Digital Sharecropping Part 2

What is Digital Sharecropping Anyway (Part 2)

Digital Sharecropping Part 2

Solutions & A Philosophy for Success

In Part 1, I defined the term Digital Sharecropping, and then outlined the ways that nearly everyone is doing it in their online businesses. (If you missed Part 1, go ahead and Start There first.)

As previously mentioned, it’s basically the practice of building your business on someone else’s land. While there are many potential downsides to doing this, mainly not having to reinvent the wheel, there are also a whole host of reasons that create a compelling case to begin Digital Sharecropping yourself, if you’re not already do so..

A Quick Detour

Most of the focus in this series is on social media, but this concept also applies to anyone who is freelancing or creating digital products. I’ll be covering these topics separately in upcoming posts, and you’ll see the philosophy of Digital Sharecropping in action.

What are the benefits? digital sharecropping

Probably the “end all be all” of benefits is that you get to take advantage of infrastructure that you didn’t have to build yourself. This can be an online platform or social network, an existing user base, software, or other technology.

From day 1 you can be up and running on another platform, with little experience and minimal barriers of entry.

Anyone who has built an audience online (or is in the process of building one) knows the uphill battle for each new visitor & subscriber. Not to mention the learning curve of building your website, learning the ‘ins’ and ‘outs’ of your email marketing service, and all the while creating new content.

If you setup a profile on Twitter or Instagram, for instance, you can post updates today (with some relevant hashtags, of course) and immediately gain some new followers and traffic.

The second main benefit of Digital Sharecropping is that it’s still your content! What you create on other platforms can be re-purposed, posted elsewhere, linked to, and more.

[tweetthis hidden_hashtags=”#contentmarketing #blogging #hustle”]Getting more eyeballs on your content is ALWAYS a good thing! [/tweetthis]

Being Proactive

It’s important to put your content in front of your audience wherever they happen to be. Social media often takes the brunt of the arguments against Digital Sharecropping, but the word “social” says it all.

Social Media IconsThis approach of being proactive will allow you to bring visitors to your site from other platforms. Think of it as harvesting your crops.

People are more likely to “know, like, and trust” you if you’re approachable and engaging on other platforms besides your own. The key is to talk with your audience, NOT just talk to them.

Have a Call to Action

Once you start to engage with your audience, it’s important to get them back to your site so you can keep the conversation going. (Read: email list)

Since another potential downside to Digital Sharecropping is that you often don’t get access to your audience’s email addresses from other platforms, it’s imperative that you be proactive with your call to action to bring them back to your site.

[tweetthis hidden_hashtags=”#socialmedia #hustle”]Socialize with your audience on whatever network they happen to be on. [/tweetthis]

Crop Rotation

The way to hold on to your success is to keep moving & adapting. Once you start to see diminishing returns from one traffic source, it’s time to re-evaluate and adapt.

Amazon, Facebook, Instagram, LinkedIn, and Google may be on top today (and possibly for years to come), but there are many other platforms on the rise, and you don’t always need to focus on the biggest & best ones out there to succeed.

Engage on the network that your audience hangs out on, and if your audience begins to shift – shift with them. The beauty of Digital Sharecropping is that you can instantly jump on board any platform that is rising in popularity, and with little effort, begin to capitalize on that built in audience & infrastructure.

To Sum It All Up

computer and journalRelying on Google traffic is passive, but can be very slow. Going out onto the different social networks such as Facebook, Twitter, and LinkedIn may take a little more work, but can be much more rewarding.

The amount of time you’ll need to spend on each platform to get positive results will vary, which is why focusing on those that give you the best return on your time is especially important.

Above all, though, understand that no strategy is going to work indefinitely.

Realize that things WILL change, so build your action plan around that understanding.

Keep lean, agile, and above all.. Be Consistent.

Cheers,

Patrick

The Slight Edge Book Review

The Slight Edge – Book Review

The Slight Edge Book Review

Ongoing Book Review Series

This post is another edition of my Book Review Series (every 2nd Friday of the month) in which I share a book that has had a big impact in my life.

For this month’s book review, I’ve chosen to highlight a book that I read back in 2007, while it was still being spread by word of mouth. It hit the mainstream around 2011, and has grown in popularity ever since, with a new updated edition coming out last year.

The Slight Edge: Turning Simple Disciplines Into Massive Success by Jeff OlsonSlight Edge Book Review

This book helped me to really double down on my efforts at personal growth. It is also one of the few books that I’ve revisited and read more than 1 time.

The Basic Premise

The simple idea that Jeff puts forth here is that small actions, habits, and disciplines will compound over time, and lead to big results, either positive or negative.

This principle applies to all areas of your life including: Business, Personal Development, Relationships, Religion/Spirituality, Health/Fitness, and so on..

The Opposite of a”Get Rich Quick” mentality

While many ‘get rich quick’ strategies actually work, the mindset of expecting instant results usually won’t help you in the long run.

This mentality will likely hurt you in many areas too, since you’ll be expecting to undo the negative results quickly; results that have likely been compounding from small negative choices made over the course of many years..

[tweetthis hidden_hashtags=”#productivity #hustle”]Small daily improvements are the key to staggering long term results.[/tweetthis]

The Impact

It’s hard to overstate the impact this book has had on my life. Let me share just a few examples of how I’ve implemented The Slight Edge in my life:

Health & Fitness

While I’ve never been overweight or ‘sickly’, I hadn’t made health or fitness priorities in my life. Around the time I first read this book, I began making small positive changes to both of these areas.

