"The consequences of poor decision making in my investment portfolio would be orders of magnitude more impactful for my finances than earnings from a newsletter."
"Approximately 2.4% of readers opted to pay for a subscription. "
. . . That's not a good number!<g>
I like the logic that your own investment thinking will be skewed, by the information-consumption needs of that sliver of your readers. And that the results of that skewing might be far more substantial than the revenue you derive from them:
. . . The tail should not wag the dog.
As a free subscriber, I read you regularly, and find your work interesting, and look at the books that you review.
I know I was leaning towards upgrading to a paid version. I appreciate all your excellent analysis and eye for detail. Looking forward to seeing other projects as they unfold. Cheers!
My prior subscription offering (in 2022) had a conversion of around 4.25% but it was a $10-12/month subscription featuring in depth stock writeups. Much depends on pricing and what’s being delivered. I do think that the 5-10% figures we often read about are very optimistic at least at scale.
Really enjoy your newsletter, looking forward to see what you’ve got planned next.
"The consequences of poor decision making in my investment portfolio would be orders of magnitude more impactful for my finances than earnings from a newsletter."
+1
😢
For what it's worth, the conversion rate for my publication is about the same
Ravi,
No refund needed.
I will miss your thoughtful deep dives into all things Berkshire as well as other matters you explore so well.
Please keep me on your mailing list.
And most importantly, the best of luck with your future endeavors!
Sincerely,
Al Phillips
"Approximately 2.4% of readers opted to pay for a subscription. "
. . . That's not a good number!<g>
I like the logic that your own investment thinking will be skewed, by the information-consumption needs of that sliver of your readers. And that the results of that skewing might be far more substantial than the revenue you derive from them:
. . . The tail should not wag the dog.
As a free subscriber, I read you regularly, and find your work interesting, and look at the books that you review.
. Charles Cohen
Godspeed. Always enjoy your stuff, in whatever format.
I am a paid user and I found extremely useful your detailed insights about Berkshire!!
Sorry it didn’t work out as planned, and I’m kind of sad you will not write about Berkshire much in the future.
I know I was leaning towards upgrading to a paid version. I appreciate all your excellent analysis and eye for detail. Looking forward to seeing other projects as they unfold. Cheers!
Its tough out there, i think the conversion rate was good. Mine is less than half a percent.
I really don't know who came up with the benchmark of 5%, but I am yet to see someone who converted 5% of readers into paid subs at $20/month or more.
My prior subscription offering (in 2022) had a conversion of around 4.25% but it was a $10-12/month subscription featuring in depth stock writeups. Much depends on pricing and what’s being delivered. I do think that the 5-10% figures we often read about are very optimistic at least at scale.