Everyone on your list has already bought from you or asked to hear from you. There is no bid to win, no algorithm to satisfy, and no platform that can take the audience away overnight. That makes email the cheapest sale in the business and the only channel where the audience is genuinely yours.
The second reason is time. A paid ad stops working the moment you stop paying, and a campaign earns on the day you press send. A flow built this month is still selling in two years, at three in the morning, while you are packing orders. Industry figures put email's return at roughly £36 for every £1 spent, and automated messages earn several times more per recipient than a scheduled campaign. Those numbers are averages and your shop will not be average, but the direction never changes: the money is in the automation you have not built yet.
The third reason is margin. Email revenue carries no acquisition cost. When a customer buys a second time through a post-purchase flow, that order is close to pure contribution. Shops that fix retention do not just earn more, they can afford to bid harder on the front end, which is where most of the compounding comes from.