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The alternative monetization model is usually subscriptions / freemium features. These don't usually work out for social media sites as people are not willing t
by PhoenixReborn 5y ago
The alternative monetization model is usually subscriptions / freemium features. These don't usually work out for social media sites as people are not willing to pay for user generated content, and the main draw is the content itself so freemium features are usually not high-value enough. Thus, the only remaining viable model is ads.
- rognjen 5y agoThat's one of the things I suggest. Copy Patreon. They've shown that users are willing to pay for "user generated content"
- marcinzm 5y agoIsn't that basically Medium?
- rognjen 5y agoAnd Substack. And Reddit has 10x their traffic.
- marcinzm 5y agoReddit has 10x the traffic because it's free.
- rognjen 5y ago(Can't reply to the other comment) > Reddit has 10x the traffic because it's free. Reddit acquired more traffic because it's free, true. But now, they aren't looking to acquire more traffic. They're looking for more revenue. One way to get that revenue is to allow already existing content creators to charge for a part of the content. I think that would not only encourage better content but would bring in other users and generate good revenue.
- marcinzm 5y agoReddit's model is based on unpaid moderators managing most of the site. There's already controversy around a few moderators controlling all the large communities, karma farming and behind the scenes deals. Introducing money into the mix will just result in even more abuse as moderators try to take their own cut. It's a very messy eco-system that money will just make even messier.
- unityByFreedom 5y ago> One way to get that revenue is to allow already existing content creators to charge for a part of the content. Brave can do that for reddit and other social media sites now [1] [1] https://support.brave.com/hc/en-us/articles/360030752872-Which-sites-allow-me-to-tip-individual-users- https://support.brave.com/hc/en-us/articles/360030752872-Whi...
- rognjen 5y ago> moderators I suggest to compensate creators not moderators.
- marcinzm 5y agoIf you think moderators won't take advantage of their position to get a cut of that money then you're living in fantasy land. Or just sell their accounts to others who will do that.
- unityByFreedom 5y agoReddit moderators do not support self-promotion [1]. They won't moderate posts where OP is being paid and they aren't. [1] https://www.reddit.com/r/modnews/comments/6bj5de/state_of_spam/dhn34l7/ https://www.reddit.com/r/modnews/comments/6bj5de/state_of_sp...