Think the money is in the list? Think again.
The real money is in the follow-up. Without a great back end to support your list-building efforts, you’ll wind up with a huge list of names that do little but cost you money. And nowhere is that more true than with a big giveaway event.
Think about it. You’ll spend time and money—and lots of it—just organizing your event. Between the design work, recruiting guests, writing copy, and setting up the infrastructure, you’re going to spend dozens of hours.
The way to make up for that is with a solid back end that brings in sales each and every day.
Two Pages to Monetize
Want to know the most underutilized page on your site? It’s the confirmation page. You know, that page where new opt-ins land while they wait for your confirmation email to arrive? If yours says something like “Thanks, now go check your email” (or worse, it’s AWeber’s or Lead Page’s default page) then you’re missing a golden opportunity.
This is potentially the first exposure your new subscriber has to you, so it pays to make it a good one. This is the place where you should be offering a low-cost product that is a natural fit with your freebie. So in this case, your free offer is the giveaway event. Think about your products. Which one will help participants make the most of the event? That’s the one to offer on the confirmation or thank you page. And if you can offer a coupon, even better!
The download page is another often overlooked opportunity. Give your readers a relevant offer that ties in nicely with their download (or in this case, the gifts they’re receiving) and you’ll be pleasantly surprised at the number of takers you get.
Email Still Works
Don’t forget the follow-up emails. Hopefully you’ve created a series of emails to go out after a subscriber joins your list. These are the perfect place to make offers of relevant products and services, either yours or those of your event guests. You don’t have to resort to hard sell tactics in every email though—and you probably shouldn’t.
Instead, send your subscribers valuable information they can use, so they learn to look forward to your emails. Save the selling for your P.S. or for the occasional (once per week or less) solo email.
Done right, these two techniques can ensure you not only earn back your investment in creating your giveaway event, but earn a tidy profit as well. Not only that, but these strategies work for every opt-in offer on your site, so be sure to take a look at your other funnels and patch up any leaks you might have.
Looking forward to reading your comments below with your techniques for monetizing on your list, Coach Deb
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