The creator economy is evolving. Although brand deals remain the top revenue source for creators, more and more creators are looking to diversify their revenue models. And more creators than ever are now turning directly to their audiences to generate additional income.
According to data from Emarketer, creator revenues in 2024 from tipping ($160 million), subscriptions ($270 million), and merchandising ($450 million) on social media will each have at least tripled between 2021 and 2024.
A growing trend for boosting revenue is through memberships and subscriptions. Unlike the unpredictability of YouTube ads or brand deals, memberships provide a more reliable and long-term source of income.
Whether you're looking to boost your current revenue or fully dive into the world of membership-based business, let's explore the perks, challenges, and examples of how this model can help you bring in more money to continue doing what you love to do.
A creator membership business is a model where you charge a recurring fee—monthly, quarterly, or annually—for access to a range of benefits such as:
Memberships and subscriptions offer creators a steady, predictable income stream that's less susceptible to algorithm changes or fluctuations in ad revenue. They also provide an opportunity to offer exclusive content and experiences, which helps to strengthen the bond between creators and their fans.
Adriene Mishler's channel focuses on yoga and wellness, attracting over 12 million subscribers. She runs a membership program called "Find What Feels Good," which provides ad-free videos, exclusive classes, and a supportive community for members. This approach has allowed her to create a dedicated space for her followers while generating consistent income.
Lisa and Leo Laporte are the husband-and-wife team behind the podcasting empire TWiT (This Week in Tech). Their various channels offer in-depth news, commentary, tutorials, reviews, and expert insights on the latest trends. Their membership program offers ad-free access to a variety of tech videos and podcasts. Members can enjoy exclusive video feeds, bonus content, and participate in a dedicated Discord community where they can chat with hosts and watch live show productions.
Gaming creator Prince Ohakam launched his channel membership in September 2020 and quickly saw success due to his loyal fanbase. He offers members-only live streams, videos, and the opportunity to play games with him directly. This personal connection has helped him build a strong community around his channel.
Here are a few tips for getting started:
YouTube provides its own native membership program for creators, but it’s important to understand its features and limitations:
Memberful offers deep integration with your website and a straightforward setup. Their platform has it all for every type of creator out there. You can check out the range of ways creators have used their platform here.
Key features include:
Patreon is known for its flexible tiering and robust community tools.
Key features include:
Substack offers all kinds of paid features for creators.
Key features include:
Looking to only sell digital downloads? Check out Sendowl or Gumroad for other solutions.
Each of these platforms offers unique features that cater to different creator needs, from community-building to content monetization. The choice depends on your specific goals, content type, and desired level of control over the membership experience.
Pricing depends on the perceived value of your content and your audience's willingness to pay. YouTube permits a range from $0.99 to $99.99 per month. Many creators start with lower tiers ($4.99-$9.99) and include higher tiers for more exclusive perks. Get to know your audience better to understand what kind of pricing would work for them.
Memberships and subscriptions are a great way for creators to boost their income and strengthen their bond with fans. By offering exclusive content and behind-the-scenes experiences, many creators have turned their most loyal followers into dedicated supporters.
Whether you go with YouTube's built-in membership feature or explore platforms like Memberful, the magic happens when you deliver real value to your members. Stay authentic to your brand, keep the content top-notch, and watch your community thrive.