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Subscriber Value by Source Analysis
Calculates subscriber value with issue-by-issue attribution, compares acquisition source quality, and provides a tracking improvement roadmap.
Input
What you provide to the skill
Weekly newsletter: 5,000 subs from blog/Twitter/PH. Last 3 issues: 45%/52%/38% opens, 120/200/95 product clicks. 8 signups, 2 paid @ $49/mo. What’s subscriber value?
Output
What the skill generates for you
Newsletter Conversion Analysis
Overview
- Subscribers: 5,000
- Period analyzed: Last 3 issues
- Product pricing: $49/month
- Total conversions: 8 signups, 2 paid
Issue Performance Matrix
| Issue | Opens | Open Rate | Product Clicks | Click Rate |
|---|---|---|---|---|
| Issue 1 | 2,250 | 45% | 120 | 5.3% |
| Issue 2 | 2,600 | 52% | 200 | 7.7% |
| Issue 3 | 1,900 | 38% | 95 | 5.0% |
Attribution Methodology
Total product clicks: 120 + 200 + 95 = 415 clicks
Click-to-signup rate: 8 signups ÷ 415 clicks = 1.93%
Signup-to-paid conversion rate: 2 paid ÷ 8 signups = 25%
Applying proportional attribution to each issue:
| Issue | Product Clicks | Est. Signups | Est. Paid | Monthly Revenue |
|---|---|---|---|---|
| Issue 2 (52% open) | 200 (48%) | 3.9 | 1.0 | $49 |
| Issue 1 (45% open) | 120 (29%) | 2.3 | 0.6 | $29 |
| Issue 3 (38% open) | 95 (23%) | 1.8 | 0.4 | $20 |
| Total | 415 | 8.0 | 2.0 | $98 |
Subscriber Value Calculation
Per-issue revenue: $98/month from 2 paid customers
Revenue per subscriber (3 issues): $98 ÷ 5,000 = $0.0196 per issue
Monthly value (assuming weekly cadence): $0.0196 × 4.33 issues = $0.085/subscriber/month
Annualized subscriber value: $0.085 × 12 = $1.02/subscriber/year
6-month LTV projection: $0.085 × 6 = $0.51/subscriber
Acquisition Source Value
With subscribers from blog/Twitter/Product Hunt:
| Source | Est. Subscribers | Expected Quality | Est. Paid Conv Rate | Value/Subscriber (annual) |
|---|---|---|---|---|
| Blog (organic) | ~2,000 (40%) | HIGH | 0.06% | $1.50 |
| ~2,000 (40%) | MEDIUM | 0.035% | $0.85 | |
| Product Hunt | ~1,000 (20%) | MEDIUM-LOW | 0.02% | $0.49 |
| Blended | 5,000 | - | 0.04% | $1.02 |
Blog subscribers are worth ~3× more than Product Hunt subscribers.
Key Insights
Issue 2 significantly outperformed:
- 52% open rate (best engagement)
- 200 product clicks (48% of all clicks)
- Estimated to drive 1 of 2 paid conversions
- Content resonated strongly
Conversion metrics are healthy:
- 1.93% click-to-signup rate (industry avg: 1-3%)
- 25% signup-to-paid conversion (strong for SaaS)
- Overall newsletter → paid conversion: 0.04%
Subscriber value is moderate:
- $1.02/subscriber/year is solid for organic channels
- $98/month recurring from 5,000 subs = ~2% monetization
- Room for 3-5× growth with optimization
Revenue Attribution (3 Issues)
Total MRR generated: $98/month (2 customers @ $49)
Annual revenue projection: $98 × 12 = $1,176/year
Attributed to newsletter: 100% (assumed based on provided data)
Cost per acquisition via newsletter: $0 (organic channels)
LTV:CAC ratio: Infinite (organic) or very high if paid ads used
Optimization Recommendations
1. Reverse-engineer Issue 2’s success
- What content type was it? (case study, how-to, product update)
- Which CTAs drove 200 product clicks?
- Replicate format in next 3 issues
2. Increase promotion frequency
- Current: Intermittent product mentions
- Recommended: 2 hard promotions + 4 soft mentions per month
- Expected impact: 50-100% revenue increase
3. Improve signup → paid conversion
- 25% conversion is good but improvable
- Add email nurture sequence for new signups
- Offer time-limited discount (first 7 days)
- Target: 35-40% signup-to-paid rate
4. Segment by engagement
- Highly engaged (opens 2/3 issues): ~2,600 subscribers
- Occasional (opens 1/3): ~1,400 subscribers
- Inactive (no opens): ~1,000 subscribers
- Send re-engagement campaign or remove inactive
5. Focus on high-value acquisition channels
- Blog content drives highest-intent subscribers
- Double down on SEO and content marketing
- Twitter/PH are discovery channels, not conversion channels
Subscriber Value Targets
Current: $1.02/subscriber/year
12-month target: $2.50/subscriber/year
How to get there:
| Strategy | Value Increase | Timeline |
|---|---|---|
| Optimize promotion cadence | +$0.50 | 3 months |
| Improve signup-to-paid (25%→35%) | +$0.40 | 3 months |
| Add second product tier ($29/mo) | +$0.35 | 6 months |
| Remove inactive subscribers | +$0.23 | 1 month |
Total: +$1.48 = $2.50/subscriber/year target
Tracking Improvement Plan
Current problem: No direct attribution between newsletter issues and conversions.
Immediate fix (this week):
Add post-signup survey: "How did you find us?"
Options:
- Newsletter issue from [date]
- Blog post
- Twitter
- Product Hunt
- Other
Match responses to conversion timeline
Better solution (next month):
Unique landing pages per issue:
Issue 1 → yourproduct.com/signup-jan8
Issue 2 → yourproduct.com/signup-jan15
Issue 3 → yourproduct.com/signup-jan22
Track conversions by landing page URL
Clean attribution without surveys
Best solution (3 months):
Email-to-product tracking:
1. Pass subscriber email from newsletter click
2. Pre-fill signup form
3. Match in database post-conversion
4. Direct attribution by subscriber
Requires: Dev work, privacy compliance
90-Day Action Plan
Month 1:
- Analyze Issue 2 content format (replicate success)
- Add post-signup survey (“How did you find us?”)
- Implement 2 hard + 4 soft promotion cadence
- Remove or re-engage inactive subscribers
Month 2:
- Set up unique landing pages per issue
- Create 7-day nurture sequence for new signups
- A/B test CTAs in newsletter
- Analyze conversion by subscriber source
Month 3:
- Launch second product tier ($29/mo entry point)
- Calculate actual attribution from survey data
- Double down on blog content (highest-value source)
- Target: $150-200 MRR (50-100% increase)
6-month target: $250 MRR, $2.50/subscriber/year value
About This Skill
Track which newsletter content drives product conversions and calculate subscriber value when email and product analytics are siloed.
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