Beehiiv Onboarding Teardown
Newsletters.
(I get it, youโre thinking about those spam emails in your Updates
and Promotions
tab, amiright?)
Iโve been there. ๐ฅฒ
โ
I tried the infamous โInbox 0โ trend. And fell shortโฆby like 743 emails short.
Then I asked myself โ โIโm sure other people will also have a TON of spam, product, and rando emails in their inbox.โ
So โ if everyone has spam in their email โ how does a person or a company get the attention of their customers via email? Is email marketing dead? And will I ever reach Inbox 0?
I couldnโt be further from the truth. And couldnโt be further from Inbox 0 LOL. ๐ญ
<aside> ๐ฉ There are 4 billion daily email users. Brands know this. In 2023, nearly 37% of digital-first brands increased their email budget to target these 4 billion users.
โ
The truth is โ Email Marketing is alive and well.
But itโs not โEmail Marketing.โ
Gone are the days when you have emails with subject lines like ๐
โ
โ
This change in Email Marketing Newsletter Content Creation was started by Substack.
And itโs been taken over by beehiiv.โ
Beehiiv is a software-as-a-service platform that allows users to โ capture emails + share content + earn revenue. The latter part of this โ earn revenue โ can be through their Ad-Network or by using their platform to create a subscription service.
They allow users to:
โ
Beehiiv is a newsletter platform for individuals and companies that want to create content that is distributed in this order:
1๏ธโฃ Email First ๐ 2๏ธโฃ Social Media Second ๐ 3๏ธโฃ Website Third
โฉ๏ธ Buzzin Bee Note:
This form of distributionโ๏ธ is ass-backwards for traditional media companies.
Think of a traditional financial media company like โ Bloomberg or Economic Times โ their first distribution channel is the website, second is social media, and third is direct email.
The media companies built on beehiiv want to create a new way to distribute content. One that is email first.
Beehiiv is changing the game.
โ
Beehiiv offers two kinds of products โ a free and a paid newsletter:
Free newsletter:
Paid newsletter:
๐ฐ Cost:
Entry level โ $42/month โข
Premium โ $84/ month
โ
๐ Going back to my professorโs adage โ โIf you want to sound smart, use numbers.โ So, some stats:
๐ฃ Founded in 2021
โ
โ Ex-Morning Brew employees
โ
๐ฐ $12.5 Million Raised (Series A)
โ
๐ข $3 million Annual Recurring Revenue
โ
๐ค Over 7,500 newsletters active
โ
๐ 10 million monthly website visitors
โ
As mentioned earlier โ beehiiv wants to bring on a different set of media companies and new-age creators.
These are โ media companies building out a newsletter before any other distribution channel **or creators looking to capture emails in exchange for long form content.
Some of beehiivโs top newsletters ๐
โ
โ
โ
โ
โ
โ
โ
โ
โ
โ
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Beehiivโs users are trying to do one thing well โ distribution.
What will be distributed based on ICPs
ICP โ 1 | ICP โ 2 | ICP โ 3 | |
---|---|---|---|
Who | Creator | Media Company Executive | Marketer at a Product Company |
Trying to do | Distribute content for engagement | Distribute content in exchange for revenue | Distribute content to sell the product/service |
Distributing to | Followers | Readers | Customers |
To understand โ what the user is hiring the product for letโs look at each userโs โ Customer Journey Map.
๐ฐ For this โ Iโve created 3 separate videos of each ICP (based on my conversation with them) on:
โ๏ธ Note:
โ
1๏ธโฃ Creator
๐ CJM link โ โฃ
๐ How would they land up at beehiiv?
Creators wouldโve heard about substack. They would end up being disappointed with subtackโs 10% take rate and would search for an alternative.
When searching for substack competitors or alternatives, beehiiv shows up, albeit at the end of a list of alternatives. ๐
One of the links is โ this one โ written by the beehiiv team, which clearly shows the benefits of beehiiv over substack.
