The Power of Building a List
As an internet marketer, one of the most common phrases you will hear is “The Money is in the List”.
You might wonder why this idea of building a list is so important in your ability to make money as an online marketer. Many wonder why they cannot just throw up a websites, write some copy and collect their profits. Why is it so vital that you consider building a list?
First, let’s talk about what list building really means, basically, this is where you have visitors to your site fill out a form with their name and email address.
Using this information, you stay in touch with your list (whether they have bought from you yet or not) via email. You will send good, quality information as well as the occasional sales letter to this list.
With any niche that you choose, you will need to make the decision as to whether building a list is even a viable option. However, if you think about it, there is usually some room for up-selling in just about any niche.
For example, if you have a website related to infertility and how to overcome it, you might wonder what else you could offer that group of people. If they use your program and are successful at getting pregnant, you could offer them all kinds of baby related items during their pregnancy. It is important to think outside of the box!
As marketers build their lists, they often see the huge potential they have in that niche. Taking the example above, perhaps you decide to write your own ebook that will complement the one you have been selling.
If you have been selling an ebook with the title “How to Overcome Infertility Naturally”, you might decide to write one called “Yoga Moves for Infertility”.
This way, you can still sell the original book, but now you can also offer your list this accompanying book.
To see the potential, let’s assume your list has only 500 people right now. Your ebook is priced at $19.95, and you send an email out to your list (which takes all of about 2 minutes).
If 100 people on your list purchase your ebook, you just made a quick $1995 for one email! That is the power of list building.
Of course, if you had to hire out the writing of the book, your profits would be reduced. However, what if your email pulled a better return? You could make even more than that!
That in a nutshell shows the power of Building a List of subscribers and having a relationship with those subscribers, so in essence the quote should be “The money is in the relationship you have with your list”
Tagged with: Aweber • Build a List • List • List Building
Filed under: List Building
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Hi Terry,
You nailed in the last sentence “The money is in the relationship you have with your list” cannot be more true. Keep your subscribers happy by giving them quality content and they don’t mind buying from you when you occasionally send a sales pitched letter.
BTW nice looking blog and wish you all the best for your coaching program
Steve
Hey Terry,
Excellent post, I agree with Steve, you nailed it! You’ve just invented the new IM catch phrase, well done!
Best wishes,
David Maddux
Hi Terry
Can’t agree more. The relationship with the list is probably the most important part of building and maintaining your list. If you do not foster a good relationship and maintain contact with your list, you will lose them.
A little about me – My name is Sue McDonald and I am a student of Mark Terrell and I am actually going through the course a second time – by invitation. I love it and know if I do all he says, I know I will be successful. I am Australian but the US is my second home as I have family there and visit quite often. This is why I started Internet Marketing so I can travel whenever I want and have the money to do what I want.
Well I hope you are doing well and you become very successful. I would love you to come visit my blog and leave a comment.
Kind regards
Sue
Hi Terry
Just read your blog about list building. This is what I tell my students all the time. Foster that relationship with your list.
Yes I am Mark Terrell and I am following my students as they post on other peoples blogs. They don’t know that I am always checking to see they are getting results. I am passionate about helping them achieve and then they are able to make some money online exactly the same as I am doing. It is not really difficult as long as they are willing to put in the effort.
Keep up the good work.
Regards
Mark
Hi Terry,
Yep it’s all about proving to your list that you are a trustworthy and decent person. We do it offline so we follow a few simple steps and we can do it online.
I am also in Mark’s course and he has seriously moved us ahead in leaps and bounds.
What we have realised since we joined his coaching is that people try and complicate this online business thing.
You are thinking outside of the box which is great and your writing flows well. I enjoyed reading your blog – it was easy to follow.
I am sure you are now backing your work up regularly. I know how you feel, we have felt that same terrible fear when we thought we had lost lots of work.
I would be very grateful if you would take the time to look at our blog and leave a comment.
We would really appreciate constructive feedback.Please tell us what you do like so we can do more of the same.
kindest regards
Dawn
Hi Terry,
Great looking site. Your post about a list is right on. Great Relationships leads to Great Rewards in more ways than one.
Best Wishes,
Wayne Stanila