Day: September 1, 2020

Zoom Keeps Zooming! – SmallBusiness.com

(Monday, August 31, 2020) While SmallBusiness.com does not report stock market news, today’s second-quarter earnings of the videoconferencing company, Zoom, is as much a small business culture story (for how it has changed many small businesses during the past six months) as it is a business one.

The pandemic has transformed every kind of small business — buyers, sellers, virtual-webinar-attendees, you name it — into Zoom users.

This afternoon, the company reported revenue for the quarter was $663.5 million, up 355% year-over-year. The company made as much money in May, June and July as it did in all of 2019, beating even the high anticipation of Wall Street.

It is hard to imagine how much work-oriented teleconferencing could have taken place — including small business — without Zoom.

Indeed, a recent outage of some of Zoom’s conferences demonstrated the vulnerabilities of virtual classes and office meetings during the age of the coronavirus pandemic.

Analysts and reporters like Minnesota Public Radio’s Market Place’s Meghan McCarty Carino are asking if Zoom’s phenomenal success can continue.

Will Zoom Be a Sprint, or a Marathon?

While low-cost and easy to use teleconferencing has transformed it into a must-have business tool for the present, it’s not guaranteed that Zoom will be the long term winner.

While it receives high marks for its ease of

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20 Ways to Make Money as a Social Media Influencer


8 min read

Opinions expressed by Entrepreneur contributors are their own.


Many people think we’re at the peak of the “creator economy,” pointing to supply saturation, overvalued tech startups and creator burnout as their central arguments. But I think we’re at the beginning. After building a technical product that has facilitated thousands of activations, I can assure you that has a long way to go to help existing and aspiring creators achieve their financial goals.

One-third of kids between the ages of 8 and 12 aspire to be either a vlogger or a Youtuber. Kids are no longer aspiring to be doctors, lawyers, engineers; many kids want to become creators on social media. Social media exposure seems to be influencing kids’ future career aspirations.

Pair that with the facts that Youtube made $15 billion last year, with nearly half of that going to content creators. Youtube is the social content forerunner; whenever there is economic opportunity, creators will go. It’s no surprise that unveiled a $200 million fund for creators and is going to start sharing revenue with creators on IGTV. That said, Instagram has a long way to go given that they made $20 billion in revenue last year and barely shared any with creators.

Related: 10 Ways to

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