Posts: 1,618
Threads: 0
Joined: Feb 2014
Reputation:
21
How Much To Pay For Targeted Customer E-mail Lists?
07-07-2014, 07:25 PM
I was wondering if anyone has any experience buying targeted customer email lists, not just random lists of emails from within a niche. Basically someone in my industry sold their business but contract doesn't prohibit them from selling their customer email lists which was pretty stupid on the buyers part.
Anyhow, I have the opportunity to buy 3500 emails which should be very targeted towards what I do. I have no idea where to even begin in terms of how much to pay per email or for the list.
I would be sending email specials to these customers. I'd expect a 1% or less response rate with an average sale of say $100. Some customers may spend much more and be repeats some may never buy anything obviously.
How much would you pay per email or for the whole list?
Posts: 1,724
Threads: 0
Joined: Feb 2014
Reputation:
11
How Much To Pay For Targeted Customer E-mail Lists?
07-07-2014, 07:42 PM
$25.
If you have a facebook page you can spend $25 to target 11000 customers. I think facebook gets more attention from viewers than email because there's at least a pretty picture that attracts people's attention. With email, you see the subject line -> delete.
Posts: 118
Threads: 0
Joined: Aug 2013
Reputation:
4
How Much To Pay For Targeted Customer E-mail Lists?
07-08-2014, 12:24 AM
What's your figures from your own list?
Take your conversion rate and multiply it by profit per sale and you've got a price for each email.
Adjust it upwards or downwards as needed for the difference in list quality and increased/decreased conversion rate of this other list and you've got a price guide.
Pay much less than the upper limit and you'll make money.
Posts: 1,131
Threads: 0
Joined: Mar 2014
How Much To Pay For Targeted Customer E-mail Lists?
07-08-2014, 02:27 AM
Quote: (07-07-2014 07:42 PM)monster Wrote:
$25.
If you have a facebook page you can spend $25 to target 11000 customers. I think facebook gets more attention from viewers than email because there's at least a pretty picture that attracts people's attention. With email, you see the subject line -> delete.
Quite the opposite actually. Facebook traffic converts really poor, while email converts really well.
Posts: 150
Threads: 0
Joined: Mar 2014
Reputation:
0
How Much To Pay For Targeted Customer E-mail Lists?
07-08-2014, 04:36 PM
puckerman, US law gives you the legal right to contact anybody by email or telephone for marketing purposes (with a few rules to abide by).
Email marketing works.
Telemarketing works.
They both work really, really well. Any website based in the US should have a privacy policy specifying what that business is going to do with your personal data. People agree all day long to have their data sold to 3rd parties for marketing purposes.
Posts: 1,131
Threads: 0
Joined: Mar 2014
How Much To Pay For Targeted Customer E-mail Lists?
07-09-2014, 02:20 AM
No, you can't send email to people who haven't consented, that is spam and carries high fines if caught. However, nothing is stopping the guy with the original list (and consent), from emailing on behalf of someone with an offer. That is perfectly legal.
Posts: 1,131
Threads: 0
Joined: Mar 2014
How Much To Pay For Targeted Customer E-mail Lists?
07-09-2014, 03:45 AM
Quote: (07-09-2014 02:34 AM)worldwidetraveler Wrote:
Quote: (07-09-2014 02:20 AM)berserk Wrote:
No, you can't send email to people who haven't consented, that is spam and carries high fines if caught. However, nothing is stopping the guy with the original list (and consent), from emailing on behalf of someone with an offer. That is perfectly legal.
You are mistaken.
"There are no restrictions against a company emailing its existing customers or anyone who has inquired about its products or services, even if these individuals have not given permission, as these messages are classified as "relationship" messages under CAN-SPAM.[8] But when sending unsolicited commercial emails, it must be stated that the email is an advertisement or a marketing solicitation."
http://en.wikipedia.org/wiki/CAN-SPAM_Ac...licability
You need to give all recipients a way to opt out but he is able to send emails to that list as long as it wasn't harvested as in scraped off the web. The guy can't sell opted out emails either.
You can't just buy a list of someone and then email them whatever, that is what the above means, but the owner of the list can email on behalf of others.
Posts: 1,131
Threads: 0
Joined: Mar 2014
How Much To Pay For Targeted Customer E-mail Lists?
07-09-2014, 09:44 AM
Quote: (07-09-2014 09:00 AM)SteveCR Wrote:
Quote: (07-09-2014 03:45 AM)berserk Wrote:
Quote: (07-09-2014 02:34 AM)worldwidetraveler Wrote:
Quote: (07-09-2014 02:20 AM)berserk Wrote:
No, you can't send email to people who haven't consented, that is spam and carries high fines if caught. However, nothing is stopping the guy with the original list (and consent), from emailing on behalf of someone with an offer. That is perfectly legal.
You are mistaken.
"There are no restrictions against a company emailing its existing customers or anyone who has inquired about its products or services, even if these individuals have not given permission, as these messages are classified as "relationship" messages under CAN-SPAM.[8] But when sending unsolicited commercial emails, it must be stated that the email is an advertisement or a marketing solicitation."
http://en.wikipedia.org/wiki/CAN-SPAM_Ac...licability
You need to give all recipients a way to opt out but he is able to send emails to that list as long as it wasn't harvested as in scraped off the web. The guy can't sell opted out emails either.
You can't just buy a list of someone and then email them whatever, that is what the above means, but the owner of the list can email on behalf of others.
