Who actually uses these products,
and what made them stay.

The Beehiiv Newsletter Operator

A newsletter founder, media operator, or content entrepreneur who runs a publication with 5,000–100,000 subscribers and treats it as a business with its own P&L, not a side project. They chose Beehiiv because it was built for operators — it has ad network access, referral programs, segmentation, and analytics that treat the newsletter as a product. They think in CAC, LTV, open rate, and click-to-open rate. They have a growth number they're working toward. They may or may not write the newsletter themselves.

“They're in the monthly business review.”

The Ghost Independent Publisher

An independent journalist, researcher, media entrepreneur, or content organization that chose Ghost because platform ownership matters to them. They're running a publication with a membership model — free and paid tiers, regular editorial content, and a direct relationship with readers they're not willing to cede to Substack's network effects or Beehiiv's operator framing. They are technically capable enough to run Ghost on managed hosting or self-host it. This was a deliberate choice. The people who choose Ghost have thought about the alternatives more carefully than most tool decisions require.

“Not a single dramatic moment — more like a Tuesday at 3pm when they realized they hadn't thought about theme customization that requires Handlebars knowledge most writers don't have in two weeks.”