I did some calculations. I wanted to know how big of a list I would need to make a million dollars at the push of a button. I suck at math, but somewhere I must have read how to figure this up. Hopefully I got this right.
So in this example, I assume two things. One, I pick a product to promote that will make me $100 per sale, and two, my conversion rates are at least .02%. Apparently that is the conversion rate you can expect to sale on average (assuming 2 out of 100 people buy). So, I take 1 million (1,000,000) and divide it by 100, which is what I make on each sale, I get 10,000. And if I take 10,000 and divide it by .02, for my conversion rate, I get 500,000. So, If I have a list of 500,000 people I can expect to make $1,000,000 with a blast email promoting a product that earns me $100 per sale.
So basically, as long as you have a product that makes you $100 per sale and your conversion rates are at least average, you can simply take the size of your list and multiply it by 2 and that should give you an idea how much money you can expect to make from a blast email promoting that product.
I just wanted to share that. Anyway, I have a related question. Today I heard about a product called emailscraperchief that supposedly allows you to quickly scrape targeted email addresses from I guess different places on the internet. I'm just wondering what some of you more experienced folks think about software like that. Because if it really works it means you could really cut down on the time it takes to build your list. I would be afraid that the email addresses might not be targeted enough though. But they claim that they are. What do you think?