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الأربعاء، 24 يونيو 2015

How to Write Emails Your Subscribers Can’t Wait to Open

email

The job of a marketer isn’t easy.

You need to create great content, promote it, and then convert your hard-earned traffic into email subscribers.

Because email is 40 times more effective than social media in customer acquisition, it can’t be ignored.

But your work doesn’t stop there either. You need to cultivate a relationship with your subscribers if you want them to ever buy from you.

In order to do that, you need your subscribers to not just tolerate your emails but to actually get excited about the next email you send them.

The average email open rate depends on the industry, but typically it ranges from 15-25%. That’s not terrible, but it certainly isn’t good.

Would you be happy if only 1 out of 4-6 people who asked for emails from you actually opened them? And that’s just opening, not clicking through or replying.

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I hope you said you wouldn’t be happy with the 15-25% open rate. Indeed, you can do much better if you avoid the mistakes most other businesses make.

If the average business has an ROI of 4,300% from email marketing with those kinds of open rates, imagine what you could do if 50-60% of your list opened and interacted with your emails.

In this post, I will show you how to achieve those results. 

Set the stage: after the signup

You’ve convinced a reader to sign up for your email list—great.

To do so, you had to offer them something. Whether it’s just regular content updates or a free lead magnet, there’s something that your new subscriber wants.

There is no excuse in this day and age not to deliver any lead magnet within minutes of receiving a new subscription. Every major email marketing platform has some sort of an autoresponder you can use to deliver your offering automatically.

This is simple, but crucial. People have short memories.

For a loyal reader who just got around to subscribing, it’s not such a big deal. But when it comes to most subscribers, who don’t know you very well, it can be the difference between starting a great relationship and being put in the spam box.

Think about the time when you signed up for a free bonus from someone you didn’t know very well. If they sent your freebie to your email box immediately, you knew who sent it and why you received it—after all, you asked for it.

But if it’s sent to you a day later, or even a few hours later, all of a sudden, you’re thinking: “Who on earth is Neil Patel?”

The average person is very protective of their inbox, as they should be. So when they get an email from someone they don’t know, they are cautious. Sure, some don’t mind, but some get annoyed, weirded out, or even angry.

So, deliver on whatever you promised right away. Simple.

But that brings me to the next important thing you need to do right after your website visitors sign up—while you are still fresh in their minds: set clear expectations.

The first follow-up email gets the highest open rate, often 70% or higher. This is way higher than the overall average open rate. What you say in this email can either help you sustain high open rates in future emails or scare off subscribers.

So, what should you say? It depends on how your visitors signed up.

If they signed up to an offer that simply said “send me lessons,” it’s pretty safe to assume they know who you are and expect occasional emails from you.

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In this case, it’s less about what you will be sending (lessons and updates) and who you are and more about the frequency of your communication.

However, if your new subscriber signed up because they want a free report or a course, they may not realize that they just joined your mailing list.

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Brian Casel offers a course for freelancers who want to “productize” their services. When you opt in for this email course, you receive an email that begins like this:

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Brian does a few important things here:

  • introduces himself so you won’t forget him
  • includes a headshot
  • introduces his product without being overly pushy
  • establishes expectations by saying this is the first in a series of email lessons

Most importantly, he knows that almost all of his new subscribers will read this because it’s at the very top of the first email he sends. Then, he delivers what he promised.

I showed you the opt-in for Jon Morrow’s Headline Hacks above. If you use a one-time download as a lead magnet, I want to highlight something he does that you should also think about doing.

At the bottom of every email, he includes the following blurb under the “PS”:

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This is a simple reminder of what you signed up for.

On many occasions, a new subscriber will download your lead magnet, enjoy it, but then forget who you are within a day or so. Then they get an email from you a few days later and get angry when they feel they don’t know who you are. This leads to unsubscribes, being marked as spam, and the occasional “I NEVER SIGNED UP FOR THIS!” email reply.

Including this short snippet at the bottom of an email will eliminate almost all of those complaints and calm down anyone who’s angry.

Let’s go through the steps of crafting emails your subscribers will enjoy receiving.

Step 1: Start with an enticing subject line

Once you’ve laid the groundwork, it’s time to start working on crafting future emails that your subscribers can’t help but open.

It always starts with writing a great subject line.

The subject line should be written a lot like the headline of a blog post although you have a little more freedom with it.

Subject line tactic #1: Use numbers

If you’ve followed me on either the Quick Sprout blog or the NeilPatel.com blog for some length of time, you’d know that I love numbers in headlines. I especially love writing list posts.

