Bustle Plans On Newsletter Subscriptions Becoming An 8-Figure Earner. Will It Work?
Kayleigh Barber asked Dan Oshinsky to weigh in on the likelihood of Bustle Digital Group achieving its ambitious income goals with the 14 (soon to be 15) newsletters it publishes.
“Based on what Oshinsky has seen with the publishers he works with, a ‘best-in-class’ unique open rate is 30% or above. A 20% average open rate is not bad, he added, but he said that while BDG focuses on growing its total list size, it will be important to monitor that engagement does not drop off as a side effect of new subscriptions.”
Psst! Dan is also slated to lead a workshop for Newsletter Fest. We’re discussing a presentation on different newsletter business models. Stay tuned.
Related: Check out how The NY Times aims to convert newsletter readers into paid subscribers.
Take Time to Strategize (Copy this Brief)
Dan Oshinsky, former Director of Newsletters at BuzzFeed, currently runs Inbox Collective. He sends out a monthly link to a Google Doc called Not a Newsletter. It’s loaded with newsletter news, resources, and advice.
Check out Dan’s Newsletter Strategy Positioning Brief (make a copy for yourself) and make sure you set goals, track key metrics, and define your primary audience. It’s a great planning doc you should revisit regularly.
The Ultimate Screen Share Is In The Works
Seth is at it again flexing his video making skills and we’ve got our first promotional video for Newsletter Fest ready. We’re also working on a longer version (with speaker names).
Help us spread the word by sending all your favorite newsletter creators to NewsletterFest.com. The site is a work in progress, but we love bringing you along for the journey, so be sure to subscribe for updates (link under video) and register for workshops as they are announced.
And, yes, I know both Dan Oshinsky and Mary Ellen Slayter’s eyes are closed in this screenshot. I feel like it really sets the tone for the entire event. Click through to see them in action.
Note: If you have reached out to me about being a speaker, I promise I will be in touch. It’s been a hectic couple of weeks. People really love this idea!