YouTube group The Try Guys has quickly found success in launching subscription model
Briefly

"Having a business that is reliant on ads is very unstable and very unpredictable," Try Guys co-founder Zach Kornfeld told CNBC in an interview. "There's just so much that's out of your control, and we certainly experienced the worst of that. It's tenuous at best. Corrosive and explosive at worst. And it also forces you creatively to constantly optimize for things that are not always in your audience's best interest."
With a potential TikTok ban threatening to wipe out nearly $15 billion in annual revenue for small and medium businesses, and YouTube's ad revenue growth slowing, creators are seeking more reliable income sources in an increasingly volatile advertising market.
In the three months since launching 2nd Try, the company says it is on track to reach profitability. Other creators are trying to recreate the Netflix subscription model, too.
Read at www.cnbc.com
[
|
]