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While Substack can be a lucrative side hustle, success requires dedication and quality content on a very consistent basis. If a reader is used to getting your writing once a week, they're quick to ditch you if there's a single week where they can't enjoy your writing. If you're ready to face that challenge, go ahead and make it happen!
Substack has a much smaller overall audience compared to YouTube so there's no real advantage comparing your efforts for Substack with what you'll have to do for YT success. YouTubers earn significantly more than top Substack writers
Your tentative side hustle is “become Mr Beast” ????????????
I have about 500 subscribers, none paid though. I also don’t keep anything behind the paywall but from what I gather you can expect maybe 1 in 100 readers to pay you, so you’d have to be extremely popular to make a noticeable amount of extra money.
As for how how I got them, the majority came from a viral post, otherwise I’ve been picking up 3 or 4 at a time with each new article. I have some credible bylines too, which I assume helps.