Tagged With "revenue generating"

Topic

Narrative revenue streams - monetising data

Malkazoid ·
Some folks on Facebook were asking where Narrative will pull in revenue from. The sources I am aware of are: - Ads - Brand channel purchase and renewal fees - Niche purchase and renewal fees - 5% fee on niche purchase price if it is put up for sale by auction by its owner Does the @Narrative Network Team have plans to let users select aspects of their data for monetisation, making it accessible either anonymously or not, to brands and analytics?
Topic

Premium Memberships for Publications

Melanie Mathos ·
Some exciting news over on the blog--Narrative will support premium memberships for Publications when they launch later this year! This will be an option for any Publication, whereby a Publication can charge a recurring fee for access to content within their channel that they classify as “premium.” Check out Ted's post for a full run-down .
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Re: Narrative revenue streams - monetising data

Ted ·
Yes... if users agree to share profile information with advertisers and/or brands then the system will provide a way for them to be compensated, and that revenue would go to the users that share their data.
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Re: Narrative revenue streams - monetising data

Emily Barnett ·
well that is brilliant. #gamechanger
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Re: Narrative revenue streams - monetising data

Michael Farris ·
There's a most interesting Google Survey App. https://play.google.com/store/....paidtasks&hl=en It goes on your phone and asks questions every day or so. Of course, it's connected to your Google Identity so it knows who you are. The interesting part is it tells you after each survey completion what you earned. Amounts like $0.16 or $0.43. It keeps a running total and you can spend "earnings" in the Play store. I like that it explicitly pays you for your data. My takeaway is there is a...
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Re: Narrative revenue streams - monetising data

Emily Barnett ·
what I resent is at parasitic nature of my data. If I have to watch ads for centralized media to make income, then they better not be selling my activity and keeping the money too... it's like they are pimping me out, but forgetting to pay me for the dirty deed. So Narrative slogan should be Control of your content. Control of your data.
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Re: Premium Memberships for Publications

@Trous ·
OH MY YES!
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Re: Premium Memberships for Publications

Emily Barnett ·
Hey @Melanie Mathos @Ted and the rest of the Company team. I really like how you have incorporated a patreon-like model to the Publication section, and for the easing into it with respects to timing. From a member perspective I think it is important that the implementation is slower on this. I think we all stand to benefit from building up our following as consistent quality content-makers before jumping into the publication arena. I also feel that many of us initial investors, will want to...
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Re: Premium Memberships for Publications

Emily Barnett ·
Oh! Question, since it is USD incoming and USD outgoing (no NRVE involved initially), and that 7% already goes to the company, I am safe in assuming there is no other 15% Fiat fees, correct?
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Re: Premium Memberships for Publications

JerrodBelcher ·
What about digital mags? Like flipboard?
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Re: Premium Memberships for Publications

Melanie Mathos ·
Yes, that is correct. And thanks for sharing your thoughts on Publications.
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Re: Premium Memberships for Publications

Melanie Mathos ·
Hey Jerrod! Publications can certainly support a digital magazine as owners can have their own brands, set their own content tone, determine exactly who can post content, and even establish an editorial level of control. What aspect of Flipboard appeals to you most? What type of features would you like to see supported in Narrative Publications?
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Re: Premium Memberships for Publications

JerrodBelcher ·
Wow! Really?! This is so exciting, I like everything about flipboard I been with them for a couple years. I contribute to my mags daily and also can collab with others on my mags as well. I'm a indie music owner of Business Minded Entertainment LLC so music is a major factor in my life lol. I would like to see Narrative and flipboard partner to implement together it would be huge, also to be able to get this in the premium membership is awesome. How would I apply my digital mag to play a...
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Re: Premium Memberships for Publications

Erik Blair ·
I read Ted's article: "Publications are a special type of channel on Narrative that gives their owners control over the content posted within. Unlike Niches , which are public resources that anyone can post to, Publications are more like private property. The Publication owners can have their own brands, set their own content tone, determine exactly who can post content, and even establish an editorial level of control. While Niches are distinct subject silos, Publications are more like...
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Re: Premium Memberships for Publications

