Build a media kit before you pitch
A media kit is the document sponsors request before any conversation about money. Include: subscriber count, open rate, click rate, audience demographics (industries, seniority, location if you know it), example past issues, and your rate card. A one-page media kit as a PDF converts better than a spreadsheet or a verbal description. Keep it honest — inflated metrics are discovered quickly and destroy relationships.
Your open rate matters more to sponsors than your subscriber count: a 4,000-subscriber list at 50% open rate is more attractive to sponsors than a 20,000-subscriber list at 8%.