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Joseph Hayes
Publishing
A mailing list can get treated like a scoreboard, which is a slightly odd way to think about readers.

More names is not always more useful. Sometimes it just means more people who vaguely remember clicking a box three years ago and now ignore everything you send.

The tidier question is less glamorous: who actually wants to hear from you, and why? If the answer is “a smaller group who open the emails and care about the books”, that feels like a better problem to have than a large list built out of habit and optimism.
Joel Lewis
The awkward bit is that a big list can flatter you into thinking you have an audience when you mostly have a pile of dormant addresses. Open rates are a poor substitute for actual interest, but they do at least tell you who’s still awake. I’d rather know 500 people are paying attention than 5,000 who are politely ignoring me.
Andrew Taylor
A list can be too tidy as well. People unsubscribe, change habits, or just stop noticing. The real test is whether the list still has a pulse.

I’d rather have a small number of regular readers than a grand total that flatters the spreadsheet. Dead names don’t help anyone, and they can make you start writing to the wrong person.