Audience Value Beats Numbers
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The speakers discuss why simply focusing on newsletter subscriber numbers is misleading, and explain how valuable audience demographics are the true driver of newsletter success. They use crypto newsletters vs AI newsletters as a case study.
Key Points:
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Audience Value Matters More Than Size:
- Raw subscriber numbers are the "easiest metric" but not the right metric
- The commercial value of the audience determines long-term success
- Need readers who will take action, not just passive consumers
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Case Study: Crypto vs AI Newsletters:
- Crypto newsletters worked because:
- Readers were active investors putting significant money into crypto
- Audience had high commercial value to advertisers
- Content remained relevant long-term
- AI newsletters struggle because:
- Readers are just casual observers of demos
- Audience has lower commercial value
- Content becomes dated quickly (demos/news)
- Crypto newsletters worked because:
-
Commercial Sustainability:
- Need audience demographics that advertisers value
- Must drive actual user actions (purchases, event attendance)
- Content must remain relevant beyond current trends
- Audience needs to have purchasing power/intent
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Long-term Viability:
- Easy to get initial traction with trending topics
- Hard to convert that into sustainable business
- Must think critically about audience commercial value
- Need evergreen appeal beyond temporary hype
15:56 - 16:47
Full video: 25:45SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.