Writers Moving from Medium to Substack: You Need to Read This…
Writers Moving from Medium to Substack: You Need to Read This…
If you want to make money on Substack, your writing is not enough.
Non-members can read here for free.
Substack is not like Medium.
A lot of writers are moving to Substack with the idea to just start paywalling their most valuable stories.
Hoping it’s enough.
It isn’t.
Why?
Because on Medium you take care only of your writing, while Medium takes care of:
Building the subscription service
Promotion and selling of paid subscriptions
Make sure existing subscribers keep paying
On Substack?
It’s you!
You have to take care of all the following five elements:
Writing
Selling
Building a paid product or service
Marketing and promotions
Retaining paid subscribers
You define your price. You win subscribers, not followers. You reach them all, no algorithm in the middle. You can write about everything, no censure.
It’s a great freedom, but also a great responsibility.
The responsibility to take care of your financial success on the platform.
If you want to make money on Substack, writing is not enough.
Thanks for reading!
Yana
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