In the next few years, we'll see more large communities moving off major social platforms where they originated + setting up their own independent properties, with built-in direct monetization models.
This is a fascinating example of the Passion Economy at work. Thread 👇
This is a fascinating example of the Passion Economy at work. Thread 👇
Some notable recent examples:
- Earlier this year, the 800k+ member subreddit Change My View--which promotes discourse around opposing viewpoints--launched its own website with custom features that go beyond Reddit's capabilities
- Earlier this year, the 800k+ member subreddit Change My View--which promotes discourse around opposing viewpoints--launched its own website with custom features that go beyond Reddit's capabilities
- The Woolfer, a FB group for women over 40 with 30K members, moved to a paid app/website. The reason? "This is a volunteer-run organization that has gotten too big, and we can’t sustain it anymore unless we make money"
(h/t @juliey4's great thread )
(h/t @juliey4's great thread )
The themes behind these moves to a dedicated property are:
- Outgrowing existing social platforms and needing additional product features specific to their community
- Lack of monetization options/viable business model for group creators on existing ad-driven social platforms
- Outgrowing existing social platforms and needing additional product features specific to their community
- Lack of monetization options/viable business model for group creators on existing ad-driven social platforms
In addition, various models have de-risked that consumers are willing to pay for curated, high-quality content/community (e.g. Substack, The Wing, etc).
The challenge will be to leverage existing horizontal social platforms for discovery & distribution, while giving a compelling enough value proposition so that power users move to a narrower, premium community.
It's the 1000 True Fans idea in action.
It's the 1000 True Fans idea in action.
What are other examples you've seen of this?
