Tag Archives: building your email list

Why You Need an Email List for Your Business

Why You Need an Email List for Your Business

Successful small businesses use email as part of their digital marketing strategy, that’s a fact. It’s low cost, has a limitless reach and a high return on investment.

A small business can’t really run a digital marketing campaign without an email list. It’s similar to going to battle without your artillery. Save for a miracle, you’re never winning that fight.

Here are just a few reasons why an email list is crucial for any successful business.

Besides Your Website, it’s the Only Marketing Tool you Own

Think about it for a minute. A digital marketer depends on several tools to run a successful sales campaign. These include search engines and social media networks.

Have you ever thought that you don’t own these tools? If Facebook feels like it, they could suspend your account or close it altogether? Google has done it many times, same with Twitter.

The only two items you really own are your website and the email list. They are the only two things no one can take from you. Do everything in your power to guard them.

A Properly-Maintained Email List Makes Marketing Easy and Cost-Effective

The average SMB spends $75,000 on digital marketing, or just over $214,000 on marketing yearly, representing up to 12% of revenue. A solid email list can significantly reduce these costs as well as simplify the marketing process.

Here’s why. Email is the king of business communication. According to Exact Target, 46% of consumers prefer emails, 36% prefer text, and only 13% prefer social media. And sending email is extremely affordable even if you hire a specialist. And email providers charge peanuts for their services. AWeber, for instance, charges $30/month.

Above all, with an email list, you have a sales-ready market. You’re not making cold calls. Put these factors together and you’ll see the high ROI potential of a great email list.

Email has the Potential to Become a Large Part of Your Income

You might not believe it, but there are people out there who make quite a bit of money on their email lists.

Michael Hyatt is the perfect example. An award-winning author of a best-selling book, Michael openly says that his email list is his biggest asset. “It is my number one business priority and asset,” he says.  “This multi-million dollar business wouldn’t have come to be without my email list. The list accounts for 90% of my income.”

A strong email list can become a key source of revenue for you too.

So, Grow Your List to Grow Your Business

When your email list expands, your business grows. Why? Because you’re adding more sales-ready leads to the funnel!

Why People Unsubscribe from Your Email List

Why People Unsubscribe from Your Email List
It’s challenging enough to get people to subscribe to your mailing list, so when they start unsubscribing at a noticeable rate, it’s hard not to worry. Are you doing anything wrong? The likely answer is yes. But don’t fret! The usual reasons people unsubscribe can be addressed in the following ways:

Reason: You send too many emails

Whenever people access their inbox, they have several messages from you.  If this happens too often, they start feeling overwhelmed. Tired of deleting emails, the only other way out is to unsubscribe.

Solution: Give delivery options.

Let people choose how often they hear from you. Some prefer weekly; others want monthly. Some want to be updated right away, while others just want a summary of highlights. Different strokes for different folks, so provide several options they can choose from. And stop sending messages several times a day!

Reason: You send too few emails.

Not sending enough emails is just as bad as sending too many. When people hardly hear from you, they don’t remember they subscribed, so they unsubscribe or even worse, report you as spam. As expected, balance is important.

Solution: Stick to a consistent schedule.

Life can get in the way of email-writing, but try to follow a publication schedule. Even if you send emails twice a month, it establishes a pattern people can recognize, and they know when to expect to hear from you.

But what if it isn’t you, it’s them? There’s still something you can do:

Reason: They signed up by mistake.

It’s easy to click on the wrong buttons on smartphones and tablets. The result is people subscribing to newsletters they never intended to join in the first place. They only realize what happened when they get messages from you.

Solution: Use a double opt-in form.

These people aren’t major losses because they won’t become conversions, but they skew your marketing data. To prevent accidental signups, use a double opt-in form that confirms their subscription.  This ensures that all members of your mailing list are either potential or existing customers.

Reason: They canceled by mistake.

Again, we can blame the small screens of mobile devices for the increasing number of accidental cancellation.  People who don’t plan to unsubscribe still leave your email list because they didn’t realize what they’ve done. They’ll just wonder why they haven’t heard from you and assume you’re too busy.

Solution: Use a double opt-out form

If you ask people to confirm their subscription, then it makes sense to confirm their cancellation. Otherwise, you’d lose a good lead, and that’s a shame. Only those who intend to leave your mailing list will go through the whole process of opting out.

Reason: Your content is too sales-y.

People who knowingly joined your mailing list did so because they want to get relevant content from you. So if you bombard them with ad after ad and not much else, they’ll unsubscribe.

Solution: Deliver content your subscribers find useful.

Soft sell is the way to go when communicating with your subscribers. They’re more likely to respond positively if you give them what they want first, which is information they’ve been looking for.

Building your mailing list is not just about getting new subscribers. It’s also about retaining the ones you already have. Work on both, and you’ll see considerable growth in your subscriptions.