BuzzFeed is launching an initiative called the Summer Writers’ Challenge. The media outlet plans to pay its fans for the content they provide, awarding up to $10,000 for quizzes, listicles, and more as part of a unique summer program.
When it comes to how much someone can earn from this BuzzFeed initiative, the pay scale hinges on how viral the user-generated content turns out. For example, for a post that surpasses 150,000 views, a contributor will get $150; a contributor who gets 500,00 views on a post will receive $500.
Then comes the more significant cash if the views climb into the millions. A post with more than one million views will profit a contributor $2,000, and $10,000 will go to anyone with at least 4 million views on their post.
“Our BuzzFeed community is incredibly valuable to us — our contributors are our audience, and opening up our platform means BuzzFeed can better represent and serve our audience’s needs,” Peggy Wang, BuzzFeed’s executive director of growth and trends, said to Variety.
BuzzFeed is also in the news recently as the company is raising about $200-million in convertible bonds to purchase Complex Networks.
Eduardo Razo is the Assistant Content Editor for BNM, which includes writing daily news stories on the news media industry. He can be found on Twitter @eddierazo_ or you can reach him by email at eddie1991razo@gmail.com.
