List Building - comparing 2 methods

26 replies
I'm no newbie, but I am am to list building (unfortunately).

I'm going to build a fresh IM list with paid traffic, mainly solo ads.
I can see two approaches to getting it off the ground.

1. Give away a freebie, sink the costs of ads until you get a few hundred subscribers, then do ad swaps every day to grow the list. Eventually, sell solo ads and blast some affiliate offers to make back the investment and profit.

2. Direct new subscribers to an affiliate offer, set up 5-day auto follow up sequence emails that promote an affiliate offer. Try to make back most of the investment or profit early on.

The downside of number 2 is that I know it will get many early unsubscribes. But, the advantage is that it would make sales early and recoup some the investment quicker.

To the more experienced list builders - advice? thoughts?
#building #comparing #list #methods
  • Profile picture of the author RogueOne
    You can get some good tips on setting up your sales funnel from these threads:

    http://www.warriorforum.com/main-int...step-step.html

    http://www.warriorforum.com/main-int...es-funnel.html
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  • Profile picture of the author anthonyfrye
    Since you are going to be paying for solo ads, I would definitely throw in some kind of paid offer directly after the opt-in just so you can off-set your expense a little bit.

    Plus, you want to make sure the list is you are advertising in is responsive, has good open rates, CTRs, etc.

    A simple funnel could be free PDF-->Video of the PDF (upsell)-->Audio of the PDF (downsell). 3-5 automated messages in your autoresponder and then test your copy for the best open and click through rates for your squeeze page.

    ~Anthony
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  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by Devin2290 View Post

    To the more experienced list builders - advice? thoughts?
    I'm kind of reluctant, because I don't know whether mine will be welcome, but, for what they're worth to you (if anything) ...

    I wouldn't be willing to do, or to test, either of your two proposed plans myself, to be honest.

    The first one: "selling solo ads" and "blasting affiliate offers" both seem to me to be the kind of activities that lead people to eventually trying to convince themselves that a 20% open-rate is "good, in this industry", in other words that it's ok for 80% of your subscribers not even to be willing to open an email from you.

    The second one: sending people directly to an affiliate link as soon as they opt in would be very bad news indeed for me. Yes, I might make the occasional sale that way, but those are sales I'll make a week later anyway, so there's no real gain. On the contrary, for me there's a real loss, because the last thing I want to do is to look just like any other marketer. That's no way at all to establish credibility and trust, and for me those are the point of list-building: that's why I need to do it at all - to differentiate myself from all the others with whom my subscribers have contact. I'm an affiliate marketer, and that's where the money is, in affiliate marketing.

    I've done a lot of split-testing of list-building methods (the primary variant I've been testing being the type of page through which the visitors opt in, which makes enormous differences to the value of the list), and I've always tested the two separate lists simultaneously built for 6 months each.

    The only other advice I can suggest is always to monitor according to overall, medium-term/long-term income, and not according to subscriber numbers (but you probably know this already? ).

    Good luck!
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    • Profile picture of the author anthonyfrye
      Alexa, I definitely agree with you. If you are going to be sending people through a sales funnel, I would make it all self-branded. Definitely wouldn't let someone opt-in to receive something free then send them immediately to an affiliate offer sales page.

      Your thoughts are always welcome!

      ~Anthony
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    • Profile picture of the author wesawu
      Originally Posted by Alexa Smith View Post

      I'm kind of reluctant, because I don't know whether mine will be welcome, but, for what they're worth to you (if anything) ...

      I wouldn't be willing to do, or to test, either of your two proposed plans myself, to be honest.

      The first one: "selling solo ads" and "blasting affiliate offers" both seem to me to be the kind of activities that lead people to eventually trying to convince themselves that a 20% open-rate is "good, in this industry", in other words that it's ok for 80% of your subscribers not even to be willing to open an email from you.

      The second one: sending people directly to an affiliate link as soon as they opt in would be very bad news indeed for me. Yes, I might make the occasional sale that way, but those are sales I'll make a week later anyway, so there's no real gain. On the contrary, for me there's a real loss, because the last thing I want to do is to look just like any other marketer. That's no way at all to establish credibility and trust, and for me those are the point of list-building: that's why I need to do it at all - to differentiate myself from all the others with whom my subscribers have contact. I'm an affiliate marketer, and that's where the money is, in affiliate marketing.

      I've done a lot of split-testing of list-building methods (the primary variant I've been testing being the type of page through which the visitors opt in, which makes enormous differences to the value of the list), and I've always tested the two separate lists simultaneously built for 6 months each.

