Let me just say that I'm well aware nobody gets into webfiction (if they have any sense) looking to strike it rich, and most of us would be wise not to bank on ever making a living at this. That said, a little extra income would be nice, especially as I, for one, do hope to earn a living with my writing one day. I'm just wondering at what point a person should start.
I'm at a place right now where I feel a discomfort at the thought of putting up a donation button on my site--which is pretty much my only monetization option at present, as I have nothing to sell. The Gods are Bastards has been updating for about two months now, and is 22 chapters and about 110,000 words of material; young and fairly small as serials go. Its listing has only been posted here on WFG for the last few days, and I'm getting about 100 readers a day so far. Basically, I'm pretty pleased with things as they are, but it's still an early stage. The thing is, I realize there is no magic cutting-off point where it suddenly starts being okay to ask your readers for financial support. The block is, of course, in my head, so I'm really just asking more experienced--or heck, less experienced, I'm interested in anyone's opinion--authors what they think on the matter.
Is there a sign that it's time to put up a donation button? Is it presumptuous to try it too early? What other avenues exist to make a little income off your writing?
Inquiring minds want to know!