Whatever you do in 2021, make sure you’re building your media business around something valuable enough to pay for.
It might seem unoriginal to say this in a prediction of trends, but 2021 will be like the past ten years in media: a constant battle for attention. Media continues to compete with every single app on your phone. 2021 will require you to go deeper in building a direct relationship — with not just your users or audiences, but with your true believers. Unless you’re able to capture attention and build a relationship, you can’t monetize, and therefore, you don’t have a business.
We really mean believer, because these people are often buying into a mission they believe in, not just a subscription to a media product.
Who are your media company’s true believers? It’s in the data, but you probably already know many by their first names. It’s the person who types your URL into their browser — or has had your website open in a tab for months. She shows up at almost every single online event you run. His newsletter open rate is hovering around 84 percent. She’s liking every other one of your tweets.
Your work in media needs to be dictated by how you serve your 100 truest believers. We need their voices to inform our decisions about how we run our businesses, how we think about finding, processing, and publishing media — both in the form of quantitative, structured information and in subjective, anecdotal conversations.
Yes, actual conversations. As privacy regulations encroach, you’ll have to resort to more traditional ways of understanding your believer; you may actually have to talk to them.
These aren’t just conversations about what she thinks about your podcast — these are conversations about who she is. What does she do for work? What problems does she live with? What does she do when she’s bored?
You’ll probably realize a lot of things quite quickly. What is at the core of your media business? What can you do to address her problems — maybe even solve them? What are your operating principles? And who is your competition?
Here’s another realization that will likely follow quickly: Your competition isn’t limited to other organizations that also do news. Your competition is what your true believer spends her time doing instead of reading your Very Important Article. Often, it’s Netflix. Or Fortnite. Or, as Netflix themselves once put it, sleep.
Another realization will come around the amount of content you produce. In those conversations with your believers, ask them whether they really wake up every morning looking for the day’s breaking news. Chances are she isn’t really thinking about your news cycle. So do you really need to be publishing 25 stories a day? Or are you shouting into that existential void of publishing: If nobody’s reading your stories then do they really exist? Fewer, more relevant stories are the way forward.
A great deal of how she consumes media is in her social feeds. This is an incredible opportunity to break yourself out of that ever-churning cycle and own your own conversation with her. All the tools to do this exist on your phone, and they’re mostly free or cheap: email newsletters, podcasts, and good old-fashioned chats over a coffee (or, these days, the friendly neighborhood video platform of your choice). If you don’t ask, how will you know?
Remember the marketing funnel? Awareness, interest, desire, action, loyalty. There’s another important stage at the end of this: advocacy. Someone who will stand up and tell everyone else how useful (and valuable!) you are to them. After all, that’s one reason they’re a believer in the first place.
They probably believe in your principles. They probably believe in your work. They also probably believe in you, because you’ve demonstrated that you see them and validate them and respect their opinions. But more than anything, they probably find what you do useful and relevant to their lives.
Your believers are your best advocates. How many people do you have in your Mailchimp mailing list who would do that for you? Having a 10,000-strong mailing list doesn’t matter if none of them will vouch for you. Having 300,000 likes won’t matter if they’re drive-by likers.
Your relationships with these believers are profoundly valuable; they’re making an investment in you. Don’t blow it.
Rishad Patel is a product designer and co-founder of Splice.
Whatever you do in 2021, make sure you’re building your media business around something valuable enough to pay for.
It might seem unoriginal to say this in a prediction of trends, but 2021 will be like the past ten years in media: a constant battle for attention. Media continues to compete with every single app on your phone. 2021 will require you to go deeper in building a direct relationship — with not just your users or audiences, but with your true believers. Unless you’re able to capture attention and build a relationship, you can’t monetize, and therefore, you don’t have a business.
We really mean believer, because these people are often buying into a mission they believe in, not just a subscription to a media product.
Who are your media company’s true believers? It’s in the data, but you probably already know many by their first names. It’s the person who types your URL into their browser — or has had your website open in a tab for months. She shows up at almost every single online event you run. His newsletter open rate is hovering around 84 percent. She’s liking every other one of your tweets.
Your work in media needs to be dictated by how you serve your 100 truest believers. We need their voices to inform our decisions about how we run our businesses, how we think about finding, processing, and publishing media — both in the form of quantitative, structured information and in subjective, anecdotal conversations.
Yes, actual conversations. As privacy regulations encroach, you’ll have to resort to more traditional ways of understanding your believer; you may actually have to talk to them.
These aren’t just conversations about what she thinks about your podcast — these are conversations about who she is. What does she do for work? What problems does she live with? What does she do when she’s bored?
You’ll probably realize a lot of things quite quickly. What is at the core of your media business? What can you do to address her problems — maybe even solve them? What are your operating principles? And who is your competition?
Here’s another realization that will likely follow quickly: Your competition isn’t limited to other organizations that also do news. Your competition is what your true believer spends her time doing instead of reading your Very Important Article. Often, it’s Netflix. Or Fortnite. Or, as Netflix themselves once put it, sleep.
