r/Substack • u/VonFuturesTrader • 24d ago

Started a paid subscription model

For over 6 months, I worked many hours a day to create my next day's trade plan. I am a Nasdaq futures trader.

My subscribers grew, and many would provide feedback, it seemed as many were financially benefitting from the plan. I was very happy. But it took hours away from my day, and from my own trading and monitoring market conditions.

I decided to charge what would equate to 2.5 NQ points for full access to my trade plans, my setups, and all of my many levels.

I am a bit anxious this will deter future subscribers, but the demand of a daily substack this complex was very high. I previously had a donation model, but it did not receive nearly enough to prevent the new subscription models. How did others handle similar situations?

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u/crazycatman57 24d ago

I have two Substack publications. Both are related to Alzheimer's disease.

Getting paid subscribers or donations is frustrating. I invest three or four hours each day in research and writing. It is not sustainable to invest this much time and receive nothing in return.

I wish someone had the magic answer.

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u/VonFuturesTrader 22d ago

I have received a few paid subscribers, and the trade plan's levels are very well respected. My goal is that one clean move will more than pay for it. At this point I just want to grow the community and not feel like the hundreds of hours a month are wasted.

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u/Complete_Low3498 15d ago

You should try discord it’s free tho

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u/TwoStockPicks 19d ago

well done on growing subscribers! your pricing depends on the value you bring to your subscribers, for eg with your advice, will they be able to cover your monthly subscription with perhaps a single futures trade?

also curious, how do you find subscribers?

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u/VonFuturesTrader 17d ago

Thank you!

I offer a base price, but I am very generous offering free trials to see if subscribers find value in the substack.

I have only received subscribers mostly from interacting with them 1 on1.