You may have thought about creating a Patreon account if you are an artist, writer, filmmaker, or even a fan. But how does Patreon work, and is this well-known crowdfunding platform worth it? In this article you will find everything. For creators and customers alike, in this post, I’ll be laying down the basics of how Patreon works.
Patreon is an easy way for artists to earn money from people who appreciate their art. It’s basically like Kickstarter or GoFundMe, but instead of raising money for one big project, Patreon allows creatives to earn ongoing money by getting paid in small amounts every time they release a new piece of content, or whether it be writing, music or even if you only post an original tweet once a day.
In this article, I’ll show you how Patreon works and how it can help your career as an artist. Let’s start!
What is Patreon?
Patreon is a platform where creators get customer donations and rewards in return. Patrons can donate as much as they want. Creators create rewards and pledge levels that award exclusive content in return. This can be anything from behind-the-scenes footage to tutorials to even live streams of the creation process. Patreon makes it easy for creators to receive payments.
Patreon’s site has a database of all the different projects and what each offers in return for pledges. In addition, there is a search function that allows you to find what you are looking for within your niche. And if you’re not sure what to promise? There are suggestions based on how much someone is willing to donate – $1, $5, $10, etc. Depending on how much the person donates will determine how often they get rewards from their chosen creator (example: pledge $1 per month can mean any video update).
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How does Patreon work?
The goal is to make money on the side while making your work. To use Patreon as a creator, create an account and post things like videos, artwork, or literary snippets. Followers of your work can become customers by agreeing to a monthly or one-time payment for each post you produce.
Since Patreon creators are paid for their work, it’s up to them to find their own supporters. To attract customers, creators could choose to advertise their Patreon page on social media or connect with their fans, friends and family. Patreon isn’t really about extending a creator’s reach, but rather to make it easy for an existing fan base to show their love by promising.
Come on, let’s know how does patreon work and what to list on Patreon to earn your income.
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What kind of products can be listed on Patreon?
After you create your account on Patreon, your next step is to list your art, creation, talent, work, and other supported products on Patreon. This is what can be sold on the site.
Go to your Patreon profile and tap After. Below the New post, you can upload anything that is supported by Patreon. You can publish a variety of content to Patreon, such as text messages, photos, videos, and sound files. You can also post live videos. You can also control who sees your messages. For example, members of a certain membership level can only access certain content.
A selection of customizable merchandise can also be sold on Patreon. Design your own stuff and make it attractive. Offer it to your customers as an incentive based on your desired membership levels. What kinds of things are ideal for your members of different skill levels will be suggested by Patreon.
To sell your customizable merch, go to the page editor on your Patreon profile and select your type — posters, shirts, caps, cups, stickers, etc. — from the list below Create new merchandiseafter selecting the merchandise tab.
You can also use the social media integration option to generate some income. It is the easiest and most useful feature that Patreon offers. It’s easier to share content, such as live streams, posts, and likes, between your social media accounts and Patreon when your accounts are linked.
You can connect your Facebook account and give Patreon access to share anything you upload on the FB profile.
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About payments, fees and withdrawals
You, as the creator, can ask your supporters (fans, friends and family) to pay for an item or to subscribe to your monthly subscriptions. You can set membership levels for your customers. Set different offers for each tier. For example, creating three tiers that charge $1, $3, and $5 respectively will give you the least access to the cheapest tier and ultimate access to your content and offers for the $5 plan.
To create a list of membership levels, go to your profile and press Edit your page. click on levels and then set each layer below the Add layer menu.
You can adjust your payout method according to your preference and needs. You can withdraw the amounts received at any time.
Patreon will charge you a percentage-based fee ranging from 5% for the Lite plan, 8% for the Pro plan, to 12% for the Premium plan. There are also other costs, which are based on other factors: location, commitments and more.
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Why should you use Patreon?
While you can, you should rather monetize your content on other social media accounts – Facebook, YouTube and likes – and earn extras from it, but that’s not enough. The monetization feature pays you after a month’s hiatus. For example, if you see big earnings and a lot of traffic on your site or profile in April, most sites will pay out your earnings in June.
This is why you should be using Patreon along with monetization on your other profiles. It makes your content valuable and lets you withdraw your earnings whenever you want. You also get involved with your real supporters.
I think you learned how Patreon works and other related stuff. I am sure this article is easy to follow and understand. I’d love for you to share this piece with your friends and family in the way that you’ll come to appreciate your supporters on Patreon.
So, that’s all for now. Keep browsing for more articles about Patreon on Path of EX and other How-Tos.