Numbers are specific, easy to read, and intriguing. Even The New Yorker recognizes the power of numbers:

“Whenever we’re scanning the environment for nothing in particular, our visual system is arrested by the things that don’t fit—features that suddenly change or somehow stand out from the background. A headline that is graphically salient in some way has a greater chance of capturing our eye, and in an environment where dozens of headlines and stories vie for attention, numerals break up the visual field.”

Adding numbers to subject lines is one of the most effective ways to increase your open rate:

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Subject line tactic #2: Induce curiosity

Curiosity is powerful. When we want to know the answer to something, it gnaws away at us until we find it.

It takes practice to write a headline that induces curiosity, but it works well when done right:

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The key is to be specific about an event or result but be vague about what led to it. Naturally, your readers will want to know how you produced that intriguing event or result.

For example, if I sent an email with the subject line This one tactic led to 60,000 visitors in 2 months on a new blog…, you’re going to open the email to find out what “This one tactic” was.

It’s the exact same principle behind all those “one weird trick” ads:

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Subject line tactic #3: Keep it short

Informz found that shorter subject lines generally beat longer headlines. This doesn’t mean that short subject lines are always better than long ones—they aren’t. But in general, short ones are better because:

  • the whole subject line can be read (without being cut off)
  • short subject lines typically induce more curiosity
  • they force you to be clear (readers won’t open ambiguous headlines)

Subject line tactic #4: Test different subject lines

Everyone should test different subject lines, even the President of the United States…oh wait, he did.

Leading up to the last election, the Obama campaign team split-tested several headlines to see how much money they would raise. The results were incredible. The top result was projected to raise $2,540,866, while the bottom result would have raised only $403,603…a 629% difference.

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One way to split-test subject lines is to simply send emails with different subject lines to small groups of your list and then send the winning subject to your full list.

Alternatively, many email marketing providers have a split testing function built-in.

If you use Aweber, go to create a broadcast like you normally would (in the “Messages > Broadcasts” menu option), but click “Create a Split Test” below the big green button.

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You can then choose how many variations you’d like to create.

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Then you can choose to what percentage of your list you’d like to send each variation. It must add up to 100%, so an even split is usually best:

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Once you save the split test, go back to your broadcast messages page. You’ll now see two (or however many variations you chose) drafts. Then you just have to edit each email individually with your subject lines and message.

Step 2: It’s all about value

Think about why new subscribers open that first email: it’s to get something.

At this point, you’re not a friend. You’re not even an acquaintance.

But you have something they want, whether it’s knowledge or a tool.

It’s not wrong in all cases to pitch your services right away, or at least say that they are available, but in many cases it is.

In general, people tolerate pitches in order to get value from you.

If you pitch too soon, too frequently, or too hard, you’ll scare away a potentially good prospect.

Think of every new subscriber like a new bank account. Every time you add value to their lives, you make a deposit, but every time you pitch them or don’t deliver on your offer, you make a withdrawal. Take out too much, and the account will get closed.

Trust takes time: You have to earn trust by giving away value, time after time. Once a subscriber realizes that you’re not just trying to make a quick buck off them and that your work is actually making a difference in their lives, they will start to trust you.

Glen Allsopp, owner of ViperChill, runs a hugely popular blog on viral marketing. He is known for creating epic guides and providing new insights within his niche that no one else has discovered yet. In other words: he provides tons of value.

When his subscribers get an email from him, they know it’s going to be something that improves their marketing results. That’s the secret behind his outrageous open rates:

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Step 3: Make it personal

Think about how you make a new friend.

You learn more and more about the person over time, as they learn about you, until you become better friends.

You bond over similarities and common interests.

Obviously, you and your subscribers have a shared interest in your particular niche, but at the beginning, you don’t have anything else beyond that. You’re just a name behind some text.

Here is how to make friends with your subscribers.

Share interesting personal stories

One of the best ways for someone to get to know you and get a glimpse of your life is for you to share personal stories with them. You can do this in your blog posts, but email is another great time to do it. After all, when friends want to tell us a story, they don’t write us a blog post. They send us an email.

Bryan Harris often begins his emails with entertaining short stories. But he always finds a way to tie them back to his point. So, not only do you learn a little bit more about him every email, but you also get the value you’re looking for.

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Talk to one person—add personality

No one wants to be talked to in a corporate tone. You should write emails just like you write blog posts. Use the words “you” and “I,” and don’t be afraid to include questions and some occasional slang.

