07.08.07
5 Proven Ways to Generate Extra Cash with Your Opt-in List
Apart from marketing your products and services, an opt-in list can also be used to generate extra cash. However, not all lists can be used for such purposes. The first thing to do of course is to build a list with a large number of subscribers.
More subscribers obviously mean more opportunities for you to generate that extra revenue that you needed. Here are five proven ways to make extra profit using nothing but your list.
#1 — Place Advertisements
There are a lot of companies who are willing to fork out cash to place their banners and ads on a list with a huge number of subscribers. Advertise your list to these companies and prepare a few packages to suit their needs. Try not to sell or rent out your list as this may turn off your subscribers, which may result in a large number of opt-outs.
#2 — Build Affiliations
Hook up with other companies that have the same interest to your niche. These companies will give links and descriptions of their products and services. Every click made on the link from your newsletter that directs your subscriber to their website will result in a form of payment.
#3 — Ask For a Commission
Try to forge a deal with other companies by asking for a small percentage of sales that are made through your list. This is affiliate marketing at work and has proven effective for the past few years. However, be careful to ensure that you can track the links that your subscribers click on right up to the sales confirmation page. A bit of programming is involved here.
#4 — Get Products from Other Sites
You can also get products from other websites on a consignment basis and sell them to your list through your newsletter. Put in product reviews, testimonials, articles and photos of the product in your newsletter. When someone orders the product from you, simply go to the product owner and sell it to your buyer at a mark-up price.
#5 — Sell E-Books
Sell your e-books or a compilation of your articles to your subscribers. How-to articles and manuals are in great demand. A lot of people are willing to pay money to gain extra information on a certain topic or subject. Since your existing list has trust your expertise in that niche, an e-book could be offered and sold or used as a bonus.
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