What is Patreon
Patreon is an American membership platform that provides business tools for content creators to run a subscription service. It helps creators and artists earn a monthly income by providing rewards and perks to their subscribers. Patreon was created by musician and YouTuber Jack Conte, along with Sam Yam, in 2013. It is a membership website that allows creators to monetize their work and earn directly from their fans. These fans (patrons) pay a monthly subscription fee to gain access to a variety of content, whether it is extended viewership, exclusive creations, private privileges, and other perks. Patreon members can use a variety of tools to optimize and monetize their content.
The Game is Afoot!
Content providers, authors, and single operated newsletter managers are seeing the light at the end of the tunnel. (Nope, it’s not a freight train!)
It is the opportunity for ‘regular folks’ to take control back from the big media behemoths and chart their own destinies.
Patreon takes back 5–12% of all revenue while Substack takes 10%, in addition to fees. Patreon’s pricing structure is a tiered system, depending on the member’s needs. New members have the option of choosing a Patreon Lite service where they are charged 5% on revenues earned. This basic plan leaves out some key features, such as backing tiers. Patreon Pro, the next plan up, allows members to enjoy all the main features of the platform, with Patreon taking 8% of revenues earned. Finally, there is also Patreon premium that provides personalized support and sees Patreon taking 12% of revenues earned.
Who are the Top 3 Patreon Creators?
Chapo Trap House – 21,400 Patrons, earning $95,000 per month.
Chapo Trap House is a political comedy podcast. The podcast, which started back in March 2016 is hosted by Will Menaker, Matt Christman, Felix Biederman, Ambe A’Lee Frost, and Virgil Texas. The show approaches most topics with an extreme left-wing POV, something they call the “Dirtbag Left”. The show itself will entertain, even if you don’t align politically. But, many inside jokes make it hard to appreciate some of the humor. Each week they release an episode to the public, and Patron’s get an exclusive episode. They only have one support tier for $5.
Dr. Peterson is a YouTuber creating psychology lectures. He’s been a psychology professor at McGill, Harvard, and currently U of T, for over 30 years. He has recently gained widespread notoriety for his assumed right-wing commentary. This stemmed from his critique of political correctness. Despite fervent opposition from the left, his ‘calm under pressure’ pedigree has only grown his following and his appeal. He currently has 7 reward tiers ranging from $5 to $200 per month. Perks range from access to a live Q&A to digital books and digital courses.
Amanda Palmer – 11,200 Patrons, earning $55,000 per month.
Amanda Palmer is an artist and musician. She’s the current lead singer for The Dresden Dolls. She’s become a cultural icon. Not only does she create music, but she blogs and creates videos as well. She is currently restructuring her support tiers to range from $1 to $1000. Lower tiers get access to downloads, webchats, pre-sales, and more. Higher tiers get IRL mail, postcards, guest lists at shows, and signed swag.
What is PaidLetter.Com?
Paidletter.Com shows you how to run a single operated newsletter, generate a list without using social media and control the platform, the content, and get paid directly!
Why is a Single Operated Newsletter the new way to create financial freedom online?
1 – You can create a subscription base without becoming a social media influencer. (With complete privacy)
2 – You can control the platform something you can not do with YouTube, Facebook, and yes, even Instagram.
3 – You can get paid directly for the content provided to your readers. This eliminates the possibility of getting knocked off the big platforms.
Many people, often older, are still having trouble believing and accepting that a person of average intelligence can generate a salary on their own through a Single Operated Newsletter.
This is where PaidLetter comes in with their CENTS model.
What is the CENTS model?
Popularized by MJ DeMarco, writer of “The Millionaire Fastlane,” the C.E.N.T.S. approach to entrepreneurship means:
C – Control – to create true financial freedom you must control the “product”.
E – Entry – or more properly put: “create a barrier to entry”. This is sometimes called a moat!
N – Need – You must create the content that your readers will eagerly pay to access.
T – Time – As Tim Ferriss so aptly described in The 4-Hour Workweek you must find a muse that will allow you to separate your time from your income (again, where PaidLetter.Com is invaluable).
S – Scale – Many physical product entrepreneurs are learning hard lessons about the complexity of importing, warehousing, and shipping. And the high costs associated with them.
Understanding the Power of Transformation!
One of the biggest leverage points is learning how to offer your reader a transformation. This is how you attract a large list of subscribers willing to pay significant amounts of money.
But even on the lower end using our proprietary process you can discover how to leverage a modest monthly subscription fee.
Your subscribers can grow to thousands or tens of thousands. And your paidletter programs can deliver wonderful revenue. Even one-thousand subscribers at $10/month will kick you into the 6-figure income bracket!
Get your Free week of the single operated newsletter that our clients pay to read.