How to Build a Personal Brand That Cuts Through Noise

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May 23, 2024
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Think Media Podcast
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How to Build a Personal Brand That Cuts Through Noise

TL;DR

Personal branding is the digitization of reputation, not follower counts, and it matters because of trust: 74% of people say they are more likely to trust someone with a personal brand. The way through is to find your uniqueness and exploit it in the service of others. Give away the what, charge for the how, and niche until you break through the wall.

Transcript

why does personal branding matter in 2024 it matters because of trust people are more likely to work for somebody who has an established personal brand than someone who doesn't they're more likely to recommend them they're more likely to pay a higher price for the same service from someone with a personal brand what if I give away my best stuff or ... Read More

Key Insights

  • Personal branding is the digitization of reputation, not social media metrics. Followers, subscribers, likes, and websites are tactical expressions of something more fundamental. The underlying asset is trust, which is what actually lets a business function and grow.
  • Trust is the reason personal branding matters, not trends. Brand Builders Group's national research study, weighted to the US Census and statistically validated at a PhD level, found 74% of people say they are more likely to trust someone with a personal brand.
  • An established personal brand changes behavior across multiple dimensions: people are more likely to work for you, recommend you, and pay a higher price for the same service. The study even found 30% of Americans are more likely to date someone with an established personal brand.
  • The free-versus-paid question has a short answer: give away the what and charge for the how. Sharing the what builds trust and demonstrates expertise publicly, while the how, the actual implementation, remains the thing people pay for.
  • Shean's wall, named after Peter Shean, is the invisible barrier between two groups in every market, vertical, platform, and industry: those living in obscurity who are unclear or untrusted, and those living in notoriety who have trust and influence.
  • People bounce off Shean's wall because they imitate the well-known. They copy Gary Vaynerchuk's many topics or Tony Robbins's many events, spreading across every platform and revenue stream. Diluted focus gets diluted results.
  • The best personal branding advice, from Larry Winget, is to find your uniqueness and exploit it in the service of others. Rory Vaden first heard the quote 25 years ago and says it works the same way now that AI has flooded the market with content.
  • Regurgitating, repackaging, reformulating, consolidating, or summarizing existing material makes you a commodity. You will be beaten by other creators and by AI, which can do that faster. Real thought leadership means advancing the thinking and the nomenclature on your topic.

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Questions & Answers

Q: What is personal branding really about?

Personal branding is simply the digitization of reputation. It is not about social media, follower counts, subscribers, likes, or websites, which Rory Vaden calls tactical expressions of something more fundamental. Because reputation is about trust, personal branding is ultimately a trust-building exercise. Going viral with a dancing video or a gimmick can generate attention without generating trust, and trust is what a business actually needs to function.

Q: Why does personal branding matter in 2024?

It matters because of trust, not because of trends. Brand Builders Group ran a national research study on trends in personal branding that was weighted to the US Census and statistically validated at a PhD level. It found 74% of people say they are more likely to trust someone with a personal brand, and that people are more likely to work for, recommend, and pay a higher price for the same service from someone with an established personal brand. 30% of Americans even said they are more likely to date someone with one.

Q: What should I give away for free and what should I charge for?

The short answer given in the episode is that you give away the what and you charge for the how. The what, meaning the concepts, ideas, and information about what needs to be done, is what you share publicly to build trust and demonstrate expertise. The how, meaning the actual implementation, methods, and execution, is what people pay you for. This resolves the common fear of giving away your best material.

Q: What is Shean's wall in personal branding?

Shean's wall is a framework Rory Vaden named after his colleague Peter Shean, who came up with the original concept for a corporate environment before Vaden adapted it for personal brands. In any market, vertical, platform, or industry there are two groups: those who are unknown, struggling with obscurity, usually unclear or untrusted, and those who are well-known, living in notoriety with trust and influence. A huge invisible wall sits between them.

Q: Why do most people fail to break through and become well-known?

They bounce off Shean's wall because they look at the people already on the other side and try to copy everything those people do. They see Gary Vaynerchuk covering many topics, or Tony Robbins running events on money, health, and Date with Destiny, and conclude they need many topics, many platforms like X, Pinterest, TikTok, Instagram, Facebook, and LinkedIn, and many revenue streams. As Vaden puts it, if you have diluted focus you get diluted results.

Q: How do you stand out now that AI has flooded the internet with content?

The method has not changed: find your uniqueness and exploit it in the service of others, a quote Rory Vaden heard from Larry Winget 25 years ago. AI makes it possible to write a blog in 60 seconds and to generate video prompts and scripts, so noise is arriving faster than ever. Breaking through requires unique thinking, original ideas, and the ability to say something that is not already in the nomenclature.

Q: What does it actually mean to be a thought leader?

A thought leader advances the thinking on a topic and advances the nomenclature of what has been said about it. Vaden notes the term first meant something, then decayed into a synonym for influencer, and is now becoming meaningful again because it is what getting noticed requires. If you are regurgitating, repackaging, reformulating, consolidating, or summarizing what already exists, you are a commodity, not a thought leader.

Q: Why should I niche down when successful creators talk about everything?

Because you are comparing your beginning to someone else's middle, as John Acuff puts it in the episode. Sean's advice is to niche until you are known, until you break through the wall. Gary Vaynerchuk is the example: he started with wine only, on YouTube only, and his show was about wine. The authority and success he built from the wine shop and the wine show were then leveraged into social media and other topics.

Summary & Key Takeaways

  • Rory Vaden, a New York Times best-selling author and founder of Brand Builders Group, joins Sean to explain why personal branding matters. Their national research study on trends in personal branding, weighted to the US Census and academically validated, found people are more likely to trust, work for, recommend, and pay a higher price to someone with an established personal brand.

  • Personal branding is defined as the digitization of reputation. Social media followers, subscribers, likes, and websites are tactical expressions, not the foundation. The tools of the day, including YouTube, podcasting, and social media, allow you to automate trust at scale, but going viral with dancing videos or gimmicks does not build the trust a business needs.

  • The 2024 problem is noise and competition, amplified by AI. Shean's wall separates the unknown from the well-known, and people bounce off it by copying famous creators: too many topics, platforms, revenue streams, and audiences. Diluted focus produces diluted results. The answer is to find your uniqueness and exploit it in the service of others, and to become a genuine thought leader.


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