I wonder if we’re in a newsletter bubble
There’s something off about the unit economics
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The cheapest substack rate is $5/mo or $50/y. New Yorker is $90 a year. So you’re paying more for 2 writers than a full magazine.
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Mental model is wrong. Substack subscription is like a Twitch subscription. $5/mo is to become a patron and feel like a supporter, not for content. Content is free, signaling belonging is paid.
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Well you can discount annual and I have mine at 50, but yeah, still
Somethings not adding up
Why are people paying so much? How long will they continue? Where is the spending being cut? Who the hell are these rich people?
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Ppl pay $5-$20 a month to Patreons for podcasts them even though NPR is free
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In a way, this has already been happening with online courses where people pay a premium to get an online course from a best-selling author while Linda and others offer a whole bundle for much less.
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Those are some strong feelings there
You’re like a 1-person cult 🤔
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