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Segmented emails got 2× the clicks; the builder costs US$4.50 to US$20 a month

Mailchimp's segmentation study read against five email tools' pricing pages: which cuts moved clicks, and which plan unlocks them. Checked September 2026.

Illustration: The TechBag Journal

Segmented campaigns got 14.31% more opens and 100.95% more clicks than unsegmented ones sent by the same customers, in the only large study an email vendor has published: Mailchimp’s sample of about 2,000 users, 11,000 segmented campaigns and almost 9 million recipients.1 The segment itself costs nothing extra. What the tools charge for is the contact count and the tier, and the tier at which the advanced builder appears runs from US$4.50 a month on Zoho Campaigns to US$20 on Mailchimp and HubSpot.3 5 7

The 2023 version of this piece listed eight ways to cut a list, from demographics to A/B tests. The buyer’s question is narrower: which cuts moved the numbers when someone measured, and which plan you must be on to make them.

01Which cuts moved the numbers

Mailchimp’s breakdown is the useful part of its study, and it argues against two of the 2023 list’s eight.1 Segments built on interest groups did best on clicks, bounces and unsubscribes: 74.53% more clicks, 17.61% fewer bounces and 25.65% fewer unsubscribes. Merge fields, the demographic cut, added 54.79% clicks. Segmenting by date added looked good on opens, 29.56% more, and was a trap underneath: 55.18% more bounces and 33.76% more unsubscribes, because a sign-up-date segment is really a list of people who have not yet left. Subscriber activity gave the smallest click gain, 15.69%, and more abuse reports.

Read against Mailchimp’s December 2023 benchmarks, an all-industry average of 35.63% opens, 2.62% clicks and 0.22% unsubscribes, the click gain is the one that matters: doubling 2.62% is worth more than nudging an open rate that mail clients now inflate by pre-fetching images.2 Our view is to segment on stated interest first, behaviour second, demographics third, and never on sign-up date alone.

02What the segment costs, plan by plan

Four pricing pages, read in September 2026, put the richest segmentation on a paid tier and none of them on a free one.3 5 6 7 Mailchimp alone documents a builder on its Free plan: up to ten conditions with one and/or operator; the advanced builder, unlimited conditions with nested logic, needs Standard, which starts at US$20 a month for 500 contacts, and predictive segments are “Standard or Premium plans only”.3 4 Zoho Campaigns lists “basic segmentation” on Standard at US$3 a month for 500 contacts and “advanced segmentation” with dynamic content on Professional at US$4.50; its Free plan, 2,000 contacts and 6,000 emails a month, lists neither.5 Brevo puts “advanced segmentation” on Starter at US$9 a month (US$8.08 billed yearly).6 HubSpot Marketing Hub Starter shows US$20 a seat a month for 1,000 marketing contacts and caps you at 50 active segments with criteria “limited to form submission data, contact property information, and marketing email activity”; 1,200 active segments cost US$800 a month on Professional.7

Advanced segmentation unlocks between US$4.50 and US$20 a month at the entry contact tier

Cheapest plan whose page names advanced or unlimited-condition segmentation, USD list per month, annual billing, September 2026

Zoho Campaigns Professional INR billing with GST invoiceUS$4.5
Brevo Starter US$8.08 billed yearlyUS$9
Pipedrive Campaigns add-on flat, per companyUS$13.3
Mailchimp Standard 500 contactsUS$20
HubSpot Marketing Hub Starter per seat, monthly commitmentUS$20
Table view
Value (US$)
Zoho Campaigns Professional4.5
Brevo Starter9
Pipedrive Campaigns add-on13.3
Mailchimp Standard20
HubSpot Marketing Hub Starter20

Source: Zoho Campaigns, Brevo, Mailchimp and HubSpot pricing pages; Pipedrive Campaigns from TechBag's intel page · as of 30 September 2026 · contact tiers differ: 500 for Zoho, Brevo and Mailchimp; 1,000 for HubSpot (per seat, 50 active segments); Pipedrive is a flat per-company add-on on live CRM fields

03Buying and sending in India

Zoho Campaigns is the one of the five that invoices in INR with GST, which is why the TechBag Pipedrive Campaigns page tells an Indian buyer to weigh it against any USD-billed tool: a direct foreign-card purchase means 18% IGST under reverse charge and the FIRA and FEMA paperwork that comes with it.8 Mailchimp’s page for Indian visitors prices Free at ₹0 for 250 contacts and 500 sends a month, and Essentials at ₹845 and Standard at ₹1,265 a month for the first twelve months as a half-price offer; the ongoing rupee price is not printed.3 On the sending side, the regulation that bites is the Digital Personal Data Protection Act, 2023: consent must be free, specific, informed, unconditional and unambiguous, and withdrawing it must be as easy as giving it, which makes every behavioural segment a stated purpose in your notice and the unsubscribe link a legal mechanism rather than a courtesy. The DPDP Rules were notified on 13 November 2025, with the consent and security duties applying from 13 May 2027.10

Sources

  1. Mailchimp, Effects of List Segmentation on Email Marketing Stats (about 2,000 users, 11,000 segmented campaigns, almost 9 million recipients) — updated 1 February 2017
  2. Mailchimp, Email Marketing Benchmarks by industry (all-user averages 35.63% open, 2.62% click, 0.22% unsubscribe) — data last updated December 2023
  3. Mailchimp, Marketing pricing page (Free 250 contacts; Essentials from US$13 and Standard from US$20 for 500 contacts; rupee introductory prices shown to Indian visitors; predictive segments Standard or Premium only) — undated page
  4. Mailchimp Help, Getting Started with Segments (ten conditions and one and/or operator on Free and Essentials; unlimited nested conditions on Standard and Premium) — undated page
  5. Zoho Campaigns pricing (Forever Free 2,000 contacts; Standard US$3 and Professional US$4.50 a month at 500 contacts, billed annually; local taxes extra) — undated page
  6. Brevo pricing (Free; Starter US$9 or US$8.08 yearly; Standard US$18 or US$16.17 yearly; Professional US$499) — undated page
  7. HubSpot Marketing Hub pricing (Starter US$20 a seat, 1,000 contacts, 50 active segments; Professional US$800, 2,000 contacts, 1,200 active segments; Enterprise US$3,600) — undated page
  8. TechBag, Pipedrive Campaigns intel page (US$13.33 per company per month; USD billing, no GST invoice, IGST reverse charge; Zoho Campaigns bills in INR) — mid-2026
  9. TechBag, HubSpot Marketing Hub intel page (priced by marketing contacts in USD; 18% GST via reseller) — mid-2026
  10. MeitY, Digital Personal Data Protection Act, 2023 (section 6, consent and its withdrawal) and the DPDP Rules, 2025 (notified 13 November 2025; substantive duties from 13 May 2027) — 13 November 2025

Related on TechBag: the HubSpot Marketing Hub page for the contacts-tier arithmetic, the Pipedrive Campaigns page for the India billing comparison, and the catalogue.

Disclosure. TechBag is a software reseller: it earns a margin when a reader buys through it, including from vendors named here. The analysis is TechBag’s own; no vendor paid for or saw this piece before publication. Facts are labelled reported, TechBag count or our view.