Posts tagged ‘money’

How to Make Money With Your List

Your ultimate goal is to help people, but you also want to increase your bottom line. Learning how to make money with your list is essential — it’s also important that you don’t make mistakes that could cut into your profits.

Promote Affiliate Products

One way to make money with your list is to promote affiliate products. The chances are good that no matter which niche you’re in, you can find relevant products that people will respond to. These might be information products, physical products, or even services. The important thing is that you check the product yourself for quality to make sure it’s something that you will feel good about putting your stamp of approval on.

Many list owners make the mistake of simply choosing offers based upon their commission without checking to make sure it’s something that their readers can actually use. By hand-selecting what you promote, you’ll gain the trust of your list members and they will be more likely to buy from you in the future.

In doubt? Don’t promote.

Promote Your Own Products

What many list owners end up doing is creating their own products (if they don’t have them already).

This gives you ultimate control over what you’re offering to your list, as you are the one who decides what goes into the product. This is amazing, because after a while you will have gotten a feel for what the members of your list really need. This allows you to zero in on their wishes and hand-deliver them a product you know they’ll be happy to pay for.

It can also be more beneficial to promote your own products, since you don’t have to split the commission as an affiliate. This can be more lucrative in the end. Having your own product can also brand you as an expert. As soon as people see your name on a book or other product, they know that you are a serious person in your field.

Presell The Product

No matter whether you’re promoting an affiliate product or you’re providing your own, you need to make sure you presell the product.

Preselling means to warm up your reader BEFORE he/she is sent to the sales page.

That means using good copywriting skills right within your e-mail that will show people that the product that you’re recommending is one that they actually need. Empathize with the reader, and show that this is a product that can do exactly what they need it to do.

That doesn’t mean you’re going to hype the product at all or lie. You can certainly make a lot of sales without making false claims about anything. It will be easier than you think to presell to your customers if you are promoting a product that you truly believe in.

Create Special Offers

Creating special incentives and offers can help you to make sales. Your list members will be thrilled to get discounts just by being a member of your list. This strategy also makes being a member of your list special and exclusive – something they can’t get from the competition.

Here are some ideas…

Negotiate a special discount with a product owner if you’re an affiliate. Ask the owner for a percentage off, a free trial, or even an added bonus – just for your readers.

Create and offer an added bonus yourself. Provide it only to those readers who buy a product through your affiliate link. For instance, an extra report, audio, or maybe even your notes that you took when YOU went through the same course.

Drop your price just for your list members on a product that you own.

Offer Resale Rights or PLR rights to your own product – only to your list.

Bundle up other people’s Resale Rights products into a package and offer it at a steal.

Offer personal coaching only to your list members.

No matter what you decide to do, keep in mind that you need to treat your list members like gold, which means giving them offers that nobody else has access to.

If you make these offers truly special, you’ll get customers for life!

Don’t Be Afraid To Change Out Products Over Time

It can be very tempting to just leave everything as it is after you’re done setting up different products to promote in your autoresponder series. The truth is that some offers may not convert as well as you thought they would. You need to check your stats and periodically clean things out. Test different offers to make sure the needs of your list members are being met — and that you’re earning as much money as possible.

That may mean trying different affiliate offers or taking note of your list member’s feedback and creating products based around that. Even though your autoresponder series can be “set and forget,” that’s not always the best case scenario.

Do you want to improve your email marketing skills? If so then register for the free webinars below.

Free, Live Email Marketing Webinars ~ Become an Email Marketing Master

Recommendations:
aWeber Autoresponders - Quickly create and run your campaigns with powerful, easy-to-use email marketing tools.
Go Daddy – Where I purchase all my domain names.
Hostgator – Very reliable and low cost hosting service which I have been using for about ten years.

Writing Money-Making Autoresponder Messages

Having a series of money-making autoresponder messages is a very important part of the process, obviously. If your autoresponder copy is dull and ineffective, it doesn’t matter how big your list is because you’re not going to make any sales. That’s why it’s very important that you understand how to write good copy before you get started.

After you sign up for your autoresponder account, you will want to load it with messages that will gain people’s trust and help you make sales.

Understand The Difference Between Follow-Up and Broadcast Messages

If you are completely new to list building, you may not know the difference between a follow-up message and a broadcast message.

Followup message:

Your follow-up messages are what the members of your list receive no matter when they sign up. These will usually be in a sequence that is delivered at a predetermined rate.

