Top Tips for Making Money With beehiiv

With 26,345 people creating newsletters in 2023 (beehiiv stat), it’s clear that newsletters are fast becoming a key way for companies to add an extra revenue stream to their business model.

And who can blame them?

Newsletters help companies keep in touch with their customers, so why not kill two birds with one stone and monetize the newsletters themselves, too?

Here at beehiiv, it’s our goal to help you grow your email newsletter, and we mean this in a monetary sense as well as in subscriber numbers. We’ve created a range of tools to ensure that making money from your newsletter is as easy as possible and will keep your subscribers returning rather than becoming disengaged.

Let’s dive straight into our top tips on how to make money with beehiiv. It doesn’t matter how big or small your audience is; everybody gets to earn money from their newsletter. Here’s how!

How To Make Money With beehiiv

There are many different monetization strategies available on the beehiiv system; and with a total of $272,429.58 (beehiiv stat) in revenue being made via the new beehiiv Boosts feature (more on this later), it’s clear that making money from your newsletter is the next big thing.

If you’re wondering how to get paid on beehiiv, check out the sections below. 

Subscription-Based Newsletters

First up on our journey to making money using beehiiv is subscription-based newsletters. 

This is a feature available to users of our Scale, Max, and Enterprise plans that allows you to request money in return for access to your newsletter. 

Subscription-based newsletters allow creators to build an audience that is genuinely interested in their content, and users often benefit from additional perks that they wouldn’t normally receive when subscribing to a standard newsletter.

Not only does this strategy allow you to monetize your newsletter, but you’re likely to also find that users will be more engaged and conversion rates will be higher, as only people who are really interested in your company will be prepared to pay money regularly to access your content.

Here are a few tips for getting this right:

• Offer your subscribers something really great for subscribing: People are open to paying for newsletters, but only if they can expect something great in return.

• Experiment with “charter memberships”: Give early subscribers an extra benefit like an enhanced discount to reward them for early sign-ups.

• Limit offers to create urgency: There’s nothing like a little bit of urgency to increase follower numbers, particularly if you focus on an offer that is only available to the first 100 people, for example.

Check out this case study on how Jennifer Chou made more than $16,000 on beehiiv in just four months using premium subscription models and other beehiiv monetization features.

Sponsorships and Advertising

Sponsorships and advertising are other ways of monetizing your newsletter with beehiiv. This may sound simple, but we’ll talk you through the easiest ways of doing this.

Attracting sponsors and advertisers is a tricky game, as most companies only want to engage with brands that have very high subscriber numbers. This is where the beehiiv Ad Network comes in. Our Ad Network allows you to feature sponsorships for large brands that your customers will recognize, instilling trust in your content, as well as advertisements for the latest startups in your industry.

Whether you use our Ad Network or seek out your own sponsorship opportunities, sponsorships and advertising can be hugely successful for generating money from your newsletter. A top tip is to create a media kit for potential sponsors to show how their brand will be presented in your content. 

Make sure to embed advertisements seamlessly in your content to avoid your content looking clunky and don’t go overboard -- the last thing you want is for your subscribers to feel spammed with sponsors.

beehiiv Partner Program

The beehiiv Partner Program is one of our favorite ways of making money via newsletters. This program essentially allows you to integrate affiliate links into your newsletter, using a unique partner link that enables you to earn commissions when people use your link to make a purchase.

For the first 12 months, you’ll earn 50% of all referred revenue. Yes, you heard that right! You’ll also receive a Partner Program Playbook to guide you through the process and to make sure you get the most you can from the program, as well as the ability to adapt links to make these more authentic to your brand.

It’s important to choose the right affiliate programs to ensure transparency and maintain trust with your audience; but if done right, the beehiiv partner program can be very effective in helping you earn money from your beehiiv newsletters.

Selling Products or Services

Another way of making money with beehiiv is to use your newsletters to sell products or services. 

This can be a highly effective strategy, particularly when used to sell digital products like ebooks or courses. You could also use your newsletter to promote physical products and services-- our customer The Hustle earned over $50,000 in revenue by selling branded merchandise (LinkedIn) via their beehiiv newsletter. Learn more about how they did this here.

