Importance of Building an Email List for Online Course Creators
Why is an Email List Important?
- Ownership: Unlike social media platforms, you own your email list.
- Algorithm Changes: Social platforms can change algorithms, impacting your reach.
- Control: You control how and when you reach people.
- Profitability: 30-40% of your revenue should come from your email list.
Misconceptions and Grassroots Methods
- Common Misconceptions: Need for landing pages, freebies, and complex tech.
- Grassroots Methods: Easier, simpler methods to start and validate your list building.
Six Steps to Build Your Email List
1. Identifying the Right Email Subscribers
- Importance: Focus on quality over quantity.
- Key Metrics:
- Open Rates: Aim for above 15-20%.
- CTR (Click-Through Rates): Higher rates indicate engagement.
- Domain Reputation: Avoid being marked as spam.
- Three Factors: Ideal client, their journey stage, and desired outcome.
2. Research Strategy for a Targeted Email List
- Grassroots Method: Build a list without tech by building relationships.
- Client Example: 61 ideal clients, $100,000 revenue in 2.5 weeks.
- Key Questions:
- Biggest frustration with X?
- Biggest fear about X?
- What would they search for a solution to X?
- Desired transformation: from X to Y.
- Finding Ideal Clients (ICA):
- Offline: Therapists, universities, doctors.
- Online: Facebook groups, Instagram hashtags, LinkedIn, YouTube comments.
3. Creative Ways to Grow Your List Without a Freebie
- Research Process: Build relationships and ask for email permission.
- Live Training/Webinars: Promote and collect emails during the event.
- Existing Audience: Use polls, direct messages, and network partnerships to gather emails.
4. Build a Relevant Exchange of Value
- Focus on Relevance: Attract the right people with hyper-targeted content.
- Example: Specific checklists and guides tied to ideal client needs.
- Tools:
- Canva, PowerPoint, Keynote for creating content.
- MailChimp, ActiveCampaign for email list management.
5. Create the Tech
- Start Simple: Use spreadsheets initially, then transition to email platforms.
- Build Pages: Create landing and thank you pages for email collection.
- Tagging and Segmenting: Categorize subscribers by their interests for better targeting.
6. Do the Math and Drive Traffic
- Lead Calculation: Identify how many leads you need to meet revenue goals.
- Driving Traffic: Use YouTube, social media, and other platforms to promote your opt-ins.
- Content Promotion: Consistently drive traffic to your email list.
Additional Resources
- Free Guide: 10 steps to create an impactful online education business (link in description).
- Engagement: Ask audience for their first step to building an email list and topic.
Summary
- Consistency: Continue to engage and provide value to your email list.
- Quality over Quantity: Focus on attracting and nurturing ideal clients.
- Proven Strategies: Test and validate your methods to ensure effectiveness.
For more detailed guidance, watch the linked videos and download the free guide.