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Free Services, User as Product
- Substack offers free email and podcasting, which lowers financial barriers for creators.
- However, free services often mean the user is the product, raising concerns similar to social media.
Monetization Needs Scale
- Monetizing content on Substack requires a large audience to be financially meaningful.
- Avoid investing too much time if your subscriber count is small, as income may remain very low.
Substack's Network Expansion
- Substack is shifting focus from pure monetization to also include discovery through a network of writers.
- This network aims to combine independence with community growth, resembling social media's networking aspect.