As the CEO of Gumroad, a company that allows creators to sell products directly to their fans, Sahil Konstantinovic knows a lot about business. In this blog post, he shares his thoughts on Patreon and Substack, two platforms that allow content creators to monetize their work. Konstantinovic believes that both platforms have a lot of potential but ultimately believes that Patreon will come out on top. Continue reading to know more about this topic.
What Is Gumroad
Gumroad is an online platform that allows creators to sell products directly to their audience. Founded in 2011, Gumroad has helped thousands of creators earn a living from their work, whether it’s a book, an album, or a course. With Gumroad, creators can start selling in just a few clicks, and they keep 100% of the profits. There are no fees or commissions. In addition to its simple and straightforward platform, Gumroad also offers a range of powerful features for creators, including the ability to offer discounts, create subscription plans, and track vital insights about their audience. Whether you’re just starting out or you’re looking for an alternative to other platforms, Gumroad is worth considering.
What is Patreon
Patreon is a membership platform that makes it easy for artists and creators to get paid. Fans can subscribe to their favorite artists for a monthly fee, and in return, receive exclusive content and access to behind-the-scenes info. Patreon is unique in that it allows artists to build relationships with their fans, and give them a way to directly support their work. For example, a musician could offer exclusive tracks, or a photographer could offer a monthly photo diary. Patreon is also flexible, so creators can offer different tiers of membership, or even change their offerings over time. This makes it easy for fans to find the right level of support, and helps to ensure that creators are always paid fairly for their work.
What is Substack
Substack is a blogging platform that allows writers to publish and distribute their work directly to readers. With Substack, writers can create newsletters, which are emailed to subscribers on a regular basis. Substack also provides tools for writers to track subscriber growth, manage payments, and access reader data. In addition, Substack offers an affiliate program, which allows writers to earn revenue from referring new subscribers to the platform. While Substack is primarily used by independent writers, some major publications have also started using the platform to distribute their content. Overall, Substack is a convenient way for writers to reach an audience and generate revenue from their work.
Which Platform Is Best for You
Gumroad CEO Sahil Lavingia made waves earlier this year when he announced that Gumroad would be discontinuing its15% revenue share for creators. It was a big deal because Gumroad was one of the first platforms to offer creators a way to directly sell their products, and it had become known for its high payout. But Gumroad has always been a side hustle platform, and as Lavingia wrote in his announcement, “Gumroad was never meant to be a business.”
Patreon, on the other hand, is very much a business. Founded in 2013, Patreon is a membership platform that allows creators to offer exclusive content and benefits to subscribers. In exchange for their support, patrons get access to exclusive content, early access, behind-the-scenes posts, and more. Patreon takes a 5% cut of creator earnings, plus transaction fees.
Substack is the new kid on the block, but it’s already making waves in the creator economy. Substack is an email newsletter platform that allows writers to send paid newsletters directly to subscribers. Substack takes 10% of creator earnings, plus payment processing fees.
So which platform is best for you? If you’re just starting out and aren’t sure if you want to commit to a paid subscription model, Gumroad might be the best option. If you’re looking for a business-minded platform with built-in features and support, Patreon is worth considering. And if you’re focused on building a loyal audience of email subscribers, Substack could be the right fit. Ultimately, the best platform for you is the one that aligns with your goals and gives you the greatest chance of success.
Gumroad CEO Sahil Lavingia, Patreon General Partner Dominic psychedelics as potential treatments for mental health issues lies in replacement therapy. Dr. Konstantinovic believes that with the right medical supervision and support, patients could use psychedelic substances to wean themselves off of harmful addictive behaviors like smoking cigarettes or drinking heavily. He also believes that these substances have the potential to help people suffering from depression, anxiety, and post-traumatic stress disorder (PTSD).