The Rule of Tends is that each time you divide your audience by 10, you get to the next level. You don't want to over index on one revenue stream because the market will change and you don't know if one of your revenue streams is going to collapse. "You need to make sure that you're very diversified," he says.
Welcome back to another episode of the Send & Grow podcast. This week, SparkLoop cofounder Louis Nicholls sits down with Eric Lam of Exploding Ideas, a fast-growing newsletter about business start-up ideas on trending topics.
Eric is always looking for business ideas. So he started the Exploding Ideas newsletter where sends curated startup ideas in "million dollar niches" to all his subscribers. But for paying subscribers, Eric sends a second weekly edition with an even deeper dive (more information, tips & resources) for that week's business idea.
In this episode, Louis & Eric discuss…
- How Eric's newsletter has grown quickly since starting up 4 months ago
- His Reddit growth playbook: how to organically grow your newsletter with Reddit
- Eric's newsletter monetization funnel anyone can replicate
- ...and much more!
Other Links Mentioned
Exploding Ideas
Eric on Twitter
Louis on Twitter