_____ FEATURED ARTICLE _____________________
My Huge Email List...What a Mistake!
I read a chilling, but honest, confession today by an online
marketer. No, not one of the biggies. This was a guy who had
obviously read one of those irresponsible marketing books on
building your email lists quickly. For purposes of anonymity,
let's call him Bob.
What was Bob's confession?
That he had spent way too much time and money building his list
and not enough time properly targeting his subscriber base.
You see, Bob erroneously bought into the idea of "build a huge
email list, and they will come."
Admittedly, his plan did seem perfect when he initially set out.
His goal was to have 30,000 subscribers in 120 days. He
started this plan on June 4th. Today, the middle of August, he
has almost 21,000 subscribers. Great! Bob is on track to reach
his goal.
When making this plan, Bob made a logical assumption that over a
year's time he could get 10% of those 30,000 to purchase a
measly $10 product. Pocketing $30,000 would make his plan
worthwhile. Yes!
However, sooner or later reality would dictate whether his plan
would work. Unfortunately, the reality of Bob's plan now is
that he is getting less than 1/10th of 1 percent response from
his massive list. This is disastrous!
Folks, just because you have a lot of subscribers doesn't mean
they're going to buy your products.
Read part of Bob's confession...
"I've depended on subscription services to deliver targeted
subscribers. They have been able to deliver a high quantity at
what appeared to be a very reasonable price. But again, it's not
what you pay but what it costs that matters."
The cost to Bob is not only monetary. He feels he has wasted
time in the efforts put into his ezine, the long hours of
writing, of conceiving ideas, of reviewing products. He found
himself resenting his big list and feels like giving up.
Now, I know there are many of you out there who feel the same
way. Perhaps you have bought the same manuals as Bob. It all
made so much sense, right? But, it didn't turn out the way you
had planned. Hats off to Bob for being honest enough to make
this confession. He only said what many have been feeling.
Bob admitted that he now understands that his time would have
been better spent in targeting his subscribers rather than
building his list. And, this is what he is now determined to
do. As a result, I'm confident Bob will turn his plan around
into a success. His eyes are being opened to the realities of
marketing - online or off.
The key is in targeting your subscribers. Once you've done
this, you get to know them, and they get to know you.
That's it? Yes, that's it. Well, okay, you have to learn the
right ways to target your list.
I've read Bob's ezine issues and am amazed at the time he
obviously puts into them. He was honest and straight-forward
with his subscribers. But, they didn't respond because of two
things: 1) first and foremost, they were not targeted, and 2)
the relationship just wasn't there yet.
Both of these things take time to build. From experience I can
tell you that if you will learn to do the two things listed
above, the orders will roll in. It makes that much difference,
especially at this time when there is a glut of ezines.
Dave and I could easily have 50,000 subscribers to our ezine
within a few months. We know how to accomplish it. It's
actually easier than you might think. However, we also know
that if we made this our goal, our conversion ratios would fall
drastically. So, why do it? Honestly!
When we see an ezine that grows in numbers very quickly, we
steer away from advertising in that ezine. The chances are high
that their conversion ratios will not pan out for our ad.
Lesson learned?
Spend the majority of your efforts in targeting your subscribers
and less in building your list.
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About the Authors:
Successful entrepreneurs Heidi and Dave Perry are founders of
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