My calculation for V4V setting is the following: A good podcast should reach an audience of at least 1000 people. To cover basic costs 500000 sats should be ok. So 500 sats for an one hour podcast is a good estimation. The problem for the podcaster is to get to 1000 listeners and convince them all to value the work with this modest amount. I'm convinced the second is the harder issue. If you get to 10000 or more listeners one day you'll be well paid.
Let's talk about value4value. I listen to and get value from many podcasts. I'm ruthless and stop listening if they are boring. So when I listen, they are valuable to me. And it does not always mean mind-blowing tech stuff, it can be people who get high and play music.
We have this space age technology where we can stream money, directly to producers of content we value.
And then we send them two cents. I have produced more than a hundred episodes. Many of them have changed lives, literally. My total earn from all value4value was around 35$ - streamed sats and boosts. I don't have sponsors, even though I sometimes promote my own projects. Just the cost to produce one of these is 200$ or more (at least in my time, sometimes I rent a room / studio, although I'm pretty DIY). The cameras and microphones are not free either. Neither is server hosting (I self host, no cloud services, I run my own node).
I am not complaining though. I'm part of the problem. I did not change the default in the app - 10 sats per minute is ridiculous.
I changed my setting to 200 sats per minute to start with. 7 dollars per hour makes sense to me. It's cheaper than the tip I leave for a dinner. But if you have a few listeners that set it up, it might even pay for the production cost.
Your situation might be different. But let's use this space age technology for real, not as a proof of concept to send pennies.
Thanks to nostr:nprofile1qqsy6j4hxl30hdd0pl2epd9harr0uakn5q4f0y000ldv7cqlneg04kqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz8thwden5te0dehhxarj9e3hjurgv4e8qatwdvh8gmmyv9uj7qghwaehxw309ahx7um5wghxy6t5wp6ku6ewvekj7su0fdq for making me see this clearly.
Repost if you do the same. You don't have to do 200 sats/min. Do whatever feels right. It's probably not the default.
#v4v #value4value #podcasting2.0
Discussion
you’ll be lucky to get 5% of your audience to support you financially.
value4value.info
I don't want "financial support". I'm providing a valuable service.
It works for me. It would not work if v4v of my podcast was my income.
But there's no point in complaining. It's just an observation that changed my behavior as a consumer. I don't expect anyone else's behavior to change.
I had just not been using it right.
For me this is not a good way to look at it.
As a listener, if the podcast is valuable to me, I don't care if it has 10 listeners or 10000. Maybe what makes it valuable for me makes it useless for others. The idea for v4v is to reward the value, not to think about the cost.
It's the same with how I do pricing. I don't look at my costs. I look at the value I create. Cost of production as the basis of value is a marxist fallacy.
For example my podcast has probably less than 1000 listeners and I want to keep it that way. I can serve my listeners extremely well. There's no need to push it further. I just need to make sure they realize they're getting something more than if they played a mainstream podcast that is not perfect for them.
I think the only thing that should go to your calculation about sats per minute and especially boosts is what value you receive from the podcast. Their costs and other listeners don't matter.
Who are we convincing and why? Why do I need to convince someone that this thing we made is of value?
That is not a problem, but people rarely reward the value they get unless you ask them to.
So that part is important, even the good v4v talks I've seen were about how to ask.
If you don't ask, you will get very little if anything at all, even if the people perceive it as valuable.