523: Why You Don’t Need an Email List
The BizChix Podcast: Female Entrepreneurs | Women Small Business | Biz Chix
Natalie Eckdahl
4.8 • 630 Ratings
🗓️ 12 May 2022
⏱️ 35 minutes
🧾️ Download transcript
Summary
Are you a done-for-you service provider who’s been wondering if you need to start building your email list in order to grow your business?
Today, I’m joined by our Accountability Coach, Elizabeth Cook, to talk about why you don’t need an email list to grow a profitable business and how you can use relationship marketing along with a retainer model to create consistent ongoing monthly revenue.
Join us in this episode to hear how you can grow your service based business without spending your time and money growing a large email list.
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This episode was first published at BizChix.com/523. Subscribe to our sister podcast, Stacking Your Team, on your podcast app or at BizChix.com/category/team.
Transcript
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| 0:00.0 | Did you know that you can build a six-figure, multi-six-figure, seven-figure business, and more |
| 0:07.6 | without an email list? Did you know that you can build an enduring business that serves just |
| 0:16.3 | five to 20 clients a year? Today we are posing the question, do you need an email list? If you provide |
| 0:25.8 | done for you services, then the answer is no. We teach our clients instead how to build a business |
| 0:33.9 | based on relationship marketing. It is fun and aligns with how most women operate |
| 0:39.2 | in the world naturally by building relationships and helping others. However, if you want to build |
| 0:46.2 | a business based on selling courses or a membership or even a group program, then my friend, |
| 0:53.6 | you don't just need an email list. |
| 0:55.3 | You need a big email list. And you also need to continually do visibility activities, |
| 1:03.3 | marketing and likely advertising to continue to grow your list. I want to share a secret that very few people will tell you, |
| 1:13.0 | especially those people who have podcasts and programs about online marketing and |
| 1:19.6 | passive income. By the way, I have passive income in quotes because there really is no |
| 1:24.6 | passive income unless you're investing. Building a business based on courses or membership sites requires you to have a very large audience |
| 1:33.5 | to grow to six figures or multi six figures in revenue. |
| 1:38.5 | Once you have that audience in place, statistically only one to three percent of people will ever work with you. |
| 1:45.9 | So if you have a list of, say, 100 people, maybe one to three people will buy from you. |
| 1:52.3 | If you have a list of a thousand, maybe 10 to 30 people will buy from you. |
| 1:58.3 | When you launch that offer again, you need more people to make that |
| 2:03.5 | same offer to. And the cycle continues. The largest online gurus teaching these strategies |
| 2:10.5 | started their businesses six to 12 years ago and built their audiences through Facebook ads |
| 2:16.6 | when the cost to do that was minuscule, |
| 2:19.9 | from say a few cents to a few dollars. |
... |
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