๐ How would they navigate the beehiiv landing page?
On landing on the comparison page, the creator would read:
From there โ the reader would navigate to the main landing page and see a bunch of companies that used beehiiv. The one that will catch her eye is โ Miss Excel, a Microsoft Excel influencer who uses beehiiv for her newsletter.
This is when the creator is S O L D.
๐ฃ๏ธ โIf 2 out of 3 creators use this, I should too. And I already know itโs better than substackโ
โ
Now, a quick glance at the product features + pricing plan and the creator clicks the button ๐
[ Start a Newsletter โ]
โ
๐ CJM link โ https://drive.google.com/file/d/1sUryXvPSpRttZhczjKQbZQ86CiUIJbgp/view?usp=sharing
๐ How would they land up at beehiiv?
A marketer would be checking out a bunch of resources to determine โ How Do I Re-engage My Users?
One of the answers comes from this blog, and one of the solutions is โ content marketing through newsletters.
A quick Google search and the user finds beehiiv with the following suffix โ โThe newsletter platform built for growth.โ
Sheโs now on the landing page but isnโt sold yet.
๐ How would they navigate the beehiiv landing page?
She needs to take back talking points to her higher ups because she is NOT the decision market.
So, she looks for brag-worthy points.
From there, she navigates to the pricing section and scrolls down to the Enterprise offering, because her companyโs email volume cannot fit into the existing paid plans.
After filling in the details she hits ๐
[Create an Account]
The user lands up at the first onboarding page after clicking one of 3 screens:
โStart A Newsletterโ (the primary CTA on the homepage)
โ
โGet Startedโ (the secondary CTA on the homepage)
โ
โ
โ
Either of the three CTAs on the pricing page โ โSign up for freeโ or โStart 14-day trialโ on the pricing plans
โ
โ
โ
Each of these โ๏ธ three screens โ brings the users to this screeen ๐
โ
โ
Page 1
โ
Page 2
โ
โ
โ Each of the three onboarding pages have the following statement โ "By signing up, you agree to our Terms of Use and Privacy Policy.โ
This skips the step of manually agreeing to the Terms and Privacy Policy. Hence, avoiding a minor pain point.
โ
Page 3
โ
๐ Link to the whimsicalโ
๐ก Suggestions:
โ
โ
โ Additional points:Distributing the newsletterIntegrating the newsletter with pluginsCross-recommending the newsletterCollaborating with brands via the newsletterBeehiiv is part of the โ content distribution game.Hence, we need to look for metrice that track how much content is distributed, how many people distribute the content, and how consistently is it distributed.
When is a user โ an active user
Hypothesis of metric x (red) in time y (blue).
ICP โ 1 | CreatorThe user has sent 2 emails in the span of 10 daysThe user has set up 1 Welcome Email
Subscribers added + Content Added within 48 hoursD1 โ D7 โ D30 โ Number of Newsletters SentD1 โ D7 โ D30 โ Number of Subscribers AddedD1 โ D7 โ D30 โ Welcome + Design CompletedD1 โ D7 โ D30 โ Website Visits (if using a beehiiv website)Daily Active Readers (DARs) and Daily Active Clickers (DACs), similar on a monthly basisAcquisition source of emails โ growth over time โโโโโโโโโโโโโโโโโโโโโโ READING ๐ BREAK โโโโโโโโโโโโโโโโโโโโโโโThanks for reading my assignment. ๐Iโve been writing a daily crypto newsletter called โ doodhwala โ on beehiiv for the past year. I love the platform and it was a pleasure doing its tear down.If youโve got any feedback or coffee recommendations, drop me a DM with โ๐โ on:๐คฉSlack๐ฆTwitter๐ผLinkedIn๐ฉEmail โโโโโโโโโโโโโโโโโโโโโโ READING ๐ BREAK โโโโโโโโโโโโโโโโโโโโโโโAAakash Athawasya09/02/2023
โ
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