For those who don’t know “Patreon is a crowdfunding membership platform based in the United States that provides business tools for creators to run a subscription content service, with ways for artists to build relationships and provide exclusive experiences to their subscribers, or “patrons” -Wikipedia.
In normal words, it’s like Netflix, you pay some money to your favorite content creators and in returns then will give some extra content that is only available for patrons.
So if you are content creators and if you have a good amount of audience who trusts you then you should create a Patreon right now because it will give you money and time to interact with your audience. By the way, it’s totally free to create a Patreon account, you don’t need to pay a single penny to anyone but of course, when someone signs up for membership then Patreon will get some commission exactly how YouTube is doing.
Now back to the question “Why Patreon is must-have for entrepreneurs?”
So you’re earning money from YouTube, Instagram, Facebook, Website, Affiliate Marketing, now what if I tell you one other way to earn money while doing nothing, sounds great. What you need to do, you just need to upload all the videos, images which you already are doing on Instagram and YouTube, so just reupload on your Patreon page.
Apart from those regular content, provide some exclusive content to your patrons, it could be a weekly live chat, monthly giveaways, meetups, give your mobile number. You can also do more than that, it depends on what you want to provide to your members.
Let’s do money math,
Suppose you have created three plans to join the membership, one starts at $4, second $7 and third starts from $10.
You have around 10000 subscribers on your YouTube channel, from there you gain about 30 members and from other social media platforms around 9.
Let assume most of the member opt for a starter membership plan,
39*9 = $159 (approx ₹11,391).
Keep in mind, I have written a very lower number because if you have 10000 subscribers and if those 10000 trusts you then out of 10000 you may get around 1k to 5k members.
Now I hope you understand the power of the Patreon membership program, so if you still, don’t have Patreon account then create right now because there is nothing wrong to make 159 dollars every month.
Now I don’t have anything to talk but still, if you have any questions then do let me know in the comment section.