Another realization will come around the amount of content you produce. In those conversations with your believers, ask them whether they really wake up every morning looking for the day’s breaking news. Chances are she isn’t really thinking about your news cycle. So do you really need to be publishing 25 stories a day? Or are you shouting into that existential void of publishing: If nobody’s reading your stories then do they really exist? Fewer, more relevant stories are the way forward.
A great deal of how she consumes media is in her social feeds. This is an incredible opportunity to break yourself out of that ever-churning cycle and own your own conversation with her. All the tools to do this exist on your phone, and they’re mostly free or cheap: email newsletters, podcasts, and good old-fashioned chats over a coffee (or, these days, the friendly neighborhood video platform of your choice). If you don’t ask, how will you know?
Remember the marketing funnel? Awareness, interest, desire, action, loyalty. There’s another important stage at the end of this: advocacy. Someone who will stand up and tell everyone else how useful (and valuable!) you are to them. After all, that’s one reason they’re a believer in the first place.
They probably believe in your principles. They probably believe in your work. They also probably believe in you, because you’ve demonstrated that you see them and validate them and respect their opinions. But more than anything, they probably find what you do useful and relevant to their lives.
Your believers are your best advocates. How many people do you have in your Mailchimp mailing list who would do that for you? Having a 10,000-strong mailing list doesn’t matter if none of them will vouch for you. Having 300,000 likes won’t matter if they’re drive-by likers.
Your relationships with these believers are profoundly valuable; they’re making an investment in you. Don’t blow it.
Rishad Patel is a product designer and co-founder of Splice.
Mike Caulfield 2021’s misinformation will look a lot like 2020’s (and 2019’s, and…)
Michael W. Wagner Fractured democracy, fractured journalism
Nik Usher Don’t expect an antitrust dividend for the media
Ryan Kellett The bundle gets bundled
Aaron Foley Diversity gains haven’t shown up in local news
Catalina Albeanu Publish less, listen more
Stefanie Murray and Anthony Advincula Expect to see more translations and non-English content
Loretta Chao Open up the profession
M. Scott Havens Traditional pay TV will embrace the disruption
Benjamin Toff Beltway reporting gets normal again, for better and for worse
Marissa Evans Putting community trauma into context
Taylor Lorenz Journalists will learn influencing isn’t easy
Don Day Business first, journalism second
Anna Nirmala Local news orgs grasp the urgency of community roots
Danielle C. Belton A decimated media rededicates itself to truth
Richard Tofel Less on politics, more on how government works (or doesn’t)
Mike Ananny Toward better tech journalism
John Ketchum More journalists of color become newsroom founders
Shaydanay Urbani and Nancy Watzman Local collaboration is key to slowing misinformation
Zizi Papacharissi The year we rebuild the infrastructure of truth
Charo Henríquez A new path to leadership
Ernie Smith Entrepreneurship on rails
Chase Davis The year we look beyond The Story
Ashton Lattimore Remote work helps level the playing field in an insular industry
Tauhid Chappell and Mike Rispoli Defund the crime beat
Rick Berke Virtual events are here to stay
Hossein Derakhshan Mass personalization of truth
Logan Jaffe History as a reporting tool
Sarah Marshall The year audiences need extra cheer
Patrick Butler Covid-19 reporting has prepared us for cross-border collaboration
Ariane Bernard Going solo is still only a path for the few
Rishad Patel From direct-to-consumer to direct-to-believers
Julia B. Chan and Kim Bui Millennials are ready to run things
Sarah Stonbely Videoconferencing brings more geographic diversity
David Skok A pandemic-prompted wave of consolidation
Marcus Mabry News orgs adapt to a post-Trump world (with Trump still in it)
Tamar Charney Public radio has a midlife crisis
Sonali Prasad Making disaster journalism that cuts through the noise
Tim Carmody Spotify will make big waves in video
Tanya Cordrey Declining trust forces publishers to claim (or disclaim) values
Sue Cross A global consensus around the kind of news we need to save
Pablo Boczkowski Audiences have revolted. Will newsrooms adapt?
Gabe Schneider Another year of empty promises on diversity
Moreno Cruz Osório In Brazil, a push for pluralism
Raney Aronson-Rath To get past information divides, we need to understand them first
Annie Rudd Newsrooms grow less comfortable with the “view from above”
Mark Stenberg The rise of the journalist-influencer
Nisha Chittal The year we stop pivoting
Julia Angwin Show your (computational) work
Jesse Holcomb Genre erosion in nonprofit journalism
Pia Frey Building growth through tastemakers and their communities
Bill Adair The future of fact-checking is all about structured data
Ben Collins We need to learn how to talk to (and about) accidental conspiracists
Chicas Poderosas More voices mean better information
Meredith D. Clark The year journalism starts paying reparations
AX Mina 2020 isn’t a black swan — it’s a yellow canary
Whitney Phillips Facts are an insufficient response to falsehoods
Jer Thorp Fewer pixels, more cardboard
Parker Molloy The press will risk elevating a Shadow President Trump
Doris Truong Indigenous issues get long-overdue mainstream coverage
Jennifer Brandel A sneak peak at power mapping, 2073’s top innovation
David Chavern Local video finally gets momentum
Jody Brannon People won’t renew
C.W. Anderson Journalism changed under Trump — will it keep changing under Biden?
