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How to Monetize Content Without a Massive Audience

Real-World Strategies Publishers Use To Turn Content Into Cash

Monetizing content sounds simple in theory: build an audience, add some links, cash in.

In practice? It's an iterative process.

How to Monetize Content Without a Massive Audience

Credits: Naval

The good news? Plenty of creators on beehiiv are doing it and doing it well.

From digital products to paid subscriptions and sponsorships, there’s more than one way to turn content into income.

In this guide, you’ll learn what worked, what didn’t, and how to find your own revenue groove — with real examples from successful beehiiv publishers.

Why I Started Monetizing My Content In The First Place

When I first launched my newsletter, monetization wasn’t the goal, it was about sharing something I cared about and building a relationship with readers. That’s how it starts for most creators.

But as the list grew, I realized something: if I wanted to keep showing up consistently and maybe even turn this into something sustainable, I needed to start thinking like a business.

Right now, my monetization stack is still lean. But one key piece? The beehiiv ad network. It’s built into the platform, easy to turn on, and gives me a low-effort way to earn without chasing sponsors or building custom deals.

How to Monetize Content Without a Massive Audience

As the newsletter scales, I plan to layer in more streams—referrals, affiliates, maybe my product. But the ad network was the first signal that, yes, this can be more than a hobby.

What Motivated Me To Explore Content Monetization

Most newsletter creators don’t start out trying to monetize, they start out trying to share something valuable. That’s exactly what happened with Scott Beale, the founder of Laughing Squid.

How to Monetize Content Without a Massive Audience

Scott had built a loyal following around weird and wonderful internet finds. But after years of blogging, he realized his email list was underleveraged. Moving to beehiiv gave him the tools to finally monetize and keep doing what he loved.

The First Time Money Hit the Inbox

Many publishers point to that first dollar as a turning point. For Last Money In, a finance newsletter, the first monetization came from a hybrid model: paid subscriptions + sponsorships.

Over time, they layered in premium content, increasing revenue to over $500,000 ARR. Their full story: Last Money In Monetized Over $500K ARR.

How to Monetize Content Without a Massive Audience

Why You Shouldn’t Wait for 10,000 Subscribers

A common myth: you need a massive list to make real money.

How to Monetize Content Without a Massive Audience

Not true.

Most beehiiv creators started monetizing with just a few hundred engaged readers. If your content is valuable and your monetization is aligned, even a small audience can generate real income.

Revenue Streams That Have Actually Worked

Let’s break down the real monetization models beehiiv publishers are using with actual performance details.

What Affiliate Marketing Looks Like

Affiliate links are an easy on-ramp, but they only work when:

How to Monetize Content Without a Massive Audience

Debunker, a newsletter launched by the fact-checking site Snopes, notes, "We didn't really set out to have the newsletter be a revenue product for us," highlighting that monetization initially stemmed from website traffic and advertising.

Successful partnerships, like the one with MasterClass, have created newsletter-specific advertising opportunities.

Looking forward, Wohl is exploring new monetization avenues, including CPM ads through beehiiv's platform and premium membership plans at $5/month. These plans will offer additional features and aim to convert newsletter subscribers into paying members.

Results: steady affiliate income while staying aligned with audience trust. Read the case study

Selling Digital Products Changed Everything

How to Monetize Content Without a Massive Audience

While not every beehiiv creator launches a product, the ones who do often say: “I wish I started sooner.”

Digital assets like guides, templates, and reports let creators sell once and earn repeatedly. The secret?

  • Launch to your email list (highest conversion)

  • Validate demand before creating

  • Price with value in mind (not just lowballing)

Even simple digital bundles have created four-figure months for small newsletters.

Sponsorships That Actually Work

Sponsorships used to mean cold emails and awkward asks.

With the beehiiv Ad Network, creators get matched with brands that already want to work with them. Fabien Brl, of SaaS Elite Academy, called it a “must-have monetization lever.”

He didn’t need to hustle for sponsors. They came to him, pre-vetted, audience-aligned.

