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Crypto influencers, like traditional influencers, make a living from their accounts.
Here are 5 ways these digital rockstars might be making money off of you, the good and the bad side + how to protect yourself.
Here are 5 ways these digital rockstars might be making money off of you, the good and the bad side + how to protect yourself.
~ Incentives attitude ~
When you look at an account, ask yourself:
“Why is he doing it?”
This will help you to avoid becoming sacrificial exit liquidity.
Let’s therefore analyze the most common type of business.
When you look at an account, ask yourself:
“Why is he doing it?”
This will help you to avoid becoming sacrificial exit liquidity.
Let’s therefore analyze the most common type of business.
1. Sponsorships
Companies want exposure and attention.
They know that people follow influencers.
The bigger the account, the bigger the potential monetary requests:
• Dedicated reviews
• Public shills
• Livestream mentions
There is a price to pay for these services.
Companies want exposure and attention.
They know that people follow influencers.
The bigger the account, the bigger the potential monetary requests:
• Dedicated reviews
• Public shills
• Livestream mentions
There is a price to pay for these services.
2. Affiliate programs
To incentivize the use of a platform or the purchase of a product, they get a % on each completed sale:
• Hardware wallets
• Referral platform links
• Softwares
The more people you bring, the more revenue you'll make.
Snowball effect.
To incentivize the use of a platform or the purchase of a product, they get a % on each completed sale:
• Hardware wallets
• Referral platform links
• Softwares
The more people you bring, the more revenue you'll make.
Snowball effect.
3. Premium resources
They share free information, but there might be additional secret info that they share privately for money.
These are premium resources.
Might be worth it, or might not, that depends on the will/skillset of the influencer.
They share free information, but there might be additional secret info that they share privately for money.
These are premium resources.
Might be worth it, or might not, that depends on the will/skillset of the influencer.
~ Related examples ~
• Courses (Trading/Investing)
• Private groups (Telegram/Discord)
• One on-one consultation
• Extra content (Substack/Platforms subscriptions)
Influencers make the most money by selling products rather than investing.
Here’s more:
• Courses (Trading/Investing)
• Private groups (Telegram/Discord)
• One on-one consultation
• Extra content (Substack/Platforms subscriptions)
Influencers make the most money by selling products rather than investing.
Here’s more:
4. Secret deals
Protocols, especially small ones, need influencers for promoting themselves.
In exchange for exposure, they offer tokens at a very low price.
When the token is listed on a new exchange, influencers dump their holdings on retailers.
Cursed path.
Protocols, especially small ones, need influencers for promoting themselves.
In exchange for exposure, they offer tokens at a very low price.
When the token is listed on a new exchange, influencers dump their holdings on retailers.
Cursed path.
5. Crypto products
Some guys launch their own products:
• NFT collection
• Tokens
• Protocols
The benefit of launching this kind of product is that you have FAST potential distribution.
It's like Apple launching a new product.
People buy because of Apple, not the product.
Some guys launch their own products:
• NFT collection
• Tokens
• Protocols
The benefit of launching this kind of product is that you have FAST potential distribution.
It's like Apple launching a new product.
People buy because of Apple, not the product.
~ The bad side ~
Some influencers might decide to embrace the quick and bad side:
• Undisclosed promotions
Protocol pays cash or tokens to be promoted ➩ influencer speaks about endless benefits of it without disclosing it was a paid promo.
Hidden deals.
Some influencers might decide to embrace the quick and bad side:
• Undisclosed promotions
Protocol pays cash or tokens to be promoted ➩ influencer speaks about endless benefits of it without disclosing it was a paid promo.
Hidden deals.
• Pump & Dump
Influencers agree to buy a low market cap token ➩ they promote on their accounts ➩ people rush into buying this new “El Dorado” ➩ price jumps ➩ influencers dump all the tokens and price tanks.
Investors become bag holders.
Influencers agree to buy a low market cap token ➩ they promote on their accounts ➩ people rush into buying this new “El Dorado” ➩ price jumps ➩ influencers dump all the tokens and price tanks.
Investors become bag holders.
~ Renewing trust ~
“It takes 20 years to build a reputation and five minutes to ruin it”
Someone could initially be a good player and evolve into a bad one for a huge money proposal.
Trust might be renewed over time.
