You might also think it will take a lot of hard work to get people to buy. You know that you can’t just send them low-grade content and expect them to buy simply because you sent them an email.
And if you think these things, you’re right: building a list is very hard and making sales from lists is also hard. It takes time and it takes attention to detail to do things right. And this is exactly why many internet marketers never do it.
But that is their mistake. You aren’t going to make that same mistake. Building a list and marketing to it is one of the most profitable things you can do in internet marketing.
So why is building an email list a good idea? There are many reasons, but these are probably the most important:
- A mailing list is the internet marketer's Major Asset -- "The Money is in the List,".
- Building lists allows you to reduce the cost of acquiring new customers. Contrary to what you might think, it is much, much cheaper (on a unique-sale basis) to presale and pitch to one person until they buy than it is to pitch to different people until one of them buys.
- Building lists allows you to maximize the profit that you generate per customer.
- Having a list means that you can participate in major launch events. Next time there’s a big launch, you can benefit by being one of the first affiliates to offer the product.
- Having a list allows you to test your copy. With a captive audience, you can run controlled experiments to test your copy’s conversion rate before you pay to send the same advertisement out to a larger audience.
- Having a list allows you to bring more to the table in future joint venture partnerships. Rather than simply offering to do part of the product-creation work, you can now offer to market the completed product to your list.
Also, email marketing is by far the most powerful form of online marketing. It’s been proven over and over with successful marketing campaigns.
The most powerful tool in internet marketing is a well-devised mailing list.
For these reasons and many, many others, list building is one of the most profitable things you can do as an Internet marketer. Not only will it help you to monetize your current sites better, but it will also open up new avenues for partnership and marketing.
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