I want to write about my own subjective experience with attempting to monetize my talents in photography and writing. It’s something I have wanted to write about for a while but the subject matter intimidated me because it’s not a success story by any stretch of the imagination and while you could argue that my story is still in the process of being written, it’s still hard to come to grips with certain financial realities especially when they are linked specifically to your own passion(s).
An excellent article came out a few days ago called: “The Facebook Illusion” by Ross Douthat, a columnist for The New York Times. It’s an opinion piece about the state of the digital landscape in the wake of Web 2.0 and lofty collective aspirations of finding ways to make “lots and lots of money on the Internet”. One of the segments from Douthat’s article that resonates deeply with my own situation is this:
“As The New Yorker’s John Cassidy pointed out in one of the more perceptive prelaunch pieces, the problem is not that Facebook doesn’t make money. It’s that it doesn’t make that much money, and doesn’t have an obvious way to make that much more of it, because (like so many online concerns) it hasn’t figured out how to effectively monetize its million upon millions of users. The result is a company that’s successful, certainly, but whose balance sheet is much less impressive than its ubiquitous online presence would suggest.
This “huge reach, limited profitability” problem is characteristic of the digital economy as a whole.”—-
Some context is always good; a few years ago, I decided to go back to school to finish up a degree I was unable to finish in my early 20s due to financial limitations…
ENFP, Feminist, Londoner.
Web designer and developer by trade, ethics driven programmer by ambition. Basically I want to dedicate my life to creating tools for social empowerment.
In between all that i grow beards. I croon over London. I play computer games. I watch foreign films and I try to find new music i have never heard before.