economics of social media Archives - Schaefer Marketing Solutions: We Help Businesses {grow} Rise Above the Noise. Fri, 31 Jan 2025 16:12:40 +0000 en-GB hourly 1 https://wordpress.org/?v=6.7.2 112917138 The photo that changed my life (and maybe yours) https://businessesgrow.com/2025/02/10/changed-my-life/ Mon, 10 Feb 2025 13:00:44 +0000 https://businessesgrow.com/?p=89697 Mark Schaefer was quietly eating a meal in an Austin restaurant when an event occurred that changed his life and career. and it just might change yours, too.

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disruptive marketing to change your life

It was March 15, 2023, and I snapped a photo that changed my life. And I’ll explain how it can change your life, too.

On that date, I was attending the annual SXSW festival in Austin, TX, and enjoying a wonderful late-night meal with my friends Joseph Jaffe and Eric Qualman. Suddenly, people stood up and quietly walked out of the upscale restaurant. It was surreal, like being in a Stephen King movie!

My back was to the door. Where were these people going?

100 percent human contentNowhere. They stood on the sidewalk, pointing their smartphones to the big Texas sky. My friends and I had to see what was going on. So we left our hot food and walked outside.

It wasn’t an alien invasion, but it was close. A dazzling drone show lit up the heavens, telling the story of a new sci-fi television program coming to the Paramount Network. Hundreds of drones were programmed along custom flight paths to depict scenes from the show.

To top it off, the display ended with a sky-high QR code that sent viewers to a website with the show’s trailer.

While drone shows have become a staple of city celebrations and sporting events, this was novel—the first time we had seen such a display.

We all took a photo of the drone-ad to share with our social media audiences:

the photo that changed my life, joseph jaffe, eric qualman

In that moment, the line between marketing and magic blurred. We weren’t just watching an ad; we were living inside one.

The mesmerizing advertisement became the epicenter of buzz at SXSW, and with more than 300,000 influential people in attendance, that’s a perfect place to make a rumble.

Now, we get to the interesting part. How did this photo change my life, and possibly yours?

The revelation

I’ve spent nearly two decades researching and writing about one crucial problem—how can our marketing messaging become the signal above the noise in a world of oversaturated content?

I witnessed one of the most astonishing examples of a brand becoming “the signal.” Every person in this restaurant abandoned their hot food and cold cocktails to stand on a street in Texas to see an ad—not just see it, but record it and share it with social media audiences worldwide. It wasn’t just a signal above the noise—it was a supernova.

Remarkable.

Unprecedented.

Perfect.

For weeks, I couldn’t get this drone show out of my head. I played this mind-game: If somebody gave me the challenge to create an ad so disruptive that people would leave their hot meals to see it, could I do it? No.

What was the lesson for businesses desperately wanting to be “the signal” to their customers? Was there a scalable process behind this brilliant idea that could guide breakthrough marketing strategies? Was this a clue to the future of creativity and our place in a world dominated by artificial intelligence? I became obsessed with this story in the sky.

One word kept pounding in my brain: Audacious.

Audacious! Is that what it takes to stand out in the world today?

Audacity as a strategy

AI is here. Nipping at the heels of our skillsets and jobs.

Being merely competent won’t cut it. Competence doesn’t create conversations. Competence is ignorable. But audacity? That’s the currency of attention in our overstimulated world.

What if the key to becoming “the signal” isn’t shouting louder, bending AI prompts, or spending more, but the simple human bravery it takes to be … a little nuts?

I discovered that Giant Spoon had created this viral sensation, an agency behind many of my favorite marketing success stories over the years.

I called Marc Simons, one of the agency co-founders, and asked him if he and his team would reveal all their creative secrets to me for a new book. “Absolutely,” he said. The opportunity was irresistible, a siren call to a marketing geek like me. I jumped on a plane to visit him in New York City, the beginning of a journey that included meetings with some of the greatest creative geniuses from around the world — and they all gave me their secrets!

They helped me answer this question: In a world where AI is overwhelming our content world, how do we fight back? How do we unleash the uniquely human fireworks of marketing creativity?

And today, my friends, please welcome one answer to this question:

Audacious book

The reveal

After more than two years of research and writing, I’d like you to meet my new book, Audacious: How Humans Win in an AI Marketing World.

So, you see how the story in the Austin sky truly changed the course of my life. But how does it change yours?

Whether you’re a marketer, entrepreneur, or business owner, you’re longing to be seen, to be heard, to be discovered, and that is more difficult than ever. How do you establish brand awareness in a world where content from bots already dominates more than half the internet?

Here’s a little movie preview of what’s in store for you with this book:

Filled with inspiring stories, hundreds of practical ideas (for businesses with any budget!), and all-new case studies, Audacious describes the essential human elements needed to:

  • Disrupt the story narrative
  • Disrupt where the story is told
  • Disrupt show tells the story

Early readers of the book have been delighted, calling it “a masterpiece,” and “an essential path forward.” This will fill your head with ideas and your heart with hope. And, it’s a lot of fun!

You might have noticed that the book cover is a one-of-a-kind AR experience — the first book of its kind in the world! The cover will display abstract art based on the stories in the book!

Claudia Sciaretta of Pepsi

Inside the book there is a puzzle, videos, and secret surprises. After all, a book named Audacious better be audacious, right?

Why did I spend all this time writing and publishing this book? I’m desperate to get my ideas out to you. I’m a teacher. I know that people need help navigating this overwhelming marketing world, and I have ideas that will help. I’ve spent thousands of hours bringing this to you and I know you will love it. This is my best work.

And this cool little book does not cost much money. Please order your copy today, and let me know how you like it!

CLICK HERE TO FIND AUDACIOUS ON SALE!

