1,000,000 Double Opt-In List... Budget Needed?

15 replies
Can anyone chime in here with an estimated guess of the money needed to get a list this size for a free service such as a coupon, freebie or prize website?
#budget #double #list #needed #optin
  • Profile picture of the author Aaron Autrey
    Get to 1,000 subscribers and then multiply the number it cost you times $1,000 and whamma jamma. Remember you must monetize so that you're making money back off the traffic you bought. It may cost you zero, but it would darn sure take a long time.

    Who cares though because there is no magic number. Some folks are making 100k a month with 15-25k list size... Come on.
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    The good thing about this business is that "People don't succeed cause they aim too high and miss, no, they aim too low... and hit. Most people don't aim at all." (Les Brown)

    Not us... Not marketers. We live far above mediocrity. Always keep this in mind at all times..

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  • Profile picture of the author AidenTingley
    I done a test of $10 on Adf.ly (This is not my usual choice of traffic) To see how it went and for my 10 bucks I got 100 freebie seekers subs.

    About 100K...

    With that traffic it will be a long time before you make your money back...
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    • Profile picture of the author Alexa Smith
      Banned
      Originally Posted by AidenTingley View Post

      With that traffic it will be a long time before you make your money back...
      That's putting it mildly: this is traffic that may even not be monetizable at all.
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    • Profile picture of the author Daniel Evans
      Originally Posted by AidenTingley View Post

      I done a test of $10 on Adf.ly (This is not my usual choice of traffic) To see how it went and for my 10 bucks I got 100 freebie seekers subs.

      About 100K...

      With that traffic it will be a long time before you make your money back...
      They aren't Freebie seekers.

      Those people are paid for subscribing.
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  • Profile picture of the author Jack Gordon
    Is it unclear to anyone else what the OP is really asking for?

    The way I read it, he is interested in acquiring 1,000,000 "opt-ins" - not building them.

    If that is the case, of course, they would no longer be opt-ins, as they opted in to someone else's list, not yours (if indeed they even did that)
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  • Profile picture of the author Dovakiin
    Banned
    If you had a list size of 1,000,000...you'd be spending thousands of dollars per month for your autoresponder.
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    • Profile picture of the author mlpauling
      Buying subscribers is a risky business that is why IMers work diligently to build their list and cherish their buyers. Incentive subscribers are frown upon because they are usually not very interest in your offer and only sign up to receive the promised incentive. These type of subscribers are useless to you.
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    • Profile picture of the author Alexa Smith
      Banned
      Originally Posted by Dovakiin View Post

      If you had a list size of 1,000,000...you'd be spending thousands of dollars per month for your autoresponder.
      You'd be making hundreds of thousands, or millions, though, if it's a responsive, targeted list.

      As observed above, everything depends on quality and responsiveness, and on the strength of the trust-based relationship between the list-owner and the subscribers. Without that, lists have no real value in themselves.

      The income isn't about "how many subscribers" you have.

      In every niche in which I do business, every time I've split-tested (and that's often), I make more money by opting in 15% of the traffic through a content-rich site than I make by opting in 45% of the visitors to a squeeze-page. In round numbers.

      The smaller lists produce far more income
      from the email series because there's more of a trust-based relationship, that way, and more credibility.

      It's NOT a "numbers game" and the people who imagine that it is have a lot to learn.


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      • Profile picture of the author Businessman79
        I don't want to buy lists I want to grow them myself.

        Let's say you had 1,000,000 list in the weight loss (whatever) niche won't you burn out that list on the amount offers you can send them? How many weight loss offers they gonna need or want? Shouldn't of the first one worked? Lol

        Wouldn't it be better to have a general list and send them general offers?
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        • Profile picture of the author Alexa Smith
          Banned
          Originally Posted by Businessman79 View Post

          Let's say you had 1,000,000 list in the weight loss (whatever) niche
          I hear (and kind of "get") your question, but for myself, can't envisage any "list" like this. I have a slightly different approach from some marketers, and want to collect only the most responsive, most sensitive, most-buying subscribers within the demographic I'm looking for. Sure, within that demographic I want "as many of them as possible", but when I think of list-sizes like 1,000,000 I instinctively think of "big, noisy niches" and low open-rates and so on ... not my sort of business at all. Not enough money in it, for me. A poor use of my time/effort/energy etc. etc.

