With pay-per-clicks, you need to closely monitor your results. You also need a good idea of the lifetime value of a new customer or subscriber. To me, it makes perfect sense to lose a dollar to gain a new highly qualified subscriber.
If you're paying attention, you'll notice numerous Internet marketers who run promotions where they pay a dollar or more for referrals who simply opt-in to a list. I essentially do the same thing when using pay-per-clicks. With pay-per-clicks you reach new subscribers who may not already be on a dozen other marketers' lists.
5) Use free giveaways where appropriate. I contribute to, and help to promote free giveaways, when they are well managed and the quality is high. I've built large lists doing this and have a friend who got over 5000 subscribers from one of his first giveaways. I've written about how I do that many times before.
The key with free giveaways is that you need to offer a gift of high enough value that your new subscribers instantly bond with you. You still have to develop the relationship, but your gift should start it on a positive note.
Many people who participate in free giveaways offer "absolute garbage." Once their new subscriber downloads their free "gift" and look through it, they HAVE to feel insulted.
My rule is to always offer a gift that's good enough to sell. I was humored when, in one recent giveaway, I contributed resale rights to one of my new ebooks, along with a rough website. Before the giveaway was even over, at least one fast-acting individual had my ebook set up using the Rapid Action Profits script mentioned in number three, above.
6) Give away free viral ebooks. Write ebooks on topics that you know a lot of people are interested in. In those ebooks recommend specific solutions to problems, and include affiliate links to buy those products. Make some of those links rebrandable.
If the ebooks are filled with lots of useful information, AND they have links that can be rebranded, then you have an ebook that should go viral. People are incentivized to spread it!
In these ebooks, offer some type of a free bonus... perhaps an audio recording, or a template, or free piece of software, but require readers to visit your website to get this bonus. On your site, require them to register, or join your mailing list, to get the freebie.
If the original ebook delivered tremendous value, then the new potential subscriber will have no objection to joining your list. If the free ebook offered marginal value, then they have to assume that your other "gift" will be more of the same, and so they won't subscribe.
For creating viral ebooks, I recommend using the "Viral Document Toolkit" a next-generation PDF brander created by David Schwartz. The Viral Document Toolkit allows you to easily create rebrandable documents where you can specify links, and text that can be rebranded. You can even specify rather large BLOCKS of text as rebrandable... and even rebrand hyperlinked images! You create a rebrandable ebook, and then pass along the ebook (with most parts locked, but some parts changeable) along with the rebrander tool, to your subscribers, website visitors, customers, etc. Since they can profit from changing the ebook, they happily spread it, and in the process build you a huge list.
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