Is Patreon becoming the next largest revenue generating social media platform?

Every person wants to be heard, to be surrounded by people who love them. Who doesn’t like to be famous right? Facebook, YouTube, and Instagram are known as the largest online platforms that help creators and influencers to have their own unique space and generate revenue through various strategies.

Technology started with just one website launched in the beginning and now there are millions of websites available online to help users in all the ways possible. People and their interests change with time and a variety of companies take this opportunity to engage more users by offering similar services according to the requirements of users.

Patreon- the next largest social media platform to generate revenue

Patreon is a social app that is becoming more popular on daily basis due to its way of hosting content creators, webcomic artists, writers, musicians, podcasters and even adult content creators to be enabled on the platform to receive financial donations from their fans. Patreon is a crowdfunding membership platform that gives various influencers and content creators on the platforms to generate revenue by donations from fans in exchange for the unique content they provide. The fans supporting the creators financially are known as patrons and are also often enabled additional access to content in exchange for their support to creators and influencers on the platform.

Curious to know who is generating the highest revenue with biggest following from patrons?

This crowdfunding app was launched in May 2013 and since that it now boasts more than 130,000 creators with minimum one patron. The creators, comic writers, webcomic artists and so many other influencers on Patreon receive monthly payouts of more than $12.6 million which is a pretty good amount for any social media user. So aren’t you curious to know who receives financial support from most patrons on the platform? Well, according to the rankings displayed by Graphtreon American Political and humor podcast named Chapo Trap House is the creator with the highest number of 30,669 patrons helping financially more than $137,374 per month. The photoblog named Humans of New York has 17 million followers on Facebook and it is considered the second highest creator with 21,227 patrons on the platform.

This chart shows the top creators on Patreon by number of patrons in September 2019
Source: Statista.

Bottom Line

This generation is moving more towards social media platforms as a source of income as compared to the previous generations. Now people try to find new platforms that offer money in exchange for the content the people love to do. we can see that Patreon will be gaining more fame in the coming years due to its unique services to help creators, influencers, bloggers, content writers, etc to generate revenue. So it is not so far that this platform tops all other social media apps and receives billions of users from all over the world.

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