Newsletters

A recipe for a newsletter that “VERY successful people would pay a lot of money for”

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A few days ago, I wrote an email floating the idea of a paid newsletter of business practices from other industries. Basically, giving subscribers Jay Abraham’s “industry cross-pollination” idea on a silver platter.

I said in that email I will most probably never end up creating such a newsletter. To which I got a message from marketer Frederik Beyer, who wrote:

===

Industry cross pollination sounds like something VERY successful people would pay a lot of money for.

Those people don’t have time to sift through articles and such, but they DO have the assets/resources to leverage any cross-pollinating ideas you could come up with.

Are you SURE you don’t want to read whatever suits your fancy and get paid to come up with ideas for wealthy people with networks who can help you leverage your skills even MORE?

===

Never say never. I certainly have no plans to do this now.

But a newsletter like this is something I’d like to see and even be happy to pay for, if it gave me new ideas for what I myself can do.

So let me give you the recipe for creating such a newsletter, in the hope that you will create it, that it will be great, ad that I can subscribe:

1. Google [“industry news” + insider].

2. Sign up to all the “[Industry] Insider” newsletters that pop up. There are dozens of them (Manufactured Housing Insider, Linux Insider, Gambling Insider, Fashion Insider).

3. Read or get AI to summarize the business practices standard in different industries, as reported by these newsletters you’ve just signed up for.

4. Pick one business practice from some industry X; expand it with a few examples and a bit of detail/context.

5. Explain how this industry practice from industry X could be relevant to a different end industry Y, the one made up of your subscribers. For personal interest, I would hope this industry Y would be “online information businesses” or something similar. But you can pick whatever end industry you want, and in fact, I imagine you can create a whole bunch of these newsletters for a whole bunch of end industries Y, Y’, Y”…

6. (Optional: pick a few other industry business practices from other industries, along with links to relevant articles online to find out more.)

7. Format all your findings as a weekly or monthly newsletter with a paid subscription. Depending on the end industry you pick, I imagine you can charge a few dozen dollars to a few hundred dollars per subscriber per month.

I had this idea yesterday because I actually subscribe to a couple such “Industry Insider” newsletters. I realized it’s a newsletter format that repeats across industries, and that gives you all the raw materials for the kind of “Industry Outsider” newsletter I was thinking of.

And if you’d like to see the best, most interesting such insider newsletter I personally subscribe to… and find out the high-tech stuff happening in the fitness and wellness industry… and maybe get inspired to create your own publishing empire helping wealthy people with networks:

https://insider.fitt.co/

Sign up to Author Stack because it might be interesting or valuable to you

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Today I would like to get you to sign up to Author Stack. it’s free, though you can also pay if you want.

Author Stack is a Substack newsletter by Russell Nohelty.

It’s a newsletter for writers. It covers the mysterious business side of writing, as opposed to the familiar technical side that everybody else yaps about, telling you to tack on an ‘s’ to the the verbs in your headline (“TRIPLES your response!”).

As I wrote a few times over the past week, Russell reached out to me when he read that I’m going down the paid traffic route.

He offered to do a recorded interview, and share his experiences spending $30k to grow his own audience, which now stands at over 70,000 subscribers across his different newsletters.

I was grateful to Russell for the offer and for the info he shared with me.

I asked if there was something I could do in turn to make this worthwhile for him as well.

But Russell said he’s not worried about it. “If you put out good and do things with cool people,” he said, “things usually work out like they’re supposed to.”

Outwardly I smiled. Inwardly I cursed. I hate it when people are relaxed, generous, and non-needy around me.

Fortunately, Russell does write Author Stack, and I would like to get you to sign up for it.

Not because Russell asked me to (he didn’t) or because he was nice to me (he was).

Sure, maybe everything I’ve told you so far can be a bit of proof, or a bit of context to help ease you through the link at the bottom.

But really, I would like to get you to sign up to Author Stack because it might be interesting or valuable to you.

Author Stack can be interesting to you if you’re into things like Substack gossip… newsletter growth… or newsletter monetization strategies.

Author Stack can be valuable to you if you write or you want to write — newsletters, books, comics — but more than that, if you want to make money writing, and you’re looking for practical guidance on how to do that in the current moment.

Like I said, Author Stack is a Substack newsletter.

Like many Substack newsletters, there’s a free version and a paid version.

You can get the paid version if you like… or you can choose to not get it. The advice and info that Russell provides in the free version is already copious, and interesting and valuable without any add-ons.

Final point:

I’m not an affiliate for Author Stack. I am personally signed up to get it.

