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The first rule of making money on Substack is to not lose money on Substack.

Stop paying $X/month for the course. That will make you $X/month richer.

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Substack is working better for me than Medium did, in terms of getting money every month. But it's hard to build a following on either of them if no one has any idea who you are, and there's no guarantee you'll be famous enough to earn money regularly on either of them.

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Its more a case of ensorship and ownership. On Substack, even the five nazi accounts weren't censored. You can literally write what you like. Upset someone on Medium (and its only a matter of time), and you're booted out. I'm surprised I've lasted this long! And ownership...Medium are free to do what they like with your work.

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Unless one just writes for fun, like me. My mother is my biggest (only?) fan. πŸ˜‰

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Funnily enough, this breakdown makes me glad I'm putting more time into Substack than I was Medium. As a speculative fiction writer I want to build a dedicated fan base around my works and content. Not just become some other writing guru for a bunch of other writers.

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What if I move to an extremely poor country where everything is very cheap. I can be a rich writer from Substack then? Maybe there is a workshop idea....

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Hi Smillew, lovely to see you are here and I hope all is well. I keep trying to call the number to subscribe to your course but I get a man asking me if I will send him $10k so that he can send me $42.5m. Good luck with all your writing wherever you pen.

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Ten years of routine publishing on Substack could work at the rate that folks grow subscribers here…but will Substack be around then or somehow sold and butchered? Like X?

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Nice breakdown. It's important to stay realistic here- even if we're dreaming big.

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I've bought my lottery ticket. At least on Substack it's free. 😁

On a serious note, what would you say your time split between substack, medium and twitter is?

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Does this mean you're giving up?

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Feb 24Liked by Smillew

Loving the honesty, Smillew. Many thanks for the inside track.

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Is it possible to do both?

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I just try to write and show up for other people. It grows from there.

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One thing Substack doesn't seem to have have that Medium has is that coterie of inside haters. You can always get a lot of reads on Medium by going on about how much you hate Medium, how anyone who signs up to "Friend of Medium" is a pathetic sucker, etc etc etc. I just don't get it.

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Feb 24Liked by Smillew

Hey, Smillew, this article convinced me to subscribe. I enjoy your excellent writing skills and fascinating adoration of amusing fakeness! Have faith in my promise to subscribe as soon as I’m able to. In the meantime, I wish you to get rich as a writer!

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