Substack Course Video #12 – Changing Rates on Paid Newsletters
You will learn:
- How to raise or lower your subscription price
- What to expect regarding people who are paying the old subscription price before you change the monthly or yearly rate.
TRANSCRIPT OF SUBSTACK COURSE VIDEO #12:
So what if you have an existing subscription model here, you have an existing newsletter on Substack, and you’ve been charging people $5 a month. It’s a paid newsletter. But now you’d like to up the price to $8 a month. You can change your subscription price, no problem.
All you need to do is log into your dashboard, then go to settings. Scroll down to your Paid Newsletter section, set up pay subscriptions.
Now you can change the price to whatever you want. I’ll change this from five dollars to seven. I’ll change this from $50 to $70. It’s as simple as that. I can change the founding member if I want to to $175 and click Save.
What I want you to know about this is that the new rates will only affect the people who are signing up from this point forward – AFTER you change the rates. The people who have already signed up for your newsletter and who are already paying a certain amount, their price won’t be increased. They will be grandfathered in at the price they signed up for.
And that is all there really is to it. Very, very simple to do. And very, very helpful. That’s all for this one and I will see you in the next video.