For example, a steady base of 1,000 subscribers paying $5 each month will earn you $60,000 per year from Substack—before fees and taxes, of course (more on those in a second).
One may also ask, should I make a Substack?
TLDR: For most of you, no, starting a Substack is not the best way to build a financially sustainable long-term writing project. You should definitely build an email list, but you should do it with a free newsletter you run alongside a website/blog that you own.
- Choose a niche. Many of the top newsletters on Substack focus on a specific topic, like China, climate change or productivity. …
- Set up your newsletter. …
- Start writing! …
- Proofread your work. …
- Remember what your audience is there for. …
- Stick to a schedule. …
- Spread the word.
Thereof, how much do newsletter writers make?
Newsletter writers charge $82 per hour or $2 per word on average. Web page writers charge $83 per hour or $0.86 per word on average. Whitepaper writers charge an average of $107 per hour. Magazine ghostwriters charge $100 per hour or $1.08 per word on average.
How do I get Substack subscribers?
One of the best things you can do to get more Substack subscribers is to leverage someone else’s audience. Especially if you’re just getting started. In essence, this means cross-promoting your newsletter with someone else’s newsletter, blog, etc. in the same or similar niche that you’re in.
How many users are on Substack?
Advertising to users plays no role in revenue generation. In February 2019, the platform began allowing creators to monetize podcasts. Substack reported 11,000 paid subscribers as of 2018, rising to 50,000 in 2019. In August 2020, Substack reported that over 100,000 users were paying for at least one newsletter.
What should I write in Substack?
You can write articles on Substack with an address look like yourname.substack.com, a reader who wants to subscribe to your newsletter can do that for free. A free newsletter also means that you could write on Substack for free and can monetize your Substack email newsletter through other means.
Can you be anonymous on Substack?
Being anonymous on different writing platforms:
Sites like Medium, Substack, and Vocal could give you the opportunity to start writing under a pen name. … There are a lot of writers on Medium who are writing anonymously on all these platforms.
What are alternatives to Substack?
Below are 10
- Buttondown. Buttondown bills itself as the “easiest way to run your newsletter.” …
- TinyLetter. TinyLetter is a personal newsletter service brought to you by the people behind Mailchimp. …
- Revue. …
- MailerLite. …
- HubSpot. …
- Gumroad. …
- Patreon. …
- Mailchimp.
Is Substack better than medium?
Comparison between Medium Vs Substack
Substack makes money when a writer gets a paid member, while Medium is a site where writers get paid based on Medium member read time. Even though Medium also has a newsletter system but Substack is highly optimized for capturing emails from your readers.
Can you use Substack for free?
Writers can use it for free to share their work with readers. If you decide to launch a paid newsletter, Substack charges a 10% commission on paid subscribers.
How much should I charge for a 500 word article?
The industry standard for a 500 word article is around $50. You may find rates that are more or less, but for a native speaking writer in the desired language, expect to earn at least . 10 per word.
How much should I charge for a 1000 word article?
Here is a a concrete example: As an intermediate blogger charging $. 08 per word, you would get $80 for a 1,000 word article. If you outline, write, and edit it in two hours or less (which is quite reasonable!), this means you’ll earn at least $40 per hour. Not too shabby!
How much should I charge for a 1000 word essay?
Typical writers just starting out charge between $25 to $30 for a 1000 word article. All of this depends on your skill level, how long you’ve been writing, what you offer as a writer. There are plenty of advantages and things to consider as you start your freelancing career.