|
|
|
|
|
by chiefalchemist
2126 days ago
|
|
Yes and no. I would say those platforms are more like communes. That is, I'll share mine (audience) is you share yours (audience). It's like any product: starting from scratch to find fit and from that traction is not easy. It's resource intensive. Failure rate is high. Yes, these platforms get a piece of your action. But they also provide something in exchange; something you'd likely struggle to create on your own otherwise. Then once you find fit, and traction, you can leverage that and transition elsewhere. |
|
BUT, here's the problem, the more you develop workflows, habits, and a big back catalogue on their platform, the harder it is for you to transition off of it.
Your content catalogue could have been building SEO juice for you on your own domain. Instead, by transitioning, any link anybody has ever posted to your content or newsletter becomes obsolete and a dead end into substack.
The truth is, if you aren't able to set up your own platform now, you aren't suddenly going to acquire the time and skills needed to do that while tied to a weekly publishing schedule later--especially given the vendor lock-in I mentioned above.
The platforms know this. I've never heard of a commune that venture capital investors were willing to put $15M in hoping for 10X returns.
It's sharecropping.