Let me tell you something about the Internet. It’s a protocol which means it’s a set of rules and regulations that determine how we transmit data in telecommunications and computer networking. In other words, the internet is a communications platform. We can communicate through blogs, podcasts, and video blogs.
The Internet is also digital real estate which is up for grabs. You can either build applications that many people will use, or you can participate in those platforms and gain as much attention as possible.
Attention is the asset in digital real estate. The question is what you can do with that attention? Social media is about managing the attention and monetising it. The easiest way to monetise is using applications based on the blockchain. They have built-in incentive systems using cryptocurrencies. You can convert the cryptocurrency into fiat currency on many of the cryptocurrency exchanges out there.
Think about how you can get a better return on the time investment you put into social media. If you have questions on how to monetise specific platforms, please ask.
All images are courtesy of Pixabay.