Holloway Editione1.0.0
Updated August 14, 2024Youβre reading an excerpt of Great Founders Write, by Ben Putano, writer, entrepreneur, and book publisher. Heβs the founder of Damn Gravity Media, a publishing house that inspires and educates tomorrowβs great founders. Purchase now for lifetime access to the book and on-demand video course.
Building a high-value audience starts with creating high-value content.
This is not a lesson in going viral or hacking social media algorithms. Those tactics change constantly and are not entirely in your control anyway. Instead, Iβm going to share five principles for building an engaged, passionate following of any size. These principles havenβt changed in millennia, and they arenβt likely to change anytime soon.
Letβs dive in:
The first step to building an engaged audience is knowing why youβre building one in the first place.
Jay Acunzo knows exactly why heβs building an online audience: to support his high-ticket consulting and speaking business. This is one reason why he chose to start a podcastβa terrible channel if your goal is to build a large audience, but excellent for building deep relationships with your listeners.
Amanda Natividad also has clear goals. As the VP of Marketing at SparkToro, an audience research startup, her Twitter following has recently ballooned to over 100K followers. But building a large audience was never the point. βI donβt want to be famous or go viral,β she told me. βI just want my ideas to resonate in my industry.β
Natividad thinks about audience-building as a tool. She calls it networking at scale. Her audience gives her the type of leverage that Naval alluded to: a marketplace for her ideas, businesses, and side-projects.
But goal-setting is a tradeoff. Any goal will take time and energy away from your other priorities. Whether you want to build a Toyota audience or Tesla audience, your efforts need to fit in with the rest of your work and personal life.
To set the right goals for your audience-building aspirations, I use a technique called ecological goal-setting. See the section Practice, Practice, Practice for the full exercise.
Everyone lives as the main character of their own story. Remember this as you set out to build an audience. You are not the heroβyour customer is.
Your role is to guide them on their journey.
The Heroβs Journey is a story as old as time. Itβs the ultimate saga of human trial and triumph. Any time we find ourselves wanting, striving, succeeding, or failing, weβre following in the footsteps of our favorite heroes: Hercules, Joan of Arc, Luke Skywalker, Usain Bolt, and Queen Elsa.
Many companies use the Heroβs Journey to connect with potential customers. One of the best modern examples is Nike, the brand that promises to βBring inspiration and innovation to every athlete* in the world (*If you have a body, you are an athlete.)β Nike supports athletes with equipment, clothing, and inspiration to do what they do best. They make their customers the heroβthose of us who strive to be like Serena Williams or Michael Jordan.
But not everyone sees themselves as a hero. Some people want to be rebels. Others want to be adventurers. Again, brands play the role of the guide: Harley Davidson and Vans help their customers feel like outlaws. Patagonia and Red Bull fuel our epic journeys.
Traditional marketing logic says to put your brand at the center of the story:
βRecommended by nine out of ten dentists.β
βChoosy moms choose Jif.β
βThe Worldβs Cheapest Car.β
But todayβs best brands teach us a different lesson: Make your customer the hero, rebel, or adventurer of their own story. Your job is to guide them along the way.
So how do you make your customer the main character of your story?
First you need to know what their unique journey looks like. Then you need to create content that serves as a guidebook for them along the way.
During my days at WeContent, we developed a tool to help companies tell more customer-centric stories: The Heroic Customer Story (HCS) framework. The HCS not only helps you build empathy for your customer, but identify content ideas for every part of their journey.
Spend time answering each question of the HCS in detail. By the end, youβll have dozens of high-value content ideas that have a direct impact on your customerβs life:
The Hero
Whatβs your customerβs name?
Do they see themselves as the hero, rebel, outlaw, adventurer, caregiver, or something else?
What is their current status quo like?
Aspirations
What do they want out of life?
What do they need?
Challenges
Call to action
They meet a guide (you or your brand)
Why do you want to help? (Consider your mission and business goals)
Why should they trust you?
Who paints a vision
Gives them tools and a plan
Hero faces obstacles
What challenges will the hero face along the way?
What external challenges stand in their way?
What internal beliefs must they battle?
But achieves victory
What does βsuccessβ look like for your customer?
How will you know when theyβve achieved it?
What will success hear, sound, and feel like?
And transforms along the way
The Heroic Customer Story aims to plant you in the life of your customers for the long haul. Paint the vision, help them along their journey, and watch them transform into the people they were meant to be.
One last thing to keep in mind: Who youβre not writing for is just as important as who you are writing for. For many of us (including myself), we naturally aim to please everybody. This is a bad habit that can make our writing boring and average.
Take a moment to describe exactly who youβre not trying to serve in your writing. This will give your work a distinct edgeβa line that differentiates your tribe from everyone else.
Donβt be offensive, but donβt be afraid to be an acquired taste, either.
With your Heroic Customer Story mapped out, now itβs time to talk about you. How will you stand out from the crowd?
Itβs not just about what you write about, but how you do it.
When it comes to positioning, there are two schools of thought: Owning a niche and finding your key differentiators.
Owning a niche means finding an untapped segment of your market and then winning over that entire audience. This path is getting more and more difficult due to the explosion of competition in virtually every industry, but it can be very lucrative. To find an unoccupied niche, you have two options:
Split an existing niche into an even more specific sub-segment
For example, if youβre building a CRM for small real estate investors, youβre already facing fierce competition. But what if you niched down to female investors just getting into real estate? In a male-dominated industry, this could be a lucrative niche. Ellevest has carved out a similar position in ETF investing.
