What about when the money runs out ADWEEK | Media
| | | | | | | Media | | | February 17, 2021 | By Lucinda Southern | |
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| Will Snapchat Spotlight Last Beyond Million-Dollar Payouts? | | | | “As soon as they’re done giving away money, I’m done.” Setting up a daily $1 million lottery fund is a sure-fire way of attracting creators. But, as Snapchat is in danger of finding out, this could lead to a fickle kind of loyalty. When the millions run out, the big question Scott Nover asks is how Snapchat can court influencers just enough so they’ll stay on the platform. Snapchat Spotlight is surely an amped-up version of other platforms’ creator fund, but that doesn’t guarantee people will stick around, just as celebrity names can be a short-term short-cut to attention. Now, Snapchat has to balance elevating the one-to-one communication tools it was built for while championing virality. What’s interesting about the piece is how, already, Spotlight is getting saturated. People are finding those checks harder to come by. The cycle of boom and bust has sped up. You should check out Scott’s piece for more details on how creators like CJ OperAmericano make their money and how else the platform can build a sustainable creator economy. Drop me a line at the email below with your thoughts. Thanks for reading and have a great week! Lucinda [email protected] Dive deeper with an Adweek+ Subscription, your key to the inside scoop on the media and marketing and reporting that guide the world's top brands. | | | |
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