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Bill Rice, Jr.'s avatar

In college, I got a minor in marketing. In my work experience, I've spent years selling advertising (print and radio). From all these experiences, I picked up the value of "branding campaigns" and appreciate how important a well-known or positive "brand" is.

In radio sales, we used to tell prospective advertisers, "keep running commercials year-round if you can afford to do so." If you do this with good commercials, when a citizen needs your product or service - and experiences the so-called "triggering event" - they'll first think of your business. Or you will be in the small group of business that a prospective customer will seek-out when they want or need to buy something.

This, I thought, might also apply to Substack authors. When someone discovers Substack, they are going to first and quickly discover the Substack authors who already have a pretty good brand or are well-known.

I thought in 2 1/2 years I might be in excellent position to pick up my "unfair share" of new Substack readers (because I've worked so hard to "grow my brand.")

But this really hasn't happened - which I find strange or interesting.

I do think this phenomena did apply for a while - the best-known "contrarian" Substack authors did experience rapid or impressive growth ... but then, for most of them, this boost stopped.

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Bill Rice, Jr.'s avatar

I can illustrate my "reads-per-new-subscriber" metric by the email I just received from Substack.

My story "Et tu, RFK, Jr" was read by 4,600 people. It generated four (4) new (free) subscriptions.

It thus, took me 1,150 reads (or "page views") to generate one new new subscriber (4,600 reads/4 new subscribers).

In the first six or so months of my Substack, I might only have, say, 2,000 "reads", but those reads might produce 50 new subscribers.

I got one new subscriber for every 40 people who read my article. (2,000 reads/50 new subscribers = 40).

A change from 40 reads-per-1 subscriber to ...

1,150 reads per one subscriber

... is pretty striking to me.

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