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Kestrel Caim | PNR + Romantasy's avatar

I suspect monetization on Substack depends heavily on genre. I’ve actively looked for serialized fiction stacks carrying a “bestseller” badge and, so far, I haven’t found any. Despite positioning itself as a platform for writers, Substack doesn’t seem especially well-suited to serialized fiction.

I think there are a few reasons for this, some of which are related to user behavior and not Substack per se: The serialized format asks for sustained emotional investment over long gaps. When readers have to wait a week or two between chapters, momentum fractures. Character attachment weakens. And in practice, serialized fiction on Substack ends up competing directly with Kindle Unlimited, which offers immediate access, binge reading, and complete story arcs on demand. In a market conditioned for instant gratification, that’s a hard hill to climb.

For that reason, I plan to stop publishing serialized fiction here once my current serial concludes. Stories that would have been new serials will become books instead, where the format better supports immersion and long-form payoff. On this platform, I'm instead leaning into essays, short stories, poems, and one-shot letters that build relationships with my readers.

What does appear to perform well on Substack’s fiction bestseller lists are two very specific categories: erotica and “how to write fiction” stacks. The few fiction-forward exceptions I’ve seen tend to publish standalone short stories in the 2K–5K word range, which aligns better with Substack’s newsletter rhythm and reader expectations.

Based on my own admittedly informal trend analysis, fiction stacks—particularly serialized ones—aren’t optimally positioned to thrive on Substack as a primary monetization channel. That doesn’t mean they lack artistic value or audience interest, but the platform’s strengths seem to favor immediacy, insight, and completion over long-form narrative continuity.

श्रीraj's avatar

I love this. But I must confess. I have been asking. I asked creatively. I asked to tip my coffee jar. I asked implicitly. I asked nicely. I asked when I wrote something that substantiated my worthiness to ask. I have been asking but it hasn't panned out. I do have paid subscribers but they converted when I offered my support, my assistance, my unconditional help. But of late, even that isn't working. I blame substack but I am also looking at me. I am overanalyzing. I am repurposing my offerings. I am trying new things.

All this to say I that I have failed at asking. I loved your post because it reasserts the positivity in asking. So I will continue to ask. I will learn to ask better. Thanks for your thoughts.

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