stepping down from his role as CTO of Tumblr to focus on the product more. And now he’s wasting little time trying to come up with some ways to make money and extend his creation.

Today, Instapaper rolled out an early beta test of a new Subscriptions service. What is it? It’s a way to pay a subscription fee of $1 a month to the service. Actually, it’s technically $3 for 3 months, because PayPal takes a minimum of $0.30 for each transaction, so Arment needed to make the payment scale make sense financially.

So what do you get for the $1 a month? Right now, not much. Arment is the first to admit that. From the page:

What are the benefits?

Right now? Almost nothing, except knowing that you are supporting the Instapaper service’s operation and future feature development.

Subscribers are given the option to hide Instapaper’s advertisements. This option appears in Account.

Some future features may be Subscriber-only, but please don’t buy a Subscription solely because you expect these exclusive features to be mind-blowing. They might be, depending on how easily your mind is blown, but I’d feel better if you bought the Subscription because you wanted to support Instapaper.

To me, the idea of supporting Instapaper to ensure that it can continue to grow is enough to entice me to pay. For others, perhaps some newer features down the line will. Arment clearly is doing okay from app and ad sales, as he told us last month that the service has actually be profitable every month for the last two years. That’s most than most startups can say, but there’s obviously also a big difference between doing okay and making a solid living.

If there were a few advanced features, I’d gladly pay upwards of $5 a month for Instapaper. One thing I’d love is the ability to make short notations about articles, unlimited archives, and, of course, search. I have no doubt Arment is thinking about these things, but he also likely wants to maintain the elegant simplicity of Instapaper, and avoid bloat.

Notably, Arment promises that “Almost all of Instapaper’s features will continue to be available to non-Subscribers.”

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Authors: MG Siegler

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