Has TikTok improved its revenue share for creators?
Has TikTok improved its revenue share for creators?PLUS: How some publishers are benefiting from Google DiscoverWelcome! I'm Simon Owens and this is my media industry newsletter. If you've received it, then you either subscribed or someone forwarded it to you. If you fit into the latter camp and want to subscribe, then you can click on this handy little button: Let’s jump into it… Quick hitsThe Menopause Queen’s Gambit A Texas-based doctor has grown to millions of followers on social media by creating content geared toward women going through menopause. She's published bestselling books and launched her own supplements company. — NYT How Much Did A Creator With 55,000 Followers Make In A Week On TikTok’s Creator Rewards Program What does the revenue share look like for videos that meet the requirements for TikTok's Creator Rewards Program? "Right now, my revenue per 1,000 qualified views (RPM) is $1.20." An RPM of $1.20 is nowhere close to great, but it's also a lot better than the rate TikTok paid out during its Creator Fund era, when creators would receive payouts of a few dollars for videos that generated millions of views. — Passionfruit Why isn’t anyone covering this? One of the consequences of having such a fragmented media landscape is that people are constantly claiming that important stories aren't receiving coverage when they actually are. Sometimes they even make this claim while linking to a mainstream media article about the issue. — Embedded The food creator who has sold 1 million jars of salt A YouTuber who catapulted into fame after appearing on Top Chef launched his own kitchen product line and has since sold over 1 million jars of fancy cooking salts. His "success here shows how creators are honing their niches and expertise to build a new generation of upstart consumer brands, extending their influence and income offline." — The Information Dude Perfect's new Texas headquarters will also serve as a studio for YouTube creators Dude Perfect, in its efforts to expand from a YouTube channel into a media empire, is building out an 88,000 sq ft production studio in Texas that it'll not only use to film its videos, but also rent out to other production companies. — Business Insider How the Wonder Tools newsletter grew to 39,000 subscribersThere’s this saying that “those who can’t do, teach,” but Jeremy Caplan actually practices what he preaches. By day, he instructs on entrepreneurial journalism at the Craig Newmark Graduate School of Journalism at CUNY, and on his nights and weekends he writes Wonder Tools, a newsletter about the internet’s most useful websites and apps. Jeremy launched Wonder Tools in 2020 and has since grown it to 39,000 subscribers, which is pretty remarkable considering he’s still running it as just a side hustle. In a recent interview, he walked through all the strategies he uses to grow his audience, including how he partnered with Poynter to grow his initial subscriber base, how he collaborates and swaps recommendations with other newsletter writers, how he buys ads on other newsletters, and how speaking gigs at online and in-person events drive signups. You can watch, listen to, or read the interview over here. More quick hitsThe Substack app is now the most powerful growth machine for creators Substack's mobile app is "now the number one source of all subscriptions on the platform." It's outpaced the platform’s Recommendations tool for driving subscriptions. "In the past month, recommendations drove 2 million subscriptions across the platform. The app drove 3 million. While other social media platforms penalize external links, discovery in the Substack app is now generating about the same number of subscriptions as all social media sources combined." Anecdotally, I've noticed Substack Notes getting a ton of engagement. There are now millions of users opening the app to casually browse both shortform and longform content. The platform is driving all sorts of synergistic effects for its creators. — On Substack The Banality of Online Recommendation Culture Have you noticed there are more media outlets than ever that make recommendations for what to do or buy? "This recent surge of human-curated guidance is both a reaction against and an extension of the tyranny of algorithmic recommendations, which in the course of the past decade have taken over our digital platforms." — New Yorker Democratising publishing Ghost, an open source platform that's often touted as an alternative to Substack is generating $7.5 million per year and profitable. It got its initial funding from a 2013 Kickstarter campaign that raised $350,000. It has a full-time team of 30. — John O'Nolan For Reach plc, Google Discover has offset search-driven traffic declines For some publishers, traffic referrals from Google Discover — a personalized content feed that appears on the Chrome mobile homepage — is helping to offset declines in referrals from traditional search results. — Digiday Snap, YouTube highlight strength in subscriptions "Google reported that YouTube’s revenue from ads and subscriptions over the past four quarters crossed $50 billion for the first time, making YouTube bigger than Netflix by revenue." That means YouTube paid out something to the tune of $25 billion to content creators in the last year. That's enough to pay $100,000 to 250,000 creators. And that's just YouTube's own revenue share; most professional creators on the platform diversify their revenue in multiple ways. The Creator Economy is huge and getting bigger. — The Information Please don’t take my newsletter and podcast for grantedI rely on paid subscriptions for the vast majority of my revenue. Without enough paid subscribers, I can’t continue justifying spending 40+ hours a week on my newsletter and podcast, and I’ll need to shut them down so I can seek out other work. Let me put this another way: if you’d be disappointed if I suddenly announced that I’m shutting down my newsletter and podcast — a very real possibility — then you should probably subscribe. Seriously, it’s only $100 for a full year, and if you’re using insights from my content to improve your own business, then that $100 pays for itself. And if you use the link below, you get 20% off for the first year: Invite your friends and earn rewardsIf you enjoy Simon Owens's Media Newsletter, share it with your friends and earn rewards when they subscribe. |
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Wednesday, October 30, 2024
PLUS: What happened to all the feminist blogs of the 2010s? ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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PLUS: Why other media outlets can't create their own Wordle ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
How to market a book in the age of TikTok
Wednesday, October 23, 2024
A 20-year publishing veteran dishes on the strategies that actually sell books. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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PLUS: Are billionaires wasting their money on legacy print newspapers? ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Substack is becoming the subscription layer of the internet
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PLUS: There's an entire cottage industry of social media influencers that specialize in content theft. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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