Comment by freddie_mercury a day ago
I agree. Substack feels more like Op Ed writers realised they could make more money by self publishing than by staying at a dying media company with multiple levels of editorial oversight.
To do well on Substack you need to publish pretty regularly, several times a week to keep and build an audience, and the only thing anyone can generate that fast are opinions. So Substack has really just become a decentralised Op Ed page.
The minimum price is enforced by Substack, unfortunately. You can make everything free but you can't charge, say, $1/month. It definitely pushes the platform toward writers who think "I want to make this my full-time job & income". It also definitely suffers from, to a lesser extent, the Medium problem of way too many people thinking it is some kind of get-rich-quick thing. Somehow the Reddit algorithm started showing me the substack reddit, which seemed to mostly be pretty new authors complaining that they aren't making much money from Substack.
That explains a lot. Thank you! What a weird business decision on their part. I would guess the minimum has something to with payment processing overhead, but Patreon handles 1-2$ monthly payments no problem and always has. Strange.
Decentralized and expensive. Maybe I’m looking at the wrong blogs but my impression so far is that a lot of subscriptions are around 5-10$ monthly for a single creator. I can get a ton of newspapers (ok not papers, websites) magazines etc for that price or better, and those have way more than one contributor. The video platform Nebula for example has 175 creators for 6$/month.
It does seem to work for a lot of people, though. Good for them.