![]() The other way to make more money is through a referral-like program for Medium members. Like Substack, Medium account payments get processed through Stripe. Medium is a publishing platform that charges readers a $5 monthly subscription fee for unlimited access to articles. Patreon – A platform for content creators of all kinds (video, podcast, writers) to earn from their work, allowing you to share content directly to paying subscribers through multi-tiered subscription plansĬheck out this article for our full Substack review. Ghost – A similar platform to Substack but with more tools and third-party integration to convert readers into subscribers You may feel pressured to produce more content than you're used to just to please your subscribers, which may turn online writing into a chore.If you sign on for Substack Pro, the company takes 85% of whatever subscription revenue you earn in that first year.Substack and Stripe can eat into a significant share of your earnings ( 10% of your newsletter subscribers' payments go to Substack, plus an extra 2.9% plus 30 cents per transaction to Stripe).There are some limitations from the lack of third-party integrations, affecting the quality of the data analytics available.You'll likely have to build your audience off-site from scratch.Substack Pro is an option that offers independent writers an upfront sum of money for their first year on the platform.(See our picks for the best Substack newsletters.) The top 10 newsletters collectively earned $20 million in 2021.There are over 20 million readers using the Substack platform.Plus, content creators are now able to team up and create joint publications. Besides written content, Substack also lets you include podcasts in your newsletters. With some marketing or word of mouth, you can grow a loyal fanbase of like-minded people who validate your work. You can really niche down and earn a living from your passion.You can create your own subscriber-only communities and discussions just like Facebook Groups.Instead of growing a list of temporary or moderately interested subscribers, you speak directly to people paying to hear from you.Add a custom domain to your substack publication.Business, politics, and culture are very popular topics among Substack readers.With a Substack newsletter, you can focus on what you're best at – creating the content that helped grow your audience in the first place. No need to think of creative ways to monetize your email list with affiliate marketing or products.Substack allows you, as a content creator, to monetize your email list right off the bat with premium content accessible through a paywall.Simplify the process of creating and growing an email subscription newsletter.This is their primary business model with payments processed through an integration with Stripe. I say 500 because Substack charges at least 10% from each of your reader's payments. With this option, content creators with at least 500 paid subscribers or more can make a decent living. You can choose to place certain content behind a paywall, available only to paying email subscribers. This is usually $5 a month but it can be more. This is because Substack lets you create a free or paid newsletter to earn money. Substack is great for those with an existing audience, especially if they're really loyal. If you're a Substack writer, you'll need to find other ways to market yourself off-platform to grow your audience. It only promotes the top posts and newsletters. ![]() It helps recommend your work to readers with similar interests and profiles.Īlternatively, Substack offers limited internal marketing features. Medium's social media style algorithm is a significant feature. It's like a social media platform that allows writers to share articles with the platform's large and loyal audience. Medium is an online publishing platform with a personalized recommendation system. This helps to simplify the email marketing process for content creators to jump in and get started quickly. It provides you with design, publishing, payment, and analytics features built-in. Substack is largely an all-in-one subscription email newsletter platform.
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