Trigs on Warpcast

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fournier 🎩🔵🦄 pfp

fournier 🎩🔵🦄

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)

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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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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I also think, however, that charging for reading is a tough sell. I think it's likely to push ppl to be very picky about what they read. Could reduce reach. Monetizing writing in other ways seems like a more inclusive path, but it puts a lot of extra burden on writers. Been talking with more ppl about "club goods" for writers. Building up networks that have resources available to help fund writers. This opens the door to more philanthropic support without the direct weight of charging per reader. Imagine if @paragraph had a fund that ppl could donate to that paid out rewards to writers, much like Warpcast rewards is working? And there could be different funds if ppl wanted to donate to writers in a specific category. Then it would serve as a signal for where the greatest demand is for writers!

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fournier 🎩🔵🦄 pfp

fournier 🎩🔵🦄

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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