Yes, you can just buy a list of data and email them. The CAN-SPAM Act allows this. You can not buy a list of data that was harvested/scraped from various websites, but for instance, Roosh (or any other website/data company) could sell me the data of all of their users. Completely legal and quite profitable.
Data aggregation is a HUGE business, and it is 100% legal. Everybody's personal data is for sale.
I read up a bit on Can-Spam and it seems to be a grey area, not strictly forbidden, but generally not encouraged, since users must have given permission to have their data shared. So if you have one of those, "We promise we won't sell your email" type opt-ins (which convert poorly), then you could get in trouble.
My experience is with european law which is stricter it seems. I disagree that everyone's data is for sale as a default, it is not, only if you agree to it, which is what is hidden in the page after page TOS when you sign up for something.
Posts: 1,131
Threads: 0
Joined: Mar 2014
How Much To Pay For Targeted Customer E-mail Lists?
07-10-2014, 01:21 AM
Quote: (07-09-2014 02:46 PM)worldwidetraveler Wrote:
Quote: (07-09-2014 03:45 AM)berserk Wrote:
Quote: (07-09-2014 02:34 AM)worldwidetraveler Wrote:
Quote: (07-09-2014 02:20 AM)berserk Wrote:
No, you can't send email to people who haven't consented, that is spam and carries high fines if caught. However, nothing is stopping the guy with the original list (and consent), from emailing on behalf of someone with an offer. That is perfectly legal.
You are mistaken.
"There are no restrictions against a company emailing its existing customers or anyone who has inquired about its products or services, even if these individuals have not given permission, as these messages are classified as "relationship" messages under CAN-SPAM.[8] But when sending unsolicited commercial emails, it must be stated that the email is an advertisement or a marketing solicitation."
http://en.wikipedia.org/wiki/CAN-SPAM_Ac...licability
You need to give all recipients a way to opt out but he is able to send emails to that list as long as it wasn't harvested as in scraped off the web. The guy can't sell opted out emails either.
You can't just buy a list of someone and then email them whatever, that is what the above means, but the owner of the list can email on behalf of others.
Yes you can and there are companies I can go to to purchase lists and email them legally. I even bolded the portion that allows it. According to you, Infousa.com is illegal yet they have been in business for a long time.
It's a grey area. Did you see the part about 'having inquired about your product or services'?
As I said, my experience is in Europe with much more restrictive laws.
Posts: 1,131
Threads: 0
Joined: Mar 2014
How Much To Pay For Targeted Customer E-mail Lists?
07-10-2014, 02:44 AM
Quote:Quote:
If you buy or rent an email list from a third party you can use it only if the intended recipients have actively consented to receiving unsolicited messages by email from third parties.
http://www.cognique.co.uk/blog/email-mar...75DjbGnhi8
UK law. As I wrote, I know European law, not US. Most European countries have similar laws. You can't send people emails, if they haven't specifically agreed to receive emails from third parties.
Which means, that if you buy an email list, if there are euros on that list, even if collected from the US, you would be breaking the laws unless those who got the list made sure to state in the TOS their contact info could be sold.
Posts: 242
Threads: 0
Joined: May 2013
Reputation:
25
How Much To Pay For Targeted Customer E-mail Lists?
07-10-2014, 06:34 AM
Anyone interested in a list from the online gambling/poker/sportsbook industry?
Posts: 650
Threads: 0
Joined: Mar 2011
Reputation:
8
How Much To Pay For Targeted Customer E-mail Lists?
07-10-2014, 11:53 AM
The terms the user agreed to when signing up typically dictates what can be done with that data (in the US.) Selling data to third parties is common in many agreements. When it comes to enforcement companies get in trouble when the data includes underage users, or when a website's terms of service explicitly claims the users data will not be sold; but otherwise enforcement tends to be ignored.
There are other issues which don't appear to be enforced very well or at all: for example, how do you know the entity you are acquiring the data from had permission to contact the people?
For buying phone numbers, as long as you are doing it by hand and not dropping the list in to a robodialer, probably ok.
Instead of buying a list outright, buy 20% of it, test, and if it looks good buy the rest. Nothing prevents the seller from giving you the good stuff in the first batch and crap in the second, but then you have cheaply evaluated the person's trustworthiness (leaving cash sitting around in the open is a way to do this in your day to day life.)
Posts: 1,131
Threads: 0
Joined: Mar 2014
How Much To Pay For Targeted Customer E-mail Lists?
07-10-2014, 01:41 PM
Quote: (07-10-2014 12:25 PM)SteveCR Wrote:
Quote: (07-10-2014 02:44 AM)berserk Wrote:
Quote:Quote:
If you buy or rent an email list from a third party you can use it only if the intended recipients have actively consented to receiving unsolicited messages by email from third parties.
http://www.cognique.co.uk/blog/email-mar...75DjbGnhi8
UK law. As I wrote, I know European law, not US. Most European countries have similar laws. You can't send people emails, if they haven't specifically agreed to receive emails from third parties.
Which means, that if you buy an email list, if there are euros on that list, even if collected from the US, you would be breaking the laws unless those who got the list made sure to state in the TOS their contact info could be sold.
From the site you linked:
"If you buy or rent an email list from a third party you can use it only if the intended recipients have actively consented to receiving unsolicited messages by email from third parties."
So tell me, do you usually read every TOS and privacy policy before signing up for websites and/or other services? And even if you do (doubtful), most people do not.
Of course not, I have no problem with email marketing, just commenting on the de facto legality and the fact is that in Europe, you need explicit consent. I do know, that I get really pissed when someone sells my email to spammers. If I can figure out who did it, that is the fastest way I will never do business with them again.