      The only other advice I can suggest is always to monitor according to overall, medium-term/long-term income, and not according to subscriber numbers (but you probably know this already? ).

      Good luck!
      @Alexa, I have to respectfully disagree with you just a wee bit! There will always be some subscribers that will take the freebie and then unsubscribe. An offer upon opt in gives you the only chance to market to these people. The others can choose to buy the offer or not. Either way, you will definitely have the opportunity to build a relationship with those that remain as subscribers thru your auto responder.
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      • Profile picture of the author Alexa Smith
        Banned
        Originally Posted by wesawu View Post

        There will always be some subscribers that will take the freebie and then unsubscribe.
        Sure, I agree. And probably neither of us can successfully sell to those people.

        Originally Posted by wesawu View Post

        An offer upon opt in gives you the only chance to market to these people.
        I don't believe an offer to those people is worth anything. Especially not when it also loses so many other people who would otherwise have bought later.

        Originally Posted by wesawu View Post

        you will definitely have the opportunity to build a relationship with those that remain as subscribers thru your auto responder.
        With apologies, I'm a notorious skepchick, Amy ... and you'll need to split-test the open-rates for the first couple of emails, and produce the figures, to get me to believe that you're not losing money that way. And I think you might want to do that for yourself, too, just to discover whether you are!

        My contention - after testing it myself in a few niches - is that if you show people an immediate offer, after subscribing, two things happen ...

        (i) Anyone who buys it was going to buy it soon enough anyway, and ...

        (ii) The open-rates, attention-rates and subsequent purchase-rates for your email series will be significantly reduced, leading to a substantial net loss of income, overall.

        But as the saying goes, "your mileage may vary".
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    • Profile picture of the author BambiFox
      Originally Posted by Alexa Smith View Post

      The only other advice I can suggest is always to monitor according to overall, medium-term/long-term income, and not according to subscriber numbers (but you probably know this already? ).

      Good luck!
      I've experienced results similar to Alexa, by no means as many I'm sure-- but here goes....

      I think way too many people trying to get into marketing, copywriting, etc. are looking way too short term, busy "straining the gnat and gobbling the camel". They don't get that, ultimately, relationships which you build (and the way you go about relating to others every day) can dictate your whole future - if you let them.

      Not trying to allude to a whole spiritual consciousness thing here. I've had a lot of success in business by making great friends out of business contacts-- not all of them to be sure, but: how many times do you need to win a million dollars to be well off?

      The Bambi Secret --

      If you are thoroughly immersed in a profitable line of work - treating your customers very well; it is inevitable that you will run into a really great person every year or so that could easily be worth a million dollars in future opportunities to you.

      Of course this isn't just my secret. Alex has it, shawnlebrun, and dozens more on this forum have the same secret figured out too.

      We still have to test everything we do lots of times building those contacts lists though.

      Bambi
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  • Profile picture of the author John Atkins
    By doing adswaps every day the quality of your list will decrease a lot. Remember that your subscribers will end up on several other lists also.
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  • Profile picture of the author gcbmark20
    Hi,

    It's all about conversions and having the patience to stick at it until you
    create a funnel that allows you to at least break even when you invest
    in paid traffic.

    Squeeze page needs to convert well enough to get as many eyeballs
    in front of your OTO as possible.

    The more go through the more sales you'll see from your OTO.

    You can of course add up-sells to your OTO's and start seeing profits
    at the front end of your sales funnel.

    This is the "HOLY GRAIL" of list building!

    Being able to make a profit as soon as someone enters your sales funnel.

    This gives you the FREEDOM to be able to scale up your numbers and
    buy more traffic that gives you a bigger list and even greater profits.

    Sounds great in theory doesn't it?

    But it's the individual that needs to implement this strategy until they
    reach this stage.

    Can you handle enough dis-appointments until you hit the bulls eye?

    All the best guys.

    Gavin
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  • Profile picture of the author ProfitProductPal
    Do you have a couple of products that you got gathering dust? Because you can start a small internal launch by setting up a sales page for your product and gathering buyer traffic from ad sources like facebook ads and sending them to your squeeze page.
    At least, this way, you know that the buyers are guaranteed!
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  • Profile picture of the author Devin2290
    Thanks for all the input guys!
    I'll let you how it goes.
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  • Profile picture of the author greenowl123
    I would limit amount of swaps you do, especially with other people who swap a lot. Your list quality will be very poor as someone already mentioned above.

