How to make money with email marketing (10 expert methods)

In terms of generating revenue on the internet, the most potent asset you possess isn't social media, SEO, or paid search advertising. It's email.

According to McKinsey & Company, a management consulting firm, email marketing boasts the greatest conversion rates of any marketing avenue. In reality, email transactions are three times more lucrative than those that occur on social media.

So email marketing is an effective way to connect with your audience and build long-term relationships. However, it can be difficult to determine how to monetize your email list without coming across as pushy or spammy. In this article, we'll go over some effective strategies for monetizing your email marketing campaigns.

Why is Email Copywriting Essential for Freelance Writers?

Email copywriting can be the game-changer for freelance writers looking to establish themselves in the writing industry and earn a living quickly. It offers multiple advantages that make it an excellent choice for writers:

1. Easy to learn: You can grasp the fundamental concepts of email copywriting within a week. In fact, some individuals have become competent in less than a week. It is an easy-to-learn skill that can benefit your career.
2. Fast turnaround: Writing an email may take an hour or two, and as you gain experience, you will get faster. With enough practice, you can write an email in as little as 30 minutes. This fast turnaround time is ideal for writers who want to complete several projects in a day.
3. Plenty of work: Emails are an inexpensive and effective way for businesses to stay connected with their customers. Any company that wants to increase its revenue will email its clients regularly, usually on a daily basis. As a result, there is a high demand for skilled email copywriters.
4. Short writing projects: Most emails are between 300-800 words long, making them quick and easy to write. This makes them an ideal project to start and finish quickly.
5. Above-average pay: Even if you're new to email copywriting, you can charge a reasonable fee. Depending on the email's purpose, you could charge $100, $300, $750, or even $1,250 per email. The closer you are to the sale, the higher the pay rate.
6. High earning potential: Most potential clients require multiple emails, usually between 3-10, to achieve their goals. Depending on how much you charge, these fees can add up quickly.
7. Variety: Email copywriting offers a wide range of opportunities. You can pick and choose the types of emails you want to write, giving you the freedom to specialize in a niche that interests you.

and now we will learn 

10 expert methods to make money with email marketing

1. Sell a Product or Service

If you already have a product or service to sell, you're ahead of the game. However, if you don't, finding a physical or digital product or service to sell should be your first step. There are many products or services to promote, including eBooks, training guides, online courses, private virtual coaching sessions, classes or workshops, and memberships. To promote your product or service, consider sending an email to your subscribers with an offer they can't refuse.

2. Offer a Paid Newsletter

Offering a paid newsletter is a great way to monetize your email marketing efforts. You can charge a subscription fee for access to exclusive content or additional features. For example, if you're a blogger who writes about personal development and productivity, you could use a paid newsletter to offer exclusive email content and resources to your subscribers. To promote your paid newsletter, create a landing page with information about the newsletter and its features, along with testimonials from current subscribers. You could also mention the paid newsletter on your website, social media, and in your other emails.

3. Sell Other People's Products

You don't always have to sell your products or services to monetize email marketing. Instead, you can be an affiliate for other businesses' products or services. As an affiliate, you get commissions from a business that you generate for the company. However, before you begin affiliate marketing, make sure you have a strong relationship with your subscribers and that you only recommend products and services that make sense for them. Many companies have affiliate programs you can join, and you can integrate with tools like ClickBank to find affiliate products to promote to your audience.

4. Upsell Premium or Exclusive Products

One of the best opportunities for making money with email marketing is by offering additional products or services at the point of transaction. This strategy is known as upselling. For example, if you're a life coach and your main product is an online monthly membership that includes access to a community of users, webinars, and a library of resources, you could then offer exclusive one-on-one coaching sessions. If you're an online personal trainer, you could offer a free downloadable upper-body workout, then upsell a comprehensive 12-week program that guarantees results.

5. Cross-sell Related Products

Every purchase a customer makes gives you insight into their likes and interests. You can use this information to entice them with other products they may also enjoy. Cross-selling involves promoting a product that is related to what a customer has already purchased. Consider sending an email to your customers with a personalized recommendation for a product they may enjoy.

6. Get repeat purchases 

 It's important to focus not only on acquiring new customers but also retaining your existing ones. You can do this by creating a loyalty program, offering special discounts or promotions for repeat purchases, and sending personalized emails that show your appreciation for their business.

7. Have a cart abandonment plan

 Many customers add items to their cart but don't complete the purchase. You can have a plan in place to follow up with these customers and encourage them to complete the purchase. This can include sending an email reminder with a special offer or providing a live chat option to address any questions or concerns.

9. Include sponsored content or advertising in your emails

 This strategy involves partnering with other businesses or brands to promote their products or services within your own email campaigns. This can be a way to generate additional revenue or provide value to your subscribers by introducing them to new products or services that may interest them.

10. Ask people to spread the word

 Word of mouth can be a powerful marketing tool. You can encourage your customers to share their positive experiences with their friends and family by providing incentives such as discounts or free products. You can also make it easy for them to share by including social sharing buttons in your emails or on your website.

Final Thoughts

In conclusion, email marketing is a powerful tool for businesses of all sizes. By following these tips and strategies, you can monetize your email marketing campaigns without coming across as pushy or spammy. Keep in mind that building a strong relationship with your subscribers should always be your top priority. By providing value and relevant content, your subscribers will be more likely to engage with your emails and make purchases.