I’ve been interested in platforms exploring the membership model (where some users pay a fee for extra features but the main product is still free) as an alternative to advertising, but it matters what extra features you offer! Great analysis on what these changes mean for the nature of these platforms.
In regards to the "paid accounts" model, I wonder whether that's a sound marketing strategy since high frequency posters appear to lack critical mass in 2023. Perhaps, It would have made more sense in the 2010s.
STOP - DO NOT INVEST IN SUBSTACK'S BROKEN MODEL!!!
Seriously if they are begging for money and VC bailed it means its a broken model. Think about it, how many regular people are paying per writer $5 to $10 per month? Not enough apparently and the next thing they will introduce is advertising which is 1million times worse. This monetization model is for elites, elite writers and elite readers who can afford to pay to "benefit" from their writing. Its not Twitter but its just as elitist as Twitter and will devolve into the same mess and control mechanism.
Go check out web3. Go check out crypto. Go check out the MVP of my solo hobbiest project "dplatform.me" The next platforms will be web3, crypto, micro-transactions, and governed by decentralized autonomous organizations (DAOs) or no one
Social Media Is Changing, And Paid Accounts Are The Response
I’ve been interested in platforms exploring the membership model (where some users pay a fee for extra features but the main product is still free) as an alternative to advertising, but it matters what extra features you offer! Great analysis on what these changes mean for the nature of these platforms.
In regards to the "paid accounts" model, I wonder whether that's a sound marketing strategy since high frequency posters appear to lack critical mass in 2023. Perhaps, It would have made more sense in the 2010s.
The subscription model helps Twitter and is designed to appeal to craving narcissists.
I am new
Giving Meta a government id for verification is not something that most people would do
STOP - DO NOT INVEST IN SUBSTACK'S BROKEN MODEL!!!
Seriously if they are begging for money and VC bailed it means its a broken model. Think about it, how many regular people are paying per writer $5 to $10 per month? Not enough apparently and the next thing they will introduce is advertising which is 1million times worse. This monetization model is for elites, elite writers and elite readers who can afford to pay to "benefit" from their writing. Its not Twitter but its just as elitist as Twitter and will devolve into the same mess and control mechanism.
Go check out web3. Go check out crypto. Go check out the MVP of my solo hobbiest project "dplatform.me" The next platforms will be web3, crypto, micro-transactions, and governed by decentralized autonomous organizations (DAOs) or no one
The future is decentralized!