    Try other methods to build a list besides swaps : Facebook, PPC, PPV, Banner ads, classified ads on Craigslist, Backpage, etc. I even build my list from ads in newspapers and from flyers posted in public places.
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    • Profile picture of the author ValCDesigns
      Originally Posted by greenowl123 View Post

      I would limit amount of swaps you do, especially with other people who swap a lot. Your list quality will be very poor as someone already mentioned above.
      That is why it's best to have two separate lists, one for your general swaps and another one where only the buyers end up on.
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      • Profile picture of the author newtonguywoodiii
        I suggest you make two separate lists if you are planning to swap from day to day. Make one for your general swaps and make another list for your real buyers. Swapping a lot can make the quality of your list very poor, which should definitely be a big no.

        Having a list is not just about having too many emails in your hands. It is about having the list of people who might be your potential buyers in the near future.
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        • Profile picture of the author Lynn Terry
          Originally Posted by newtonguywoodiii View Post

          Having a list is not just about having too many emails in your hands. It is about having the list of people who might be your potential buyers in the near future.
          Agreed!

          I just shared a video on this topic yesterday. Can I embed it in this post? I'm not sure how, but it's free right here on my Facebook Page:

          https://www.facebook.com/lynnterrybi...73992222612917

          I hope that gives you some ideas to work with.
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    • Profile picture of the author gcbmark20
      [QUOTE=greenowl123;8617421]I would limit amount of swaps you do, especially with other people who swap a lot. Your list quality will be very poor as someone already mentioned above.

      I totally agree.

      No matter how many low quality leads you get when it comes to doing
      swaps, buying traffic etc.

      There are always, always, always some perfect leads out there that
      connect with you and end up buying most if not all of your products.

      If you can find where the quality leads are; you're onto a winner.

      Thanks
      Gavin
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  • Profile picture of the author rmolina88
    2 is the most important step because the first 7 days is the most crucial to sell to your subscribers in my experience. Make sure to provide VALUE in your emails like advice and benefits of the products you're selling so you come off more as an authority than a desperate seller.

    I rarely get any unsubscribes until much later down in my sequence like the 20th-40th email.

    Also, are you making your own products or at least selling PLR/MRR ones? Those make a pretty big difference.
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  • Profile picture of the author Nerdygirl226
    what about email list swap is that illegal ?
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  • Profile picture of the author Dennis Ray
    anthonyfrye has some good points. especially about the paid offer.
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  • Profile picture of the author Masum492
    Hmmm... Alexa is right!
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  • Profile picture of the author Matthew Trujillo
    Like others have said, if you are going to build your list from solo ads, just make sure they are good vendors!

    Always test out there traffic before you buy any big packages, always screen them and ask them questions.

    Always make sure you get what you paid for, if not don't use them.

    And most importantly, ALWAYS make sure you know what your page converts at.

    Best of luck.
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    • Profile picture of the author Fabian Tan
      The first method, in my opinion, is more suited to the current landscape, which is that almost half of people open their email on mobile smartphones. MailerMailer and other companies have reported such stats (the number was about 30% in 2011 looking at some of my old bookmarks, now it's close to 50%). And this number is only going to keep rising. People click on links in email almost HALF as often on mobile than on a desktop/laptop, so you can imagine that the sales will be HALF as often on a mobile device. It's no secret that it is harder to get sales on a mobile device, and Facebook have been trying for a while to get their mobile business to be as profitable as their web business, and they now have. Their solution is to adapt to the environment.

      Unless you are building a list of exclusively buyers, there will be freebie seekers, and in today's landscape, there are even more freebie seekers. Almost half of people open their email on mobile devices, and remember the numbers show that people when they are on mobile click half as often and likely buy half as often. From what I know, very few payment platforms let you track whether the buyers come from a mobile device or a desktop, but I think we all know half of the buyers will not come from mobile, unlike the click stats. So to make money from the freebie seekers, you can sell solo ads and at least earn on the click. Or do ad swaps to get subscribers, so at least the clicks are not being wasted. Of course, some of the freebie seekers will buy down the road, but if you want to profit from almost EVERY freebie seeker that clicks, solo ads is the way. The freebie seekers may not buy from you (at least in that period of time), but they are certainly buying from others.

