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Hey, thanks for checking out the platform. As I mentioned in the attached article, we actually do have a monetization strategy in place outside of relying on a
by dsir 3y ago
Hey, thanks for checking out the platform.
As I mentioned in the attached article, we actually do have a monetization strategy in place outside of relying on advertisements and VC funding.
We take a cut of each transaction that occurs on the platform to help fund the development. Some examples of such transactions include:
1. Giving communities the ability to offer tiered monthly membership plans. Users will also be able to purchase memberships for other users similar to the system on Twitch. Communities can also chose to gate entire communities behind a membership.
2. We are also adding the ability for users to pay to bump posts and buy comment awards which the revenue is all shared with the community owner.
3. Adding a platform wide subscription fee that would give users some additional benefits however we haven't fully fleshed this out yet.
See this section of the attached article for more on that:
https://sociables.substack.com/i/134540416/monetization-model https://sociables.substack.com/i/134540416/monetization-mode...
- snisarenko 3y agoI think stating explicitly that you will NOT take VC funding at any point in the future is important. Otherwise there is no confidence that your product will stick around
- dsir 3y agoIt's certainly our intention to make the platform work with relying on outside funding as little as possible. Ideally we will be able to get the platform to being profitable without needing much. The economics of our platform start to play out at scale, so it does take some money for us to get there. Ideally if we can land a few larger content creators with communities active in supporting them we will be able to fund a lot of that early development through that
- snisarenko 3y agoI wish you luck. But I don't think this strategy is predictable.
- dsir 3y agoAppreciate the discussion!