When you write your email, pretend you’re writing the email to one specific person—a friend. If you have trouble doing this, go to Gmail, start a new message, and write your email there. Then, just copy the message back to Aweber or whichever email service you’re using.

If you try to rush, you’ll freak people out

I think everyone’s guilty of this at one point or another in our lives, although some more than others. You meet someone, and they tell you their life story right away. It’s like when a person you’re dating tells you they love you on the first date (classic Ted Mosby).

Relationships take time to develop. When it comes to your email list, you need to share stories and personal details one step at a time. When someone first subscribes, they might like to know who you are and one cool fact about you, but they don’t want your life story.

Step 4: Create cliffhangers

We already talked about the power of curiosity.

One tactic you can use to take advantage of it is cliffhangers. If you’ve ever watched a TV show, you know what a cliffhanger is.

It’s when something unexpected happens right at the end, leaving you dying to find out what happens next. If you want to find out, you need to watch the next episode.

TV shows have been using cliffhangers with great success for quite some time, but marketers are still playing catch-up.

Think of every email you send as an “episode” that leads to the next. You should always build upon each email you send.

Near the end of each email, you’re going to reveal some sort of result that you or someone you know achieved, e.g., getting a post to go viral and attracting over 50,000 views.

Then, tease.

Say that you’ll tell them exactly how you were able to achieve that result in your next email. BOOM—instant cliffhanger.

You can create a cliffhanger in a few different ways.

The first is to simply continue a topic your subscribers are already interested in. For example, here’s the end of another email from Bryan Harris. Instead of overloading the reader with too much information in this single email, he tells them he’ll send over the next part tomorrow.

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Here’s how you create a traditional cliffhanger, courtesy of Nathan Barry. See how he ends it off? He reveals that he knows a pricing strategy to triple revenue, but he won’t share it until the next email. I’m hooked.

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Finally, you can be even more subtle if you’d like. Ramit Sethi is the master at slipping in little teasers throughout his emails or at the end in a P.S. He simply asks three questions that most of his readers will want to know the answers to, which will then prompt them to open next week’s email.

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Step 5: Email shouldn’t be one-sided

Serious question:

Do you value the opinion of your subscribers?

I really hope you answered yes. If you don’t, what’s the point of all the work you’re doing to make their lives better?

Now, I think most people answer yes to that question, which is great. So why is it that most email lists feel like one-sided conversations?

I talk, you listen.

That’s the wrong way to approach it.

So, what’s the solution? Get your readers involved.

A lot of marketers know this already but attempt to get subscribers involved in all the wrong ways.

Similarly, a lot of okay but not great teachers do the same thing. They ask their students questions, but they do it in a way that doesn’t entice anyone to answer. *Cue awkward silence until the teacher singles someone out.*

But it doesn’t have to be this way.

Think about why people don’t answer:

  • they’re afraid to be wrong
  • the answer is obvious
  • they don’t care about the question
  • they feel insignificant (“just let someone else answer”)

Let’s deal with these one-by-one.

Reason #1: They’re afraid to be wrong

You are the expert in your niche. Your subscribers don’t want to look dumb in front of you if they answer a question wrong.

Here’s what you can do about this.

The first thing you can do is to let them answer anonymously. If you’re simply collecting data, send them a link to a Google Forms sheet, and give them the option to leave off their name. Make this a clear option in the email.

The second thing you can do is to share what your answer was when you were asked the question the first time (if you were wrong). Challenge them: say that almost no one gets it right the first time (you didn’t), but invite them to take a guess.

The third is to give them an alternative. Many are intimidated by having to reply directly to you. Instead, do what Ramit does: give them the option to leave a comment on your site.

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Reason #2: The answer is obvious

I ask many questions in my blog posts, mainly because the answers are obvious. I don’t need you to reply to those questions, and you know that. Sometimes though, marketers will ask ridiculously simple questions in their emails to try to encourage engagement, but subscribers don’t take those questions seriously.

The lesson from this is that you can’t trick people into engagement. Only ask questions that serve a purpose.

Reason #3: They don’t care about the question

This one’s easy, and you probably don’t need to worry much about it. Occasionally, some marketers try to ask questions about unrelated topics that will go ignored for the most part. Instead, keep the questions to your niche. It’s as simple as that.

Reason #4: They feel insignificant (“just let someone else answer”)

This is by far the trickiest hurdle to overcome, especially when you have a big list. You’re trying to make someone feel special even though they are just one of thousands (much worse than a classroom).

One technique to overcome this problem is to target a very specific portion of your readers. Instead of asking:

“What tactics have you tried to increase your conversion rate?”

