Email Marketing for solo biz owners
Size doesn't matter, it's what you do with it!
What am I talking about? π€
β
Your email subscriber list, of course!
β
I see a lot of email marketers get caught up in a never-ending chase for more and more subscribers, whilst failing to generate any real value from the subscribers they already have.
β
Let me give you an example:
β
A few months ago, I had a chat with a prospect (I won't name her) - let's call her Alexa (not her real name).
β
Alexa booked a call with me, with a view to me helping her "grow her email list".
β
We met and chatted for just over 30 minutes - she's lovely, great at what she does, and is extremely driven to take her business to the next level using email marketing (great idea, btw!).
β
During our chat, I asked her what her main objective was for her email marketing, she explained that she wanted to grow to 10,000+ subscribers - she'd seen others in her niche do similar so knew it was possible.
β
But therein lay Alexa's problem...
β
When I began to dig a little deeper into her current revenue model, it turned out that she was not actually generating any real revenue from her existing email list (approx. 2.3k subscribers, at that time).
β
So, I asked her... "Do you believe that by growing from 2.3k to 10k+ subs, you'll be able to generate the revenue you're looking for?".
β
There was a silent pause. π«€
She hadn't stopped to consider her actual problem - generating income!
β
The 2.3k subscribers she had then were bringing in almost zero revenue - but that was down to Alexa not implementing proper email marketing strategies, even after doing the hard work of attracting people to her list!
β
So, the most critical component of every successful email marketing system is how to monetise it - not how to grow it!
β
What would you rather have - 1k subs making $5k/m, or 10k subs bringing in $0k?
β
Yeah, me too. π
β
P.S. Since that first call, 'Alexa' has become one of my valued 1-2-1 clients. The first thing we focused on was monetising her existing list.