so your client puts more money towards marketing efforts. It’s a simple cycle, but there are a lot of factors that go into achieving better results. Companies don’t hire agencies to maintain the revenue/ROI they already have; they invest more money into marketing resources, like an agency, to produce more leads, purchases, market share, etc. My point? It’s essential for digital marketers to understand what key factors YOU can control

I also recognize PPC Hero readers include marketers who manage an agency relationship or in-house marketers who are part of an internal marketing team. If you fall into either of those categories, why keep reading? Well, if you have any level of paid media responsibility, especially if you present digital marketing results to a stakeholder, the following points will apply to you too. 

Pillar #1: Product Knowledge

Many believe mastering top platforms (Google Ads, Facebook, LinkedIn, etc.) is the most important component of managing paid media, but it doesn’t matter how much platform expertise you have if you don’t first master the product/service you are attempting to market. I also think this is one of the biggest gaps agencies have when it comes to managing paid media. This is why the relationship with the client is so important and why “client obsessions” was part of my PPC training (#2 and #4 will cover this in more depth). 

In-house marketer, if your agency doesn’t understand your product, how can they advise budget allocation, funnel approach, target audiences, which platforms to run on, etc.? I’m not suggesting the outside entity (agency) needs to know just as much as the client contact, but you do need to understand the product if you are going to provide quality recommendations. 

I’ll give you an example. I work with a website security firm. This is a very complex industry; one that both myself and even my main client contact are often perplexed by. However, we both understand the basic differences between the products, thus allowing us to craft a strategy and execute campaigns that produce tangible results. Working together with their team to understand their product has given me the opportunity to ask for budget increases when it makes sense for their business. I share this brief example because I’m not an “expert” in their products, but I know enough to do my job. I also know when I need to leverage other people in their organization to translate paid media results to what they see on their backend. 

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Pillar #2: Stakeholder Trust

Whether the stakeholder is your boss, a client contact, or the CMO, earning trust is paramount to paid media growth. 

6 key ways to earn trust:

Go above and beyond

Scenario: your client asks you to pull numbers for a presentation they have to deliver to the CMO. Don’t just pull the numbers. Format the numbers in a slide and call out key insights. You can’t do this every time, but pick key opportunities to deliver greater value than what may have been expected of you and you will instantly become a go-to person for your client.

Teach your stakeholders

Teaching has to be curated for each individual, but if you can grow your stakeholder’s marketing knowledge, they will see a new side of value to your relationship and see as more than someone who manages their paid media. 

Stand by your recommendations when you receive pushback 

When I first started managing my own accounts, lacking confidence was perhaps my biggest weakness. Lacking confidence doesn’t look good in any area of life, so stick to your recommendations and explain your reasoning. This will earn you more respect and trust.

Own up to your mistakes AND provide solutions 

Mistakes happen. I’ve overspent budgets, forgotten to pause promo ads, made ad copy typos, etc. However, have integrity and own up to the mistake, even if the client will never find out. If you handle the situation with poise and confidence, you will earn trust, not lose it. I also can’t stress how important it is to communicate the mistake along with the solution(s). If there are financial implications, do whatever it takes to make it right for the sake of integrity and a long-term relationship. 

Personal connections

Personal connections can really speed up the process of earning trust. Find something in common and lead your meetings in a way that aligns with your stakeholder’s personality. You don’t have to become BFFs, but you do want to show your client you are human and don’t see your relationship purely as a way to make more money.

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Face to face meetings [bonus]

Yes, this is 2020 and I’m well aware COVID-19 has made face to face virtually [im]possible (see what I did there), but don’t underestimate the impact face to face interactions have on a business relationship, especially when you are attempting to scale paid media budgets. Do a quick Google search and you will find plenty of evidence. According to greatbusinessschools.org, “84% of people still say they prefer in-person meetings.” Because this research was conducted pre-global pandemic, I will be fascinated to see how the lack of in-person meetings in 2020 effects business relationships moving forward. 

Pillar #3: Strategy & Platform Adaptability  

You don’t have to be an expert in every technical area of every digital advertising platform, but you need to know how to employ each platform (search, social, programmatic) to achieve your marketing goals. You also need to be able to adapt when priorities shift and your current platforms aren’t achieving your goals. This pillar is truly a separate article so let me leave you with a two questions to ask yourself:

  • Where are the gaps in my strategy? Look at your funnel – do you have high ROAS but 1% net new customers year over year? Look at your competitors – are they successfully bidding on your branded keywords while you have no counterpunch? It’s imperative that your strategic approach is changing as new business needs arise or KPIs flatline. This leads us to the next question to ask yourself.
  • When was the last time I tested something new? If you or your client have only run search ads for 10 years, why haven’t display, social, video been tested? If you have run display via GDN for years without any return or minimal brand awareness results, test out native or YouTube ads. If you continually hear, “Andrew, I would love to test, but I get pushback every time I propose a test,” you need to have an honest conversation with your client/internal team to understand why there is resistance. It might be the case that you aren’t explaining the reasoning for the test or providing a framework for expected results.  

