The 12 words that increase email ROI

Q. Mike, I’m hearing a lot of talk about email marketing. For example, I’m told email marketing delivers $30 or more for every dollar spent. Is that true? Or just a bunch of hype from marketers and agencies trying to flog their products or services?

–Brian

A. Hey Brian, you’re right. There’s alotta crazy talk about email marketing on the web right now.

It’s a hot topic.

And for good reason —

Email marketing is outperforming all other digital channels by at least 3 to 1. And in some cases, yes, it’s even returning $30 to every dollar invested.

But to say everyone who spends time and money on email marketing will get back $30 for every dollar they put in… is an exaggeration.

And creates a false expectation.

The truth is your numbers will be unique to you and your situation.

Your results could actually outperform the average.

So don’t limit yourself by what others say.

And don’t get disappointed if your results don’t live up to a standard set by someone else.

Speaking of standards…

Here’s something you CAN do to give yourself the best possible shot at email marketing success:

It’s really simple.

All you have to do is act on this 12 word sentence that improves your email marketing return on investment:

“Send the right message with the right offer to the right audience.”

If you line those three things up — message, offer, audience — you’ll have an unfailing formula for success.

But get even one of those elements wrong… and your email marketing will fall flat.

Remember: Start with your audience. Make sure your email messages are on point. Then make offers they can’t refuse.

Focus on that and the numbers will take care of themselves.

Hope this helps.

–Mike

Check out my quick report titled: The #1 Website & Email Marketing Mistake That Could Cost You Millions!

It’s important that you follow the advice in the report BEFORE you try to implement the perfect selling system.

Downloading the report will add you to my email list where I’ll send you one or two tips each week to grow your coaching or consulting business.

Rise of the transparent entrepreneur [part-2]

A few weeks ago I saw a TV program about a rather unusual Sydney plumber.

At just 26 years of age his company was billing over $200,000 a week for plumbing jobs.

By my calculations that’s over 10 million a year!

That’s not the unusual part — although I’m sure it’ll capture the attention of any plumbers reading this who are stuck making 100K a year and want to get to the 1 million or 10 million mark.

My advice: don’t do what this guy does.

First, he manipulates consumers by operating under multiple company names, essentially competing against himself for customer leads.

In other words, you go to Google (the great manipulator of consumers all over the world – more on this some other time) and type in “local plumber”. You get a page full of search results. The top 3 results are ads, all run by this Sydney plumber but under different business names. You get a quote from 2 of them, not realising it’s the same business.

Although this is not technically illegal, it can be used to manipulate people.

Next, you accept one of the quotes.

Then, the plumber turns up at your house to do the job.

And here’s where it gets interesting.

Unbeknownst to you, you’re being MASSIVELY overcharged.

For example, one customer had a leaking pipe. She was quoted $15,000 to fix it. Thinking the problem was much bigger than it was she agreed. And a plumber came to do the job.

On inspection the plumber – a new employee at this plumbing company – noted the problem was a simple leak, and only required a quick fix for about $200.

So what did he do?

He rang the 26 year old boss who told him to …

SMASH THE PIPE. TAKE OUT YOUR HAMMER AND SMASH THE PIPE.

“What? Are you kidding me?” said the new employee.

“No” said the business owner. “I quoted this lady $15,000 and she agreed … so SMASH THE PIPE.”

He did.

And then he reported it. And that’s why the story ended up on TV.

Do you see the problem here?

I’m not referring to the obvious problem of a con artist at work.

I’m talking about the fact that many of our important buying decisions today are based on something we know very little about.

For example, do you ever get the feeling your mechanic is charging you for things that don’t need to be fixed?

Or your doctor is prescribing drugs you don’t need to take?

Or your bank is charging you fees for services you either don’t need or didn’t ask for?

This happens a lot — probably to the tune of millions of dollars in unneeded repairs, prescriptions and charges every day.

And that’s just the tip of the iceberg.

Here’s the point:

Although there’s not a lot we can do about dodgy plumbers … mechanics … doctors … or bankers ….

… there is something we can do to make the world a better place.

We can wake up to the fact that people are getting more and more skeptical every day (I know I am).

And we can make our marketing and business practices more transparent.

How?

Start by telling your clients exactly what you’re going to do for them and why.

And don’t just tell them. 

Show them.

Demonstrate.

