7 Proven Ways to Make Money with Your Email List

7 Proven Ways to Make Money with Your Email List
This video is brought to you by OptinMonster. Use OptinMonster to convert and monetize your website traffic and grow your email list. Just click on the link in the description below to get started. The first 200 people to use the coupon code WPBVIP will get 25% off OptinMonster. Okay, now we get to talk about a fun topic.
Everything else was fun too but this is a way for you to make money with your email list. Now I also want to share a word of caution. You want to make sure that you're also providing value when you're sending out email so don't make every email a sales email. You'll want to look at doing something like a ratio of four or five to one meaning for every four or five emails of information and content that is helpful to the user, you can send out one email that is sales related in some way and so let's discuss some of the ways that you can do that. First thing you can do is you can recommend projects.
This is also called affiliate marketing where you'll send out an email of maybe one of your favorite products that you have used for ever and you want to share it with them and then you add an affiliate link within the email so that they, when they click on it, when they buy it you'll get a commission. Now you want to be careful because some affiliate programs such as Amazon don't allow you to put affiliate links inside your email so you'll have to get a little creative where you talk about the product, send them to your website that has the affiliate links, and then they can click on from your blog to then go. There are others that they don't care, you can put an affiliate link in the email and it's okay so just check with your affiliate program manager or the affiliate program to see what the requirements are for affiliate marketing and this one is probably one of the easiest ways to set things up just like with growing your website and your blog and making money with your blog.
Having affiliate products and ads on your site are probably two of the easiest ways to get started with making money the same thing goes with having affiliate products and suggesting them in your email is one of the fastest ways to make money with your list. The next way that you can make money is to get email sponsors and basically this is just, you have a list of a targeted audience and you know someone, you partner with a company or another website where they need to get in front of that target audience and so they sponsor an email that you send out to your list and it's usually a product that they want your target audience to go and purchase.
Here's an example of one Tim Schmoyer from YouTube creators he is talking about a particular product that he wants to introduce to his readers and you see at the bottom it even says that it is a sponsored email and you'll want to make sure that you showcase that is a sponsored email somewhere in the email for FTC purposes like he does here but you see it's a great way for him to introduce something that his audience probably already wants or already needs and this email, this sponsored email allows him to offer that and then he'll get a commission if they buy.
So getting sponsors for your email is really a great way to make money and it's a one-off thing unless it works really well then the sponsor might continue to sponsor all of your emails where maybe you just put a little link at the bottom. Next you can also sell your own product and for a lot of bloggers or a lot of people with a website, that is their ultimate goal. You're building up your email lists so that when the time comes you sell your own product and this is either a physical product that you've made you can do drop shipping that you sell somebody else's product or e-commerce but most of the time this is just you selling your own product. Something that you have created and that flows really nicely into number four where you're offering an eCourse.
Maybe you take a product like an e-book or something like that and you build it up into a video tutorial with downloadable items where you're taking them from a pain point to a solution point and you're offering the information to them and offering it as an eCourse through your email list and then once you create the product or you create the eCourse then you can start using your Thank You page to sell the product so that's the next tip.
 
Don't wait for them to be on your email list for a long time you can immediately once they sign up to be on your email list, most people simply send them to a really short thank you page. Create a really valuable thank you page where you're showcasing what you can offer and possibly even sell your product to them or at least introduce your product to them and give them the opportunity to purchase that product on the Thank You page.
The next one I think is a really neat idea and it's basically creating a paid email subscription model. I think this works more in industries where the topic that you're covering changes a lot and so you're keeping your readers on top of the information and here's a great example.
Marie Haynes she is in the SEO industry and she has created a really great paid email subscription model where, and it's a two tier, you actually are, you can be on the list as a free member and then also as a paid and basically the free member just doesn't get as deep of a dive as the paid members and this comes out monthly.
What I think is great about this is it gives everybody value whether or not they are paying but it also gives the free members a chance to bump it up to a paid email subscription model where then they're getting a little bit more information in the topic and I think for Marie she gets a better idea of how much she'll be making each month from that model. So thinking ways of how can you create a paid email subscription model for your readers as well. And then finally one of the easiest ones to do is if you have an e-commerce site sending an email to abandoned shopping cart people is a great way to recoup some of the money loss when people go to your ecommerce store, add something to the cart, and then they leave without ever making a purchase. If you're able to do that it's not uncommon to recoup as much as 10 to 20 percent of the people who had already abandoned and so those are seven easy ways that you can incorporate making money with your email list.
Thanks for watching and don't forget that this video was brought to you by OptinMonster. You can use OptinMonster to convert and monetize your website traffic and grow your email list. Don't forget to click on the link in the description below to get started because the first 200 people who use the coupon code WPBVIP will get 25 percent off OptinMonster. So question for you, which one will you work on today and get started with making money with your email list? Let me know in the comments below.

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