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your instructors Neil Patel and Eric Sue.

Today we're going to talk about if newsletters are actually a good business.

So I'm going to kick this one off.

This is by the Press Gazette future of media, reveals the top 27 highest earning

sub-stack newsletters that generate over $22 million a year.

So it shows that at least five sub-stacks,

so this is the newsletter kind of service, draws in over 1 million annually and you can see that this newsletter

over here letters from American 5 million a year 1.5 Lenny's newsletter which

talks about kind of startups and

product so it shows that some stack even though it's been around for a couple years that people are starting to build significant

businesses off of them and these people are just monetizing strictly off of

or mainly off of subscribers so charging like $10 a month or $100 a month

or something like that.

And then this might be the implied pay ranges

for people that are monetizing through kind of a complete cycle.

So, Neil, any thoughts out the gate?

Well, one of the biggest newsletter businesses out there is Agora.

They have Moneymap, Agora Financial, Palm Beach Beach you're talking about a multi billion dollar

organization I don't know what the revenues are recently but I know in the past few

years they're doing revenues when you start combining all of it of a billion

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