With the spread of cheap internet and free social media platforms, the world has become a place where content creation has become the primary source of income for many people.

If you want to become a full-time content creator, you need to know how to monetize your content and earn the maximum income. For that, you need to understand a concept called creator economy and be aware of tools and sites that can improve your creator economy. And in this article, we are going to discuss that.

What is the Creator Economy?

It is an economy that is heavily dependent on social media platforms and allows creators to earn revenue for the content that they are creating. There are more than 50 million content creators who are part of this economy, including influencers, bloggers, streamers, etc.

Thanks to this economy, people are able to earn money from their passions, and viewers are able to get content to match their likings.

Relevant Tools for Creator Economy

Now that you have become a part of this economy, you need to know the tools and sites that can be useful to grow your wealth as a content creator.

FlyFin

Growing your wealth is not only about earning money but also about saving money. When you earn as a content creator, you need to pay your taxes. And if you're self-employed, often there are quarterly tax filing deadlines.

Now, the method for calculating taxes as a freelancer/content creator is slightly different, plus it can be confusing for you. So, to make sure that you are giving the right amount of money at the end of the year, check out FlyFin.

It is a man + machine AI-based tax engine which works in the background 24/7, 365 days a year. Once you connect your expense accounts, it automatically scans them every day to suggest which category to classify each expense based on a freelancer or a content creator.

Plus, FlyFin also scans for all possible tax deductions and reduces about 98% of your workload. And every time it finds a deduction, it notifies you. So, you can review these deductions on the go. It also gives you an expense summary to help you maximize your savings.

It's not just the AI that does all the work. FlyFin has a tax team that consists of people who are experts in all aspects of US and International taxes. They are the ones responsible for creating accurate tax reviews and preparations.

And the best part about using this app is that you don't have to worry about tax deadlines anymore. Once the deadlines hit, simply press a button. FlyFin will total everything and generate an in-depth report. Then, this report will get reviewed by a CPA, and then it will automatically get submitted to Uncle Sam.

This app has helped creators and freelancers all across the United States, helping them  save 10-30% more money every year. So, you should definitely give FlyFin's app a try.

Patreon

As a content creator, your income is dependent on views and ad revenue. But what if your viewers want to support you personally for your work?

For that, platforms like Patreon exist. It is a community monetization platform where your viewers can donate a sum of money as an appreciation for your work. And as feedback, you can give your patrons access to exclusive content.

Patreon works on a monthly subscription basis where you can offer exclusive content and rewards like giveaways to people who subscribe to you. Patreon allows creators to make different pricing tiers, and you can assign rewards based on that.

This is one of the best ways to secure a stable income as your supporters are directly able to send you money, and you are getting an additional source of income.

Fiverr

If you are a musician, a designer, a videographer, painter, etc., then you can earn additional income by doing freelance work for people besides creating content on social media platforms.

In Fiverr, you can sell your skills as a freelancer, and you can offer your services to customers worldwide. It allows you to list and apply for small one-off jobs, gigs, etc.

All the transactions are done via protected means, and you will always get paid upfront. This will allow you to secure an additional source of income.

Livestream on Twitch and YouTube

Besides creating videos on YouTube, you can start doing live streams on platforms like Twitch and YouTube. This will allow you to interact with your audience in real-time. Plus, you can earn money based on your views.

Besides views, there are other ways to earn money via streams. The most common ways are super chats, badges, paid subscriptions, sponsorships, etc. Viewers can support you and your work by donating money. Plus, if someone pays you using super chat, their comment will get highlighted in the stream.

Sell Merch on Sites like TeeSpring

A lot of creators monetize their audience by creating merchandise and other products that their audience would like.

Some of the best items to sell as merch are T-shirts, hoodies, mugs, frames, mobile phone covers, etc. You can create merch that relates to your channel or content and then sell it on websites like TeeSpring.

On TeeSpring, you can create your own merchandise and sell them without any risk or hassle. A lot of popular YouTubers sell their merch via this website.  

As you grow your channel and audience, you can try doing bigger projects that are designed to meet the needs of your audience and sell them on your own website.

Wrapping Up

These are the tools and sites that you need to boost and manage your income in the creator economy. The knowledge to use them and a few wise decisions will ensure that you are able to follow your passion for the rest of your life. Boost your income by monetizing your audience on platforms like Patreon, Fiverr, and TeeSpring. Or you can do live streams and take donations on platforms like YouTube and Twitch. And finally, to make sure that you save maximum money while calculating taxes, try out FlyFin.