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🐝 Into The Hiiv
In this issue we discuss beehiiv’s acquisition of Swapstack, why you can’t rely on traffic you don’t own, and the exponential state of the newsletter industry
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Hey there 👋,
In this issue we discuss:
beehiiv’s acquisition of Swapstack
Why you can’t rely on traffic you don’t own
The exponential state of the newsletter industry
Cheers!
🐝 Two Become One
Swapstack, the newsletter sponsorship and affiliate platform (we’ve written about here and here) has been acquired by beehiiv.
Jake Schoberger, the co-founder and CEO, announced on X:
I couldn't be more proud to announce that @SwapstackHQ will be joining @beehiiv to build the worlds biggest newsletter advertising network.
More reflections to come, but today is a special one to say the least.
— Jake Schonberger (@SchonbergerJake)
8:31 PM • Sep 25, 2023
He will be joining beehiiv as the Head of Brand Partnerships to lead the beehiiv Ad Network.
Tyler Denk, the co-founder and CEO, wrote a post on why they acquired Swapstack, who had facilitated over $2M in advertising spend since launch:
My co-founders and I previously built the ad management platform at Morning Brew, which facilitated tens of millions of dollars in advertising revenue for the company.
And with the addition of Swapstack… we are inheriting a killer team, with tremendous product and operational chops, and a wealth of expertise and relationships in the industry.
Jake Singer, the other co-founder of Swapstack, created a testimonial form at the top of the website to collect responses from users, and it really has helped a lot of newsletter operators to monetize and even make their first dollar online:
We included a testimonial form at the top of @SwapstackHQ for users to tell us what we've meant to them as we transition to @beehiiv.
love seeing these roll in! ❤️ our users !
CC @SchonbergerJake (great idea!)
— Jake Singer 🎡 (@jakesing_)
8:35 PM • Sep 28, 2023
Congrats to both parties!
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Imagine if you put intentional and proactive daily focus on driving more leads and sales for your business.
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Over time, your dedication builds trust and credibility with your audience, leading to increased conversions and customer loyalty.
All by embracing a daily habit — one that unlocks your full potential as a rainmaker that cultivates faster growth in your business.
This free guide includes simple, core actions for you (or your sales team!) to drive more results.
🛟 Email Will Save You
The recent Google Helpful Content Update has negatively hit many website operators who are realising that they’ve been investing in a rented media channel rather than something they own:
This is the complete opposite of running a newsletter business:
So many website owners getting rekt by the google update
Newsletter business owners be like
— patey.sol (@RichardPatey)
11:29 AM • Sep 25, 2023
This is also now happening on YouTube, where creators are being hit with an invalid traffic issue where they are not being paid for their efforts:
email fixes this
— Tyler Denk 🐝 (@denk_tweets)
3:42 PM • Sep 29, 2023
Ed Lawrence explains that it’s when your views are considered bots, and there’s nothing you can do to challenge. The result is that some creators have stopped publishing as their income has vanished:
This is why it is so important to create a following off-platform, like on Twitter, Instagram, and email, so that you can diversify your risk.
BUT it’s also another reason you MUST find other ways to monetize outside of ad revenue.
As Tyler from beehiiv says, email is again the solution.
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☝️ One More Thing
The beehiiv time compression continues…
$5m ARR and we're just getting warmed up @beehiiv
14 months: $0 → $1m
3 months: $1m → $2m
2.5 months: $2m → $3m
2 months: $3m → $4m
1.5 months: $4m → $5m— Tyler Denk 🐝 (@denk_tweets)
4:25 PM • Sep 29, 2023
Disclaimer: Not financial or business advice. This newsletter is strictly for information and education purposes. There are no affiliate links in this issue.