The Creator Economy Split: Identity vs. Utility Creators
Social ProofJanuary 30, 202639 min2,129 views
16 connectionsΒ·23 entities in this videoβThe Two Games of Content Creation
- π― The creator economy has split into two distinct games: one focused on views and followers, and the other using content as leverage for real income and ownership.
- π‘ Most creators are playing the wrong game, leading to frustration and burnout because they don't realize their intention behind creating content.
Identity Creators vs. Utility Creators
- π Identity creators derive their sense of self from content creation, chasing likes and views, often posting frequently and obsessing over engagement metrics.
- π οΈ Utility creators, on the other hand, use content as a tool or leverage to achieve other goals, such as acquiring clients, opportunities, or building a business.
- π The speaker, an entrepreneur who creates content, emphasizes that content is a utility, not the product itself, designed to drive viewers towards an offer.
Why Followers and Virality Don't Guarantee Income
- π Historically, a celebrity endorsement could lead to massive sales, but this is no longer the case; virality doesn't automatically translate to money.
- π Social media platforms now distribute content based on performance and interest groups, not solely on who follows a creator, meaning viral content may not reach your existing followers.
- π° A small percentage of creators make significant money directly from platforms due to the need for massive, consistent attention and high CPMs, which is difficult to achieve.
The Utility Creator's Path to Success
- π Utility creators focus on building a business where content points viewers to an offer, such as a service, product, or community.
- π¬ Building trust is crucial, achieved through long-form content, storytelling, and transparency, fostering a two-way conversation rather than broadcasting.
- β The path to conversion involves four stages: attention from the right audience, trust building, conversation, and finally, inviting the audience to a sale or offer.
Actionable Steps for Utility Creators
- π Pick one problem to consistently address and one platform to build depth on.
- π Create one simple offer tied to that problem and invite conversation weekly.
- π« Stop posting without direction; focus on intentionally moving people towards a next step, whether it's engaging with a community, a product, or a service.
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Transcript146 segments
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Whatβs Discussed
Creator EconomyContent CreationIdentity CreatorsUtility CreatorsGoing ViralSocial Media PlatformsAudience EngagementMonetizationContent StrategyBrand BuildingCommunity BuildingSales FunnelBurnout
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