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There’s a $525,000,000 playbook for local email newsletters that many agents still don’t know about yet.

So, I wanted to share what we learned from Axios, which sold for $525 million, that we used to start running a similar playbook across many different markets.

We produce roughly 25 unique email newsletters every month using this playbook.

(Not counting the amount of different segments we send within each account to different audiences. Some weekly, some biweekly, and some monthly.)

While email newsletters aren’t “easy,” they can be “simple” with a system.

If you don’t have an email playbook, email is the highest ROI (return on investment) marketing channel compared to every single other one (36-70X, +$36 earned for every $1 spent), and it’s still growing.

So, here’s ours so you can swipe it for yourself.

— Andrew

Playbook

The local email newsletter playbook was written by Axios, a media company focused on writing smarter, more efficient content on topics shaping the world and always putting its audience first.

It planned to focus on:

  • business

  • technology

  • politics

  • media trends

They generated more than $10,000,000 in revenue in its first 7 months of short-form native advertising and sponsored newsletters.

With 200,000 subscribers, a 52% open rate, 11 newsletters, and 89 staff - it was time to scale.

They started national but then acquired a local company in 2020, Charlotte Agenda, in Charlotte NC, which started their next phase into many of the major metro markets in the US.

Their local newsletters focused on:

  • local news

  • things to do

  • food & drink

  • real estate

  • business

  • sports & more 

The rest is history.

But why does this even matter for agents?

Axios isn’t the only company to prove you can get attention and build an audience with newsletters.

  • Axios sold 70% for $525 million, with reportedly around 500 employees

  • Morning Brew sold a majority portion for $75 million, all cash, with reportedly about 60 employees

  • The Hustle reportedly sold for around $27 million

  • MilkRoad built & got acquired in only 10 months and had only 1-2 people writing it

Why?

  • Email is a form of “owned” audience (caveat: you still need to put out great content to be worthy of being opened & read, aka Axios is Greek for worthy)

  • $1 million revenue per employee is a high-value return per employee (rough math example based on the above numbers). Granted, many of these companies grew, so that changed the numbers. Yet, for many of these companies early on, they only had 1 writer & maybe 1 editor per newsletter.

  • Email return on investment (ROI) is 36-70X ($36 made for every $1 spent). Email acquires 40X more customers than Facebook & Twitter combined.

  • Email revenue is only expected to still continue growing.

  • The best part about email is if you’re already building an audience on YouTube or another platform, while YouTube, TikTok, Instagram, etc. are great at getting attention, email is the best way to keep their attention long term. You can take the relationship further, and convert more easily. Email is the next natural progression after social.

So, back in 2021, I asked myself why there aren’t more local newsletters? That’s when I started writing a few myself.

As an agent, your goal is to be the “resource” so that when someone decides to buy or sell, they think of you.

  • Re - again

  • Source - where information is obtained

My thesis is that if you become a local source for the important things going on in your market, you can become the go-to resource.

Gary Vee says to be the “Digital Mayor”

So, how do you get started with email newsletters? First, create a repeatable system by having a simple, repeatable structure.

1) Sources

If you don’t fuel the system with great information (content), then nothing else matters.

Here’s a few examples I follow in Tampa:

There’s more, but I look for modern media brands that stay on top of what’s happening now.

Use a Notion database like this to stores source of ideas.

2) Structure

I analyzed Axios, Morning Brew, MilkRoad, and many other million-dollar newsletter structures, so you don’t have to.

Back in 2021, I found this simple format and have used something similar ever since.

3) Support

After you have a structure, you need support to make it happen more easily.

  1. Software

  2. People

Three of the more popular email newsletter platforms are:

Many use the first 2 because they’re great for multiple things beyond just email newsletters (landing pages, automation, etc.). ActiveCampaign isn’t bad either.

You can find 1 part-time person or get help from an admin/marketing person, so you don’t have to do this all on your own.

One example is a solo agent who hired a part-time admin VA and is also leveraging her to help with her newsletter.

Then scale this from:

  1. Monthly newsletter

  2. Biweekly newsletter

  3. Weekly newsletter

A daily newsletter in real estate would be tough because most people don’t care about what’s happening in their area daily.

However, people do care about what’s going on in their neighborhood/town/city/etc. weekly.

After you scale the newsletter, you can add other layers of email marketing, a few examples:

  • Listing blast - sending a single listing email or a list of homes like open houses weekly. Whenever you want to market a listing or send homes to your database.

  • YouTube blast - single email announcing new YouTube videos you launch

  • Conversation starter emails - these are single emails with the purpose of using information to spark conversations. Jimmy Mackin popularized this for using data to keep your database updated on what’s going on. Then, use the final sentence or P.S. as a call to action. Examples are on his Instagram and the Listing Leads subscription.

Of course, there’s other things like action plans, etc., but if there’s anywhere to start, I’d start with:

  1. Email newsletters

  2. Conversation starters

Then, decide what else you want to send from there.

