Thanks! This was obviously an incredible and profitable journey! "I’ve been writing online since 2018." Has this only been about helping to improve other writers? I'm finding the niches for using the various writing platforms work extremely well and are popular.
No, I’ve written exclusively about personal growth for almost five years before I published a single piece of writing advice.
There is a huge misjudgment when thinking that writing about writing is profitable, because if you don't have the credentials or the results to show, why would anyone care about your advice regarding a platform or a strategy? When there is so much competition full of people who have a decade of experience in the same field?
The truth is that you really need to enjoy the creation process, and that's only possible if you have a deep passion or knowledge about the field. It's not going to work by picking a niche just because you think it's profitable. :)
I agree with you 💯. I think I may have over subscribed to those who do write about success on whatever platform so my feed is full with posts that are about how-to's about being profitable on whatever given platform. So my perception is skewed that the only way to make money is to talk about "writing about writing".
Personally, I prefer reading about tech on the various boards I'm subscribed to. That's for the fun of it.
The 8% paid subs figure is properly eye-opening. Everyone assumes the subscription is the business, but you've shown it's just the front door. I ran the numbers on what 1,000 subscribers at $8/month actually nets after fees. Roughly $83K a year. Wrote up the full economics here: https://sulat.com/p/substack-millions
so helpful for someone just learning all of this! thanks for the transparency. Are advertising or brand deals something you also participate in? Is that usually a meaningful part of revenue?
Thanks! This was obviously an incredible and profitable journey! "I’ve been writing online since 2018." Has this only been about helping to improve other writers? I'm finding the niches for using the various writing platforms work extremely well and are popular.
Hi there! :)
No, I’ve written exclusively about personal growth for almost five years before I published a single piece of writing advice.
There is a huge misjudgment when thinking that writing about writing is profitable, because if you don't have the credentials or the results to show, why would anyone care about your advice regarding a platform or a strategy? When there is so much competition full of people who have a decade of experience in the same field?
The truth is that you really need to enjoy the creation process, and that's only possible if you have a deep passion or knowledge about the field. It's not going to work by picking a niche just because you think it's profitable. :)
I agree with you 💯. I think I may have over subscribed to those who do write about success on whatever platform so my feed is full with posts that are about how-to's about being profitable on whatever given platform. So my perception is skewed that the only way to make money is to talk about "writing about writing".
Personally, I prefer reading about tech on the various boards I'm subscribed to. That's for the fun of it.
The 8% paid subs figure is properly eye-opening. Everyone assumes the subscription is the business, but you've shown it's just the front door. I ran the numbers on what 1,000 subscribers at $8/month actually nets after fees. Roughly $83K a year. Wrote up the full economics here: https://sulat.com/p/substack-millions
Randomly stumbled upon your videos on youtube. Got me to start my substack journey
so helpful for someone just learning all of this! thanks for the transparency. Are advertising or brand deals something you also participate in? Is that usually a meaningful part of revenue?
how lucky you are
You clearly didn't read a single line of the piece, but yeah - very lucky 😅
The best part is like you said... Being able to enjoy the creation process.
luck helps a little, but the whole piece is about strategy and intentional steps, you’re lucky to have the opportunity to do this