Over the course of nearly 3 years, these small changes eventually lead to my being in the best shape of my life (and I’m still improving). I both workout my entire body every day, and also make time to thoroughly stretch every muscle group.

I also slowly made the transition from an unhealthy diet (including lots of processed foods, meat & dairy, too many grains, and low quality produce) to a clean plant based diet filled with whole foods and (mostly) organic produce.

Personal Development

stack of booksAnother area this has positively impacted me is in my approach to personal development.

In the past, I had been a ‘binge learner’, often reading between 7-12 books simultaneously, while also listening to several audio courses each month, and then having periods of 2-3 months where I did little to learn & grow.

I realized that in the same way you can’t sleep once to recharge yourself for an entire month, or eat a massive meal to fuel you for the week, my studies needed to be a little smaller and a lot more consistent.

Now, I read for 30-60 minutes every day (fiction, current events, and the like don’t count), and try to limit myself to reding 3-5 books simultaneously.

I also carefully select my reading list in advance, and no longer hesitate to stop reading something that either doesn’t resonate with me, or that I’m not enjoying.

Business

Before applying The Slight Edge to my business, I would jump between having too many projects ongoing to pouring my entire focus into just one project.

I changed my outlook quite a bit here. I knew that over time, the results from any one project would probably be pretty insignificant, and that spreading my focus too thin over a plethora of projects would greatly reduce my forward momentum.

I shifted to a system where I plan out my year in 90 day blocks. I still focus on multiple projects, but allocate my time to reflect which projects are of a higher priority. (I’ll dedicate an entire upcoming post detailing this formula, which I’ve come to call The 65-25-10 Formula.)

The Slight Edge Explained

The Verdict

Those examples are just a few of the many changes I’ve made in my life since reading The Slight Edge, and the results over these last 8 years (and counting) have been astounding!

Obviously I wouldn’t waste your time telling you about a book that isn’t worth reading, but again, it’s hard to overstate the positive impact this simple philosophy can have on your life.

It’s definitely worth checking out. (View The Slight Edge on Amazon)

Until Next Week

Next Friday, I’ll finish up my short series on Digital Sharecropping. Until then..

Take Care,

Patrick

Digital Sharecropping Part 1

What is Digital Sharecropping Anyway (Part 1)

Digital Sharecropping Part 1

Defining Digital Sharecropping (Part 1)

For this 2 part series, I thought it would be good to actually define Digital Sharecropping. This should give you some insight into this blog in general.

Although this first post may seem to paint digital sharecropping in a negative light, stay tuned for Part 2, and you’ll see it come full circle. I think this topic is quite important for anyone who is working online.

Almost all of the sources I’ve found online credit Nick Carr as originally coining the phrase back in 2006. He is a bestselling author and blogger at Rough Type who covers topics such as technology, culture, and economics.

So What is Sharecropping?

digital sharecroppingAt face value, digital sharecropping is pretty similar to actual sharecropping. According to Wikipedia, Sharecropping is a system of agriculture in which a landowner allows a tenant to use the land in return for a share of the crops produced on the land.

I often see sharecropping looked at as a bad thing, since in a lot of cases the sharecroppers were poor (and possible even being taken advantage of), but I would argue that it provided access to arable land for those who were typically excluded from owning land, such as women and freed slaves. This arrangement also split the risk between both the landlord and tenant.

Side note: this practice is still alive and well today in the form of “farmer’s cooperatives” (or “Co-op”), where smaller farmers join together and become “members” of the cooperative. This gives them access to better machinery and better pricing on supplies.

How does this relate to the digital realm?

working onlineWhat this means in the digital world is that a site (landlord) allows users (tenants) to create content on their existing platform, typically at a low cost or free.

The exchange here is that the users get to create content on an established platform, while the site gets to make the rules and retain most of the value of their content.

The term “digital sharecropper” is usually aimed at people who run their online business exclusively on social media sites, but I’d like to extend it a bit further..

Are you Digital Sharecropping?

Social Media MontageLets see.. Do you:

  • Create content on social media and/or YouTube?
  • Store your data / files in the cloud?
  • Use SaaS (including email services)?
  • Practice Affiliate Marketing?
  • Rely on Google for traffic to your website?
  • Rely on iTunes for your Podcast audience?
  • Sell books on Amazon or video courses on Udemy?

Any of the above (and there are dozens of additional examples) can be considered digital sharecropping, since you are at the mercy of those sites and providers. I could even take it a step further to include internet service providers, the internet’s infrastructure (undersea cables, electricity, etc.) and so on, but I’m sure you get the point..

Why is this ‘bad’?

The danger here is that you are not fully in control of your business. Everything you’re working towards today can be undone by forces outside of your immediate control. Algorithm changes, changes in royalty percentages, the decline of a particular social media platform, etc., can completely derail your business.

So What’s the Solution?

Most of the time, the solution offered is to simply ‘own the land’ (build your own website, grow your following and email list, etc.), but that is not without its own challenges. I elaborate on this a bit more in Part 2, but suffice it to say that [tweetthis hidden_hashtags=”#hustle #onlinebusiness”]Owning 10% of something is better than owning 100% of nothing.[/tweetthis]

See you next week,

Patrick