My last startup drove tens of thousands in revenue via our newsletter
But most founders don't realize the potential of newsletters for their startup
Here's how to use a niche newsletter as a growth strategy:
Building an email list is high leverage for startups.
Unlike social media, an email list means you own the relationship with your potential users — even before they try your product.
And building an email list is the best way to take multiple shots on goal if you need to pivot.
Here's how to set up a niche newsletter:
→ Topic: What do your specific users want to read?
→ Structure: News? Entertainment? Advice?
→ Cadence: How often will you send emails?
→ Tools: Keep it simple
I'll dive into each of these 👇
Topic:
You may think your startup is too niche to build a newsletter around. It's not.
If your market can support a startup, it can support a newsletter.
If there's no dominant newsletter, this is an opportunity for you.
Find the platforms, communities, and spaces where your superniche spends time online.
Pick the one where they are most active and put out useful content.
Iterate based on their early feedback since these tend to be the most engaged subscribers.
Swaps:
Once you have a bit of an audience, find a few other newsletters that are a similar size and build relationships with them.
You can swap recommendations, or feature each other’s newsletters in place of running ads in your newsletter.
Referrals:
Don’t overcomplicate a referral program.
As a founder, you don’t want to be spending time fulfilling swag orders.
Keep it simple and offer a lead magnet for anyone who refers 1 person.
Plug this in your welcome email so everyone will see it at least once.
Paid Ads:
The secret of newsletters is that every major newsletter relies on paid ads.
Startups with capital and a clear target persona can and should start running ads as they feel confident the newsletter will be a part of their longterm strategy.
Instead, focus on:
→ A strong business model
→ High quality user experiences
→ Distribution and go-to-market strategy
→ Network effects
→ Unique data sets