Try:

“I know not everyone has a huge site, but if you own a site with 20,000 or more visitors per month, what have you tried so far to increase your conversion rate?”

Sometimes it’s better to exclude a part of your list (they won’t mind as long as it’s not all the time) to make another part feel more special.

Another technique you can use to make your subscribers feel special is one I saw Carol Tice use. You ask for answers or feedback to feature them in a future email or blog post.

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Finally, never make your readers feel like they are sending their responses into a black hole. I’ve seen a lot of marketers improve in this area lately. When they ask a question at the end of an email, they make sure to point out that they respond to all emails or, at the very least, read them.

Respond to as many as you can. Even though it may be time consuming, it’s the best way to build relationships with your readers and gain true fans. If you’re running out of time, try some of these Gmail plugins.

Step 6: Bigger isn’t better

This is a very general rule and can be broken.

Some marketers write very lengthy emails, even with 1,000+ words sometimes, and do very well with them.

However, if you’re going to write that much, you’d better have something really important to say.

If your subscribers read through all of that lengthy email and get nothing out of it, they aren’t going to do it again.

Another thing to consider is that if you send email updates more than once a week, most subscribers won’t have the time to read multiple lengthy emails unless they love you.

Finally, it takes a long time to write good long emails. Most marketers that do so regularly are strong copywriters as well.

This is why, unless you have a good reason, you should stick to a short clear email.

Informz found that shorter emails get the highest opens and click-through rates. They also found that emails with more links have higher click rates. With less content, every link you include will stand out more.

Step 7: Function over form (make it readable)

If there was a way to measure bounce rates of emails easily, I think many marketers would find the data shocking.

If you don’t make your email quickly loadable and highly readable, your subscribers are just going to delete it and move on to the next one.

Tip 1: Go light on images and fancy formatting

We all know that images are important in blog posts. They break up text, reinforce points, and make your content look better.

And while there are similarities between emails and blog posts, this is not one of them. Images and formatting should be kept to a minimum in your emails. Hubspot found that the more images were in an email, the lower the click-through rate was.

One problem is that they take longer to load on most mobile connections. Considering that 44.7% of email is opened on mobile devices, this is a big deal.

Another concern is that they distract readers from your text and links. If you do include images, make them complement your content, not compete with it.

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Tip 2: Format for all devices

Like I said, almost half of emails are opened on mobile devices. That means that optimizing your emails for mobile is even more important than optimizing your blog posts for mobile.

Here are some best practices:

  • Keep the line length short: most phones have a maximum width of 300-500 pixels.
  • Keep pictures to a minimum: they can show up wrong, bloat the file size, and cause the email to get flagged as spam.
  • Use dark text on a white background: light text is often more difficult to read on mobile devices.
  • Minimize HTML: even common tags like paragraph tags aren’t recognized by all mobile email apps.

Tip 3: Make links obvious and easy to click

Always keep in mind the point of your email. For most emails, the point will be to get your readers to click through to a page on your website. You need to make it clear.

Additionally, links can be difficult to click on small mobile screens, so the more they stand out, the better your click-through rate will be.

Here are some of the things you can do to maximize your click-through rate:

  • Use a bigger font for links
  • Put links on a separate line
  • Bold links
  • Put multiple links to the same post with different anchor text

You don’t need to do all of these at the same time to get a link to stand out.

You’ll notice that I use the same template for most of my emails. You can see that one link is on its own line, and in total, I include three links to the same post.

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Step 8: Send consistently and deliver on your claims

Right within your first email, you should indicate how often your new subscribers will be getting emails from you.

Regardless of that, however, you want to send your emails consistently, or else your readers will forget about you over time, and your list will go stale. Express Pigeon found that sending four emails per month, as opposed to one, significantly increases your average open rate.

So, now you’ve got your readers regularly expecting your emails. They’re opening them thanks to your solid subject line, and they’re enjoying the content.

Now you just have to take care of one last piece of the puzzle: what happens after your readers click the link?

If you link them to a disguised sales page or a weak blog post, they are going to feel like you took advantage of them, and you will lose their trust.

On the other hand, if you send them to a post or page that fulfills your promise, you will gain their trust.

Brian Dean gets away with sending an email only about once a month to his subscribers simply because every time they click through, he blows them away with an epic post.

It’s better to be honest in your description of what you’re linking to and have a lower click-through rate than to be deceptive to get more clicks. The short-term greed will lead to long-term declines in engagement and list size.

Conclusion

Email marketing is the most effective type of marketing there is by a wide margin. It’s not going away anytime soon.

