Steven Bell :pci:
@samsethi @ericpp @mikeneumann
Honestly, I think it's going to take Podcasters more than anything. They have the audience, and if they can do an ad read for a Casper mattress, and say "Subscribe on Apple, Spotify, or wherever you get your podcasts" then they can say "Look guys, you're my audience, and you're my support system, and I hate reading Casper mattress ads to you. Go check out Truefans, they've made it easy for you to support me. Follow the link in the show notes for a tutorial"
Sam Sethi :pc2red: ⁂
@StevenB @ericpp @mikeneumann thanks Steven. I promise I was not trying to agitate, I was trying to start a group discussion on how collectively we could expand the know universe of people using wallets and paying SATs. Maybe my point about Apple is mute and that's fine. I will continue to try and innovate and find a way to make TrueFans profitable without exploiting the customer. ;-)
Steven Bell :pci:
@samsethi @ericpp @mikeneumann
I understand and respect that, and I hope you're able to figure out how to turn it into a business. I think TrueFans is great looking app, and you're very innovative with the features you're adding. I wish I had some suggestions, but I'm not sure how to make podcasting profitable as an app when there's so many free options available and RSS is by it's very essence free to access.
Sam Sethi :pc2red: ⁂
@StevenB @ericpp @mikeneumann that is great and admire you for that but I need to turn TrueFans into a sustainable business or I need to move on and find another project. Taking a risk to start a business that eventually brings a return is what every entrepreneur risks with no guarantees but it's not a passion project for me while I do another job to pay the bills. I am 100% focused on TrueFans.
Steven Bell :pci:
@samsethi @ericpp @mikeneumann
I guess it comes down to different motivation for different folks. I suspect most of us on this instance are working on this because it's a passion project, not because we're trying to generate revenue, so our goals are different.
I'm perfectly happy working with these guys making a v4v concert that I suspect less than 200 people saw, because it was fun for me, not because I was going to make any money. The $40 I did make was bonus, but not why I did it.
Sam Sethi :pc2red: ⁂
@StevenB @ericpp @mikeneumann I too have volunteered to get a wallet and pay millions of sats. I too have spent 2+ years promoting and building podcasting 2.0
I am simply trying to get a conversation going and asking this group about how can we (collectively) can get more people to use wallets, understand sats and thus make it more rewarding for podcasters and artists. Yes I need TrueFans to generate a revenue. 2 years+ of no income following the dream of Podcasting 2.0 is not sustainable.
Steven Bell :pci:
@samsethi @ericpp @mikeneumann
You're asking this question amongst a group of people that have all volunteered to get a wallet and pay, so yes, while Podcasts remain free (which they all are) people will feel the need to get a wallet and pay if it's a podcast they're passionate enough to support.
It's coming across that you would like to see a model similar to Medium or Substack for audio, which Truefans could totally become, but then it ceases to be podcasting. RSS is the open internet.
Sam Sethi :pc2red: ⁂
@ericpp @mikeneumann We know Spotify and music companies are ripping off musicians. My point was how can we get more people to adopt V4V so podcasters and artists can be paid directly. But my thought was while Apple Podcasts remains free will people feel the need to get a wallet and pay?
Eric P
@samsethi @mikeneumann The platform subscription model is less sustainable. Talk to any of the musicians now doing v4v and they will tell you that Spotify pays them $0 for their music. Some of these artists have millions of plays and have received nothing for them.
Sam Sethi :pc2red: ⁂
@mikeneumann V4V is a voluntary payment but this is not a sustainable model for podcasters or music artists. Busking or begging for money is not a sustainable model. We need to have three models - free interrupted with adverts, ad free model with subscriptions and a third way where you pay only for what you listen too.
I am a massive advocate of V4V but lets be honest its not getting mass adoption because the mainstream sees no value in it. Why pay for the same free podcast on Apple?
Mike Neumann :pci:
@samsethi Your economic model may not be "wrong", but the way I read your thread here, this would be a clear step away from v4v because the subscription model immediately assumes a fixed value amount back to the podcaster on an assumed fixed value received by the listener.
Sam Sethi :pc2red: ⁂
3/3 - Selfishly Podcasting 2.0 apps like TrueFans need all podcasts to become a paid for 1st class digital product. We are seeing this trend slowly happening with Wondery+, The Economist, FT and now the NY times. And yet Apple Subscriptions has been a failure?
In order for Podcasting 2.0 apps to see pay-as-you-listen micropayments get wider adoption, we will need all podcasts behind paid wall. Why would anyone pay for a podcast (even micropayments) if they get it free on Apple? Am I wrong?
Sam Sethi :pc2red: ⁂
2/3 - If I want to listen to podcasts on Spotify I either pay a subscription or I pay with my time by listening to adverts. But Apple Podcasts are free to listen too and have no adverts while Apple Music and Apple TV are not free?
Why won't Apple put all podcasts behind their music or TV subscriptions. Apple has announced its first dual-language podcast will be part of the Apple TV+ connected subscription, offering Apple TV+ subscribers access to all episodes on release in Apple Podcasts???
Sam Sethi :pc2red: ⁂
1/3 - On this weeks Podnews Weekly Review I had another rant about Apple podcasts. Unfortunately it didn't make the editors cut. So here why I think Apple Podcasts is the reason podcasting is a second class digital product.
We are all prepared to pay for music, films, audiobooks etc. and in the UK we also have to buy a TV/Radio license but for some reason people don't expect to pay for podcasts and I think the reason is 100% Apple's fault. #podcasting
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