Matt and Ryan Talk Newsletter Strategy, Legacy Media, Newsletter-First Creators, and More
Nov 24, 2023
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Matt and Ryan discuss the shift towards newsletters in the media landscape, covering challenges faced by traditional media companies, the potential of newsletters for creators, and the importance of valuable content. They emphasize the importance of building, growing, and monetizing newsletters, as well as deep conversations and strategies. The podcast addresses challenges in the media industry and the role of newsletters in media, highlighting the growing importance of owned audience channels. The hosts also explore the effectiveness of SMS strategies for newsletters, the innovative approach of Smart Nonsense, and the potential of a meme roundup newsletter. They discuss the benefits of newsletters and owned audiences, including revenue generation and attracting partners.
31:10
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Quick takeaways
Newsletters offer media companies a reliable discovery channel and the ability to capture and retain their audience, providing a means for delivering valuable content, engaging readers, and monetizing through direct links and sponsored content.
Media companies need to shift their strategies from relying solely on social media platforms to establishing owned channels, such as newsletters, to build and retain their audience, as platforms like Facebook and Twitter decrease organic reach and media companies face challenges in content distribution.
Deep dives
Importance of Newsletters for Media Companies
The podcast discusses the significance of newsletters for media companies in the current digital landscape. It highlights that while big media companies are facing challenges, up-and-coming media companies prioritize newsletters as a core strategy. Having a strong newsletter strategy is crucial for both starting and growing a media company, as newsletters provide a reliable discovery channel and allow companies to capture and retain their audience. Newsletters offer the opportunity to deliver a great reading experience, engage the audience, and monetize through direct links and sponsored content. The podcast emphasizes the importance of shifting from traditional reliance on platforms like social media to establishing own channels, particularly newsletters, to build and retain an audience.
The Shift in Media Company Strategies
The podcast explores the shifting strategies of media companies, highlighting the downfall of relying solely on social media platforms for traffic. It discusses the challenges faced by media companies as platforms like Facebook, Twitter, and Google decrease the organic reach of news site articles. This shift has led media companies to rethink their approach and prioritize more reliable discovery channels. The podcast notes that newsletters have emerged as a vital strategy for media companies, as they offer a direct connection with the audience and a means for independent content distribution. To succeed in the ever-changing media landscape, media companies need to adapt their strategies, focusing on newsletters and other owned audience channels.
The Rise of Newsletters for Creators
The podcast highlights the increasing importance of newsletters for creators, particularly in the entertainment space. It explores how newsletters provide a means for creators to communicate and engage with their audience, bypassing the limitations and changing algorithms of social media platforms. While the concept of newsletters for creators is still in its early stages, the podcast emphasizes the potential for growth. It suggests that newsletters can be used by creators to provide behind-the-scenes insights, share upcoming content or projects, and curate content or memes that align with their brand. Newsletters offer creators an owned channel to build and retain an audience, allowing for more independence and monetization opportunities.
The Value of Newsletters for Businesses
The podcast discusses the value of newsletters for businesses, particularly those with existing email lists. It highlights that many businesses have large email lists but underutilize them, only sending sporadic marketing promotions. Newsletters present an opportunity for businesses to nurture their audience and build stronger relationships. By providing valuable content to subscribers and mixing promotional content with value-driven content, businesses can leverage newsletters to drive revenue and retain customers. The podcast also mentions the potential for sponsorship revenue and cross-promotional opportunities by partnering with relevant brands. Newsletters allow businesses to interact directly with their audience, offering a greater level of autonomy compared to social media platforms.
In this episode, Matt and Ryan discuss the growing shift towards newsletters in the media landscape. They delve into the challenges faced by traditional media companies, emphasizing how newsletters offer an owned audience and help drive revenue and encourage engagement. They also explore the potential of newsletters for creators, including entertainment-based creators and e-commerce brands. Additionally, they touch on topics such as nurturing email lists, unlocking revenue streams, and the need for valuable content.
Key Topics Covered:
Importance of Building, Growing, and Monetizing Newsletters: The podcast focuses on teaching how to build, grow, and monetize newsletters and features discussions with newsletter operators, creators, and media founders.
Emphasis on Deep Conversations and Strategies: the importance of sharing insightful discussions that go beyond typical interviews, aiming to dive deeper into newsletter operations, growth tactics, and strategies.
Challenges in the Media Industry: The podcast addresses challenges faced by large media companies due to decreasing social media traffic and the shift toward owned audience channels via newsletters, podcasts, and other platforms. This leads to a comparison between traditional media companies and the evolving strategies of newer media startups.
Role of Newsletters in Media: The discussion emphasizes the growing importance of newsletters within media companies. The hosts suggest that starting a media company today requires a strong focus on newsletters, highlighting the primary role of newsletters in driving consistent growth, owning the audience, and retaining reader engagement.
Impact on Creators and Trends: The episode explores the trend of creators leveraging newsletters to build owned audiences and discusses the potential benefits of transitioning from social platforms to newsletters. The potential for creators to develop newsletter-first strategies is highlighted, focusing on the ability to own and monetize audiences independently.
Opportunities for Entertainment-Based Creators: The conversation touches upon the potential for entertainment-based creators, such as YouTubers or Twitch streamers, to leverage newsletters for engaging with their audiences. Ideas discussed include sharing behind-the-scenes content, announcing upcoming content, curating content, and utilizing newsletters for giveaways and promotions.
Role of Tailwind in Newsletter Creation: The podcast extends to discuss the role of Tailwind, an agency specializing in creating and nurturing newsletters for companies and brands. The conversation highlights the value of newsletters as a revenue and marketing channel and potential opportunities for cross promotions, sponsorships, and new revenue streams.
Episode topics & Timestamps:
(00:26) Introduction and Overview
(2:21) Challenges for Big Media Companies
(3:01) Decline in Social Media Traffic
(11:09) Media Companies And Newsletter Strategy
(11:40) Newsletter First Approach
(12:38) Importance of having an owned audience
(18:40) Strategies for Entertainment Creators
(28:00) Tailwind Newsletter Services
(30:00) Upcoming Discussion Topics
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