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If you don't take any fee from the tip, how does your product intend to make money? Just curious.
by LukeB_UK 12y ago
If you don't take any fee from the tip, how does your product intend to make money? Just curious.
- jwomers 12y agoGood question. For now we're just trying to make a product that both fans and artists are excited about and will use - a product we'd want to use. And since our initial product is tipping, we're committed to never taking a fee on these transactions. In the future, we may build-out a premium artist account, allowing them to get analytics around what is being Cheered, and built a platform for them to engage with and grow their fanbase. Additionally, while tipping will always be free, we could turn on product commerce where we may take a small fee.
- LukeB_UK 12y agoThanks for the insight! Always cool to see others product ideas and their approaches. Hope it works out for you!