How can Understanding ‘Scarcity’ Increase your value as a Writer?
Unravel the intriguing concept of 'Scarcity' and its potential to elevate your worth as a writer. Discover how harnessing this economic principle can transform your writing career, making your work more sought-after and valuable in the literary marketplace.
Scarcity affects the monetary value people place on goods and services
National Geographic Society defines scarcity as how people satisfy unlimited wants and needs with limited resources
- The process by which we assign value to people, things, and experiences can be subjective to an individual and objective based on the majority that has an “opinion”
Why are NFTs valuable?
Unique and proprietary
- Once you mint a digital asset, it becomes unique in the blockchain
- It doesn’t matter that anyone can have it, as long as only one may own it
- Hence, the token immutably vouching the ownership is the valuable asset
Becoming a Valuable Writer
Look at what people enjoy reading about, and write majestically about it
- Find your own angle, and don’t be afraid to look at yourself as a special human being
- Discover a new niche
- Engage with the audience and build a crowd