I have a question that I have been wanting input on for awhile now and I feel like now is a really good time to get the gears turning on the topic. But before I get into asking the question I feel like I need to explain some things first.
After seeing the fiasco that took place on Youtube recently I have begun thinking about why YouTube is able to get away with doing these kinds of things. People are claiming that this is a form of censorship and that #YouTubeIsDead as a result of this action. Yet it appears to me that even after every single major Youtube channel posted veiled threats that they will leave YouTube if this keeps up I have not really seen much change as whole.
"I'm really going to leave this time YouTube!!!!!! Just you wait!!!"
But then, it occurs to me that there are other options out there for monetizing video content. In fact from what I can tell, most, if not all modern social media channels are now promising a way to profit from the content you provide. Its almost as if they realize they cant compete with the big three so they try to bribe people to their service.
So I made a list of different places that I know exist that allow profit sharing for the content you create.
https://steemit.com/
https://the8app.com/
https://vimeo.com/
http://www.rabadaba.com/
https://www.minds.com/
I am sure that more exist than this but this is still a pretty hefty list already. I know there are others that could technically fit as well such as https://www.patreon.com/ as well but I want to focus on a variety of social media that all offer profit sharing in some way. I am aware that steemit has a more facebook like version of steemit called squeek.
https://github.com/NateBrune/Squeek.io
So my first thought about this topic while looking at this list is that there are scenarios where you can easily double dip in a single skew. A really common way for this to happen is when posting a YouTube video on Steemit with monitization enabled. In this kind of situation you double dip because revenue earned from your blog post coincides with ad revenue from the YouTube video.
But then I started to think about how if I spend time to make a video doesn't it actually increase potential revenue to post that same video in multiple places at the same time?
My first reaction to this idea was that it is probably not going to really make that much of a difference. But imagine if a very large YouTuber with a super big following started to place their videos on as many skews as possible. How would this effect the playing field for each of these companies and corporations? Would they start to feel pressured to offer better deals to obtain market share? Would contracts for exclusivity suddenly be possible?
In an environment with various different monetized social media options, does it make sense to stick with just one or does it make sense to diversify as much as possible?
I will make a video this week where I post it on all of the listed skews at the same time asking this question.