There is a ton of content on the web and it’s almost overwhelming for people to find the most useful stuff. So curation is becoming increasingly important to help people make sense of it all. (Check out my recent blog post on how to curate).
But can you make money as a curator?
Here are a few ways to monetize curation (although not all of them are commonly used right now).
- Advertising: One of the most obvious and common ways is to make money from ads people click when they’re visiting your website (i.e. AdSense or Amazon).
- Free curation as a positioning effort: In this method, your business is to make money from something else (i.e. consulting, coaching, content creation) but you use curation as a way to help position you as an expert. This is pretty common today.
- Gate keeping: This is where you curate content but charge a fee for people to see your curation. It might be a monthly subscription or an ebook-style one-time purchase. You really need to prove your skills as a taste-maker first to get people to trust you enough to pay for your curation. Of the methods I’m listing today, this is the least-used way that I’ve seen but we could see it increase in time as curation proves to be more valuable.
- Help others curate: This is the business model of Scoop.it and I think it is a big growth opportunity right now. With this business model, you get paid (through subscriptions or perhaps based on some other metric) to offer up preliminary curation so that other people can further curate.