2
1

A business model for patrick.net


               
2022 Jun 26, 11:23am   5,184 views  55 comments

by Patrick   follow (59)  

After seeing the rise and apparent viability of Substack, I think maybe patrick.net could compete in that space.

So patrick.net users could make some of their posts require payment in one way or another, either by subscription, or for a small per-article fee. It would just be an option if people want to try to make money.

A big benefit is that it would give the for-profit users a motive to spread the word about their "blog" here. And you all could perhaps make some money.

Some problems:

- payments can easily get cut off by the forces of censorship, though Substack apparently deals with that OK
- Substack has a lot of famous people on it. How did they do that? Substack looks more professional, so maybe that's one reason.
- Substack tends to charge way too much. I'm not about to pay $5/month for the 20 Substacks I read. So maybe there should be a $5/month subscription to patrick.net in general, and users could then use up that $5 a quarter at a time or so by "buying" individual posts which look worth reading.

Feedback appreciated. What would make it work?

Comments 1 - 5 of 55       Last »     Search these comments

1   1337irr   @   2022 Jun 26, 12:13pm  

Just try it.
2   mell   @   2022 Jun 26, 12:37pm  

Agreed, may try paid stock research
3   1337irr   @   2022 Jun 26, 12:57pm  

mell says

Agreed, may try paid stock research

Buy AZZ!
4   Bd6r   @   2022 Jun 26, 1:17pm  

Sorry to be a downer, but Patnetters insulting each other or posting memes will not attract many paying customers.

If we are a bit more serious, perhaps something like what is suggested could have worked years back when people here were discussing real estate and when Patrick got some media exposure. I myself found Patnet in ca. 2010 when I was trying to understand what the hell is going on in real estate, and I think there was a link to Patnet on Peak Prosperity or a similar blog. Edit: found it here: https://housingpanic.blogspot.com/

You need to write another book @Patrick and get invited to talk on media again.
5   WookieMan   @   2022 Jun 26, 1:41pm  

Bd6r says

Sorry to be a downer, but Patnetters insulting each other or posting memes will not attract many paying customers.

I don't know, I see more insults on facebook than here. And the vast majority are not anonymous on FB. It's generally been pretty clean here the last two years plus.

At the end of the day it's a business idea. You HAVE to know you'll get sued for something. Is that a risk you're willing to take? Stage 2 would be marketing Patnet. If it were to become a thing everyone and their brother will be wanting to suck that tit. You'll get all sorts of people coming out of the woodwork claiming they can do X, Y, or Z for you for $$$. Friend, family, etc.

Between regulations and the public, running a business is not pleasant is all I'll say. My old job we had a negative yelp reviewer destroy us online and it was all a lie. NOTHING we could do about it. Trolls wanting to ruin your business are the biggest concern in this format. And you can't get rid of that. A past user will come out of the woodwork and trash you even if it's fabricated.

If it's a dream to monetize this place go for it. I'd do whatever I could to support it, but forums/blogs in my opinion are still the wild west of content. You can strike gold or get fucked over. Kind of an OTC/Penny Stock gamble.

Comments 1 - 5 of 55       Last »     Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   users   suggestions   gaiste