When you’re attempting to apply these 8 steps to your future emails, remember that they are guidelines, not rules.

Always think about the underlying concepts we discussed in each section to see which parts apply to your emails and when they should be used.

If you read this post carefully (maybe even re-read it a few times if you like it), you’ll have a deeper understanding of these principles. At first, they will help a bit. But over time, as you gain experience, there’s no reason you can’t achieve consistent 50+% open rates and record profits.

What’s your biggest takeaway from this post on how to increase your email open rate? I’m genuinely curious and will reply to every comment below like I always do.

 



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How to Keep Your Money Safe While Traveling

exchanging currency

Photo: Garry Knight

One big treat that Sarah and I enjoy is an annual family vacation. We usually travel somewhere within the United States or Canada as a family, sometimes camping and sometimes staying in hotels. Sometimes we visit state and national parks, while other years involve visits to cities. I’ve been to most of the states in the U.S. at this point, as well as several other countries. (This summer, our family vacation involves camping in the northern woods in Wisconsin, as well as a multi-day stop in the Door County area.)

A major concern I always have when we’re traveling is the security of our money. The last thing I want to be doing on a family vacation is canceling a bunch of credit cards, taking identity theft prevention steps, and trying to figure out how to come up with enough cash to get home. That’s a nightmare scenario for me. I want vacations to be relaxing and fun for our whole family, and that means not stressful.

In fact, such an event happened to me when I was traveling alone. My pocket was picked in San Diego once. Thankfully, the only stuff in my wallet at the time was my driver’s license, one credit card that was already basically maxed out, and about $20 in cash, so I was easily able to replace all of those items. Still, it gave me great cause for concern for the future. What if I had been carrying more items in that wallet? It could have been a real disaster for me.

In order to prevent this kind of horrible scenario from happening, I’ve begun using a handful of tactics for each of our summer trips to improve our financial security. These tactics are, for the most part, independent from each other, so you may find that some tactics really don’t work for you while others make sense. I don’t use all of these tactics every time I travel myself. Instead, I pick and choose among them based on the situation. Some work well if you’re staying in a hotel. Others make more sense if you’re camping. Some work well in a city, while others work well in rural areas.

So what should you do? Pick and choose! Each one will improve your chances of maintaining the security of your money, credit cards, and identification materials while traveling.

Minimize your wallet before you leave. Don’t take a big, thick wallet with you. You won’t need the vast majority of those cards or other items, so clean out your wallet and leave the excess at home. That way, if something does happen to your wallet, you have far fewer things to worry about replacing.

Take at least two credit/debit cards with you and never keep them both in the same place. The reason here is obvious – and very valuable. Let’s say you’re out and about and your credit card gets misplaced or stolen. Sure, that’s a bad situation, but it’s not a disaster because you can simply go back to the hotel or campsite and retrieve the other card. It turns a disaster into a hiccup.

Leave photocopies of your documents at home where someone you trust can retrieve them. You’ll probably want to cancel a stolen card or recover stolen documents as quickly as possible, so leave a copy of your documents at home with someone you trust. That way, if you’re in a pinch, you can call that person to retrieve your card number and other information so that you can then call the customer service line and cancel the card before there’s any impact on your accounts.

Alert your credit card companies of your travel so they won’t decline charges and can properly identify instances of identity theft. This has happened to me in the past where I tried to use a credit card on vacation and it was declined due to suspicion of identity theft (I had suddenly traveled to a new part of the country). If you contact them in advance, they’ll change the settings on your account so that new charges in your destination area don’t trigger an identity theft decline.

Use a money belt. A money belt is simply a pouch with a strap that goes around your waist. This pouch is kept under your clothing so that it’s unexposed and thus essentially impossible for pickpockets to access. You can easily access it by stepping into a bathroom and accessing it in a stall. It’s a great place to keep your credit cards and such; I usually keep my credit cards in there and just have a tiny amount of cash in an easy-to-access pocket. That cash is exposed to a bit more risk than the cash and cards in my money belt, but then it’s really convenient when I’m walking around a marketplace or strolling through a park.

Use an ATM locator to avoid bogus locations. Criminals will set up “fake” ATMs in order to scrape credit card and debit card numbers. They look just like real ATMs but simply won’t work once you’ve swiped your card and enter your PIN. That’s because the criminals already have your info, so there’s no reason to give you cash. How can you avoid that? Use the ATM locator program on your bank’s website to identify legitimate ATMs near you and stick with just those ATMs.

