Can you make money just from your list?
The quick answer is yes, you can. In fact, it is very simple. Let’s say that you have 1000 subscribers in your list. Then, if 80% of your subscribers read your emails. If your conversion rate is 2%, then you can easily make 16 sales from a single email. This is just a rough estimate. There are many things that can affect your conversion rate, such as the demographics of your target audience, the level of trust that they have for your business, your open rate, the strength of your email copy, and so on. But, you get the idea. You can make money from your list, and it is simple if you know how to do it. Here are 7 guaranteed ways to make money just from your email list:
1. Become An Affiliate For Related Companies
Another way to make money from your list is to become an affiliate for companies that run their businesses in related niches. For instance, if your niche is weight loss, then you can become an affiliate for companies on fitness-related niches, which will complement the niche that you are in. In this way, when you promote products as an affiliate for those companies, you will not end up as a spammer, because you will still promote products that are complementary to your niche. In fact, their products may provide a perfect match with your products, creating a perfect product combination.
2. Put Ads On Your Emails
There are many companies that want to reach new audiences in their marketing campaign. Businesses are constantly searching for new customers for their products and services. If you have a mailing list with thousands of subscribers interested in certain niches, it is a good idea for you to put some ads on your emails. You can contact related businesses and companies and offer them some ad slots in your emails. This way, you can get some advertising income from those businesses, while at the same time, helping them to get more customers.
3. Sell Ebooks To Your List
One of the easiest ways to start making money quickly from your list is to sell your ebooks to your list. Information products are very popular online, and if you are doing email marketing, selling your own information product will generate income for you quickly. You can use your expertise to write an ebook related to your niche, and sell it to your audience quickly. The key is to help them solve their biggest problem, and give them an easy solution in your ebook.
4. Promote Relevant Products As An Affiliate
You can also promote relevant products as an affiliate, which means promoting products that are directly competing with your main products. If you have a mailing list in the weight loss niche, you can become an affiliate for companies that are on the weight loss niche as well. In this way, you will be able to offer different product variations in your promotion, which will be good to keep your promotion fresh and interesting. It can help you to avoid promoting the same products over and over again.
5. Let Other Businesses Promote Their Products On Your List
With a medium-sized mailing list, it is enough for you to convince other businesses to promote their products on your list. Remember that if you can convince them that your list can be profitable for them, some of them will be interested to run their promotional campaign on your list. You simply let them write their email copy, and with some introductions, you can include their promotional copy on the email that you send to your subscribers.
6. Let Your Subscribers Invite Others To Your List
You can also design a system that allows your audience to invite others to your list. Of course, in order to entice them to do this, you have to offer something in return. For instance, you can offer your ebook if your audience can generate 5 sign ups from their unique referral link. This method can help your list to go viral, and once it gets bigger, you can easily increase your earnings from your email promotion.
7. Make Sure That Your Subscribers Can Trust And Rely On You
Be sure that your subscribers can trust and rely on your expertise. You cannot make them follow your recommendations, buy your products, or take action immediately if they cannot trust you. Remember that the most successful business is the one that is built based on trust, because trust can help create loyalty for your business. The more loyal your subscribers, the higher the chance for them to buy your promoted products.