Patreon is a service used by influencers and creators as a way to build a fanbase and support network, and earn some income along the way.
The way it works is that the influencers, whether they’re photographers on Instagram, YouTube comedians, podcasters…use Patreon to establish perks and tiers for their fans (patrons).
Examples of the content that Creators can create memberships for are:
- Podcasters
- Video Creators
- Musicians
- Visual Artists
- Writers & Journalists
- Communities
- Gaming Creators
- Nonprofits
- Tutorials and Education
- “Creators-of-all-kinds”
We asked Matt Cromwell from GiveWP, the leading WordPress Donation Plugin, if they’re seeing an increase in interest in GiveWP.
He shared that “We have seen a noticeable bump in traffic to our website over the last week, particularly to our relevant blog articles about fundraising online. Because it is so relevant, we’ve also discounted all our products by 40% to try to make the barrier to entry even smaller for new fundraisers. We hope that it will help people get up and running more quickly.”
Cromwell also gave his insight on how other companies, in general, can leverage subscriptions to grow their business:
“The key to asking for recurring subscriptions is focusing on providing recurring value to your audience…
Focusing on telling your story and getting those stories in front of your audience regularly is the most important thing…
Point your audience there regularly and tell them how their sustaining membership keeps your stories going, and 90% of your fundraising efforts is already underway.”
— Matt Cromwell, COO of GiveWP
In practice, these creators set up subscription payment pages so that fans can buy paid subscriptions to their content.
These subscribers/patrons then get paid access to exclusive content, and their contribution is financial support to the artists they love.
If you have online projects and content that you’re proud of and want to showcase to the world at large, Patreon is an excellent method to try out for business and website monetization.
Keep reading the article at Elementor Blog. The article was originally written by Orlee Gillis on 2020-04-02 10:47:18.
The article was hand-picked and curated for you by the Editorial Team of WP Archives.