I have nothing to do with Patreon but will definitely give it a go. Watch the video.
I always thought that anyone with a million hits on their Youtube video would be raking in money from ads. Apparently this is not the case. But if you have a few hundred thousand subscribers and less that 10% give you each a dollar a month for your work that's great. Do the math.
- You have 100,000 subscribers. 5% of them become patrons at $2 each per month.
- 100,000 x .05 = 5,000
- 5,000 x 2 = 10,000
- $10,000 per month
- (10,000 x 12)
- Assuming this is stable for one year that is $120,000 a year.
(Patreon takes a 5% cut but that is relatively small compared to the income. You will of course have to pay taxes)
But it's just not that easy, you say. You would be correct. But it's also not easy to get a major label to advance you $60,000 to make a record like the new media sensation, metal band, Unlocking the Truth from New York City. Anyway, any bands doing the college circuit back in the USA could easily beef up their income by getting patrons. Get 100 people contributing 1 buck a month per new song and you have $1200 end of year. I would then give patrons access to premium material and a special T-shirt or something. You gotta let people know how much it means that you financially back their art. Anyway, I will be experimenting with Patreon.