6 Step Checklist To Build A $100,000+ Paid Newsletter On Substack
Table of Contents
Introduction
This tutorial outlines a six-step framework for building a successful paid newsletter on Substack, aiming to generate $100,000 or more in revenue. Whether you are a writer, business owner, or just starting, these strategies will help you effectively structure, scale, and monetize your newsletter while maximizing reader engagement.
Step 1: Pick a Topic Attached to a Traffic Engine
- Choose a newsletter topic that has a built-in audience or demand.
- Research popular subjects within your niche that attract traffic, such as trending topics or evergreen content.
- Ensure your topic aligns with interests that can generate consistent reader engagement and subscriptions.
Step 2: Make Your Newsletter Tangible
- Offer concrete value through your newsletter by focusing on actionable insights or practical advice.
- Use examples, case studies, or real-life applications to make your content relatable and applicable.
- Clearly define what readers can expect to gain from your newsletter, emphasizing tangible outcomes.
Step 3: Implement the One Free, One Paid Strategy
- Provide one piece of content for free to attract subscribers and showcase your writing quality.
- Follow up with a paid offering that expands on the free content, enticing readers to subscribe for more in-depth information.
- Use this strategy to build trust and demonstrate the value of your paid content.
Step 4: Send Paid Snippets to Your Entire Free List
- Occasionally share snippets of your paid content with your free subscribers.
- This approach not only teases the value of paid content but also encourages free subscribers to consider upgrading.
- Make sure the snippets are engaging and provide enough value to spark interest.
Step 5: Put the Paywall Preview at a Cliffhanger
- When offering paid content, use cliffhangers to create intrigue and encourage subscriptions.
- Give readers a taste of the content, but leave them wanting more to drive conversions.
- Ensure the paywall preview is enticing enough that readers feel compelled to pay for full access.
Step 6: Leverage Substack Notes
- Utilize Substack's note feature to share quick updates, thoughts, or insights with your audience.
- This can serve as a way to engage with readers more frequently without overwhelming them with full newsletters.
- Notes can help maintain interest and keep your audience connected between major newsletter releases.
Conclusion
Building a successful paid newsletter on Substack involves careful planning and strategic execution. By choosing a lucrative topic, delivering tangible value, and employing effective marketing techniques, you can create a thriving newsletter that generates substantial revenue. Consider applying these steps to start your journey toward a profitable newsletter, and don’t hesitate to experiment and refine your approach based on reader feedback.