Create a new category
Category creation is the process of creating a brand-new class of product or way of doing business. For individuals, category creation could also mean coining a term for the type of work you do. Nicolas Cole, for example, coined the term βdigital writerβ for someone who writes online to grow their audience. Being a category creator can be highly lucrative but challenging. First, you need to create a truly different product or experience. Second, you need to educate your audience on what this new category is and why they should care.
The biggest benefit to owning a niche is the opportunity for rapid growth. If you find a truly untapped marketβespecially one thatβs highly motivated and interconnectedβyou can become the go-to resource for that audience. Owning a niche makes you immediately recognizable and more memorable in a crowded market.
But there are downsides to owning a niche. The biggest drawback is being boxed into a highly specific category. Owning a niche requires you to stay obsessively on-topic. This is constraining for anyone who wants to explore multiple interests. It also caps your potential growth to the size of your niche unless you choose to branch out. Many individuals and brands have successfully grown out of their niche, but you risk losing your most fervent audience members by doing so.
So whatβs the alternative to owning a niche? Find your key differentiators.
βI donβt think you have to double down on a niche in order to grow,β Amanda Natividad told me. βIf you focus on your key differentiators instead, youβll be able to grow your audience in a healthier way.β
Finding your key differentiators is a little less cut-and-try than owning a niche. Simply put, your key differentiators are what make you different and better to your target audience. This could include a single factor like price, or a combination of hard and soft traits like your business model, values, tone of voice, or customer service.
It can be slower to build an audience based on your key differentiators than by owning a niche. But the benefit is building an audience who follows you for you, not your category.
βFocusing on your key differentiators will lead you to developing true fansβpeople who follow you and care about what you have to say based on the way you think,β said Natividad.
To find your key differentiators, ask yourself these four questions:
What am I really good at?
Donβt just think about your marketable skills, but your personality and soft skills as well.
For example, Natividad is an expert in content marketingβsheβs done it for eight years for some of the biggest brands in the world. But sheβs also a professionally trained chef and has a knack for making people feel seen and appreciated. This is a unique and powerful triad of skills.
Think about the compliments you get, what people pay you to do, and the traits that make you, you.
What am I interested in?
If youβre a human being, your interests probably extend beyond your work (sorry, robots).
Your mix of interests can be one of your key differentiators. I write and publish books for entrepreneurs, but I also love travel, urban planning, architecture, and playing ultimate frisbee. These arenβt passive interests, either. I learn important lessons about life and work from these extracurriculars.
Natividad is obviously interested in content marketing, but she also loves to share original recipes for food and cocktails. And as a mother, she also shares occasional misadventures of family life.
What does my audience want or need?
By this point you should have a clear idea what your audience is looking for. Refer to your Heroic Customer Story:
What do your customers want out of life?
What do they need?
What stands in their way from living the life they want?
Who do they want to become?
How can I deliver differently?
Owning a niche is about what you do. Your key differentiators focus on how you do it. That makes a huge difference for your audience.
Steph Smith, an author and former marketer with The Hustle, said in an interview with Growth Machine:
Rather than focus on your end product or serviceβyour βwhatββfocus on your how: how you, and only you, can deliver this product differently.
Will you bring a sense of humor to an otherwise stale industry? Could you provide short, easy-to-digest snippets of information? Can you design infographics that help break down complex topics?
How you deliver your products, services, and ideas is just as important as what you deliver. Donβt underestimate the power of being different.
Your key differentiators live at the intersection of these four questions. Take stock of all the things that separate you from your competitors, then combine them in a unique way. Donβt look for validation from your industryβif you do it right, your approach will be unlike anything else. And thatβs exactly what you want.
βIf you can see your path laid out in front of you step by step, you know itβs not your path,β said Joseph Campbell, author of The Hero with a Thousand Faces. βYour own path you make with every step you take. Thatβs why itβs your path.β
Be bold. Be different. Be relentlessly you.
The number one reason why founders fail to build an audience is that they give up before they ever really get started.
Building an audience takes time. Starting and stopping after three months will look like a failure, but you havenβt even left the starting gate. Prepare to commit to twelve to eighteen months of consistent writing.
But the exact definition of consistency is different for everyone. Social media rewards people who show up daily, but itβs more important to pick a cadence that works for you. Donβt push out C-grade content just to say you did it.
Consistency is the most reliable way to improve your skills as a writer and build momentum with your audience. Start by blocking time on your calendar for content creation. This could be twenty minutes, an hour, or even a few hours every week. Protect this time as an investment in your future. Every piece of writing is another degree of leverage for your business.
Refine your content strategy over time by seeing what performs and what doesnβt. If one newsletter outperforms the others by two or three times, take that as a sign of a topic your audience is interested in. Explore that topic deeper to see if you can double down on your success. At the same time, watch for topics that fall flat. Keep tweaking your messaging until you get the response you want or move on to topics with higher engagement.
Consistency is the only thing you canβt fake. If your goal is to build an audience, be nothing if not consistent.
As a writer and entrepreneur, the thing I value most is the people Iβve met on my journey.
Building an audience can quickly become a soulless numbers game if you forget about the people on the other side. Take time to start one-on-one conversations and build actual relationships with others. If youβre on Twitter, DM someone who regularly comments on your posts. Ask them about their goals and how you can help. Jump on a call with an email subscriber who opens every one of your newsletters. Where do they live? What do they do in their free time? What obstacles stand in their way?
Building relationships is good for the soul and good for business. Itβs very difficult to quit products or services when youβve had a personal conversation with the founder. The more time you spend building relationships, the more fervent your audience will become.