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Build Your Email List Value Today

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November 17, 2010

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It’s amazing how few people consider their email database to be their most important business asset. Though businesses come and go, if you treat your customers and peers and colleagues and competitors and friends as an important relationship, you always have something. When money comes and goes, it’s the relationships that will help you find the next opportunity. 

 

Here are some thoughts on building email lists and keeping them valuable:

 

Ask All the Time

Always be growing. Make sure you ask at every turn for people to subscribe for free to your email newsletter. Put it in the signature file of your email. Ask every time you make a sale. Make that the ask you put forth at social gatherings. Put it on your business cards instead of the other 300 links you seem to think you need. Ask all the time. If your list provides value to people, don’t be shy on asking.

 

That said, never EVER add someone to your list without them opting in. Just because you have my email address, it doesn’t mean you’ve got my permission to add me to your database. This is a KEY value and is VERY important, and if I could highlight this entire part of the post yellow, I would. Please take this to heart. Adding people without asking violates the canned spam law, for one thing, but it’s scummy and ingenue, and it won’t get you a buyer.

 

Deliver More Value Than You Ask For In Return

Where most newsletters go wrong is that they are often just glorified product catalogs. If you’re writing only about your products, if you’re bragging about your services, if you’re just talking about your own offerings, you’re missing a great opportunity. The more value you can give to other people (and by value, I mean information or ideas that they can use whether or not they buy your products and services), the more yield you will get from your list.

 

For instance, if you sell pool supplies, write often about ways to do more with your pool. Write about non-commercial tips on improving your pool’s quality. If you sell legal services, give people pointers to stories that might help people make better decisions. Sometimes, and you can set the frequency, don’t even ask your readers for anything except the amount of time it takes them to read the newsletter. Want to stun people? Stop beating them over the head with sales requests every time you send mail.

 

Consider Brevity

The shorter your email, the more likely it’ll be read in its entirety. Think about it. You don’t have time to read 1,000 words, do you? Why give people 1,000-2,000 words when they can’t manage it? Look at the most successful commercial email marketers right now, and they’re writing no more than 500 words in a message.

 

Brevity rules.

 

Make Your Ask Clear and More Than Once

If you do have something to ask, then don’t mince it. Just ask. And if you want better success, make the call to action at the TOP of the email as well as at the bottom. Be very clear on what you want. “I’m asking you to buy our new version of software, because I know it’s going to change how you do business.” And then, after you’ve explained why (briefly!), ask again at the end. In the first ask, I’d put a link to the purchase opportunity, just as much as I’d add a button or link at the bottom as well.

 

The main point here is not to waffle. If you want someone to buy something, just ask. Be honest and genuine about it. It helps.

 

Ask for Referrals

Don’t be afraid to ask your existing list to refer you to more people who might benefit from what you’re doing. If someone’s enjoying your email newsletter, or finding it useful, make it easy to share. My email service provider, Blue Sky Factory, even adds social sharing buttons at the bottom of every mail I send, so that people can share with their Twitter, Facebook, LinkedIn or other community. But even if you ask within the body of the letter, you’re getting to the point I think will be useful.

 

Invite Unsubscriptions

Okay, I know this is crazy, but it’s also very valuable. Be sure to invite people to unsubscribe from time to time. The reason, as you might have guessed, is that a committed list is much better than a list that’s just hanging on for no good reason. It’s far better to know who might make a good prospect than to think you’ve got a fat, happy list. I say invite unsubscriptions. It’s up to you to fight with me in the comments section on this one.

 

Your Mileage Will Vary

Your list will be different than mine. It’ll explain what it wants, either by unsubscribing in droves, or by taking action when you write things in a way that makes the best return. Realize that it will take testing and old fashioned asking to know what your list wants most. But the more time and effort and attention you give to your list, the more wealth you’ll get back from this effort. Try it. What’s the worst that will happen?

 

Chris Brogan is president of Human Business Works, an online education and community company. His newsletter about personal development and business growth is here. He’d love it if you subscribed. 

What do you think?

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Join the conversation ( 7 )

  • David Almeida 1 year 6 months and 13 days ago

    David Almeida

    Chris,Excellent post and great suggestions. I do take issue with your assertion that an unsolicited commercial email violates CAN-SPAM. It does not. While many EU countries (and elsewhere) have passed laws requiring affirmative consent (opt-in), CAN-SPAM does not require that. Rather, as long as the sender clearly identifies itself and its physical address and timely honors any unsubscribe requests, businesses may send UCEs (they also need to make it easy to unsubscribe - 1 or 2 clicks). This does not mean that it is a best practice (your underlying point - unsolicited emails for the sake of sending emails will not yield many qualified leads). However, the assertion that CAN-SPAM is opt-in is a common misperception. Text (SMS, MMS) messages are an entirely different issue - under the TCPA, they do require consent.

  • Bryan Vartabedian, MD FAAP 1 year 6 months and 14 days ago

    Bryan Vartabedian, MD FAAP

    I'm just figuring this out now. But offering folks to unsubscribe gives them an out and it keeps your list pure. I'd rather have 500 people who want to hear my message than 5000 who really don't care.Nice post

  • Martha Stem Gagarin 1 year 6 months and 14 days ago

    Martha Stem Gagarin

    Thanks Chris - as always, good stuff and great to be reminded...whether its for a referral or a call to action...."if you don't ask...you don't get"

  • Brian Hayashi 1 year 6 months and 15 days ago

    Brian Hayashi

    Twitter has shown people appreciate more granular control mover how they receive messages. In addition to a clearly-marked 'Unsubscribe Now' button, how about options for 'Send Email At These Times', 'Send Only Transaction Receipts', or 'This Isn't What I Expected', an opportunity to get feedback?Thanks for another thought-provoking post!

  • Brian Hayashi 1 year 6 months and 15 days ago

    Brian Hayashi

    Twitter has shown people appreciate more granular control mover how they receive messages. In addition to a clearly-marked 'Unsubscribe Now' button, how about options for 'Send Email At These Times', 'Send Only Transaction Receipts', or 'This Isn't What I Expected', an opportunity to get feedback?Thanks for another thought-provoking post!

  • J. Michael Cavitt 1 year 6 months and 15 days ago

    J. Michael Cavitt

    Chris, once again, you bring my attention to something important in my business.Michael CavittReducing ambiguity. Increasing results.www.cavittassociates.com

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