Reveal.

All in the name of being transparent.

Thus the heading on today’s post: The rise of the transparent entrepreneur.

Do this right and you’ll stand out like a camel on the sidewalk.

For more ideas like these, and for insider tips to improve your marketing, opt-in to my email list. I mail 2-3 times a week most weeks. or whenever a really good idea hits me:

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Rise of the transparent entrepreneur [part-1]

We live in the day of the con artist.

It’s not the information age anymore. It’s the day of manipulators and scammers.

Of hackers and rip-off artists.

That’s why TV shows can thrive on stories about construction-scams, rouge mechanics and white collar crimes.

They’ll NEVER run out of material because the world is full of liars and criminals.

Low-level criminals are everywhere. You walk past them every day on the street.

High level criminals are everywhere too. Usually in government or running a business or controlling the banks.

Why is this?

Because crime pays.

Crime brings power.

And criminals love power.

They’re hungry for it.

We live in a culture that thirsts for it. Even promotes it.

The message of “get ahead at any cost” is trumpeted from Hollywood … plastered all over social media … and ingrained in the social narrative.

There are more ways for scammers to pull the wool over your eyes today than ever before.

This is due — in part — to the rise and reliance on the greatest propaganda machine there ever was: the Internet and social media…

Plus …

Easy accessibility to paid advertising…

The complexity of technology…

And the general lack of time we have to fact check what we see and hear in the media.

But all this mistrust and skepticism creates a windfall opportunity for you because…

In the age of the con artist, the honest entrepreneur can stand out like a giraffe in a pack of wolves.

And thus the rise of the transparent entrepreneur.

The rise of the marketer who — instead of lying and deceiving — addresses skepticism head on.

The marketer who proves every claim.

The marketer who gives a basis for trust and believing before asking the prospect to risk a dime.

When done right …

New clients come running.

Past clients return.

And referrals flow like water from a tap.

What are you doing to increase transparency in your marketing?

You can start by subscribing to my free email newsletter. You’ll get 2-3 tips a week to help you become a more transparent email marketer.

Subscription is free. There’s an unsubscribe link in every email. And I never rent or sell your email address to anyone:

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Does email list size matter?

Short answer: Yes

Long answer: No

Here’s what I mean:

If you have an email list of 300 recent buyers, congratulations. You’ve got a hot list. You’ve got an email list of people who all share three important traits:

1) They trust you enough to give you money …

2) They all share a common desire for the specific problem-solving or life-changing solution you offer. And …

3) They’re buyers, not tire kickers. Meaning, they’re willing to dip their hand into their pocket to pay for solutions

That makes them good prospects for other products and services.

Products and service YOU can offer. Either yourself or through a joint venture. And continue to profit from the 300-name email list.

So no, in a case like this, overall list size does NOT matter – assuming you’re hitting your margins.

A list of buyers is what matters.

Of course, that doesn’t mean you should stop building your email list.

You should continue to do whatever got you those 300 buyers in the first place.

Now, let’s look at another scenario:

Let’s say you’ve got an email list of 300 email addresses that have NEVER bought from you.

They opted-in to your email list to get a free video, report, information pack, discount code, content upgrade or something else but…

THEY. NEVER. MADE. A. PURCHASE. OF. ANY. KIND.

(Sorry for shouting – just want to make sure you stay with me here.)

And let’s say each of those 300 people opted in for a different reason. For example …

Some opted-in to follow you, so they’ll know where to find you when they need you.

Others opted-in to get your content upgrade information to repurpose – or blatantly steal! – for their own business.

Others to spy on you.

And so on.

Does that sound like a valuable email list to you?

Does that sound like a list of responsive buyers?

If that describes (even loosely) the makeup of your email list, you’re gonna have a hard time converting them into buyers – no matter how good your copywriter is.

So, in this case, email list size DOES matter but … more importantly …

LIST MAKEUP MATTERS.

(Again, sorry for shouting. At least you’re still with me.)

Listen. It’s not the number of subscribers on your email list that matters…

It’s the number of people who share common traits and interests.

It’s the number of people with a common problem they want to solve … or …

… a common passion, love, hobby, or opportunity they want to pursue.

For example, an email list of 300 people itching to learn your closely-guarded secrets of wood turning …

accounting,

managing staff,

buying antiques,

investing in real estate,

or raising lamas …

IS a valuable email list – assuming you’ve got the products or services that lead them closer and closer to their goals.

