Hey, dear content producer, I am Michael Akala by name, and for years, I have always watched friends and family try to make money from their content via YouTube channel, but they keep pushing so hard, and it took them several weeks, month, and some years, before actually attaining 1K subscriber on YouTube, before being able to monetize their content (YouTube Policies). I will show you a strategy that works across all kinds of content creation and platforms, enjoy doing what you know, and get paid.
Overview of Web Monetization
Web Monetization and the Passion economy are in their infancy stage. Only a few content creators know about its existence.
Website monetization is the process of making revenue from the traffic coming to the website, having website monetization enabled. It is also a means of bypassing all required conditions or policies before being able to earn money from your website, blog post, or article, and from all kinds of content creation, you may ever think of or doing at the moment.
In other words, payments are automatically sent to the payment pointer while a user spends time on the website.
Web Monetization:
- Allow the browsers to pay sites in real-time.
- It is a proposed web standard.
- It essentially uses, an inter-ledger that has Intelligent infrastructure.
- Interledger allows the browser to send very small amounts of money efficiently (which I can call micro money).
- It creates a browser interface that enables every browser or a user that is browsing the web to pay for all the websites they are visiting.
- Users or browsers pay some micro amount of money to the Site, the contents Creator in real-time.
Thinking on How you can Adopt Web Monetization as a Web Developer or Content Creator?
3 Simple Steps to Take:
- Get an Interledger Wallet.
- Add the Web Monetization tag.
- Reward the user (Optional).
How to Get an Interledger Wallet?
- You need to choose out of the several wallet providers that best suit your region and that is of more advantage to you.
Example of Wallet to Choose From:
i. UPGHOLD: Is a US-based provider, you can withdraw to your US-based account or withdraw via international bank wire and the money accumulates in dollars.
ii. GATEHUB: It covers the European region, if you have a European Bank account you should use Gatehub.
iii. XRP TIPBOT: This is for all regions across the globe, you can actually withdraw into a crypto wallet if you love it.
- Add A Web Monetization Tag: It is a payment pointer in front of the HTTP URL you get from your Wallet provider, the dollar sign is there to make it more recognizable as something related to Interledger, you can just think of it as a sort email address for money. It is a place where anyone and everyone can send Interledger payment. The payment pointer is actually referenced by the SPSP Standard which is an application layer protocol.
Interledger is an open protocol suite for sending payments across different ledgers. Like the Internet, connectors route packets of money across independent networks. The open architecture and minimal protocol enable interoperability for any value transfer system.
Therefore it is important to note Interledger is not tied to a single company, blockchain, or currency.
- Reward User: it can encourage more users to sign-up for Web Monetization, and the Coil company can increase your pay because they know you are giving more benefits to users, that is also the coil ways of incentivizing web developer to be able to give more benefits for web monetized user.
Watch This Video for
a better understanding and get the vibe you need to set up your account now. You get to have an idea of your potential earnings within a year. Make sure you subscribe to get my latest update.
What you should watch out for?
- I will be giving you a step by step procedure on how to fully integrate web monetization on your YouTube Channel.
- I will be giving you a step by step procedure on how to fully integrate your Hashnode blog account and many more.
What am expecting from you?
- I am expecting your comment and emojis.
- I am expecting your questions.
- I am expecting your encouragement and a lot more.
Thank you for giving us your time.
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