So, if Sally signs up on Tuesday she will receive follow-up message #1 on Tuesday. If Tom signs up on Friday, he will receive follow-up message #1 on Friday.

That means that your autoresponder sequences are your little relationship builders and salespeople 24 hours a day, seven days a week, 365 days a year.

Broadcast messages:

These types of messages are sent out to your entire list so that they receive them at the same time (also referred to as an “email blast”). This is a good option if you have something to share that is not a normal part of the sequence. It might be a special announcement or a time-sensitive or limited-time-offer special deal.

Use both types of messages in your business for best results.

Think About How Often You Should Send Messages

At first, you might be nervous about mailing to your list because you’re not sure how many messages you should send and how often. Unfortunately, there is not one correct answer to this question. The answer depends on your niche, the relationship you have with your members, and what kind of information you share.

If your messages offer a lot of value, people will probably want to receive them more often. If your list messages are more focused on making sales, people may expect them (and want them) less often.

Still, the balance is individual, so you should test what is best for you. A good autoresponder will show you the number of people who click on your message when you send it. If the number stays high with more frequent messages, your unsubscribe rate doesn’t increase, and sales tend to remain high, then your list may want to be contacted more frequently.

What some marketers suggest is having one autoresponder message scheduled per week, with perhaps a broadcast message in between if you need to have a special mailing. Yes, at times the messages might land on the same day to certain readers, but that’s no reason to avoid sending broadcast mailings to your followup message recipients.

Carefully Craft Your First Message

First impressions count. That’s why you need to carefully write your first autoresponder message. It is the first impression your list members will have of you. Even if they really liked what your website had to say, they will unsubscribe very quickly if they don’t think your list will offer them a lot of value.

Your first message should almost never contain a sales pitch. This is your chance to prove that they will want to remain on your list. You want to be warm, open, and friendly. You should also consider offering a special bonus or surprise for free. This will immediately help set a positive association with your messages. This can increase the open rates on your e-mails, put your relationship on the right path, and help you make more sales later on.

Decide When To Make Your First Sales Pitch

Some marketers are focused on making the sale right away. However, you may want to consider holding off until you are at least a few messages into email sequence.

Now, this rule doesn’t apply if people sign up to get a coupon or special product offer. Then they would expect that they are going to be sold to right away.

However if your list members signed up to get some valuable information, they may not take too kindly to getting pitched to right away. This is something you may want to test, but you need to think about the relationship first and the money later in most cases.

Split Test For The Perfect Balance

As your list grows, you will want to split test your messages. You might find that the way you set things up in the beginning was not the optimal way. We all want to improve our results and split testing makes that achievable. By tweaking a few things here and there you can increase your open rate and the desired responses your list makes.

If you have a good autoresponder company, the chances are good that they will provide you with the information and tools you need to split test. Companies like Aweber will automatically send half of your list one message and the other half a different message. They will then track the results so you can compare them and make changes.

Consider The 3-to-1 Formula

A popular formula that some of the top marketers use is sending 3 relationship building e-mails to every 1 sales e-mail. This is especially important in the beginning stages, and will set the tone for later e-mails.

What you might want to do is have the first e-mail be entirely focused on offering quality information and building a relationship, the second e-mail making a very soft pitch, the third e-mail selling a little harder, and finally the fourth e-mail blatantly promoting a product.

If it makes you feel more comfortable having a system to work with, then this is a sequence that you may wish to follow.

Study The Basics Of Copyrighting Before Getting Started

You may not think of yourself as a copywriter, but I recommend that you study the basics of copy to make the most of your list.

Elements such as the AIDA formula will certainly improve the responsiveness of
your list.

AIDA stands for:
Attention
Interest
Desire
Action

This means capturing their attention, interest, desire, and finally having them perform the desired action.

No, I’m certainly not recommending that you hold off on starting a list or growing your list until you’re a highly skilled copywriter, but I do recommend that you continue to study copywriting to continually improve your results.

Focus On The Subject Line

While all elements of the e-mail are important, you will want to focus on the subject line.

If people don’t like what they see and are not enticed to click, they simply will not open your message. On the other hand, if your headline is attention-grabbing, they can’t help but click on your message to see it. Once they’ve opened your e-mail, it’s going to be that much easier to build your relationship and make sales.

Study Autoresponder E-mails That You’ve Responded To

As a marketer, the chances are good that you’re receiving emails from several other lists. Do you notice that you open some marketers e-mails more than others? You can learn a lot from this.

