4 ms·
I gave this a second thought and underwent a thought experiment: Let's consider 2 possible alternative scenarios: I) 80% of creators are making 20% of the mon
by jdthedisciple 4y ago
I gave this a second thought and underwent a thought experiment:
Let's consider 2 possible alternative scenarios:
I) 80% of creators are making 20% of the money, but the other 20% are rather successful, making 80% of the money. Thus, if you are at least among the top 20%, you will make, on average, per year, about
(0.8747.716.634 / 0.2130.103 / 11 * 0.9 = $1880,87
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II) 80% of creators are actually idle, making 0% of the money. All of it goes to the 20% of active creators. Thus, each of them would be making, on average, per year, about
$1880,87 / 0.8 = $2351,09
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Maybe these scenarios are closer to reality for actual creators on the platform. But even then, it's not amazing sums for a whole year. For some, it wouldn't even cover a single monthly rent. Then again, for others this might be enough to cover several of months of living costs.
- jdthedisciple 4y agoI forgot to mention that the reason I use 80/20 is because of the famous Pareto Principle [0] which interestingly shows up over and over again in all kinds of human systems, thus making for a reasonable assumption in such analyses. [0] https://en.wikipedia.org/wiki/Pareto_principle https://en.wikipedia.org/wiki/Pareto_principle