PS I also have an all-new speech to go with my book. This new talk was recently the highest-rated speech at a national marketing event, and I would love to bring it to your company or association. Drop me a line! 

Need a keynote speaker about brand communities? Mark Schaefer is the most trusted voice in marketing. Your conference guests will buzz about his insights long after your event! Mark is the author of some of the world’s bestselling marketing books, a college educator, and an advisor to many of the world’s largest brands. Contact Mark to have him bring a fun, meaningful, and memorable presentation to your company event or conference.

Follow Mark on TwitterLinkedInYouTube, and Instagram

 

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Why Gated Content Kills Your Marketing Success https://businessesgrow.com/2025/01/27/gated-content-2/ Mon, 27 Jan 2025 13:00:49 +0000 https://businessesgrow.com/?p=62875 Gated content is a popular way to create leads for a marketing strategy. This post describes why this popular tactic is working against you.

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gated content

Last week, a friend asked me to review a new research report he compiled as a lead magnet for his business. But I knew his strategy was flawed before I even saw the report. I had to provide an email address to access the research. I didn’t want to become part of his email “lead nurturing” program, so I never downloaded the report. “Gated content” killed his content marketing strategy.

I know that sounds counter-intuitive. Most marketers point to the high cost of making exceptional content … Asking for an email address seems like a small price to pay for this value. But by making it difficult for people to access your content, you’re leaving the true value of your marketing on the table. I’ll explain why.

The current state of gated content

Here are some points to provide a perspective of our marketing world today.

  • People hate gated content. Even marketers who gate their content know this. Research shows more than 90 percent of the people interested in the content abandon the sign-up process because they don’t trust what happens next to the email address.
  • Many marketers justify gated content as a fair value exchange but research shows this is not true. Consumers state they are “resigned” to annoying marketing practices and more than half immediately unsubscribe to a site even after they opt-in.
  • Acquiring email addresses in exchange for gated content may not be compliant with privacy laws in Europe and many U.S. states.
  • We are clearly in an era of Content Shock where the competition for content views is vicious. One of the visible manifestations of this trend is BuzzSumo research showing how social shares on a topic decline precipitously as a subject becomes saturated. In other words, unless you are among the first to create content on a topic, getting your content to be seen and shared is extremely difficult.

A new content marketing philosophy

In my book The Content Code, I provide an updated view of content marketing strategy.

100 percent human contentThe philosophy behind the book revolves around the practical idea that the economic value of content that is not seen and shared is zero. Therefore, we must develop competency in not just producing content but igniting it so that it is seen and shared by the most people possible. The most economic value of content marketing doesn’t come from the content, it come from the transmission of the content.

Creating great content is no longer the finish line; it is the starting line. The book outlines six possible strategies to remove barriers and give your content the best possible chance to flow and reach the most people possible.

Requiring people to provide an email address to access your content is about the worst thing you can do in this new view of “content success.” In essence, gated content places a stop sign in front of your content flow. It is an anachronistic way of thinking.

The value exchange

The decision to provide a barrier before your content must boil down to this: Are you going to receive more value from a trickle of people providing their email address, or the flood of people seeing and sharing the content freely? Let’s look at a case study to figure this out.

My friend James Carbary provided this example of how the gated content value exchange played out for his own business. He wrote:

“It took five months for us to get 295 people to sign up for the gated opt-in offer on our website. This progress seemed incredibly slow, so I tried something different.

“A couple weeks ago, I published a status update on LinkedIn explaining that I’d developed a list of 67 content topics that work well on that site. If people wanted the ideas, I asked them to leave a comment that said ‘I want it.’ Then I explained that I would turn the ideas into a free PDF if 100 people left a comment.

“In three hours I had over 150 comments. That post has now been viewed more 160,000 times, and 692 people left a comment saying they wanted the content ideas. We turned the ideas into a PDF, and replied to every comment with the link.

“In five days, my content spread to 692 people, compared to to 295 people in five months. We collected ZERO email addresses through the LinkedIn content but I’m beginning to see why un-gated content might be a smarter strategy.”

The case for amplification

James told me that the most tangible benefit of the ungated strategy was a connection with a high-potential customer and a podcast interview with this powerful new connection.

Some implied benefits in this un-gated content example would probably be easy to track down:

  • Of the 692 people who asked for the content, how many were entirely new LinkedIn connections for James? He didn’t get an email address, but he did get a signal of interest and arguably these new LinkedIn connections might be more valuable in the long-term than an email address.
  • How many of the 692 people responded to a call to action at the end of the report and visited a website, or organically subscribed to receive more content?
  • How many shared the free content with more people inside and outside the company? How much additional flow did this receive because it was free?

Even if the percentage of people sharing content is the same whether it is gated or ungated, you will reach many more people with a base of fans numbering 692 versus 295. And that is happening in a matter of days versus months!

Finally, I shared James’s story, and linked to his website. I can’t recall ever linking to gated content that would require my readers to sign-in to something. So the benefit created by this post would have never happened if he hadn’t given his content away for free.

If you subscribe to my philosophy that the company that moves the most content will win, there is no question that un-gated content provides more potential value.

Branding and trust

I was discussing this issue with a colleague and she said “gated content annoys me. Why would a brand want to be annoying? The company is making me distrust them because I have no idea what will happen to that email address.”

A few years ago, I gave up my email address and (shudder) phone number to access a report from a company I loved and trusted. The next day, I was interrupted at a birthday party from a sales rep calling me from this company. My email was placed on lists for newsletters, webinars, and holiday sales.

Even after I “opted out,” of communications, I was still receiving phone calls and spam from this company.

By abusing me in this way, the company ruined its brand. It went from a company I loved to a brand I would never work with again.

A simple thought exercise: If you’re in a hotly-competitive field (like SEO or digital marketing) and one company has gated content and the other gives their best content away for free, which one will have a more positive brand view?