If you would also like to sign up for it, try it out, read Russel’s articles and see if they can benefit you, or open up your mind about what’s possible in the business of writing today:

​https://www.theauthorstack.com/​

The reputation benefit of a bigger list

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My own email list — this one, about marketing and copywriting and influence — is tiny. But some of the people on my list have much bigger lists than I do.

One such person is Russell Nohelty. Russell is a bestselling author of fantasy books and comics. He also writes about the business of writing, and he runs Writer MBA, a membership program to help writers make more money.

Russell’s audience on Substack is over 70,000 people.

Last week, when I started writing about my plan to grow a new list via paid traffic, Russell reached out. He offered to share his experiences spending $30k since February to grow his audience.

Russell and I got on a call this past Monday. It was interesting and valuable throughout, but one thing in particular stuck with me, something Russell said about the reputation benefits of various list sizes. In Russell’s words:

===

There were a couple of break points where everything felt different.

10,000 emails felt different than 8,000.

30,000 emails felt way different than 20,000 emails.

From my experience, talking to other people, 50,000, 80,000 — there’s different break points where people go, “Oh you’ve got 45,000 people on your list! Yes, I want to get in front of them!”

Promotions become easier. When you’re a Dream 100 guy like I am, you can reach out to almost anyone and be like, “Hey, do you wanna be in front of my 35,000, 45,000, whatever the number is, people.”

===

I can imagine that somebody somewhere has just crossed his arms and frowned. “Well, I’d much rather have a small but mighty list than a stupid big list that doesn’t read or buy from me.”

Sure. It’s my policy as well with my own list. That said, you can have both a large and a mighty list — Russell does.

But here’s the sneaky thing:

All of us constantly use mental shortcuts to evaluate the people around us and the choices we have.

On the one hand, a large list is an immensely valuable asset for its own sake.

On the other hand, a large list is also an immensely valuable asset because of its reputation benefit. Because people treat you differently if you get one. Because opportunities open up which would be closed otherwise.

All that’s to say, if you got a business, and a list, but it’s not quite going how you’d like… then the solution might just be to get a bigger list. Maybe if you can make it to the next break point, like Russell says above, then your problems now might just go poof.

Which brings me back to my plan to grow a new list via paid traffic.

If you like, you can join me. You can build up your own list using the same process I will be following, and get my copywriting feedback and marketing input while we work alongside each other.

I can tell you right now that the investment for this offer is $497 to get started, plus $10-$15 a day for ads. If that doesn’t deter you, hit reply and tell me so, and I can give you more information.

The course I wish I had created

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Just a few moments ago, I sent an email to marketer Matt Giaro, telling him he’s free to use the following line and to attribute it to me:

“You took the information I gave you and ran with it much further than I did, and developed a complete system for it and got repeatable results from it, unlike me. I wish I had done what you did, but now that you’ve done it, there’s no need for me to do it on my own and duplicate the work.”

The background:

Some time last fall, Matt contacted me.

​​He saw that, earlier in the year, I had run a $300 classified ad in Josh Spector’s newsletter. He was thinking about doing the same, and he wanted to know my experiences.

So we did a quick little one-hour paid consult.

I told Matt how I ran a few successful newsletter ads (Josh Spector, Daniel Throssell), where I got hundreds of new subscribers who paid for themselves, usually on day zero.

I also told him about the unsuccessful newsletter ads I ran, which just cost me money and probably sender reputation (I’m looking at you, Udimi).

And that was that. Matt said thanks, and we went our separate ways.

Until this March. That’s when I saw that Matt was launching a new course, called Subscribers From Scratch. It was all about how he was getting high-quality newsletter subscribers by running little ads in other newsletters.

The fact is:

The way I was running newsletter ads required a good deal of work. It wasn’t something that I wanted to do every month, much less every week or two.

And since I have plenty of other shiny gewgaws to distract me, I never bothered to figure out how to run newsletter ads repeatably and to still get good results.

But Matt did figure it out.

He took what I told him and ran with it. He developed his own system that allowed him to get a few dozen or a few hundred subscribers each time he ran a newsletter ad.

But much more importantly, he figured out how to get quality subscribers, subscribers who ended up paying for the ad, often in a matter of days.

So like I said to Matt, his Subscribers From Scratch is the course I wish I had created.

I wish I had taken the trouble to figure out a repeatable, scalable system for running newsletter ads. I wish I had packaged it up and sold it.

But I didn’t. And now that he’s done it, I won’t have to.

Right about now, you might expect me to plop in an affiliate link for Matt’s Subscribers From Scratch.

