How much do you generate in terms of donations?

2 points by victor_e 4 years ago | 2 comments

I have been toying with the idea of not going down an ad supported route as a business plan. Instead the idea would be to run the site purely off donations.

Ideally the donations would cover one full time dev and the running of the site.

Has anyone been successful with this model? I know Patreon has gotten big over the past while and, of course, Wikipedia gets > $50m in donations.

I think 5,000 paying donators/supporters at 3 USD each would be the minimum to make it viable. Is this crazy to be considering?

ezekg 4 years ago |

I’d imagine that the number of users that actually donate is incredibly low (just look at OSS). So you’d need 5,000 * 100-n active users, where n is the percentage of your user base that would feel compelled to give you money out of the kindness of their heart. Likely unsustainable.

My advice: if you’re starting a business, treat it like a business and charge for whatever it is.

victor_e 4 years ago | |

Yeah that was my thinking too. I was just checking to see if there were any obvious success stories that I was missing.