Like all apps and services, v2 will eventually need to generate some sort of revenue. Whether it is to keep the service afloat, get potential investors interested, or of course, to make money. However, striking a balance between a user-focused community and revenue streams is difficult. Mistakes are made consistently by almost every social media company that end up putting brands before users.
Ads are obtrusive and annoying, and are becoming less and less successful. Subscriptions are unlikely to work in this scenario to the extent that they would need to. Sponsorships could work for creators, but v2 wouldn’t be getting anything out of them. v2 could however, connect sponsors to influencers and artists and be the middleman - however this is unlikely to generate enough revenue, especially in the first year or so. Of course, there are many other ways, but few are capable of keeping a service likeable. So how can v2 stay community focused while also creating revenue and hopefully, turning a profit. Let’s discuss!!!