Software requiring registration automatically puts you on track to grow your mailing list. Quite a few companies don’t bother trying to produce an eNewsletter. Some may think it’s not useful. Others may not have the resources. Good email promotions require a significant effort, albeit separate from software development. Practically speaking, you only need someone to run your campaigns with an email campaign manager.
Email promotions help develop engagement with end-users, can generate revenue (with even as few as 100 subscribers), and can be a great networking tool. Moreover, if you intend to engage in crowdfunding, developing your mailing list and the skills to run email campaigns are vital. Core metrics to track include your email open rate and clickthrough rate, which can vary by industry.
Email newsletters and promotions can generate sales and can be a great monetization option. The bigger issue is execution. At issue, most companies are not very creative and stick only to promoting themselves, while also wishing they had more traffic. Most companies have a hard time running a basic 2x monthly newsletter or email promotion while also keeping the information fresh and valuable. So, Psychology 101 – What others have to say about you is 10-times as important as anything you can say about yourself. That’s the entire basis of a referral or testimonial – and why it’s nice to get (and give) nice reviews.
But what does this really mean? The number of backlinks to you is only limited by three things:
- Your willingness to say something good about what others are doing.
- Your honest assessment that what they are doing is valuable to your customers.
- How frequently you’re able to find matching interests.
It’s best to limit such reviews or promotions to non-competing interests in your industry or niche, or non-profit organizations working in areas important to you. If you are promoting others in this fashion, make sure to have a web page or blog post doing the same. If you are a non-competing interest in the same industry or market niche, they’re likely to link back to you – or quote you on their website or blog.
Just as an example that you can see, most Internet hosting services have a section in their control panel offering their subscribers discounts to a wide-range of other service providers. You’ll see coupons and discounts for Google Adwords, premium templates for WordPress, email campaign services, eCommerce applications, and more. Affiliate programs, co-marketing, paid or unpaid advertisements, mini-reviews, and more can all be used to promote other companies’ products and possibly earn commissions.