Only use ATMs inside of bank locations instead of sitting out in the open. Occasionally, criminals are able to modify ATMs and add “skimming” devices that allow the criminals to take your credit card or debit card number and PIN. This is much more likely to happen with standalone ATMs and much less likely inside of bank locations. So, if you’re in a new area, make the effort to use an ATM inside of a bank location if you need to withdraw cash.

Keep at least some of your money and one credit card in your hotel room safe. If you’re staying at a hotel, take advantage of the hotel room safe. Put most of your cash and at least one of your credit cards in there and set a password that only you’ll know. This keeps your valuable items safe while you’re out and about and minimizes the losses if you lose the items you’re carrying or they’re stolen.

If the hotel room safe doesn’t seem secure or isn’t available, ask the hotel front desk about a hotel safe. Many hotels offer a safe in which you can keep your belongings, so simply ask at the front desk about it. I’ve kept belongings in hotel safes many times without an issue.

Use a secure phone password and don’t store website passwords or credit card information on there. This is good advice anywhere, but it’s great advice when traveling. A smart criminal can figure out your password by studying the marks on the screen, so make your password as complex as reasonably possible while traveling. That way, they can’t get in quite as easily. More important than that, though, don’t keep important passwords or credit card information on your phone. If someone can buy stuff on your phone by just using the stored passwords, you’re begging for a problem if your phone is stolen.

Leave expensive gadgets at home unless absolutely necessary. You probably don’t need your laptop while traveling, so why take it? Will you really use that SLR camera, or will you likely just leave it in the hotel room each day? If you’re not going to use it, don’t take it. It just becomes another thing to keep track of and another thing that can potentially get stolen. Use minimal gadgets. I use just my smartphone when traveling for everything – no need to take a SLR for family vacation pictures!

Keep cash and belongings spread out across multiple pockets. If you get struck by a pickpocket while out wandering around, it’s a bad move to have all of your stuff in one place. Wear clothing with multiple pockets and spread your stuff out among the pockets. That way, if you’re struck by a pickpocket, it won’t prove to be a disastrous end to your travels, but instead just a minor setback.

Carry a dummy wallet. Pick up a cheap wallet, then put some of the “fake” credit cards that banks often mail you along with a few loose bills in there and keep it with you. It can prove to be a lifesaver when getting mugged, as you can pull out the fake wallet and hand it over to the mugger. It can also be a good pickpocket deterrent as they may just grab the fake wallet and leave you alone.

Be smart on vacation. Take a few steps before you go and be mindful when you’re there. Keeping your money and your identity safe is always useful.

The post How to Keep Your Money Safe While Traveling appeared first on The Simple Dollar.



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12 Money Lessons Your Child Should Know Before Age 12

Parents can impart valuable lessons starting around age five.

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UK rents are highest in Europe

UK rents are the highest in Europe at £730 (€902) a month, research from the National Housing Federation (NHF) has revealed.

UK rents are the highest in Europe at £730 (€902) a month, research from the National Housing Federation (NHF) has revealed.

In fact, tenants renting private property are paying almost double the amount their peers on the continent do (€481).

UK rents are highest in Europe
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UK rents are the highest in Europe at £730 (€902) a month, research from the National Housing Federation (NHF) has revealed. In fact, tenants renting private property are paying almost double the amount their peers on the continent do (€481). UK private rents remain expensive when compared to other Western European countries with tenants on similar incomes. German and Dutch rents are around 50% lower – at €600 and €625 respectively – despite both countries having a large share of privately-rented households, according to the NHF. British renters are also forking out a much higher proportion of their income on rent than their European counterparts, at 40% on average compared to 28% across the EU, with the Germans paying just 25% of their income in rent. Meanwhile, in newer EU countries, such as Slovakia, Latvia and Slovenia, the average household spends less than 17% of their income on rent. Burdens on households Gerald Koessl, research officer at the National Housing Federation, said: "Individuals and families have to spend the equivalent of around 23 minutes out of every hour worked to pay for their rent, while it is around 17 minutes of every hour worked across the whole of Europe." He added: "This puts a burden on household budgets. As a smaller proportion of households are buying a home and more are privately renting, the cost of renting is a concern." Earlier this month, it was reported that 60% of UK tenants saw their rent increase by an average of £84 at the end of each tenancy period and 13% were charged a fee to extend their existing contracts. The average fee to stay in the same home was £117, according to Ocean Finance. Its research revealed that, with half of tenants staying in the same house for five years or more, the increase in fees alone could see them pay £600 in letting agents’ fees merely to remain under the same roof. The Office for National Statistics reported private rents increased by 2.1% in the year to March 2015.