          Originally Posted by Businessman79 View Post

          Shouldn't of the first one worked? Lol
          This is a big and important and under-discussed question, here.

          My own perception on this issue is that generally, I don't think "problem-solving niches" are nearly as good as "enthusiasts' niches".

          Once you've built your subscriber-list, established your credibility, formed your subscriber-relationships, and all the other basic, essential things you need to do to make marketing worthwhile, you're then going to promote your first product to each subscriber, according to the number of days for which s/he's been a subscriber and autoresponder emails s/he's already received from you (assuming that you have the sense to wait until then, and not lose most of the potential customers by promoting too early, as many people do!). A proportion of them will buy it.

          At this stage, "in problem-solving niches", looking at it in very simple terms only, one of two things happens.

          Either they like it, they think it's great and it solves their problem (the result is that you can't sell them anything else because they don't need to buy anything else, so you've just lost most of your potential future income) ...

          Or they don't like it, they don't think it's great and it doesn't really solve their problem, (the result is that you can't sell them anything else because you recommended a bad product, from their perspective, and blew your credibility, and they don't trust you any more).

          Not a great outcome for you, either way.

          In "enthusiasts' niches", people gradually buy more and more and more, to feed their enthusiasm, so you don't have that problem to anything like the same extent. (Having bought expensive things from this winter's Louboutin collection won't stop me from enthusiastically buying more expensive things from their 2015 summer collection.)

          Be aware that for many successful marketers, most of the long-term money comes from making repeated sales to the same captive audience (your subscribers - that's why listbuilding is so important!). That's why "enthusiasts' niches" are better than "problem-solving niches", and we're perhaps better off looking at those, rather than at how to solve others' problems.

          Once you solve someone's problem, they may not still be a customer at all; and once you fail to solve it, they may not be your customer.

          Originally Posted by Businessman79 View Post

          Wouldn't it be better to have a general list and send them general offers?
          God, no. Hopeless. Targeting is everything. People with large "general lists" are the ones who end up trying to convince themselves that it's "normal" to have an open-rate of 20% or even less. Just my perspective, but a "general list" would be a real anathema to me. I don't even really know what "general offers" are, but whatever they are, I strongly suspect that if I tried to promote them, I'd be giving up most (maybe almost all) of the advantages I have, as a marketer.

          (Actually, now I think about it, I'm probably being a tiny bit disingenuous, there , because I do also have, thanks to the labors of one of my VA's, a couple of Amazon sites which I use only to sell large volumes of very low-priced products to boost my "monthly sales volume" to qualify for Amazon's 8% commissions on the more expensive/"proper" stuff I promote in my normal ways - because of Amazon's weird, bizarre commissiion-payment structure, in other words ... so those sites aren't for the commissions I earn from those sites, just to boost my numbers by selling books/CD's/gifts. Those are "general offers", I suppose? But barely monetized in themselves, by comparison, and they serve a different purpose for me. I wouldn't ever try to make a living from them alone. And I manage to generate traffic even to those sites only by having built up highly targeted subscriber-lists in other niches in which I have trust-based relationships with the subscribers. It doesn't matter in what niche they're "highly targeted". It just matters that I've built up trust-based relationships with them, without the context of the relationships being relevant. Everyone buys books/CD's/Gifts. My point: even to sell those "general products" to "general traffic", I have to have subscribers who trust me from some other context. I couldn't do it "by SEO" or whatever (and neither can the people who genuinely try to: they're the ones starting off all the threads with titles like "Amazon doesn't really work, for affiliates, does it?".


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        • Profile picture of the author DIABL0
          Originally Posted by Businessman79 View Post

          I don't want to buy lists I want to grow them myself.

          Let's say you had 1,000,000 list in the weight loss (whatever) niche won't you burn out that list on the amount offers you can send them? How many weight loss offers they gonna need or want? Shouldn't of the first one worked? Lol

          Wouldn't it be better to have a general list and send them general offers?
          If during a 30-60-90 day period, you have subscribers that don't open or click, you can run a last ditch campaign to try and win back their interest. If that fails, then move them to a general offer list and see what happens. Ideally you should move them off the service you are using, as you only want responsive subscribers.
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