From Jane Friedman:
You probably remember this one from history class: Thomas Paine, in 1776, dashed off a pamphlet called Common Sense, encouraging the American colonists to revolt against British rule, with the pamphlet supposedly proving so popular that, in its first three months of publication alone, it sold more than 100,000 copies. Also, it helped kick off a war.
Paine himself, it turns out, was the primary source of information regarding those astounding sales figures. If we take him at his word, then Common Sense remains the bestselling book in U.S. history. Stephen King can’t unseat it. Dan Brown? Can’t compete. Danielle Steele? GTFO! But what’s all this got to do with you, one more aspiring, ink-stained wretch, vainly attempting to build your author platform today, some 250 years later?
Paine faced the same problem that you and I face. He and his fellow “pamphleteers” couldn’t rely on Buzzfeed and the New York Timesto deliver up an audience. They had to discover it for themselves. Yes, the audience was there, in abundance, but to reach it, they basically had to start a Substack.
I’m not the first to notice the overlap between the pamphleteers of the 18th century and popular present-day mediums. For better or for worse, some 20th-century political operatives not only ran the same play as Paine—bypassing media outlets and instead mailing their messages directly to their would-be audiences—but wrote entire self-aggrandizing books about the strategy. They understood the power of building one’s own means of distribution, one’s own mailing list. In fact, “direct mail” was, arguably, how the right bankrolled the Reagan revolution. It’s how Karl Rove got his start.
Yesterday’s pamphlets and mail packages closely resemble today’s email newsletters. And now, in related news, just about every big tech company is announcing that they’re getting into the newsletter game, too. Both Facebook and Twitter are launching newsletter products, while the CEO of Medium recently declared the platform is pivoting from magazines to focusing on “individual voices,” i.e. newsletter-like offerings. Substack has even started paying six-figure advances to established writers they believe have the power to draw large numbers of paid subscriptions.
. . . .
Even as you and I are witnessing this 2021 crush of both tech companies and individual writers into the newsletter game, it’s crucial to understand that these developments are not new. (Neither are the, uh, sometimes-controversial politics.)
The difference is how newsletters are being reshaped by the internet and related trends in the larger economy, namely:
- The continued move of advertising dollars away from traditional media and into Facebook and Google, which allow for much more specific ad-targeting;
- How this is pushing heavyweights including the New York Times and Washington Post to rely more and more on subscriptions, rather than advertising, as their primary source of revenue;
- The overall rise of the “subscription economy,” in which you and I and everyone else on the planet pay a few bucks each month for access to all manner of media, services, and products, from Amazon Prime to Netflix to diapers—really, we could keep listing things all friggin’ day.
It’s a complex reality, but writers like us will misunderstand it, or attempt to ignore it, at our own risk. You don’t need to grasp the more intricate details, anyway, beyond the fact that Wall Street loves recurring revenue (i.e. subscription-business models, which give a lot of insight into a company’s financial performance), plus the other salient fact: You and I are on our own, here.
In a sense, all writers are “direct to consumer” brands now. Major publishers, from Slate to Simon & Schuster, are relatively risk-averse, reluctant to invest in anything but proven winners. Whereas it’s easier than ever, if also a very crowded scene, to build and reach your own audience through channels such as Instagram, or better yet, your own email newsletter. Picture yourself standing by the side of a choked digital freeway, holding up a little hand-scrawled sign that reads “Drop your email here, and I’ll come to your inbox with tips and updates!!”
Believe me, I don’t love this reality, either. All this self-promotion feels awful, much of the time, but what’s the alternative?
. . . .
The reason an email list beats every other kind of following
I keep focusing on email and email lists, rather than Twitter followers or YouTube subscribers, because email addresses are the marketing gold standard, widely understood to be more valuable than social-media counts. I know this as a nonfiction writer who’s spent the last decade working a day job in email marketing. But look further out, and the questions answer themselves: Why else would all these avaricious titans of industry be piling in? Why would big-name writers be launching newsletters?
It follows that your own email list is most likely more valuable to you than any other kind of following of similar size, no matter whether your newsletter is free or if you offer paid subscriptions, and no matter if your list remains quite limited. Even a small email list is better than no list at all, because it likely represents your most devoted, true fans, and even one of those (your mom) is better than none.
Link to the rest at Jane Friedman