Industry Newsletter Opportunities
Share
The transcript discusses RELX/LexisNexis's successful model of creating industry-specific news and information services, particularly highlighting Law360 as a profitable example of a daily newsletter business for lawyers.
Key Points:
-
Professional Newsletter Model:
- Daily newsletter format targeting specific professional audiences
- Example: Law360 serves as a daily news service for lawyers
- Similar to The Hustle but for specialized professional audiences
-
Revenue Model Components:
- Subscription-based access
- Database integration
- Professional content targeting specific industries
-
Supporting Database Assets:
- Legal records and documents (LexisNexis)
- Patent documents (135M+ patent documents)
- Professional journals and publications
- Legal news and analysis
-
Business Structure:
- Part of larger information services conglomerate
- Combines news delivery with professional databases
- High-margin business model
- Institutional subscriptions from universities and organizations
The model demonstrates how specialized daily news services can be highly profitable when targeting professional audiences with must-have industry information and combining it with comprehensive databases.
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.