Substack VS Modius

• 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.

• Non-invasive neurostimulation
  Modius offers a non-invasive approach to health and wellness through neurostimulation technology, which targets the vestibular nerve to potentially influence metabolism, appetite, and body composition without surgery or medication.
• Easy to use
  The Modius headset is designed for home use with simple operation. Users typically wear the device for a short session each day, making it convenient to integrate into daily routines without requiring clinical visits.
• Drug-free approach
  For individuals seeking alternatives to pharmaceutical weight management or wellness solutions, Modius provides a drug-free option that works through electrical stimulation of neural pathways.
• Companion app
  Modius comes with a companion smartphone app that helps users track their sessions, monitor progress, and adjust settings, providing a guided and connected user experience.
• Backed by neuroscience research
  The technology is rooted in neuroscience principles related to vestibular nerve stimulation and its connection to the hypothalamus, which plays a role in regulating appetite, metabolism, and fat storage.

Possible disadvantages

• Mixed user results
  Results vary significantly among users, with some reporting noticeable benefits while others experience little to no change. The inconsistency in outcomes makes it difficult to guarantee effectiveness for every individual.
• Limited clinical evidence
  While the underlying neuroscience concepts are established, the specific claims made by Modius regarding weight loss and body composition changes have limited large-scale, peer-reviewed clinical trial data to fully support them.
• Relatively expensive
  The Modius device comes at a premium price point, which may be a barrier for many consumers, especially given the uncertainty around individual results and the availability of other wellness options.
• Potential side effects
  Some users report mild side effects such as dizziness, nausea, or discomfort during or after sessions due to the vestibular nerve stimulation, which can be unpleasant and may discourage continued use.
• Requires consistent long-term use
  To see any potential results, users typically need to commit to regular daily sessions over weeks or months. This long-term commitment may be difficult to maintain, and discontinuing use may reverse any benefits gained.

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

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Tracking Modius since Nov 2022.