But an email list of 300 people with only a thin thread of commonality (or no commonality) connecting them is a bad list. And in that case, you’ve got to make up for lack of commonality with huge numbers.

It’s not efficient. But still might be effective.

And still better than some of the biz owners (or insta-fluencers) with 100,000 plus subscribers/followers and barely a buyer amongst them.

Do you see what I mean?

I hope this is making sense to you. If not, contact me to discuss your email list and how to make it more profitable.

We can also discuss how to identify the good subscribers and get the dead-wood off your list.

Of course, if you’re not ready to take the plunge into a world of increased profit, you can simply opt-in to my email list for 1-3 ideas a week to make your email list more valuable:

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What’s better — sending valuable content to your email list … or a barrage of product promotions?

If you have to write marketing emails you’ve probably sat at your computer at some point wondering what the right balance is between useful content and promotional emails.

And it’s a fair thing to wonder.

Thousands follow Gary V’s “Jab, Jab, Jab, Right Hook” methodology which advocates sending at least 3 “information only” emails to every promotional email you send.

But frankly, that’s an oversimplification. It may be true with social media, but email is different. As proof …

Many companies promote an offer in EVERY EMAIL THEY SEND … and get away with it just fine.

Still others send ONLY free content, with the assumption “They’ll contact us when they’re ready to buy, so we don’t need to pitch in our emails“.

Who’s right?

According to Hubspot, who have a few terabytes of data on such things:

The key to crafting a successful email marketing strategy lies in creating trust with contacts and building genuine, long-lasting relationships with them“.

The good news is …

You don’t need to compromise.

With the right approach — and a little thought — you can build long-lasting relationships … AND … promote your products or services in every email you send.

I’m using a couple of different approaches to help clients achieve this right now.

And I write about it occasionally in my 2-3 times a week email newsletter, which you can subscribe to below:

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Man removes own intestine (and other time-saving hacks your parents never taught you)

In 1961, during an expedition to the Antarctic, 27-year-old Russian surgeon Leonid Rogozov fell ill with appendicitis.

He needed an operation.

And – as the only doctor on the team – he soon realised he’d have to use the scalpel on himself.

As you can imagine, it was no easy choice.

Rogozov knew his appendix could burst at any moment.

And, if it did …

… he would probably die.

So, faced with life or death he did something most sane human beings would NEVER do …

He cut open his abdomen and took out his intestines.

Then, while bleeding heavily, and growing weaker by the second, he looked at his infected appendix.

He later commented: “With horror I notice the dark stain at its base. That means just a day longer and it would have burst...”

So, left with no choice, he chopped it out.

Then neatly tucked his intestines back in.

After nearly two hours of self-surgery he completed the operation, down to the final stitch.

And continued his mission in the Antarctic.

Now, you might be wondering “What’s all this got to do with writing emails to my list?

Actually, a LOT.

You see, I consult with a number of clients who write some of their own emails.

And, almost all of them says the same thing:

“Writing emails is like pulling teeth.”

They spend hours hunched over the keyboard … struggling to find the right words … and … when they’re done … they’ve got almost nothing to show for it.

So I ask them: “If you needed an operation, would you perform surgery on yourself, or go to a qualified professional – someone who’s spent years learning, practicing and honing their craft?

The answer’s always the same:

I’d go to a professional!

You see, you CAN struggle to write your own emails …

You CAN battle it out with the keyboard to come up with the right words …

You CAN spend hours writing instead of focusing on your core money-making skills …

But why?

If Leonid Rogozov wasn’t stranded in the Antarctic he certainly wouldn’t have performed his own surgery.

So unless you’re dead broke … and have no other option … don’t write your own emails.

And speaking of NOT writing your own emails …

I’m accepting 2 new clients over the next 3 weeks. If you want to be one of them … I’ll write your first email FREE.

But only subscribers to my twice-weekly email marketing newsletter qualify.

Subscribe here:

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Why email open rates don’t matter

Campaign Monitor released a (shall I say) “startling” – report titled: “Email Benchmarks (2020): By Day and Industry”.

And it’s absolutely … umm … riveting? I mean, you should be on the edge of your seat right now reading this.

