What is Letterdrop.com?

A new Ghost.org alternative for writers who want to monetize their newsletter through getting paid subscribers.

When everybody talks about the newsletter and subscription-based business models, everyday new writing and newsletter hosting platform, that offer better features, introducing on the Internet. When I first discovered Ghost, which I have reviewed here: Ghost Blogging platform review, I never thought there would be a better platform than it to host my content, but now I do.

I might write a comparison between Letterdrop.com Vs. Ghost complete review but now let understand what Letterdrop.com and some of the fantastic features are.

The Two tiers subscription of Letterdrop.com:

Letterdrop is free to join and use, but it has some limitations for the number of subscribers. It is more like how the Mailchimp business model works. They are free but to some extent, and if you choose to pay, they will add more features and move the number of subscribers.

1. The Free tier: In this case, you can get a sub-domain. If you ever used Substack, you might know about sub-domain. However, you will be charged a 5% transaction fee for every paid membership in your free tier.
2. The paid tiers: There are different paid tiers like $10/month for hobbyist writers and $49/month for side-hustle. Don’t go for the $49/month package unless you make thousands of dollars in paid subscriptions. With this package, you can add your custom domain to your publication.

Silent Features of Letterdrop.com:

Following are some of the features of Leterdrop that make it different from other platforms.

1. Aesthetic writing: The Editor is great to write stories and gives you an aesthetic feeling. They also have a range of themes. And you could choose a theme that gets you good readability.
2. Different ways to monetize your content: On all the newsletter creating platforms, you can monetize your newsletter through getting paying subscribers, but Letterdrop has one advantage; it gives you a fully built-in platform for running sponsorship, and also companies could reach out to you to hire you as a writer.
3. Advance features like AI-generated Audio, advanced analytics, and much more: If you go for the advance plans, they give you features like AI-generated audio of your articles. The advanced analytics feature is available to everyone.
4. Integration for automation: In Letterdrop, they have different integration that could help you automate functions like sharing your posts or letters on social media, adding a comment box, and doing more fun things.
5. They have a referral program: For paying creators, they have a referral program with a limit; you can join and refer up to 1000 subscribers.

Drawbacks of Letterdrop:

• Charging you a transaction fee even if you are a paying creator: On Substack, they charge a 10% transaction fee. In Ghost, they have a 0% transaction fee, but you have to pay a yearly fee, as creators can do in Letterdrop. But, letterdrop is different. They charge you a 5% transaction fee even if you are paying them $120 a year.
• Slow Speed: I was browsing some of the newsletters hosted on Letterdrop, and they were either loading prolonged, and in some cases, the image was taking longer to load. Having slow server speed is a massive turn-off for me.

An ideal platform that Letterdrop should be compared to is Ghost.org. Letterdrop gives you a full-pledge feature to run sponsorship and help you track the conversations and other vital metrics, making it a very different platform compared to the one already in the market.

Also read:

• Substack writing: How to make money writing on Substack?

• Is Substack worth it? A Substack review

• How to make money with newsletter? 5 Ways to make money with a Newsletter