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Simon Haisell's avatar

Hey everyone and thanks Claire for the post! I very rarely talk about growth, paywalls etc because I don't feel like I know anything about it. I've been on Substack less than six months and I feel like I am just winging it most of the time.

However, at the same time, I realise Footnotes and Tangents has been a bit of a Substack success story. And what I have done may be useful to others. I don't know, but it might be!

In the first six months, I've gained almost 6,000 free subscribers, with 900 paid (two thirds of them as annuals) and a conversion from free to paid of about 15%. And I've done this with very little behind a pay wall. Paid subscribers get a little bonus post each week, which is just icing on the cake.

So on my Substack, I run two book groups, slow reads over the course of a year. And I decided early on to go paid but keep most things free: a weekly post for both book groups, a daily chat thread and additional resources via static pages.

By keeping most things free, I devote most of my time to making the free content **really high value** with the hope that people recognise its value and decide to pay for it. I believe this is sometimes called The Guardian model, after the UK newspaper's rather successful subscription strategy. It felt risky, but it appears to have paid off!

This strategy means I don't have to worry about creating too much exclusive content and I can really focus on making the free content. And I think that partly explains the high conversion rate: readers keep telling me: this stuff is worth paying for so I want to pay you. Which is so rewarding as a writer!

Also, because I am engaging with readers every day through the free chat threads, I think that also leads to a lot of goodwill and more people taking out a paid subscription.

Now I have no idea how transferable any of this is to anyone else! Or how is will pan out in the long term. Like I say, I'm just making it up as I go along. But I thought I would share my experience with you guys. I hope you find it useful, and just shoot if you've got any questions.

Thanks Claire, and I hope everyone has a lovely day.

Simon

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Louise Tilbrook 🍁's avatar

Thank you for this really considered post Claire. Like you I have my unsubscribe notifications switched off but at some point I know I need to go through and investigate my stats and my retention rates. One thing I feel I should know the answer to, but don't. If I put up my monthly prices (at the minute my annual rate is the same as 12 x monthly rate, does that apply to existing subscribers too, or just new ones?

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