What is the Creator Economy, and what are its benefits?

Creator economy refers to the economy in which the audience funds directly content creators/freelancers. Content creators can be musicians, writers, graphic designers, online course providers, and video creators… By following this strategy, they are removing the old middlemen like record labels, TVs, Newspapers, and publishers from in between. Creator Economy

This type of economy has surged thanks to the advent of the Internet. It has provided creators with the ability to promote themselves directly online and reduce promotional costs by foregoing intermediaries. Independent creators stand a better chance of success by being visible to all generations and avoiding agents’ filters.

Creators are now able to promote digitally their craft through different e-commerce and online community-building sites. They can also sell their products such as merchandising directly through their own website and social channels like YouTube, Pinterest, Instagram…as well as fund their projects through crowdfunding sites by following these tips.

If creators are clever enough, they will craft their marketing and sales strategies according to their audience’s tastes and leverage their work by targeting different age groups through generic and/or specialised channels and platforms.

Creator Economy

 

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