That won’t happen.

Subscribers From Scratch normally sells for $397. But I got Matt to agree to give away a “lite” version of it — all the training and how-to information, minus the bonuses and templates — for free.

Well, for free if you’ve already bought my Simple Money Emails course. Or if you buy it before this Saturday, June 1, at 12 midnight PST.

If you’ve already bought Simple Money Emails, you should have gotten an email from me already with the instructions on how to claim Subscribers From Scratch Lite.

And if you haven’t yet bought it, but you want to learn how to write effective daily emails that make sales, and get Matt’s Subscribers From Scratch Lite for free, and learn how to get readers who actually buy from the emails you write, then here’s where to go:

https://bejakovic.com/sme/

The end of newsletters

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Well, the end of my newsletter.

No, not this one. This one will keep going, as long as I keep needing therapy and as long as I keep refusing to trust anyone else with the task.

But as of today, I have decided to stop publishing my health newsletter.

I started that newsletter in January 2023. I published a new issue every week until this week — some 120k words in total.

Researching, writing, and publishing all that word-tonnage took up 300-400 hours of my productive waking time over the past 15 months.

And yet, I’m closing the old heap down. My reason is simple:

I couldn’t get my health newsletter going as a business. And rather than thinking about what I’ve already invested into it, I’m thinking about the time, money, and effort it might still take to turn it into something.

It’s not simply a matter of persistence, either. Because knowing what I know now, I’m not sure my health newsletter would ever turn into something, even if I were to persist.

I could tell you my arguments for that, or my predictions for the future of newsletter businesses.

But instead, I’ll share something by someone much more invested in newsletters than me. That someone is Scott Oldford.

Over the past year or two, Scott bought up dozens of newsletters and newsletter-related businesses with the goal of creating a newsletter roll-up. And then, here’s what he found:

===

Our model originally with newsletters was to create lead flow for the companies that we owned inside of our portfolio.

As time went on we ended up a little further away from that model than I’d like to admit.

We attempted to monetize in many different ways and in the end we realized that keeping it with its original intent was a much better strategy.

[…]

We realized that the cost of running a media company at scale simply did not make sense and majority of the costs were actually from attempting to make it a direct-profit driver instead of a value-driver for the dozens of businesses we own and eventually hundreds of businesses we will own.

In short — newsletters and owned media makes a lot of sense. However, I believe the opportunity that people see isn’t the true one.

The real opportunity? Owning your audience.

===

For me at least, it’s the end of newsletters as a business.

​​On the other hand, I will be looking for a business to start or grow, one where a newsletter could be a valuable tool.

Maybe you’re lucky, and you already have a business like that. Maybe you even have your own owned audience. But maybe you’re not doing anything with it.

If so, you’re not alone. I’m always amazed by how many businesses have email lists of tens of thousands of leads or even buyers — that they never do anything with.

If you want my help or advice with that, hit reply and we can talk.

​​Or if you don’t want my help, and you want to profit from your email list all by yourself, here’s how to start writing a newsletter that complements and feeds your business:

https://bejakovic.com/sme/

Is the daily email marketplace glutted?

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I’m on the Amtrak from New York to Baltimore, sitting the wrong way, away from the direction of travel, bouncing up and down as trees and warehouses zoom by me. It’s not a great time to write a daily email.

​​Fortunately, a long-time reader fed me a good email prompt a few days ago. He wrote:

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For a while now, I’ve been feeling like I’m inundated with emails from copywriters, marketers and direct marketing companies.

Until a few months ago, I took pleasure in reading everything.

Now I don’t anymore.

[…]

Lately, I enjoy reading newsletters about what is happening in the world, novels, history books, detective stories, and business history textbooks.

I hope this metamorphosis of mine is normal.

===

My reader’s message sums up the concept of the sophistication of the marketplace, as described by legendary marketer Gene Schwartz, in the experiences of one person.

A man will enter a specific marketplace. He will be new, interested, and engaged by just about everything there.

In time, he will become more selective, more skeptical, or even leave that specific marketplace altogether.

Is this a problem?

​​Is it a vote against ever starting a business in general?

​​Or is it a vote against starting a daily email newsletter right now?

Of course not.

The fact is, there are uncountably many humans alive on the planet right now. You only need a tiny number of them to be interested in what you are writing or selling right now to do very well for yourself and your business.

It’s much like a direct mail sales letter, which will typically only get a 2% response rate, even when mailed to a highly qualified list of prospects.

98 out of 100 targeted, pre-selected prospects won’t get the sales letter… or won’t bother to read it all the way to the order form… or won’t be persuaded to buy.

