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The worldwide population of the creator economy is estimate
to be 200 million, according to a new report by link-in-bio resource Linktree.
article here
The creator economy encapsulates those individuals making
money from selling content on social media, but it doesn’t mean those creators
are taking home millions of dollars.
In fact, Linktree’s report notes that the majority of the
creator economy consists of “semi-pro” creators who have between 1,000 and
10,000 followers.
Linktree says that 70% of creators earn less than 10% of
their income from partnerships with brands. The majority of the 9,500 creators
it surveyed have not engaged in any brand deals at all, and even among those
who do, the majority take home less than $100 per paid post.
In its report, Linktree quoted TikTok creator Kitty Cat
Matt. “The biggest monetization challenge is deciding what opportunities align
with my content standards,” he said. “Money takes a back seat to my long-term
goals.”
Two-thirds of the creators in Linktree’s sample consider
themselves to be “niche creators.” That means they serve viewers who have a
deep interest in a unique subject.
Since niche creators home in on specific topics, it can be
easier for them to negotiate the branded content landscape. According to
Linktree’s report, the nouveau niche are 2% more likely to earn six figures per
year, and they’re 11% more likely to have posted at least one piece of branded
content.
More than a third of the creators it analyzed have only been
making content for a year or less, and among those “beginner creators,” only 6%
have made more than $10,000 from their work. 59% of them haven’t turned on
monetization at all.
“It’s almost as if those up-and-comers could use a
link-in-bio service to help them make money,” as Sam Gutelle of Tubefilter pointedly
observes.
“Only 12% of the full-time creators Linktree studied make
more than $50,000 per year. Maybe that’s why so many of them are burned out —
Linktree stated that 13% of full-timers are ‘extremely/consistently stressed.’
”
Emerging channels like Twitch, OnlyFans, TikTok, and
longtime favorites like Reddit and Snapchat all offer growth opportunities.
Beginner creators are more likely to have their largest communities on these
platforms than experienced creators. For example, 12% of beginner creators
consider TikTok as their biggest platform (vs. 6% of experienced creators); and
16% of beginner creators consider Facebook their biggest platform (vs. 22% of
experienced creators).
Los Angeles-based creator platform Collab provided a
reaction to the “2022 Creator Report” to Tubefilter. “68% of part-time
creators make less than $1,000,” said Collab’s chief strategy officer, Eric
Jacks. “This research underscores how difficult it can be to be a creator, and
just how important it is for creators to find partners, platforms, and services
that streamline monetization opportunities.”
Linktree was set up in 2016 to do just this, acting as a
gateway to other revenue streams that contribute to monthly income and makes
the creators job a little easier.
It’s certainly working. The Melbourne-headquartered company
boasts 24 million users (including celebs Selena Gomez, Noah Beck, and Dwayne
Johnson) and a recent $110 million VC investment valued it at $1.3 billion.
As Tubefilter points out, when Linktree was
founded, its idea was a novel one. It was a company designed to do two things:
put a link in your Instagram bio and jam that link full of information,
audience engagement tools, and merch pages.
Now, the link-in-bio industry is a busy place, with
companies like Pico and Koji integrating hundreds of apps
into a single URL.
Linktree cites “influencer,” “small business,” and “music”
as three specific categories in which it is rapidly acquiring customers. In
total, the firm’s links-in-bio have registered 1.2 billion clicks to
commerce-related websites in the past year.
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