Substack VS GetAbstract.com

• 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

• 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.

• Comprehensive Library
  GetAbstract provides access to a vast library of summaries across multiple genres, including business, finance, and personal development, allowing users to learn from a wide range of topics quickly.
• Time-Saving
  The platform offers concise summaries that enable users to grasp the core concepts of a book in a short amount of time, which is particularly beneficial for busy professionals.
• High-Quality Summaries
  GetAbstract's team of experts carefully condenses books and articles into high-quality summaries, ensuring that users receive insightful and reliable content.
• Multiple Formats
  Users can access summaries in various formats, such as text, audio, and visual aids, making it convenient for different learning preferences.
• Mobile Accessibility
  The platform offers mobile apps for iOS and Android, allowing users to read or listen to summaries on-the-go, adding flexibility to their learning schedule.

Possible disadvantages

• Subscription Cost
  While GetAbstract offers valuable content, the subscription model might be considered expensive by some users, particularly those who are looking for free resources.
• Limited Depth
  Because the platform provides summaries, users seeking in-depth analysis or complete overviews of books might find the offerings insufficient for their needs.
• Selection Bias
  The choice of books and articles summarized might reflect a certain bias toward more popular or mainstream literature, potentially excluding niche or less widely-known works.
• Dependence on Internet
  Although summaries can be accessed via mobile devices, a stable internet connection is required for the most seamless access, potentially limiting usability in areas with poor internet service.
• Learning Preference
  Some users may prefer engaging with the complete text of a book to fully appreciate an author's style and depth, which summaries inherently lack.

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

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Tracking GetAbstract.com since Mar 2021.