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Substack VS Coil

Compare Substack VS Coil and see what are their differences

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Substack logo Substack

With Substack, anyone can start a publication that combines a personal website, blog, and email newsletter or podcast. It's quick and simple.

Coil logo Coil

A better business model for the web, get paid without ads
  • Substack Landing page
    Landing page //
    2022-10-26
  • Coil Landing page
    Landing page //
    2023-05-28

Substack features and specs

  • Ease of Use
    Substack offers a user-friendly interface that makes it easy for writers to publish and monetize their newsletters.
  • Built-in Monetization
    Writers can easily charge readers for subscriptions, allowing for straightforward monetization.
  • Direct Audience Connection
    Substack allows writers to build a direct relationship with their audience via email, which can lead to a more engaged readership.
  • Discovery and Community
    Features like staff picks and recommendations help writers get discovered by new readers.
  • No Upfront Costs
    Substack does not charge upfront fees; instead, it takes a percentage of subscription revenues, making it easier to start.
  • Content Ownership
    Writers retain full ownership of their content, giving them more control over their work.

Possible disadvantages of Substack

  • Revenue Share
    Substack takes a 10% cut of subscription revenues, which can add up for writers with a large subscriber base.
  • Limited Customization
    The platform has limited customization options compared to building a custom website or using more flexible CMS options.
  • Dependency on Platform
    Relying on Substack means depending on its policies and infrastructure, which could pose risks if the platform changes its terms or features.
  • Competition
    As more writers join Substack, it can become challenging to stand out amidst the growing competition.
  • Email Deliverability
    Writers may face issues with email deliverability, as some newsletters may end up in spam folders.
  • Payment Processing Fees
    Besides Substack's fee, payment processors like Stripe also take a percentage, further reducing net earnings for writers.

Coil features and specs

  • Monetization for Creators
    Coil provides a platform for content creators to monetize their work through Web Monetization, offering an alternative revenue stream.
  • Seamless Integration
    The service can be integrated easily with websites and platforms, making it user-friendly for both creators and consumers.
  • Support for Open Technologies
    Coil uses open standards like Interledger Protocol, promoting accessibility and interoperability across different platforms.
  • Subscription Model
    Users subscribe to Coil for a fixed monthly fee, which is then distributed to creators based on user engagement and time spent on content.

Possible disadvantages of Coil

  • Limited Awareness and Adoption
    As a relatively new technology, Coil faces challenges in widespread adoption and user awareness compared to more established monetization methods.
  • Dependent on User Base
    The success of monetization for creators is heavily dependent on Coil growing its user base, which can limit immediate revenue opportunities.
  • Competition with Established Platforms
    Coil competes with larger and more established platforms like Patreon and YouTube that already have dedicated user bases and monetization options.
  • Subscription Costs
    While the fixed monthly fee can be beneficial, some users may be hesitant to pay an additional subscription on top of their existing expenses.

Analysis of Substack

Overall verdict

  • Substack is a good choice for writers seeking autonomy and a straightforward way to monetize their content. However, it may not be the best fit for those who prefer working within the framework of a larger publication or those unfamiliar with the challenges of building and maintaining a subscriber base.

Why this product is good

  • Substack is a platform that allows writers, journalists, and content creators to publish and monetize their newsletters. It is praised for its ease of use, built-in subscription system, and direct-to-consumer model which enables writers to retain control over their audience and content. The platform has attracted both independent writers and established journalists seeking the freedom to monetize their work without traditional media constraints.

Recommended for

  • Independent writers and journalists
  • Content creators looking to monetize their work
  • Individuals seeking a direct relationship with their audience
  • Those who appreciate simplicity in publishing

Substack videos

+ Add

Monetizing Podcasts and Newsletters - Chris Best of Substack and Jonathan Gill of Backtracks

More videos:

  • Review - E1016 Substack CEO Chris Best empowers writers via email newsletter platform, raised $15M from a16z
  • Review - Why EVERYONE should be on Substack | What it is, How it Works, $$$
  • Review - Beehiiv vs Substack (2024) - Which is Better?
  • Review - My Experience with SUBSTACK: An Honest Review of Substack

Coil videos

+ Add

Best Ignition Coil In 2022 - Top 5 Ignition Coils Review

More videos:

