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Apart from advertisements what can be the monetisation strategy for a social media platform?
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Xylostar
Here are a few ideas:
-Subscriptions for premium features: Exclusive content, ad-free experience, etc.
-In-app purchases: Virtual gifts, customization options, etc.
-E-commerce integrations: Let creators sell directly through the platform.
-Tipping/patronage: Allow users to support creators they love.
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Apart from advertisements, a social media platform can monetize through premium subscriptions offering exclusive features like advanced analytics, custom emojis, and the ability to hide embarrassing old posts. After all, who wouldn't pay to keep those cringy throwback photos hidden?