Use this as your real estate email marketing playbook.

In this YouTube for Realtors masterclass, meet Matt Lunden, a Realtor in coastal Delaware who scaled from 0 to $106,000 in income in year 1, $230,000 in year 2, and is already $350,000 for year 3 in only 4 months of the year directly from YouTube.

Whether you're starting from zero & no channel or experience, I asked him everything, and he was unfiltered.

He did this all with nearly zero experience, starting as a PGA professional in Pinehurst, NC, to moving back to Delaware as a new agent. So here's Matt's story!

We talked about👇 

  • His journey from Pinehurst PGA pro to real estate YouTuber

  • The exact content strategy that attracts his ideal clients

  • We cover EVERYTHING YouTube from video ideas to AI thumbnails to thumbnail testing to retention to leads & WAY MORE

  • How he converts YouTube leads with Airtable, a VA, a Facebook group, and email newsletter

  • Growing beyond YouTube & building a team for leverage

So, if you want to level up your YouTube game this one’s for you!

Watch it now on Breaking and Building Leaders YouTube!

Trends in Real Estate, Listings, YouTube, Social & More:

I wanted to find a way to share a few of the recent trends & patterns between everything from:

  • the clients we work with

  • podcast guests

  • friends in the industry

  • what I’m paying attention to

  • people & brands outside the industry, etc.

These are single agents selling to teams/brokers up to +$1.5B/YR, and everything in between.

  1. Trends in Real Estate

  2. Listing Strategies

  3. Buyer Strategies

  4. Trends in Social, YouTube, etc.

So I created a video, but it didn’t turn out as expected, so I’m going back to the drawing board.

However, I wanted to at least share a few nuggets incase you find it helpful:

1) Trends in Real Estate:

  • Expired listings are becoming a growing psychographic to market to for listings

  • Boomers are another psychographic that will be moving the next 1-2 decades for listings

  • The benefit of teams is having the capacity to facilitate a more complete service for agents & clients, examples below.

  • Understanding your value proposition as a buyers’ & listing agent that’s actually different from anyone else.

2) Listing Strategies:

  • The packaging (home prep, staging, positioning/pricing) for a listing is beginning to matter more & more, even as a differentiation factor on listing presentations.

  • Setting clear expectations on the listing presentation for days on market, etc. in the seller’s micro market is crucial.

  • Agents/teams are finding ways to manage the entire process, and fund home prep + staging. Whether it’s deferring the cost until close or rolling one or the other in the 6-7% fee.

  • Some agents/teams are bringing staging in house or at least helping fund it.

  • Agents/teams investing their time, money & energy on home tour videos is becoming the new gold standard (the new open house aka actively working to sell the listing).

  • 1 listing video often isn’t enough anymore, you need to prep for a strategy with a few. With homes taking multiple weeks or multiple months to sell, it’s beneficial to know how to create multiple variations of videos (main YouTube video with an agent, no agent YouTube video, full walk through short form, single feature Reel, trendy 7 to 27 second Reel, etc.)

  • Building lists of potential (want to be) sellers is a new norm. When you control the inventory, you control your market.

3) Buyer strategies:

  • Buyer consultations are becoming more the norm, especially to help weed out or short the time to close.

  • Setting client on an automated MLS search only isn’t enough as a buyers’ agent. Even single agents are hiring admin to help specifically send clients listings to clients daily. (For 5 to 25 active buyers it’s only a 30 min to 1 hour task)

4) Social & YouTube:

  • Importance of "demand capture" and "demand creation" content strategies

  • Short-form video hooks (aka the first few seconds what you say, see & show) can make or break your content.

  • We’re seeing success with short, trendy style (ex. read the caption, green screen, etc.) videos that talk about your specific area/city.

  • YouTube becoming the "new TV" for businesses to reach their audience

  • Trend of successful "no-person thumbnail" when the video product/topic itself is compelling

  • Rise of vlog style, low-fi real estate content on YouTube

  • YouTube live is a way to increase output, test topics & go deeper with your audience in a lower cost & lower effort way than producing a whole other YouTube video weekly.

  • Multiple YouTube channels to segment content for different audiences (e.g. consumer-focused, agent-focused, podcast, brokerage listings vs. home tours with an agent, etc.)

  • Business/entrepreneurship content shifting away from "how-to" to higher level strategy, trends and mindset

Rapid Fire:

That's it for today!

But if you have any questions, then reply & let me know.

(This helps me create the right type of content hearing what you actually care about)

Let's have an amazing week!

Andrew Bayon

P.S. Want to level up your marketing in 2024 & attract clients instead of chasing Leads?

Then I’ll reply with “VIDEO” and I’ll send a video showing what we do.

Or you can schedule an time to chat where I’ll give you a marketing strategy you can walk away with and implement, complimentary.

Looking for work? We’re hiring creatives (Editors, Designers, Writers, Social Media/YouTube Managers & more), just reply with “JOBS” and I’ll send you our job board for you to apply.

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