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Paying for Email Subscribers
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I think you are panicking much.

Even if its a very saturated niche as you say. Paying for just email subscribers its a bit much. You can have email subscribers just running a PPC Campaign and it will cost you much less.

Here is a suggestion. Build a landing page for email subscribers and then start sending traffic through PPC Campaigns. Track and analyze everything along with them target your audience very specifically, filter them in every possible way. And you will have your email list in no time.
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