Define what converting means for your newsletter
Conversion means different things for different newsletters: purchasing a product, booking a consultation, clicking to a blog post, upgrading to paid, or simply replying. Before you write a single issue, decide what action you want your subscriber to take.
Every issue should have one clear intended action. Newsletters that ask readers to buy, share, reply, follow, and click all at once get none of those things. The clearer the single outcome you are optimising for, the more effectively every sentence in the issue can point toward it.
What does conversion look like for your newsletter? For a creator selling a course, conversion is a click to the sales page. For a consultant, it is a reply that starts a conversation. For a media newsletter, it is a click to the sponsored link. Define it precisely before you write.