A membership programme takes your publication to a whole new level: more revenue, reliable income you can actually plan with, and the means to develop your project further. Naturally it helps to know roughly how much you can expect to earn — and the answer comes down to your community.
A simple rule of thumb
Our research shows that at least five percent of your community is ready and willing to support you, if you make it easy and offer an appealing membership plan.
The amount you can earn depends on the size of your community. Your community includes people who follow your project, wait for your updates and can contact you digitally or personally.
By estimating the size of your community, you can work out how much money you could earn using Steady:
(number of community members * 0.05) * (average membership fee) = possible revenue
An average membership price on Steady is around €5 per month. Using this example, in order to reach a goal of €1,000 a month, you'll need to reach at least 4,000 community members with your campaign.