Leveraging beehiiv Boosts

For users on our Scale plan, beehiiv Boosts are a great way of monetizing your newsletter.

The beehiiv Boosts program essentially allows you to earn money for subscribers that you recommend to a boosted newsletter. You simply browse through beehiiv’s library of eligible newsletters, add the newsletter as a boosted recommendation, and then wait to be paid!

On the flip side of this, newsletters that you recommend to subscribers will pay you for new followers. Everybody wins!

You get paid when a subscriber opts in to a boosted recommendation that you have instigated. Any money you’ve earned via boosting will then be paid into your beehiiv wallet over the coming weeks.

Geekout Newsletter on beehiiv has made $25,000 solely from beehiiv Boosts to date. Check out more stats on this here.

Why Listen to Me? I have been working in the digital marketing space for nearly 10 years, predominantly helping brands with their email marketing and online presence. I now specialize in creating great content for beehiiv to help people nail their email strategies!

How To Get Paid on beehiiv

Getting paid on beehiiv is simple. Payments are made through Stripe, and we’ve included a step-by-step process below that you can follow to set up your account:

1. Click on the Premium tab within the beehiiv dashboard and select “Connect with Stripe.”

2. Follow the Stripe instructions, including creating your free Stripe account (if you don’t already have one).

3. Submit your details, including contact number, personal/professional details, and banking information so that you can be paid.

Once your account has been verified, you can start earning money through beehiiv!

You can decide how much you want to charge your subscribers for your newsletters; it’s important to ensure that you’re providing value to your followers to ensure that they continue to subscribe and explain why you’re switching to a paid system. This could be so that you can sustainably produce great content and show that you appreciate the support from your audience.

(IMAGE: screenshot of stripe connection page from premium tab)

What Are the Benefits of Using beehiiv?

There are many benefits of using beehiiv for your newsletters, from intricate campaign targeting to monetization methods.

Here are some of our favorites:

• Targeted Newsletter Campaigns: With beehiiv, you can segment your audience to better reach your goals, showing different content to smaller, targeted groups of followers. This allows you to focus on conversion and tailor content to specific users.

• Affordable Marketing: beehiiv is known for offering a lower “cost per contact” than other marketing platforms such as direct mail or telemarketing. It is also very affordable, given the high amount of features that you receive for each plan.

• Monetization Options: As mentioned previously, there are many ways that you can make money via your beehiiv newsletters including sponsorship, beehiiv Boosts, and the beehiiv Ad Network.

Is beehiiv Good for Email Marketing?

beehiiv is a great system for email marketing, allowing you to keep in touch with your followers with regular newsletters and giving them targeted content that will keep them engaged.

beehiiv is a generally more affordable system than other email marketing platforms and tends to offer benefits that other platforms don’t. We’ve included a data table below showing the different features of beehiiv in comparison with other popular email marketing offerings:

Here at beehiiv, we’re proud that our customers are happy and love using our platform. Here are some more details on what our customers think of us!

Tips for Maximizing Your Earnings on beehiiv

A way to maximize your earnings on beehiiv is to increase your subscriber base and make sure that they’re fully engaged with your content.

One option for increasing your followers is to give new followers an incentive to subscribe, such as a sneak peek or discount for your newsletter. 

You could also leverage your social media following and promote your newsletter on your social channels or make the most of social media advertising to reach new people on social media.

Incentivizing your existing subscribers to share your newsletter is also another great way of upping subscriber numbers. 

Conclusion

To start monetizing your newsletter, sign up for a free trial of beehiiv today. 

You can begin a free, 30-day trial without needing to enter your payment details and try out the fantastic features that beehiiv has to offer, including our monetization features such as the Ad Network, beehiiv Boosts, and paid subscription options.

We’d also love to send you our regular beehiiv newsletter to keep you updated with all of our latest tips, tricks, and success stories -- you can sign up to our newsletter at the bottom of our home page here!