  • Review - Review Coil Alien Champions by Rahaditya Channel

Category Popularity

0-100% (relative to Substack and Coil)

Substack

Coil

Blogging
100 100%
Blogging
0% 0
Dating
0 0%
Dating
100% 100
Blogging Platform
100 100%
Blogging Platform
0% 0
Social Media Tools
0 0%
Social Media Tools
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Substack and Coil

Substack Reviews

25+ Medium Alternative Platforms for Publishing Articles
Substack offers writers of all experience levels the ability to write an email newsletter that’s profitable through subscriptions. Substack provides purpose-built web and newsletter publishing tools to enable writers to monetize their newsletters. It is a service often favoured by readers because it’s a convenient all-in-one solution for writing a successful podcast that...
Source: forgefusion.io
10 Best Medium Alternatives for Reading and Publishing
What sеts Substack apart is its sеamlеss intеgration of contеnt crеation and subscription-basеd monеtization. Substack’s usеr-friеndly intеrfacе, distribution tools, and support for various contеnt formats make it a popular choice for indеpеndеnt crеators looking to connеct dirеctly with thеir audiеncе and turn thеir passion into a sustainablе incomе strеam.
Source: www.geeksforgeeks.org
9 Best Medium Alternatives for Making Money With Your Writing in 2023
Substack and Medium differ primarily in their monetization methods. Medium pays creators based on reader engagement, while Substack enables writers to monetize directly through paid subscriptions to their newsletters. This business model allows Substack users to build a direct relationship with their readers via their email inboxes, whereas Medium interactions primarily...
Source: www.authorityhacker.com
11 Patreon Alternatives for Audience Monetization in 2023
Like a few of the other platforms we’ve looked at, Substack takes a cut of your earnings rather than charging a 10% platform fee.
Source: www.uscreen.tv
Any good Mailchimp alternatives?
My question for you is, what is keeping you from making $31 per month from your list? Are you using any feature that Substack (free until you get paid) can't handle?
Source: www.indiehackers.com

Coil Reviews

We have no reviews of Coil yet.
Be the first one to post

Social recommendations and mentions

Based on our record, Substack should be more popular than Coil. It has been mentiond 89 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Substack mentions (89)

View more

Coil mentions (24)

  • Towards Web Monetization
    Currently, the dominant player in the Web Monetization space is Coil, a subscription service that provides a Chrome extension to users. It connects to your cryptocurrency wallet - right now, Web Monetization works primarily on the Ripple blockchain. Whenever the Chrome extension detects a payment pointer, or a wallet address, it starts streaming micropayments. The page to which payments are being streamed can... - Source: dev.to / over 2 years ago
  • Patreon Lays off 17% of Staff
    Https://coil.com/ for a "self-hosted" solution. - Source: Hacker News / over 2 years ago
  • Elon Musk $258 billion Dogecoin lawsuit expands
    It's not been adopted by any large news sites yet, but many smaller content providers have used it to allow users access to additional content. This is being done by a company called Coil: Https://coil.com/. Source: over 2 years ago
  • How to set up your own personal blog: Step-By-Step Guide
    Coil is a web monetization provider. You can sign up on coil as a creator and add the web monetization tag to your site. - Source: dev.to / almost 3 years ago
  • Browser Extension to Bypass Media Sites Paywalls
    The tech already exists, see [1] and [2]. And if you feel bad about leaving your credit card details somewhere, you could use a plugin like Alby [3]. [1] https://lnpay.co [2] https://coil.com [3] https://getalby.com. - Source: Hacker News / almost 3 years ago
View more

What are some alternatives?

When comparing Substack and Coil, you can also consider the following products

Ghost - Ghost is a fully open source, adaptable platform for building and running a modern online publication. We power blogs, magazines and journalists from Zappos to Sky News.

CentUp - Get paid for your content. Raise money for charity.

Medium - Welcome to Medium, a place to read, write, and interact with the stories that matter most to you.

OnlyFinder - The Search Engine for OnlyFans

WordPress - WordPress is web software you can use to create a beautiful website or blog. We like to say that WordPress is both free and priceless at the same time.

OnlyFans - Unlike other social platforms, OnlyFans is welcoming of all creator genres and their content.

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