⚡ #113: Are paid newsletters right for you?


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Welcome to Growth Currency

This is the #113th edition helping you start + grow + monetize your newsletter.

Check out older editions here: Past Editions »

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What You Need To Know

News from GC & the Newsletter industry

→ beehiiv introduces Comments | New Feature

→ LinkedIn Adds New Newsletter Showcase Tools to Help Users Tap Into Newsletter Growth

→ Register for SparkLoop's FREE Newsletter Office Hours with Daniel Hoeft from The Daily Upside: Scaling to a newsletter to 1M subscribers [Tues, April 4th]


ARTICLE by Growth Currency

Starting a paid newsletter or pivoting to one is tempting for a number of reasons…

  • recurring revenue
  • no dealing with advertisers
  • recurring revenue
  • scalability
  • recurring revenue

All that — AND did I mention the recurring revenue? 😁

Any way you slice it, charging people for your content is a tempting proposition.

But is it the right choice for you?

In this article, I'll cover:

→ What to consider before going paid
→ 3 types of paid newsletter strategies
→ Popular paid newsletter examples— and how they charge

Read the whole article »


LINKS by Growth Currency

"Knowledge is the currency of growth."

START YOUR NEWSLETTER

Why everyone should start an email newsletter by Ali Abdaal

My Take: I mean, if Ali Abdaal is saying it...

GROW YOUR NEWSLETTER

7 Paid Newsletter Growth Strategies by Danielle Desir-Corbett

My Take: Decided to start a paid newsletter? Awesome. Now you have to GROW it. Danielle has successfully grown her Grants For Creators Substack ($100/yr subscription) to nearly 3,000 subscribers—incl. 400 paying subscribers. Now she's sharing some of her best growth tips!

IMPROVE YOUR NEWSLETTER

The Email Deliverability Guide by Emanuel Cinca (via Stacked Marketer)

My Take: You're going to want to save this one and refer back to it often. Most would charge for a guide like this 👀

MONETIZE YOUR NEWSLETTER

When I announced that sponsorships for the newsletter were sold out until May, I got questions by Chenell Basilio

My Take: I love what Chenell did here with her newsletter ad strategy:

  1. She casually announced she was potentially running newsletter ads by surveying her audience about how they'd feel about it
  2. She followed Josh Spector's strategy of pricing the ads below market value in order to sell them out and create scarcity
  3. She wrote her own copy to improve click rates and increase ad value
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Chenell Basilio
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@chenellco
March 17th 2023
12
Retweets
146
Likes



(GC ⚡ Newsletter Of The Week)

The Newsletter Operator by Matthew McGarry

Learn the exact tactics top newsletters are using to grow & monetize.

Matthew has helped some of the biggest newsletters in the world with paid growth, including The Milk Road, The Hustle, 1440, and The Gist—to name a few. Now he breaks down everything he's learned into a weekly newsletter.

Join 3000+ founders, creators, and operators for free »


Thanks for making it to the end—I try and save some personal ramblings for this space.

What a week!

Firstly, thank you all who replied to last week's newsletter & Twitter post with your kind, congratulatory words about my new job announcement — it means so much :)

(In case you missed it 👇 )

twitter profile avatar
⚡ Dylan Redekop || Newsletter Strategist 💙💛
Twitter Logo
@growthcurrency
March 23rd 2023
1
Retweets
105
Likes

To help celebrate—and for some work-life-newsletter balance—I'm taking a week off publishing this newsletter.

A mini hiatus. A micro sabbatical. A spring break?

Call it what you want, but it's happening! (Fwiw, I haven't taken a week off publishing GC⚡ since January 2022)

Looking forward to catching up with you in a few weeks—


How would you rate this edition?

⚡⚡⚡⚡⚡ Electrifying!
⚡⚡⚡ A decent jolt.
Just static...

And in case you missed it, here are last week's TWO most popular links:

#1: Optimizing your Opt-in Page by Jens Lennartsson (67 clicks)
#2:
Earn Hundreds Per Month In 2023 With a Simple Newsletter Signup Form (No Joke) by Burk (53 clicks)


Other resources to help you:

The 1KS Roadmap: A Free Course To Your First 1,000 Subscribers
The Ultimate Creator Database of Awesomeness
Advertise in this newsletter

Peace and platonic love,

Dylan

Twitter | Medium | Instagram | TikTok

GROWTH CURRENCY⚡

Join 4k+ subscribers learning how to START + GROW + MONETIZE their newsletters with weekly insights, tips, and resources.

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