The Financial Power Of Poetry: How Verse Impacts Local Economy
Poetry is a form of art and has been a source of earning for centuries. No one can deny the financial power of poetry because it has a strong background in financial field by impacting the local economies. Verse contributes a lot in the development of economy through poetry festivals, book sales, verse-inspired tourism and community programs. In this article, we will explore the financial power of poetry by taking insight of past economy to present local economy.
Poetry has been a topic of interest for centuries. It got strength when poets started to earn living through creating poetry and influence the community. In the past, many poets earned their fame and money by using poetry as a means of social commentary, Like William Blake criticized social and economic system of his time through his unique words. William Shakespeare is the most famous figure of English language. Wordsworth is a founder of Romantic poetry and poet of nature, he earned his livelihood by composing verses. Read about Wordsworth’s poetry and Wordsworth’s focus on Mountains.
Verse-Inspired Tourism
William Wordsworth was the founder of romantic poetry. In the Lake District, UK organized a Romantic Poetry Walking tour through the landscape that inspired William Wordsworth and S.T Coleridge. Wordsworth said,
” I have made my livelihood by my pen and I have no other.”
This quote emphasis the financial importance of poetry. Anne Sexton explains,
” I write for myself, and I write for my own salvation.”
These quotes are highlighting the rewards of making a living through poetry.
The Edgar Allan Poe National Historic Site is a tour that was organised in Philadelphia, USA.
Robert Frost Farm was organized in Derry, New Hampshire,USA. These tours proved helpful to inspire readers and earn money. Reading around the World, this tour is organised by Lubna Albalushi. The New Victory Theater in New York city is offering a behind the scenes tour. Poetry tours are organized to celebrate the poetry which attract the visitors and educate them literature, poetry and history. Tours enhance the community engagement and economic benefits as well as provide networking opportunity.
Book Sales and Publishing
Through book sales poets earn their livings. City Lights publishers, The Poetry Foundation and Faber and Faber, are well known publishers of poetry and fiction. T.S. Eliot is the founder of Faber and Faber.
Poetry Festivals are organized and through tickets sales, poets earn. The National Poetry Slam is an annual festival for the performance of poetry and is organized in USA. The Edinburgh International Book is a festival for reading poetry and workshops in Scotland. The Jaipur Literature Festival is organised in India to showcase poetry and fiction from all around the world. Some Community Programs are developed like, The Poetry Project in New York, The Writer’s Room in Toronto and Canada, The poetry Society in London and UK offer work shops and competitions for poets and writers. Go to Spoken word: From Poetry to Profit: Monetizing Spoken Word in the Business World.
Digital Platforms and Social Media.
With the development of technology, the poetry has been monetized on a larger scale. Social media platforms like Tik Tok, Instagram and Twitter enable the poets and writers to share their work and develop a connection between reader and writer. Through these platforms poet is succeeded to inspire readers. He is able to give Mental health awareness through poetry. With the evolution of digital platforms, the awareness and learning process has also been evolved. Evolution of Digital learning have revolutionized the economy.
Online publishing platforms like Medium, Word press and Tumbler are enhancing the self-publishing and enable the writer to monetize the poetry. Video conferencing tools like Zoom and You Tube are very helpful for poets to monetize their poetry by performing.
The example of Arch Hades gives a deep insight of power of poetry. Hades belonged to UK and then she migrated to Russia where she worked in the British Parliament. Then she joined poetry, in this field she earned more fame by winning awards. She has become a bestselling lyrical poet. Through poetry she earned fame as well as money by selling her verses. She became a celebrity on social media. Get more insight by reading Poetry, Science,an Finance.
The financial power of poetry is undeniable. From past to Present, its contribution to develop economy is significant. From tourism to book sales, festivals to community programs, we observe the poetry’s economic impact. Many poets adopted this art to satisfy their needs. With the advent of technology and social media platforms, its role is astonishing for economic. Now poets reach to a global audience and monetize their work. As technology continues to evolve, poetry will flourish more.
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