Post № 64 - The creator economy can't rely on Patreon

Put simply, the numbers don't add up. Data from Patreon and Substack suggests the average conversion rate from follower to paying fan is about 5%. This means a creator would need a total fanbase of 20,000 followers to yield 1,000 paying supporters. And building a core fanbase of 20,000 engaged followers is extremely difficult in today's crowded creative landscape.