Will Ward

I got burned by a deadline, don’t let it happen to you

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This past Tuesday I got an email with the subject line,

“We’re funding your newsletter growth”

The body of the email explained that Beehiiv, the Substack competitor I use for my new health newsletter, was offering to match any money I might put into its Beehiiv Boosts service, up to $2,500.

Boosts are basically a coregistration service for various Beehiiv newsletters – you subscribe to one newsletter, you immediately get a bunch more paid recommendations you can subscribe to with just one click.

I had already used Boosts before. I knew it worked fine and delivered quality subscribers.

So taking advantage of this new “deposit matching” offer to the max was a no brainer. I understood fully that it translated into 1,000-1,250 extra subscribers for free.

To seal the deal, later in the day I got an email from my friend Will Ward. Will wrote:

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Hey you are using beehiv for your [health] newsletter right? This seems like a pretty good offer. Am considering switching over to max out the matching.

Are you on the $99 / month plan?

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I smiled and nodded to myself with satisfaction. I’m all over it already, Will.

The next day, Wednesday, I went to check the deadline for this matching offer — by when do I have to deposit the money to get Beehiiv to match my deposit?

My eyes got wide, then shot forward out of my skull, and snapped back into their sockets.

It turned out the deadline had already passed. The offer was only good until end of day, Tuesday. I hadn’t noticed this in the one and only email about the offer.

As that realization sank in, that self-satisfied smile left my face.

“Well,” I said to myself, “I never really wanted this offer anyhow.”

I even meant it in that moment. Of course, it wasn’t true. It was just my brain trying to cover up a screw-up with a tolerable emotion rather than anger or frustration.

The fact is, I got burned by the deadline. But it doesn’t have to happen to you.

Because three hours still remain before I will retire my Most Valuable Postcard #2, at 8:31pm CET tonight.

The reason why I’m retiring this offer, in case you’re curious:

As the name of it suggests, MVP #2 is really just the remains of my short-lived subscription offer, the Most Valuable Postcard, which I ran last summer.

MVP #2 should be a standalone course, with clearer positioning, with its own sexy name, with a bit more bulk, and with an extra zero or two in the price.

So I will retire it. Maybe I will bring the content back in the future, changed slightly and priced much higher.

But if you would like to get it before it disappears, at the current very affordable price, you can buy it today, of your own choosing, at the link below:

https://bejakovic.com/mvp2/

Best resource for newsletter growth ideas

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A couple days ago, copywriter and business owner Will Ward, who was in Dan Ferrari’s coaching group at the same time as me, forwarded me an email from Quiet Light, an online business broker.

This email described — without naming it – a newsletter that’s for sale right now:

“Social good and transformation” space. 300,000 total subscribers. Paid subscribers totaling almost $50,000 per month in subscription revenue. Started in May 2020. On sale now because the owner is “eager to return to her previous endeavors.” Asking price? $2.55 million.

Those numbers and dates made me wonder where the hell I was in May 2020 and what the hell I was doing then. Well actually, I can tell you almost exactly.

Right around that time, in June 2020, I sent out an email, “Expert advice on how to start an email magazine,” in which I shared an interview with Alex Lieberman.

In 2015, Lieberman started Morning Brew, a daily email newsletter with a summary of the day’s business news.

By 2020, Morning Brew was making $13 million per year in ad revenue. Later that year, in October 2020, Lieberman sold a controlling stake in Morning Brew to Business Insider for $75 million.

Like I wrote in that June 2020 email, I’d been thinking of starting a Morning Brew for X newsletter for a while, where X would be some topic I’m personally interested in.

Had I done it then, maybe today I’d be sitting on a multi-million dollar asset.

I didn’t do it then, but I did do it this past January. I started another newsletter, Morning Brew for X. X is my topic — something I’m interested in, and that I’m not sharing yet publicly. I want to grow this newsletter first and build up a bit of a moat before letting thousands of other marketers in on what I’m up to.

Anyways, as part of starting my own Morning Brew-like newsletter, I discovered there’s already a galaxy of Morning Brew-like newsletters, including many Ponziish Morning Brew-like newsletters that tell you how to grow your own Morning Brew-like newsletter.

