Reddit Goes Dark, Online Banks & Powerful Paradoxes

Learn more about the best online banks in Europe and the UK as well as businesses you can start off the back of the Reddit meltdown                                                                                                                                                                                                                                                                                                                                                                                                                 June 23, 2023 | [Read Online]( Reddit Goes Dark, Online Banks & Powerful Paradoxes Learn more about the best online banks in Europe and the UK as well as businesses you can start off the back of the Reddit meltdown [fb]( [tw]( [in]( [email](mailto:?subject=Post%20from%20Ecommerce%20Dispatch&body=Reddit%20Goes%20Dark%2C%20Online%20Banks%20%26%20Powerful%20Paradoxes%3A%20Learn%20more%20about%20the%20best%20online%20banks%20in%20Europe%20and%20the%20UK%20as%20well%20as%20businesses%20you%20can%20start%20off%20the%20back%20of%20the%20Reddit%20meltdown%0A%0Ahttps%3A%2F%2Fecommercedispatch.beehiiv.com%2Fp%2Freddit-goes-dark-online-banks-powerful-paradoxes) Hey friends! 👋 Welcome to Ecommerce Dispatch where we help you build a profitable business on the side, without quitting your job or breaking the bank. In this new newsletter you’ll get one actionable business idea & learn marketing tactics to build your own ecommerce store. Let’s get cracking with this week’s idea and steps to generate revenue! 👀 What we've seen Reddit is currently going through a period of turbulence with thousands of subreddits going dark indefinitely. Moderators are protesting the API charge that has caused apps like Apollo & Reddit is Fun to shut down. These new changes mean that third party apps which help moderators effectively manage large subreddits are now unusable, causing large amounts of unrest in the community. Whilst the protest was scheduled for the 12th-14th of June, after an AMA and a leaked memo from the CEO Steve Huffman, many subreddits are still not visible on the app. Out of the 8000+ subreddits, we see that 3400 of them are still protesting. It is important to note that these moderators are currently volunteers and unlike Facebook who pay large sums of money for their moderation, these Reddit mods are ‘working’ for free. ℹ️ Why this matters Before Reddit was Reddit, Reddit was Digg. Digg, was a content and news site where users could vote for the content they liked the most which would then make it to the front page. However in 2010, Digg went through a redesign which angered their power users. They staged a revolt known as ‘Quit Digg Day’ where they began to upvote all links that are submitted by Reddit. This meant that Digg’s front page was filled with Reddit content which led to over 9000 new users and 250k DAU’s for the underdog site. 2 weeks later, the number of search queries for Reddit had overtaken those of the incumbent & the rest is history. With all this revolting on Reddit, it may be worth building an audience on an alternative site to be best positioned for success. 💡The idea Create and grow similar subreddits on [(. Squabbles is a Reddit alternative that is growing rapidly. There is an opportunity to create a number of ‘communities’ on the platform that are essentially duplicates of previous subreddits. By building an audience on this alternative site, you can grow communities that are able to be monetised once the site gains more traction. There are also a number of other reddit alternatives you can do this for. The Founder of Wikipedia has created his own Reddit [copycat site]( & there are many more out there. 👣 Steps to execute Estimated time to revenue: 6+ months - Visit [Reddark]( to see subreddits that are currently blacked out. & create ones on Squabbles that are popular or fit your niche. - Begin to start posting content on the newly created community. You can use [Wayback Machine]( to find popular content posted on Reddit to repost on Squabbles - Engage with the community and ensure you are consistently active in order to grow. - Once the community grows larger you can either list it for sale on micro acquisition sites or start posting ‘ads’ which advertise your product. 🌱 Grow For those of you who have an existing store here are some resources which I think would be beneficial. - Here’s the [7 best online banks]( in the UK: A quick round up - UK too specific? Here’s an excellent summary of the [top online banks in Europe]( - If you need to get a small business loan, here are the [6 steps]( to take in 2023 📖 Good Reads & Resources Stay up-to-date and in the know with the latest and greatest from around the web! - A great [essay]( into how advertising works & the mistakes and misconceptions we make. - The most powerful paradoxes of [life]( Store of the Week Each week we highlight our pick for store of the week. We source this from [Ecomm Design](. If you have a shop, send it in for a chance to be featured on[Ecomm Design]( & the newsletter. Today’s pick is… drumroll please.. [Merchery]( Merchery is a sustainable brand which creates promotional products which aren’t tacky, high quality and won’t be thrown away after a week. They source thoughtful gift options from high quality leather goods to eco-friendly products, which are carefully selected by experts who want the best for your brand. PS: If you have any questions, please send them in. We look at each of them & will publish them in next weeks newsletter. See you next week 😃 Rohit @ Ecommerce Platforms Emails going to spam? Here's how to whitelist our email address: First, reply "hello" to this email so your email provider knows we're real. Next - Gmail users: - On mobile? Click the 3 dots in the top right corner, click "Move to", then "Primary" - On desktop? Return to your full inbox view, then drag this email into "Primary" tab near the top left corner. Apple mail users: - Tap our email address at the top of this email (beside "From:" on mobile), and click "Add to VIPs" [fb]( [tw]( [ig]( Update your email preferences or unsubscribe [here]( © Reeves and Sons Limited, 86-90 Paul Street, London, United Kingdom 86-90 Paul Street London, Greater London EC2A 4NE, United Kingdom [[beehiiv logo]Powered by beehiiv](