Collectively, video producers make the most money on Patreon. Monthly earnings from video content add up to an estimated $6.37 million. Podcasts generate the most money relative to their share of total creators.
Hence, Who are the top earners on Patreon?
These are some of the highest paid Patreon accounts that earn more than $50,000 a year:
- True Crime Obsessed.
- Chapo Trap House.
- DarkCookie – Summertime Saga.
- Jeff Wittek.
- You’re Wrong About.
- The Tim Dillon Show.
- DankPods.
- Flagrant 2.
Consequently, How do I become a successful Patreon? You should start a Patreon if:
- Your Work Requires Little Overhead.
- You Already Have an Audience.
- You’re Looking for Motivation.
- Create an Attractive Profile.
- Offer Tantalizing Patron Rewards.
- Set Achievable Goals.
- Thank Your Patrons.
- Promote, Promote, Promote.
How much does Patreon cost per month? On top of the platform fee, the payment processor (Stripe or PayPal) charges a fee for each donation made: 2.9% + $0.30 for donations over $3.
Terms & Fees.
| Funding Duration | Unlimited/Continuous |
|---|---|
| Funding Method | Per month OR per creation |
| Platform Fee | 5%-12% |
| Payment Processing Fee | 2.9% + $0.30 for donations over $3 |
May 21, 2021
In addition, What percentage of money does Patreon take? Conversion fees
Patreon charges creators a 2.5% currency conversion fee on all patron payments made in a currency other than the creator’s payout currency. This fee is reversed on any payments that are refunded to patrons. All fees will be calculated based on the creator’s payout currency.
How do I get my money from Patreon?
Once enabled, automatic withdrawals occur on the 5th of each month.
- Log in to your creator account.
- Click the Income button from the creator menu.
- Click on Payouts from the menu list.
- Click the Edit button next to auto withdrawal.
- Click Turn on to enable auto withdrawal.
Does it cost money to start a Patreon?
It’s completely free to get started. We only receive a small percentage once you start earning on Patreon, plus an industry-standard rate for processing payments from your patrons.
How do I get my Patreon noticed?
9 Tips to get more Patreon supporters
- To give you a bit of context….
- #1 Don’t ever ask directly.
- #2 Mention your Patreon page everywhere.
- #3 Use different content.
- #4 Make it personal.
- #5 Use incentives for new sign-ups.
- #6 Giveaways are great.
- #7 Build a community.
What do I need to start a Patreon?
How to start a Patreon
- Start by registering for an account with an email or online account.
- Next, go through the questions about the type of content you create.
- Choose which currency your patrons will see when they visit.
- Connect Patreon to your social media and choose a custom URL.
Is Patreon better than YouTube?
Although Patreon and YouTube Memberships offer similar membership tier features: The main difference is that YouTube offers fewer membership tier features but offers more engagement features while having stricter content policies and taking a higher cut of your income when compared to Patreon.
Does it cost money to become a patron?
For example, they can charge $5 a month through Patreon, and if you pay, you’ll become a patron and will get early access to their content and works. Patreon was co-founded in 2013 by Sam Yam and Jack Cont.
Does Patreon report to IRS?
The purpose of collecting the W-9 form is to record your tax identification number, along with your name and address, so that Patreon can notify the IRS of the amount earned in a calendar year.
How often should I post on Patreon?
Frequency of Posting
Our general advice is that if you’re producing more than 4 pieces of content a month, go monthly. If you’re pumping out more than 4 blog posts, videos, comics, or cute little creatures that you want to charge for — you should probably be a monthly creator.
Does Patreon have to be monthly?
At the moment, Patreon only offers recurring memberships, and one-time donations are not available. All Patreon memberships recur on a monthly or annual (if your creator has this available) billing cadence. You can learn more about how creators can bill their patrons in our article: Understand my payments to creators.
How long does it take for Patreon to pay?
When you withdraw your balance on Patreon, it typically takes 1–3 business days to reach your PayPal or bank account. Please note that you can only pay out once every 24 hours. If you try to pay out again within this timeframe, a notification will let you know the exact time and date that you can next payout.
When should I make a Patreon?
You should start a Patreon if you already have an audience for your work. Even a few dedicated readers (if you’re a writer) will be enough to get things going.
Is Patreon allowed on Instagram?
Well, the easiest way to promote Patreon on Instagram is to add your Patreon link to your Instagram bio. This is really easy! All you have to do is to click on your profile icon on Patreon and click on the “Finish Page” button.
Do you need a business license for Patreon?
Your Patreon income does not require you to register as an LLC but there are many reasons you should consider it. Setting up an LLC can protect your personal assets from the majority of liabilities incurred by your business.
Can you be a Patreon for one month?
At the moment, Patreon only offers recurring memberships, and one-time donations are not available. All Patreon memberships recur on a monthly or annual (if your creator has this available) billing cadence. You can learn more about how creators can bill their patrons in our article: Understand my payments to creators.
Do you have to use your real name on Patreon?
While there’s no way to be completely anonymous to creators you support and Patreon, you can use aliases in certain situations to protect your privacy from other users.
How do you cash out on Patreon?
How to payout your balance
- Log in and click the Income button from your creator menu.
- Click on Payouts from the menu list.
- Click the Withdraw button.
- Learn more about our three billing options for creators in this article: Billing my patrons.
Is Patreon owned by YouTube?
Patreon was co-founded in May 2013 by developer Sam Yam and musician Jack Conte, who was looking for a way to make a living from his YouTube videos. They developed a platform that allowed ‘patrons’ to pay a set amount of money every time an artist created a work of art.
Can writers make money on Patreon?
Over the last couple of years, Patreon has become the leading online platform for creators such as writers and illustrators looking to earn money for their work. Patreon can be hugely rewarding, but it’s no easy work. Here are some things you should about Patreon know before signing up…
Is Patreon safe?
For a subscriber, Patreon is perfectly safe to use. This is a trusted, professional company that is motivated to help artists and other creatives to be able to afford to focus on their projects. Subscribers get to choose between three levels of subscription. The lowest-priced tier will be your basic subscription.