Callum Wanderloots ✨ on Warpcast

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fournier 🎩🔵🦄 pfp

fournier 🎩🔵🦄

any writers with grievances on how to better monetize your craft on here? I have a few ideas curious to hear what others think

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ted (not lasso)

cc @wanderloots.eth @markfishman @rileybeans who all have a good POV here also cc @reidtandy from Paragraph who thinks about this for a living

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Callum Wanderloots ✨ pfp

Callum Wanderloots ✨

@wanderloots.eth

Yes! Many thoughts. Also will tag @danicaswanson and @trigs But in general, we need a better way to accrue value to high intensity work. Eg, a newsletter might take me 20 hours to research and 10-20 hours to write. Having a collect button for a few cents, only to have the post lost in the chaos steam, is not the way. We also need a way for referential rewards. Eg, someone quotes someone else, value should flow back to the original creator. I’ve also heard people suggest pay as you read. Eg maybe it costs $5 to read the whole article, but the payments happen in micro, paragraph by paragraph, automatically. Lots of options, but the key is to compensate the deep thinkers, who currently have to rely on subscription models (which are difficult to manage and time consuming)

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Thanks for the tag. These are *really* hard problems. I think about them every day. Others who may be interested in reading this thread: @abundance @eirrann.eth @y0b @bradq @mrmemes.eth I think philanthropy will play a part in supporting writers long term. I like the "club goods" idea @trigs mentioned, and @matthewb's idea of creators-in-residence (mentioned elsewhere). But philanthropy isn't well developed in crypto yet. More experiments, please! I agree with @markfishman and @rileybeans that the most realistic approach is to monetize something other than the writing. As Leigh Stein wrote: "What work do I have to do to get paid, in order to do the work that pays nothing?" However, that adds additional labor on top of work that's already quite demanding, so it increases the risk of burnout. I'll link a thread below that outlines my thinking on this. @tombeck.eth also wrote a great piece I keep returning to. https://warpcast.com/danicaswanson/0xc294f6a5 https://paragraph.xyz/@driftless/curator-economy

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Monetizing writing is hard! Great ideas in here so far. I really like t2.world's ideas about rewarding attention time. The pay-as-you-read model is interesting. Just riffing on the idea: - fixed fee. Pay daily, weekly, or monthly. - sliding scale. Pay what you can afford. 0 is an option, maybe? With limitations? Maybe ads that "sponsor" the free tier readers? - like t2, time spent reading is tracked so you have data around how much each user has valued different writers. - each pay interval people's collected fees are distributed based on how their reading was distributed among different writers.

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