Starting a thread because I'm curious about making money off of user generated content (mods: i didn't think this fit in tech, but feel free to move it if you disagree). From my understanding, licensing agencies buy people's home videos and sell them to aggregator pages on social media. There seems to be a lot of money in it.. is it worth getting into for a low effort hustle?
If you have no idea what I'm talking about, check this cancerous soykaf out:
>https://www.facebook.com/Storyful/
The options i can think of:
>make a bunch of stupid meme videos and sell them to licensing agencies
easy enough, but i doubt it pays well
>steal unknown videos from youtube and post them yourself
less work getting content, more work keeping up an army of sock accounts. you probably would also need a shell licensing company to "buy" the videos from so that your actual page doesn't get taken down by IP vigilantes.
>actually buy the vids (from creators directly, or from a middle man)
i have no idea what the margins are like for this kind of thing, but you could practically automate the entire operation. problem is, i don't know how you actually get paid out beyond whatever the social website of choice deigns to give you.
>just build a following by sharing/linking other people's content, then come up with a way to profit off them
make sponsored posts, sell the page, misc shilling, etc.