Hi everyone! 👋
I am a law student in the UK and I am putting together an automated email reminder for other students to help them with job and internship applications to law firms.
I have had several people message me saying that they would love to sign up for this and after putting a link on my (small) LinkedIn profile a few hours ago, I already have 50+ signups.
These people would recieve about 1 email a week.
I do not intend to charge for these reminders as I do not think it is valuable enough for that nor are students a good target market.
Therefore, my main questions are as follows:
-I am happy to keep this service going for free to the students, but I would like to be able to pay mailchimp fees so I'm not making a loss on it. What are the best ways to monistise this in order to do that?
-At how many signups does a newsletter/reminder/email list become valuable enough that an advertiser (e.g. a law firm) would be interested in paying for advertising space? 1000/2000/5000/10000?
-Am I better taking a loss now and hoping I can make it back in the future if it grows with a course/book etc?
Any advice would be very much appreciated!