A List of Substack Success Stories in Tweets
Is Substack Word of Mouth a real driver of growth? Social proof says it is.
Hey Guys,
So the entire point of this thread is to let the Tweets do the talking: (some images my not format, so you may need to click the tweet to see all the numbers).
This will also feature Tweets about Substack’s cross-promotion “Newsletter recommendation feature” as a continuation of my last post. It launched on April 12th-ish, 2022. In your monthly report from Substack this was come in as “Substack Network”.
Eric Newcomer (1 year review)
I think I could live off $20.6k a month! Context.
A bit sad when people don’t share numbers, but it is what it is.
The curve is really different at least for free subs for these individuals.
The pandemic bump was real for Noah, as well.
The rapid spikes are noted.
So when do you know you have “made it” on Substack? Maybe above 5,000 free subs as an organic growth threshold. If only Substack data scientists gave us some rules of the game (which would vary by category I imagine).
Word of Mouth on Substack
Word of mouth? Oh sure, to get 30 to 45% of your traffic from Newsletter Recommendations (cross-promotions) is now perhaps the norm for smaller Newsletters on Substack today in the Summer of 2022. Think of how that compounds revenue though over-time?
So even bigger Newsletters via word of mouth can grow 30% faster each month. Think about how that compounds for an entire year. We met Ali in his first year of Substack Grow graduation on YouTube. Some thresholds for him were:
Going viral on product hunt
Going viral on Twitter
And now this! He’s essentially easily doubled the size of his free subs list.
Casey Newton also managed to double his free subs list on his 1st year on Substack, even without this feature. At the top of the growth curve of Substack, growth is a waterfall.
We would expect to see that in Substack’s revenue in 2022, we will find out later.
The secret to the success of Substack is that, like Netflix, it has perfected the frictionless experience… Some months ago, I was talking to an academic with a blog, and I told her she should get on Substack because I liked the fact that it was so easy to sign up for e-mails. She told me that I could just go to her WordPress site, scroll or direct my eyes to the right place, and subscribe to her blog too. What’s the big deal? Sounds like the same thing. I tried to get through to her that I’m a very busy guy who already finds it difficult to keep up with everything I want to read, and I’m sure other potential readers are in the same position, so five seconds versus one second to sign up for a blog is a big difference. - Bryan Caplan
So we come to our boy Connor. Never did figure out why he turned off paid subs.
Cherry picked Tweets from the people who have been on Substack a while is one thing, but I wonder how the new Newsletters are doing? Too soon to say.
Welcome to the Creator Economy Lenny, he’s about to release his Podcast.
Wordpress discovery is a no-man’s land of SEO, I’m not the first or the last person to realize this.
Someone got Early Access
Some people call the Creator Economy the Ownership Economy, I sort of get it. Now if only creators could get fair pay.
Thanks for reading guys!