In the last post you heard the plan: Pick a Niche, Setup Some PPC, Build a List of 100 Double Opt Ins.
The first step I tool was to pick a niche. I had been experimenting in a particular niche a few weeks ago. I saw some potential but the offer I was pushing wasn’t converting well enough to turn a positive ROI. The traffic was pretty cheap so I decided to use that niche for the List Building & Email Marketing Case Study. An important thing that I took into consideration was if there were enough offers to support the niche I was targeting. It’s all well and good to build a subscriber list, but if I have nothing to sell to these people once they subscribe then it’s all going to be a waste of time. I did some research and there are at LEAST 5 different offers that I can push to these subscribers ranging from $1.30-$31 commission.
The second step I took was to get a targeted domain name and build a landing page. Completed.
The third step was to setup PPC. Done.
Now let’s go into a little detail about the whole process. The double opt in process work’s like this:
- User gets to a landing page which has a sign up form. They fill out the form.
- User Is Taken To A Thank You Page
- User receives an email that requires them to click a link to confirm
- User Is Taken to Confirmation Page
It’s a pretty simple process but without understanding all of the steps, you are going to fail. I broke down all the steps and made some notes. Here are some thoughts that were going through my head when I set this up:
- I’m paying for traffic so I need to make sure that my landing page converts the traffic I’m buying into subscribers.
- I’m paying for traffic so how can I make back some of the money right away?
- How can I make sure that the people double opt in after the users enter their information into the form?
- How much is a new subscriber worth to me?
I kept these thoughts or questions in mind throughout the building process of my campaign. Here is how I approached the landing page:
- Page 1 – This is the page housing my subscribe form. I created a very attractive page very much geared towards the niche. Everything I put on the page graphically, was designed to drive the users eyes towards the subscribe form. The landing page revolved around the idea that the email list would be providing tips related to this particular niche.
- Page 2 – This is a simple thank you page. The idea of this page in my mind was to MAKE SURE that the user immediately checked their email and double opted into the list. This is obviously crucial to the success of the campaign. Here is the text I used on this page word for word:
>You are almost finished….
>We need to confirm your email address.
>To complete the subscription process, please click the link in the email we just sent you.
>BONUS: After opting in, you will receive an exclusive offer.
My thinking behind mentioning that there would be a bonus after opting in was that it might peak some curiosity into what that offer is and make them want to immediately check their email and click the link.
- Page 3 – This page is the one the user lands on after they click the link in their email. My goal was to use this page as a first step towards monetization of the campaign through use of the aforementioned bonus offer. The text basically says that the users subscription is now confirmed. Below that I present the user with a bonus offer which is an EMAIL SUBMIT that pays $1.30.
This case study is really not about the traffic being used to drive users into the landing page. Any traffic source that you can find people related to a niche will be a good one. My average cost per click for this case study was 28 cents.
Let’s take a look at how the traffic converted, how long it took and what it cost me.
The goal here was to build 100 subscribers. I was able to do that in under 24 hours on a pretty low volume niche. The idea here is to see if this can be monetized. If it can be we can scale the campaign. At the rate of 100 subscribers per day, 3,000 subscribers per month can be accumulated. Over the course of 1 year the potential to subscribe 36,000 is there; so If this campaign works, there is definitely the potential for scaling.
Number Of PPC Clicks: 436
Number Of Double Opt In Subscribers: 100
Click To Subscriber Conversion Rate: 22.93%
Average CPC: 28 Cents
Raw Cost For Clicks: $123.55
Clicks To Email Submit On Page 3: 71
Offer Payout: $1.30
Total Revenue: $48.10
NET PROFIT/LOSS: -$75.45
Actual Cost Per Subscriber Before The First Email Is Deployed: 75 cents
Summary Of Initial Results: I am very happy with the initial results of this test. I spent $123.55 and made back $48.10 before even the first email was sent to the list. I am not thinking about this in the standard way a PPC marketer does. Usually we want a positive ROI immediately. I am making an assumption here that each of these subscribers will have some sort of lifetime value. I have no idea what that value is yet as it will take some time to figure that out.
To break even on this campaign I need to make back $75.45 off of 100 subscribers to my list. There are numerous ways to do this. As of now I am planning on doing 4 emails in 4 days. After that I am going to back off and not mail nearly as much. Here is the plan for the first 4 emails in the series:
Day 1 – Introduce myself under a fake persona as an expert in this niche
Day 2 – Tip #1
Day 3 – Tip #2
Day 4 – Make a special offer, try to make back the $75.45
I have yet to set up any of these emails so I am going to get on that now.
One question that’s bound to come up is which email marketing provider I am using. The answer is MailChimp. I use their service pretty hardcore for some other projects and think they are really a great company. In a future post I will do a comprehensive review. If you sign up through AdHustler.com, they are offering a $30 credit to your account.
Look forward to Part 2 of the List Building & Email Marketing Case Study when I get some more data to share.