The research supports un-gated content

Roger Dooley is an expert in the field of neuroscience and marketing. In a post, he points out that from a psychological perspective, un-gated content is the undisputed content champ. Roger writes:

Requiring a user to give up his info before viewing good content is a reward strategy – give us your info, and we’ll reward you by letting you see our wonderful content. This is an appealing strategy at first glance – 100% of the people who use the content will have completed the form, and the information should be a powerful motivator for visitors to proceed.

In fact, most users confronted with a form won’t complete it. If they arrived at the site looking for some specific information, they will likely hit the back button and see if they can access it without the aggravation of form completion and without the risk of getting spammed later.

It turns out that a reciprocity strategy works better – give them the info they want, and then ask for their information. The research shows that twice as many visitors gave up their information if they were able to access the information first. It’s counterintuitive, perhaps, but even though these visitors were under no obligation to complete the form, they converted at double the rate of visitors seeing the “mandatory” form.

The neuromarketing takeaway here is that if you invoke reciprocity, you’ll be working with the way our brains are wired and will be more likely to get your visitors to do what you want them to. (And, as an added bonus, your SEO person will be happy that along with your visitors, Google will be able to see your content, too!)

Gated content and measurement

A compelling argument for gated content is measurement. Providing a tangible demonstration of the value of content marketing is difficult. It’s intoxicating to tell a client or your boss that an eBook (or whatever) resulted in a countable number of sign-ups that might be stretched into a claim of “leads.”

Measuring content marketing can be exceedingly hard. Most can’t do an adequate job. I acknowledge that gating your content may be the politically correct thing to do even if the strategy is flawed based on today’s market realities.

However, I think “social shares” is a more powerful measurement than “number of email addresses.” An email address may translate into … nothing. But a social share represents organic advocacy — better than any ad you could pay for.

An unpopular view

I’ve had many negative reactions to the idea of un-gating content. Here is one of them:

I think if you understand Funnels and the importance email still plays in the sales process then you wouldn’t have written this article. It’s not just about sharing good content — it’s also about turning your audience into customers. How do you do that when you never ask for an email address to move the relationship forward?  It’s all about moving folks through your customer journey. 

I would politely suggest this is an anachronistic view of a world that works in “funnels.” It’s not “your customer journey.” It’s THEIRS.

Most marketing today is not your marketing — it’s the sharing of information that’s going on without you. And if you have a gate, that clogs up the information you want to be shared. Let’s do the math and generously assume that 10% of the people who see your post will call for an appointment. We know that 90% of the people who come across your gate will go away. So for every 100 potential customers, you earn just 10 content views, and one call.

If I un-gate the content, I get 100 views and 10 calls. I am 10x more productive. Also, I have 100 people potentially SHARING my article instead of 10 for you.

By the way, what will you do after getting that email address? Spam your way to glory? That’s why people don’t trust gated content in the first place. You’re part of the problem.

I realize it’s a new way to think, but I can’t imagine a business today working hard to get customers to their site and then letting 90% of them walk away. If you ask people for an email AFTER they see the content, research shows it works better.

In any scenario, the numbers work in my favor, not yours.

A simple rule of thumb

One of the themes in my recent writing is that we have lost our way in marketing. Often, those setting the “standards” we follow aren’t marketers; they are SEO experts, statisticians, and IT professionals. I am not diminishing the worth of these resources, but maybe a statistical evaluation is not always the best guidepost for a marketing decision. Perhaps we need to get our heads out of dashboards and spreadsheets and look at what is happening with our customers in the real world.

Just because something seems favorable because of an A/B test or backlink strategy, it doesn’t mean we should do it … especially if people hate it.

So I’ll end this post with a simple piece of advice. People hate gated content. Don’t do things people hate.

Instead, dig deep to discover what your customers love. Now, go do that thing better than anybody else.

Need a keynote speaker? Mark Schaefer is the most trusted voice in marketing. Your conference guests will buzz about his insights long after your event! Mark is the author of some of the world’s bestselling marketing books, a college educator, and an advisor to many of the world’s largest brands. Contact Mark to have him bring a fun, meaningful, and memorable presentation to your company event or conference.

Follow Mark on TwitterLinkedInYouTube, and Instagram

Illustration courtesy MidJourney.

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How should brands connect to consumer communities? https://businessesgrow.com/2024/12/09/consumer-communities/ Mon, 09 Dec 2024 13:00:48 +0000 https://businessesgrow.com/?p=62909 The key to marketing insights come from consumer communities yet many companies are confused about how to proceed. Mark Schaefer provides some guidance based on his brand conversations.

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consumer communities

I’ve had the honor of working with some mega brands on their community strategies. There’s a growing recognition that this is where the real conversations, collaborations, and insights are taking place (and it’s out of reach of social listening platforms). But how does a brand get involved in consumer communities?

Many brands — big and small — have built their own consumer communities. Look to Nike, IKEA, and Lego as best examples. Sephora operates 2,700 brick-and-mortar stores, yet 80% of its revenue derives from its online community of 6 million fans. That’s not just a community – that’s an economic force of nature.

Here’s the wake-up call: Your customers are already having conversations about your brand. On Reddit. In Discord channels. Through Slack communities. The only question is: Are you part of that conversation or the awkward outsider looking in through the window?

Even if you don’t build your own community, it makes sense to have some presence in hotbeds of consumer insight. Let’s talk about how to do that today.

Community versus audience

Let’s start with an important point. An audience is not a community.

I wrote the bestselling book about why brand communities are the future of marketing (Belonging to the Brand), and one of the most important ideas is understanding the difference between an audience and a community. For example, I hear many people describe their “blog community” or “Instagram community,” but those are not communities. Those are audiences. There’s nothing wrong with that, but it’s not a community.

