International Research Journal of Modernization in Engineering Technology and Science
( Peer-Reviewed, Open Access, Fully Refereed International Journal ) Volume:04/Issue:06/June-2022 Impact Factor- 6.752 www.irjmets.com OPTIMIZING EMAIL MARKETING USING MACHINE LEARNING Y. Satyam*1, J. Raviteja*2, D. Rithik Rao*3, R. Akhil*4 *1,2,3,4Affiliated To JNTUH, Dept. Of IT, CMR Technical Campus, Hyderabad, Telangana, India. ABSTRACT Email marketing is broadcasting commercial messages to a group of people using email. Currently, email marketing is consistently delivering relatively high return on investment (ROI) in a marketing field. However, collecting subscriber information and sending the email only to interested consumers is a major research issue in email marketing. This paper introduces a conceptual model for an effective email marketing system clustering and segmenting subscribers based on their activity throughout a marketing campaign. The model consists of two main components: Collecting subscriber activity data and Clustering and Segmenting subscribers. We performed a marketing experiment based on our model and analyzed subscriber activity data. Using our model, the overall performance of subscriber activity was improved after sending out email campaigns to segmented groups of subscribers based on their individual interest. Keywords: Email Marketing, Return On Investment, Clustering, Segmenting, Email Campaign. I. INTRODUCTION Machine Learning and Artificial Intelligence are not completely new to email. They have been around at least since the late 90’s. The first major adoption was a Naive Bayesian filter based on the 2002 paper “A plan for spam”3 by Paul Graham. Spam3 filter evolution continued with advanced algorithms like neural networks, support vector machines, relevance vector machines, etc. The marketing side of email industry was relatively slow to embrace machine learning and AI. Even today, a lot of companies want to leverage the hype of AI and ML, but a marketer needs to understand “How is this new technique improving my customer experience and ROI?” If the answer is not conclusive or results are not visibly different, then the solution is just hype with no value addition. Marketers strive to personalize emails in the quest for relevance. This is not new to seasoned marketers who have been using marketing automation platforms to create customer journeys or leveraging segmentation and/or personas. This is good usage of data and tools, but it simply can’t scale beyond a certain point. In our experience, most clients have around 20-25 data segments. For relatively large user bases, too many journeys and segmentation could potentially ruin the user experience and complex rules make it hard to maintain. The genius of ML and AI can save the day AI power, combined with human intellect (IQ), is going to create a hyper-personalized experience to the user which will compel them to remain engaged with the brand. II. LITERATURE SURVEY The widespread impacts of artificial intelligence (AI) and machine learning (ML) in all segments of society have driven researchers to term the present day as the “AI Revolution” (Makridakis, 2017). This AI revolution has sparked multidisciplinary research. In the business world, such processes have been impactful as a significant source of innovation (M.-H. Huang & Rust, 2018). Despite their relevance, for many marketing researchers and practitioners, terms such as artificial intelligence and machine learning may seem akin to terms of a foreign language (Conick, 2017). This paper attempts to change this scenario by discussing the central role that AI and, more specifically, ML can play as a research method in the marketing field. Why should ML be applied to marketing? There are many possible answers to this question rooted both in academic and applied practices of the discipline. For practitioners, for example, ML is disrupting many industries with new business models, products, and services. In academia, the impact appears too equally substantial. For example, the lack of generalization of scientific discoveries is at the center of the so-called “replication crisis,” which has affected many of the life and social sciences, including the fields of management and marketing. This crisis has occurred because researchers have found that many of the most important scientific studies are difficult or impossible to replicate or reproduce (see, for example, Camerer et al., 2018). As this paper will discuss, the fundamental goal of machine learning is to generalize beyond the examples provided by training data, looking for generalizability (Domingos, 2012). Thus, one of the potential contributions of ML to marketing (and to management in general) lies in its robustness for the generation, testing, and generalization of scientific discoveries. With these different academic and practical perspectives in mind, the goal of this paper is to provide marketing with an overview of www.irjmets.com @International Research Journal of Modernization in Engineering, Technology and Science [3354] e-ISSN: 2582-5208 International Research Journal of Modernization in Engineering Technology and Science ( Peer-Reviewed, Open Access, Fully Refereed International Journal ) Volume:04/Issue:06/June-2022 Impact Factor- 6.752 www.irjmets.com ML and to analyze required learning, applications, and future developments involved in applying ML to marketing. III. PROPOSED METHOD Optimizing marketing campaigns is one of the most common data science tasks. Among the many possible marketing tools, one of the most efficient is using emails. Emails are great cause they are free and can be easily personalized. Email optimization involves personalizing the text and/or the subject, who should receive it, when should be sent, etc. Machine Learning excels at this. Email marketing has four major advantages: 1) It can be lower in cost than other types of marketing. 2) Because email takes less time to create and send, marketers can communicate with subscribers more frequently. 3) Marketers can test their email marketing campaign to know what graphics, headlines, offers and even colors subscribers will respond to. 4) Forwarding an email with an enticing or useful offer or piece of information only takes seconds and many users will do it.
Figure 1: Architecture IV. RESULTS
Figure 2: User Activity
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Figure 3: Data Analysis of Email Marketing by country
Figure 4: Data Analysis of Email Marketing by weekday
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Figure 5: Prediction of Email Marketing
V. CONCLUSION This project proposes a efficient and scalable model for effective Email Marketing. Tracking subscriber web interaction data and email activity helped us to get more insight into prospective subscribers. Considering a variety of aspects and narrowing down the huge set of important data into a few clustering factors rendered the segmentation more efficient. VI. FUTURE SCOPE Although this paper discussed some of the most critical applications and advances of ML for marketing, many others were not analyzed due to space limitations. This list includes applications and advances for voice recognition, natural language processing, augmented and virtual reality, and the use of so-called “notebooks” (open-source web applications for sharing codes and texts) that may popularize ML, among many other features VII. REFERENCES [1] Radicati Team, 'The Radicati Group, Inc. Email Market, 2014-2018', Radicati.com, 2014. [Online]. Available: http://www.radicati.com/?p=12482. [2] Benchmarkemail.com, 'What Is Email Marketing? - Benchmark Email', 2014. [Online]. Available: http://www.benchmarkemail.com/resources/email-marketing-articles/what-is-email-marketing. [3] D. Ryan, Understanding digital marketing. [S.l.]: Kogan Page, 2014. [4] Marketingsherpa.com, 'New Survey Data: Email's ROI Makes Tactic Key for Marketers in 2009' .Available: http://www.marketingsherpa.com/article/emails-roi-makes-tactic-key. [5] Emailmarketing.comm100.com, 'The Top10 Benefits of Email Marketing', 2014.[Online]. Available:http://emailmarketing.comm100.com/email-marketing-ebook/email-marketing- benefits.aspx. [6] S. Jenkins, The truth about email marketing. Upper Saddle River, N.J.: FT Press, 2009. [7] GetResponse, 'Email Marketing Secrets Guide', 2008. [Online]. Available: http://www.getresponse.com/documents/core/white-papers/Email_Marketing_Secrets_Guide.pdf
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