Pay attention to influencers move.
“It takes 20 years to build a reputation and five minutes to ruin it”
Someone could initially be a good player and evolve into a bad one for a huge money proposal.
Trust might be renewed over time.
Pay attention to influencers move.
~ The good side ~
Creating content takes a lot of hours:
• Designing
• Writing
• Rectifying
• Being helpful
It's like a second job, and it should be rewarded if the content is actually good.
Elon is working on supporting creators
Creating content takes a lot of hours:
• Designing
• Writing
• Rectifying
• Being helpful
It's like a second job, and it should be rewarded if the content is actually good.
Elon is working on supporting creators
https://twitter.com/elonmusk/status/1667314848856948736?s=46&t=zQsEQ04Vv_i__FW0dMS9qQ
The contents you're reading are the fruit of past experiences.
You’re getting an accelerated course.
Support your favorite creators by leaving a like and a retweet.
It costs nothing and you'll help to create more.
@NFT_GOD explanation is gold.
You’re getting an accelerated course.
Support your favorite creators by leaving a like and a retweet.
It costs nothing and you'll help to create more.
@NFT_GOD explanation is gold.
https://twitter.com/nft_god/status/1668218859189420035?s=52&t=zQsEQ04Vv_i__FW0dMS9qQ
~ My advice for influencers/creators ~
• Be transparent
• Disclose everything
• There are business models that don't involve your follower's sacrifice
• Build for the long term, not the short period
Creating a positive impact on the industry will be more rewarding.
• Be transparent
• Disclose everything
• There are business models that don't involve your follower's sacrifice
• Build for the long term, not the short period
Creating a positive impact on the industry will be more rewarding.
~ How does Zero monetize? ~
Since I started this account I never monetized anything:
• Never made a paid promotion
• Never shilled any token
• Never dumped on my followers
My followers are people like me, and I like to treat them as a family, not as cows to milk.
Since I started this account I never monetized anything:
• Never made a paid promotion
• Never shilled any token
• Never dumped on my followers
My followers are people like me, and I like to treat them as a family, not as cows to milk.
Therefore, I'm launching an honest way to profit from my passion: “The Dojo”
A premium newsletter with an affordable price (2 beers) to everyone with:
• Trading lessons
• Analysis
• Mindset
• Altcoins reviews
What I believe and hope can 10x an investor journey.
A premium newsletter with an affordable price (2 beers) to everyone with:
• Trading lessons
• Analysis
• Mindset
• Altcoins reviews
What I believe and hope can 10x an investor journey.
This is a way where everyone wins:
• Me as a creator
• Followers as investors
Everything I learned during my 6 years of crypto to the service of the people.
No unrealistic costs, no scams, nothing.
Only knowledge and transparency.
I want to leave my footprint on the space.
• Me as a creator
• Followers as investors
Everything I learned during my 6 years of crypto to the service of the people.
No unrealistic costs, no scams, nothing.
Only knowledge and transparency.
I want to leave my footprint on the space.
~ Final takeaways ~
• Never blindly trust influencers: “Why are they making it?”
• Influencers can promote a token, but it's up to you to invest.
Take responsibility.
• VIP groups are particular: back in the past I bought $450 for a course.
They blocked me ➩ scam
• Never blindly trust influencers: “Why are they making it?”
• Influencers can promote a token, but it's up to you to invest.
Take responsibility.
• VIP groups are particular: back in the past I bought $450 for a course.
They blocked me ➩ scam
• 100x/1000x callers are marketers: they make you believe they know the “Holy Grail” of investing.
• Accounts that speak with absolute certainty probably don’t know anything.
Always be skeptical.
• Engagement farming doesn't work.
Always be careful of who you follow.
• Accounts that speak with absolute certainty probably don’t know anything.
Always be skeptical.
• Engagement farming doesn't work.
Always be careful of who you follow.
That's it!
• If you liked this thread, follow me @IamZeroIka for more crypto insights.
• Like and RT the first tweet to support my work!✌️
• If you want to have access to deeper guides and info, subscribe to my FREE newsletter! (link in bio)
• If you liked this thread, follow me @IamZeroIka for more crypto insights.
• Like and RT the first tweet to support my work!✌️
• If you want to have access to deeper guides and info, subscribe to my FREE newsletter! (link in bio)
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