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Is Facebook Rewarding Fast Responses By Admins?

A new indicator may reward Facebook administrators that are quick on the draw with their responses.

Please visit Marketing Land for the full article.


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The Pros and Cons of Sharing Your Money Goals

Social media makes it easy to share your goals with friends and strangers, but should you do it?

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6 Sneaky Summer Expenses to Avoid

Don't let these costs burn up your budget.

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LV= customers to receive new Pension Passport

LV= has teamed up with the Treasury to offer retiring customers a new pension passport in lieu of the current 'wake-up' packs currently sent out by all providers.

LV= has teamed up with the Treasury to offer retiring customers a new pension passport in lieu of the current 'wake-up' packs currently sent out by all providers.

The pension passport will be a simple one-page document summarising how much the policy is worth, who the provider is, and whether any special terms apply – for example a guaranteed annuity rate.

LV= customers to receive new Pension Passport
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LV= has teamed up with the Treasury to offer retiring customers a new pension passport in lieu of the current 'wake-up' packs currently sent out by all providers. The pension passport will be a simple one-page document summarising how much the policy is worth, who the provider is, and whether any special terms apply – for example a guaranteed annuity rate. Recipients will also be urged to book an appointment with the government's free guidance service Pension Wise and encouraged to shop around before purchasing any retirement income product. Greater choice Phil Brown, head of Retirement Proposition and Change at LV=, who has spearheaded the insurer's campaign, said: "People spend a lifetime building up their pension funds and we want to encourage them to make the most of their pots. The pension changes means that those pension savers now have greater choice as to how they take an income from their pots and we have been working with the Cabinet Office's Behavioural Insight Team to ensure that the information we provide is sufficient enough to encourage them to shop around for the right solution or combination of solution for their needs." The wake up packs pension providers are currently required to send out to policyholders are designed to give retirees an indication of what their pension is worth and how much income it can be expected to provide. It should also tell people that they have the right to shop around for an annuity. However, the packs – which are usually sent out six months before people are due to retire – have long been criticised for being too long, jargon-heavy and failing to adequately explain the open market option which frees customers to use their pension to purchase an income from a rival provider. The aim of the pilot is to see if the new simpler documentation increases levels of engagement amongst retirees and if successful could replace the wake up pack altogether. A spokesman for the Treasury said: "We have been working closely with LV= and other stakeholders to develop a 'pension passport' that will simplify and clarify people's pension information, helping them to make an informed choice about their savings. The trial has started and will take place over the coming months."

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Hargreaves Lansdown launches retirement planning service

Investment platform and advisory company Hargreaves Lansdown has launched a flat-fee retirement planning service for those unwilling or unable to pay for full financial advice.

Investment platform and advisory company Hargreaves Lansdown has launched a flat-fee retirement planning service for those unwilling or unable to pay for full financial advice.

Hargreaves Lansdown launches retirement planning service
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Investment platform and advisory company Hargreaves Lansdown has launched a flat-fee retirement planning service for those unwilling or unable to pay for full financial advice. Charging £395 plus VAT, the HL Retirement Planning Service aims to scoop up some of the hundreds of thousands of people set to retire each year who might want personalised advice on how best to set up their retirement income arrangements, but are unwilling or unable to pay the estimated industry standard of around £1,000 for retirement advice. Customers will start the process by completing a questionnaire, followed by a printed report and an hour's phone conversation with an HL adviser. The report will contain summaries of the main issues for the investor to consider and includes a prediction of cash flow in the future. 'Sense check' However, although the service counts as financial advice, it stops short of giving customers a specific personal recommendation - which specific products to invest in, for example. The adviser will give customers a 'sense check' of their plans, and help them decide which mix of options to use. "The pension freedoms have fundamentally changed the pension system, overturning many established conventions around how and when investors draw on their retirement savings,' says Hargreaves' head of pensions research Tom McPhail. "The Pension Wise service provides investors with an invaluable introduction to the key issues they need to think about. The HL Retirement Planning Service takes investors a stage further than Pension Wise, walking them through the issues they need to consider when setting up their retirement income."

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Can You Make Money Online Using Product Report Card?

By Kimi Clark Product Report Card- maybe you’ve heard of it. But the big question is, can you make money online using Product Report Card? Let me share a little info with you so you can decide for yourself. Product Report Card is a site that allows you to sign up to receive paid survey […]

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How to Start Making Money as a Freelance Writer: A 3-Step Process

If you’d told me a few years ago that I’d be earning six figures online as a freelance writer, I would have thought you were crazy.