Only 2 out of 100 will actually respond and send in any money.

And yet many big fortunes over the past century have been built on those 2%.

The same applies to you today, with even more extreme numbers.

That said, it is undeniable that different formats – email newsletters as opposed to video courses as opposed to books — will attract different kinds of people, and in different mindsets and stages of sophistication.

In my experience, he more serious and successful people are, the more likely it is that they read books.

So if you do write a regular newsletter, it makes sense to adapt your best content, and turn it into a book. You will often reach great prospects who might be among the 98 out of 100 who would never read your newsletter, at least not today, before they really know you and trust you to have something worthwhile to say.

That was one of the motivations for my 10 Commandments of A-list Copywriters book.

​​That book was quick to write. And yet it’s one of the best thing I’ve ever done for my standing in the industry and for attracting quality readers to my newsletter — readers who might never have read otherwise.

For more info on this quick and yet worthwhile book:

https://bejakovic.com/10commandments

The uncertain result of my Newsletter XP promo

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Yesterday, ex-Agora copywriter Thom Benny, who I met up with in Barcelona last month, texted me and asked,

“How is the Newsletter XP promo doing?”

I threw up my arms at this. “How am I supposed to know? There’s a deep fog around the Bejako household, and I can’t see past my own nose.”

The Beehiiv people don’t normally do affiliate deals for this course. I had to ask them over and over to let me promote it.

When they finally agreed, it was a bit of a technical kludge to make it happen. So there’s no affiliate portal. There’s no direct way for me to know how many sales I’ve made.

I saw a buncha clicks. Two people wrote me to say they bought. I wrote my contact at Beehiiv now to ask what the final result was.

But if I had to bet, I would bet I made 3x-4x the money for writing these 7 emails than I ever made for any equivalent campaign I wrote back in my freelance copywriting days.

So let me repeat the core idea I was selling during this whole promo, even though I won’t get paid anything for it now. It’s this:

Start a newsletter. Or start growing a list. Or find another little asset that you can invest into regularly.

It might bear no fruit today. But keep watering it. And you will be pleased and surprised one day soon.

This concludes the first of three affiliate promotions I promised to do over the next few weeks.

The next affiliate promo I will do involves a writing course for business owners who want to build an audience on social media.

I’m going through this course myself right now. And I find myself repeatedly surprised by how well-done and insightful it is.

To make this offer even sweeter, I will add in my own free bonus. It will be equal in price to the actual course I am promoting.

This bonus is a rare training I once put on, after years of research. Several people told me this training has influenced their own writing a lot. But more about all that soon.

How to grow a newsletter by 15k subs in one day

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Today is the last day of my promotion of Newsletter XP, the star-studded course on how to build, grow, and monetize a successful newsletter.

So let me give you a case study from that course. It comes from one Jenny Rothenberg. Jenny was the head of growth at Morning Brew as Morning Brew’s audience scaled from 100k to 2.5M.

Jenny then started her own newsletter growth agency, Smooth Media. She now works with big creators brands. One of these are Colin and Samir. I’d never heard of them but apparently they are big on YouTube. Jenny worked with them to create a video that drove 15k subs to their newsletter in one day.

“Aw that’s just great!” you say. “They probably have millions of followers on YouTube! Come on!”

Sure.

But Colin and Samir didn’t simply create a video that said, “Hey we have a newsletter, come sign up.” Even with a big audience, that won’t drive 15k subscribers in one day.

Instead, they used fundamental human psychology, which you too can use, even if you don’t have a million YouTube subscribers.

There was scarcity (“We’re gonna delete this video in 24 hours”)… a giveaway… a partnership with another big creator… and a completely on-brand, value-prop match between their YouTube channel and what their newsletter was about.

You can do this too, even if you have a following of 99 people. But what if you have no other audience to tap into at all?

Inside the same module of Newsletter XP, you can hear Jenny talk about other ways to benefit from people who do have audiences — on YouTube, TikTok, Twitter.

​​This is part of a bigger discussion that happens inside the course between Jenny, Tyler Denk (CEO of Beehiiv), Alex Lieberman (former CEO of Morning Brew), and Dan Krenitsyn (previously BuzzFeed, now Facebook).

They all have war stories, and they all have unique answers to the question that this module is built around, which is:

“What is your playbook for taking a newsletter from 100→10,000 subscribers in a year?”

If you’d like to hear that discussion and profit from it, I suggest you act now.