An audience is one-way. If I blog, I have an audience. If I go away, I don’t. But a collective of people sustains a community and this has important implications for brand marketing.

Here are the three differences between an audience and a community:

COMMUNION

In a community, there is communion — people know each other, like a neighborhood. Members of an audience don’t know each other. This is a critical difference because the goodwill and friendship that occurs in a community spill over into the love for the sponsoring brand. Customer communities represent the highest level of emotional brand connection. If customers are emotionally invested in a community, they literally belong to the brand.

PURPOSE

Something must drive a customer to your community — a unifying purpose. What are your customers yearning to do? Learn something? Change the world? Create, connect, or collaborate? The best communities occur when the brand and the customers share a common purpose.  A community thrives when a company realizes that it can have a bigger impact when the customers come along to help.

A well-known example is Patagonia. What is its purpose? Responsible outdoor recreation. Patagonia’s customers are also devoted to this purpose, creating an ideal opportunity for community.

CONTROL

A company controls its mission, a marketing plan, an ad campaign. But community members drive the direction of the community, at least to some extent. This might sound scary, but wouldn’t it be amazing to have your customers help drive your future based on their wants, hopes and dreams? Access to this first party information is golden for any brand.

The biggest hurdles

Why isn’t every brand participating in brand communities? I consistently hear these obstacles:

Scale — Brands are accustomed to an advertising strategy that can generate millions of impressions. Even a community with 50,000 members doesn’t meet their expectations for vast reach.

Personal involvement — How does a “brand” show up in a community? It doesn’t. A “person” shows up in a community. Real people have to create real connections and relationships. This is a new dimension of customer intimacy that seems intimidating for marketers who are comfortable in cubicle land. There’s no effective way to automate interactions in a community. Somebody has to show up.

Outsourcing — Even when companies buy into a community strategy, they struggle to figure out how to delegate this to an ad agency partner. After all, throughout marketing history, the ad agency usually does the heavy lifting. How does an agency represent the brand in a customer community? It might be possible, but I think that would be unusual. I’m not sure a brand should out-source community relationships.

Measurement –Brands need to understand that these communities aren’t just marketing channels – they’re genuine spaces where people share experiences, advice, and support. If you come into a community trying to reach quarterly sales objectives, you’ll fail in a spectacular way.

For these reasons, brand communities could be a more likely strategy for small- and medium-sized companies with a culture geared to patient, human participation in customer communities.

Connecting to a community

So here’s the million-dollar question: How do brands respectfully enter these spaces?

I’ve reached out to community leaders and asked them, “How could a brand add value to your community?” Several themes emerged:

  • Show that you really understand us, and not just selling stuff. Spend time observing the community’s conversations, pain points, and values before jumping in.
  • Show us relevant new products and how to use them. Pay attention to our pain points.
  • Provide educational content. Teach us something new.
  • Actively participate in community conversations. Be transparent about who you are.
  • Offer exclusive access to executives, designers, marketers, and others who can help us grow.
  • Every community needs content. Is there content that can spark conversations in our community?
  • Offer to help organize community events or challenges.
  • Amplify community members’ voices and expertise, not just your own
  • Help us have fun. Can you sponsor contests, quizzes, and games?

In addition to direct involvement, here are three ideas for indirect involvement that might fit the culture of larger brands:

  1. Many community founders have a blog, podcast, or YouTube channel. Sponsoring their content can be an indirect way to access their communities.
  2. Most large communities have offline events. Could the brand sponsor those activities to gain access to the community?
  3. Could you create an event adjacent to a community? For example, fast-food restaurant Jack In The Box hosted an online late-night party on Discord during Comicon with live music, contests, and food giveaways.

The future

We all live in a world longing to belong. We don’t just want community. We need community to function as healthy humans. A brand community might be the only marketing tactic customers actually embrace.

I’m often asked if any brand can have a community and I don’t know the answer, but I take a clue from Yeti. This is a juggernaut of a brand that began with an ice cooler. They didn’t create this success with advertising. They relied almost entirely on community. In fact, Yeti hosts 12 different communities ranging from skiers to rodeo fans. If a cooler can create a cultural movement, what’s your excuse?

Connecting through communities isn’t just brand marketing; it’s brand anthropology. Your social listening platforms are just scratching the surface. The real gold — the authentic discussions, the brutal honesty, the passionate advocacy — that’s happening in communities you can’t track with a dashboard.

We need to connect to the world in new ways to keep our brands relevant. That means patiently learning about our consumer communities and showing up in a meaningful way.

Need a keynote speaker about brand communities? Mark Schaefer is the most trusted voice in marketing. Your conference guests will buzz about his insights long after your event! Mark is the author of some of the world’s bestselling marketing books, a college educator, and an advisor to many of the world’s largest brands. Contact Mark to have him bring a fun, meaningful, and memorable presentation to your company event or conference.

Follow Mark on TwitterLinkedInYouTube, and Instagram

Illustration courtesy MidJourney

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The biggest threat to free speech and democracy isn’t speech, it’s amplification https://businessesgrow.com/2024/10/21/amplification/ Mon, 21 Oct 2024 12:00:56 +0000 https://businessesgrow.com/?p=62561 Free speech isn't being threatened by "speech." It's being threatened by non-human agents amplifying falsehoods to drive business results.

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amplification

 

The other day I checked in on Twitter (Still can’t bring myself to say X) and saw this tweet:

free speech

About a year ago, Twitter started injecting tweets into my “notifications” stream from people I don’t follow. So, I don’t know Faith Back Rub. Never heard of the account before. And yet, Twitter’s algorithm somehow thought this was one of the most important things for me to see that day.

The message I received was “a famous American football player slammed a presidential candidate.” And then I went on to something more interesting in my busy day.

