Newsletter Tutorial:
Developing Your
Concept
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> Newsletters
By
Peter Cooper
The first
major step in developing a newsletter is deciding its concept. This includes thinking
about the topic or subject area, what skills and experience you can bring to that
topic, who your potential audience is, and how you plan to benefit from the newsletter.
Let's
cover these issues one at a time:
Topic
or Subject Area
This is usually the simplest part of developing
your concept. If you're reading this article you probably already have a subject
area in mind. For example, if you're out in the garden planting bulbs and clipping
trees all summer long, you may want to start a newsletter packed with articles
and tips about gardening.
If you really want to start a newsletter
but you can't think of a topic, then look at your hobbies and spheres of interest.
Sometimes the best topics are things that are easily overlooked. You might be
a proficient French speaker and visit the country often. You could start a newsletter
for English speaking people who are also Francophiles and want to learn recipes,
travelling tips, and interesting places to go.
Once you've
chosen the topic, you may want to consider a particular niche. You might want
to create a gardening newsletter but feel rather small when you learn there's
thousands of gardening newsletters already. If you're particularly interested
in growing tobacco, planting bulbs, or felling trees then these are niche areas
you could focus on and become respected in.
Skills and Experience
The
skills and experience you can bring to your newsletter are closely related to
the chosen topic or subject area. To continue our gardening example, it would
be silly of you to start a newsletter about gardening if you had never planted
a tree or dug a hole in your life!
Of course, there are exceptions.
Some people with a very minimal knowledge of a subject have started projects which
have become very fruitful (excuse the gardening pun). However, it is essential
that you are interested enough in the topic to keep the newsletter going, or that
it is general enough that other people will be willing to provide the content
for you to format.
Potential Audience
A
newsletter is pointless unless it has an audience, and we'll be covering how to
promote your newsletter in a later section. Before you start to develop your newsletter,
however, you need to consider the target market or potential audience it could
have.
You need to think carefully about who your audience could
be. If we use the gardening example once more then you might say mostly older
people would be interested, over 30 years old, for example. However, if you were
starting a newsletter in the young gardeners' niche, then your audience is totally
different. The same goes for any topic. Your chosen niche may totally change the
demographics of your audience as compared to the general subject.
The
reason why specifically targeting your newsletter at a certain audience is important
is down to content, which we're going to discuss in the next installment of this
feature. If the audience for a general gardening newsletter is for over 30s, then
the language you use needs to reflect this. Likewise, with younger gardeners,
the language needs to reflect them too.
If your newsletter
will be dealing with a technical subject, such as Web design, this is also an
important consideration. Are you focused at beginners or experts? Your language
and use of terminology needs to change with your audience.
The
Benefits of your Newsletter
Not many of us do things for
free for the sheer sake of doing it. There's usually a reason or motivation for
most of the things we do, whether it's to make us money, help us feel good, or
to find answers to questions we have.
The last two choices
don't really need to be explained. If you want to run a newsletter to pass some
time or to help others, and in return feel good, then you don't need to deliberate
over your concept so much.
If you want to use your newsletter
to build up your reputation and become an authority figure on a particular subject,
you just need to target the market in which you want to achieve this. You know
the relevant contacts in your industry better than we do, so the best idea is
to target these people as your potential audience.
One area
where you have to think very carefully about your concept and audience, however,
is when you want to make money from your newsletter.
Making
Money From a Newsletter
A lot of people start newsletters
to make money. There are some people making large amounts of money each month
from just running a newsletter! You could too.
The way to make
money out of a newsletter is to sell advertising space in it each week/month.
The rates you charge will be dependent on the amount of subscribers you have,
your topic area, and your audience. Now you can see why your audience is so important
to define. They're the ones who will be helping you make money!
Let's
try an example to highlight how these factors affect the amount of money you'll
make. If you run a newsletter dedicated to a 'joke a day' and you have 10000 subscribers
and you also have a newsletter which provides sales professionals with advice
and tips which has 5000 subscribers, which will make more money each month? Probably
the latter.
Why? It has less subscribers but the audience
is more focused (sales professionals) and they are more likely to respond to ads
in your newsletter which are targeted towards their profession. The 'joke a day'
list will be an entire melting pot of people and advertisers won't be able to
target their ads to them. As such, the targeted niche newsletter will earn you
more in advertising per subscriber than the wide-appeal one.
However,
I am not saying that wide-appeal newsletters are bad. You just need to have more
subscribers to them than with a niche newsletter. If you can make $500 a month
from 1000 niche subscribers, it may take 10000 untargeted subscribers to make
the same.
What's the lesson in making money with your newsletter?
Think carefully about your niche and potential audience demographic!
Concept
Checklist
Now that you've considered most of the concept
issues of your newsletter, run through our checklist until you're satisfied that
you've considered all of the different angles.
- What areas are you knowledgeable in?
- Can you bring something extra to
an already well covered topic? (i.e. gardening)
- If not, do you have focused
knowledge in a particular niche? (i.e. growing tobacco)
- Do you want to make
money? If so, is your potential audience really desirable for advertisers? If
not, how will you be inspired to keep working on it?
- Do you know of any competing
newsletters?
- If so, how is your newsletter going to be different from existing
competitors?