Originally Posted by boyfunk
One argument I haven't seen here is the issue of assets.
If you spend $12,000 a year on feeds, at the end of 5 years, you've spent $60,000 and have nothing to show for it.
If you spent the same $60,000 on buying exclusive content or paying models and shooting your own, you'd have between 50 and 200 sets of content that you own. The value of that intellectual property is a part of the net worth of your business, should you ever decide to sell it. If all you have is a domain name with a bunch of links and a monthly bandwidth bill, you won't have much, other than the traffic to the domain and whatever membership goodwill value to sell.