Patreon launches features to automate away creators’ administrative workload and help them make more money

Date:

Share post:


Patreon is rolling out new automated features for creators to convert free members to paid ones.

Last year, Patreon introduced e-commerce features and free memberships, which allow fans to subscribe to a creator’s public posts without having to pay for paywalled content. Now that creators have become more accustomed to these tools, Patreon is adding the Autopilot feature, which predicts which free members are most likely to upgrade, then offers them discounts via email. This feature also works to offer discounts on items in a creator’s Patreon shop.

Every month, 400,000 free members upgrade to paid memberships, the company says. According to Patreon, Autopilot improved the rate of free-to-paid membership upgrades by an average of 19% in testing.

Patreon founder and CEO Jack Conte has been particularly outspoken about how algorithmic feeds can hurt creators: When creators post something on Instagram or TikTok, there’s no guarantee that the post will actually reach their followers. So, it’s a bit surprising that Patreon revamped its search feed into an Explore tab, which uses fans’ existing subscriptions to predict what other creators they might be interested in supporting. But Patreon still acknowledges that word-of-mouth growth is a necessity for creators. For the past few months, creators have been able to recommend other Patreon pages to their followers, which might be even more useful than an Explore tab.

Image Credits: Patreon

Though monthly memberships are Patreon’s bread and butter, the platform has also been exploring one-off monetization opportunities. Since June, creators have been able to offer individual posts — or bundles of posts — for a one-time payment, rather than a recurring monthly fee. In testing, the company found that more than 45% of these one-off purchases came from new fans. Patreon cites that the music teacher Gracie Terzian started selling music classes, which are normally part of her monthly membership program, as one-time purchases, yielding a 20% boost in her monthly earnings.

The feature is too new to indicate whether it will actually push more fans toward making one-time purchases, rather than pledging a recurring monthly payment. For creators, these monthly payments are hugely important, because it helps them predict their income in a more stable manner. But, if this feature weren’t advantageous to creators, Patreon probably wouldn’t have launched it more broadly. Patreon’s financial incentives are pretty aligned with its creators; the company gets a cut of all payments made to creators, so if creators are making less money, Patreon would make less too.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Zepto raises another $350 million amid retail upheaval in India

Zepto has secured $350 million in new funding, its third round of financing in six months, as...

Battery unicorn Northvolt files for bankruptcy, upending Europe’s industrial plan

Beleaguered Swedish battery manufacturer Northvolt announced today that it was filing for bankruptcy in the U.S., striking...

Brave Search adds AI chat for follow-up questions after your initial query

Brave announced on Thursday that it’s introducing an AI chat mode for follow-up questions based on initial...

Cruise fesses up, Pony AI raises its IPO ambitions, and the TuSimple drama dials back up

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of...

WhatsApp rolls out voice message transcripts

WhatsApp announced on Thursday it’s rolling out voice message transcripts. The Meta-owned company says the new feature...

Threads adjusts its algorithm to show you more content from accounts you follow

After several complaints about its algorithm, Threads is finally making changes to surface more content from people...

Spotify tests a video feature for audiobooks as it ramps up video expansion

Spotify is enhancing the audiobook experience for premium users through three new experiments: video clips, author pages,...

Candela brings its P-12 electric ferry to Tahoe and adds another $14M to build more

Electric passenger boat startup Candela has topped off its most recent raise with another $14 million, the...