- Grow đź“§ Monetize
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- đź“© Paying more for leads can win
đź“© Paying more for leads can win
Stop chasing cheap signups and start buying engagement
So their growth partner suggested something that sounded backward: raise cost per lead by 30%.
Revenue jumped 10x.
Nothing magical happened. They just changed what the ad platform was being asked to find. Instead of optimizing for “email submitted,” they optimized for signals that looked like a real reader: opens, clicks, and downstream purchases. The price per signup went up, but the value per new subscriber exploded.
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Why CPL lies to you
A $2 subscriber isn’t “better” than a $3 subscriber. It’s only cheaper.
If the $2 person never opens and disappears in a month, while the $3 person clicks, buys, and sticks around, the math is brutal. You saved 33% on acquisition and gave up most of the upside.
What matters is what you earn per engaged reader, not what you pay per raw signup. Track it by source and by cohort, because averages hide the truth.
Your creative is the targeting
The old playbook leaned on interests and tiny audience tweaks. That’s not the lever anymore.
Your ads teach the algorithm who your reader is. If your creative is generic, the platform will happily find generic people who do generic things, like sign up and vanish.
Make the creative specific enough that the wrong person scrolls past instantly.
Bad: “Grow your business with better insights.”
Better: “Agency owners: stop losing renewals because your follow-up is chaos.”
One clear audience. One painful problem. One promised outcome. That’s the targeting.
Deliverability is the multiplier nobody wants to look at
A big list with a lot of “zombies” is not neutral. It’s harmful.
When a large chunk of your audience never engages, inbox providers learn that your mail is less wanted. That can drag down placement for the people who actually like you. You end up hurting your best readers to keep sending to your worst ones.
The fix is boring and powerful: segment, suppress chronically unengaged addresses, and watch performance by inbox provider. Protecting inbox placement makes every other effort work better, including paid acquisition.
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What strong operators measure
They don’t obsess over list size. They run a tighter scoreboard:
Revenue per engaged reader
Engagement by source and cohort
Churn patterns in the first 30 to 60 days
Send strategy that favors engaged segments
Monetization depth, not just ad slots
Here’s the real advantage: when your average subscriber is worth more, you can afford to pay more to acquire them and still win. That’s how you outbid competitors without lighting your margins on fire.
The reframe
Most teams think the problem is “How do we grow faster?”
The better question is “How do we make each new subscriber matter more?”
Solve value first, and growth gets easier. Solve growth first while value stays weak, and you just build a bigger, noisier version of the same problem.
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