The New (Old) Content Entrepreneur Business Model (444)
May 6, 2024
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The podcast discusses the evolution of content entrepreneurship and the importance of owning audience data. It also pays tribute to a supporter and highlights the significance of owned distribution channels in content strategy.
Content entrepreneurs should prioritize owned assets like email newsletters and podcasts for lasting monetizable assets.
Dependence on social media for content distribution can be risky; balance with owned assets for sustainable success.
Deep dives
Importance of Building Owned Assets for Content Entrepreneurs
Content entrepreneurs need to shift their focus back to building assets they control rather than relying solely on social media platforms for distribution. The podcast emphasizes the significance of creating owned assets like email newsletters, podcasts, select social channels, communities, SMS, courses, webinars, in-person events, and direct sales of physical and digital books to establish lasting monetizable assets. By prioritizing owned assets, content entrepreneurs can reduce dependency on external platforms and increase long-term profitability.
Challenges with Relying Solely on Social Media for Content Distribution
The podcast highlights the pitfalls of depending solely on social media platforms for content distribution. It discusses the drawbacks of losing control over content reach due to ever-changing algorithms that prioritize user experience over brand visibility. Emphasizing the need to reclaim focus on owned assets, the podcast warns about the risks of investing heavily in rented land, where followers and content visibility are controlled by external platforms. The episode underscores the importance of balancing social media presence with a strong foundation of owned assets for sustainable content entrepreneurship success.
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Remembering a Dedicated Supporter and Emphasizing Owned Distribution Channels
The new business model for full-time content creators looks eerily similar to the OG content entrepreneur business model from the 2000s. Listen to what you need to do next with your mini-media model.