Different Kinds of Written Content Mediums: Exploring the Intersection of Writing Skills and Distribution Channels for Growth
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Aug 25, 2023
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Different Kinds of Written Content Mediums: Exploring the Intersection of Writing Skills and Distribution Channels for Growth
In today's digital age, the importance of writing skills cannot be understated. Whether you are a blogger, a content creator, or a business owner, the ability to effectively communicate through writing is crucial. However, with the plethora of content mediums available, it can be overwhelming to choose the right platform to showcase your work. Let's delve into the world of written content mediums and discover how they can contribute to your growth.
Gone are the days when WordPress was the go-to platform for content creation. While it still holds a significant portion of the internet, its popularity has waned. It is essential to recognize that the success of a platform does not necessarily equate to its quality. Therefore, it is wise to explore alternative mediums that offer more organic growth opportunities.
Hive.blog has emerged as one of the top organic platforms for growth. By expanding your presence across multiple platforms, you increase your chances of being discovered. However, it is crucial to exercise caution when cross-posting your main series. While sharing your content on Medium and LinkedIn can be beneficial, it is important to evaluate the potential impact on your brand and audience engagement.
Another aspect to consider is the distribution of your content through email newsletters. Ghost emails, Substack, and Revue offer unique opportunities to reach your audience directly. By diversifying your email distribution strategy, you can maximize your reach and engagement.
Now that we have explored the various content mediums, let's shift our focus to the metric that determines quantitative product market fit. Jeff Chang's Growth Engineering Blog emphasizes the importance of cohort retention rate as a key indicator. When a product reaches the stage of "product market fit," it means that the product is good enough to shift focus from improving it to growing distribution channels.
The cohort retention rate is a powerful metric that minimizes false positives and false negatives. It accurately tells you when your product is good enough to start working on acquisition channels. For instance, Superhuman successfully used the metric "40% of your users would be 'very disappointed' if they could no longer use your product" to achieve product market fit. This metric proves to be more reliable than the Net Promoter Score (NPS) and serves as a strong indicator of success.
It is worth noting that every product has distribution channels that can work for its growth. With a solid cohort retention rate and a well-executed growth strategy, any product can be effectively distributed. The key is to find the benchmark retention rate by studying comparable products that have achieved significant growth. Consumer products typically aim for a 25% retention rate, while B2B SaaS products strive for 70%.
To summarize, finding the right written content medium and achieving product market fit go hand in hand. By honing your writing skills and strategically leveraging various platforms, you can amplify your growth potential. Here are three actionable pieces of advice to guide you on this journey:
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Experiment with different content mediums: Don't limit yourself to a single platform. Explore the options available and identify which mediums align best with your goals and target audience.
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Monitor your cohort retention rate: Use this metric as a benchmark to determine if your product is ready for distribution. Aim for a retention rate that surpasses the industry standards for your specific market.
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Focus on quality and execution: Even with the right content medium and product market fit, success relies on delivering high-quality content and executing your growth strategy effectively. Continuously improve your writing skills and stay on top of industry trends to maintain your competitive edge.
In conclusion, the world of written content mediums offers a vast array of opportunities for growth. By understanding the importance of writing skills, exploring different platforms, and aligning your product with market fit, you can unlock your full potential as a content creator or business owner. Embrace the power of words and leverage the distribution channels available to you, and watch your audience grow.
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