      I wouldn't sell more than 2-3 solos per week (of course, some marketers do very well selling solos almost daily), the other times you want to be promoting products and providing value. People want to receive the hottest promotions. Believe it or not, if the freebie seekers aren't buying from you, they will buy from the solo buyer that you sold the solo to. I know, because my solo buyers are happy with their solos and have reported a good number of sales. So if they don't buy from you, they get their value somewhere else, you make money on the clicks, and the solo buyer is happy. Everyone wins. Hey, I'm a freebie seeker on a lot on a lists I am on but I am a buyer on some as well. I can't be a buyer on all lists or I will be stark crazy. And even if I am a buyer, I won't buy a product from that list or marketer every day or every week of the year.

      The email marketer's solution can be to profit per click and not waste those mobile clicks. When they get to a desktop/laptop, that's when your promotional email for the affiliate product or your own product does the work. How do you blend all this? You can send two emails per day, one in the morning and one in the night, to make sure you cover mobile clicks and desktop/laptop clicks. You can send one information email/ad swap/solo ad in the morning and do a promotional email at night. Or you can do one email a day, and alternate between swaps/solos and promotions.

      As for ad swaps, the secret is to build up a large seed list first and actually be able to do without ad swaps. Then start doing ad swaps. What do I mean? Your list has to be very strong first and be sending a lot of clicks before you do swaps. If it is only doing 25-50 clicks per mailing, it is not worth it to do swaps, because you will only get back 25-50 clicks per swap (which means around 10-25 subscribers per mailing), and you will take forever to grow. Once you are getting 100 clicks per mailing on your own, then start doing ad swaps, because that's when you are really gaining traction. Otherwise, the time will be better spent on your own traffic generation, building up a strong list first. There is also the concept of click banking (where one marketer sends another marketer a certain amount of clicks and gets that back in future), but I am not a fan of that as it just complicates things, and there is a lot of tracking and chasing involved over a long period; you want it to be as simple as possible.

      It's possible to do about 3 swaps per week, each getting 100-1000 clicks, depending on your list. It is much better than doing one swap per day, each getting only 25-50 clicks. If you calculate the 3 swaps per week method will more often than not get more traffic and more subscribers, while not burning out your list. Doing 12 swaps per month is not going to kill your list, only a percentage will open and click on each email anyway. The rest either miss the email or were not interested in a particular offer. They are not going to sign up for every offer. Anyway, people will sign up to other lists on their own accord if they are interested in a topic.

      A few years ago, the second method would be more suitable as mobile clicks were not really in the equation. These days, the old concept of queuing up 365 emails, one for every day of the year, or even for a month is outdated as you want to be sending current emails. I wouldn't do an autoresponder sequence of more than 7 days. People want current and updated information, as it is the era of Twitter/Facebook feeds, instant information.

      Fabian
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  • Profile picture of the author Not So New
    I know when people first get started they are scared of unsubscribes...

    Unfortunately this is just part of the game and if people really don't want to hear from you then it's better that the unsubscribe instead of staying on your list and not opening your emails.

    This will save you money in the long run : )

    -Shawn
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  • Profile picture of the author empowered34
    Solo Ads Are Great for List Building, Yes, You are on the right track to set up follow up emails in your auto responder. That is Just half the battle. What I find works the best is offer something for free upfront to get them on your list. Then send out 1 email a day that pitches them if you set up a follow up series in your auto responder that should be done automatically. Then send out 3-4 emails a day that communicate to your list that You are going to be there to help them in whatever it is that they are currently doing and what problem is going to be solved if they purchase your product. What happens is that your list gets to Know, Like and Trust You! When that happens more people will buy! The Key here is lead with value and address the issues that your list is currently having and the solution to their problem is Your Product. Best of Luck to You in all of your endeavors!
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  • Profile picture of the author jgant
    Or option 3:

    Create a really good product that helps people that you either give away or sell. Make it clear you're available to answer questions for people who buy/opt in and then help when asked.

    Brand yourself as someone who knows what they're talking about and every person you help will be a long-time fan of yours and many will become friends with whom you can work with for a long time. They will buy your recommendations and your products and as long as your recommendations are solid and your products helpful, you'll continue profiting and building up a group of loyal readers.

    I've tried the solo approach which was not very profitable at all. However, for products I've given away and created that helped people, I've made some great friends who are readers. We email back and forth, Skype, etc. and not only is it fun, but it's a good business.
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  • Profile picture of the author Ben Gordon
    I can tell you right off the bat that you're making a huge mistake getting traffic through solos. You can get some way more high quality, cheaper and more passive and consistent traffic from PPC (Adwords, Facebook, Bing).
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