It’s tough being a freelance journalist. Commissions can be few and far between, rates are dropping across the industry, and even when you do secure a paying client, some news organisations are notorious for taking yonks to pay up. Editors hope the piece they’ve commissioned will strike enough of a chord with readers to justify the cost, but if the piece goes viral, the freelancer doesn’t get paid more. In exchange for the freedom to choose their own assignments, freelancers bear most of the risk in the transaction, with little of the reward.
Beacon offers a novel new way to pay the bills — and for all the reasons above, it’s particularly attractive to freelancers. The platform, which launched in August last year, allows individuals to pay $5 a month to support the work of a particular journalist, who’ll then post exclusive articles to Beacon. Supporters also get access to articles written by all the other journalists who use Beacon to fund and spread their work. Most (70%) funds go to the particular journalist the subscriber wants to support; the rest go into a shared pool, to be distributed to journalists on Beacon whose articles are the most read for that month.