Save the e-mails that really grab your attention and make you respond, either by “labeling” them if you’re using Gmail.com or sorting those messages into a folder marked “Hot Copy”.

You can “swipe” certain copy ideas (not the subject lines themselves, but the ideas used) for use in your own e-mails to make them more attention-grabbing and response-inducing.

Consider The Length Of Your E-mails

There are some people who hate writing so much that their e-mails are only ever a paragraph or so long. There are others who are so prolific that their e-mails go on for pages. It’s probably best to find something in between.

If you are a writer who tends to go on and on, you have to remember that people are very busy. They often don’t have time to read long e-mails. On the other hand, you’re probably not providing much value or making enough of an effort if your emails are too short.

Find a happy medium, and your response rates will likely improve.

Do you want to improve your email marketing skills? If so then register for the free webinars below.

Free, Live Email Marketing Webinars ~ Become an Email Marketing Master

Recommendations:
aWeber Autoresponders - Quickly create and run your campaigns with powerful, easy-to-use email marketing tools.
Go Daddy – Where I purchase all my domain names.
Hostgator – Very reliable and low cost hosting service which I have been using for about ten years.

Email List Building Do’s and Don’ts

There are some common errors that people who are new to list building tend to make. In fact, some of these are mistakes that experienced marketers make time and time again. Correcting these mistakes can mean the difference between having a solid, unbreakable relationship with your list and having a list full of people who simply delete your e-mails and unsubscribe.

Pay close attention to these do’s and don’ts to ensure your list is a success.

Don’t Buy Leads

If you’re just getting started online, buying leads can be very tempting. Don’t get lured, though, into the seemingly easy strategy of buying leads. While this can work to a certain point, it is not going to give you the responsive list that you want.

When you buy leads, the people who you get on your list have likely never heard of you and most of them probably don’t want to hear from you.

On the other hand, when you build your own list from scratch, you’re talking to people who are warmed up to you already and who are a lot more likely to buy. Buying leads, for the most part, is a waste of money.

Don’t Spam People!

It can seem awfully enticing that all you need to to make money is send an e-mail. This leads certain people to the dark side. Of course I’m talking about spamming. Even if their intentions started off good, spamming is highly tempting, and the laws can be confusing.

Spam is when you send unsolicited e-mails to people, and is actually against the law to do. The spam law states that you must make sure that you make it easy for people to unsubscribe from your list (a link at the bottom of the message is best) and that they have subscribed in the first place. You are also required by law to include your postal address with all messages that you send.

You can read the law here:
http://www.ftc.gov/bcp/conline/edcams/spam/business.htm

Building a relationship may take longer than spamming, but the profits will be far greater in the long run.

Don’t Put Off Building a List

Many people think that they can put off building a list until they are more “established” or until [enter your excuse reason here]. This is a mistake. Even if your traffic is low and you’re brand new to online business, you need to build those relationships from the very start.

If you ask established Internet entrepreneurs what their biggest regret is, many of them will tell you their regret is that they did not build a list sooner. It doesn’t matter what your online business is – selling ebooks, offering a service, affiliate marketing, creating adsense sites, ecommerce, blogging, or direct selling – you need to build a list.

Build a Relationship First, Think Of Money Later

We’ll dig into this tip in a lot more detail later on, but it’s important to understand it right now as well. You need to focus on the relationship building part of your list first, and think about the monetary aspect later.

Sure, you want to make money, but if all you do is hit up your list for money, you’re going to get a lot of unsubscribes and make some people angry. The chances are good that they signed up for your list in order to get something out of it. Whether it was an e-course, a free e-book, information, coupons, notices, an audio, or something else, they expect to receive a lot of value for being a part of your e-mail list.

If you provide this relationship first, the money will come.

Be Consistent

There are many business owners who build a list and then don’t do anything with it. They allow their leads to get neglected. All this does is cause your list members to forget they’ve joined your list in the first place, and it causes you to lose potential income.

When you do decide to send a mailing to your neglected lists, a much higher number of people will choose not to open your e-mails, mark your emails as spam, and unsubscribe. You don’t need to e-mail them every day (that’s actually a bad idea) but consistent effort is what will build the results you’re looking for.

Do you want to improve your email marketing skills? If so then register for the free webinars below.

Free, Live Email Marketing Webinars ~ Become an Email Marketing Master