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"Once you get people used to free, it's hard to start charging money" You can leave your core offering free/ad-encumbered, but add additional services (ideally
by id_21150930 7y ago
"Once you get people used to free, it's hard to start charging money"
You can leave your core offering free/ad-encumbered, but add additional services (ideally, replicate your complements)
For example, YouTube started off as free / ad sponsored, but look at the incredible revenue streams they have added:
• Patreon-like subscription model
• Merch integration with spring-tee
• Music / Premium / TV subscription <--- this is most likely the largest revenue stream after ads.
Now Reddit could be similar by adding:
• Paid feeds for sexual content (r/sexsells), trading, crypto, art, etc.
• Sponsored "TV mode" streams for major news / sports outlets
• Verified status subscription?
• Ability to post longer, Reddit hosted, videos behind a paywall with a preview.
I'm just spitballing ideas which certainly have their complexities and challenges, but free user-generated content is a great way to acquire users for fractions of a penny.
That userbase is reddit's competitive advantage when building any number of additional services.