Big Techs: The Hustle To Leverage Data Monetization (2)
Big techs tilting the internet requires, understanding the psychology of people, and keeping records of their previous behavioral patterns to predict their tendencies.
This can create an exactness. This exactness, is data, the ability to predict people with close to 99% accuracy is data.
However, the world is changing, people want efficiency, ease, and speed, and getting this would require some heavy compromise. While this is purely diabolical, people do not care, provided their primary aim of giving out their data is properly met.
"Data" Money Is One-Sided
It's however not a win-win situation, because the money being made off that data is crazy and big techs have not inculcated the idea of giving back, except recently.
Where the idea is being thrown here and there, however, even as at this, the need for web3 and decentralized internet, remains imminent but that's an entirely new topic.
In reality, providing answers is the biggest way to add value in the 21st century either offline or online. Most of the high-paying jobs in the world provide answers/solutions to queries.
The more query a job can provide answers to, the more relevant it becomes in terms of monetary value.
Some of the ways to envalue people are their level of correctness, efficiency and track record of success.
Businesses are tilting toward making more money rather than the focal concentration on solving problems. This is why the concentration is mostly on marketing and advertising. Back to the internet. Some of the content makers on the internet are leveraging the god's eye of Google database to draw traffic to themselves.
The 21st e-commerce audience is mostly online, even offline businesses are now building online presence, why
This is because the wind of sophistication is blowing in that direction. People do not waste time when embracing innovation, especially because we're progressive in nature and always looking for better ways to get things done.
Another reason is that the transactions that happen on the internet can bring even bigger traction to offline businesses. Traffic is the most coveted asset on the internet.
Attention/Platform/Audience Equals Money
Whether you have the right audience or not, establishing or building a platter where people are always willing to check you out is one of the most difficult but lucrative things.
Having an audience online comes with unimaginable advantages; the ones we have currently and the ones that will be unlocked in the future.
With the right amount of traffic, you can get into affiliate marketing and market individual products. Sell products for big organizations, and create content for YouTube and other platforms.
On Facebook, for example, content owners are hawking traffic, giving money to people who care to share their pages out there for more visibility.
A lot of these people understands the importance of optimization
To make money, you clearly need to spend money. Some people are making sure to optimize their content to the most searched terms on Google, and they spend a lot of money to do this.
While engagement might be King on web3, endless visibility and reach is king on Facebook, why? Because more visibility and reach bring traffic and traction. So google on its own is an industry that doesn't just generate money for itself.
Web3's Concept Is Recently Being Replicated
over the years, people have leveraged the popularity of Google to create blogs, podcasts, and YouTube videos, to directly answer some of the most popular queries on the internet while making money for themselves in the process.
Even web3 is trying to leverage some of that traffic to show people that they can intentionally own their data while being paid for the value they have to offer.
I believe that the next generation will understand the concept of web3 because they'll have the opportunity to exist in an age where they can literally see the difference, this is how the concept of ownership can be truly redefined.
Interested in some more of my works?
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Posted Using LeoFinance Alpha
The last sub-heading got me.
Indeed, people's data are becoming relevant, i guess that was why Hive always advice that we use the right tags while making a post, so it can be easily accessed when searched.
The knowledge of internet users around the globe, might be so powerful to outstand search engines results.
Reasons
When we make a simple search on google, we usually find lots of result relating to our research, but i guess those that paid more for their optimization, would have their datas coming first.
But neglecting the search engine, and asking random users physically, would give us a better result.
Aside that, the internet currently is a place, where gathering audience matters alot. I guess, contents that can catch an audience's attention matters alot.
You're right about everything you've said. People's data are becoming more relevant by the day, and the big techs are taking advantage of it to make big money. I think overtime, there are people who have leveraged on the data on Google to become content creators, or provide services and products.
I haven't really considered this, but this is true. I just feel that people mostly rely on Google for everything because it's simply accessible to some extent.
Audience is everything online, having the right engaging audience is a lot.
I've seen some vloggers giving tips to others regarding how to create content around the most asked questions on the internet to gain more visibility and attention. They shared some tools that you can use to check the data of the google search engines to figure these things out. It's a smart and an amazing tecnique that could work for some people. Except that you can't make your social media page only based off of what's trending because then you wouldn't have niche and follower retention will be difficult.
I know you don' t celebrate EID man, but EID Mubarak! I'll way bill your meat. hehe
Some people don't even want to have a niche, they just want to follow trends, tap into SEO to gain massive followership and traffic, while using clickbait, the use a lot of ads on their page and they make money through affiliate marketing for just knowing how to utilize SEO even if they have no content at all or a niche to concentrate on.. A lot of people just want to leverage on that data too to make mad money.
Hahaha, I'll be expecting this way bill of this deep fried meat
Attention seems to be the ultimate currency right now. If you have that, you can sell direct or sell ads and either are lucrative on multiple platforms.
Data is becoming way more important and the digital sales just continue to increase. The companies know that advertising will lead to more money and they are willing to take the risk. If things work out well, they earn a profit and continue to do so until it isn't profitable to do so. In a way, I like how LeoFinance is approaching things because it knows that ads are a great way to add value. Crypto projects have long since found out how important it is given all the crypto influencers shilling tokens/projects for money.