If you are just getting started in the industry, PPC Hero has thousands of resources for you to develop your skills. 

Pillar #4: Communication 

What you communicate is clearly important, but how you deliver the information is arguably just as important. I’ve already covered this to some degree, but let’s expand into a few specifics:

  • Deliver insights, not numbers. It’s very easy to get caught up in different KPIs, especially if your stakeholders are adept in paid media. Rather than listing out week over week or month over month performance, callout what your client needs to know and why CPA increased by 50%. 
  • Learn how to spot wins and opportunities for growth. This comes with experience, but when you get the opportunity to pitch growth, there is one practical step I’ve found to be a game changer — projections. 

It’s not difficult to pitch budget expansion and with platform tools available today, it’s also not difficult to project primary KPIs (impressions, clicks, conversions, CPA). Rather than telling your client we should increase search budget by x% and social budget by y%, use platform tools, historical data or industry benchmarks to project what impact the budget increase will have. This will also make it much easier to speak to your rationale. If your client has the budget to spend, it’s almost guaranteed they will say yes. If their marketing budget is strapped, that’s out of your control. 

  • Don’t shy away from communicating poor performance. As marketers, we can’t promise results, we can only put forth the best strategies and tactics. If your client is coming to you questioning why a campaign x performance has declined the last three months and you haven’t brought it up once, you’ve put yourself in a much more difficult spot. In other words, be proactive and focus on what has the highest impact on your account(s).   
  • Learn how to spot outside factors influencing performance you aren’t responsible for. I learned early on that managing paid media is often like being a politician — oftentimes, we get too much blame when things are going wrong and too much credit when performance is declining. So learn how to spot tracking discrepancies, poor landing pages, pricing changes, etc. and then communicate those issues and use the resources at your disposal to help resolve any issues. 

I don’t think anything I penned is revolutionary, and this list is by no means exhaustive, but I firmly believe if you can master these four pillars, which are mostly within your control, growth will follow. 

PPChero.com

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Streamlining Processes for Increased Efficiency and Results

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Streamlining Processes for Increased Efficiency and Results

How can businesses succeed nowadays when technology rules?  With competition getting tougher and customers changing their preferences often, it’s a challenge. But using marketing automation can help make things easier and get better results. And in the future, it’s going to be even more important for all kinds of businesses.

So, let’s discuss how businesses can leverage marketing automation to stay ahead and thrive.

Benefits of automation marketing automation to boost your efforts

First, let’s explore the benefits of marketing automation to supercharge your efforts:

 Marketing automation simplifies repetitive tasks, saving time and effort.

With automated workflows, processes become more efficient, leading to better productivity. For instance, automation not only streamlines tasks like email campaigns but also optimizes website speed, ensuring a seamless user experience. A faster website not only enhances customer satisfaction but also positively impacts search engine rankings, driving more organic traffic and ultimately boosting conversions.

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Automation allows for precise targeting, reaching the right audience with personalized messages.

With automated workflows, processes become more efficient, leading to better productivity. A great example of automated workflow is Pipedrive & WhatsApp Integration in which an automated welcome message pops up on their WhatsApp

within seconds once a potential customer expresses interest in your business.

Increases ROI

By optimizing campaigns and reducing manual labor, automation can significantly improve return on investment.

Leveraging automation enables businesses to scale their marketing efforts effectively, driving growth and success. Additionally, incorporating lead scoring into automated marketing processes can streamline the identification of high-potential prospects, further optimizing resource allocation and maximizing conversion rates.

Harnessing the power of marketing automation can revolutionize your marketing strategy, leading to increased efficiency, higher returns, and sustainable growth in today’s competitive market. So, why wait? Start automating your marketing efforts today and propel your business to new heights, moreover if you have just learned ways on how to create an online business

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How marketing automation can simplify operations and increase efficiency

Understanding the Change

Marketing automation has evolved significantly over time, from basic email marketing campaigns to sophisticated platforms that can manage entire marketing strategies. This progress has been fueled by advances in technology, particularly artificial intelligence (AI) and machine learning, making automation smarter and more adaptable.