But then I thought about it a little more: this celebrity American football player is usually non-political. He makes millions in product endorsements and podcast sponsorships. This statement seems uncharacteristic. So I went back to the tweet and clicked on the actual Kelce message:

Kelce tweet free speech

Now my reaction was — well, this is a verified account. Looks like Travis Kelce really did take a clever swipe at Trump. Surprising. But what is this “Parody by Rub” thing in the corner? Is this real or not? Now, I had to dig to figure out what was going on. And here’s the truth:

This did not come from Travis Kelce, but how would I obviously know that? Remember how this showed up in my news feed: There was no indication that this was fake news when it was displayed to me. I read the headline and moved on.

As it turns out, most people who clicked through were fooled by this tweet, even though it was identified as a “parody.” I know this because there were nearly 1,000 comments on this tweet, most of them Trump supporters blasting Travis Kelce — who had nothing to do with this opinion.

And this is the true problem with social media. The threat to our society doesn’t necessarily come from what people say, it comes from algorithms amplifying disinformation.

The implication of amplification

Everybody has a right to say what they want to say, even if it’s incorrect or controversial. When the American Founding Fathers drafted the Constitution, even the most powerful and compelling voice back then could only hope that somebody would read their pamphlet or hear a speech. Information spread slowly, and mostly, locally. Even a juicy conspiracy theory couldn’t get nationwide attention very easily.

But today, damaging content can spread instantly and globally. And that puts a new spin on the issue of free speech.

U.S. Supreme Court Justice Oliver Wendell Holmes famously said there is a limit on free speech: “You can’t yell ‘fire’ (with no fire) in a crowded theater.” But today, anybody can yell fire, and it can impact the opinions of hundreds, thousands or even millions of people. Amplification matters. Amplication is the threat. Why isn’t anybody taking responsibility for this?

Social media companies must be accountable

Let’s think through the case study I presented today.

  • Twitter’s algorithm—no human being—decided to amplify news clearly marked as fake into user news streams without indicating that it was a parody (the first screenshot above).
  • Based on the comments, two-thirds of the recipients of this tweet thought it was real, or 342,000 people.
  • But that’s just the beginning. This fake news was retweeted 7,700 times!

This example was relatively harmless. The parody tweet probably caused Travis Kelce some irritation, but maybe that goes with the life of a celebrity.

However, what if this amplified fake tweet was devastatingly serious?

  • What if a “verified account” called off evacuations in the middle of a hurricane?
  • What if a fake account said every computer was hacked and would blow up today?
  • What if the tweet accused Travis Kelce of beating up his girlfriend Taylor Swift?

My point is that Twitter and any other platform that employs algorithms to knowingly spread false claims should be held accountable.

In a recent interview, author and historian Yuval Noah Harari made this comparison: People can leave any comment they want on an article in The New York Times, even if it’s false. But amplification from social media companies is like the newspaper taking a bizarre, false comment and putting it on the front page of their newspaper.

That’s irresponsible and dangerous to society. Nobody would stand for that. And yet, we do.

Aim at amplification

As we enter the AI Era, the danger of fake news and its implications grows profoundly.

Let’s cut to the chase — Twitter knowingly lied to me to increase my time on their site and benefit its bottom line.

While it would be nearly impossible for any platform to monitor the comments of millions (or billions) of users, it’s much easier to hold companies accountable for spreading known false information to innocent people. This is a simple first step to protect people from dangerous falsehoods.

Why is nobody talking about this? Addressing bot-driven “sensational amplification” is a much easier fix than trying to regulate or suppress free speech. This must be a regulatory priority.

Need a keynote speaker? Mark Schaefer is the most trusted voice in marketing. Your conference guests will buzz about his insights long after your event! Mark is the author of some of the world’s bestselling marketing books, a college educator, and an advisor to many of the world’s largest brands. Contact Mark to have him bring a fun, meaningful, and memorable presentation to your company event or conference.

Follow Mark on TwitterLinkedInYouTube, and Instagram

 

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The Parasite Economy: An Upside for Creators https://businessesgrow.com/2024/10/14/parasite-economy/ Mon, 14 Oct 2024 12:00:51 +0000 https://businessesgrow.com/?p=62510 Ted Gioia sounded the alarm about a parasite economy where creators do the work and media companies make the money. But there is a more positive side to the economics of the digital economy.

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parasite economy

Today, I’ll explain the Parasite Economy and why it is destroying businesses but opening up new opportunities for creators.

For many years, I’ve subscribed to Ted Gioia’s newsletter, “The Honest Broker.” It’s hard to describe this newsletter. Ted is a music critic and historian whose musings tend to wander all over the cultural landscape. But he has a knack for consistently connecting the dots in insightful ways, and I almost always learn something from his posts.

In an article titled “Are We Now Living in a Parasite Culture?” Ted makes an observation that is profound in its simplicity and wisdom. It goes like this:

“Nowadays, parasite businesses are the largest corporations in the world. Their technologies do many harmful things, but lately they have focused on serving up fake culture, leeching off the creativity of real human artists.

“Just take a look at the dominant digital platforms—and consider how little they actually create. But the amount of leeching they do is really quite stunning, especially when compared with the dominant businesses of the past.

  • What does Facebook really create? Almost nothing. It relies on 3 billion users to create content (ugh!—their word, not mine), and then monetizes these people and their unpaid labor.
  • What does Google really create? Almost nothing. Just look at how it destroys newspapers, while doing zero journalism itself. The comparison with a parasite could hardly be more apt. It feeds off the news, but never adds to it.
  • What does Spotify really create? Almost nothing. The folks at Spotify don’t worry about their lousy app, because they’re so busy sucking blood from the creative economy, to which they contribute not one whit. Meanwhile, their CEO is now richer than any musician in the history of the world.
  • What does TikTok really create? Almost nothing. This company relies on one million creators—none of them are employees. Most of them are working for hopes and dreams. TikTok is run like a Hollywood studio, but without cast, crew, directors, scriptwriters, or any creative talent whatsoever. But that hardly matters when you’re just a parasite living off unwitting hosts.

