📧 Starting a Newsletter: The Underrated Way to Make Money Online
Are you looking for a way to make money online that doesn't require a lot of upfront investment? Look no further than starting a newsletter. This underrated business model is completely free to start and only requires a few hours of work per week, making it one of the best one-person business models out there right now. In fact, some people have made thousands or even millions of dollars from their newsletters.
In this article, we'll cover everything you need to know to start and grow your own newsletter. From choosing a niche to monetizing your list, we'll share every tactic we used to grow our own newsletter to 75,000 subscribers in just six months.
📝 What is a Newsletter?
First things first, let's define what a newsletter is. A newsletter is simply a weekly or daily email sent by a person or business containing news, updates, or any type of content related to what you signed up for. People will read your newsletter to learn new things, stay up to date on trends, or even just entertain themselves for a few minutes.
There really is no right answer when deciding what niche to pick, but it's best to pick a niche you already know about so you don't have to learn anything new. Even if it's really obscure, if you like it, there are other people who will like reading about it. So, the best niche is whatever you can make high-quality content on week after week.
🚀 How to Grow Your Newsletter
Once you've chosen your niche and started creating content, it's time to start growing your list. Here are some strategies we used to grow our own newsletter to 75,000 subscribers:
🤝 Lead Magnets
A lead magnet is a way of getting people to subscribe to your list by giving away something they want in return for their email. For example, you could offer a free e-book, checklist, or video series related to your niche.
Reddit is perfect for finding your target audience, aka people who might be interested in your newsletter. Search for subreddits around your desired topic and read their rules carefully to make sure you're allowed to post a link promoting your newsletter. Then, create a high-value piece of content and be very subtle about plugging your newsletter.
📈 Beehive Boost
Beehive Boost is a feature that allows you to make money just for recommending other people's newsletters. When someone subscribes to your list, a popup will display other recommended newsletters, and for every single person that signs up to those recommended newsletters, the Boost program pays you $1 to $2.
💰 Monetizing Your Newsletter
Once you have a couple thousand subscribers, other companies will happily pay you a lot of money to promote their products to your readers. Companies will pay you based on how many eyeballs you can get on their product, but it's not just about the size of your newsletter. It's about the quality of your readers and how many people are reading week after week.
🤔 Pros and Cons
Pros
- Completely free to start
- Only requires a few hours of work per week
- Can make thousands or even millions of dollars
- Can be done as a one-person business
- Can be done in any niche
Cons
- Takes time to grow your list
- Requires consistent effort to create high-quality content
- Can be difficult to monetize if you don't have a large, engaged audience
🌟 Highlights
- Starting a newsletter is a completely free way to make money online.
- A newsletter is a weekly or daily email sent by a person or business containing news, updates, or any type of content related to what you signed up for.
- To grow your newsletter, you can use lead magnets, Reddit, and Beehive Boost.
- Monetizing your newsletter involves promoting other companies' products to your readers.
- Pros of starting a newsletter include low startup costs, flexibility, and the potential for high earnings.
❓ FAQ
Q: How much money can you make from a newsletter?
A: The amount of money you can make from a newsletter depends on the size and engagement of your audience, as well as the monetization strategies you use. Some people have made thousands or even millions of dollars from their newsletters.
Q: How often should you send a newsletter?
A: It's best to start by sending one email a week and then building from there. The more emails you send, the more money you can make. However, it's important to balance frequency with quality to ensure that your readers stay engaged.
Q: How do you choose a niche for your newsletter?
A: The best niche is whatever you can make high-quality content on week after week. It's best to pick a niche you already know about so you don't have to learn anything new. Even if it's really obscure, if you like it, there are other people who will like reading about it.
Q: How do you monetize a newsletter?
A: Once you have a couple thousand subscribers, other companies will happily pay you a lot of money to promote their products to your readers. Companies will pay you based on how many eyeballs you can get on their product, but it's not just about the size of your newsletter. It's about the quality of your readers and how many people are reading week after week.
Q: Is starting a newsletter worth it?
A: Starting a newsletter can be a great way to make money online, especially if you're looking for a low-cost, flexible business model. However, it does require consistent effort to create high-quality content and grow your list. If you're willing to put in the work, it can be a very lucrative full-time job.
Don't forget to check out the AI chatbot product from Voc.ai that can automatically reduce large amounts of work on customer services. Happy newsletter writing!
