15 easy ways to make money from your email list today
If you’re already done with email list building, then it’s time to understand how to make money.
Here are 15 easy ways to make money from your email list today
1. Use your opt-in thank you’ page to sell a product
The thank you’ page is the best place to start your monetization journey. When a visitor opts in, it means they are interested in your product or service. This is the right time to transform such subscribers into customers. Entice them to buy by adding links and snippets of your products. You can create your snippet library that features your favorites or import them from Community straight to your Builder. Go ahead and convince them to buy by including a section on positive reviews and testimonials from other past customers.
2. Use a Product Splinter
This is also called tripwire and is a low-cost offer that is used to convert leads into customers. Tripwire can help you hasten your relationship with customers. The right time to use a tripwire is immediately after a visitor accepts to sign up. Statistics have shown that by using a product splinter, you increase the number of your return customers by ten times. However, when using tripwire marketing, don’t begin by alluring your audience with expensive products and services. Begin with low-cost items and tease your audience well. Use a lead magnet then go ahead to contact your audience before offering them your products or services.
3. Be Specific in your Niche
Are you focusing on the ideal customers or the general public? It is good to segment your campaign and be precise in your niche. This makes it easy for you to attract visitors to sign up and be your potential customers. Don’t let your audience wonder why they signed up if you cannot meet their demands. If your target audience is middle-aged, then be clear even if you are past their age. Remember to be free when picking your niche.
4. Offer your Customers the Value they want
If you’re finding it hard to earn from your correspondence marketing, then it means you aren’t giving your clients/customers the value they’re looking for. Make them understand the benefits they can get from your product or service. Persuade them by all means that your product is right for them. It could be strategies, tips or tricks for doing something. Be as inspirational as possible. Make them feel curious to open your message. They’ll be more likely to purchase when you’ve inspired them.
5. Repeat those Viral Promotions
Maybe you gave your customers a flash sale and they gladly responded. Can you do it again? If it’s possible to replay the same promotion, then do so. Before doing this, try monitoring all your past promotional campaigns to understand those promotions that went viral. People get excited when they hear special discounts and promotions. By doing this, you can dramatically elevate your sales figure.
6. Be goal-oriented, show your customers the right path
If it means publishing content, then don’t make it for the sake of creating traffic. Make your content the guides of your customers. Value-rich content can help you build a good path for your customers to follow. Anything you offer your customers should have some purpose. This can help to make potential customers get interested in your brand. Make them trust and feel you’re skilled in your niche. They will not hesitate to buy.
7. Do some up-selling
This is a technique where you induce a customer to buy some expensive products after buying from you. It is a form of upgrade and can apply to any industry. Upselling isn’t a bad sales technique. In fact, it is one way of making your customers feel happy, satisfied and even coming back for more. When you do it right, upselling can help heighten your relationship with your customers. Make them understand that it’s a win and not a mere sales tactic. The good thing about upselling is that it is easier than making a sale to new customers. It is a great growth strategy.
8. Understand your customers’ favorites then sell them more of it
Get it clear that not everyone who signs up will buy from you. Take time to understand the ones who are interested in your products and services. The best ways to understand that a customer is interested in what you offer is by examining your opt-in pages, checking if they opened your messages, clicked your links or turned up for your webinars. If they are interested in a product, try availing more of the product or service.
9. Use your messages to invite them for webinars
A customer is more likely to check their mailbox than visit your website or social media page. It means if you plan to offer anything time-sensitive like a webinar or product launch, then consider sending them via message and let them register there. This allows you to increase the number of sign-ups as well as the number of webinar attendees.
10. Down-selling still works!
A customer may be willing to buy from you but is on a tight budget or cannot buy due to any other reason. Instead of letting them give up on buying the product, why not offer them something affordable? The technique of selling a lower priced commodity or service to a customer is referred to as down-selling. This method helps you keep a customer engaged regardless of their budget.
11. Remind them of their forsaken carts
It is common for customers to leave catalogs without paying. Some take time to make a decision and this should never kill your morale. Remind them by sending a message and encourage them to complete the purchase process. The most appropriate way to do so is by using an auto-responder service. In case you have any abandoned carts, start a campaign to address it.
12. Come up with Paid-subscription for all your premium content
If you have an amazing number of people who’ve subscribed for your content, then you can give them an option to pay for more quality pieces. You can design a weekly, monthly or yearly membership then have them pitch in at a fee. This technique can help you earn a substantial amount.
This is a practice of selling additional services or products to your existing customers. It is another powerful way of increasing your revenue. This normally happens when your customer already has their wallet out. You can pick different products and offer your customer the option to add to their order. It is a way of complementing the existing purchase of your customers. However, remember that the customer ought to get some discount from the bundle you’re offering them. You can also let them know whether they’ll get free shipping.
14. Be an Affiliate
There are various companies and brands that may be willing to pay you for generating a sale. It is not mandatory that you sell your product. You can convince your members or target audience to buy products from someone else. Send them referral links and inspire them to sign up. You can make extra cash from doing this. The process is quite simple and interesting. Start by finding various advertisers in your industry and sign up to promote their products and earn a commission from the sales you generate.
15. Sell an ad space
Are you aware that you can earn something by renting a space for advertisement? If you have a large number of subscribers, then considering selling an ad space and make people pay for it. You can include links to product reviews as well as websites. However, you have to ensure that your readers are engaged at all times by giving them valuable stuff.