Media platform showcasing founder success stories.
Starter Story monetizes primarily through recurring subscriptions, sponsorships, and affiliate marketing. Sponsorships account for around 57% of the revenue, with companies like Klaviyo paying to sponsor the website and newsletter. Affiliate marketing contributes about 5% of the revenue through commissions on affiliate links. Starter Story also offers courses and mentorship as part of its subscription tiers, and sells standalone courses separately.
“I monetize the newsletter with a sponsorship, and I start making some money from affiliate revenue...we start to talk about the potential of Klaviyo sponsoring the newsletter. And then he comes to me with a number, $12,000.”
“Pat left his job at Google in 2019 when Starter Story was generating about $8,000 per month from a combination of newsletter sponsorships and a premium membership at $29 per month.”
“A few months after launching Starter Story, Walls was approached by an email marketing company called Klaviyo, and they soon struck a deal that positioned the company as the exclusive sponsor of Starter Story.”
“Sponsorships account for a slight majority of the revenue Starter Story brings in, around 57%. In March of 2019, Pat said Klaviyo started paying $4k per month, or $48k per year to sponsor the whole website and newsletter.”
“At one point, he was selling upward of $50k a month in sponsorships.”
“Years ago, we relied 100% on sponsorships and ad revenue.”
“premium membership at $29 per month. The premium tier gave subscribers access to the full database of case studies, financial data, and downloadable resources ... Pat raised the premium price to $39 per month (later $33 per month billed annually) and saw subscription revenue climb rapidly.”
“Premium memberships (~38% of revenue): Members pay a yearly fee and get unlimited access to all of our case studies, databases, and other benefits”
“Starter Story has a similar business model to what the New York Times has for its content... There are 3 pricing tiers for the subscription, with the highest one including their courses and mentorship for your business.”
“it is profitable and generates a 'seven-figure' revenue, according to founder Patrick Walls.”
“he doubled down on publishing, hired carefully and built out a subscription product. Revenue climbed past six figures, then hit seven. Starter Story crossed the $1 million mark in annual revenue and kept going, all while staying bootstrapped. A growing vault of thousands of founder interviews tu...”
“Advertising and sponsorships (~57% of revenue): Companies pay us to advertise their product in our newsletter and our website.”
“We would put the ad at the top of every page, and then we put a native ad in every newsletter.”
“The business is run by a team of three full-time staff: Walls, his sister and chief operating officer Sam, and producer Gus Tiffer.”
“Within two years, Starter Story surpassed $1 million in annual revenue.”
“I monetize the newsletter with a sponsorship, and I start making some money from affiliate revenue...I'm making money through some affiliate marketing.”
“Affiliate revenue (~5% of revenue): We get paid when a reader clicks an affiliate link on our website and signs up for something or makes a purchase”
“Many of these are affiliate links, and Starter Story gets paid a commission when these are used. Affiliate marketing accounts for around 5% of revenue.”
“he also switched from recurring subscriptions to a one-time payment that gave customers permanent access to his content archives.”
“Today, Starter Story has... more than 10,000 paid members...”
“Pat also created the Lean SEO course that walks through how he grew the website to over 1M monthly visitors from search alone. He sells that as a standalone product that can be bought without having an annual subscription. Right now it’s $249, but it looks like they’re increasing the price to $44...”