Patreon will now give creators cash advances on their subscription money – #patreon #capital #creators #advances #subscription #money | #RoadmapforSuccess
February 18, 2020 No Comments Technology Adam E. Williams
2019 VidConPhoto by Jerod Harris / Getty Images

Patreon, the site creators love because it helps them make money off their work, has started a program called Patreon Capital, which grants micro-loans to creators. It’s essentially a cash advance: you get money now in exchange for some of your future earnings plus a small premium. It’s different from Patreon’s usual business — which is enabling direct subscriptions to people whose work you like, then taking a cut off the top — but it will diversify the company’s revenue, which should make Patreon a more sustainable business.

As Nick Quah’s newsletter Hot Pod reports:

[G]iven their history and positioning as a creator support platform, Patreon believes they’re in a better position than banks to provide creators with the business support…

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About The Author
Adam E. Williams Account Manager with 20 years experience in Information Technology, Logistics, and Games Industries. Client-centric professional compelled to achieve greater win-win successes through focused solution sales. Striving to attain broader knowledge for greater achievements through continuous learning. Enthusiastic about providing proven customer service, sales, and communication to foster strong business relationships for mutual growth and benefit. I would love to share how my Sales, Business Development, Operations and Account Management experience and education can be a key asset to the success of your team or project. I have enjoyed a varied career over that time, which has given me a unique perspective and insight into business. More so, as an entrepreneur in the past, I have learned some powerful lessons on what to do to succeed as well as what not to do. I am a proven producer with a track record of increasing success and I have found that my success comes from continuous learning with a focus on the Pillars of Integrity, Creativity, and Perseverance. Let me bring that to bear for you in your project or team!

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