One of the main reasons for this shift is the vast amount of data available to marketers today. From understanding customer demographics to analyzing behavior, the sheer volume of data is staggering. Marketing automation platforms use this data to create highly personalized and targeted campaigns, allowing businesses to connect with their audience on a deeper level.

The Emergence of AI-Powered Automation

In the future, AI-powered automation will play an even bigger role in marketing strategies. AI algorithms can analyze huge amounts of data in real-time, helping marketers identify trends, predict consumer behavior, and optimize campaigns as they go. This agility and responsiveness are crucial in today’s fast-moving digital world, where opportunities come and go in the blink of an eye. For example, we’re witnessing the rise of AI-based tools from AI website builders, to AI logo generators and even more, showing that we’re competing with time and efficiency.

Combining AI-powered automation with WordPress management services streamlines marketing efforts, enabling quick adaptation to changing trends and efficient management of online presence.

Moreover, AI can take care of routine tasks like content creation, scheduling, and testing, giving marketers more time to focus on strategic activities. By automating these repetitive tasks, businesses can work more efficiently, leading to better outcomes. AI can create social media ads tailored to specific demographics and preferences, ensuring that the content resonates with the target audience. With the help of an AI ad maker tool, businesses can efficiently produce high-quality advertisements that drive engagement and conversions across various social media platforms.

Personalization on a Large Scale

Personalization has always been important in marketing, and automation is making it possible on a larger scale. By using AI and machine learning, marketers can create tailored experiences for each customer based on their preferences, behaviors, and past interactions with the brand.  

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This level of personalization not only boosts customer satisfaction but also increases engagement and loyalty. When consumers feel understood and valued, they are more likely to become loyal customers and brand advocates. As automation technology continues to evolve, we can expect personalization to become even more advanced, enabling businesses to forge deeper connections with their audience.  As your company has tiny homes for sale California, personalized experiences will ensure each customer finds their perfect fit, fostering lasting connections.

Integration Across Channels

Another trend shaping the future of marketing automation is the integration of multiple channels into a cohesive strategy. Today’s consumers interact with brands across various touchpoints, from social media and email to websites and mobile apps. Marketing automation platforms that can seamlessly integrate these channels and deliver consistent messaging will have a competitive edge. When creating a comparison website it’s important to ensure that the platform effectively aggregates data from diverse sources and presents it in a user-friendly manner, empowering consumers to make informed decisions.

Omni-channel integration not only betters the customer experience but also provides marketers with a comprehensive view of the customer journey. By tracking interactions across channels, businesses can gain valuable insights into how consumers engage with their brand, allowing them to refine their marketing strategies for maximum impact. Lastly, integrating SEO services into omni-channel strategies boosts visibility and helps businesses better understand and engage with their customers across different platforms.

The Human Element

While automation offers many benefits, it’s crucial not to overlook the human aspect of marketing. Despite advances in AI and machine learning, there are still elements of marketing that require human creativity, empathy, and strategic thinking.

Successful marketing automation strikes a balance between technology and human expertise. By using automation to handle routine tasks and data analysis, marketers can focus on what they do best – storytelling, building relationships, and driving innovation.

Conclusion

The future of marketing automation looks promising, offering improved efficiency and results for businesses of all sizes.

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As AI continues to advance and consumer expectations change, automation will play an increasingly vital role in keeping businesses competitive.

By embracing automation technologies, marketers can simplify processes, deliver more personalized experiences, and ultimately, achieve their business goals more effectively than ever before.

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Will Google Buy HubSpot? | Content Marketing Institute

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Why Marketers Should Care About Google’s Potential HubSpot Acquisition

Google + HubSpot. Is it a thing?

This week, a flurry of news came down about Google’s consideration of purchasing HubSpot.

The prospect dismayed some. It delighted others.

But is it likely? Is it even possible? What would it mean for marketers? What does the consideration even mean for marketers?

Well, we asked CMI’s chief strategy advisor, Robert Rose, for his take. Watch this video or read on:

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Why Alphabet may want HubSpot

Alphabet, the parent company of Google, apparently is contemplating the acquisition of inbound marketing giant HubSpot.

The potential price could be in the range of $30 billion to $40 billion. That would make Alphabet’s largest acquisition by far. The current deal holding that title happened in 2011 when it acquired Motorola Mobility for more than $12 billion. It later sold it to Lenovo for less than $3 billion.

If the HubSpot deal happens, it would not be in character with what the classic evil villain has been doing for the past 20 years.

At first glance, you might think the deal would make no sense. Why would Google want to spend three times as much as it’s ever spent to get into the inbound marketing — the CRM and marketing automation business?