In it they declare:

Australian open rates remain strong at 18.7%

Click-through rates rise to an average of 2.8%.

Click-to-open rates also rise, climbing to an average of 14.9%.

Unsubscribe rates remain steady at an average of 0.2%.

Australia leads open rates with an average of 18.7%; slightly higher than the global average of 17.8%, the UK at 17.5% and the US at 17%.

Sounds like a politician rattling off the latest unemployment figures.

Aren’t you glad you know these statistics?

Don’t they just rock your world?

Aren’t you glad you’re reading this important announcement?

Let me ask you this:

Who cares?

I mean, what are you going to do with this information? What is ANYBODY going to do with this information?

I can just imagine a bunch of suits sitting around the boardroom table discussing this report and asking “What are our open rates? How do we compare?

To which the poor sod from the marketing department responds by pulling up a spreadsheet on his tablet computer thingy to reveal this fascinating sound bite:

Let’s see now… we’re a little below average on open rates … but our unsubscribe rates are about where they should be!

Quick, send a tweet” replies the CEO.

Come on.

The problem with this type of report … and the problem with marketing consultants who constantly blabber on about email open rates is …

Open rates might be good for the ego … but you’ll get the shock of your life if you ever try to deposit an open rate down at your bank.

That’s why the only email marketing statistic that matters is …

Sales.

Now, I hear you saying: “But the more emails people open the more sales I can make, right?”

Not necessarily.

I mean, it sounds good in theory.

But that’s where it stops.

You see, the only thing an email open rate can tell you is how many people clicked on your email.

Open rate stats don’t tell you whether the person who clicked on your email did so to open and delete it … open and read it … or if they accidentally clicked on it while trying to click an email above or below yours from their dear ol’ mother.

But sales … now that’s a statistic that tells us everything we need to know.

That’s a statistic we can get excited about.

Nobody accidentally buys your product.

There’s more to this, of course. And I’m deliberately only presenting one side of the story here.

But that’s all I’ve got time for today …

However, I will leave you with one final “insight” from the Campaign Monitor report.

This statement sums up their findings:

Australia is leading the way with open rates, which could be an indicator of an especially interested audience. Additionally, emails sent in this region may generally follow email subject line best practices, which encourage opens.

Let THAT sink in.

And then, when you realise you’ve learned absolutely nothing … subscribe to my twice-weekly email newsletter for ideas you can actually use to increase your sales from email marketing.

Just your email address below will do:

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Are you committing this ghastly crime against your wallet?

Someone from the “I need a copywriter squad” contacted me recently via my google profile to ask if I write copy for websites, like product descriptions and landing pages to generate leads? And if so, why don’t I mention this on my website or on my google profile?

The answer is simple:

Yes, I do write all types of copy. From social media posts, to website pages to whitepapers and special reports. But I specialise in email marketing, because that’s where I see the highest profit potential for business owners right now, and the biggest overlooked opportunity.

Problem is, most businesses owners JUST. DON’T. Get. It.

So they spend a bucket load of cash on ads to get new leads, but do almost nothing to nurture the leads they’ve already got. They spend hundreds — and sometimes thousands — a month on SEO, but do nothing to collect the email addresses of the people who arrive at their website.

I get it. I really do.

I spent a lot of years in direct sales so I understand the thrill of the kill on the first contact.

And I understand your insatiable desire for hot new leads.

After all, you just want people to hit you expensive website, see the value you bring, and buy on the spot ….

… which is probably the dream sold to you by your fancy webs designer.

But …

THIS IS THE NUMBER ONE CRIME YOU COMMIT AGAINST YOUR OWN WALLET!

Because — study after study shows only a tiny fraction of all the traffic that arrives at your website will buy on the first visit. Even fewer will visit a second time. And …

That’s why the best, smartest and most profitable business owners make “email capture” the focus of their website.

Without doubt, email is the best way to nurture captured leads right now, and the best way to automatically sell more products to existing customers and expand your referral base.

And that, my curious reader, is why I promote myself as an email copywriter.

But yes, as a copywriter I can write any type of copy. Preferably in the alternative health niche because I feel the alternative health market does a great service to the community.

I also publish a twice-weekly email newsletter full of ideas to help you get better results from your email marketing. It’s free, although some reader’s have said they’d happily pay a C-note to get some of the info I share. If you know what’s good for you … you’ll subscribe here:

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