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Marketing School - Digital Marketing and Online Marketing Tips

Discovery Platforms vs Relationship Platforms #2534

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Careers, Business, Marketing

4.61.3K Ratings

🗓️ 14 August 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

In episode #2534, we make the distinction between discovery platforms and relationship platforms, how you can leverage both to your advantage, and more! We discuss why you want to use your discovery platforms that have good, organic reach and let them turn into relationship platforms before sharing how we generate more revenue when our content is specific. Finally, we tell you how we’d approach starting our businesses from scratch today! TIME-STAMPED SHOW NOTES: [00:00] Today’s topic: Discovery Platforms vs Relationship Platforms. [00:40] Some examples of “better relationship platforms.” [01:00] Why do you want discovery platforms with good reach to become relationship platforms? [03:09] How specific content allows us to generate more revenue (with fewer views). [03:50] Reasons we’d start with a podcast if we were to start our businesses from scratch. [05:08] That’s it for today! Don’t forget to rate, review, and subscribe! Go to https://www.marketingschool.io to learn more! Links Mentioned in Today’s Episode: LinkedIn Tiktok Instagram Don’t forget to help us grow by subscribing and liking on YouTube! Leave Some Feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with Us: Single Grain << Eric’s ad agency NP Digital << Neil’s ad agency X @neilpatel X @ericosiu

Transcript

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0:00.0

All right, we are going to talk about discovery platforms versus

0:04.1

relationship platforms. So you probably don't even know what I'm talking about right now.

0:07.4

So I actually read this the other day. Oh, this makes sense. I'm going to steal it.

0:10.8

I think it's this guy that tweeted his name's Jay Klaus. And so let me guess, discovery

0:16.3

platforms are more like TikTok and relationship platforms are more like LinkedIn.

0:20.4

Close, close. I would say LinkedIn TikTok. Those would be more like discovery platforms.

0:26.5

Reels, right? LinkedIn too. Yeah, because LinkedIn is good organic reach, right?

0:30.1

But you're your relationship platform. LinkedIn, most people use it for the relationships

0:34.1

for their business network first. Okay, maybe you'll say halfway. You'll say halfway.

0:37.1

But yeah, let's use a better relationship platforms one. So better relationship platform

0:41.2

is like your email list. Okay. And to an extent, it's also this podcast because they're really

0:46.5

getting to know us. Like there are some people that have listened to every single podcast.

0:50.1

Like a newsletter relationship platform. You know, there's some of those people that have listened

0:53.2

to all 2500 episodes. Yeah. Yeah. So point out guys, we're very appreciative of you

0:58.4

for listening to all this. Thank you very much. Yeah. So the key thing here is that

1:02.4

you want to have your discovery engines where there's good organic reach to like real shorts,

1:06.8

right? Or even YouTube long form. And you want to bring them into your relationship platforms.

1:12.1

And so you see like our our mutual friend Cody Sanchez is this example. She publishes shorts everywhere

1:16.8

YouTube. And she's getting like 12 15 million views a month. But almost everything points back

1:21.4

to her newsletter now. It's not even registered for webinar anymore. It's just good one newsletter,

1:25.5

good one newsletter, good one newsletter newsletter. That's all it is. Yeah. And then she is

1:28.8

fun. All's people into all the products she's selling. And it's it's worked out quite well for her.

...

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