In today’s world, the lines between offline and online interactions are blurred. Thanks to technologies like social media and email, you can reach out to your target audience in ways that complement your traditional advertising. For marketers, this means experimenting with online and offline strategies, learning from each other, and creating new ways to engage customers.
Whether you’re an established brand looking to expand your reach or a small business looking to monetize your social media accounts, you can earn revenue from online subscriptions. In this blog post, we will discuss how to grow your online subscription marketing and how to choose the right product for the job.
Grow Your Online Subscription Marketing With Conversions
Conversions are the action you want a user to take after they’ve interacted with your content or application. The more you focus on boosting your conversions, the more you’ll grow your business. When you convert a viewer into a customer, you earn recurring revenue and establish a long-term relationship.
There are several ways you can convert a user online. For example, you can ask them to sign up for your newsletter, follow you on social media, or buy your product. Each of these require a bit of setup, but once you have a presence on multiple platforms, you can track the success of your conversion attempts. You can also use tools like Hotjar to track users’ activity across all platforms and gain valuable insights into the best times to ask for a purchase and which tools your audience interacts with the most.
Choosing the right product for the job leads to greater success. If you want to grow your online subscription marketing, you should look for products that have high buyer intent and that are built with care. Once you find a product that fits these criteria, you can begin to test the demand for it, identify the key features and benefits that will make it easy for users to subscribe, and consider which platforms to use to promote it.
Launch On The Right Platforms
To maximize your reach and grow your online subscription marketing, you need to consider which platforms your target audience uses. Do some research and find out which social media channels your ideal customers are on. Once you have this information, you can begin using your favorite social media platforms to grow your business.
Launching your product or service on the right platforms will put you in front of people who are already interested in your product or service. This is powerful because it means you don’t have to spend as much money to grow your business. You can leverage the free tools platforms like Twitter, Instagram, and LinkedIn provide to grow your business.
As you learn more about your target audience and the platforms they use, you will be able to choose the right platform for the job. Do research and find out which ones your target audience uses the most.
Create A User-Centric Experience
If your product is used by people who interact with it frequently and enjoy the experience, you can bet they will return. To create a user-centric experience that draws them back for more, experiment with the following:
- Short and sweet – Keep your content to a few short, snappy paragraphs, videos, or infographics.
- Visuals matter – If you’re using text, ensure that everything is set in motion with a visual aid – like a GIF, a video, or an infographic.
- Personalize it – If you can, customize your content based on a user’s name or initials. Doing this adds a personal touch and makes the content more relevant to that individual. For example, you can say this about a blog post regarding fashion: “Jane Doe, I’d like to share my thoughts on fashion with you. Based on your style choices, I’ve selected some content that I think you’ll find valuable.”
Measure The Effect Of Your Work
Just because you’ve launched on a few platforms doesn’t mean you should stop there. To really understand the success of your efforts and determine which platforms have the greatest effect, you need to track the number of leads who have converted into customers, sales, or newsletter signups. You can do this using a tool like Google Analytics.
The information provided by Google Analytics will give you an idea of which platforms are most effective at drawing traffic and converting it into leads and sales. Using this information, you can refine your strategy and find the right platforms for the job. Experiment with more than one platform and measure the results of your work to find the most successful one.
Monetize Your Online Subscription Marketing
The previous point led us to the most important issue you need to consider when growing your online subscription marketing. You will not be able to earn significant revenue until you have a monetized platform or channel. Luckily, this is easy to do. All you need is a product or service that has an online store, and you’re good to go. All you need to do is add an affiliate link or a “buy now” button and you will begin to earn revenue from online subscribers. Some examples of products that could be monetized inside an online store are:
- E-books
- Digital magazines
- Comic books
- Music CDs
- Game digital downloads
- And much more…
The choice is yours. You can either build a web page to sell the product or you can create a storefront on a social media platform like Twitter, Instagram, or Facebook.
The important thing to keep in mind is that once you’ve got a monetized channel, you can begin to experiment with ways to make money from it. For example, you could create a pay-per-click campaign on Google AdWords to earn revenue from online subscribers who click on your ads.
Grow Your Online Subscription Marketing With Data
When you have a data-driven approach to digital marketing, you will make the right decisions, be more efficient, and know exactly what is working and what isn’t. That is why it’s crucial that you keep track of the data that matters to you. The more you have, the more you can learn and grow.
You can do this by setting up automatic email campaigns on your various platforms to send out important information. For example, you can have your sales emails sent out at regular intervals. Then, you can use your email marketing software to segment your lists and gain more precision when sending out communications. This will help you grow your business and make more informed decisions.
Additionally, you can use tools like Google Analytics or Hotjar to track the success of your marketing efforts, identify the platforms that lead to the greatest engagement, and choose the right platforms for the next stage of your growth.
Choose Product That Is Suitable For The Job
Choosing the right product for the job leads to greater success. If you want to learn more about this topic, you can read our blog post about choosing the right product for your business or download our cheat sheet which contains top tips on choosing a profitable product.
In summary, when it comes to growing your online subscription marketing, the sky is the limit. Experiment with different platforms and ways to engage with your audience, and make sure you’re tracking the right data so you can make the right decisions about your business.