Rather than derailing the booming creator economy, the Covid-19 pandemic strengthened and solidified it.
A combination of lockdowns and worsened unemployment sent creators searching for new ways to earn a living, while at the same time giving people more time to hunt for content, looking for ways to fill in their increased leisure hours.
So, as of the 1st of March, TapeReal has added the ability for creators to monetize their work through their in house digital currency “RealCoins”.
Unlike Cryptocurrency, Earning and Spending RealCoins couldn’t be easier.
What do Bitcoin, Ethereum and RealCoins have in common?
Answer: They have real world value.
Why would a digital currency become so popular if it couldn’t help pay your bills, get your morning coffee or purchase tickets to an upcoming event?
In today’s world, there’s no time for trinkets, tokens or IOU’s.
Thankfully content creators know their worth and their worth is REAL.
So sit back, relax, and I’ll tell you how you can start earning TapeReal’s newest addition: RealCoins. (i.e. Real money)
Let’s get into it!
Earning RealCoins on TapeReal:
- First things first, you’ll need to make sure your Profile is completely optimized for TapeReal.
- Once you’re up and running, it’s time to upload or record your first piece of video or audio content. Simply head to the record section on the bottom of your screen and choose from the following options: Solo recording, Recording together, or uploading your existing audio or video content.
- Once your work is uploaded, edit your caption and add up to 5 hashtags for your post. This will help index your content and make it discoverable under "Discover".
- If your tape is longer than one minute, you qualify for monetization and can decide whether you want to charge your audience for unlocking your content.
- You can choose any price between 1 and 100 RealCoins. Each RealCoin is worth $0.09 cents in US Dollars. This means you can charge as little as $0.09 cents or any amount up to $9.00 USD for your EXCLUSIVES.
- After a 20 second preview, your fans and followers will be presented with the option to unlock the rest of the video at the price that you set.
HOT TIP: Test your Pricing!
If you're not sure how much to charge for your EXCLUSIVES, you can test the elasticity of your pricing.
For example, if no one has unlocked your tape, maybe the price is set too high.
To adjust the price of your tape, simply head to your profile page and press the three vertical dots on the right hand side of your tape. Here you will be able to make adjustments to your hashtags, caption, and most importantly, your monetization.
By changing the cost of your video, you can now test how much your audience is willing to pay for your a paywalled content.
How to get paid for your content as a creator:
- When someone unlocks your exclusive tape, you will get an update on your notification feed. Here you can track your sales and see which tape was unlocked and by who.
- Your RealCoin balance is conveniently displayed on your profile page, and when you tap the wallet, you can see a detailed breakdown of your Earnings in your RealCoins wallet.
- The best step of all, Withdrawal. Once you have reached a balance of $100 USD, you can cash it out at any time by simply pressing the withdraw button on the right hand side of your wallet.
Spending RealCoins on TapeReal:
- If you’d like to unlock Exclusive content on TapeReal you’ll need to purchase RealCoins via the Coin Shop. Here you will be able to choose the desired amount of RealCoins you would like to purchase.
- Once you buy your RealCoins, your RealCoin balance is conveniently displayed on your profile page (next to the edit profile button).
- To unlock any EXCLUSIVE content, watch or listen to the first 20 seconds of the tape. You’ll then have the option to “Get Exclusive Access” by pressing the unlock button.
- Once unlocked, your RealCoin wallet will subtract the amount spent, instantly send it to the creator, and your balance will be updated.
Spending RealCoins is a great way to support your favorite creators!
If you’d like to monetize your own content or unlock some social exclusives, download TapeReal today!