Email marketing is a powerful tool for businesses to connect with their audience, build relationships, and drive sales.
Email marketing is one of your business’s most cost-effective strategies to reach your audience and generate substantial revenue.
This article will explore five proven strategies to help you make $5000 a month by sending emails.
Table of Contents
How You Can Generate Money From Email Marketing
1. Build a List
Without a list, you won’t make money with email marketing.
Building a list is easy:
Have an audience and provide information that solves their problems in exchange for their emails.
Now at this point, you may be wondering, do I build a blog to get an audience?
Well, not necessarily. While creating a blog is a fantastic way to build an audience who will join your email list, it’s not the only way. Plus, getting good traffic that will join your list takes a while.
Here’s a simple way:
Share content that solves a specific audience’s problems on your best social media platform. One day, post something but ask people to DM you for a resource with the answer.
You can also leave a link for them to click and access the resource. Ensure the links lead to an email sign-up form that someone must leave an email to access the info.
Repeat with a different resource every week or two weeks. Thousands will join your list in no time!
PRO TIP: If you’re on Twitter, use tools like Tweet Hunter to automate the process of sending a free resource in DMs when people follow the instructions to like, retweet, or reply to your tweet
2. An Email Course
Use the method described above, but instead of sharing a PDF, make it a free email mini-course that runs for 5-7 days.
Pack it with the value that people would be willing to purchase.
Here’s the catch: ensure the free email course touches on the primary but valuable info.
After sending the free course, invite people to a paid email course.
Here’s how it works.
Pick a niche and select sub-niches, then use an email marketing tool to segment your list according to sub-niches.
Ask members to choose the topics they prefer. For example, if someone selects writing as a topic, you can create different lessons on writing, such as how to overcome writing block, how to get endless content ideas, how to incorporate humor into content, etc.
Offer to send them valuable information via email that helps them learn something new every day (or once a week) and pay a monthly fee.
Want to see an example of how this works? Check out Highbrow.
Here’s how to make $5,000 per month:
- $50 for 100 subscribers
- $100 for 50 subscribers
- $25 for 200 subscribers
- $40 for 125 subscribers
PRO TIP: Record short videos and send them through email as part of the course.
3. Affiliate Marketing
Utilize your email list to engage in affiliate marketing, where you can earn a commission when someone buys a product with your link.
But how do you join email marketing affiliate programs? It’s easy.
- Partner with companies or individuals who offer products or services relevant to your audience.
- Promote their offerings to your subscribers, including affiliate links, and
- Earn a commission for every sale generated through your referral.
While it can be tempting to join many affiliate companies, ensure that you select reputable and high-quality affiliate programs that align with the interests and preferences of your subscribers.
4. Provide Email Copywriting Services to Clients
If you visit YouTube, you will find coaches and influencers with channels containing hundreds of thousands of users.
Most of these YouTubers don’t have an email list. Reach out and convince them how you can use email marketing to convert those subscribers into hot leads or paying customers.
If they accept, charge a monthly rate of $5,000 per client to hit your monthly target.
You can also charge $2,500 per client per month. You will need two clients to hit $5,000/month.
You could reach out to ecommerce website owners and help them set up cart abandonment emails, welcome series, promotional email series, etc. This is ongoing work, and you can agree on a monthly rate.
PRO TIP: Once they sign up, you can upsell other services like SEO, copywriting, social media marketing, etc, to scale your income.
5. Run Ads In Your Email Newsletter
You’ve put in all the work, and your newsletter is growing. How do you monetize it?
How about running ads within the newsletter?
You may want to read Dylan’s story of making at least $1,000 in newsletter ads.
How to start as a beginner?
Join a platform like Swapstack for free – a newsletter ads marketplace.
Start by charging low rates at the beginning. As your email list grows, so should your rates.
You will hit the $5k/month mark and surpass it!
PRO TIP: Categorize newsletter fees according to their positioning in the newsletter: higher, middle and footer. Those at the top should be priced higher than those under.
Conclusion
Email marketing remains a profitable channel for anyone looking to generate substantial income.
Implement one of these strategies today, and let us know when you achieve the goal of making $5000 a month through email marketing.