Newsletter Success Requires Execution
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Sam Parr and Shaan Puri discuss the reality of building successful newsletter businesses, emphasizing that while the concept is simple, execution requires significant effort and patience. They draw parallels to fitness goals to illustrate their point about simplicity versus ease.
Key Points:
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Newsletter Business Model Structure:
- Start with low-priced front-end products ($49-$99)
- Create higher-priced back-end products ($2,000-$5,000)
- Multiple brands under one umbrella is more effective than single brand
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Success Requirements:
- Long-term patience (potentially 50+ years)
- Willingness to create multiple product tiers
- Focus on specific subcategories/niches
- Build multiple revenue streams across brands
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Reality of Implementation:
- Simple concept doesn't mean easy execution
- Most attempts will likely fail
- Requires sustained effort over time
- Comparable to weight loss - simple formula, difficult execution
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Business Difficulty Scale:
- Newsletter businesses are closer to "1" than "SpaceX" on complexity
- More achievable than creating next Facebook
- Still requires significant work and time
- Success not guaranteed despite simple concept
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Practical Strategy:
- Create entry-level newsletters for mass appeal
- Develop premium products for serious customers
- Target specific industry verticals
- Build community aspects into higher-priced tiers
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.