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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