Your First $1000 as a Creator |
Read Time: 3 minutes If you are a creator, making you first dollar on the internet is magical. It unlocks something new in your brain. When you create something of value and strangers on the internet give you money for it, it becomes difficult to work a traditional job with a traditional pay check. And that first dollar is great, but what about the first $1000? In Web3, making your first $1000 is not as daunting as it may seem. And while $1000 is not a life changing amount of money, according to Linktree 59% of creators have yet to monetize their work. In this guide I will show you exactly how to make that first $1000 and beyond. If done correctly, you will quickly gain an upper hand over half of the creators participating in the creator economy. Let’s explore three ways to monetize your content, the downside involved, how to get started, and examples from real creators that are making money with these exact strategies. 1. Post on Web3 Social PlatformsThe easiest way to make your first dollar in Web3 is by monetizing your social media content. Traditional social media platforms are driven by advertising. This means the platforms reap all the monetary rewards while users are rewarded with attention, in the forms of likes and retweets. But in Web3, good content is rewarded with micro tips and social tokens, meaning all of the monetary rewards go to users rather than the platform. You can learn more about the new creator economy here. Cons: This adds additional platforms to manage as a creator. But there is a way around this. (read below) How to get started: Sign up for some popular decentralized social platforms such as: I prefer Diamond as everything you post is stored on-chain and getting started is incredibly easy. You can even sync your Twitter account with your Diamond account to automatically cross-post anything from Twitter over to Diamond. This means you can easily monetize your Twitter content in a few clicks of a button. Check out this video to learn more. In just a few posts on Diamond, I have already earned over $150 on the platform. I am confident I will earn over $1000 on Diamond in 2023. 2. Create Digital ProductsAnother way to monetize your work is by creating digital products and selling them as Non-Fungible Tokens (NFTs). You can turn your educational course, artwork, music, writing, or any other digital product into an NFT and sell it to your audience. NFTs not only provide verifiable ownership on the blockchain, but also gives your audience the opportunity to benefit financially from the success of your content. Its a win-win. Cons: You need to first build a following and engaged audience to purchase your products. How to get started: Popular platforms to publish your content include:
Jack Butcher’s recent NFT collection has now done over $75 Million in secondary sales and is a prime example of a successful Web3 digital product.
3. Build a Paid CommunityOnline communities in Web3 are extremely popular and has even led to a new form of community known as a Decentralized Autonomous Organization (DAO). As a creator, building a valuable community is one of the most rewarding things you can do. Creating a place for people with shared interest to interact, learn, and network will pay dividends in the long run. Cons: Building a paid community is no doubt the most challenging of the three options and will take an incredible amount of time and energy to scale and succeed. How to get started: Whether you are looking to create a DAO, or just a token/NFT gated community, there are a number of great options:
Read this guide on how to build a Web3 community. Although it is geared towards Web3 projects, there are some useful nuggets for creators looking to start a community. Some of the most popular communities in the Web3 space include Nouns DAO, LinksDAO, Friends With Benefits, and VeeFriends from Gary Vaynerchuck. All of these communities took different approaches and each one is a great case study to the possibilities of community building. The most important thing is to get started. Chances are a year from now you will wish you started today.
Good luck my friend. Thanks for reading and I will see you next week! |
