You may be sitting on three significant hidden assets that you can use to build your email marketing lists quickly
Do you realize that you might be sitting on a few opportunities to increase your email marketing lists? In the investments world, hidden assets are considered those that don’t show up on a balance sheet. Real estate, for example, is a hidden asset of some companies that can be worth millions if they own the property they operate on.
Publishers have hidden assets, too. Besides following our best practices for email capture, there are other ways to grow your email list—sometimes very quickly!
Build Email Marketing Lists with Postal Addresses
Do you have customers’ postal addresses, but not their email addresses? Print publishers with old but loyal lists of magazine subscribers have found great success in email appending—taking known customer data (first name, last name, and postal address) and matching it against a vendor’s database to obtain email addresses.
What companies like MelissaData, FreshAddress, or AccurateAppend will do is take your list of print subscribers and mine the web to fill in any missing field of your subscriber profiles—namely their email address. Once you have the email addresses in hand, the users can then be on-boarded onto your email marketing list. This strategy is so successful that our publishing partners who have done it have seen the 20 cents per name turn into $50 per name in revenue generated. If you have a database of postal addresses, use them! If you’re sitting on a big database of postal subscribers, including both actives and expires, they can be appended. The append system will dwarf anything a system—even the best-practice conversion architecture in a Mequoda System—can do.
Build Email Marketing Lists with In-House Email Lists
Does your company have other divisions or projects that maintain their own email lists? Use them! The users from these lists can be onboarded and become a part of your email marketing list. They will then receive all of your communications and promotions, and could become engaged users and even paid subscribers—all for the minimal effort spent obtaining the list asset.
Build Email Marketing Lists with Events
Do you conduct in-person events? Do you ensure that you capture attendees’ email addresses, either during event registration or at the event itself? Live events are a major opportunity to expand your audience and generate revenue when you use the registrant information to add new constituents to your list. These event attendees have already shown themselves to be interested and engaged in your organization and mission, and they may prove to be very profitable additions to your email marketing list.
Bonus: Want to create an asset for list-building?
You may not have a hidden asset yet, but consider all of your offer abandons. To maximize the new email addresses you get from your paid order flows, don’t ask for the credit card until you’ve got their delivery information, including their email address and permission to use it. Capture their delivery information and then have them click a “continue” button that brings them to a second page where you ask for their credit card information. About 90 to 95% of the folks that complete the delivery information page will not complete the order. This means you’ll get about nine email addresses associated with abandoned orders for every email address that accompanies a paid order.
Not only will this help you build your email file, it also represents a great opportunity to send an abandoned recovery marketing series to the nine folks that didn’t quite finish placing the order. One of our publishing partners converts an additional two orders from those nine abandons in the first 90 days of the relationship.
These are just a few tried and proven methods that we have found to very quickly add to your subscriber base. This does not mean that these are the only avenues for acquiring email addresses. If you have any ideas on other potential opportunities to expand your subscriber base, please leave a comment below.
If you already have assets in your possession and are looking to build your email marketing lists to increase your audience, revenue, and profits with a Mequoda System, schedule a call with a member of our executive team.