As a result of the pandemic, existing revenue streams temporarily ceased to exist for creators in various industries. Because of this, their income has become unstable, resulting in a stressful situation for many. Besides, most of these creators aren’t even able to reach their fans as well as before. So, as inventive as we humans are in uncertain times, we look for an alternative and a more steady source of income. Many creators have found the alternative and created a new revenue stream for their business with selling content to their fans.
At last, a steady income for content creators
Selling content for a one-time payment or as part of a subscription is a great way to add to your income as a content creator these days. But oftentimes, people tend to go with the platform that has already proven to be successful for other businesses. Hence, Patreon is the biggest platform for selling content today.
Some creators are making tens of thousands, or even millions with this! So, the platform you choose to use should be thoroughly considered and compared to alternatives. But many don't, and create a Patreon profile without thinking about the long term effects.
Just like that, you say goodbye to 12-20% of all the income you will generate from your new revenue stream. How often have you made such unthoughtful decisions about a big part of your income? I can tell you right now that it isn't a smart move.
You probably didn’t have the time to research
And that's okay, the fact that you're reading this is good enough for us because we did the research for you.
There are a lot of content creators out there who use Patreon solely because a lot of other well-known content creators in their industry are using these platforms. You see them making big bucks on these platforms, so you figure this could work for you too. And you’re right, it could.
But if you are planning to generate a big chunk of your income on these platforms, you must consider the commission rates charged on everything you earn.
Patreon, for instance, offers various plans to creators who are serious about earning a steady income on their platform. Their commissions for those creators range from 8-12%. Besides that, they are also charging you transaction costs up to $0.30. For a $1 transaction from one of your fans, that’s a staggering 30% of your hard-earned income.
Your content has value and your fans are paying you for it.
So, take control of your income and make sure you can keep most of that. Especially if you are looking to grow that revenue.
Another example of such a platform that charges unnecessary costly commissions for your hard-earned subscriptions is OnlyFans. They take a staggering 20% of your income from subscriptions. If you earn $100,000 there, you simply hand over $20,000 to them! And for what? For YOUR hard work. It’s time to take control of your own income.
Your income matters
Well, not to Patreon, because they are happily taking a big percentage of it. But it should matter to you. And even though Patreon seems to be helping you generate that income, what is it really that they do? Is it really anything they could charge you up to 20% for?
No!
They’re just in the middle, profiting from content creators like you and your fans. You’re putting your heart and soul into creating the best possible content for your fanbase. You’re making sure your fans even go to your Patreon page in the first place.
Imagine you can generate $10,000 in a month from your efforts on Patreon.
That’s an amazing result for your hard work...
Until you hand over $2000 of that for commissions and are left with only $8000 in revenue.
It’s greedy and more importantly very unnecessary.
They’re taking from your hard-earned income and that should matter to you. So, when deciding what platform you will use for selling your content, consider the commissions. Especially because the more you grow, the more you will hand over to these companies. Patreon isn’t the only platform. There is a great alternative.
You do have a choice in this and it’s a choice that will affect your life for years to come if you’re serious about making revenue from content.
Your income from selling content or subscriptions should be yours to keep
Fangage is similar to Patreon but doesn't have these ridiculously high commissions. Try out Fangage for free and easily sell content to your fans for a one-time payment or as part of a subscription. When you give it a go, directly send your fans a personalized email or text message.
With Fangage you create a website for you that you OWN. 100% of what you build up on Fangage, is yours to keep. When your income is at stake, you should take control into your own hands and choose wisely.
Do your research. Keep your income. Try out Fangage as an alternative for Patreon.
