Starting an email newsletter can be one of the best businesses you can start. In this article, we discuss 5 Reasons Why You Need To Create An Email Newsletter.
1. Extremely Lucrative
The cost of starting and up-keeping a profitable email newsletter is so small, it’s ridiculous. An email newsletter can have some of the largest profit margins in the online business world.
All you need is an email autoresponder, a landing page, and traffic and you’re in business. The best part about it is even if you have a small budget you can grow your email subscribers for free or cheap, paid methods.
The average numbers in the industry is $1 per month per email subscriber. You can earn more or less depending on how engaged your subscribers are. However, lets take the average figure of $1 per month per email subscriber.
This means that if you build and email list of 10,000 subscribers [which can be done in less than a year], you’ll be making $10,000 per month. Since your up-keep is low, most of that income will be profit.
2. More Profitable Than A Blog
If you calculate the amount of effort you would put into a blog or pay someone to do, the numbers are high in comparison to an email newsletter.
With a blog, even if you do hire writers, you also have to make sure the content is SEO optimized. You have to spend extra time making sure you are using the right tools to make your blog profitable.
An email newsletter is so much simpler. Besides having writers, there’s not that many tools you need besides having a landing page to capture names and emails.
Since, you need less tools the amount of you’ll spend will be cheaper. And since an email subscriber is more likely to be worth more than a blog visitor, your level of profitability with an email newsletter will be higher.
3. Little To No Overhead Required
You can outsource many of the tasks you have when running an email newsletter. The biggest task is the creation of content in your email newsletter and running paid advertisements [if you choose to].
Luckily, you can hire quality writers at very reasonable prices online. You can also do the same for your media buyers.
Once you find a writer and a media buyer you like, it’s as simple as getting them to do a task and you pay them. You don’t have to have anyone on your payroll, they can be contractors.
This way you’ll be running a high profit, lean online business from anywhere in the world.
4. Business Can Be Run On Autopilot
An email newsletter business can be run completely on autopilot. You can have the emails written ahead of time and scheduled weeks in advance.
The only thing you would have to do is monitor your email autoresponder to make sure things are running smoothly. Even your advertisements you run to generate new email subscribers can be automated.
What would it feel like to run an online business from anywhere in the world? To be able to send out a few emails automatically and see checks hit your bank account? Amazing right!
5. Can Be Sold
If you structure your email newsletter correctly, you’ll build a business that can be sold if you choose to. Every business most profitable asset is their database of customers.
With an email newsletter, you’re gathering the names and emails of people who are likely to purchase your products and services. Other businesses who are in the same industry as you would pay top dollar for these names and emails.
The more active email subscribers you have on your list, the more valuable your business becomes. You can then sell your business for at minimum 12X your net monthly profit.
Thanks for reading 5 Reasons Why You Need To Create An Email Newsletter. If you’re interested in starting your own business and need more ideas, download our free guide here: 25 Six Figure Businesses You Can Start Today.