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The old method was creating a product then finding customers. The new, more effective model is to build an audience and community first, establishing trust, and then monetizing that attention. The audience itself is the primary asset, the 'new oil'.

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Resisting the urge for quick monetization builds immense audience trust. When you consistently provide overwhelming value without asking for anything in return, you build a loyal community that will eventually be eager to pay you. This long-term approach creates a more valuable and defensible brand.

The business battleground has shifted to attention, which is no longer controlled by corporations with large advertising budgets. Individuals can now capture massive audiences through social media and deploy that attention across ventures, creating enterprise-level value.

In an attention-based economy, the primary function of any business is to produce content and capture audience mindshare. Your role as a realtor or shop owner is secondary. The cost of production and distribution is now so low that there is no excuse for not embracing this fundamental identity shift.

Instead of creating a product and then seeking an audience, Drew Scott first built a dedicated YouTube community. He then developed his product line based on direct feedback and observing what his audience responded to in his content, ensuring built-in demand.

The "build it and they will come" mindset is a trap. Founders should treat marketing and brand-building not as a later-stage activity to be "turned on," but as a core muscle to be developed in parallel with the product from day one.

Reverse the traditional startup model by first building an audience with compelling content. Then, nurture that audience into a community. Finally, develop a product that solves the community's specific, identified needs. This framework significantly increases the probability of finding product-market fit.

Before achieving revenue, marketers must capture audience attention. This attention builds relevance (being top-of-mind), which then fosters a reputation (being known, liked, and trusted). Revenue is the final outcome of this process, not the starting point.

Unlike previous eras focused on broad, mass-market appeal, today's winning marketing strategy builds and mobilizes deep, committed tribes of followers. This 'cult and tribe' approach, exemplified by Elon Musk, secures capital, customers, and talent by fostering a phalanx of true believers.

The fundamental mindset for modern growth is to see your business as a full-time media production company. Your actual service or product becomes the thing your media company monetizes, rather than the primary focus. This shift in identity changes everything about your operations and marketing.

In today's market, founders cannot afford to build a product and then seek an audience. The only durable competitive advantage is building a content engine first to capture free impressions and organic reach, then monetizing that pre-existing audience with a product or service.

Modern Businesses Invert Tradition by Building an Audience Before a Product | RiffOn