Making the work
Growing an audience
Running the business
beehiiv runs sending, paid subscriptions and growth tools from one free plan that covers up to 2,500 subscribers. Ghost has no free tier at all: Starter is $15 a month billed yearly at 1,000 members, and paid subscriptions do not arrive until Publisher at $29 a month. Both take no cut of subscription revenue beyond payment processing. beehiiv gets a paid newsletter started for free. Ghost trades that for full ownership of the platform, including the option to self-host.
Newsletters with paid subscriptions and referrals
Publishing and paid subscriptions, open source
beehiiv | Ghost | |
|---|---|---|
| Starting price (they differ) | From $49 | From $15 |
| Pricing model (they differ) | Free plan, paid tiers | Paid subscription |
| Free tier (they differ) | Yes | No |
| Billing | Monthly or annual | Monthly or annual |
| Free trial | None | Not stated |
| API | Yes |
Newsletters with paid subscriptions and referrals
beehiiv handles sending, paid subscriptions, a referral program and a basic website, which covers most of what someone writing a weekly letter actually needs. It was built by people who ran Morning Brew, and it shows in the growth tooling. Automation is thinner than a dedicated email platform.
Our note
If you are starting a newsletter you intend to charge for, start here. The free tier goes further than it looks, the growth tools are the reason people stay, and the export is clean if you decide to leave.
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Publishing and paid subscriptions, open source
Ghost is what a writer picks who wants Substack's economics without Substack's cut, and it takes nothing from subscription revenue beyond the hosting fee. The editor is quiet and fast, and the whole thing is open source, so a technical creator can host it themselves for the cost of a server. Doing that means you are the support team.
beehiiv is for a newsletter that wants to charge subscribers immediately without paying anything up front. The free plan already includes paid subscriptions to 2,500 subscribers, with Stripe's standard processing the only cost on top, and Scale at $49 a month adds referrals and boosts once the list is growing. Automation stays thinner than a dedicated email tool, which is the trade for the growth features.
Ghost is for a writer who has done the arithmetic on giving up 10 percent to Substack and wants to own the platform instead, including the option to self-host the open-source version on a rented server. There is no free tier, and paid subscriptions specifically sit on Publisher at $29 a month rather than the $15 Starter plan, so a paid newsletter costs more to start here than on beehiiv. What it buys is full control of the theme from Publisher up, and a platform that takes nothing beyond the hosting fee at any tier.
Ratings are the average of reviews readers left. The facts are stated by each tool’s own listing and are not verified by CloutStack. How we make money.
| Not stated |
| Data export | Everything, in an open format | Not stated |
|---|
| Their cut | None | None |
|---|
| Runs on | Not stated | Web |
|---|
| Covers | Newsletter & Email, Monetization & Payments | Website Builders, Memberships & Subscriptions, Newsletter & Email |
|---|
| Works with | Substack | Substack |
|---|
| Founded | Not listed | Not listed |
|---|
| Reader rating | No reviews yet | No reviews yet |
|---|
| Live deals | None right now | None right now |
|---|
Shaded rows are where the two answers disagree and both listings have answered. A row where one side has not stated a fact is left plain, because silence is not a difference.
Our note
Against Substack the maths is simple: Ghost costs a fixed fee and Substack costs 10 percent of everything, so Ghost wins above roughly $300 a month in subscriptions and loses below it. What Substack sells that Ghost cannot is the network that finds you readers.
Only on this side