Threadcast link:
@taskmaster4450/re-leothreads-p3mj4c5d
Link to recording:
https://x.com/i/spaces/1BdGYENWPbMGX
Speakers
DISCLAIMER: The following has been generated by AI (Claude-3.5) based on the publicly available recording of the livestream. Because the content is AI generated it may contain errors, so please keep that in mind when reading. Feel free to suggest corrections and/or add additional information/improvements in the comments. Read more: Introduction post for the AI Summaries project
Subscriptions on Hive: A New Era of Monetization
The latest episode of the Lions Den was revolved around the highly anticipated launch of subscriptions on InLeo. Host Task shared his insights and projections on how this new feature could reshape content creation and monetization on the platform.
Subscriptions: Reaching Beyond the Hive Ecosystem
Task expressed skepticism about the widespread adoption of subscriptions among the current Hive user base, noting that "crypto people suck" and are often more interested in getting things for free rather than building sustainable businesses. However, he believes subscriptions could provide a valuable opportunity for content creators struggling to gain visibility and monetize their work on larger platforms like YouTube, Facebook, and Medium.
"On LEO, you can step in and if you do have a small following elsewhere, this doesn't preclude you from catering to them," Task explained. He suggested that the ability to accept stablecoins like USDC and USDT could help expand the reach of subscriptions beyond the Hive ecosystem.
Leveraging Subscriptions for Engagement and Access
Task highlighted several ways content creators could utilize subscriptions to provide value to their audience, such as:
Behind-the-Scenes Access
Khal has mentioned offering subscribers a behind-the-scenes look at the development of the Leo platform, which could be a valuable perk.
Exclusive Content and Interactions
Subscriptions could grant users access to exclusive content, Q&A sessions, or even direct engagement with the Creator through features like threadcasts (live discussions in the comment section).
Monetizing Expertise and Knowledge
For creators with a strong expertise in a particular subject, subscriptions could allow them to monetize their knowledge and insights, similar to how some online courses or newsletters operate.
The Importance of Reputation and Consistency
Task stressed the importance of building a strong reputation and consistently delivering value to subscribers. He warned that creators who fail to uphold their commitments could quickly earn a "scammer" reputation, which could be detrimental to their entire online presence.
"If you say you're going to do it twice a month or twice a week, do it twice a week," Task advised. "This is what business means. You have to make yourself, you have to position yourself, you have to brand yourself."
Leveraging AI for Subscriptions
Task also discussed the potential synergies between subscriptions and the upcoming LeoAI feature, suggesting that AI-powered tools could enhance the value proposition for subscribers. This could include features like automated content summarization, image generation, or even AI-powered personal assistants that can handle tasks like booking travel arrangements.
The Path to Successful Subscriptions
In closing, Task encouraged threadcast hosts to consider launching their own subscription-based offerings, emphasizing the need to provide genuine value and consistently engage with their audience. He believes that those who can successfully position themselves as experts in their respective niches and deliver exceptional content and experiences will be poised for success in the new era of Hive subscriptions.
