Have you ever felt guilty for being on Facebook when you should be doing
something more productive?
Well it might be time to stop feeling guilty, because there's about to
be a way to make money from social media.
"Tsu" - a new social network which will work in a similar way
to existing social media such as Facebook, Google+, or Twitter - promises to
redirect profits BACK to the users. That's you.
Facebook earns its megabucks by charging advertisers to show adverts to
its users.
But Tsu thinks that some of the profits in this business model should go
back to the people who are actually generating the money - that, once again, is
you.
So how would this actually work?
The new social network vows that 90% of its revenue will go back to users, so every time you write an update, share a photo, or visit a friend's profile, you could be earning some cash for yourself.So that dream of sitting on your computer all day and making bank could be closer than you think... or could it?
My profile: I'm not yet making much money from Tsu...
How much could I ACTUALLY
expect to earn?
Well it's quite easy to work that out.
The press pack released by Tsu shows some pretty optimistic figures for
how much a user could expect to earn, with a figure of $23.3 per day.
That's not enough to buy that house in the south of France just yet, but
it's still enough to pay for lunch and dinner every day.
The average Facebook user is worth $1.95 (£1.21) of revenue to the
company each month .
So really, each user is worth around $0.50 (£0.31) per week. Obviously
if Tsu had the same revenue-per-user it would only be giving 90% of that back
to its users, to that's $0.45 (£0.28).
Can I live on £0.28 per
week?
No.
But is that the point?
No. The point is that social networks are built on people, we use them
probably a bit too much, and other people profit from that.
People are sailing on yachts and buying Tiffany jewelry because we open
up an app on our phone to see what our friends are up to.
Tsu don't want to give each of us a yacht, or a shiny Tiffany ring, but
it wants to at least give something back.
A statement on the website says:
"2 billion of you create social content and get nothing for it.
It's your content, your audience and you should own it."
I signed up to Tsu and here's my profile - be my friend
The website's founder, Sebastian Sobczak, explains:
"The markets we participate in are enormous, growing and can
materially compensate each user — we’re simply and uniquely rewarding the users
who are doing all the work. This is the way the world should work.”
How can I sign up?
At the moment, it's invite only. But I've signed up, so I can invite
you!
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