Monday, August 11, 2008

List Building Techniques That Generate Huge Profits

If you have an online business, you must be aware of the importance of list building. It can catapult your future business prospects and generate huge profits. Usually, a good list will account for over 80% of the profits made by any marketing organization.

If you have an efficient list building strategy, you should be easily able to increase the size of your list by ten or more subscribers per day. So, if you make about a dollar every month from each of your subscribers, it can add up to a substantial monthly income. And after a couple of years, the numbers can mean huge profits and can easily surpass what you make in your day job.

Now the million dollar question is; ‘how to do I build a good list?’ The basics are simple; first of all, you need to promote something popular to attract people to your website.

A great promotional strategy in this regard is the use of a free promotion. People love to get items with a high perceived value for free. Free ebooks, reports, and ecourses work very well for this purpose.

And after someone subscribes to your list, continue to give them plenty of valuable free gifts. This will ensure that your subscribers will open and read your emails.

Many marketers make the mistake of only sending out emails that sell, sell, sell. This strategy has never worked and often results in large numbers of people unsubscribing from your list! A good rule of thumb is to send out one promotional email for every three information or free gift emails.

A good technique that works well for me is to send my list some of the articles that I write. Then, at the bottom of the email, I include a link for a related product that I like. This provides my subscribers with tons of free information and allows me to let them know about a product that I endorse. It’s a win win situation.

But the bottom line is, the better your list, the better your bank balance! So what are you waiting for? Get working on that list right away and start making some huge profits!

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