If I were starting a newsletter from scratch today, here's the first thing I do before writing a single word:
Know that there's more to “picking a niche” than you think.
It’s true that picking the right niche makes growing and monetizing 10X easier.
But I've never seen a newsletter fail because they picked the “wrong niche”.
There are very few bad niches.
However, I've seen dozens of newsletters fail because they don't solve a problem for one ideal reader.
Choosing a niche is not just about picking a market, an industry, or a topic.
It's about picking a PROBLEM to solve.
Here's the framework I use with founders in Write, Grow, Sell to do this the right way:
The 4 things to consider when picking a niche
What skills, experiences, or interests do you have?
Is it a high-need audience? Is it growing? Is the topic trending?
Is the audience valuable to advertisers? How many advertisers are there? What are the ad rates?
Does the audience buy a product or service you can sell them?
The right niche sits at the intersection of all four.
Here's how to find it:
1) Scratch your own itch
The easiest, most straightforward way to create content is to write something YOU want to read.
When you create content that solves a problem you have — or someone you know intimately has — you can assess the quality of that content quickly and directly.
You know the problem and the value of its solution.
There's no substitution for that.
Tim Ferriss says it best: “Don't try and please anyone but yourself. The second you start doing it for an audience, you've lost the long game.”
Write down a list of 5–10 things for each of these:
The skills, experiences, and credibility you've built through your work or career
The passions and interests you have — things you do in your spare time, watch, read, research
The problems you have right now in your life, work, business, or relationships
For example:
Joanna Ericta, founder at The Assist had many bad experiences in toxic work environments. The silver lining was that she learned how to negotiate, find purpose in work, and become a better leader. That led her to build one of the fastest-growing B2B media companies for women professionals — now at 300,000+ subscribers.
WonderMind was started by Selena Gomez, her mom Mandy, and Daniela Pierson. All three had dealt with mental health issues like anxiety, depression, and OCD. They felt the existing content about mental health was clinical and impersonal. So they built a media company around mental health that was personal and actionable.
Morning Brew started because Alex Lieberman and Austin Rief were business students being told they had to read the Wall Street Journal every day. They found it dry and boring. So Alex summarized it in a way that was fun, concise, and easy to read.
None of these are radical ideas. They scratched their own itch.
2) High-need audience or tending topic
There are 6 reasons people actually read newsletters:
Make them better at their job
Save time and frustration
Make them feel smart
Make or save money
Increase their status
Make them laugh
Each reason is a base desire that needs to be met.
Or a painful problem in your reader's life that must be solved.
If the content you're publishing doesn't serve at least 1-2 of these needs, your newsletter won't be successful.
Look at your newsletter ideas. Which of the six do they hit?
If the answer is "none" or "I'm not sure," that's the problem.
Bonus: Is your topic trending up?
Will the audience for this niche be bigger in 5 years?
Will the audience’s need for the information be higher soon?
If so, that gives you an advantage.
But your topic doesn't have to be trending. It just can't be declining.
3) Advertiser value
Audiences that command higher ad rates are generally:
Business owners, founders, executives, and corporate decision-makers with buying power
People or institutions with large investment portfolios ($100k-$1M+)
High net worth and high income individuals
"Forced buyers" or in-market prospects (people moving, expecting a baby, looking for a CRM, etc.)
Higher-earning audiences command higher ad rates than lower. Niche audiences command higher rates than general. Professional audiences (industry/job function-specific) command higher rates than consumer.
For example:
B2B software companies want to reach decision-makers at companies that have buying power.
Personal finance and investing companies want to reach high-net-worth investors and traders.
Ecommerce companies who want to reach pregnant woman (in-market & forced buyers).
Most newsletter sponsors are in these 2 categories:
SaaS and B2B software
Personal finance, banking, and investing
According to data services like Who Sponsors Stuff (see there top 100 newsletter advertisers) and my experience with over 100 clients.
Now, this doesn't mean you must be in those niches to succeed. You do not need to build a sponsorship-dependent business.
There's other ways to monetize. But it helps.
What is the advertiser depth in your niche?
If sponsorships matter to you, you want a large market to sell advertising to.
Here’s a framework for seeing how big the market is:
If you listed out every possible advertiser that would likely be interested to get in front of this audience, how long is that list?
<25 potential advertisers = bad sign
25–50 = average
50–100 = good
100+ = great
4) Direct product sales potential
Will your audience buy something from you?
Are they already buying products in these categories? → Information or educational products, services, memberships, subscriptions, events, communities, coaching, etc.
Or another product or service you already have?
If so, that's a good sign.
Think about this:
Would a large enough portion of my audience be willing to pay for access to information, community, events, or coaching products to drive 7−figures in sales?
35 customers at $2500/month = $1M
200 customers at $5000 = $1M
1000 customers at $1000 = $1M
3000 customers at $30/month = $1M
8500 customers at $10/month = $1M
Pick a niche, then go 2–3 levels deeper
When most people pick a niche, they go too broad.
It's easier to start more niche, then expand over time.
Going broad and try to niche down later is a recipe for disaster.
