You can learn how to use Substack to get paid for writing.Substack is a platform that allows anyone to create a newsletter and have an audience.If you have an audience that is excited about your writing, you can offer them an upgraded subscription that gives them access to exclusive content.Once you've decided how much you want to charge, it's easy to enable paid content, set up your account with Stripe, and start making money.
Step 1: Get started with a free newsletter.
Would you like to make money on Substack?You need an audience that is willing to pay for your content to get started.Offer your awesome content for free if you haven't already developed your audience.Before you charge for your writing, use Substack's newsletter tools to develop your newsletter and draw in new readers.If nobody knows how brilliant your words are, they won't know what they'll be missing once you're charging for your work.
Step 2: The community of subscribers should be built.
Before you switch to a paid model, focus on your free subscribers.They will continue to check out your content if you give them the content they crave.The more people look forward to your newsletter, the more likely they are to pay for exclusive access.Users can participate in a conversation about the topics in your newsletter if you create discussion threads in Substack.Make your subscribers feel part of a larger community.It's possible to come up with a shared name and a # that subscribers can reference on social media.
Step 3: Do you want to offer paying subscribers anything?
Although your goal is to make money, you will want to keep some content free.People will subscribe to your free content first and then decide if they want to pay for a membership based on how much they enjoy it.In order to come up with a paid membership plan, you need to decide what type of content you'll share for free and what you reserve for paid subscribers.There are a few ideas about offering a combination of free and paid posts.You can write one paid post per week and one free post a month.Writing free preview versions of your paid posts is a way to get people to subscribe.You can only reserve certain topics for paid subscribers.exclusive discussion threads that are only accessible to those who pay can be created if you don't want to keep all of your posts on a particular subject.Offer exclusive bonus material to those who pay for a subscription, such as early access to your latest projects, and even physical items you can send in the mail.
Step 4: Evaluate your metrics.
Once your newsletter is up and running, you'll want to keep an eye on your data.You're likely to get paid subscribers if you have more people reading and engaging with your newsletter.Click the tab to see statistics about each individual post after logging in to Substack.How many people have signed up for a subscription and how many have paid for it, as well as the total number of times the post was opened.Detailed information about traffic and usage can be found in the tab.The section called Traffic tells you how new people are finding your website, as well as whether they sign up for a subscription or not.The statistics for your mailings can be found under the "Stats" tab.Here's where you can find out how many people have opened each newsletter, signed up or subscribed, in a sortable format.If you have a paid element to your newsletter, you will be able to monitor the tab, which breaks down your subscribers into categories based on how they found your content.
Step 5: Decide what to charge.
It's time to figure out what your content is worth once you know your audience is willing to pay for it.Substack allows you to set your monthly subscription fee as low as $5/month, and you can also make your yearly fee low.Are you writing for people who have a higher level of income?You can get away with paying more.If your audience is more grassroots and casual, you don't want to lose followers because they cannot afford what you offer.You can enter your number of subscribers and desired subscription rate to see what you could make with the payment estimator.Substack keeps 10% of the revenue you bring in.The payment processor, Stripe, takes 2.9% of your billing rate, plus an additional 30 cents per transaction.
Step 6: Go to your dashboard.
The button at the top-right corner of Substack is where you can get there.
Step 7: Go to the settings tab.
The dashboard has it in the upper-right corner.
Step 8: Click connect with stripe if you scroll down.
Under "Set up paid subscriptions" is where you'll see this.
Step 9: You will need to create a Stripe account.
Follow the on-screen instructions if you enter your email address.When people pay to subscribe to your newsletter, they'll use Stripe, which makes it quick and easy to do.All of your hard work will be paid for by Stripe.If you signed in with the same email address you used for your other account, you will have the option to change it after signing in.When you sign up, you'll be asked to enter your bank account information.You'll return to the settings page once you've set up your stripe account.
Step 10: Next to "Enable payments" is a box.
It's on the settings page.
Step 11: You can enter your monthly and yearly subscription amounts.
You can offer a yearly subscription at a rate that's paid all at once, or you can set one rate for people who subscribe month-to-month.Offer a discount from the monthly rate if you want to encourage people to subscribe for a year.If you play to charge $5 a month for a subscription, don't make the yearly subscription rate $60, as that will not give yearly subscribers incentive to pay all at once.If you set the yearly rate to $50, subscribers will know they are getting a discount.If you offer a 20% off discount for new subscribers, you may want to set your price higher.Substack encourages you to add a "Founding Member" tier, which would allow your most loyal readers to pay more than the regular subscription price to show their appreciation.
Step 12: You can enter your subscription benefits.
The boxes under "Paid subscription benefits" can be edited to show what makes your tier worthwhile.You can enter those benefits into the labeled box if you set up a Found Member tier.In the "Free signup benefits" box, tell me what aspects of your newsletters will remain free now that you have a paid tier.
Step 13: Special offers can be created.
Special offers are a great way to get people to subscribe.You can set up offers in your free newsletter by clicking next to "Special offers".You can set up a new offer.You can enter a name and description.You can either give a discount or offer a free trial.Pick the percentage if you are giving a discount.If you are giving a discount or free trial, choose how long you want the offer to remain active.Limit the offer to people from educational institutions, with certain email addresses, or for annual plans only, if you use the checkboxes below.Once you're done, be sure to let your subscribers know what's in store.
Step 14: You can open your dashboard.
Everything is going according to plan with your paid subscribers.How do you make a living?You can easily control when your payments are deposited into your bank account.Go tostripe.com in any web browser, sign in with your account, and click the link at the top-right corner to open your dashboard
Step 15: Go to the settings tab.
You can see it in the left panel of your dashboard.
Step 16: Click the bank accounts you want to schedule.
It's located in the "Your business" section of the main panel.
Step 17: Do you know your banking information?
You gave a bank account to which you want to receive payments when you signed up for Stripe.You wouldn't want the wrong person to get paid if you entered the correct information.
Step 18: Pick a schedule.
You can choose to be paid automatically by Stripe on the schedule of your choosing.Depending on your needs, you can be paid every day, once a week, or once per month.Pick to allow your payments to accumulate in Stripe until you manually transfer them to your bank account.
Step 19: If you want to save your settings, click Save.
If you have set up automatic payments, you don't have to do anything but watch your bank account grow.If you choose manual payments, you can log into your dashboard, click in the upper- left corner, and select the amount you want to transfer to your account.It's easy!In the United States, Stripe does not have a minimum amount.