“This represents a move away from the traditional donation model — in which users pay to benefit the creator — to a value model, in which users are willing to pay more for something that benefits themselves.”
You’ve likely heard of Kevin Kelly now legendary 1,000 True Fans theory which suggests a creator can have a thriving career if they can attract 1,000 fans who pay them $100 a year.
Li Jin expands on that concept and explains how to succeed with just 100 true fans by shifting how you monetize your fanbase.
She breaks down how to segment your audience into tiers including a high-value tier that generates higher revenue in exchange for higher value offerings.
Btw, I found this in Jimmy Daly’s newsletter.