Why Email Is Still the #1 Channel for Revenue

All the case studies above point to one thing: Email is the anchor.

  • It’s direct.

  • It’s owned.

  • It’s predictable.

Platforms come and go. Algorithms shift. But email? That’s where your most monetizable audience lives.

How to Monetize Content Without a Massive Audience

And with beehiiv, you get baked-in tools to:

  • Segment audiences

  • A/B test campaigns

  • Add paid tiers

  • Tap into sponsorships

  • Track performance

That’s why nearly every successful monetization story starts — and scales — with email.

What Didn’t Work (And What Creators Learned From It)

How to Monetize Content Without a Massive Audience

Pulling Back on Ads

Display ads and programmatic banners might seem like passive revenue, but for most beehiiv creators, they weren’t worth it.

Laughing Squid moved away from traditional ad platforms after realizing they cluttered the experience and underperformed. On beehiiv, they could run cleaner sponsorships that felt organic.

The Myth of Viral Revenue

Going viral can get you views, but not necessarily value.

Creators who chased spikes in traffic often found that the new readers didn’t stick. Worse, they didn’t buy.

In contrast, slow-and-steady growth through email led to deeper relationships and stronger monetization.

Mistakes They Wouldn’t Repeat

From our scan of beehiiv case studies and interviews, here are the top regrettable missteps:

  • Monetizing too late

  • Not testing the paid product before launching

  • Working with mismatched sponsors

  • Not building an email list sooner

The Role of Consistency and Patience

Nobody makes serious money overnight.

They built trust. Experimented. Learned. Pivoted.

You don’t need 100 newsletters. You need to send the next one.

Consistency builds revenue. Full stop.

What I’d Do Differently If Starting Today

How to Monetize Content Without a Massive Audience

Let’s borrow lessons from the best and create a simple roadmap.

If you’re just starting, here’s what creators wish they knew earlier:

  1. Launch on beehiiv: not Medium, not Substack. beehiiv gives you growth and monetization tools from day one.

  1. Start your email list immediately: use these opt-in examples.

  1. Pick one monetization model first: product, affiliate, or sponsor.

  1. Validate before building: ask your readers what they want.

  1. Use a simple welcome sequence: grab this confirmation template.

  1. Track everything: what links are clicked, what emails convert, what sponsors perform.

Tools That Helped Creators Monetize Faster

Based on beehiiv case studies and actual creator stacks, here’s what works:

How to Monetize Content Without a Massive Audience

And if you’re focused on improving open rates, these help:

All the Ways You Can Monetize on beehiiv Today

If you’re wondering what’s possible starting right now, here’s the full menu.

1. The Ad Network
Automatic, built-in monetization. beehiiv matches you with sponsors based on your audience. Just turn it on.

2. Paid Subscriptions
Create premium content and charge monthly. Set up multiple tiers. Deliver gated content seamlessly.

3. Boosts (Referral Growth Meets Monetization)
Run referral programs where other creators promote you. beehiiv's Boosts let you grow your list and get paid to recommend others.

4. Affiliate Links
Drop links to products you trust. Use segmentation to target offers. Track clicks and conversions in-platform.

5. Digital Products
Think: eBooks, templates, courses, reports. Link Stripe, sell directly. No need for Gumroad or third-party tools.

6. Sponsored Posts & Newsletters
Outside of the ad network? You can still run custom sponsorships directly. Some creators even sell by the issue.

7. beehiiv’s Partner Program
Share beehiiv with others and earn recurring commissions. This is especially effective for newsletters aimed at creators or marketers.

Final Thoughts on Monetizing Content

Monetization isn’t about scale. It’s about strategy.

If you create valuable content, connect with your audience, and choose aligned revenue streams, you’ll start seeing results.

Whether it’s $50 in affiliate commission or $500,000 ARR,  it starts with the decision to treat your content like a business.

And if you're not already on beehiiv? That’s your next step.

👉 Sign up for beehiiv and turn your content into a monetization machine.

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