. @nbashaw wrote a very good essay about the strategy behind Content, but it didn't include any practical suggestions
Here are some ideas https://divinations.every.to/p/why-content-is-king
Here are some ideas https://divinations.every.to/p/why-content-is-king
1. Scale Economies
Pick a content niche that doesn't need high production quality
Good - niche industry analysis, technical education
Bad - world news, video games
Pick a content niche that doesn't need high production quality
Good - niche industry analysis, technical education
Bad - world news, video games
2. Network Economies
To take off, you'll need to create your own Schelling Point
This can either be a concept you come up with (Aggregation Theory) or the story you're telling about the world
To take off, you'll need to create your own Schelling Point
This can either be a concept you come up with (Aggregation Theory) or the story you're telling about the world
3. Counter Positioning
Pick a competitor that has a large, older audience. Sell to the younger segment that isn't being served well
Example - siphoning off younger fans from regular sports to e-sports
Pick a competitor that has a large, older audience. Sell to the younger segment that isn't being served well
Example - siphoning off younger fans from regular sports to e-sports
4. Switching Costs
It takes a while for people to get invested in your brand
One shortcut might be to create a unique format for your content, so that fans find it easier to consume your content vs others
It takes a while for people to get invested in your brand
One shortcut might be to create a unique format for your content, so that fans find it easier to consume your content vs others
5. Branding
Consumers care about branding when quality is uncertain, or they want to use the brand to signal things about themselves
Quality might be harder to nail at the beginning
Picking what your brand stands for makes it easy for fans to align themselves with you
Consumers care about branding when quality is uncertain, or they want to use the brand to signal things about themselves
Quality might be harder to nail at the beginning
Picking what your brand stands for makes it easy for fans to align themselves with you
6. Cornered Resource
This is more of a defensive concept
Don't start a media company where you're reliant on the creative output of one of your employees (HQ Trivia)
Produce the content yourself, or bring in multiple creators to contribute
This is more of a defensive concept
Don't start a media company where you're reliant on the creative output of one of your employees (HQ Trivia)
Produce the content yourself, or bring in multiple creators to contribute
7. Process Power
Work on your process for creating content early on
Otherwise you'll run into scaling issues - your audience will be growing, but your content won't be getting better at the same rate
Work on your process for creating content early on
Otherwise you'll run into scaling issues - your audience will be growing, but your content won't be getting better at the same rate