How Writers Are Making $1 Million on Substack with Farrah Storr
The publishing industry pays writers last and cuts them first. Substack pays 50 of its creators over $1 million a year. One woman edited Women's Health, Cosmopolitan and Elle, saw where it was all going, and left to build the other side. In this episode of Hot Girl Finance, Farrah Storr, Head of Substack International, breaks down exactly how the platform pays, who's getting rich, and why the industry that underpaid writers for a century is being replaced. In this episode: ◼️ The Substack business model, explained in one breath, who sets the price, who takes a cut, and where the money actually goes ◼️ The answer to "but how would anyone find me?" and why you don't need to bring an audience to start earning ◼️ What Farrah makes from one piece of writing a week, and how it compares to her editor's salary at Women's Health ◼️ The story behind The Free Press: built on Substack, sold for a number that changed how writers think about the platform ◼️ Why almost everyone starts as a side hustle, and the exact signal it's time to go all in ◼️ The one way writers should never use AI, and why readers can always tell ◼️ Why she says you haven't missed the boat, Substack is only just launching in France, Italy, Brazil and Japan The boat hasn't sailed. It's waiting for you. Subscribe for new episodes every week. 💜 Stream on Spotify: https://tr.ee/hgfspotify 💜 Stream on Apple Podcasts: https://tr.ee/hgfapple 💜 Follow us on Instagram: https://www.instagram.com/hgf/ 💸 Powered by Aave App. Start saving smarter: https://aave.com/app
