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Paltalk, was trying to make money by giving away a free service and selling advertising. But suddenly advertising was drying up. So Katz—whose site operated chat rooms in which you could not only send text messages but also talk, the way you would on a phone—did something radical: he started charging people to use a premium version of his software, which offered some extra features. Guess what? Since 2004 he's been making a profit, and he's come to believe that, contrary to the conventional wisdom, people really are willing to pay for online services.
...if Katz hadn't dared to charge fees back in 2001, he wouldn't be in business today. That's something the big guys might want to keep in mind.
Now I'm reading more and more about charging for content yet I'm putting up more free content and earning more from it.
Both decisions, even though the timing contradicted conventional thinking, have produced good results for me.
Be careful from where you take your advice.
I once ran y site for free helping solve problems and one day I had enough and told everyone I was going to start charging admission to the site and the site died in less than a week. Although I explained most sections would still be free they misread and took offense to the fee.