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I don't know Substack, but I checked out a couple of blogs prompted by your question. I read their "how to get paid on Substack" article and they work up some
by uberman 6y ago
I don't know Substack, but I checked out a couple of blogs prompted by your question.
I read their "how to get paid on Substack" article and they work up some revenue projections/examples based on things like a conversion of email subscribers to paid monthly subscribers of 10%. That seems really really high.
I would have estimated an email campaign open rate of 10% not a conversion rate of 10%. I would have expected a conversion rate in the 1% range or less.
In my experience, people in general don't really want to or expect to pay for information on-line. They will pay to be "entertained" through for example Patreon, but not for information and particularly not text based information.
I hope you find success but I would be cautious about using some of Substack's estimates. Hopefully I am wrong.
For what it is worth, your NewsCatcher project looks interesting. Is your intent to use this new blog as a practical example of using it?
- artembugara 6y agoThx for reply. Regarding NewsCatcherAPI, I plan to do some examples that I will post on our website (newscatcherapi.com). Some big works will be also posted on my sub stack, yes.