How to Make Money on Patreon Easily
The internet is a marketplace filled with endless possibilities. Nowadays, you do not have to depend on your 9 to 5 job to make ends meet. You can easily make money on your computer in the comfort of your home. Patreon is an online membership platform for creators to get paid for creating and uploading content and for fans to become part of their favorite creators' community and pay them for delivering the content they so much enjoy.
Patreon is used by creatives such as musicians, bloggers, YouTubers, painters, and other groups of people looking to get financial assistance from their followers. It is more or less like a crowdfunding platform. Patreon gives creatives a good way to earn income on the side by delivering content. However, just like other online platforms and applications, you will have to deliver high-quality content and be consistent to start making money on the side. In this article, you will learn how to make money on Patreon. You will also learn how to use to make money online.
Can You Make Money on Patreon?
Absolutely. You can make money on , and depending on how successful your account is, the amount of money you make may be enough to sustain you. That said, you will first need to set up your Patreon account. When setting up your account, you will specify what type of content you create and then proceed to select your currency. You can add a personal touch to your account by uploading your profile picture, linking your account to your social media pages, and, if you like, you can make an introductory video to tell the viewers more about yourself.
You will not be charged for setting up your Patreon account. The company makes money off you by deducting a percentage of your earnings, in addition to some processing fees. The deducted percentage will be determined by the level of subscription you select.
How Much Money Can You Make on Patreon?
Your potential earnings on Patreon will be determined by how many dedicated followers you had prior to creating your account. According to Patreon, approximately 15% of a creator's fans will sign up to Patreon from a public platform, whether it is through social media, YouTube, or a blog. Approximately 1-5% of those who click on your link will become patrons. As Patreon highlights, if you select membership tiers ranging from $2 to $100, you can expect an average of $7 per patron every month.
It is important to remember that Patreon will deduct a percentage of your earnings depending on your tier. 5% -12% of your earnings will go to Patreon, in addition to processing fees. For pledges of $3 and below, you will pay a processing fee of $5 and 10 cents. It is also worth noting that you can receive payments anytime you want. Your earnings will be sent to you via PayPal, Payoneer, or direct deposit.
Patreon has several types of fan support:
|Monthly subscription||Some fans enroll in a monthly subscription, where they pay money in exchange for insider news and other giveaways.|
|Pre-creation campaign||This is a one-time fee fans pay to their favorite creator to support them on an upcoming project.|
|Donation||Fans, in this case, decide when to give a donation and how much to give. They do not have to subscribe as patrons to donate.|
How Can You Maximize Your Earnings With Patreon?
You can use the following strategies to increase your earnings on Patreon:
- Have a very good intro video. This is your chance to make an unforgettable first impression. Your intro video can make or break you.
- Use social media to promote your Patreon. Most of your patrons will come from social media. Do not forget to leave a link to your Patreon account on all social media platforms.
- Have multiple benefit tires. This will give more people an opportunity to support you.
- Take advantage of Patreon resources. Patreon has many free educational resources, such as tutorials and workshops, which are geared to make creators more successful.
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