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Bill Rice, Jr.'s avatar

1st of 3 Bonus Posts on Substack's 'contrarian market' ....

From the website link provided below, I learned several key Substack readership metrics. As of several months ago, the platform had at least 35 million subscribers. But many people visit Substack who have yet to become subscribers. The number of “monthly unique visitors” to the platform is a little over 50 million (and growing rapidly).

The same source also lists the top 27 Substack newsletters (based on estimates of annual projected revenues). Per my analysis, 5 out of the top 27 could be labelled “Covid” or “freedom” newsletters. These Substack newsletters are authored by Alex Berenson, Steve Kirsch, Matt Taibbi, Dr. Robert Malone and Dr. Joseph Mercola.

This means that 18.5 percent of Substack’s top newsletters basically cover the same topics as I do. For the purposes of this analysis, I assumed that the same percentage applies to all Substack newsletters. That is, a little less than 20 percent of Substack newsletters might be devoted primarily to Covid and “freedom”/alternative media content.

If 18.5 percent of Substack’s 50 million readers are reading “Covid” or “freedom” writers like these five authors, the market for such content would be 9.2 million readers. If one counts only current subscribers to Substack, this market would be approximately 6.5 million readers.

I currently have 5,646 subscribers. The market that might allow me to grow this number would seem to fall in a range between 6.5 and 9.2 million (median number: 7.85 million, or approximately 8 million prospective subscribers.)

Since its founding in 2017, Substack has experienced rapid growth in subscribers and unique monthly visitors. One would expect this growth to continue (then again, as I noted in a recent article, I once thought I would be at 10,000 total subscribers by now).

Link with excellent Substack data:

https://backlinko.com/substack-users#highest-earning-newsletters

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SimulationCommander's avatar

I would hazard a guess that the 'covid writers' you speak of are the only ones still talking about it in the first place -- the fact that it's a smaller percentage of your work now is overshadowed (IMO) by the that you're still talking about it more than most. I think it's important to keep in the public consciousness - especially because they're still set up to do it again.

As far as being overwhelmed by the number of articles on Substack, that's a me problem, not a you problem. I do sometimes find myself deleting articles when I finally admit to myself I have no chance of catching up on them, but that just means I need to whittle down my subscriptions a little bit. I write about as much as you do, and haven't had complaints about it -- though I expect people just unsubscribe, which is fine, too.

Personally I don't like the crosspost emails because most of the time I already have the original in my inbox, but once again that's a me problem. Crossposting in general (or re-noting or whatever) is a great way to expand the audience for a good post.

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