JerrodBelcher ·
Good questions, from my understanding I think its going to be different ways for us to make revenue count on this platform.
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Re: Premium Memberships for Publications

Melanie Mathos ·
Very cool! And thanks for helping spread the word via your Narrative Mag! Here are the details on how Publications will work: https://spec.narrative.org/docs/publications
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Re: Premium Memberships for Publications

Melanie Mathos ·
Hey Erik! (For the benefit of those new) Narrative has/will have: Personal Journals Personal Journals offer users a space where only their content can be posted. The content is not moderated and all members can view/comment. Niches Niches are communal subjects that anyone can post to. Each Niche has an owner, who is rewarded based on the overall quality of content in the channel. Publications Publications are special channels designed for companies, personal brands, organizations or...
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Re: Premium Memberships for Publications

JerrodBelcher ·
Thanks @Melanie Mathos
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Re: Premium Memberships for Publications

Erik Blair ·
I sincerely appreciate the information. I read the "spec" on both Publications and Niches, and this is my take: If I wanted to take advantage of a specific Topic to funnel traffic and earn revenue by establishing a strong content stream, I have two options: Niches -- topic/brand specific, very structured, less flexibility for niche owners, sluggishly-long startup process, or Publications -- also topic/brand specific, with less formal structure, more freedom, and control for publication...
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Re: Premium Memberships for Publications

Emily Barnett ·
No need to feel sorry for being new @Erik Blair There is really a lot to digest here. I have been around since the very beginning, so I have the benefit of having a longer learning curve, as well as watching things develop and getting to grasp changing parts, as they get introduced, rather than all at once. I can imagine it is overwhelming just entering this system now. On a different thread I addressed what I understand the differences, and how they don't compete, because they are two...
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Re: Premium Memberships for Publications

Erik Blair ·
Thank you very much for your help @Emily Barnett
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Re: Premium Memberships for Publications

Emily Barnett ·
@Erik Blair I am always still learning about the platform too. Just the other day a member explained something to me, that I had really misunderstood. And it was a really big fundamental part. There is so much new on this platform to digest. really different ways of doing things. I think that is one of the components that has really strengthen the community. I think the smartest thing that Narrative did straight away was put this community board up for us all to discuss things. It has...
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Re: Premium Memberships for Publications

Erik Blair ·
@Emily Barnett one of the biggest lessons I learned today... that there is a doc for everything -- https:// spec. narrative.org/docs/ I asked about this some time ago and was just given an answer. Now I have something to look deeper for answers. All this time I wondered how people know so much and I could not find those same answers Thank you again!
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Re: Narrative revenue streams - monetising data

Aboutcoolscience ·
I hope they will add more revenue streams because I guess right now the main revenue comes from niche purchase and in future renewal but that is not a sustainable way to keep the platform alive..who purchases niches wants to earn more than what they spend so the difference must come from somewhere..I hope this platform will do well but right now I don't clearly see how it can be self-sustaining without relying too much on their users to fund it
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Re: Narrative revenue streams - monetising data

Rosemary ·
Right now, you're not seeing the ads, because we'll need to build up enough traffic to warrant them...but content-targeted ads will be a major component of our revenue in the future. We have also discussed in-app purchases and other revenue streams inside the platform.
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Re: Narrative revenue streams - monetising data

Aboutcoolscience ·
Thank you for your reply, I think this aspect is very important and will determine also how much time and effort users will dedicate to the platform.. effective communication will be crucial especially regarding revenue, if I wanted to look up some stats to get a general idea where we stand I would not know where to look..also the thing about the certification was not well executed..many users never heard of it until after purchasing a niche and I personally got mixed feelings about it and...
Topic

Advertising, Medium, Facebook and the Sea Change that is amongst us.

