NO doubt, the end product of every hustle is to gain fame and fortune. For efficiency, the best precedence to me is fame before fortune
The above is for most young artistes who possibly have no sponsor and/or big box to fund their career, but on the other hand if one who already has the big box seeks fame, what use is content Monetization?
These days, young entertainers tend to sort for bigger financial rewards from their materials. While the immediate statement doesn’t draw a conclusion that it’s a bad thing, it is safe to note that one has to sell out before he/she starts selling.
It is impossible to sell BIG on an empty or better still, a fan base with less loyal fans.
Let’s analyze this;
Scenario 1: An artiste with 500k fans puts his content up on sale for #100 per download.
Analysis: Of course the entire 500k fans wouldn’t make purchases because some love free stuffs, some don’t how to, others just don’t want to. So let’s say half (250k) of his/her fans made purchases of #100. The revenue obtained by the sales is 250000×100 = 25000000. That’s 25 million Naira. Good cash right?
Scenario 2: An artiste with 500 fans puts his song on sale for 100.
Analysis: As usual not all will purchase due to the aforementioned factors. So let’s say half (250) of his or her fans purchased. That’s 250×100 = 25000, twenty five thousand naira. Now tell me, can 25k run good promo for the artiste?
Bottom line: It’s wise for every aspiring superstar artiste to seek fame/popularity before fortune, before the thought of generating funds from one’s creative works. The preferred precedence remains fame before fortune, of course fame begat fortune.
I hope you read this article and refine your thoughts on the subject matter. God bless you as you do so.
Disclaimer: This article doesn’t in any way infringe on the business of content Monetization, a the subject suggests it’s the writer’s perspective of the subject matter.