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After you calculate expense on payments you have also to pay staff and moderation team for daily moderation work and it needs a big budget to spend for these people because a website having 10,000 users will be hard to be moderated only with one administrator.The problem with platforms like this is that people are actually going to be posting because of the money so you will have a very tough time trying to filter out a negative and rubbish contents.
I once ran an article (user submitted articles), the site was making between $80-$110 per month. Then I sold the site for $2000. The new owner could not run the site for a long timeHonestly, it depends on the type and genre of the user generated content site. I ran a news and commentary related site that had it's own user generated content at one point, and it made on the average from Google Adsense, between $350-550 per month. Once we had our SEO fixed up and worked on our adsense categories, it had increased to over $1,000 per month. The site is now no longer listed in adsense, but I figure if it was still running ads with everything worked out properly, it would probably be up to the $5,000 USD range by now, with earnings.
I think that this can be extremely profitable if it is done in the right way because if you do have a lot of people that are going to be engaging with one another then obviously you can try and monetize the website based on certain advertisements that can be displayed and this will provide a very good income source.User Generated Content site is a site where users join and create content. User Generated Content site might reward the users (just like this forum) or may not reward users (just like facebook). Now, my question is can a User Generated Content site be profitable considering a fact that there are already a lot of non-rewarding and rewarding User Generated Content sites. Can you actually money by creating such site?
But in result of that you need to pay them for their work as the article generate sales for you so it could be win-win condition and not just redeem their work for free except the budgetary is not enough for paying out the users for their generated content except if it is plagiarized from somewhere.You can profit from user generated content site, owners of social media sites are making millions and billions, thanks to user-generated content. While that might not be possible for an average Joe, it is still possible to make money. However, you will have to run the site for a long time and work really hard to build authority on the niche
It can be profitable, however, not everyone can manage a user generated content site. I have tried launching user generated content site three times and failed.
In order to profit from user generated content sites, you need to provide your users some value, and most of the time it is cash incentives. IN order to offer cash incentives and make your users continue to create content, you need a huge cash reserve. Sadly, I was always on limited funds.Not happy to read that you were unsuccessful with creating a user generated content site and keeping it going. What really happened? Why did it fail and what can you say was the reason why it happened the way that it occured? Maybe someone can learn from your mistakes, so as not to repeat same mistakes in the future too.
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