“Consider the case of the woman who attracted 713,000 TikTok followers and generated 11 million views for her videos—and got paid $1.85 over the course of five months. No that’s not $1.85 million—it’s one buck and eighty-five pennies. You can practically hear the lifeblood getting sucked out of the creator economy.”

Ted’s post continues, and he concludes by saying, “For the first time in history, the Forbes list of billionaires is filled with individuals who got rich via parasitical business strategies—creating almost nothing, but gorging themselves on the creativity of others.”

As usual, Ted made me think long and hard. I agree with him, but there is another side of this coin. In fact, the Parasite Economy is the best thing that ever happened to me in my professional life. And it can be for you, too. Today I’ll explain why.

The Parasite Economy’s Poster Child

On the surface, I am the poster child for “Victims of the Parasite Economy.”

100 percent human contentI’ve probably added 20 million words to the social web through my blog and podcast alone. Google and its algorithm brotherhood crawl the internet like bugs, chewing my content like termites and then hurling it back out as an indistinguishable paste. The molecular material of my precious content is within everything now—no attribution, no money, no customers.

The years of effort behind this content are now part of the immortal glue that holds AI together. How have I been compensated for my significant content contribution? Nothing at all. I’ve never received one penny from Google, social media sites, or an AI company.

And yet, after 15 years of blogging and 12 years on the podcast, I keep churning out more. In fact, I think I’m doing my best work ever, giving away my most valuable ideas and insights every week.

Through Ted’s view, I should be incensed. But I’m grateful. Here’s why.

The Benefits of the Parasite Economy

While it’s true that I’m not making money from my content, I’ve made millions of dollars over the course of my creator career because I built an audience. You can’t have an audience without awareness, and you can’t have awareness without giving away valuable content.

I can see why Ted or any creative would feel abused because their content is consumed, loved, and shared without compensation. The key to surviving in the creator economy is not counting on your content for revenue. Those days are gone. So go ahead and grieve that reality, but get over it and look for other profitable ways to serve your audience.

I have 24 revenue streams. The most important ones are:

Until last year, I would have had marketing strategy consulting on the list — this was number one for many years. But I’ve been turning down these opportunities due to the wear and tear of travel.

My point is that, purely based on the awareness provided by the Parasite Economy, I’ve reinvented myself in a way that has allowed me to move away from the 9-5 corporate job.

The economics of our world today

I’ve never received a dime from Google or Facebook, but I’ve also never paid them (or anyone) a dime in advertising. So, at least for me, it’s been a fair trade-off.

Likewise, even a media company like The New York Times has been able to reinvent itself by diversifying into new media properties like podcasts, events, books, and speaking (they are building personal brands for their best reporters).

I am NOT dismissing the galaxy of negatives about internet parasites, including many of the good points Ted made in his post.

But I wanted to provide an alternate view that, with some creativity and resourcefulness, a creator can thrive, even under these strange circumstances.

Need a keynote speaker? Mark Schaefer is the most trusted voice in marketing. Your conference guests will buzz about his insights long after your event! Mark is the author of some of the world’s bestselling marketing books, a college educator, and an advisor to many of the world’s largest brands. Contact Mark to have him bring a fun, meaningful, and memorable presentation to your company event or conference.

Follow Mark on TwitterLinkedInYouTube, and Instagram

Illustration courtesy of MidJourney

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A spicy marketing lesson from Ed Sheeran https://businessesgrow.com/2024/09/23/a-spicy-marketing-lesson-from-ed-sheeran/ Mon, 23 Sep 2024 12:00:29 +0000 https://businessesgrow.com/?p=62370 Big brands seem to be missing out on one of the hottest influencer marketing trends. They could do very well by taking this marketing lesson from Ed Sheeran.

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marketing lesson from Ed Sheeran

About a year ago, singer Ed Sheeran partnered with Heinz on a new hot sauce. This is a great lesson literally pointing to the future of influencer marketing, and I kept forgetting to blog about it. But before I get to the dazzling marketing lesson from Ed Sheeran, let’s talk about the marketing problem with soap …

The new influencer landscape

I recently attended a meeting at a CPG company famous for its iconic soap products. They went through a big competitive analysis with profiles of all their traditional global competitors. At the end of the talk, I sheepishly raised my hand and suggested they had completely missed their biggest competitive threat. It isn’t P&G. It isn’t Unilever. It’s a 24-year-old TikTok star.

Influencer marketing has entered a new phase. The biggest stars’ celebrity power commands more loyal audiences than traditional TV networks. Mr Beast has more subscribers than Netflix.

These aren’t just kids shilling energy drinks. They are savvy entrepreneurs who are building their own mega-brands. Here are a few examples:

  • Addison Rae – Item Beauty
  • Emma Chamberlain – Chamberlain Coffee
  • Charli and Dixie D’Amelio – Social Tourist (clothing line)
  • Hyram Yarbro – Selfless by Hyram (skincare line)
  • Blair Walnuts – Jewelry line
  • Michelle Khare – MKfit (fitness app)

And, of course, there is Kylie Jenner, the world’s youngest self-made billionaire who sells her cosmetics in airport kiosks,

These young creators have something the big companies don’t—a credible, authentic voice and a loyal audience that visits them online daily to see what they’re selling next.

And that brings us to the marketing lesson from Ed Sheeran.

