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How to compete with Patreon

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Re: How to compete with Patreon

#171

Post by kmeisthax »

hbarka wrote: post #166
kmeisthax wrote: post #157

There's one root cause for most, if not all of the things mentioned about Patreon in this post: Jack Conte took VC money. Neophilia is a progressive and incurable disease of venture capital. VCs aren't looking to build sustainable, profitable businesses. They are looking to buy entire market segments for later enshittification. Your job as a founder of a company asking for VC money is to construct a parallel state ar…

I wonder when Varoufakis’ introduction of the word technofeudalist got into the techie vernacular.

For me it was a few weeks ago when Cory Doctorow posted a review of Varoufakis' book.

Re: How to compete with Patreon

#172

Post by ramesh31 »

Patreon (and all its competitors) at its core is a payments company. You don't compete with them by building a better front end product. You compete with them by building a more efficient payments engine with a higher margin, not tied to any third parties beyond a bank directly.

Re: How to compete with Patreon

#173

Post by pbjtime »

culi wrote: post #156
mannyv wrote: post #148

There's a lot of talk about tipping, consumers, etc. Being a Patron (which is what Patreon was trying to do) traditionally meant supporting someone, no matter what their output. If your tortured genius put out one work a year, so be it. If they popped out Sunflowers then even better! There doesn't have to be any quid pro quo at all. It's what we now call Basic Income financed by someone's surplus. Don't overthink it.…

If it's a gift, does that mean it goes towards your yearly gift tax limit?

You can always give it a shot. Doubt they're going to audit your gifts unless they're in the multiple thousands and even so you have a logical case.

Re: How to compete with Patreon

#174

Post by xxs »

sentimentscan wrote: post #167
sebzim4500 wrote: post #155

Earlier quoted context omitted.

Almost all succesful creators on Patreon give you benefits for subscribing (early access to content, behind the scenes, etc.), so I don't see how you could possibly convince the IRS that it's a gift.

At EU there is a tax issue so you pay money + 23% VAT. It isn't consider a gift as you a gaining something (access to page) so you need to pay tax on that. This is one thing that bothers me with patronite and other platforms. I wish I could simply send a gift (without acces to anything) and not to pay another tax on already taxed money.

VAT rate is EU state based (varies 16-25%), the VAT has to applied to the one's 'donating' the money state of residence, as long as there is more than 10k euro/year revenue.

Many EU states tax tips as well (all the way -> VAT/corporate/income/social tax)

Re: How to compete with Patreon

#175

Post by noirbot »

mannyv wrote: post #148

There's a lot of talk about tipping, consumers, etc. Being a Patron (which is what Patreon was trying to do) traditionally meant supporting someone, no matter what their output. If your tortured genius put out one work a year, so be it. If they popped out Sunflowers then even better! There doesn't have to be any quid pro quo at all. It's what we now call Basic Income financed by someone's surplus. Don't overthink it.…

Is this historically accurate? Most of my renaissance art history class memories involve artists kinda getting controlled by their patrons a lot of the time. Plus, the patron usually got to own/sell/commission works from them. Sure, some of it was at the time, it looked good for you to have artists in your keep, but it wasn't some sort of no-strings-attached benevolence, and the situation they put out no work for extended periods and still stayed on with their patron feels more like survivorship bias. How many middling royals were going through patronizing artists who didn't become a big deal and then dropping them?

Re: How to compete with Patreon

#176

Post by ajkjk »

hbarka wrote: post #166
kmeisthax wrote: post #157

There's one root cause for most, if not all of the things mentioned about Patreon in this post: Jack Conte took VC money. Neophilia is a progressive and incurable disease of venture capital. VCs aren't looking to build sustainable, profitable businesses. They are looking to buy entire market segments for later enshittification. Your job as a founder of a company asking for VC money is to construct a parallel state ar…

I wonder when Varoufakis’ introduction of the word technofeudalist got into the techie vernacular.

Personally I read about the book and immediately thought, "yes, this is one of the words we've been needing", and then started telling friends about it.

Re: How to compete with Patreon

#178

Post by ThrowawayTestr »

mkmk wrote: post #122
ThrowawayTestr wrote: post #107

Earlier quoted context omitted.

If you can find a niche it can work. My friend built his own website to sell his erotic art.

How do smaller creators manage payments in the adult space? I thought it was impossible.

PayPal. All the risque stuff is behind the paywall. Home page of the website gives no indication of what's within.

Re: How to compete with Patreon

#179

Post by Applejinx »

sebzim4500 wrote: post #155
mannyv wrote: post #148

There's a lot of talk about tipping, consumers, etc. Being a Patron (which is what Patreon was trying to do) traditionally meant supporting someone, no matter what their output. If your tortured genius put out one work a year, so be it. If they popped out Sunflowers then even better! There doesn't have to be any quid pro quo at all. It's what we now call Basic Income financed by someone's surplus. Don't overthink it.…

Almost all succesful creators on Patreon give you benefits for subscribing (early access to content, behind the scenes, etc.), so I don't see how you could possibly convince the IRS that it's a gift.

I don't, not the slightest amount, and I still don't try to convince the IRS that my sole source of income is 'a gift'. (not counting the pathetically small YouTube revenue)

It doesn't ACT like 'a gift', it acts like a paycheck. If a guy gets paid by a car dealership because he's the owner's kid without having to do anything, the IRS doesn't care whether he has to work for real but it very much cares whether he pays his taxes on his income.

Re: How to compete with Patreon

#180

Post by teekert »

olah_1 wrote: post #149
teekert wrote: post #141

There are BTC lighting payments and the podcasting 2.0 movement to compete with Patreon. Mostly for podcasts and music atm but that will change.

The biggest proof to me that nobody uses Monero is that something as simple as proving payments is like pulling teeth. Yes, you can go into advanced settings and copy a payment proof. But then how do you get it to a retailer? What does the retailer do with it. It's not part of the normal consumer flow use case, and that tells me that people still think of it like a toy and not a serious tool.

Not sure what Monero has to do with it :)

But to your point of not being able to use btc normally, in everyday life. Sure, but it's chicken and egg. If artists start to make some serious satoshis, they will naturally look for a nice place to exchange, it will come.

Meanwhile, I can now listen to a music podcast, stream satoshis back, the satoshis are split between podcaster (DJ) and artist. If I boost (send some extra satoshis) during the playing of a song, it goes to that creator.

This is a nice example of such a podcast: https://podverse.fm/podcast/toxrW9Ju1

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