Emily Barnett ·
Hi All, I know there has been a lot of comparison of Narrative to the platform Medium, both in the elegant format, but also for the quality of content that is on it. Bamm. that is what sold me on Narrative ...well that and that content creators get paid, (although I do think some people get paid on medium too) I was just over there reading articles. I also have spent the last few days watching the Zuckerberg congressional hearings (not just the highlights, the whole thing, phew) and couple...
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Re: Advertising, Medium, Facebook and the Sea Change that is amongst us.

Kyle Kidd ·
I agree it'd be nice to give people the option to see ads or not using paid subscriptions, although I don't think that will be the determining factor of success for a social media platform. The nice thing about Narrative niches is that relevant ads can be shown there without having to collect any personal information on the users viewing it. In my opinion, most people are concerned with their personally identifiable information being (mis)used without their knowledge as well as not being...
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Re: Advertising, Medium, Facebook and the Sea Change that is amongst us.

Emily Barnett ·
@Kyle Kidd I agree that peoples personal data is the most important concern of people. I do think subscriptions could be a profitable thing to get into...but maybe not as much as advertising. Unless it becomes the new expectation set by facebook. I am a big fan of Patreon and so many millennial's are into supporting platforms and favorite content makers. So it might be worth it for the Core Team to look at a two revenue system. Although maybe they did already and didn't find it advantageous.
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Re: Advertising, Medium, Facebook and the Sea Change that is amongst us.

Kyle Kidd ·
@Emily Barnett Good point - I think the current plan is to support content creators based on some kind of voting/tipping, but other models might also work well. I've been thinking of how the team might generate value/revenue for the NRVE token to encourage both users and contributors to hold onto them. One way I've seen it happen is through burning coins as a fee on various transactions within the platform. Taking coins out of circulation would essentially equally distribute that value to...
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Re: Advertising, Medium, Facebook and the Sea Change that is amongst us.

Emily Barnett ·
@Kyle Kidd oh I think the reward system is fantastic as it is....I just mean't that the subscription could be another layer to generate revenue for the content makers. Likewise the additional subscriptions fees would possible need to go through the Core Teams exchange fee for fiat to NRV tokens so it would be a win win for all.
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Re: Advertising, Medium, Facebook and the Sea Change that is amongst us.

MichelleG ·
So, here is my two cents on this, for what it's worth: 1) Something "feeling" free makes it easier to try for new users. 2) Even if an fee for no ads is totally optional and low, it's still a "fee," which is psychologically bad. Just its existence is negative in the beginning. 3) So I'd wait till a substantial user base was built up and maybe even was clamoring for it before adding that feature. 4) To the extent we have information about the current vision for how ad placement might work, it...
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Re: Advertising, Medium, Facebook and the Sea Change that is amongst us.

Jeroenski74 ·
@MichelleG totally agree, social platforms are big because they're initially free, when big enough the ads/fees come, that the model used...until...maybe we should learn from the story shared with us by @Dennis of content creator Joel Spolsky https://www.joelonsoftware.com...-stack-overflow-age/ He tried to solve the problem of a sustainable questions/answers website without ads or fees just by combining demand and supply in this case job listings and software developers. Here you could...
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Re: Advertising, Medium, Facebook and the Sea Change that is amongst us.

Emily Barnett ·
Thank you @MichelleG and @Jeroenski74 very good insights as well. I am sure that the core team hashed all these things out, but social media...well all things internet, are changing at breakneck speed these days. I think it is wise to debate things, and this community so far is such a respectful place to toss ideas up in the air and have so many points of view describe them!
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Re: Advertising, Medium, Facebook and the Sea Change that is amongst us.

Dennis ·
I also like Patreon idea, but then decentralized so that data is secure and owned by the creator. Watch this vid of NEO conference Amsterdam. It is the essence of why we do this. nOS announcement
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Re: Advertising, Medium, Facebook and the Sea Change that is amongst us.

Emily Barnett ·
BAAMM! Well that is inspiring! Thanks for the link @Dennis Thanks for seeing what I see about subscriptions. I do see the previous point made, of attracting people first....but also the flip side to that position, is people don't like mid-stream change either. I believe that in the future advertisements will be only for people who choose not to pay for and ad-free experience... its coming. Like television vs Netflix I think 2019 will see a lot of social media implement tiered advertisement...
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Re: Advertising, Medium, Facebook and the Sea Change that is amongst us.

