You may or may not already manage your own e-mail newsletter (AKA "eZine"—short
for "e-mail Magazine").
If you do, this article will help you to make more money with it today—no
matter how big your list is!
If you don't, read this to learn why you should begin building a subscriber
list immediately.
As you surely already know, your newsletter is a must-have key to your
success online. I don't care what you do, not building and maintaining
an e-mail newsletter is suicidal.
Now, everyone knows that much, and you will hear many speak these same
words, but you rarely hear folks talk about the real value of your list.
That is, how do you use it to really make money?
1. Educate
"All Links are Not Created Equal." This is a phrase I coined
in my marketing course years back.
The idea here is that the state of mind of your customer when leading
to your site is crucial in determining whether or not he will buy. This
is a natural extension of what salesmen call "qualifying". That
is, you need to determine before wasting your time, whether the prospect
is ready to go or not.
Pretty basic salesmanship 101 stuff here. How does it apply to your newsletter?
Well, chances are, your prospects don't even realize that they need your
product or service. What may be obvious to you may be totally unknown
to your prospect.
Your newsletter can be used to educate your prospects about the value
of your product or service. That is, they don't know they need it, so
educate them!
An educated prospect will come to your site "pre-qualified"
and ready to be sold. He knows he needs what you've got. All he needs
now is a little nudge.
2. Endorse
If the content of your newsletter is good, and not just a sales pitch,
over time you will gain the respect of your readers. Once you've gained
their respect, they will be more likely to listen to what you have to
say (they are pre-qualified to receive your opinion--see how this all
fits together?)
When you recommend a product or service to them, they will arrive at
the sales site for that product or service pre-qualified and ready to
buy. Your opinion means a lot and will go a long way on the path of making
the sale.
The application of this concept to affiliate programs is quite obvious--just
endorse the products you are offering, right?
What if you are selling a product or service of your own?
If you've read my course, you remember the concept of the "Internet
Marketing Battle Plan." The fifth and final tactic in your Battle
Plan is "Working the Back End."
Once you've sold your product to your customer, continue to sell related
products to that customer as long as you can. These don't have to be your
own products. They can be products from other companies selling related
products...
Heck, they can even be your competitors!
Use the power of your endorsement for these products to sell like crazy.
Endorse and Educate, and you will always send pre-qualified and excited
prospects to your sites.
3. Automate
Do you manage your newsletter by hand? Or is the tool you are using to
manage your newsletter unreliable and difficult to use?
If so, properly automating your newsletter will make you money.
How?
It's simple. Automation of your newsletter management will save you time
and spare you the mental anguish of having to worry about your list. In
the end, you'll have more time and mental energy to apply to your other
projects. Or, if you're lazy, it might just give you some extra time in
front of the tube!
Either way, you want to make sure that your automation solution for your
newsletter is:
A. Highly configurable. You want it to be able to grow and change as
you grow and change.
B. Reliable and located in a trusted spot. You can only guess what happens
to your newsletter when
it's hosted on a remote site or when it's managed by scripts you don't
understand. A solution you run locally solves this problem by putting
you in control.
C. Handles subscribe and unsubscribe requests efficiently. This will
save you hours of time.
D. Can schedule and automate the mailing of your newsletter. What if
you go on vacation or have a family emergency? Does you business stop?
Of course not! It simply can't. You need a management tool that can run
things while you're gone.
TIP: ROIbot Newsletter Server is a new tool that handles all of the above
quite nicely. You can learn more about it at http://www.roibot.com.
Apply the above techniques today and I promise you will immediately begin
making more money as a result of your newsletter marketing.
Just remember to always test everything you try every step of the way.
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