Newsletter Analysis: What My Favorite Newsletters Have in Common

I read a lot of newsletters as part of my content consumption workflow, and since I have my own newsletter as well (started in 2015 before it was cool!), I’m hyper-curious about what works and what doesn’t.

More specifically, I see lots of similar tricks being used across the 20-or-so that I subscribe to. These are things like having a personal intro, a custom subject line, asking people to share, using links within the copy, running a referral program, etc.

Attribute breakdowns

So I decided to take my top 10+ newsletters, break down those tricks as features, and put them in a spreadsheet.

The main two purposes I had were:

1. Learn what the common tropes/memes that are spreading within top newsletters

2. Look for things that my favorite people are doing with their newsletters that I am not

…and here’s the full list of attributes I looked at:

See the raw data.

Click to enhance

• Use of images

• A personal intro

• A table of contents

• Inline links

• Newsletter size

• A newsletter value prop

• A custom title per episode

• A referral program

• A call to share

• A link to subscribe

• How much humor is used

• The type of ads used

• The tech platform

• Use of an inspirational quote

My takeaways

I also just wanted to play with the raw data Google Sheets and Google Data Studio.

• Most Top Newsletters Have a Value Proposition: This means a short blurb at the top that reminds readers (especially new subscribers) what value the newsletter is bringing them.

• All Three Top-tier Newsletters Include an Intro: This is a decent signal that those who don’t (including me) might want to include one.

• All Three Top-tier Newsletters (and the majority) Use Custom Email Subjects and/or Headers: This is where each episode has a tagline that tells you what’s in it. It takes more time but the top offerings almost universally have it.

• Only Super-long Newsletters Tend to Have a Table of Contents: Of the biggest three that I follow, only Trends.vc has a table of contents. And it’s basically a giant index of content so that makes sense.

• Very Few Newsletters Have Referral Programs: Only two out of the 12 have them, but I expect this to change shortly. I’m adding a program to mine very soon as well.

• Most Don’t have a Sign-up Link, Probably Because They Assume Someone Reading is Already Signed Up: Two of the three top don’t have it, but 1440 does. The idea is to catch people who had the newsletter forwarded to them.

• Most Have a Read-on-Web Option: This still seems important for some people, since the majority still include it.

• Three of My Top 4 Have No Images: While there are a number of newsletters that have images now, it seems like the top ones are still mostly text.

• My Top 4 Have Virtually No Humor: It seems like mass-appeal skews towards being neutral, and humor isn’t neutral.

• Substack Had the Highest Platform Representation: This was followed by Mailchimp.

To make this prescriptive, if you run a newsletter I recommend you do the following.

• Unless you’re over a million subscribers, include a value proposition

• Consider opening with a brief, personal intro

• Use a custom email subject that describes the episode

• Consider getting a referral program to jumpstart growth

My top 4 recommendations

You should obviously consider following every newsletter I mentioned here, but here are my must-haves:

• 1440—Unbiased, broad-spectrum news. Subscribe

• 3-2-1 Thursdays—A concise, inspirational newsletter by the author of Atomic Habits. Subscribe

• TLDRSec—An ultra high-quality newsletter focused on application and cloud security. Subscribe

• Unsupervised Learning—My own newsletter that combines news, analysis, and original ideas in security, tech, and society. Subscribe

Thanks for reading, and I hope this helps you on your journey.

And if I missed any newsletters or attributes you think I should add, please let me know.