My eyes were opened.

For years, I’d been living in the world of direct response-based, daily, Ben Settle-like emails that sell supplements or courses or dog toothbrushes. Most of those daily emails look pretty much the same, sound pretty much the same, and function pretty much the same — a good income or a nice back end.

Meanwhile, you have this cousin industry of people building $2.55 million and $13 million and $75 million businesses, using nothing other than email newsletters.

I’m not ragging on Ben Settle or his ideas. Those ideas, both for growing email lists and for monetizing them, have made me and my clients a healthy amount of money. But I do want to point out how much other stuff is happening in the world of email right now, adjacent to the little Amish world that’s centered on direct response copywriting and marketing.

Of course, this other, Morning Brew-like world has its own Amish tendencies. Also, there are literally hundreds or maybe even thousands of newsletters to choose from right now, all telling you how to make it as a creator or creative entrepreneur or a newsletter operator.

What’s worthwhile in this new world?

I can only tell you the best resource I have personally found. That’s Chenell Basilio’s Growth In Reverse.

Each week, Chenell does a deep dive into the growth strategies of a newsletter businesses — “deep” as in, it takes her 40+ hours of research to produce one of these analyses. For some reason, she does all this work and then gives it away for free.

Some of these strategies Chenell identifies I know about already. Some are new to me. Some are strategies I have no interest in trying myself myself. Some I think are very clever, and they already have me moving.

For example:

You can sign up to Chenell’s newsletter using the link below. It’s an affiliate link — though I’m not getting paid anything.

If you are curious why I’m promoting Chenell’s Growth In Reverse, beyond that it’s a great resource on how to grow your newsletter, and why I’m using an affiliate link, even though I’m not getting paid, then sign up to read her next email, which will arrive this Sunday.

​​Or sign up just because you want to grow your own newsletter and you want new ideas on how to do that. In any case, here’s that link:

https://bejakovic.com/chenell

Inspiration for would-be New Professors

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Last Thursday morning, I read an article about a man who set an unusual world record.

Between December 2018 and August 2019, he traveled around the world by boat one-and-a-half times.

And in each of the world’s five oceans, including at Antarctica and somewhere close to the North Pole, he visited the deepest underwater point, in what are called “hadal” regions.

In order to become the first person to do this, Victor Vescovo, for that is the man’s name, had to build a custom-made submarine.

He had to retrofit a big ole ship, which he had bought from the U.S. Navy.

He had to hire a crew of engineers, scientists and support staff, all there to help him in his record-setting quest.

The whole enterprise cost a little less than $48 million, which Vescovo, who made that much and more in private equity, paid himself.

But don’t think this was a foolish waste of a rich man’s money.

According to the article, the U.S Navy has showed interest in buying Vescovo’s innovative submarine + blueprints, for a little over what Vescovo himself paid to develop and test it.

In other words, there’s a good chance that Vescovo will have somebody else foot the bill for his unique and quirky passion project of the past several years.

I don’t know about you, but this sounds pretty romantic to me. It’s the kind of life I would like to live.

Not that I’m interested in exploring ocean depths, or managing a big crew, or setting world records.

But I like the idea of having a sailboat of one, sailing to an unexplored island when the mood strikes me, writing up what I’ve learned along the way, and having others pay me to live this life.

Of course, it doesn’t have to be a real sailboat or real islands.

It could just be an unusual topic I get interested in and start researching. Kind of like being a tenured professor, but without the years of clawing up the academic hierarchy.

So why am I telling you this?

No reason. Odds are, you don’t share this same dream.

But on the small chance that you do, then I want to tell you there’s hope.

I was talking to fellow copywriter Will Ward about this idea today.

And Will pointed me to the blog of Gretchen McCulloch, someone who is very much living a life like this. Gretchen has even written up a series of posts about how she became one of The New Professors (my term, not hers), and perhaps, how you can too.

I’m reading these blog posts right now. It’s good for inspiration and maybe a bit of guidance. If you want to read them too and be inspired, here’s where to get started:

https://allthingslinguistic.com/post/189045267597/part-i-what-is-a-weird-internet-career