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At a second glance, it makes a ton of sense.

I don’t know if you’ve noticed, but I and others at CMI spend a lot of time discussing privacy, owned media, and the deprecation of the third-party cookie. I just talked about it two weeks ago. It’s really happening.

All that oxygen being sucked out of the ad tech space presents a compelling case that Alphabet should diversify from third-party data and classic surveillance-based marketing.

Yes, this potential acquisition is about data. HubSpot would give Alphabet the keys to the kingdom of 205,000 business customers — and their customers’ data that almost certainly numbers in the tens of millions. Alphabet would also gain access to the content, marketing, and sales information those customers consumed.

Conversely, the deal would provide an immediate tip of the spear for HubSpot clients to create more targeted programs in the Alphabet ecosystem and upload their data to drive even more personalized experiences on their own properties and connect them to the Google Workspace infrastructure.

When you add in the idea of Gemini, you can start to see how Google might monetize its generative AI tool beyond figuring out how to use it on ads on search results pages.

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What acquisition could mean for HubSpot customers

I may be stretching here but imagine this world. As a Hubspoogle customer, you can access an interface that prioritizes your owned media data (e.g., your website, your e-commerce catalog, blog) when Google’s Gemini answers a question).

Recent reports also say Google may put up a paywall around the new premium features of its artificial intelligence-powered Search Generative Experience. Imagine this as the new gating for marketing. In other words, users can subscribe to Google’s AI for free, but Hubspoogle customers can access that data and use it to create targeted offers.

The acquisition of HubSpot would immediately make Google Workspace a more robust competitor to Microsoft 365 Office for small- and medium-sized businesses as they would receive the ADDED capability of inbound marketing.

But in the world of rented land where Google is the landlord, the government will take notice of the acquisition. But — and it’s a big but, I cannot lie (yes, I just did that). The big but is whether this acquisition dance can happen without going afoul of regulatory issues.

Some analysts say it should be no problem. Others say, “Yeah, it wouldn’t go.” Either way, would anybody touch it in an election year? That’s a whole other story.

What marketers should realize

So, what’s my takeaway?

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It’s a remote chance that Google will jump on this hard, but stranger things have happened. It would be an exciting disruption in the market.

The sure bet is this. The acquisition conversation — as if you needed more data points — says getting good at owned media to attract and build audiences and using that first-party data to provide better communication and collaboration with your customers are a must.

It’s just a matter of time until Google makes a move. They might just be testing the waters now, but they will move here. But no matter what they do, if you have your customer data house in order, you’ll be primed for success.

Want more content marketing tips, insights, and examples? Subscribe to workday or weekly emails from CMI.

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Cover image by Joseph Kalinowski/Content Marketing Institute

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5 Psychological Tactics to Write Better Emails

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5 Psychological Tactics to Write Better Emails

Welcome to Creator Columns, where we bring expert HubSpot Creator voices to the Blogs that inspire and help you grow better.

I’ve tested 100s of psychological tactics on my email subscribers. In this blog, I reveal the five tactics that actually work.

You’ll learn about the email tactic that got one marketer a job at the White House.

You’ll learn how I doubled my 5 star reviews with one email, and why one strange email from Barack Obama broke all records for donations.

→ Download Now: The Beginner's Guide to Email Marketing [Free Ebook]

5 Psychological Tactics to Write Better Emails

Imagine writing an email that’s so effective it lands you a job at the White House.

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Well, that’s what happened to Maya Shankar, a PhD cognitive neuroscientist. In 2014, the Department of Veterans Affairs asked her to help increase signups in their veteran benefit scheme.

Maya had a plan. She was well aware of a cognitive bias that affects us all—the endowment effect. This bias suggests that people value items higher if they own them. So, she changed the subject line in the Veterans’ enrollment email.

Previously it read:

  • Veterans, you’re eligible for the benefit program. Sign up today.

She tweaked one word, changing it to:

  • Veterans, you’ve earned the benefits program. Sign up today.

This tiny tweak had a big impact. The amount of veterans enrolling in the program went up by 9%. And Maya landed a job working at the White House

Boost participation email graphic

Inspired by these psychological tweaks to emails, I started to run my own tests.

Alongside my podcast Nudge, I’ve run 100s of email tests on my 1,000s of newsletter subscribers.

Here are the five best tactics I’ve uncovered.

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1. Show readers what they’re missing.

Nobel prize winning behavioral scientists Daniel Kahneman and Amos Tversky uncovered a principle called loss aversion.

Loss aversion means that losses feel more painful than equivalent gains. In real-world terms, losing $10 feels worse than how gaining $10 feels good. And I wondered if this simple nudge could help increase the number of my podcast listeners.

