According to MarketBeat's founder, email lists experience diminishing returns and deliverability issues after hitting about one million subscribers. His strategy to scale beyond this "melting point" is to create multiple, distinct newsletter brands rather than growing a single monolithic list.
Service-based entrepreneurs often neglect building an email list, viewing it as a tool only for digital marketers. This is a critical mistake. An email list is not just for current sales; it is the foundational asset that provides the audience and trust needed to successfully pivot into new business models later on.
Newsletter growth strategies are ephemeral, as platform algorithms and user behaviors change rapidly. Matt McGarry's journey from 0 to 50k subscribers involved cycling through Twitter, paid ads, LinkedIn, and YouTube as primary channels, highlighting the need for continuous experimentation.
Your business grows not by the size of your email list, but by the number of 'whales'—customers who buy high-ticket items and purchase often. Focus all marketing efforts, from lead magnets to ads, on attracting and identifying these individuals, as this is the fastest path to growth.
Don't just treat other channels as spokes for a central email list. Instead, build a multi-channel network where email, YouTube, SMS, and other platforms all point to each other. This creates a resilient web that captures and retains audience members across their preferred platforms.
Regularly analyzing your email list by domain reveals critical insights. A high concentration of addresses at one company (e.g., Ford.com) can cause deliverability bottlenecks but also signals a major sales or partnership opportunity that might otherwise be missed.
Relying solely on social media platforms for your audience is like being an employee of those platforms. An email list is the only owned asset that gives you direct, unmediated access to your audience, making it non-negotiable for long-term viability.
Effective marketing favors deep targeting over generic email lists. For a niche book, the author scraped 14,000 emails of relevant university faculty for a personalized outreach campaign. This thoughtful, scaled approach generated overwhelmingly positive responses, proving its superiority to mass marketing.
Analyzing your email database by domain reveals critical insights. A high concentration at one company can create a deliverability bottleneck. Conversely, discovering many subscribers from a target company (e.g., Ford) presents a significant, often overlooked, sales or account-based marketing opportunity.
Position your email list as the central hub of your marketing, not just another channel. The primary goal of all other efforts—social media, podcasts, blogs—should be to grow and serve this core, owned asset. This creates a sustainable, defensible marketing ecosystem.
Forget chasing vanity metrics. A small, niche audience is more valuable. Matt McGarry reached $50k in monthly recurring revenue with only 935 subscribers by selling a high-ticket service, proving a focused, high-value business model trumps a large audience.