After all, I had no writing background, no relevant education and no network — all things I thought were prerequisites to launching a writing career.

But then, after finding myself unemployed in the summer of 2012, I set out to find an easier way. Since then, I’ve figured out that getting paid to write these days is less about credentials, degrees and who you know, and more about being motivated, resourceful and knowing where to look for work.

Ready to become a well-paid writer? Here’s what worked for me.

Step 1: Go Where the Fish Are

The biggest hurdle in becoming a freelance writer used to be finding people who’d pay you to write.

But I’ve found that online freelance marketplaces — like Elance or Upwork — totally remove this barrier, letting you easily apply to any of the thousands of writing gigs posted by real clients everyday. These sites can be pretty competitive, and they tend to feature lots of low-paying jobs, but if you choose carefully and use the approaches I lay out in this post, you can still make good money while doing work you enjoy.

Another thing that’s great about online freelance marketplaces is that you can find jobs that don’t require any formal experience or training.

For example, my first job was writing short, templated children’s stories — basically the writing equivalent of “paint by numbers.” Just about anyone could have done it, and it was a great way for me to get my feet wet and earn some quick money ($340 by the end of my first week… not bad for a guy with just a laptop and a bank account!).

Step 2: Create a Targeted Writing Sample

OK, here’s the elephant in the room: I had absolutely no examples of previous work to show to potential clients on Day 1.

This can seem like a big hurdle when you’re starting out, but it’s really not.

It turns out most clients don’t care if you have a “complete portfolio” (whatever that means). I’ve found that a single, short writing sample is often enough to get you hired, as long as it’s closely related to the gig you’re applying for.

This makes sense when you think about it, since writing jobs tend to vary pretty wildly from one another. So when it comes to showing off your writing samples, relevance is far more important than quantity.

Think of it like ordering a wedding cake: If you want a unique flavor, then you’re probably going to choose a confectioner who can offer you a sample of a cake that’s the most similar to the flavor you’re imagining.

Based on this psychology, I took an unconventional but extremely effective approach to applying for writing jobs online.

If a job description called for an article about, say, the health benefits of coffee, I’d write up a short article that talked about the health benefits of red wine, and show that to the client as proof that I could complete the job. (Note that my sample in this case was a similar “flavor” to what the client needed, yet still different enough that it wouldn’t be misunderstood as a “free sample.”)

This strategy paid off, big-time. My writing samples grabbed clients’ attention and got me hired for lots of gigs, including ones that paid $40-$50 per hour.

Step 3: Write a Super-Simple Proposal

So you’ve found a writing gig that sounds interesting, and you’ve got a relevant sample ready to go.

Now, it’s time to write a proposal — this is essentially your job application, but we’re going to make it very short and simple — and attach your writing sample to it.

Remember, I started off with no experience, so I had to take the focus off of me (a good practice for seasoned writers too, since clients don’t want to hear all about us), and let my highly targeted writing sample do the selling for me.

Instead of writing a long, detailed proposal about myself and my work history, I just banged out a few sentences letting the client know that I’d attached a writing sample that was very similar to what they were looking for. (Remember, relevance is key.)

That’s it.

If you put yourself in the client’s shoes, you’ll realize that although this “pitch” is ridiculously simple, it’s also very hard for them to resist. They’re likely to read your sample even if only out of curiosity at that point!

And once they do, you’ve got a good shot at winning that job, since, as we discussed earlier, your sample will probably be the most relevant one they receive.

Will You Try This System?

There you have it: the exact 3-step process I used to go from zero to well-paid writer, while never having to send out a single cold-email or do an ounce of networking.

There are two things I’d like you to take away from this post:

  1. Earning a good income from writing is totally doable, even if you’re starting with no experience, and
  2. It doesn’t have to be as complicated as most people think.

So if making money writing is something that interests you, I hope you’ll give it a shot.

Your Turn: If you’re a freelance writer, how did you get started? Share your strategies in the comments!

Danny Margulies is a six-figure freelance copywriter on a mission to help others succeed as well-paid writers. Get his top 5 hacks for making money on Elance, totally free.

The post How to Start Making Money as a Freelance Writer: A 3-Step Process appeared first on The Penny Hoarder.



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SBS puts shows on chopping block

THE multicultural broadcaster says it will be forced to cut programs after its bid to screen more ads was rejected.

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Court slaps Wynn with $422,389 in fees & costs

Casino baron Steve Wynn is no stranger to self-inflicted wounds. He just suffered another one in his ill-advised slander lawsuit against stock market short-seller James Chanos.

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