When it comes to monetizing your content creation skills, there are several ways to go about doing so. Not all of these methods are very popular with your readers though. No one likes to see ads [so they install an ad blocker], people will hardly pay for content without sampling it first [paywalls work, but they have a negative image] and it becomes increasingly harder to get the money you rightfully deserve; BitWall is looking to solve all of those problems by offering a micropayments solution for digital publishers.
Multiple Options To Monetize Content
There are three key components to the service offered by BitWall; customization for merchants, consistency for users paying to see your content and driving your business forward. It only takes a few minutes to integrate BitWall onto your site or platform, and you can start accepting payments from as low as US$0.01.
Once implemented, the person consuming your content will be greeted with three different options to pay for the content. Option one includes sending a Tweet, which can grant them site-wide access for a specific duration. Not only will this increase your social outreach, but it’s also easier for your customer to send out a small tweet.
Option two is the typical paywall you may have come across on major mainstream media outlets. By paying a very small amount [or a high amount, depending on how you want to set things up], a viewer can access anything on the site for the next 24 hours. This is similar to option one, except they pay you directly in order to gain access for a longer period of time.
Last but not least, there is option three which lets viewers pay per article they want to read. This is a perfect way to introduce micropayments to your readers, as they can pay a nominal fee of US$0.01 [or more] to read one article on your site. Once they find themselves paying for multiple articles a week, they might change to one of the two other options.
Bitcoin & Micro-Transactions – Perfect Match
One of Bitcoin’s main advantages are the low to non-existing transaction fees. Especially when it comes to micro-payments, the cost-effectiveness and speed of Bitcoin transactions can be quite beneficial to both the customer and the person receiving the payment. On top of that, you are not asking your customer to expose any credit card information to make a payment for less than US$1.
By using Bitcoin to “bypass” these paywall options, it also brings far more convenience to your customers. No one likes to pull out a credit or debit card for a micro transaction, which is why paywalls usually include a monthly membership for a far bigger amount. And let’s be honest, hardly anyone will pay US$10 or more for a monthly membership to read articles that will be published elsewhere for free.
BitWall is currently in private beta, and you can use the contact details on their website in order to look at the options for integrating the service on your website or platform.
Website : http://www.bitwall.io/
All images courtesy of DollarPhotoclub