The beautiful ketchup move

Like the other influencers I mentioned, Ed Sheeran could have created his own line of hot sauces and a saucy empire. But why?

Partnering with Heinz made so much more sense. For one thing, Heinz actually makes stuff. They have contracts with suppliers, big factories, and an excellent distribution system built over a hundred years. So, with very little actual effort, Ed made his hot sauce dreams come true just by lending his charming face to the new brand. Win-Win.

And here’s the lesson for the mega-brands. Put your marketing ego aside. Go find yourself some beloved influencers and make them rich. They can out-market you, but you can out-manufacture them. It’s a match made in heaven.

Since the Ed Sheeran announcement, I’ve been waiting for a deluge of influencer-brand product launches, but there have been very few. I don’t get it. Influencers own your market, folks. Partner with them to disrupt your market before you’re the one being disrupted.

if you’d like to hear more about this subject, I discussed these ideas with my friend Amanda Russell. You won’t want to miss it!

Click here to enjoy Marketing Companion Episode 298

Gen Z exposed sponnsors

Please support our sponsor, who brings you this amazing episode.

Bravo for Brevo!

Brevo coupon codeThis episode is brought to you by Brevo (formerly Sendinblue). Brevo gives you the tools to attract, engage, and nurture customer relationships.

Now any business can build automated customer experiences, email marketing workflows, and landing pages that guide your customer to your main message. We are here to support businesses successfully navigating their digital presence in order to strengthen their customer relationships.

Go to https://www.brevo.com/marketingcompanion to sign up for Brevo for free and use the code COMPANION to save 50% on your first three months of Brevo’s Starter & Business plan!

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The biggest mistake content creators make today https://businessesgrow.com/2024/07/15/biggest-mistake-content-creators-make/ Mon, 15 Jul 2024 12:00:22 +0000 https://businessesgrow.com/?p=62214 This is an examination of the biggest mistake content creators make today. It's an improbable problem that is probably looking you right in the face every day.

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biggest mistake content creators make

The topic for this blog post came to me in a dream. I woke up from my dream thinking, “Yes, it’s true. There really is one big mistake content creators make. I should tell others about it!”

I’m sorry this dream wasn’t more exciting or titillating. Maybe my other dreams will be a story for another day. Or not.

Before I reveal my dream-truth, I need to review a basic content marketing philosophy:

Content must be unleashed.

It doesn’t matter if you’re creating epic content or the best work of your lifetime if nobody sees it. The power in your content doesn’t from the content. It comes from the transmission of the content. We want our work to move, which leads to awareness, fans, subscribers and people who will buy things from us.

The biggest mistake content creators make

OK, let’s think this through.

You create great content. You post it everywhere. Somebody bites. They click on the link and what do they see when they arrive at your website?

A blog post? A video? A podcast episode?

Of course … but what else? If you’re like most people, the answer is … nothing. And this is the problem.

When I visit most blog posts or other web content, I can’t even tell who wrote it. I don’t know what this site is about. I don’t see a place to subscribe. I don’t see a place to share the content on social media if I like it. It’s a marketing dead end!

When people click on a link to your content, they don’t arrive at your home page. They arrive at your content. And if all you have on this page is your content, you’re missing a massive opportunity. In fact, this is by far the biggest mistake content creators make today.

In essence, your content page needs to be a mini-landing page for your business. You spend all this time bringing people to your business, but it’s not your business—it’s just a piece of content. They read it and leave. TRAGIC!

Here is your goal: Keep them on your website. You should put as much thought and design into your standard content page as your home page. The longer you keep them on the page, the bigger the chance they will subscribe to your content, share it, or even buy something from you. So don’t miss this opportunity.

Let’s learn how to do this …

The mini home page

If I were sitting with you over coffee, I would pull out my laptop and give you a demonstration. I would probably even buy you the coffee. But since we might be thousands of miles apart, I’ll walk you through it and owe you the coffee when we finally meet. Deal?

As I give you this lesson, it would be helpful to look at how I display my own work, the result of many years of testing. If you like, open up this blog post as you read the rest of my tutorial so you can visualize the lesson.

We’ll start at the top and learn how to make your content into a mini home page.

100 percent human contentOn my post, what’s the first thing you see under the headline? Social sharing buttons. I can’t believe how often I go to a site and have to work to figure out how to share the content.

Research shows your content will be shared 400% more if you simply add social sharing buttons. The total social shares displayed on my buttons isn’t accurate. It’s sort of a long story why they’re not, and it’s frustrating that nobody has worked that out, but put the buttons up there anyway. No excuses.

Next: An eye-catching graphic. If somebody sees your content shared on LinkedIn or Twitter, the first thing that grabs their attention is the graphic. Maybe you can stop them long enough to read the headline and get a click. The image that goes with your content is also an SEO boost because you can add meta tags to the photo to help Google figure out your content.

Let’s start looking at the right-hand column. You first see a call to action to spend time with me. Cool.

However, the next field, an invitation to subscribe, is the most essential item on the entire page. Why? Because a subscriber is opting in to you and what you do. They are volunteering to hear more. They are becoming members of your email list and possibly future customers.

You might be asking yourself, if the subscribe button is the most critical part of the page, why isn’t it at the top of the column? Heat map studies show that the top right corner of the web page is invisible to many people. I don’t know why, but the conclusion is consistent. So, the top of the column is sort of a throw-away item to get people to the next block which encourages them to subscribe.

As you go down the rest of the column, you’ll see:

  • An opportunity to buy my book
  • An invitation to attend my marketing retreat
  • News about a class I am teaching
  • An ability to search the site
  • A little welcome message so people know who I am
  • Boxes to search my posts by topic, date, or recent articles.

These are all things you might expect to see on a homepage. But most visitors who click on a link never see your home page. We need to fill that gap and give them lots of things to do. Remember, we want to keep them on the website.

