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Jul 21, 2022
Dependable creator partners show their value during periods of heightened uncertainty

Uncertain times aren't easy for companies to navigate, however when times are turbulent, stable and trustworthy partners show their worth. for independent creators and publishers. It is becoming increasingly apparent over the coming months which platforms and applications will prove the most effective in ensuring long-term success for their businesses and that could place their businesses in risky positions.

The global economic outlook is becoming increasingly uncertain and business owners should be prepared that they will face difficulties as this year continues to play out. The budgets of consumers are shrinking due to the soaring inflation rate as well as the repercussions of war in Europe as well as other causes which means that revenue issues are soon to become a necessity for a lot of businesses.

One benefit for businesses that are making money from their membership model is that, even though subscription revenue is not in any way protected from the effects of broader economic conditions It's usually more protected in comparison to the revenues generated through different channels like sponsorships, advertising, or commerce. It is, however, assuming that the creators have chosen trustworthy technology partners who have robust and long-lasting companies of their own that allows them to navigate around difficult circumstances with confidence..

Like I've previously argued that any person who is an author or independent publisher looking to create an ongoing, sustainable membership or subscription business must consider the right tools for monetization as well as technology. The tendency to choose the "cheapest" choice is normal, however, publishers and creators that I have worked with typically want for new platforms and tools since their previous partners have failed to meet their expectations and they haven't provided enough opportunities to expand the scope of the features and functions they offer or have provided inadequate support and guidance.

These frustrations become more pronounced during difficult times that are a hindrance to economic growth. When the demands of audiences, market variables and economic conditions change quickly within them, the most important thing creators need to be concerned about is the means of revenue generation that are preventing them from realizing. Poor technology, missed revenues and operational headaches can be a nuisance even in the most ideal of circumstances. But in times which things are not stable their impact on these issues could quickly escalate to create significant risks for entrepreneurs.

It's more crucial more than ever that the creator partners have created strong and stable business of their own and they will not leave their customers in the lurch whenever they're forced to shift their focus or focus to pursue revenue or different potential.

The best advice I can give to any business that is concerned about the current economy is to relax and concentrate on establishing the basics correctly. Specifically:

  • Create high-quality, distinctive content on a consistent basis.
  • Be sure to have an uncomplicated service and user experience  that allows you to pay for and get access to the content as simple as is possible.

When it comes to the technology behind monetization and other tools, I'd urge creators to scrutinize possible partners with greater care than ever to ensure they have distinct philosophies and viewpoints which are supported by documented products and previous records, and that they are determined to adhere to subscription and membership models for the long haul.

Creators that continue to meet the requirements and needs of their audiences and subscribers and who have the technology and tools in place to meet these requirements, they will be able to not only to navigate the difficult economic environment but also emerge from the other side of them in strong positions.

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