Help - How much to charge for a solo ad?

16 replies
Hi - need a quick bit of advice folks.

I have a double opt-in list of 6000 musicians that is very responsive. Not heavily mailed and open rates of 25% and more.

I have been asked by two musician focused brands to mail for them and have no idea what to charge.

They each want one email to the full list.

Any ideas please?

Ian
#charge #solo #solo ad
  • Profile picture of the author Alex Blades
    That sounds like a great list. Go to safe swap and see what others are charging for smaller, less responsive list's. You may even want to promote to them yourself and make more money..
    Signature
    " I knew that if I failed, I wouldn't regret that.
    But I knew the one thing I might regret is not ever having tried. "

    ~ Jeff Bezos

    {{ DiscussionBoard.errors[7675716].message }}
    • Profile picture of the author Ian Clifford
      Thanks Alex - I'll do that.

      Anyone else?
      {{ DiscussionBoard.errors[7675761].message }}
  • Profile picture of the author intergen
    Alex Blades is correct - safe-swaps is the spot to check solo ad rates. They are mainly geared to IM products so probably not the place for you to sell solo's but for price comparisons they are a perfect place to check pricing.
    {{ DiscussionBoard.errors[7675995].message }}
    • Profile picture of the author Adrian Jock
      Originally Posted by intergen View Post

      safe-swaps is the spot to check solo ad rates. They are mainly geared to IM products so probably not the place for you to sell solo's but for price comparisons they are a perfect place to check pricing.
      I don't think so. He should check the prices charged by HIS competitors - from HIS niche. These days every man and his dog sell solo ads in the IM niche. Maybe the things are different in his niche and he may (or may not!) charge higher prices It's about supply and demand, not about comparing things from different niches
      {{ DiscussionBoard.errors[7676139].message }}
      • Profile picture of the author intergen
        Yep you're absolutely right. Safe-swaps would be one measure - not an accurate measure perhaps. So thanks for pointing that out.

        Now for a solution - where does he go if that is the wrong place as we are trying to support him in getting a yardstick to price some solo ads, right? He came to the WF for answers - well, for the most part a lot of us are involved in IM. Where are HIS competitors forums in HIS niche? Maybe Ian can answer that better than you or I Adrian?

        Originally Posted by Adrian Jock View Post

        I don't think so. He should check the prices charged by HIS competitors - from HIS niche. These days every man and his dog sell solo ads in the IM niche. Maybe the things are different in his niche and he may (or may not!) charge higher prices It's about supply and demand, not about comparing things from different niches
        {{ DiscussionBoard.errors[7676324].message }}
        • Profile picture of the author Adrian Jock
          Originally Posted by intergen View Post

          Where are HIS competitors forums in HIS niche? Maybe Ian can answer that better than you or I Adrian?
          I never say buy from this place or from that place, I don't like to do that. I usually teach "how to", it's much better for a smart student In this case, I really don't know THE ANSWER. But I know something else...

          He should do exactly what a potential customer (a solo ads buyer) is supposed to do... to search for solo ads sellers from his niche. He can start by searching on Google for newsletters or blogs from his niche. When he sees an opt-in form, he just found someone who has a mailing list. What's next? Keep acting like a solo ads buyer... ask that blogger what would he charge for a solo ad (exclusive mailing, whatever - not everyone outside the IM niche knows what a solo ad is, even if that person sells such ads LOL)

          I hope this helps.
          {{ DiscussionBoard.errors[7676381].message }}
  • Profile picture of the author Kal Sallam
    I would charge whatever I want but be realistic lol
    {{ DiscussionBoard.errors[7676013].message }}
  • Profile picture of the author Greedy
    I agree look at what you competition is doing.

    But ask your buyers if they have talked to anyone else.

    Because they may not know of the competition.
    {{ DiscussionBoard.errors[7676016].message }}
  • Profile picture of the author ezekielseo
    Usually people charge .40 per clicks, but charge much lower when they first start off selling solo ads to gain a reputation.

    I suggest you do the same.
    {{ DiscussionBoard.errors[7676340].message }}
  • Profile picture of the author thedanbrown
    Look into competition, see what the companies want to advertise and then make your decision based on those two factors.

    You might be leaving money on the table if you charge a flat rate. For example, let's say a company is mailing a direct offer to them, what you can do is join their affiliate program and promote yourself if you figure you will make more money than the flat rate...

    What to do if the company doesn't have an affiliate program?

    EVEN BETTER! Tell them that you know many list owners in the industry and you would be willing to joint venture with them in return for a commission. Tell them you can set up an affiliate program for them so that they can attract new affiliates whenever they want, you can choose to charge them or not for that (you can sign up free for jvzoo to run the affiliate program) and then you do a promotion with them.

    After that what you can do is act as a broker and organize deals with the music company and other list owners in your niche and get a referral fee...
    {{ DiscussionBoard.errors[7676412].message }}
  • Profile picture of the author paul nicholls
    If you want to charge the same as the IM industry then you will be looking at around:

    $50 - 100 unique clicks
    $90 - 200 unique clicks

    this is about the average in the IM niche but you basically charge more if you think
    you have a higher quality list
    {{ DiscussionBoard.errors[7676514].message }}
  • Profile picture of the author sethriley
    Most Internet Marketers are charging anywhere from .35 cents - .70 cents per click. These are SINGLE OPTIN lists and they are not anywhere as responsive as your list.

    Lets just say for a single optin list you wanted to meet somewhere in the middle at .50 cents per click. But your list being DOUBlE OPTIN means you have worked a lot harder to build a real relationship with these people, as you said you are getting a 25% open rate.

    That's a very responsive list and if I were you I wouldn't sell a solo for any less then .80 cents per click.

    I sell solos as well and I charge .42 cents per click, so I do understand how to price these.
    {{ DiscussionBoard.errors[7676614].message }}
    • Profile picture of the author Ian Clifford
      Guys - thanks to everyone for all their very valuable advice.

      I'll have a deeper trawl through my own niche and see what is available at what cost and price accordingly.

      Ian
      {{ DiscussionBoard.errors[7678248].message }}
  • Profile picture of the author Andy Fletcher
    Use the Google Adwords tool to get PPC cost estimates for various terms in your niche. For a responsive and under-utilised list like your's a personal recommendation can easily be worth as much some of the higher paying PPC terms.

    That said, such solo ads are only worth what your customers can afford to pay, not the market in general, so you'll probably find you have to come down a chunk from the higher paying terms.
    {{ DiscussionBoard.errors[7678276].message }}
  • Profile picture of the author khooster1
    I think you can probably charge highly for your niche list.
    Your ticket item is more higher than IM niche in Safe -swap.

    I suggest you charge like a CPA method. You probably can earn more that way.
    {{ DiscussionBoard.errors[7678303].message }}
  • Profile picture of the author isaacsmithjones
    Hi Ian,

    I agree with Andy.

    Safe-swaps is gonna be a really awkward source of information, because most people on there aren't in your niche. I'm guessing there is MUCH less competition as a solo ad seller in your niche, so you can charge more.

    If people in HIGH COMPETITION IM stuff can charge $0.60 per click, it would be a good idea for you to check out what adwords are charging per click for your niche, and use that as a guide.

    Hope this helps,
    Isaac
    Signature
    Why wait for sales to earn an affiliate commission?
    Earn up to £20 per phone call as a MyCallPartners.co.uk pay-per-call affiliate!
    {{ DiscussionBoard.errors[7691980].message }}

Trending Topics