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fournier 🎩🔵🦄 pfp
fournier 🎩🔵🦄
@foreign
any writers with grievances on how to better monetize your craft on here? I have a few ideas curious to hear what others think
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ted (not lasso)
@ted
cc @wanderloots.eth @markfishman @rileybeans who all have a good POV here also cc @reidtandy from Paragraph who thinks about this for a living
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Callum Wanderloots ✨
@wanderloots.eth
Yes! Many thoughts. Also will tag @danicaswanson and @trigs But in general, we need a better way to accrue value to high intensity work. Eg, a newsletter might take me 20 hours to research and 10-20 hours to write. Having a collect button for a few cents, only to have the post lost in the chaos steam, is not the way. We also need a way for referential rewards. Eg, someone quotes someone else, value should flow back to the original creator. I’ve also heard people suggest pay as you read. Eg maybe it costs $5 to read the whole article, but the payments happen in micro, paragraph by paragraph, automatically. Lots of options, but the key is to compensate the deep thinkers, who currently have to rely on subscription models (which are difficult to manage and time consuming)
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Trigs
@trigs
Monetizing writing is hard! Great ideas in here so far. I really like t2.world's ideas about rewarding attention time. The pay-as-you-read model is interesting. Just riffing on the idea: - fixed fee. Pay daily, weekly, or monthly. - sliding scale. Pay what you can afford. 0 is an option, maybe? With limitations? Maybe ads that "sponsor" the free tier readers? - like t2, time spent reading is tracked so you have data around how much each user has valued different writers. - each pay interval people's collected fees are distributed based on how their reading was distributed among different writers.
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fournier 🎩🔵🦄 pfp
fournier 🎩🔵🦄
@foreign
the fixed fee model has worked for me on substack. the momentum of consistently getting paid subscribers can be a challenge though. i know a handful of writers it works really well for. pay what you can afford works too. maybe based on the time spent a donation is recommended? ads are always great all good ideas
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