Now let’s skip to the very bottom of the blog post. What have we here? A photo of me and further invitations to engage and connect. 

You might note that this page has lots of reasons to buy something from me, but I never sell within the content of the post. Some content gurus insist that you should sell something on every blog post, but I say phooey. I think that’s annoying and disrespectful. I wouldn’t want to subscribe to a constant sales pitch, would you?

But we’re not finished. Under my bio is another opportunity to share the post on social media because we want to get this content to move!

Next, there are a couple of prompts to send you to similar posts on my site. These are free WordPress apps that increase your time on my site by 18%. Huzzah!

And we wrap things up with another opportunity to connect with me on something like buying a book.

Just copy me

I just gave you some ideas for overcoming the biggest mistake content creators make today. My guess is that you have almost none of this on your page today. These ideas are easy to implement and can elevate your content immediately.

Everything I’ve covered here is free if you have a WordPress site. Nothing custom. Ask your web person to review my blog posts and copy my format. I’m happy to help you in that way.

It’s upsetting that so many people put their heart and soul into great content, only to have it languish on a boring, useless page.

I hope these ideas will give your content and business the boost they deserve.

Need a keynote speaker? Mark Schaefer is the most trusted voice in marketing. Your conference guests will buzz about his insights long after your event! Mark is the author of some of the world’s bestselling marketing books, a college educator, and an advisor to many of the world’s largest brands. Contact Mark to have him bring a fun, meaningful, and memorable presentation to your company event or conference.

Follow Mark on TwitterLinkedInYouTube, and Instagram

Illustration courtesy MidJourney

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The problem with social listening platforms and disconnected customers https://businessesgrow.com/2024/05/27/disconnected-customers/ Mon, 27 May 2024 12:00:34 +0000 https://businessesgrow.com/?p=62019 Can we still use social listening platforms to reach increasingly disconnected customers? Mark Schaefer and Sara Wilson discuss the challenges with current methods on The Marketing Companion podcast.

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disconnected customers

Sara Wilson and I are both obsessed with a similar professional passion: Cutting through all obstacles to reach our customers. Becoming the signal against the noise.

I can argue that this is the most difficult time in history to break through and reach customers — by far. I’ve written about this extensively, but the short story is, our customers have largely become their own ad-free, isolated, curated media outlets.

Another dynamic that is good for consumers but bad for brands is the move toward online communities for connection and information sharing. Sara believes that communities are now the primary online gathering place for customers. That is a radical and profound change from the public forums of social media, a fertile field of data for our social listening platforms.

The latest episode of The Marketing Companion is a show bursting with big ideas and a healthy debate about what’s happening and what’s next as we fight to connect to customers who don’t want to be tracked and found. There are some bold new ideas in the show as Mark and Sara connect the dots on one of the biggest problems facing companies today.

We cover some big ideas …

  • Can a hashtag become a community?
  • Can a brand truly participate in a community … or is it a person?
  • Is the idea of an “affinity group” the key to new social platform success?
  • How do we find the nuance and insights that lead to innovation?

This is a mesmerizing conversation and all you have to do is click here to listen in …

Click here to enjoy Marketing Companion episode 290

Gen Z exposed sponnsors

Please support our sponsor, who brings you this amazing episode.

Bravo for Brevo!

Brevo coupon codeThis episode is brought to you by Brevo (formerly Sendinblue). Brevo gives you the tools to attract, engage, and nurture customer relationships.

Now any business can build automated customer experiences, email marketing workflows, and landing pages that guide your customer to your main message. We are here to support businesses successfully navigating their digital presence in order to strengthen their customer relationships.

Go to https://www.brevo.com/marketingcompanion to sign up for Brevo for free and use the code COMPANION to save 50% on your first three months of Brevo’s Starter & Business plan!

Illustration courtesy MidJourney

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The art of starting and stopping content projects https://businessesgrow.com/2024/04/24/content-projects/ Wed, 24 Apr 2024 12:00:33 +0000 https://businessesgrow.com/?p=61924 When it comes to content projects, should you be a model of consistency or change with the times? How do you when to start or stop your projects?

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content projects

When it comes to my content projects, am I a coward or a genius?

This is an internal debate I have when considering my content strategy. It goes like this …

I have three main content projects:

  1. A blog I’ve populated with content at least once a week for 15 years.
  2. A podcast now in its 12th year (never missed an episode)
  3. Marketing-related books (counting all editions, 16 since 2010)

I have been a model of consistency.

But when I look around the industry, my colleagues are stopping and starting content projects all the time. Limited edition podcast series. A small video series. Or completely abandoning major content assets and starting over.

And I wonder if I am missing something. Am I boring, or am I consistent? Am I stuck, or am I focused? Am I in a groove or stuck in a trough?

When do you know it’s time to stop and start over, or when it is time to start at all?

This is the debate I have with my friend Jay Acunzo, who has stopped and started many newsletters, podcasts and video series over his career. In the new episode of The Marketing Companion, we explore the psychology and business benefits of starting and stopping your content projects. Click here to listen!

Click here to enjoy Marketing Companion episode 287

Gen Z exposed sponnsors

Please support our sponsor, who brings you this amazing episode.

Bravo for Brevo!

Brevo coupon codeThis episode is brought to you by Brevo (formerly Sendinblue). Brevo gives you the tools to attract, engage, and nurture customer relationships.

Now any business can build automated customer experiences, email marketing workflows, and landing pages that guide your customer to your main message. We are here to support businesses successfully navigating their digital presence in order to strengthen their customer relationships.

Go to https://www.brevo.com/marketingcompanion to sign up for Brevo for free and use the code COMPANION to save 50% on your first three months of Brevo’s Starter & Business plan!

Illustration courtesy MidJourney

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