As you previously discovered in part one of this ongoing series about consistently building a highly responsive and (not to mention) really huge mailing list on a measly $20 dollars a day or less!
After learning the far more enhanced details, that main power headline is not quite as far fetched as it initially seems, is it? In fact; one of the main (and all too common) reasons that far too many beginning on and offline small business owners and or service providers, struggle mightily to consistently build any type of database.
Is because they focus far too much on the actual mechanics of building their list!Huh? Meaning, they stress over which paid autoresponder service to use and whether or not they should test using a popup box etc.
When they need to spend far more creative marketing energy trying to determine why any potential or current repeat customer and or client would actually want to join your list! In other words, spend far more time working on (testing) and improving your irresistible offer!
And it will matter far less, where your actual opt in box is located on your WordPress blog or “where” you actually place your offline (in store “free drawing” sign etc! Think of it from this perspective, if you found a $100 dollar bill today!
Would it really matter to you if you found it stuffed inside a book you picked up to read at Barnes & Nobles or if you opened a delivery from Amazon and it was stuffed inside! Ultimately, who really cares right?
So What Is The Real Secret To Consistently Building A Highly Responsive And Really Huge Mailing List?
(Without Personally Spending A Whole Lot Of Money That You Really Don’t Have!)
So quickly getting back to our (hypothetical) marketing example of the successful local Mom & Pop bakery, that’s temporarily cash strapped.
Although, to use these next two (proven) marketing variations, that doesn’t have to be the case! Let’s say that the Bakeries owners have been local members of the local chamber of commerce for years. Which means over the years they’ve personally established and maintained various ongoing business relationships with several other successful local business owners of all types.
Which explains why one of the co-owners of a local well established appliance center contacts them about a possible joint venture (list sharing) possibility. Here’s what they discuss.
The marketing savvy appliance retailer (currently) knows that on average, they spend anywhere from a low of $500 dollars to possibly a high $1,500 dollars in single day to attract brand new first time customers to (both) their store and or website etc. Through the various forms of traditional advertising methods.
But they’d love to participate in the financial end of the daily free drawing concept that the Bakery is currently implementing. So here’s what they agree to do. Since the appliance dealer can easily afford to invest $250 dollars per week or X.
They give the Bakery the cash each week and here’s (just) a small creative sample of what the Bakery will start doing with the cash. Whenever they contact one of the guaranteed daily grand prize winners about picking up their free dozen X!
They also randomly pick out a few and offer them an additional a totally unannounced free gift! Say what? That’s correct. They’ll offer three of their weekly daily grand prize winners a free $50 dollar gas card! Say what? So they won a dozen free donuts and they also got a $50 dollar gas card to boot! Yep!
That’s $150 of the $250 dollar (weekly) ad/marketing budget that they get from the appliance dealer, in exchange for jointly sharing those names with the appliance dealer.
Now they take that remaining $100 dollars per week (or X amount) and give away 20-90% discounts on any orders of $10 dollars or more! Now entrepreneur, (solely) in the interest of time! Notice what’s really going on here! Three things:
Focus On Why Someone In Your Target Audience Would Want To Join Your List!
(Not Just On The Actual Mechanics Of Building The Actual List!)
A.) First, notice that the marketing savvy Bakery has not increased their own current daily ad/marketing budget by one thin dime! Not yet anyway!
B.) Next: They reached out to another profit seeking local business owner that they already had an established business relationship with, and simply found a way to monetize an asset they already had!
Which in this particular case is their daily foot traffic! And demonstrated it’s potential value to another non competing business owner and created additional upfront cash revenue out of it!
C.) And third.. and far more importantly, by strategically bribing their current daily foot traffic with these fabulous unannounced free goodies etc. They’re literally causing an on and offline tidal wave of positive word of mouth buzz! Don’t you agree?
Think about what’s happening at least three times per week! Three guaranteed daily grand prize winners (also) get a free $50 dollar gas card! Do you think they’ll mention that at work, the barber shop or hair salon. Or while their socializing with friends and family members in general!And or tweet or mention it on Facebook etc! Yep!
All the while, their maintaining their paltry $20 dollar a day add/marketing budget! Or whatever the actual daily dollar amount happens to be! And that’s just the bare bones minimum (front end) marketing surface stuff!
But the main point is, hopefully you can see how any serious (marketing) savvy small business owner and or service provider can consistently build a highly responsive mailing list of 1,000 subscribers or more, in just under 90 days or less! Don’t you agree?
Please list at least two simple spin off concepts (in the comments section below) that you can apply to your business, product or service in the next 30 days or less!
As always, if you got any value out of this post, please Digg or tweet this. Thanks!
And be sure you grab your explosive free 22 step small business marketing idea kit series, because it will help you increase your profits by at least 25% in the next 90 days or less.
And help you master your effective communication in marketing skills.(No matter what your particular niche market is.)
It’s a $97 dollar value and it’s free!
These are some very good tips. I’m in the process of trying to build a bigger list right now. Thanks.
Excellent Jason!
So glad you found some value in the post!
And hopefully your list will be incredibly responsive and generate some serious sustainable income
for years and years to come!
if by investing 20$ we can make profit in business then its not a bad deal..and i love your post you always give useful info to us that help us in may ways.
carnica recently posted…मराठी वाढदिवसाच्या शुभेच्छा-Birthday wishes for friends marathi
Thank you for your extremely kind words Carnica!
And I’m so glad that you got some
value out of the post!
Thanks so much for stopping by and sharing your thoughts! I really appreciate it!
Fantastic example Mark or how JV partnerships can work with bricks and mortar businesses. The fact that you can build a decent sized list with just $20 is an incentive for businesses to start looking around for potential partners.
Sarah Arrow recently posted…How to generate hundreds of blog post ideas (even if you’re too busy to blog)
Awesome Sarah thanks!
And if anybody is capable of doing it, that somebody is certainly you!
So glad you could appreciate just how powerful these so called strategic alliances/JV
can be!
Thanks for stopping by and for continuous support! It’s definitely appreciated!
Hey Mark,
I like this post. There is a lot of great content in there and I can see how your bakery scenario relates directly to marketers. If you could spend the $20 or even $5 daily in a wise and beneficial way, then your results and profits will increase rapidly. Thank you for sharing your tips and tactics!
Kyle Holcomb recently posted…MLSP Review
Absolutely Kyle!
And you being the extremely savvy marketer that you are! You totally
understand that the Bakery could start putting on offline 8 hour
workshops.
Which are physically located outside of their immediate local area, showing other struggling
less marketing savvy Bakery owners how and why, they can and should
be doing the exact same things!
And they could charge (both) an upfront fee to attend the workshop, then negotiate an ongoing percentage
for all the additional profits they help them generate!
And of course at some point they could get some online experts to help them with their digital
presence as well!
Thanks for stopping by and sharing your thoughts! Your positive feedback is extremely appreciated!
Mark,
You provide such easy to understand, concrete examples of clever ways to do joint ventures without having to spend additional money. Problem for many business owners is that they spend so much time on setting up and selling their product that they don’t find time to do the clever marketing needed. To capitalize on a relationship that has already been developed is key to the success.
Thanks for another thought provoking post.
Warmly,
Dr. Erica
Dr. Erica Goodstone recently posted…10 Things Successful Business Practice Is … And Is Not
Thanks Dr.Erica!
Because as I’ve to you mentioned before, you are without one of the most brilliant and
think outside the box “marketing savvy” professionals that I’ve come across yet!LOl!
Thanks as always for your incredibly kind words of encouragement and for real world insights!
And for your continuous support! Both are greatly appreciated!