I have made just about every mistake possible in e-mail marketing and I am still learning. I have a list of 2500 but only get open rates of 20%. But I also have a client that gets open rates of over 50%. That list is only 600. Who has the better list? Without a doubt the one with 600 and it creates business. Why? It was created solely with direct sign-ups.
People want to increase e-mail mailing because it is free. But e-mail is not free. It takes effort, great content and current material. E-mail is struggling as a medium, it is still push marketing. But I have this junk mail theory, if it is cool enough, it is not junk. If an e-mail is worthwhile enough, it is not spam.
I believe an active small list allows you to target your message better and therefore have a more interested party. I would have a tendency to recommend not increasing their list but segregate it into more accurate groups. I think what makes a great list is creating more of a direct message to individual groups within the entire group. Than grow it by doing this:
A suggestion, create a referral program:
1. Segregate the list into groups.
2. E-mail only twice a month with more precise content.
3. Personalize as much as possible
4. Ask for referrals(forward e-mails) and if your friend signs up???
5. Become a guest writer on another's e-mail. Leave them write on yours. Each of you, of course would get a link to that persons. Ask for a signup to yours inside the post.
6. People that have customer traffic, create an offer to acquire their e-mail, especially at point of sale or a computer that could print a coupon.
7. Get and post testimonials about your newsletter, everywhere.
If they want to create a better list, make a better offer to get the name or better yet content that someone wants to read. If you want to grow your list do it from within not by trying to acquire more.
And then to start blogging.
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