What should your newsletter sponsor pay?
CPM × real opens × niche premium × placement = the per-send rate to actually send a sponsor. Plus 4-send packages and dedicated-send pricing derived from the same base.
$20–$50 general · $80–$150 B2B/finance/tech.
0.5 footer · 1.0 mid · 1.5–2.0 dedicated.
0.9 general · 1.0 niche · 1.25 senior decision-makers.
Per-send rate
$270
6,750 opens × $40 CPM × 1.0 × 1.00
Monthly revenue (sold out)
$1,080
4 sends fully booked
4-send package (10% bundle)
$972
Higher conversion than per-send
Dedicated send
$486
1.8× per-send rate
Conservative
$230
Realistic
$270
Aggressive
$351
Conservative = first sponsor in a category. Aggressive = waitlist, renewals, proven CTR receipts.
Underpriced for the audience. Push CPM 30–50% on the next sponsor — niche newsletters routinely under-quote.
Per-send rate is healthy. Move existing sponsors to 4-send packages or 1-send dedicated upgrades for 15–40% revenue lift.
- Opens = subscribers × open rate %
- Per-send rate = (opens ÷ 1000) × CPM × placement × audience quality
- Monthly revenue = per-send rate × sends per month
- Package (4 sends) = per-send × 4 × 0.9
- Dedicated send = per-send × 1.8
Common questions
What CPM should newsletters charge?▾
$20–$50 per 1,000 opens for general newsletters. B2B/finance/tech with high-intent readers: $80–$150 CPM. Hobbyist or general-interest trends lower.
Open rate vs subscriber count — which matters?▾
Open rate is the real number. 30k subs at 50% open beats 100k subs at 15% open every time. Sponsors buy attention, not your dashboard vanity metric.
Should I charge per send or per campaign?▾
Per send works for predictable cadence. Campaign / package pricing (4 sends + 1 dedicated) lets you raise effective CPM 20–40%.
When can I raise rates?▾
Anytime you have a waitlist, when an existing sponsor renews, when CTR proves out, or when audience quality changes (more buyers, more decision-makers).
What CTR should sponsors expect?▾
0.5–2% CTR on mid-issue placement is normal. Dedicated sends 2–5%. Below 0.3% you're underdelivering and renewals will collapse.