You always hear that you need to build a list. Success in digital marketing is all about having a large and highly engaged email list. But having a massive list of subscribers isn’t helpful if you don’t know what to do with them. First, you have to define where email marketing fits into your sales funnel. Then, you can take advantage of your list and get the most value out of it.
Your Coaching Business’s Sales Funnel
Every coaching business has a sales funnel. The top of the funnel is where potential clients initially discover your coaching business. If they’re interested, they pass into the funnel where your relationship with them deepens.
As the lead moves through the tunnel, you make offers to them and get to know them. If done well, they reach the bottom of the funnel, where you make your offer and they buy.
Building Relationships with Your Email List
Email marketing is a useful tool for building relationships. Your subscribers have entered the top of the funnel and now they’re expecting to receive value from you through your content.
Initially, a new subscriber is an unqualified lead. You qualify them by offering valuable content including small offers. If a person takes you up on a small offer, this tells you they’re the right match for your coaching business and they’re willing to spend money on your offerings.
Others will unsubscribe from your list or remain inactive. This tells you that these individuals are not the right fit. They won’t buy when you make higher ticket offers.
Why Email Marketing Works for Qualifying Leads
The advantage of email marketing over other communication channels, like social media or blogging, is that it’s highly personal. Your messages come straight into the person’s email inbox. They signed up to receive these messages from you.
The best practice with email lists is to offer high-value and exclusive content that focuses on solving problems using your unique expertise. This is what builds a close relationship. If done right, your subscribers will look forward to your messages and see you as their go-to for information on this topic.
In addition to informational messages, you can then start mixing in small offers at first and gradually bigger and bigger ones to qualify leads.
Narrowing the Sales Funnel
You may choose to segment your email list into buyers and non-buyers. Some people will just enjoy the free content but not spend any money. Others will take you up on your offers.
An email list is best used as an avenue for building relationships with your market. But first, you need to identify where it fits into your overall sales funnel. In other words, where is the subscriber coming from when they come to your list, and where do you want them to go? This is how you can make the best use of your email list.
Do you want to learn more about using an email list to earn more?