I’ve managed to claw out a $200 discount for you from the usual price that Newsletter XP sells for. That discount is good until tonight, Monday Feb 26, at 12 midnight PST. If you’d like to take advantage of this, here’s what to do:

1. Go to the Newsletter XP sales page at https://bejakovic.com/nxp

2. If you decide you want to get Newsltter XP, then use coupon code JB20 at checkout.

3. Make sure the coupon code works — that you see the price drop by $200. This is not my funnel, and if you end up buying at full price, there’s nothing I can do about it.

Magic meetup

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I just come home from the inaugural Bejako Barcelona meetup.

A month ago, I sent out an email asking if anyone on my list would like to meet me in Barcelona, where I happen to live.

Some 15 people replied to say yes. (Though one guy said yes from Japan. Hi Logan.)

Of the 15 who expressed interest, 6 said they would come for sure when I set the time, and a couple more said maybe they could make it.

Today, four of my readers actually showed up.

We had a lawyer who quit his job last week to become a copywriter… an info-business owner in the dating space… a creative copywriter who has added direct response to his arsenal… and one author of a soon-to-be-published thriller book.

They were all nice. All smart. All had interesting life stories.

Before, during, and after this meeting, I found myself amazed, once again, that the typing I do in the silence of my living room has real-world effects.

It’s like magic. Money somehow shows up. Opportunities appear. Real-world connections are formed.

All that’s to say:

Start a newsletter.

It’s like magic.

I’m currently promoting Newsletter XP. It’s a course hosted by Alex Lieberman and Tyler Denk, people who started and built up Morning Brew (Alex, then Tyler) and then started and built up Beehiiv (Tyler only).

These guys, and the high-profile guests they feature, know how to start a newsletter. They know what kinds of content gets read. They know how to get more people reading a newsletter. They know how to make money just by sending emails.

If you’d like more magic in your life, and if you want to start a newsletter as a way of creating some magic, then Newsletter XP can be a valuable tool for you.

And until Monday, just two days from now, I’ve managed to claw out a $200 discount for you from the usual price that Newsletter XP sells for. If you’d like to take advantage of this, here’s what to do:

1. Go to the Newsletter XP sales page at https://bejakovic.com/nxp

2. If you decide you want to get Newsltter XP, then use coupon code JB20 at checkout.

3. Make sure the coupon code works — that you see the price drop by $200. This is not my funnel, and if you end up buying at full price, there’s nothing I can do about it.

How to create value from a broke, flaky, uncommitted audience

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This week, I’m promoting Newsletter XP, a course on how to build, grow, and monetize a successful newsletter.

The undeniable star of the Newsletter XP show is co-host Alex Lieberman.

​​In 2015, Lieberman started Morning Brew, an email newsletter covering the day’s business news. Within five years, he built up Morning Brew into a 9-figure company. In 2020, he sold a controlling stake in Morning Brew for $75 million.

There’s a bit in the monetization section of Newsletter XP where Alex is asked to give an example of how he pitched big brands like IKEA on buying six-figure ad packages in Morning Brew.

​​Alex obliges.

He delivers a 1 min 24 second masterclass — the pitch he performed 10 times a day, every day, for three years.

​​His pitch is truly impressive because what he is really selling is an audience of 18-30 year olds, largely broke, uncommitted, and flaky — not an audience any serious business would be excited to advertise to.

And yet, Alex does it with such enthusiasm, cleverness, and conviction, that by the end of his pitch, I bet the IKEA marketing execs were begging him to run their ad, versus the other way around.

Once again, this pitch was how Morning Brew got to tens of millions of dollars a year in ad revenue, before Alex cashed out for $75 million.

You can use Alex’s IKEA pitch to inform your own sales strategy if you want to start a newsletter and you’re bent on selling ads to big brands for a lot of money.

Or, you can use Alex’s pitch to guide where you take your newsletter.

Because you might not be getting into the newsletter business to hang out on LinkedIn and pitch marketing managers 10 times a day.

​​The good news is, Newsletter XP gives you real options for both the ad-supported path to monetizing your newsletter, as well as the no-ad path, where you simply create content you love and get paid well to do it.

It’s all there inside the course.

​​I’m promoting Newsletter XP until Monday, Feb 25, at 12 midnight PST. During this promotion, you can get $200 off the usual price of Newsletter XP. Here’s how:

1. Go to the Newsletter XP sales page at https://bejakovic.com/nxp

2. If you decide you want to get Newsltter XP, then use coupon code JB20 at checkout.

3. Make sure the coupon code works — that you see the price drop by $200. This is not my funnel, and if you end up buying at full price, there’s nothing I can do about it.