How to monetize email list

How to Monetize Your Email List – A Proven Step-by-Step Guide

As a content creator, you’ve worked hard to build a loyal and engaged email list. Now, it’s time to leverage that list and turn it into a valuable source of income! 

In this step-by-step guide, we’ll walk you through how to monetize your email list by selling digital products. With minimal production costs and instant access for your subscribers, digital products are the most lucrative way to tap into your audience’s potential. 

Here are a few reasons why… 

  • You’ve already built a targeted audience – Your email list is full of people already interested in you and your niche, making them more likely to purchase your digital products.
  • There’s tons of passive income potential  – Once created, digital products can be sold again and again without additional expenses, providing a continuous source of passive income. 
  • You can establish expertise – Selling digital products enables you to establish yourself as an expert or authority in your niche, building trust and credibility with your audience. 
  • You’ll build relationships with your subscribers – By offering exclusive access or promotions to your email list, you create a sense of community among your audience and foster long-term customer loyalty.
Let’s jump right in to Step 1!
 

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Table of Contents

Step 1: Ask your subscribers what they need

There are countless digital products that you could create and sell, from newsletters to podcasts, but you want to launch something that’s going to really resonate with your target audience. So, why not go directly to your email subscribers and ask them what they want to see? This will help you feel confident that you’re launching something your audience will love. 

Surveying your email list shouldn’t be complicated – simply use a tool like Typeform or Survey Monkey to ask a few questions, like:

  • What topics do you want to learn more about?
  • What kind of content do you want to see more?
  • Are you interested in connecting with a community around this topic?
  • Would you rather see a podcast or a newsletter? (Or whatever products you’re considering)
Use this opportunity to get your email list excited about what’s next. Let them know you’re working on a new project and want to get their feedback so they feel valued and like a part of your decision-making process. 
 

Step 2: Based on your survey responses, pick one digital product to focus on 

Yes, just one! You can launch as much as you want later, but staying laser-focused on your first one will make this process go much quicker. 

With MemberSpace, you can sell access to any kind of digital product, membership, or online community and take advantage of tons of  features to help you manage and grow your business. Some of the top-selling products our customers sell include:

  • Newsletters
  • Memberships
  • Community access
  • Paid podcasts
  • Content library
  • Videos
  • Online courses
  • Digital downloads
  • Paid Zoom calls
  • Digital magazines
If you need some inspiration, here are a few examples of products that MemberSpace customers are selling!

Membership Access – Biz Birthday Bash

Biz Birthday Bash Monetize Email List

Content Library (Templates,  Online Courses, Guides) – The Ladies of Real Estate 

Ladies of real estate monetize email list

Online Community Access – Oak + Pine

Step 3: Create a simple website where you’ll sell your products

Once you have a clearer idea of what your email subscribers are interested in and what digital products you’re going to focus on, it’s time to set up a place to sell those products. 

Step 4: Sell access to your digital products

You’re almost there! Once you’ve added MemberSpace to your website, you’ll need to create a couple of simple landing pages. 

Next, you will need to head to the MemberSpace dashboard to restrict access to your digital product page. This will ensure that only paying customers can access it. Here’s how:
 
  1. Decide how you plan to accept payments in the “Create a Plan” section. This all depends on your product. If you’re selling access to a community or membership program, you’ll want to collect a monthly recurring payment. But if your digital product is something like an ebook or PDF guide, a one-time payment will suffice. For higher priced products like online courses or coaching programs, you might want to offer a multiple payment plan.
    Monetize email list with MemberSpace
  2. Then, go to “Member Pages,” where you will add the URL for the digital product page you just created.

    Protect digital product pages

 

Once you’ve completed this step, your product page will be protected and will require a customer to fill out a form like this and pay before they can view the page. You’ll get a link to this sign up form that you can use throughout your website and to collect future email signups!

MemberSpace signup for monetizing email list
 

Step 4: Send email blasts to promote your product

Once you have your website and digital product launched, let’s circle back to your email list. After all, they’re the ones who helped inspire everything you just created! So, let’s promote the heck out of it and reward your email subscribers for being your very first customers. 

Here are a few ways to do this:

  • Send teaser emails to your list, giving them a sneak preview of what they’ll get access to if they purchase your digital product.
  • Provide them with time-sensitive offers, like Get 20% off an annual membership – today only!
  • Encourage your email list to sign up on your website and get access to free downloads, like an ebook or PDF guide. This will get them in the door so you can encourage them to purchase other digital products in the future. 
  • Offer additional discounts for things like holidays, birthdays, etc.  

Step 5: Update your email signup form

Lastly, you’ll want to revisit your old email signup form and replace it with a link to a MemberSpace signup form. This ensures that you can manage all future email signups and their purchases from the MemberSpace dashboard. To do this, you’ll just need to create a new plan under “Member Plans.”

Final Thoughts 

Monetizing your email list is one of the most effective ways to earn recurring revenue as a content creator or entrepreneur. Whether you have a short ebook, a membership program, a newsletter or something in between, you can launch your product in just a few minutes with MemberSpace. Sign up for a free account today!