2 ms·
>People are willing to pay for things they value No, they overwhelmingly are not. When given the opportunity to not pay, and do so anonymously (no social shame
by Workaccount2 1y ago
>People are willing to pay for things they value
No, they overwhelmingly are not. When given the opportunity to not pay, and do so anonymously (no social shame), the actual pay rates drop to the 1-5% range.
This is a clear trend from thousands of creators who give simple payment options to those who wish to support them directly. The conversion rates from "ad-supported (but blocked)" to "paying member" are usually around 5% of the active audience.
The numbers are atrocious despite the deafening virtue signalling of comment sections ("I always pay creators to support them!")
- regentbowerbird 1y agoYou just assert "no" to my suggestion that people don't pay for these things because they just don't value them enough to pay for them, which doesn't really move the conversation forward. There's loadsa stuff more important in life than youtube videos so it's unsurprising the conversion rate is low.
- Workaccount2 1y agoMy point is that the value prop breaks when people can shamelessly be dishonest. If people actually didn't value the content, they wouldn't devote their time to it. I don't know anyone who regularly devotes hours a day to something they get zero value from...