Email marketing is designed to help established businesses connect with their customers on a regular basis – whether it’s through promotions, sales or a friendly newsletter. But in some cases, email marketing can actually be your business.
There are plenty of big sites out there that began their business as an email list. How did they do it? Can you do the same with your own list? Let’s look at the ins and outs and important considerations of using your email campaign as a business venture.
Every business venture starts out with a plan. Even if your mailing list is your business, you still need to plot out how the content of your emails can earn you money.
Your email content is your product. And just like growing a business, developing content that’s worth paying for takes time. Get feedback everywhere you can – from friends, from family, from current email subscribers. Making email your business takes hard work and testing.
A quick disclaimer: Keep in mind that a lot of these companies we’re using as examples aren’t relying on an email campaign as their sole source of income. Many of the people who started these lists own (or work for) other businesses. But they do serve as examples of earning cash on the side with your campaign itself as your product.
So what kind of content works when you’re emailing for a living?
What Can I Send?
Plenty of websites have built their businesses on an email campaign. Let’s take a look at how some of these companies make money with their mailing list.
Email Magazines With Advertisements
Daily email “magazines” – like DailyCandy, Netted, Now I Know, Thrillist and TThor – are popular formats that attract both subscribers and advertisers. They can range from bite-sized snacks of what’s happening in your city to longer editorials that enlighten your readers.
Many of these examples are curated links and information, but some – like Now I Know – are originally created editorial content. Creating vs. curating is up to you and the focus of your newsletter. Some content lends itself to curating – like a daily news roundup – while other content is better off produced editorially.
Monetizing an email magazine like this means selling ad space and sponsored emails. And that means your content needs to be good enough to attract enough subscribers to make your list size attractive to advertisers.
Netted uses inline ads in their emails:
DailyCandy opts for dedicated emails from their sponsors:
…and TThor features a sponsor at the beginning of every email:
Do you have email content worth paying for?
EnviroPolitics is a paid subscription newsletter run by an AWeber customer. EnviroPolitics compiles daily environmental news updates for political professionals in New Jersey, New York and Pennsylvania.
For $30 a month, subscribers receive daily highlights of environmental policy news in the tri-state area – well worth the money for professionals who don’t have time to scan newspapers and RSS feeds.
If your list isn’t big enough to reel in sponsors or advertisers but your content is pay-worthy, you might consider a paid subscription newsletter like EnviroPolitics. Offer a trial period first to show subscribers the quality they can pay for:
Maybe you’re more of a teacher than an editor. If that’s the case, structure an ecourse in an area you’re knowledgeable in. Whether it’s blogging, knitting, home repairs or wedding planning, if you know enough about a topic to run a several-week course, you can easily earn some money from your list.
Make your class worth paying for with some of these enhancements:
- Bring in an additional expert in your field (or a complimentary field).
- Make it a multimedia experience. Include instructional videos or live chat sessions so your subscribers can get the most value for their money.
- Offer exclusive material – like an ebook – that your subscribers would normally have to pay extra to download. Include the resource as a free gift with tuition.
Set up your course as a series of autoresponders. Then subscribers can sign up at any time and you can continue generating income from your class. Collect payments through PayPal and set up a PayPal parser on your class list so that the people who pay for your course are automatically added to the list.
If you need some inspiration, check out Offbeat Bride’s 5-week wedding planning ecourse. Here’s a sample of their sales page:
All of the examples above have one thing in common: They offer valuable information to subscribers. Whether it’s trendy hotspots in town or an in-depth online class, the email examples shown here are useful and informative. If your email content is your product, make sure it’s worth paying for.
DailyCandy’s founder didn’t start looking for advertisers until a year after the newsletter launched. She wanted to make sure her content was killer enough to keep subscribers hooked before making money from the venture.
Approach your email enterprise the same way. When you focus on quality before payoff, the rest will follow.
Have you tried generating money from your email campaign? What’s worked – or not worked – for you?