Welcome to The Tilt, a twice-weekly newsletter for content entrepreneurs.
full tilt
Are You Prepared for the Rest of 2024?
With the first half of 2024 in the books, it’s a good time to take stock of where your content business is and what you should plan to do with the less than six months remaining in the year.
It’s also an excellent time to revisit the hot topics and ideas for content entrepreneurs. We curated the seven most popular features in The Tilt newsletter since January. Get a glimpse of what they’re all about, then click on the title for more helpful advice.
Recap: Kajabi’s State of Creators ’24 Report finds revenue diversification makes a difference in earnings. Creators earning less than $100K have an average of two revenue streams. However, creators earning between $100K and $150K operate five or six revenue streams. The top earners – over $150K – have seven revenue streams on average.
Lesson: Expand your revenue streams. Consider how to maximize one content product by turning it into related revenue streams. According to Kajabi, online courses, digital downloads, subscriptions/memberships, and online coaching/consulting are the most profitable formats.
Recap: The Wall Street Journal front page screamed, “Consulting is dead.” Though it was a clickbaity print ad, it created a conversation. The Tilt research finds consulting the most frequently used and profitable revenue stream. Forty-nine percent of those surveyed sell consulting services, followed by books for 37% of the entrepreneurs.
Lesson: As an expert creator, you’re growing a business based on specialized knowledge or passion. For your consulting revenue stream, think about what you know – and how you can help others benefit from that knowledge. In designing the revenue stream, don’t offer too many choices publicly (i.e., on your website) so that your potential consulting clients get confused and move on. Weigh the pros and cons of retainer, project, and hourly models.
Recap: Tech Crunch says it’s a prime window of opportunity for newsletters. Newsletter platform Beehiiv announced a $33M investment. Visitors to Substack grew from 34.8M in August 2023 to 49.4M in January 2024, and LinkedIn newsletters tripled to 450M in a year.
Lesson: Strategize now how to sustain your newsletter for the long haul. Do more of what your audience says they want, and don’t forget the value of personalization.
Recap: Many people think of disability or impairment in a singular and absolute sense – a permanent condition. While many people fall into the permanent categories, such as those who have permanent hearing or vision loss, temporary and situational disabilities also exist.
Lesson: Make your content accessible to all of those categories, and you’ll grow your audience and business.
Recap: In a digital world, you can know a lot about your content’s performance. But, frankly, so many data points overwhelm even the most analytical entrepreneur. To make metrics a helpful tool that you’ll actually use in your business, narrow the choices to what matters most.
Lesson: Pick five to 10 data points, then create a spreadsheet template to track them at least every month. How do you know what data to select? Look to the goals of your content business.
Recap:The Content Entrepreneur book debuted with 33 co-authors from the newly launched custom imprint Tilt Publishing. This wasn’t the infamous group project in school, notorious for a few people doing the work and everybody getting the credit. The Content Entrepreneur authors all wrote chapters and marketed the book.
Lesson: “The No. 1 thing to do any kind of group collaborative content-related project is to make sure the people on it care about the outcome, not what they’re going to get from the outcome,” says co-author Rebecca Achen.
Recap: New Year’s resolutions usually don’t work. Instead, CEX speakers share what content entrepreneurs should stop and start doing this year.
Lesson: Skift CEO Rafat Ali advises you to start producing. “I am a big fan of action over intent. Volume isn’t everything, but a minimum volume in digital channels matters. Building direct relationships with your audiences matters.
As for his stop advice? Wasting time on X. But he really means you should figure out where your target audience is and don’t assume they’re just on social channels.
-Ann Gynn
What’s on your to-do list for the rest of 2024? Reply to this email to let us know.
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Start with an audience: Before Carl launched the I Used To Be Somebody podcast, he and his wife Diana launched a newsletter to ensure they had their audience’s email addresses.
Get creative: Their newsletter and podcast about second acts also included a segment on life lessons in pickleball, a rapidly growing sport Carl and many in their target audience did, too.
Listen to listeners: A podcaster listener who once worked on the Dummies publishing series reached out to suggest Carl (and his team) author the version for pickleball.
Know a content creator who’s going full tilt? DM us. Or email tilt@thetilt.com.
things to know
Money
Better than newspapers: Two journalists, formerly at the Davis Enterprise in California, say they’re already making more money with their Substack newsletters that launched in May than they did at their newspaper jobs. Each boasts 1K paying subscribers. [Press Gazette] Tilt Take:A high percentage of subscribers paid for a year upfront, giving their instant success a chance to turn into a long-term business.
Broad topic: Venture capitalist Rex Woodbury says he’s most interested in where the creator economy overlaps with commerce. “How do you actually turn the creator … into interesting business models,” he asks. [Business Insider] Tilt Take:Raising hand and pointing to Content Inc. model.
Audiences
More than gamers: Over 30M turn to Twitch daily, and more are doing it to connect outside the game streams, which has made the app popular, according to App Annie’s latest Evolution of Social Media Report. [USA Today] Tilt Take:Is your audience tuning into Twitch?
Up Down Under: Podcast listenership in Australia increased by 20% in two years, leading the globe, and 35% of Australians listen to podcasts weekly. [Infinite Dial Australia; h/t Podnews] Tilt Take:Podcasters, take note. How can you appeal to audiences in Australia?
Tech and Tools
Generative game: An analysis finds humans earn $78.8K per post compared to almost $1.7K for their AI counterparts. [Net Influencer] Tilt Take:Umm … how many humans are earning over $75K per sponsored post?
Clip it: YouTube added an erase-song tool to let creators remove songs from their videos that may violate copyrights without deleting other audio, such as conversations. [Engadget] Tilt Take:Making it easier to respect people’s copyrights is always a good thing.
And Finally
Turning 1: A year after Threads, which hit 100M users faster than any app in history, it now sees over 175M monthly users. [Platformer] Tilt Take:After an early dip, it’s interesting to see the big numbers using the app.
Don’t party yet: Content creators say they’re struggling to understand what Threads’ mission actually is. “The focus isn’t news. It’s not about visual creativity or video, like Instagram or TikTok. So what is it,” asks Lia Haberman. [The Washington Post] Tilt Take:What are those 175M monthly users doing then?
the business of content
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