Wealthy Newsletter Niches
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Austin proposes creating niche newsletters targeting high-value audiences and professionals, particularly during economic downturns. The focus is on either helping companies save money or helping individuals earn side income.
Key Points:
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Target High-Value Consumer Niches:
- Focus on audiences that spend thousands annually (e.g., Ferrari owners, Rolex collectors)
- Aim for luxury/premium segments where advertising dollars are significant
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B2B Newsletter Opportunities:
- Target specific professional verticals
- Create content that helps businesses preserve money during downturn
- Treat B2B audiences like consumers - make content engaging and personal
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Revenue Strategy:
- Can be profitable before hiring writers through pre-selling ads
- Focus on helping companies preserve money in current market
- Target companies looking to reduce full-time employees but still need services
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Market Timing:
- Particularly relevant during economic downturns
- Companies are trading time for money instead of money for time
- Focus on cost-saving solutions that preserve capital
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Competitive Advantage:
- Stand out by treating B2B content like consumer content
- Make traditionally dry topics more engaging
- Build distinct brand voice in professional verticals
12:30 - 12:55
Full video: 01:16:06AR
Austin Rief
Co-founded Morning Brew after graduating from the University of Michigan in 2017.
Built a successful business venture in the media industry.