Substack versus Buy Me A Coffee
Should writers publish exclusively on Substack? Or diversify their publishing platforms with alternatives like Buy Me A Coffee?
Recently, I emailed all of my Substack readers to give them a heads-up that I’d be mirroring my content on Buy Me A Coffee. I did this for two reasons:
To make sure that my BMAC supporters and subscribers were able to access my content if they did not wish to buy a paid sub on Substack (since I had put all my content behind the paywall).
To make sure that I did not have all my eggs in the Substack basket.
Since I sent that email yesterday, I’ve been thinking about some of the differences between BMAC and Substack. So I wanted to explore some of that here for the benefit of other writers and also readers who might have used Substack but might not have used BMAC.
Changes to Substack’s business model
I don’t know if you’ve noticed, but Substack is changing. It used to be solely a newsletter business. Then it added Notes, Podcasting, Live Video, etc. Substack’s business model is changing before our eyes. Some Substack publishers are genuinely enthusiastic about these changes. They’ve embraced…