How do I monetize my list?

I would give the a lot of free content and put show that you really care about their success......

Offer to help them with their problems and show you are a trusted partner not just trying get sales from them.

The more care and trust you show them more sales you will make.

Focus on really helping them.

It's more work, but you need to be offering them your own products, not just affiliate products. And make sure that your list get better deals on your own products than anyone else.

Build a product launch slowly over a period days, rather than darting about from product to product. You're sending emails to marketers, most of them will be wise that all you want them for is affiliate commissions. And, if you use 'copy and paste' affiliate emails, get rid of them. You need your personality to go through.

If you're not so good as product creation then pay someone to do it for you. With a 2000 person list, there's no reason why you can't pay for a product to be produced, and immediately launch it, with an exclusive to your list, and make a profit above your outsourcing costs.

Thom

Thanks for the insight Joe - so this is what I am thinking:

- Send them a survey
- Send an open email asking them to tell you what their problems are / how can I help them
- Offer to do a free webinar
- Send them more free content (of course)

Any other cool ideas anyone?

Hey, for starters...CONGRATS!

You're in the 0.0000001% of people who make money.

For starters, what I'd do is for your promo emails...segment your list to people who haven't opened the email the first time. So if you're getting 1-2 sales off your clicks...you segment it to get the people who missed it the first time.

This will instantly make you more money just doing what you're doing already

I'd also look up instant commission products to get cash flow coming in right now today from sales. This isn't exactly how to make "more" money but you get your money sooner so that's a good thing.

I'd also create your own little "weed out" products for $1-$7 that generate a bit of money but also get you customers. As long as you add value to them they'll buy your stuff in the future...higher conversions since they have proven they're buyers

Those are 3 things I'd do right now with what you have going (2k list) to make some more revenue.

If you have any other questions...feel free to PM me!

Cheers,

Brad

Stop selling so much. You're promoting 5 days a week and provide 1 day of content. Even if you are including articles and content that leads to a sales page of some sort, it's too much.

Your list needs to be excited about your next email. For every 5 pieces of GREAT content, you can include 1 promotion that will put money in your pocket.

The IM niche is full of people who over sell and just push product after product. It's hard enough having an IM list because they know what to expect..they can see past your promotions...and they get a million of emails just like yours.

I build trust with my list. Provide only great content and if I have something that I think will truly increase their business, I promote it.

Travis

I too, would say, ease up on the promotion emails. It seems like you are sending too many, so slow it down a little bit. Send 3 times a week with offers, max. If you send any more emails, make them worth something and give out free info.

You have a good sized list there. You can start doing some adswaps with other marketers to build your list even more. I would start trying to do at least 2 adswaps a month and build it up. After a while, you should have a good sized list that will buy from you.

It's important to build trust. Let them trust you and they will buy from you more. Trust and likeability are huge in sales. So if they trust you, like you and you provide them with good content, sales should go up.

Good luck.

Maybe you should watch the part of your free 6 step video course that deals with monetizing your list via affiliate marketing. :p:p Seems you have the list building part down though. Way to go.

Really though, how has the response been to your video course? Have your subscribers given you any feedback in regards to what they liked most, what they didn't understand, what they would like more in depth explanation on, etc.?

Oh, and do you have affiliate links promoted within the course (autoresponder, hosting, domain registrar, etc.)?

I don't want to sound like I'm beating a dead horse here but monetizing an IM related niche can be really tough.

a) You are mailing to people on a daily basis that are constantly receiving training on how to do exactly what you are doing. If they are paying any attention at all to the material that's being thrown at them, they will understand that you are trying to constantly sell to them. Many will understand your methods and tactics and begin to become immune to them.

b) These people are seeing anywhere from 5 to 200 new products about how to make money online every single day. It becomes hard for your e-mails to stand out among the thousands of other people who are teaching the next hot method for making money online.

c) 99% of the people on your list are probably in the information overload stage. They see so many products thrown at them that they follow none.

d) Many people see how to make money online products as scams. They don't convert nearly as well as niche products because everyone is (rightfully) skeptical.

Now... Having said that... I, myself, have a very large list in the make money online niche. There are ways to overcome the inherent issues with the niche.

1) Focus on creating fans (as opposed to customers). To do this offer a ton of free content. Create blog posts, videos, reports, interviews, etc. and just give them out to your list. Get people looking forward to your next e-mail. The more value you give away, the more anxious they will be to open your next e-mail. Eben Pagen says "Learn to love getting the short end of the stick". Way overdeliver on everything you do and you will create fans.

2) Create your own products. Having your own products to sell to your list goes a long way for your credibility. The product doesn't necessarily have to be a "How to make money" product. That, in fact, would be very unethical if you aren't actually making much yourself yet. You can, however, make products relating to what you do know... Think of things like SEO, creating videos, building a list, or creating a website. Those can all be successfully sold to the IM niche and don't require any claims of income earned.

3) Really look out for your list. People do adswaps and affiliate promotions without ever looking at the product. This is pure crap and these people obviously don't value their list for the true asset that it is. Really look in to everything that you promote. Have very high standards for the things that you actually mail about. You wouldn't recommend an investment to your mother that you haven't thoroughly looked through yourself... Don't recommend products to your largest asset without knowing a little something about what you are promoting.

If you do these things, you can look forward to having a responsive, happy list of fans. When you start seeing the same exact people buying every single product that you recommend, you'll know that you've created fans.

Matt

Best advice I can give is start promoting your own products, even if you have to use plr products that are low priced. Put your own name on it and then your customers will see that you care about them giving them quality low cost offers.

THis way you can gradually make your products more expensive.

Email Marketing can help you to increase your revenue and margin if you:

- Know how to target the right people,
- With the right message
- and the right KPI

This is the key to a successful email marketing campaign

With the power of the new iphone, and droidx, it would be simple to take some quick videos of yourself giving a marketing tip or motivational tip. Breed familiarity with your list so that they can put a name and a personality with your face. Be a friend. Everyone buys from there friends.