- Foundevo Newsletter
- Posts
- đ° How to Monetize Your Newsletter Without Using Beehiivâs Ad Network
đ° How to Monetize Your Newsletter Without Using Beehiivâs Ad Network
đïž Highlights:
đŹ Set up a storefront like Passionfroot.me to showcase your ad offerings.
đ© Find sponsors via cold outreach, LinkedIn, and advertising your opportunities within your newsletter.
đ” Choose a pricing model that works for you, whether flat-rate or CPM.
đ Use contracts to protect yourself and ensure clear expectations.
đ Continue to grow your audience and optimize your engagement rates to attract higher-paying advertisers.
Looking to enhance your newsletterâs revenue without relying on Beehiivâs ad network? Youâre in the right place! This post will explore innovative strategies to help you monetize your newsletter independently.
If you're currently using Beehiiv's ad network but are ready to take control of your ad monetization, you're not alone! Many newsletter creators are exploring ways to maximize their revenue by finding and running ads independently.
This post will walk you through how to monetize your newsletter beyond Beehiivâs ad network, with advice based on real user experiences and expert insights.
1. Build Your Ad Storefront
One of the first things youâll want to do when running your own ads is to create a storefront where potential advertisers can view your ad offerings.
A platform like Passionfroot.me allows you to showcase your newsletter stats, ad placements, and pricing. With a simple setup, advertisers can see what you offer and even pay directly through Stripe.
Why use a storefront?
It simplifies the process for advertisers.
It presents your offerings in a professional, organized manner.
It integrates payment systems, so you donât have to worry about invoicing.
Hereâs an example: The Milk Road's Passionfroot storefront displays ad options for potential advertisers to easily see and buy into.
2. Find Sponsors
Finding the right sponsors is key to monetizing without Beehiivâs network. There are various ways to find sponsors, but your approach will depend on your newsletter niche and target audience. Here are some effective methods:
đ§ Cold Emails: Cold emailing is a strategy where you reach out to potential partners or clients directly via email, often without prior contact. This method can be effective, especially when targeting companies aligned with your content. A concise, value-driven pitch can capture their attention, so be sure to highlight your newsletter's impressive open rates and the targeted nature of your audience. Highlight your newsletter's open rates and how targeted your audience is.
đŒ LinkedIn: Direct messaging marketing managers or decision-makers on LinkedIn can be an effective way to pitch your newsletter to the right people.
đ Sponsor Platforms: Passionfroot and other similar platforms can serve as a central hub for connecting with sponsors. Some creators also find Sparkloop helpful, as it provides resources like PDFs that break down how to charge for ads.
đĄ Pro Tip: Advertise your sponsorship opportunities directly in your newsletter by adding a small section like, âWant to sponsor us? Get your product in front of [your subscribers]+ engaged readers.â
3. Pricing Your Ads
One of the most frequent questions newsletter creators ask is how much to charge for ads. Pricing can vary greatly depending on your niche and the value of your audience to potential advertisers. Here are some models you can consider:
đ” Flat-Rate Pricing: With flat-rate pricing, you charge advertisers a set fee per newsletter. This method is often more reliable, as it ensures consistent revenue for each ad regardless of the click rate.
đą Cost Per Mille (CPM): CPM charges advertisers based on every 1,000 subscribers an ad reaches. If you have 9,000 subscribers, your price per ad could be $100, $500, or even $1,000 depending on your niche and engagement rates.
đ° Hybrid Model: Some newsletter creators combine flat-rate pricing with performance metrics, offering a base cost for brand visibility plus an additional fee for every click or conversion the ad generates.
đĄ Pro Tip: With a 50.1% open rate and 2.6% click rate, you have solid engagement numbers to justify competitive pricing. You can always offer initial discounts to build long-term partnerships, but make sure your rates reflect the value you're offering.
4. Contracts and Terms
When dealing with advertisers, especially for the first time, having a contract in place is essential. This will protect both parties and clearly define the terms of your agreement. Common things to include in a contract are:
Ad format and placement
Duration (one-time ad vs. ongoing)
Payment terms (upfront, 50/50 split, etc.)
Performance guarantees, if any (though this is optional)
If youâre using a platform like Passionfroot, some of this may be handled for you. However, if youâre dealing with advertisers directly, itâs smart to draft a simple, straightforward contract.
Another revenue stream to explore is subscription-based newsletters, available to users of Beehiivâs Scale, Max, and Enterprise plans.
This feature allows you to charge for access to your newsletter, attracting an audience genuinely interested in your content and often resulting in higher engagement and conversion rates.
Tips for Success:
đ Offer Valuable Content: Ensure your subscribers receive high-quality content in exchange for their payment.
đ Experiment with âCharter Membershipsâ: Provide early subscribers with special benefits or discounts.
âł Create Urgency: Use limited-time offers to boost sign-ups, such as discounts for the first 100 subscribers.
By leveraging these strategies, you can effectively monetize your newsletter, whether through direct ad sales or subscription-based models, and achieve greater financial success and control.
6. Engage and Grow Your Audience
To maximize your monetization efforts, focus on continuously growing your subscriber base and boosting engagement. The larger and more engaged your audience, the more attractive you are to potential advertisers.
Conclusion
Expanding beyond Beehiivâs ad network can unlock new revenue streams and give you greater control over your monetization strategy. By setting up a professional ad storefront, targeting the right sponsors, choosing an effective pricing model, and making a subscription based newsletter, you can enhance your newsletterâs earning potential. Using clear contracts will protect your interests, and focusing on audience growth will make your ad offerings even more attractive.
With these strategies, youâre set to boost your ad revenue and gain more flexibility in managing your newsletterâs monetization.
By stepping outside Beehiiv's ad network, you can gain more flexibility, reliability, and control over your ad strategy. With these tips, youâre on your way to maximizing your newsletterâs revenue potential.
Weâd love to hear from you! If you have any other creative methods for increasing newsletter monetization, share your ideas in the comments below. Your insights could help fellow creators find new ways to boost their revenue!
Reply