For my test, I tweaked the subject line of the email announcing an episode. The control read:

“Listen to this one”

In the loss aversion variant it read:

“Don’t miss this one”

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It is very subtle loss aversion. Rather than asking someone to listen, I’m saying they shouldn’t miss out. And it worked. It increased the open rate by 13.3% and the click rate by 12.5%. Plus, it was a small change that cost me nothing at all.

Growth mindset email analytics

2. People follow the crowd.

In general, humans like to follow the masses. When picking a dish, we’ll often opt for the most popular. When choosing a movie to watch, we tend to pick the box office hit. It’s a well-known psychological bias called social proof.

I’ve always wondered if it works for emails. So, I set up an A/B experiment with two subject lines. Both promoted my show, but one contained social proof.

The control read: New Nudge: Why Brands Should Flaunt Their Flaws

The social proof variant read: New Nudge: Why Brands Should Flaunt Their Flaws (100,000 Downloads)

I hoped that by highlighting the episode’s high number of downloads, I’d encourage more people to listen. Fortunately, it worked.

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The open rate went from 22% to 28% for the social proof version, and the click rate, (the number of people actually listening to the episode), doubled.

3. Praise loyal subscribers.

The consistency principle suggests that people are likely to stick to behaviours they’ve previously taken. A retired taxi driver won’t swap his car for a bike. A hairdresser won’t change to a cheap shampoo. We like to stay consistent with our past behaviors.

I decided to test this in an email.

For my test, I attempted to encourage my subscribers to leave a review for my podcast. I sent emails to 400 subscribers who had been following the show for a year.

The control read: “Could you leave a review for Nudge?”

The consistency variant read: “You’ve been following Nudge for 12 months, could you leave a review?”

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My hypothesis was simple. If I remind people that they’ve consistently supported the show they’ll be more likely to leave a review.

It worked.

The open rate on the consistency version of the email was 7% higher.

But more importantly, the click rate, (the number of people who actually left a review), was almost 2x higher for the consistency version. Merely telling people they’d been a fan for a while doubled my reviews.

4. Showcase scarcity.

We prefer scarce resources. Taylor Swift gigs sell out in seconds not just because she’s popular, but because her tickets are hard to come by.

Swifties aren’t the first to experience this. Back in 1975, three researchers proved how powerful scarcity is. For the study, the researchers occupied a cafe. On alternating weeks they’d make one small change in the cafe.

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On some weeks they’d ensure the cookie jar was full.

On other weeks they’d ensure the cookie jar only contained two cookies (never more or less).

In other words, sometimes the cookies looked abundantly available. Sometimes they looked like they were almost out.

This changed behaviour. Customers who saw the two cookie jar bought 43% more cookies than those who saw the full jar.

It sounds too good to be true, so I tested it for myself.

I sent an email to 260 subscribers offering free access to my Science of Marketing course for one day only.

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In the control, the subject line read: “Free access to the Science of Marketing course”

For the scarcity variant it read: “Only Today: Get free access to the Science of Marketing Course | Only one enrol per person.”

130 people received the first email, 130 received the second. And the result was almost as good as the cookie finding. The scarcity version had a 15.1% higher open rate.

Email A/B test results

5. Spark curiosity.

All of the email tips I’ve shared have only been tested on my relatively small audience. So, I thought I’d end with a tip that was tested on the masses.

Back in 2012, Barack Obama and his campaign team sent hundreds of emails to raise funds for his campaign.

Of the $690 million he raised, most came from direct email appeals. But there was one email, according to ABC news, that was far more effective than the rest. And it was an odd one.

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The email that drew in the most cash, had a strange subject line. It simply said “Hey.”

The actual email asked the reader to donate, sharing all the expected reasons, but the subject line was different.

It sparked curiosity, it got people wondering, is Obama saying Hey just to me?

Readers were curious and couldn’t help but open the email. According to ABC it was “the most effective pitch of all.”

Because more people opened, it raised more money than any other email. The bias Obama used here is the curiosity gap. We’re more likely to act on something when our curiosity is piqued.

Email example

Loss aversion, social proof, consistency, scarcity and curiosity—all these nudges have helped me improve my emails. And I reckon they’ll work for you.

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It’s not guaranteed of course. Many might fail. But running some simple a/b tests for your emails is cost free, so why not try it out?

This blog is part of Phill Agnew’s Marketing Cheat Sheet series where he reveals the scientifically proven tips to help you improve your marketing. To learn more, listen to his podcast Nudge, a proud member of the Hubspot Podcast Network.

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