Jean Friedman-Rudovsky and Cassie Haynes A shift from conversation to action
Astead W. Herndon The Trump-sized window of the media caring about race closes again
Ben Werdmuller The web blooms again
Kerri Hoffman Protecting podcasting’s open ecosystem
Tonya Mosley True equity means ownership
Edward Roussel Tech companies get aggressive in local
Joni Deutsch Local arts and music make journalism more joyous
Francesca Tripodi Don’t expect breaking up Google and Facebook to solve our information woes
Laura E. Davis The focus turns to newsroom leaders for lasting change
Nonny de la Pena News reaches the third dimension
Ariel Zirulnick Local newsrooms question their paywalls
Marie Shanahan Journalism schools stop perpetuating the status quo
Jeremy Gilbert Human-centered journalism
Steve Henn Has independent podcasting peaked?
Imaeyen Ibanga Journalism gets unmasked
Kate Myers My son will join every Zoom call in our industry
Nicholas Jackson Blogging is back, but better
Megan McCarthy Readers embrace a low-information diet
Sam Ford We’ll find better ways to archive our work
Kristen Muller Engaged journalism scales
Gordon Crovitz Common law will finally apply to the Internet
Sumi Aggarwal News literacy programs aren’t child’s play
Kawandeep Virdee Goodbye, doomscroll
Nabiha Syed Newsrooms quit their toxic relationships
Jim Friedlich A newspaper renaissance reached by stopping the presses
Matt Skibinski Misinformation won’t stop unless we stop it
Cherian George Enter the lamb warriors
Garance Franke-Ruta Rebundling content, rebuilding connections
Rachel Schallom The rise of nonprofit journalism continues
Ray Soto The news gets spatial
Bo Hee Kim Newsrooms create an intentional and collaborative culture
Delia Cai Subscriptions start working for the middle
Jacqué Palmer The rise of the plain-text email newsletter
Mark S. Luckie Newsrooms and streaming services get cozy
Natalie Meade Journalism enters rehab
Victor Pickard The commercial era for local journalism is over
Mandy Jenkins You build trust by helping your readers
Nico Gendron Ask your readers to help build your products
John Davidow Reflect and repent
Cory Bergman The year after a thousand earthquakes
J. Siguru Wahutu Journalists still wrongly think the U.S. is different
Andrew Donohue The rise of the democracy beat
Joanne McNeil Newsrooms push back against Ivy League cronyism
María Sánchez Díez Traffic will plummet — and it’ll be ok
John Saroff Covid sparks the growth of independent local news sites
Eric Nuzum Podcasting dodged a bullet in 2020, but 2021 will be harder
Rasmus Kleis Nielsen Stop pretending publishers are a united front
Christoph Mergerson Black Americans will demand more from journalism
Jessica Clark News becomes plural
A.J. Bauer The year of MAGAcal thinking
Ståle Grut Network analysis enters the journalism toolbox
Burt Herman Journalists build post-Facebook digital communities
Samantha Ragland The year of journalists taking initiative
John Garrett A surprisingly good year
Celeste Headlee The rise of radical newsroom transparency
Linda Solomon Wood Canada steps up for journalism
Colleen Shalby The definition of good journalism shifts
Robert Hernandez Data and shame
Beena Raghavendran Journalism gets fused with art
Gonzalo del Peon Collaborations expand from newsrooms to the business side
Candis Callison Calling it a crisis isn’t enough (if it ever was)
José Zamora Walking the talk on diversity
Jonas Kaiser Toward a wehrhafte journalism
Juleyka Lantigua The download, podcasting’s metric king, gets dethroned
Errin Haines Let’s normalize women’s leadership
Anthony Nadler Journalism struggles to find a new model of legitimacy
Francesco Zaffarano The year we ask the audience what it needs
Alfred Hermida and Oscar Westlund The virus ups data journalism’s game
Matt DeRienzo Citizen truth brigades steer us back toward reality
Jennifer Choi What have we done for you lately?
Masuma Ahuja We’ll remember how interconnected our world is
Sara M. Watson Return of the RSS reader
Kevin D. Grant Parachute journalism goes away for good
Zainab Khan From understanding to feeling
Rodney Gibbs Zooming beyond talking heads
Talmon Joseph Smith The media rejects deficit hawkery
Rachel Glickhouse Journalists will be kinder to each other — and to themselves
Cindy Royal J-school grads maintain their optimism and adaptability
Alyssa Zeisler Holistic medicine for journalism
Alicia Bell and Simon Galperin Media reparations now
Andrew Ramsammy Stop being polite and start getting real
Joshua P. Darr Legislatures will tackle the local news crisis
Mariano Blejman It’s time to challenge autocompleted journalism
Brian Moritz The year sports journalism changes for good
Brandy Zadrozny Misinformation fatigue sets in
Janet Haven and Sam Hinds Is this an AI newsroom?
Heidi Tworek A year of news mocktails