Learn how to rethink your content business and take it to the next level with these six key strategies: rethinking your exit strategy, taking your content tilt seriously, being a creator or a media business, focusing on email, adding content pillar projects, and a bonus idea you won't want to miss! Discover the importance of having an exit plan, understanding the concept of a content tilt, building a valuable and independent content business, leveraging other people's content, and diversifying your content business strategy.
Having an exit plan is crucial for long-term success in the content business.
Finding a unique content tilt and becoming the leading expert in a profitable niche is essential.
Deep dives
The Importance of Exit Planning for Content Entrepreneurs
Many content entrepreneurs overlook the importance of having an exit plan for their business. A study by Tilt Research showed that only 10% of content entrepreneurs have any kind of exit plan in place. Having an exit plan allows content creators to set goals and work towards them. It is recommended to regularly review and update the plan as the business evolves. A time period of around seven to ten years is suggested, as this is when many content creators experience burnout. Whether it's selling the business, passing it on to someone else, or merging with another company, having an exit plan is crucial for long-term success in the content business.
The Significance of Content Tilt in Differentiating Your Brand
The concept of content tilt is all about finding an area of little to no competition in the market. Most content entrepreneurs fail to have a clear content tilt, making their content indistinguishable from others. It's essential to ask yourself if you are the leading expert in your content niche for your specific target audience. Narrowing down your niche and becoming the go-to resource in that area is crucial. Additionally, considering the profitability of your chosen niche is important. If there is no potential for revenue, it may be wise to reevaluate your content focus.
Transitioning from a Content Creator to a Media Business
To build a sustainable content business, content creators should think of themselves as media businesses. This means expanding beyond being a solo creator and involving more voices and expertise in their content. Building a team of experts and contributors not only adds value to the business but also makes it more attractive to potential buyers. Furthermore, prioritizing email subscribers is emphasized, as it provides direct ownership over audience data and enables effective monetization. Diversifying through guest appearances, speaking engagements, and collaborations with other content creators is recommended for reaching new audiences and expanding the brand's reach. Finally, creating pillar content projects, such as books or research studies, can build a loyal and engaged audience, while also attracting attention from industry leaders and potential collaborators.
An extended podcast covering six key ways you can take your content business to the next level. These include:
Rethinking your exit strategy
Taking your content tilt seriously
Are you a creator or a media business?
The focus on email
Your base plus OPC
Adding content pillar projects
Plus a bonus idea you won't want to miss!
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