you have to think of experts as revenue generators instead of cost centers. By involving experts, you increase the conversion rate, which decreases customer acquisition cost. Customers pay for half of their compensation [through tips], and the return rate is about 1%, which is about an order of magnitude lower than competitors in the industry, so t... See more
Jack’s most lucrative channel for monetization has been through a digital marketing consultancy with a focus on TikTok creator brand deals that reached out to Jack cold. The main issue with this form of monetization is that as a creator you have to disclose when a video is an ad, which precludes the video from making it onto the ‘For You’ Page, Tik... See more
If we study traditional status mechanisms in society, just generally, it’s always the case that someone is always going to create something even more scarce to differentiate.