Examples:
Fitness → bodybuilding → bodybuilding on a keto diet
Tech → AI → AI for marketing → using generative AI to make Meta ad creative
Local news → things to do in your city → kid-friendly things to do in your city
Personal finance → personal finance for high net worth → personal finance for busy founders
Niches within niches help you stand out and grow faster when you're starting from scratch.
Even if you only appeal to 0.1% of people globally, that's still 8 million people.
Naval said it best: “Become the best in the world at what you do. Keep redefining what you do until that is true.”
After niching down 2−3 levels you’ll find a topic you can be the best in the world at.
Don't just pick a niche. Create a category.
This is the big shift.
Don't try to build a better version Morning Brew or 1440 Media.
Don't try and be the next James Clear or Codie Sanchez.
Create something different.
Different is better than better.
It's better to be first in a category than to be better in someone else's. And if you can't be first, design a new category where you can be first.
This is category design.
If you’re starting a newsletter you want to be in a category of one.
That does not mean:
There are no other newsletters in your niche
It also does not mean and there are no other newsletters that solve similar problems or talk about similar topics.
It means no other newsletters do exactly what you do.
By creating a category you stand out. Even if you’re not an expert (yet) you can become the best in the world, in that category.
And by creating a new category, you can…
Own a word in the prospect's mind
Or “own” a phrase or idea in that category.
The most powerful concept in marketing is idea ownership.
Jay Clouse explained this well: “Instead of trying to build an audience, work to build an association with a specific word, phrase, or idea. When you're associated with that word, the connection spreads. As it spreads, it gets stronger. That association is what actually builds the audience.”
Examples of publishers and creators that own a word:
Miss Excel owns Excel
James Clear owns habits
ADHD Jesse owns adult ADHD
Brené Brown owns vulnerability
Justin Welsh owns solopreneur
Justin Moore owns sponsorship
1440 Media owns unbiased news
David Perell owns personal monopoly
Codie Sanchez owns boring businesses
When people want to learn or do something around the word or idea you own…
They come to YOU.
When they talk to friends about related topics, they mention you. When they search topics about your owned idea, you show up.
You probably won't have your one word or idea figured out before you start. That's normal. It emerges as you publish.
Find your market of 1 and your job to be done
Your job to be done is your value proposition. It's the problem your content solves. It's the reason people subscribe and read.
Every great newsletter does a specific job for its readers:
James Clear helps me build better habits
Daily Dad helps me become a better dad
Milk Road makes me smarter about crypto
Nice News inspires me with positive stories
1440 keeps me informed with just the facts
TLDR keeps me up to date on tech in 5 minutes
Football Guys helps me win more at fantasy football
The Rundown helps me use AI to be more productive
Stratechery helps me understand what's happening in big tech
Find your job to be done by answering two questions.
Who is your market of 1? Think of one real person. Ideally someone you know — a friend, client, employee, reader, or even yourself (past or present). What would that one person find extremely useful or interesting?
What is the concrete job you're doing for them? Be specific. How exactly will you help them solve their problem, reach their goal, or fulfill their desire?
Example:
When I started, my market of 1 was my first two employees at my marketing agency.
I wrote my first 5–10 newsletter issues to teach them how to grow newsletters for our clients. Other people found that content useful too. More joined. Over time, the content broadened.
Why it works:
When you write to 1 real person it makes the content you create feel personal.
Personal content helps you solve that person’s specific problem.
And what is personal is universal: The problems that person has are problems most of your subscribers will have too!
A few rules for nailing your job to be done:
Don't be vague. Jobs like "make me smarter," "entertain me," or "inform me" are too generic. Your job needs to be tangible — something people would pay for, even though your newsletter is free.
Talk to your market of 1. Build a customer avatar doc. Then interview 3–5 real people.
Ask:
Where do you get your favorite content about this topic?
What makes your favorite content so good?
What questions, problems, or challenges keep you up at night?
If we could create the perfect newsletter for you, what would be in it?
Think small. If your job can only help 1,000 people right now, that's fine. Help those 1,000 better than anyone else. You can expand later.
Fill in the blank. I help [market of 1] avoid [problem] by [solution].
Morning Brew's, written by Alex Lieberman: "We help the emerging business leader avoid looking like a schmuck in front of their boss by giving them a 5-minute conversational read about the most important stories in business today."
Mine: "I help founders and creators stop wasting time and money building their email list by giving them actionable step-by-step guides on how to start, grow, and monetize their newsletter based on real-world experience."
If you can't fill those blanks clearly, you don't have a job to be done yet.
Keep working on it.
Last thing
Don't overcomplicate this. Don't be a perfectionist.
Your niche and job to be done will evolve by publishing.
The best thing you can do now is start. Publish your weekly newsletter. Repurpose your content everywhere. Talk to your ideal readers, and keep going.
If you want to get results faster:
Join Write, Grow, Sell before the deadline on Monday.
This program… The curriculum, AI resources, and community inside have helped more people than anything build successful newsletters from scratch.
See the hundreds of success stories for yourself here: