Ok, I talked about Why and What-For and then I talked about How. Now, let's cut to the chase.
How do you pay for thousands of mailers every month? Well, that is something we are currently working on. At $1 per newsletter, sending out 4,000 per month, that's a lot of moolah. This doesn't even include the 4,000 postcards we send out every month.
My personal goal is to have our newsletter 'self-sufficient' and larger (both newsletter and database) than ever. I've mastered the consistency. I've mastered the content and layout. Now, I must master the money.
I created a 'media' kit. Media kits are sent out by magazines and other print sources when they are seeking advertising dollars. They talk about the publication they have, who the demographic is that receives the publication (basically describing how valuable the mailing list is), and they provide specifications and deadlines for the potential advertiser.
The media kit is completed - now I must start 'pounding' the pavement so to speak. My goal for this month is to obtain 3 advertisers for our newsletter. That's rather small potatoes but I am still a listing agent first and foremost and must bring in the listings/income!
I will be contacting 'vendor's' with whom we do a lot of business: Lenders, Insurance Companies, Appraisers. I'll post details on our media kit later and I will keep you apprised of my process both successes and failures.
Good post! Will watch to see what you charge the advertisers and how it goes!