The Email Marketing Secret That Could Be Costing You Six Figures
As a small business owner, you're constantly juggling multiple tasks, trying to keep your business running smoothly. But what if I told you that you might be leaving a significant amount of money on the table?
I'm talking about potentially six figures annually, all because of one often-overlooked aspect of your marketing strategy: email marketing.
The Common Email Marketing Mistake
Many small business owners I talk to are making the same crucial mistake when it comes to email marketing. They're either:
If this sounds like you, don't worry. You're not alone, but it's time to rethink your approach.
Why Infrequent Emails Are Killing Your List
Here's the harsh truth: if you're waiting 90 days between emails, you might not even be able to send them at all. Modern email protocols focus heavily on engagement. If your subscribers haven't opened, replied, or clicked a link in your emails within a short period, you might find yourself unable to reach them at all.
This engagement issue applies regardless of the email platform you're using, whether it's MailChimp, Keap, HubSpot, or any other system.
So, How Often Should You Email?
Let's break it down into a good, better, best model:
Why More Frequent Emails Work
You might be worried about annoying your subscribers, but consider this:
The Six-Figure Potential of Email Marketing
By committing to at least a weekly email in your business, you're opening the door to significant potential revenue. Consistent, strategic email marketing can generate an additional six figures for your business over time.
Recommended by LinkedIn
1. Increased Visibility Leads to More Sales
By emailing consistently, you're keeping your brand top-of-mind. When a need arises, guess who your subscribers will think of first? You. This increased visibility often translates directly into more inquiries and sales.
2. Nurturing Leads Over Time
Not everyone is ready to buy right away. Regular emails allow you to nurture leads, providing value and building trust until they're ready to make a purchase. This long-term approach can significantly increase your conversion rates.
3. Upselling and Cross-selling Opportunities
With consistent communication, you can introduce your subscribers to different products or services they might not know about. This opens up opportunities for upselling and cross-selling, boosting your average customer value.
4. Reactivating Dormant Customers
A robust email strategy helps you stay connected with past customers. By reminding them of your value, you can reactivate dormant relationships and generate repeat business.
5. Cost-Effective Marketing
Compared to other marketing channels, email offers an incredibly high ROI. With minimal costs involved, even a small increase in sales can have a big impact on your bottom line.
6. Building Authority and Trust
Regular, value-packed emails position you as an authority in your field. This increased trust can lead to higher-ticket sales and more referrals.
7. Data-Driven Improvements
Consistent emailing provides you with valuable data. By analyzing open rates, click-throughs, and conversions, you can continually refine your approach, leading to better results over time.
Remember, reaching that six-figure potential doesn't happen overnight. It's the result of consistent effort, valuable content, and strategic planning. But by committing to a regular email schedule and focusing on providing value to your subscribers, you're setting yourself up for significant growth.
Ready to Transform Your Email Marketing?
If you're ready to stop leaving money on the table and start leveraging the power of email marketing, here are two ways I can help:
Remember, effective email marketing isn't about bombarding your list with sales pitches. It's about consistently providing value, building relationships, and staying top-of-mind. When you do this right, you'll see the impact not just in your open rates, but in your bottom line.
Don't let another day go by leaving money on the table. Start rethinking your email strategy today!
Owner at Cosmic Bills & Cosmic Accounting Group
2moPlease define email marketing here .so are we doing cold email ? Thats not on .spam tried it
I help coach service-based business owners with teams of 2-20+ to stop 'just winging it', overcome the overwhelm, implement a 6-step proven flight plan in 90 days, improve efficiency, teamwork and skyrocket results!
3moGreat and powerful article John Bellamy - I especially love the insights of your stats on emails etc - appreciate your share!
🚀 LEADERSHIP COACHING - CAREER + BUSINESS MENTORING💡 Mid-Senior Career Professionals ✔️ Executive Coaching ✔️Performance Coaching ✔️ Career Strategies ✔️ Speaker and Workshops ✔️ Business Start-up Coaching
3moThis is such great advice. I have a good sized email list that I underutilize. Definitely going to start emailing at least once a week now. Thanks for this.
I am your trusted advisor for networking and advertising on the Sunshine Coast for business growth and community.
3moEmail marketing is essential. It is permission marketing at its best; your list opted into the list, and they can opt-out anytime. You will be rewarded if you provide value with your emails that are easy to digest and act upon. Great advice John Bellamy. We have moved from once a fortnight to more frequent but shorter emails and getting far better results.
Award winning accountant that speaks your language | Tax minimisation | Passive Income | Property Strategy | R&D Tax Offset | SMSF & tax
3moI haven't done any email marketing thinking it will all end up in spam, but good insights here and might need to change that email strategy.