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- 2 cents on monetization
2 cents on monetization
Dispelling common myths
A question I see all the time while building social media profiles: What’s the best path toward monetization with socials and newsletters?
My 2 cents:
Paid subscriptions (lower ticket) seem like the simplest path but in reality it's a tougher task than many realize.
Unless you dedicate a lot of time/energy into the content to make it insanely valuable, it will be a hard path.
Here’s why:
Affiliate links, similarly difficult to monetize because the percentage cuts are typically low.
Instead, for most creators we recommend a high-ticket offer embedded in a super signature + Call-to-actions to a predictable, sequenced newsletter.
Simply put:
-Post on social media
-Under the post, add landing page URL for newsletter
Once signed up for the newsletter, you’ll want:
-Welcome sequence for signups (2-3 emails, set expectations)
-Valuable info provided weekly (or more)
-Every 4-6 weeks send highly-engaged subscriber segment a very casual email (unformatted, plain text) about a promotion of high-ticket offer.
In the super signature, you can add several levels from low to high ticket:
"If you are interested, and want to take the next step, check out the promotions here:"
[link 1 - low-ticket]
[link 2 - mid-ticket]
[link 3 - high ticket]
Simple, valuable, consistent, and clear call to actions.
High-ticket offers more value for each successful transaction, and gives you the real opportunity to create an ROI positive feedback loop.
Low-ticket offers can and do work, but it can take much longer to build momentum.
Keep building,
Brett Erik
*this is a super signature, btw!
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