Overview of business model
Newsletters are a compelling way to create brand awareness and awareness about a companyâ€™s products and services. There are all different kinds of newsletters being circulated on the Internet. Some are sent out daily; others are sent weekly or monthly. The higher the frequency of circulation, the more work is required to manage the development and circulation of the newsletter. Most newsletters are free, so the revenue comes from advertising, sponsorship, and mail list management.
In many cases, traditional businesses want to integrate the e-mail newsletter into their marketing strategy and would prefer to hire someone to manage this task for a fee. It would be possible to develop and circulate newsletters for several businesses and make a profit.
To operate this online business, you will need experience in developing copy for public viewing, which demands a catchy and terse writing style to get the message across clearly and in few words. Basic Web publishing skills are needed to update the Web site where you market your services as a newsletter developer.
Cost to start this business
You will need a computer, appropriate software, a printer, and an Internet account. The main expense will be the design, development, and hosting of your Web site. The estimated cost is $3,000 to $7,500 to start.
Number of employees needed to start
The number of employees needed to run this type of business is one dedicated individual, and you can start this venture while keeping your regular full-time job.
This business has strong international potential if the newsletters are translated into several languages and the content appeals to a demographic that spans across the globe. E-mail can go anywhere, so the possibilities of having a global business are high.
Important business issues to be addressed
The development and management of newsletters and the mailing lists that they are associated with is becoming a more valuable business as the traditional print version of the newsletter becomes obsolete. Make sure the pricing of your services is competitive with other newsletter developers, and carefully plan how much time you will spend on each circulation.
You must be aware of e-mail courtesy and privacy guidelines so you do not spam your subscribers or send them viruses.
Payment for your services should be half the total fee when you accept the job and half when each campaign is complete. In every case possible, try to get clients to sign a six-month to one-year contract, allowing you to manage their newsletters for a prolonged amount of time.
Online marketing techniques
- Develop your own newsletter and send it out to prospective clients outlining your services and the benefits of having theirs developed remotely by you.
- Develop a sponsored listings campaign to bid on appropriate keyword phrases with the popular search engines.
- Get listed and linked from directories and meta-indexes related to mail lists, newsletters, and Internet marketing services.
- Include your clickable logo at the bottom of all newsletters you develop for clients, if possible.
- Participate in newsgroups and discussion forums related to online advertising or the industries to which your newsletter services would appeal.
- Organize a strategic reciprocal linking and advertising strategy between your site and all the businesses that currently use your services.
Additional income can come from creating a newsletter development business that broadens the scope of services by integrating the newsletter with other online marketing techniques that cooperate with ad networks, marketing research groups, and mail list buyers.