2
1

A business model for patrick.net


               
2022 Jun 26, 11:23am   5,179 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 - 12 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.
6   Patrick   @   2022 Jun 26, 1:41pm  

HunterTits says


They'll shut you down, period.


Well, my purpose in life is kinda to be a voice of dissent against censorship, so if they try, it's kind of proof that I'm doing something right.

It's not all that hard to try. I don't see what I could be sued for exactly, but maybe I'll be surprised.
7   Patrick   @   2022 Jun 26, 1:47pm  

mell says


Agreed, may try paid stock research


Sure, this is a great example. There are probably a lot of people who will pay for coherent stock analysis.

At one time I thought I had a viable business showing houses for sale on a map as red, yellow, or green monopoly markers depending on the expected rent vs the purchase price. The problem there was that I was dependent on Craigslist for the rents and they cut me off. End of business. So the lesson learned was not to be dependent, at least as much as possible. That makes payments hard, because cutting off payment processing is one way that the oligarchy suppresses dissent. Worst case, people could mail in a $5 bill, though that is slow and awkward. But it's still possible at least.
8   Patrick   @   2022 Jun 26, 1:51pm  

There are ISPs who specialize in giving a place to free speech.

I've also discovered that credit unions are much safer places than corporate banks. They tend to be pretty local and much less ideological.
9   mell   @   2022 Jun 26, 2:37pm  

Patrick says

mell says



Agreed, may try paid stock research


Sure, this is a great example. There are probably a lot of people who will pay for coherent stock analysis.

At one time I thought I had a viable business showing houses for sale on a map as red, yellow, or green monopoly markers depending on the expected rent vs the purchase price. The problem there was that I was dependent on Craigslist for the rents and they cut me off. End of business. So the lesson learned was not to be dependent, at least as much as possible. That makes payments hard, because cutting off payment processing is one way that the oligarchy suppresses dissent. Worst case, people could mail in a $5 bill, though that is slow and awkward. But it's still possible at least.

It has to be done with micropayments. People don't like to subscribe or pay a lot at once.
10   Patrick   @   2022 Jun 26, 3:04pm  

Thanks @mell

It would be pretty simple to do arbitrarily small micropayments from a user's money in hand to the authors of the relevant posts. I could just track all the payments in the database. So I suppose people would have to sign up with $5 or whatever and then use it up.

So then what is a good censorship-resistant way to accept that $5? I kind of like paper money in the mail actually, but would people mail me $5? I think they might. They have to find an envelope and a stamp, but they don't have to give away any credit card info either.
11   Patrick   @   2022 Jun 26, 3:16pm  

Another viral effect not to be underestimated: If I post how much each article and each author has earned, that would be very interesting to readers as well. Though it could be depressing or embarrassing if they don't earn anything.

The success of the http://www.milliondollarhomepage.com/ was due primarily to people being interested in how much money the guy was earning - and that interest is exactly what got the attention that allowed him to sell the advertising in the first place!

So I think it is important to publish income amounts somehow.
12   mell   @   2022 Jun 26, 3:17pm  

Patrick says


Thanks @mell

It would be pretty simple to do arbitrarily small micropayments from a user's money in hand to the authors of the relevant posts. I could just track all the payments in the database. So I suppose people would have to sign up with $5 or whatever and then use it up.

So then what is a good censorship-resistant way to accept that $5? I kind of like paper money in the mail actually, but would people mail me $5? I think they might. They have to find an envelope and a stamp, but they don't have to give away any credit card info either.


That would be the best way to stay anonymous and probably not more expensive than the payment processor taking a cut. Plus you can use no postage needed if mailed within the US prepaid envelopes you haven't used ;) I wonder if the trick still works not to stamp it but use your address as sender so it gets "returned" to you. Anyways, I digress. Sending $5 via mail and providing username (or email) should be enough to get started.

Comments 1 - 12 of 55       Last »     Search these comments

Please register to comment:

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