1/ I often get asked how @MorningBrew got its first 10k subscribers. So, I’m just going to share some thoughts here:

[thread]
2/ I joined @businessbarista in 2014 to transform a PDF attachment with 250 readers into a media business.

We had 0 money to spend on marketing, so we had to get creative.

We had to (quote @paulg) do things that don't scale.
3/ We were students at the University of Michigan at the time, and knew many business lectures had 400+ students.

We spent weeks asking professors if we could speak in their econ/accounting/finance 101 classes.
4/ We thought it would be EASY.

Who didn't want to get smarter about the business world in 5 minutes?

We thought: make a quick 5 minute pitch in front of 500 people, and 500 people would sign up! Not so easy...
5/ Professors let us pitch their classes, but they gave us the *first* 5 minutes of class.

No one was paying attention. Not a single person.

They were checking the news or prepping for class, but definitely not listening to us.
6/ We decided that if people weren't going to go and sign up themselves, we had to do it for them.

After we pitched a lecture, we'd pass around pieces of paper for everyone to write down their email.

Simple, but turned out to be *very* effective.
7/ This simple act took conversion rates from <10% to >75%.

No one wanted to sign up themselves. But, no one had a problem writing their email on a piece of paper if put in front of them.

We then sat outside the lecture hall and manually signed everyone up.
8/ Within a few weeks we got to thousands of daily readers.

We then asked ourselves: "what if we can did this on every campus across the country?"

So we launched the "morning brew ambassador program".
9/ We had hundreds of college students across the country replicating what we did at Michigan.

Ambassadors would:

1. Pitch their classes
2. Pass around a paper
3. Send us a picture of that paper
4. Track their progress
10/ We spent months and then eventually years modifying the ambassador program.

We tested the pitch, incentives, and size of the program.

While running the program took a ton of effort and time, we wouldn't have hit 10k subs without it.
(cont) Takeaway:

Sometimes you have to handhold people throughout a process.

A "conversion" may seem so simple "go to MB . com and sign up" but is actually too much to ask when no one knows who you are.

No one cared what we were doing. So we forced them to care.
If people enjoy this storm, I will do one all about the ambassador program, answering questions like:

- How did we run it?
- How did we incentivize our ambassadors?
- What were tips/tricks needed to succeed?
Make sure to follow me if you are interested in threads like this.

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More from @austin_rief

29 Nov
1/ I have spent the last few months reworking my schedule to spend my time more intentionally.

With a little bit of trial and error, I have come across a few tactics that have helped me spend my work days more effectively.

(thread)
2/ "No meeting Mondays".

Having no meetings on Mondays allows me to spend the full day on my deepest work for the week.

I tend to get more done on Mondays than the rest of the week combined.

Accomplishing the most important tasks of the week keeps stress levels low.
3/ No morning meetings.

I set aside time each morning for 4 things:

- Reading
- Thinking
- Putting out the fires that inevitably arise
- Planning for the rest of the day.
Read 7 tweets
21 Nov
I am still stunned by founder dilution in capital intensive startups.

DoorDash CEO Tony Xu owns only 4.4% of the business.
Stop commenting: “it’s still a lot of money”.

I KNOW. I CAN MULTIPLY 2 NUMBERS TOGETHER.

That. Isn’t. The. Point.
Read 4 tweets
28 Oct
Last week I got the best cold outreach message I've ever received.

It led to a job interview in 72 hours.

Here's the story (thread)
2/ Last Tuesday I got a DM, which led to this viral tweet.

3/ That tweet lead to him writing this newsletter in less than 8 hours... by himself! Super impressive just to be able to create this in 8 hours. And it was good!

drive.google.com/file/d/1iYiLus…
Read 7 tweets
1 Sep
1/ Last week @morningbrew hit 1 million unique daily opens.

We did it through:

- Incredible content
- Intense Focus
- A few marketing insights
- A little help from Jeff Bezos

Here is how we did it (thread)
2/ To start, our writers are absolutely incredible.

@Neal_Freyman is our content anchor, leading an incredibly talented team.

None of this growth would have happened if we didn't have the best content.
3/ Our content insight was simple

Create an email that was meant to be read *in email*

In 2015, almost every publisher @BUSlNESSBARISTA and I studied used email to drive traffic to their site.

We thought this is somewhere we could create a differentiated product - and we did
Read 15 tweets
16 Jun
1/ Running a small bootstrapped startup requires you to find arbitrage in hiring.

The only way for us to succeed was finding talent that the market was undervaluing.

At @MorningBrew, we looked for the most curious people we could possibly find.
2/We didn’t have the capital or prestige to hire “A players”

Therefore we searched for ppl who had taught themselves something from scratch — People who had learned how to code on their own, or who had multiple self-taught skills, even if those skills were irrelevant to the job
3/ this led to a small group of ppl who were willing to do whatever it took to succeed

They may spend a weekend on YouTube learning salesforce, or go the extra mile to ensure our newsletter looked perfect.

I call these people grinders. Every startup needs grinders to succeed
Read 4 tweets
6 Jun
What's the future of Peloton?

@howardlindzon has me thinking. Could Peloton become a clothing company A media company? I think both are very possible.

Currently Peloton only makes ~1% from branded apparel and 0% from media revenue.

I expect that to change drastically.
That is such a compelling ad proposition.

Complete attention on a screen for 20-60 minutes. You can't get that anywhere else.

And the customer is VERY valuable.
. @profgalloway speaks about Peloton's gross margins. Imagine when they add an ads business on top of this. Margins go through the roof.
Read 4 tweets

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