The creator economy has recently become a very promising field, and by 2030, it is predicted to reach a half-trillion worth. Given this, it becomes unsurprising that many startups are willing to enter this dynamic area. However, it is quite different from the other sectors, with a tailored approach as a top requirement for working with creators and ensuring their trust.
At some point in time, all startup founders consider monetisation of their business. Personally, I believe that if there’s an opportunity to monetise from day one, it should be pursued immediately. A startup that earns revenue from the start gains a significant advantage over competitors who are still striving for profitability.