51–60 of 145 posts
Oh god, now they're trapped in the endless useless growth demand cycle. Too bad, I enjoy supporting a few artists on there and it's just a matter of time until this hurts them.
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They have a fee of 5%. Let's assume they have a price/earnings ratio of 20, that means they expect people to spend something like $450m/year on Patreon. According to Wikipedia they are at around $150m/year already. I think it is totally feasible that they could increase that to $450m/year and not have to increase their 5% fee. Seems like a reasonable valuation to me.
It is 5% on top of payment processing, and averages around 10% for content publishers. I keep telling people just to use a PayPal Donate button. Unless you're in the top 1% of people on Patreon, you would do better just ensuring that more of the donations that exist ends up in your pocket. If Patreon isn't delivering more donors than your content and self-marketing can attract... you are losing out.
Patreon is fighting the good fight so far, especially with YT promoting more disposable content with every passing day
Well, YouTube seems to be punishing any mildly controversial topic, so the positive side is that Nazis and other crazy people can't use it as a viable platform, but on the flip side you can't really talk about anything really serious without getting your ad revenue cut.
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Seriously, I enjoy having my comics supported by my fans there and I'm not looking forwards to them having to Make A Profit.
They should help you make a profit, but not make one themselves?
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They should help you make a profit, but not make one themselves?
They should make a profit. What we don't want is to spoil the nice service with desperate attempts to earn enough profit to satisfy investors.
They probably have the biggest platform for paying creatives, I wonder when they'll ditch YouTube to get more control over their user base and increase their 5% margin.
I fail to see any advantage in ditching YouTube? On private videos for Patreon subscribers Youtube supplies free video hosting with a decent and familiar experience for the content creator. For public videos (or videos that become public after a delay), Youtube offers free hosting and lots of discoverability. In both cases I only see Patreon having additional cost with little to no upside by ditching Youtube (especia…
Private video hosting for supporters that isn't rigged to youtube settings is something that could actually be a boon. Just because youtube is easier doesn't mean delivering on a non-youtube service couldn't help delivering the rewards.
I can see how they can upsell a lot of other services though around delivering rewards. If I have 10000 people who need stickers for that 5$ support level is it worth the time to hand-stuff all those envelopes? Or is it worth an extra 20c a letter to have someone else stuff it for you?
The more I think about it the more I think that they can actually provide legitimate services in the same frames as vistaprint, teespring and others for these physical deliverables and just providing that fulfillment. Videos that I can schedule to release on patreon might just be worth it to some people.
Oh god, now they're trapped in the endless useless growth demand cycle. Too bad, I enjoy supporting a few artists on there and it's just a matter of time until this hurts them.
They probably have the biggest platform for paying creatives, I wonder when they'll ditch YouTube to get more control over their user base and increase their 5% margin.
That means they're going to expect a lot of revenue. Which they plan to take on money that people give freely. I don't see that ending well.