Whitmal ·
Hi, If I own a niche and the traffic of the niche is high enough to support advertisements will I be a cut of the advertising? Whit
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Re: Advertising, Medium, Facebook and the Sea Change that is amongst us.

Rosemary ·
All of the revenue from advertising (when it comes to Narrative) will go into the rewards pool, to be divided up for everyone (see the pie below)! Let's make a huge pie.
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Re: Advertising, Medium, Facebook and the Sea Change that is amongst us.

Whitmal ·
That is a great model and I’m hoping to be a niche owner soon. Thank you ! On Sun, Apr 15, 2018 at 12:54 PM Narrative Community < [email protected] > wrote:
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Re: Advertising, Medium, Facebook and the Sea Change that is amongst us.

Emad ·
very good project
Topic

Ecosystem revenue

Malkazoid ·
Hello @Narrative Network Team and Community! Quick question about the future. If and when Narrative completes Beta Launch and implements some of the further items on the roadmap (functionality to improve ease of staking, advertising, etc), I see a large portion of the platform's future success as being tied to it becoming an ecosystem - where third parties step in bring a wide-ranging world of commerce to the content sharing model. My question is simple: will company revenue from...
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Re: Ecosystem revenue

Emily Barnett ·
Uh oh "if and when" doesn't sound very confident. I cannot see how Narrative will be sustainable if it doesn't contribute the ad revenues to the reward system, minus the 15% exchange fees that the goes to the organizations creators team.
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Re: Ecosystem revenue

Malkazoid ·
I'm quite confident Beta Launch will happen - but the features that come after beta launch are only vague outlines so I want to remain neutral as to how achievable and effective they will be. I think it is already spelled out that advertising goes into the Rewards Pool, but I'm referring to types of revenue that have not been detailed in the spec, mostly because they involve features that have not been officially announced. I'm casting us into a future where 3rd parties will be creating...
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How to Discover Unique Niche Ideas

MichelleG ·
Some folks have been worrying about the best niches already being taken. This led me to think a little about how to come up unique, profitable niches. Here are my thoughts so far and some googled up links. It seems to me there are at least three objective indicators we can look at to come up with niches most likely to be profitable: Advertising Revenue Potential - For this one idea is to think about how expensive ads generally are for keywords and keyword combinations likely to be used in a...
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Steemit Vs Narrative rewards - user privacy and security

Malkazoid ·
I'm starting this thread because @David Dreezer locked the previous one in which this was being discussed. I don't believe he did so to censor this aspect of the conversation, so here we are in a new thread. @Emily Barnett - the other thread was locked while I was in mid answer to your question about whether Steemit had ever experienced hacking of people's accounts based on their earnings, or instances of violence to obtain their wallet keys. So below, the...
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bright future for Narrative

New Social Media ·
Hello all, I just wanted to say thank you to this great community and the team, I think you are doing great work during these difficult times in the crypto space. I am longterm superbullish in general, but especially when it comes to Narrative. While the team is finishing the Beta, I think it was a great idea from Ted O'Neill to start the advertising campaign with this interview https://www.disruptordaily.com/episode-21-rewriting-how-content-is-distributed-with-blockchain-podcast/ where he...
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Re: How to Discover Unique Niche Ideas

Whitmal ·
This is a very helpful post! Thank you! I am trying to get four niches about topics that I am passionate about. I was considering weight loss and addiction as money flow niches...
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Re: How to Discover Unique Niche Ideas

Joshua Ramento ·
Thank you for the info. This information is very helpful.
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Re: How to Discover Unique Niche Ideas

Emily Barnett ·
Michelle what a great post! I think this will be helpful for years to come. In fact you may just want to expand and turn this into one of your first content posts when we go live. It could just be a continual earner.
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Re: How to Discover Unique Niche Ideas

MichelleG ·
Hey thanks! Good idea. I just might do that.
 
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